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Nonprofiteer
← NEWCOURTLAND ELDER SERVICE

Form 990 for tax year 2022

Filed by NEWCOURTLAND ELDER SERVICE.

Totals

Total revenue
$9,465,190
Total expenses
$17,549,571
Contributions and grants received
$4,724,853
Grants paid
$371,242
Program service revenue
$2,003,536
Investment income
$1,156,156
Other revenue
$1,580,645
Total assets, end of year
$121,466,001
Total liabilities, end of year
$130,259,998
Net assets or fund balances, end of year
-$8,793,997
Program services expenses (Part IX)
$1,483,142
Management and general expenses
$16,066,429
Fundraising expenses
$0
Program service expenses (Part III)
$1,483,142

Program services were 8.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $4,600,000

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $124,853

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Management Fees Affiliated

    total $1,769,301 · related or exempt $1,769,301 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Developer Fee

    total $121,477 · related or exempt $121,477 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Non Affiliated Management Fee

    total $112,758 · related or exempt $112,758 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,156,156 · related or exempt $647,739 · unrelated business $0 · excluded $508,417

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,554,561 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $1,554,561 · personal property $0

  • 6d · Net rental income or loss

    total $1,554,561 · related or exempt $221,324 · unrelated business $0 · excluded $1,333,237

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $12,690

  • 10b · Cost of goods sold

    $13,248

  • 10c · Net income from sales of inventory

    total -$558 · related or exempt -$558 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Credit Card Awards

    total $26,642 · related or exempt $26,642 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $26,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $371,242 · program services $371,242

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,266,770 · program services $0 · management and general $1,266,770 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $3,123,195 · program services $0 · management and general $3,123,195 · fundraising $0

  • 8 · Pension plan contributions

    total $302,926 · program services $0 · management and general $302,926 · fundraising $0

  • 9 · Other employee benefits

    total $691,510 · program services $0 · management and general $691,510 · fundraising $0

  • 10 · Payroll taxes

    total $295,663 · program services $0 · management and general $295,663 · fundraising $0

  • 11a · Fees: management

    total $1,079,249 · program services $422,203 · management and general $657,046 · fundraising $0

  • 11b · Fees: legal

    total $117,823 · program services $0 · management and general $117,823 · fundraising $0

  • 11c · Fees: accounting

    total $122,747 · program services $0 · management and general $122,747 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $275,652 · program services $0 · management and general $275,652 · fundraising $0

  • 13 · Office expenses

    total $70,371 · program services $0 · management and general $70,371 · fundraising $0

  • 14 · Information technology

    total $541,237 · program services $0 · management and general $541,237 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,069,729 · program services $0 · management and general $2,069,729 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $62,855 · program services $0 · management and general $62,855 · fundraising $0

  • 20 · Interest

    total $5,442,065 · program services $0 · management and general $5,442,065 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $473,890 · program services $0 · management and general $473,890 · fundraising $0

  • 23 · Insurance

    total $137,287 · program services $0 · management and general $137,287 · fundraising $0

  • 24a · Other expenses: Employee Relations/Training/Pre Employment Testing

    total $159,395 · program services $0 · management and general $159,395 · fundraising $0

  • 24b · Other expenses: Bank Fees

    total $167,663 · program services $0 · management and general $167,663 · fundraising $0

  • 24c · Other expenses: Payroll Services

    total $63,116 · program services $0 · management and general $63,116 · fundraising $0

  • 24d · Other expenses: Mission and Comfort & Joy

    total $689,697 · program services $689,697 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $25,489 · program services $0 · management and general $25,489 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,797,533 · end of year $6,129,523

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,972,045 · end of year $3,569,638

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $45,379,673 · end of year $45,221,803

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,072 · end of year $179,668

  • 10a · Land, buildings and equipment: cost or other basis

    $22,123,814

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,931,274

  • 10c · Land, buildings and equipment, net

    beginning of year $14,423,066 · end of year $14,192,540

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $2,639,304 · end of year $2,655,358

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $50,171,376 · end of year $49,517,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,931,169 · end of year $2,846,472

  • 18 · Grants payable

    beginning of year $2,397,698 · end of year $2,563,929

  • 24 · Unsecured notes and loans payable

    beginning of year $107,544,160 · end of year $126,360,625

  • 25 · Other liabilities

    beginning of year $5,960,200 · end of year -$1,511,028

  • 27 · Net assets without donor restrictions

    beginning of year $1,706,842 · end of year -$8,793,997

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Accelerate access to coordinated health, housing and social services for underserved populations. This is achieved through ongoing development of well trained and valued staff, investment in innovative solutions, and collaborations to build trust in the community.

  • Provides management, administrative and financial services to organizations that care for the elderly, homeless and veterans through a nursing home, assisted and independent living facilities, skilled nursing care and other elder care organizations. As of June 30, 2023 NewCourtland is the supporting organization for 18 affiliates that provide services and housing to the elderly in Philadelphia.

    Expenses $651,961 · Revenue $2,003,536

  • NewCourtland issued a grant payable to Just Listening

    Expenses $336,231

  • NewCourtland funded the rehabilitation of the Miriam Clinic on Tasker Street

    Expenses $18,947

  • NewCourtland provided care packages (food and toiletries) to Allegheny West Foundation. Care packages were distributed to the community.

