Whitemarsh Continuing Care Retirement Community
- Assets
- $237.7m
- Revenue
- $39.3m
- Investments
- $0.0
- Employees
- 369
- Location
- Lafayette Hill, PA
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 83-0344521
Organization Overview
Whitemarsh Continuing Care Retirement Community is located in Lafayette Hill, PA. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Whitemarsh Continuing Care Retirement Community employed 369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitemarsh Continuing Care Retirement 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, Whitemarsh Continuing Care Retirement Community generated $39.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $46.2m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH, HONOR AND SUPPORT THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 213 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2021, 249 OF THE APARTMENTS AND SINGLE FAMILY HOMES WERE OCCUPIED. IN ADDITION, HILL HOME SERVICES, LLC PROVIDES NON-SKILLED, PRIVATE DUTY AIDE SERVICES TO INDIVIDUALS IN THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Mcgruther Chief Executive Officer | OfficerTrustee | 40 | $514,928 |
Peter Fleming Chief Operating Officer | Officer | 40 | $359,174 |
William Mccormick Chief Financial Officer | Officer | 40 | $306,978 |
Susan Mcmenamin Chief Human Resource Offic | Officer | 40 | $211,789 |
Corey Evans Director Of Healthcare | 40 | $186,004 | |
Christine Dwyer Sales/marketing Director | 40 | $185,733 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delran Builders Company Inc General Contractor | 12/30/21 | $3,650,669 |
Ctn Solutions Technology Consultants | 12/30/21 | $610,444 |
Finishing Edge Inc General Contractor | 12/30/21 | $1,252,224 |
Functional Pathways Therapy Provider | 12/30/21 | $670,962 |
Alltask Construction Llc General Contractor | 12/30/21 | $518,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,096,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,368,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,465,102 |
| Total Program Service Revenue | $35,221,970 |
| Investment income | $297,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,140 |
| Net Gain/Loss on Asset Sales | $33,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,315,037 |
| 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. | $1,478,345 |
| Compensation of current officers, directors, key employees. | $1,478,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,305,225 |
| Pension plan accruals and contributions | $276,592 |
| Other employee benefits | $1,145,938 |
| Payroll taxes | $1,105,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $223,664 |
| Fees for services: Accounting | $94,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,097 |
| Fees for services: Other | $735,751 |
| Advertising and promotion | $876,722 |
| Office expenses | $6,103,807 |
| Information technology | $480,888 |
| Royalties | $0 |
| Occupancy | $3,070,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,582 |
| Interest | $7,443,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,621,531 |
| Insurance | $807,695 |
| All other expenses | $134,351 |
| Total functional expenses | $46,214,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,220,654 |
| Savings and temporary cash investments | $1,011,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,846,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,069 |
| Prepaid expenses and deferred charges | $1,124,561 |
| Net Land, buildings, and equipment | $196,905,784 |
| Investments—publicly traded securities | $14,138,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,260,940 |
| Total assets | $237,675,792 |
| Accounts payable and accrued expenses | $4,858,912 |
| Grants payable | $0 |
| Deferred revenue | $152,671,325 |
| Tax-exempt bond liabilities | $137,067,218 |
| 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 | $4,132,690 |
| Other liabilities | $4,340,831 |
| Total liabilities | $303,070,976 |
| Net assets without donor restrictions | -$65,434,525 |
| Net assets with donor restrictions | $39,341 |
| 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 | $237,675,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Whitemarsh Continuing Care Retirement Community has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Healthshare Of Southeastern Pennsylvania Inc Philadelphia, PA PURPOSE: ACCESS TO CDR/TESTING OF ONBOARDING TO CDR-AMBULATORY 2020 | $10,000 |
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $7,000 |
Endowment Analysis
| Beg. Balance | $3,625 |
| Earnings | $25 |
| Ending Balance | $3,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maris Grove Inc Glen Mills, PA | $653,132,727 | $91,666,802 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
King Farm Presbyterian Retirement Rockville, MD | $301,432,870 | $34,783,503 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |