Sacred Heart Villa Assisted Living Community
- Assets
- $2.7k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Reading, PA
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 55-0848919
Organization Overview
Sacred Heart Villa Assisted Living Community is located in Reading, PA. The organization was established in 1946. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Sacred Heart Villa Assisted Living Community employed 63 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sacred Heart Villa Assisted Living Community 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, Sacred Heart Villa Assisted Living Community generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
SACRED HEART VILLA OPERATED A RESIDENTIAL CARE HOME FOR THE AGED THROUGH OCTOBER 15, 2021. EFFECTIVE OCTOBER 15, 2021, SACRED HEART VILLA CEASED OPERATIONS AND HAS BEGUN LIQUIDATING THEIR ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE HOME FOR THE AGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bentz Treasurer | OfficerTrustee | $0 | |
Barbara Coffin President | OfficerTrustee | $0 | |
Sr Dorothy Fabritze Secretary | OfficerTrustee | $0 | |
Douglas F Didyoung Sr Vice Preside | OfficerTrustee | $0 | |
Anne L Carroll Member | Trustee | $0 | |
Mary Jo Bonner Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $715,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $717,225 |
| Total Program Service Revenue | $1,334,896 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,071,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $954,074 |
| Pension plan accruals and contributions | $35,918 |
| Other employee benefits | $150,460 |
| Payroll taxes | $74,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,111 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,448 |
| Advertising and promotion | $4,099 |
| Office expenses | $4,019 |
| Information technology | $1,452 |
| Royalties | $0 |
| Occupancy | $142,500 |
| 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 | $9,938 |
| Insurance | $48,308 |
| All other expenses | $74,659 |
| Total functional expenses | $1,977,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,656 |
| Accounts payable and accrued expenses | $96,248 |
| 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 | $220,000 |
| Total liabilities | $316,248 |
| Net assets without donor restrictions | -$313,592 |
| Net assets with donor restrictions | $0 |
| 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 | $2,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Light Of Hearts Villa Inc Bedford, OH | $9,144,420 | $3,630,164 |
Sacred Heart Villa Assisted Living Community Reading, PA | $2,656 | $2,071,500 |
Adult Congenital Heart Association Inc Media, PA | $1,775,522 | $2,125,476 |
Childrens Cardiomyopathy Foundation Inc Tenafly, NJ | $2,994,643 | $890,184 |
International Atherosclerosis Society Woodcliff Lake, NJ | $522,027 | $795,356 |
American Journal Of Hypertension Ltd New York, NY | $7,453,891 | $563,715 |
Foundation For Women And Girls With Blood Disorders Montclair, NJ | $1,570,346 | $760,033 |
Cardiovascular Institute Philadelphia, PA | $711,582 | $487,550 |
Sacred Heart Community Corporation Lyndhurst, OH | $894,461 | $513,336 |
Center For Vascular Awareness Inc Latham, NY | $3,489,182 | $633,176 |
Pakistan Childrens Heart Foundation North America Inc Scarsdale, NY | $608,851 | $962,859 |
Con Solatio Brooklyn, NY | $2,132,249 | $310,137 |