Skip to content
Nonprofiteer
← OLD MANS HOME OF PHILADELPHIA

Form 990 for tax year 2023

Filed by OLD MANS HOME OF PHILADELPHIA.

Totals

Total revenue
$29,965
Total expenses
$902,886
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$29,965
Other revenue
$0
Total assets, end of year
$3,207,494
Total liabilities, end of year
$947,214
Net assets or fund balances, end of year
$2,260,280
Program services expenses (Part IX)
$380,824
Management and general expenses
$522,062
Fundraising expenses
$0
Program service expenses (Part III)
$380,824

Program services were 42.2% 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.

  • 3 · Investment income

    total $29,965 · excluded $29,965

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $17,117 · management and general $17,117

  • 11c · Fees: accounting

    total $8,198 · management and general $8,198

  • 11g · Fees: other

    total $380,824 · program services $380,824

  • 14 · Information technology

    total $63,720 · management and general $63,720

  • 23 · Insurance

    total $870 · management and general $870

  • 24a · Other expenses: ACCRUED LEGAL CONTINGEN

    total $425,000 · management and general $425,000

  • 24b · Other expenses: SUPPLIES

    total $5,781 · management and general $5,781

  • 24c · Other expenses: BANK FEES

    total $1,376 · management and general $1,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,027,236 · end of year $474,100

  • 4 · Accounts receivable

    beginning of year -$606,424 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $84,398 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,761,735 · end of year $20,677

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $7,430 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,418,561 · end of year $2,038,722

  • 13 · Investments: program-related

    beginning of year $1,291,857 · end of year $0

  • 15 · Other assets

    beginning of year $50,686 · end of year $673,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,996,294 · end of year $522,214

  • 19 · Deferred revenue

    beginning of year $16,672 · end of year $0

  • 25 · Other liabilities

    beginning of year $278,468 · end of year $425,000

  • 27 · Net assets without donor restrictions

    beginning of year -$9,131,610 · end of year $2,260,280

  • 28 · Net assets with donor restrictions

    beginning of year $12,875,655 · end of year $0

Mission and programs · 2023

Mission

PROVIDED SKILLED NURSING AND REHABILIATION SERVICES.

  • OUR MISSION TO BE A PREMIER SKILLED NURSING HOME OF CHOICE FOR SHORT-TERM REHABILITATION AND LONG-TERM CARE ON THE MAIN LINE. AS A NOT-FOR-PROFIT PROVIDER, OUR PURPOSE IS TO SERVE THE COMMUNITY BY PROVIDING QUALITY CARE AND SERVICES AND TO USE OUR RESOURCES IN A COST-EFFECTIVE AND COMMUNITY-RESPONSIVE MANNER. WE STRIVE TO ACCOMPLISH THIS IN AN ENVIRONMENT THAT IS RESPECTFUL OF RESIDENTS AND STAFF.THESE OPERATIONS WILL CONTINUE WITH A NEW OWNER. SAUNDERS HOUSE SOLD ITS FACILITIES TO A QUALIFIED BUYER. THE BUYER WILL CONTINUE THE MISSION OF PROVIDING CARE TO PHILADELPHIA SENIORS. THE PROCEEDS FROM THE SALE WERE USED TO FUND SAUNDERS HOUSE FOUNDATION WHOSE MISSION IS TO PROVIDE GRANTS TO ORGANIZATIONS PROVIDING SERVICES TO SENIORS.

    Expenses $380,824

As filed on the 2023 return.

Listed in Part VII

  • Tim Rubin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David R Dugery

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gordon Mott

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • A Louis Denton

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Paul Boston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Charles Breish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Elizabeth Rogan

    AICP

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rosella Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Fredericks

    PRESIDENT & CEO

    Total calculated
    $122,500
    From this org
    $0
    From related orgs
    $122,500
    Other
    $0
    Hours/week
    10 + 3 related

  • Mark Henry

    CFO

    Total calculated
    $287,778
    From this org
    $0
    From related orgs
    $287,778
    Other
    $0
    Hours/week
    10 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,778 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $287,778 related

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
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

PART I, LINE 3
THE ORGANIZATION USED CONVERGE, AN INDEPENDENT CONTRACTOR, TO CONDUCT A REVIEW OF KEY EMPLOYEE COMPENSATION WITH ASSISTANCE FROM COMPENSATION CONSULTING ALTERNATIVES, INC. THEY COMPILE AND ANALYZE DATA FROM SEVERAL HEALTHCARE SURVEY SOURCES. THIS DATA WAS PROVIDED TO THE BOARD CHAIR WHO REVIEWED IT, ASKED QUESTIONS, MADE A DECISION AND REVIEWED THAT DECISION WITH THE BOARD MEMBERS.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349305453

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.