Eastcastle Place Inc
- Assets
- $44.7m
- Revenue
- $15.6m
- Investments
- $5.6m
- Employees
- 317
- Location
- Milwaukee, WI
- Founding
- 08/1942
- Data as of
- 09/2021
- EIN
- 39-0830668
Organization Overview
Eastcastle Place Inc is located in Milwaukee, WI. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Eastcastle Place Inc employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastcastle Place Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Eastcastle Place Inc generated $15.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $15.2m during the year ending 09/2021. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVALESCENT CENTER SERVICES: PROVIDE CARE AND SERVICES TO RESIDENTS IN NEED OF SKILLED NURSING CARE.
PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE.PROVIDE HOME RESIDENT SERVICES INCLUDING LIMITED CARE FOR RESIDENTS AT AN INDEPENDENT LEVEL.
PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Sitzberger Director Of Finance | Officer | 40 | $109,825 |
Nancy O'donnell Past Chairman | OfficerTrustee | 1 | $0 |
Barbara Tice Vice Chairman & Treasurer | OfficerTrustee | 1 | $0 |
Ken Kernen Chairman | OfficerTrustee | 1 | $0 |
Tyler Gudex Executive Director | Officer | 40 | $0 |
Dr George Lange Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Services Llc Consulting And Management Services | 9/29/21 | $889,292 |
Encore Rehabilitaion Services Therapy Services | 9/29/21 | $537,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,825,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,293 |
| Noncash contributions included in lines 1a–1f | $1,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,527,975 |
| Total Program Service Revenue | $12,263,778 |
| Investment income | $210,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,625,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,072 |
| Compensation of current officers, directors, key employees. | $114,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,277,505 |
| Pension plan accruals and contributions | $96,664 |
| Other employee benefits | $981,181 |
| Payroll taxes | $526,193 |
| Fees for services: Management | $362,421 |
| Fees for services: Legal | $11,148 |
| Fees for services: Accounting | $39,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,032,069 |
| Advertising and promotion | $468,141 |
| Office expenses | $15,281 |
| Information technology | $18,561 |
| Royalties | $0 |
| Occupancy | $734,553 |
| Travel | $16,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $739,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,739,984 |
| Insurance | $213,953 |
| All other expenses | $445,082 |
| Total functional expenses | $15,227,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $646,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,881 |
| Prepaid expenses and deferred charges | $397,830 |
| Net Land, buildings, and equipment | $28,695,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,575,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,294,129 |
| Total assets | $44,725,962 |
| Accounts payable and accrued expenses | $1,426,371 |
| Grants payable | $0 |
| Deferred revenue | $2,230,563 |
| Tax-exempt bond liabilities | $19,510,984 |
| Escrow or custodial account liability | $475,638 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,567,851 |
| Total liabilities | $50,211,407 |
| Net assets without donor restrictions | -$11,171,226 |
| Net assets with donor restrictions | $5,685,781 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,725,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastcastle Place Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Legacy Senior Services Minnetonka, MN | $22,110,267 | $24,625,122 |
Bethesda Willmar, MN | $73,193,100 | $31,566,689 |