    Expenses $476,003

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Duffey

    Chairman of the Board

    Total calculated
    $448,809
    From this org
    $368,702
    From related orgs
    $0
    Other
    $80,107
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $368,702
    Bonus
    $0
    Other
    $0
    Deferred
    $48,774
    Nontaxable benefits
    $31,333
    Filer's total
    $448,809

  • Michael DeMarco

    CFO

    Total calculated
    $328,775
    From this org
    $259,285
    From related orgs
    $0
    Other
    $69,490
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $259,285
    Bonus
    $0
    Other
    $0
    Deferred
    $41,639
    Nontaxable benefits
    $27,851
    Filer's total
    $328,775

  • Pamela Howard

    VP Health Services

    Total calculated
    $304,516
    From this org
    $0
    From related orgs
    $235,601
    Other
    $68,915
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $235,601
    Bonus
    $0
    Other
    $0
    Deferred
    $37,696
    Nontaxable benefits
    $31,218
    Filer's total
    $304,515

  • Robert Kent

    VP Operations & Plans

    Total calculated
    $302,355
    From this org
    $239,545
    From related orgs
    $0
    Other
    $62,810
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $239,545
    Bonus
    $0
    Other
    $0
    Deferred
    $38,327
    Nontaxable benefits
    $24,483
    Filer's total
    $302,355

  • Paul Funaro

    VP Utilization Management

    Total calculated
    $286,434
    From this org
    $220,004
    From related orgs
    $0
    Other
    $66,430
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $220,003
    Bonus
    $0
    Other
    $0
    Deferred
    $35,212
    Nontaxable benefits
    $31,218
    Filer's total
    $286,433

  • Kevin Stewart

    Director of IT

    Total calculated
    $194,963
    From this org
    $164,805
    From related orgs
    $0
    Other
    $30,158
    Hours/week
    35 + 5 related

  • Stephen Grim

    Director of Accounting & Asset Management

    Total calculated
    $160,046
    From this org
    $144,881
    From related orgs
    $0
    Other
    $15,165
    Hours/week
    20 + 20 related

  • John Ungar

    Corporate Counsel and Director of Planning

    Total calculated
    $154,900
    From this org
    $124,362
    From related orgs
    $0
    Other
    $30,538
    Hours/week
    20 + 20 related

  • Brenda Jackson

    Controller

    Total calculated
    $149,732
    From this org
    $121,302
    From related orgs
    $0
    Other
    $28,430
    Hours/week
    40 + 5 related

  • Aksana Kharko

    Controller - Housing

    Total calculated
    $125,018
    From this org
    $120,166
    From related orgs
    $0
    Other
    $4,852
    Hours/week
    0 + 40 related

  • Steve Mullin

    Treasurer

    Total calculated
    $71,661
    From this org
    $71,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Mary Naylor

    Secretary

    Total calculated
    $71,661
    From this org
    $71,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 39 related

  • Neil Pitts

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Andrew Seibert

    Assist. Secretary and Treasurer (Chief Financial Officer)

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
Officers and Board of Directors review executive/management compensation. A comparative analysis of salaries and benefits paid by other non-profit organizations in the area is prepared for this review. Independent compensation consultants are asked to assist in this review. In regards to top executive compensation, the independent and non-compensated Directors discuss privately and vote as a separate group on the compensation package to top executive management.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Just Listening

    $336,231

    Just Listening grant provides funds for operational and educational activities. Funding is used to support the development of JUST Listening Volunteer Projects that bring the practice of deep, relationship-based listening into prison and marginalized communities for personal and social transformation.

  • Miriam Medical Clinic

    $18,946

    To rehab the Miriam Medical Clinic at 2006 Tasker Street

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Cliveden Properties Inc

    Related · Affordable Housing for the Elderly · PA · 0.01% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland Apartments At Cliveden LP

    Related · Low Income Housing Tax Credit Apartments · PA · 99.9% owned

    Directly controlled by PNC Tax Credit Capital Institutional Fund 43 LP

  • NewCourtland Apartments at Allegheny LP

    Related · Affordable Housing for Elderly · PA · 99.9% owned

    Directly controlled by PNC Tax Credit Capital Institutional Fund 43 lp

  • Apartments at Allegheny Inc

    Related · Affordable Housing for Elderly · PA · 0.01% owned · general or managing partner

    Directly controlled by NewCourtland

  • Apartments at Allegheny II Inc

    Related · Affordable Housing for the Elderly · PA · 0.01% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland Apartments at Allegheny II LP

    Related · Low Income Housing Tax Credit Apartments · PA · 99.9% owned

    Directly controlled by PNC Tax Credit Capital Institutional Fund 43 LP

  • Apartments at Saint Bartholomew Inc

    Related · Affordable Housing - Low Income Seniors · PA · 0.01% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland Apartments at Saint Bartholomew LP

    Related · Low Income Housing Tax Credit Apartments · PA · 99.99% owned

    Directly controlled by Enterprise Housing Partners XXVIII

  • Apartments at Henry Avenue Inc

    Related · Low Income Senior Housing · PA · 0.009% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland Apartments at Henry Avenue LP

    Related · Low Income Senior Housing` · PA · 99.9% owned

    Directly controlled by PNC Tax Credit Capital

  • NewCourtland Apartments at Henry Ave 1B LP

    Related · Low Income Senior Housing · PA · 99.99% owned

    Directly controlled by PNC Tax Credit Capital

  • Apartments at Henry Ave 1B Inc

    Related · Affordable Housing - Low Income Seniors · PA · 0.009% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland at Henry Avenue LLC

    Related · Hold Land and Property · PA · 50% owned · general or managing partner

    Directly controlled by NewCourtland

  • NewCourtland at Pennypack LLC

    Related · Hold Land and Property · PA · 50% owned · general or managing partner

    Directly controlled by NewCourtland

  • Pilgrim Gardens Senior Housing LP

    Related · Low Income Senior Housing · PA · 73.98% owned

    Directly controlled by NewCourtland

  • NewCourtland at Burholme LLC

    Related · Low Income Senior Housing · PA · 0.01% owned · general or managing partner

    Directly controlled by NewCourtland

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349314249

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