Masonic Home Of Virginia
- Assets
- $90.8m
- Revenue
- $9.9m
- Investments
- $13.1m
- Employees
- 209
- Location
- Henrico, VA
- Founding
- 11/1928
- Data as of
- 12/2021
- EIN
- 54-0541802
Organization Overview
Masonic Home Of Virginia is located in Henrico, VA. The organization was established in 1928. 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 12/2021, Masonic Home Of Virginia employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic 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 12/2021, Masonic Home Of Virginia generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $12.9m 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
TO PROVIDE A CARING HIGH QUALITY RETIREMENT COMMUNITY AND NEEDED IN-HOME CARE TO VIRGINIA MASONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RETIREMENT, HEALTHCARE, AND NURSING FACILITIES FOR APPROXIMATELY 165 RESIDENTS. THE HOME PROVIDES CARE FOR LIFE TO RESIDENTS USING GIFTS AND INCOME FROM INSITUTIONAL GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne B Hagen Chief Executive Officer | Officer | 40 | $212,348 |
Robert Adkins Senior Administrator | 40 | $148,525 | |
Warren Swanson Chief Financial Officer | Officer | 40 | $147,506 |
Regina Pettaway Director Of Nursing | 40 | $127,244 | |
Samuel M Jones President | OfficerTrustee | 1 | $0 |
Frank L Wright Jr Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chamberlain Mechanical Service Inc Mechanical | 12/30/21 | $248,837 |
Morrison's Food Service Contract | 12/30/21 | $792,616 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,182,336 |
| Noncash contributions included in lines 1a–1f | $749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,194,901 |
| Total Program Service Revenue | $6,162,194 |
| Investment income | $654,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,997 |
| Net Gain/Loss on Asset Sales | $1,848,085 |
| Net Income from Fundraising Events | $9,748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,879 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,902,177 |
| 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. | $768,421 |
| Compensation of current officers, directors, key employees. | $84,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,989,237 |
| Pension plan accruals and contributions | $164,880 |
| Other employee benefits | $942,600 |
| Payroll taxes | $503,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,079 |
| Fees for services: Accounting | $35,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,317 |
| Fees for services: Other | $259,354 |
| Advertising and promotion | $119,740 |
| Office expenses | $168,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $396,801 |
| Travel | $38,672 |
| 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 | $1,220,702 |
| Insurance | $293,027 |
| All other expenses | $167,493 |
| Total functional expenses | $12,924,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,171,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $787,872 |
| 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 | $266,620 |
| Net Land, buildings, and equipment | $15,515,897 |
| Investments—publicly traded securities | $49,998,234 |
| Investments—other securities | $13,062,164 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,032,513 |
| Total assets | $90,834,836 |
| Accounts payable and accrued expenses | $1,420,521 |
| Grants payable | $0 |
| Deferred revenue | $4,488,576 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $45,000 |
| 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 | $1,566,874 |
| Total liabilities | $7,520,971 |
| Net assets without donor restrictions | $72,076,117 |
| Net assets with donor restrictions | $11,237,748 |
| 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 | $90,834,836 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Masonic Home Of Virginia has recieved totaling $329,642.
| Awarding Organization | Amount |
|---|---|
Grand Lodge A F & A M Of Va Richmond, VA PURPOSE: GENERAL OPERATIONS | $221,051 |
J Leonard And Dorothy B Moore Charitable Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $104,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $3,536 |
Mr & Mrs J C Buddy Hawkins Memorial Fund Las Vegas, NV PURPOSE: GENERAL PURPOSE | $1,055 |
Endowment Analysis
| Beg. Balance | $60,100,452 |
| Earnings | $8,839,345 |
| Admin Expense | $39,313 |
| Net Contributions | $79,579 |
| Other Expense | $5,121,321 |
| Ending Balance | $63,858,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Keswick Multi Care Center Inc Baltimore, MD | $21,425,413 | $33,875,242 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |
Homewood At Martinsburg Pa Inc Williamsport, MD | $35,909,042 | $26,139,276 |
Roman Eagle Rehabilitation And Health Care Center Inc Danville, VA | $55,144,453 | $28,458,225 |
Courtland Gardens Nursing And Rehabilitaion Baltimore, MD | $65,934,502 | $19,637,093 |
Charles County Nursing Home Inc La Plata, MD | $15,672,185 | $19,078,576 |
Augsburg Lutheran Home Of Md Inc Frederick, MD | $46,463,810 | $18,003,635 |
Bnai Brith Home & Hospital For The Aged Inc Cordova, TN | $59,590,119 | $20,367,534 |