Harwood Place Inc
- Assets
- $17.9m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 137
- Location
- Wauwatosa, WI
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 39-1531532
Organization Overview
Harwood Place Inc is located in Wauwatosa, WI. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Harwood Place Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harwood 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 12/2021, Harwood Place Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. 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
HARWOOD PLACE PROVIDES ASSISTED LIVING AND INDEPENDENT LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT HOUSING - HARWOOD LEASES 170 INDEPENDENT LIVING APARTMENTS THAT ARE ALL LICENSED AS RCAC'S. THE APARTMENTS RANGE IN SQUARE FOOTAGE WITH ONE OR TWO BEDROOM OPTIONS. SERVICES OFFERED INCLUDE A WELLNESS CENTER, RESTAURANT, GIFT SHOP, EXTRACURRICULAR ACTIVITIES, MEAL PLAN, HOUSEKEEPING SERVICES, LAUNDRY ROOMS, GUEST ROOMS, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND RCAC SERVICES. DURING THE YEAR HARWOOD AVERAGED 153 LEASED APARTMENTS.
COMMUNITY BASED RESIDENTIAL FACILITY - HARWOOD HAS A 32 UNIT CBRF FOR FRAIL ELDERLY NOT NEEDING NURSING HOME SERVICES YET BUT UNABLE TO LIVE INDEPENDENTLY. THE SERVICES OFFERED ARE 24HOUR NURSING SERVICES, 3 MEALS PER DAY, HOUSEKEEPING, AND LAUNDRY SERVICES. THE CBRF RESIDENTS ALSO HAVE ACCESS TO THE WELLNESS CENTER, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND EXTRACURRICULAR ACTIVITIES. APPROXIMATELY 31 UNITS WERE FILLED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Polczynski Executive Director (beg. Jan) | Officer | 16 | $94,733 |
Katie Sanders Chairperson | OfficerTrustee | 1 | $0 |
Ben Kebbekus Treasurer | OfficerTrustee | 1 | $0 |
Tim Reardon Vice Chairperson | OfficerTrustee | 1 | $0 |
Jan Teuscher Secretary | OfficerTrustee | 1 | $0 |
Kathy Cavers President & CEO | Officer | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Stone Enterprises Apartment Renovation Services | 12/30/21 | $202,850 |
Clearpath Connections Technology Services | 12/30/21 | $108,010 |
A & A Contractors Renovation Services | 12/30/21 | $328,338 |
Mared Mechanical Contractors Corp Mechanical Services | 12/30/21 | $235,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,968 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,377 |
| Total Program Service Revenue | $8,289,153 |
| Investment income | $158,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,540,786 |
| 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. | $96,474 |
| Compensation of current officers, directors, key employees. | $96,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,752,078 |
| Pension plan accruals and contributions | $26,766 |
| Other employee benefits | $335,217 |
| Payroll taxes | $208,429 |
| Fees for services: Management | $553,045 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,967 |
| Fees for services: Other | $486,752 |
| Advertising and promotion | $31,562 |
| Office expenses | $164,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $633,421 |
| Travel | $6,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $391,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,661,489 |
| Insurance | $78,782 |
| All other expenses | $53,882 |
| Total functional expenses | $8,034,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,585 |
| Net Land, buildings, and equipment | $11,807,790 |
| Investments—publicly traded securities | $5,413,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,150 |
| Total assets | $17,919,656 |
| Accounts payable and accrued expenses | $474,816 |
| Grants payable | $0 |
| Deferred revenue | $1,476,076 |
| Tax-exempt bond liabilities | $10,212,563 |
| Escrow or custodial account liability | $20,300,872 |
| 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 | $387,212 |
| Total liabilities | $32,851,539 |
| Net assets without donor restrictions | -$14,932,183 |
| Net assets with donor restrictions | $300 |
| 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 | $17,919,656 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harwood Place Inc has recieved totaling $5,194.
| Awarding Organization | Amount |
|---|---|
Lutheran Home Foundation Inc Wauwatosa, WI PURPOSE: PROPERTY UPGRADES | $5,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |