Copper Ridge Inc
- Assets
- $2.4m
- Revenue
- $198.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 52-1750659
Organization Overview
Copper Ridge Inc is located in Fort Washington, PA. The organization was established in 1992. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copper Ridge 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, Copper Ridge Inc generated $198.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (46.0%) each year. All expenses for the organization totaled $46.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (56.4%) per year over the past 7 years. 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
THE PURPOSE OF COPPER RIDGE, INC. IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE JULY 1, 2020, COPPER RIDGE NO LONGER PROVIDES COMPREHENSIVE LIFE CARE SERVICES AS IT SOLD THE BUILDING, THE REAL ESTATE, PERSONAL PROPERTY, AND THE BED RIGHTS TO AN UNRELATED ORGANIZATION, SYKESVILLE MD PROPCO, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald T Grant CEO & Chairman | OfficerTrustee | 0.1 | $0 |
Karen I Christiansen President & Vice Chairman | OfficerTrustee | 0.1 | $0 |
Jonathan D Grant Assistant Secretary | Officer | 0.1 | $0 |
Richard A Winter Treasurer (ret. 6/21) | Officer | 0.1 | $0 |
Susan Ahern Treasurer | Officer | 0.1 | $0 |
Glenn D Fox Secretary | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Culinary Consultant | 12/30/20 | $1,550,185 |
Functional Pathways Of Tennessee Rehab/companion Care | 12/30/20 | $616,394 |
Sykesville Md Opco Llc Healthcare Providers | 12/30/20 | $188,204 |
Remedi Seniorcare Of Maryland Rehab/therapy | 12/30/20 | $111,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $21,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,465 |
| Net Gain/Loss on Asset Sales | $10,563 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,110 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,079 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $457 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,876,531 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $482,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,360,129 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $4,385,947 |
| Total liabilities | $4,385,947 |
| Net assets without donor restrictions | -$2,499,474 |
| Net assets with donor restrictions | $473,656 |
| 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 | $2,360,129 |
Endowment Analysis
| Beg. Balance | $450,000 |
| Earnings | $8,940 |
| Ending Balance | $458,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orchard Manor Grove City, PA | $8,380,993 | $11,061,466 |
Concordia Of Monroeville Monroeville, PA | $14,124,064 | $9,879,230 |
Bronxwood Home For The Aged Inc Bronx, NY | $8,611,345 | $8,452,055 |
Bethany Nursing Home And Health Related Facility Inc Horseheads, NY | $9,235,158 | $10,577,157 |
Bryn Mawr Terrace Bryn Mawr, PA | $9,525,391 | $7,813,669 |
Pendleton Manor Inc Franklin, WV | $2,799,029 | $11,584,753 |
Community Skilled Nursing Centre Warren, OH | $9,757,412 | $10,199,793 |
Holzer Senior Care Center Bidwell, OH | $9,964,794 | $9,770,856 |
Monroe Community Health Services Toledo, OH | $13,387,790 | $8,758,598 |
Community Healthcare Operator Inc Windber, PA | $7,449,324 | $11,021,812 |
Clarview Rest Home Inc Sligo, PA | $11,252,883 | $9,978,055 |
Margaretville Nursing Home Inc Margaretville, NY | $4,523,054 | $6,237,023 |