Broadmead Inc

Organization Overview

Broadmead Inc is located in Cockeysville, MD. The organization was established in 1976. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Broadmead Inc employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadmead 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 06/2021, Broadmead Inc generated $38.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $28.3m during the year ending 06/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING, NURSING, MEALS, MEDICAL AND SOCIAL CARE, AND CULTURAL ACTIVITIES FOR THE ELDERLY

Describe the Organization's Program Activity:

CONTINUING CARE RETIREMENT COMMUNITY PROGRAM: THERE ARE THREE LEVELS OF CARE CONSISTING OF INDEPENDENT LIVING, ASSISTED LIVING, AND THE HEALTH CARE CENTER. INDEPENDENT LIVING - TO PROVIDE COMPREHENSIVE, INDEPENDENT LIVING SERVICES FOR AGING PEOPLE, INCLUDING MEDICAL, DIETARY, SOCIAL, AND HOUSEKEEPING SERVICES FOR RESIDENTS. BROADMEAD HAD APPROXIMATELY 122,246 INDEPENDENT LIVING CENSUS DAYS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. (CONTINUED ON SCHEDULE O.)ASSISTED LIVING - TO PROVIDE AN INTERMEDIATE LEVEL OF CARE WHEN RESIDENTS NEED HELP WITH SOME ACTIVITIES OF DAILY LIVING, BUT DO NOT REQUIRE 24 HOUR SKILLED NURSING CARE, THAT ENCOURAGES RESIDENTS TO FUNCTION AT THEIR HIGHEST LEVEL OF INDEPENDENCE. BROADMEAD HAD APPROXIMATELY 12,041 ASSISTED LIVING CENSUS DAYS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. HEALTH CARE CENTER - TO PROVIDE QUALITY NURSING CARE IN A COMFORTABLE HEALTH CARE CENTER. THIS LEVEL OF CARE IS AVAILABLE ON BOTH A LONG TERM AND SHORT TERM BASIS AND PROVIDES FOR 24 HOUR SKILLED NURSING CARE. BROADMEAD HAD APPROXIMATELY 8,094 HEALTH CARE CENTER CENSUS DAYS DURING THE FISCAL YEAR ENDED JUNE 30, 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wohlsen Construction Company
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Arch Consultants
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$685,718
Ark Systems Inc
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Thrivewell Tech
It Services/hosting
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $551,521
All other contributions, gifts, grants, and similar amounts not included above$84,603
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$636,124
Total Program Service Revenue$28,861,742
Investment income $1,847,131
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $34,211
Net Gain/Loss on Asset Sales $6,192,133
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $42,707
Miscellaneous Revenue$0
Total Revenue $38,038,653

Grants Awarded

Over the last fiscal year, Broadmead Inc has awarded $197,967 in support to 2 organizations.

Grant RecipientAmount

Cockeysville, MD

PURPOSE: $12,511 WAS GIVEN TO COVER THE RELATED ORGANIZATION'S EXPENSES THAT ARISE FROM CARRYING OUT THE MISSION OF THE ORGANIZATION. $150,000 WAS GIVEN TO SUPPORT THE STARTUP OF BROADMEAD COMMUNITY SERVICES ACTIVITIES.

$162,511

BROADMEAD MEDICAL SERVICES INC

Org PageRecipient Profile

Cockeysville, MD

PURPOSE: TO COVER THE RELATED ORGANIZATION'S EXPENSES THAT ARISE FROM CARRYING OUT THE MISSION OF THE ORGANIZATION.

$35,456
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Broadmead Inc has recieved totaling $19,013.

Awarding OrganizationAmount
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: SPECIAL PROJECT

$18,000
Anderson Family Foundation Inc

Plymouth, MN

PURPOSE: GENERAL OPERATING EXPENSES

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$13
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,490,057
Earnings$4,446,019
Net Contributions$7,059,258
Other Expense$3,360,240
Ending Balance$29,635,094

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