Beth Sholom Home Of Virginia
- Assets
- $33.4m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 277
- Location
- Richmond, VA
- Founding
- 03/1947
- Data as of
- 09/2023
- EIN
- 54-0525702
Organization Overview
Beth Sholom Home Of Virginia is located in Richmond, VA. The organization was established in 1947. 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 09/2023, Beth Sholom Home Of Virginia employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Sholom Home Of Virginia 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 09/2023, Beth Sholom Home Of Virginia generated $31.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $19.0m during the year ending 09/2023. While expenses have increased by 0.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BETH SHOLOM LIFECARE COMMUNITY IS TO PROVIDE QUALITY AND COMPREHENSIVE RESIDENTIAL, HEALTHCARE AND COMMUNITY-BASED SERVICES TO INDIVIDUALS OF ALL FAITHS, IN A MANNER THAT REFLECTS OUR JEWISH TRADITIONS AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CARE TO NURSING HOME PATIENTS AND ASSISTED LIVING RESIDENTS THROUGH OPERATION OF A 101-BED NURSING HOME FACILITY, A 60-UNIT ASSISTED LIVING FACILITY, AND A 73-UNIT ASSISTED LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris S Funk President & CEO | OfficerTrustee | 38 | $366,711 |
Richard Beckler CFO | Officer | 38 | $150,760 |
Jennifer Johnson VP Of Qa | 38 | $117,184 | |
Barbara Young Hcc Rn | 38 | $101,544 | |
Terri Carrington Hr Director | 38 | $98,044 | |
Robin Abbott VP Of Res Services | 38 | $94,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,219,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,415,651 |
| Total Program Service Revenue | $15,739,737 |
| Investment income | $221,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,858,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,278,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $4,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,599 |
| Compensation of current officers, directors, key employees. | $545,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,917,244 |
| Pension plan accruals and contributions | $56,380 |
| Other employee benefits | $386,152 |
| Payroll taxes | $391,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $254,220 |
| Fees for services: Accounting | $157,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $200 |
| Fees for services: Investment Management | $87,912 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,737 |
| Office expenses | $150,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,553,171 |
| Travel | $1,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $496,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,021,190 |
| Insurance | $316,634 |
| All other expenses | $366,405 |
| Total functional expenses | $19,041,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,092,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $95,521 |
| Accounts receivable, net | $570,971 |
| 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 | $63,248 |
| Net Land, buildings, and equipment | $11,262,475 |
| Investments—publicly traded securities | $13,368,467 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,904,842 |
| Total assets | $33,358,347 |
| Accounts payable and accrued expenses | $347,388 |
| Grants payable | $0 |
| Deferred revenue | $63,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $132,433 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,200,584 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,743,645 |
| Net assets without donor restrictions | $20,588,635 |
| Net assets with donor restrictions | $1,026,067 |
| 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 | $33,358,347 |