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Nonprofiteer
← NEWCOURTLAND ELDER SERVICE

Form 990 for tax year 2023

Filed by NEWCOURTLAND ELDER SERVICE.

Totals

Total revenue
$11,018,055
Total expenses
$19,838,770
Contributions and grants received
$4,666,780
Grants paid
$178,070
Program service revenue
$3,582,459
Investment income
$1,033,636
Other revenue
$1,735,180
Total assets, end of year
$113,924,251
Total liabilities, end of year
$142,010,151
Net assets or fund balances, end of year
-$28,085,900
Program services expenses (Part IX)
$1,144,324
Management and general expenses
$18,694,446
Fundraising expenses
$0
Program service expenses (Part III)
$1,144,324

Program services were 5.8% 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

    $66,780

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Management Fee Affiliated

    total $1,849,867 · related or exempt $1,849,867 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Developer Fee

    total $1,613,943 · related or exempt $1,613,943 · unrelated business $0 · excluded $0

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

    total $118,649 · related or exempt $118,649 · 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 $1,033,636 · related or exempt $340,887 · unrelated business $0 · excluded $692,749

  • 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 $1,692,334 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $1,692,334 · personal property $0

  • 6d · Net rental income or loss

    total $1,692,334 · related or exempt $750,917 · unrelated business $0 · excluded $941,417

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 10a · Gross sales of inventory

    $3,415

  • 10b · Cost of goods sold

    $3,221

  • 10c · Net income from sales of inventory

    total $194 · related or exempt $194 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Wells Fargo Credit Card Rewards

    total $23,985 · related or exempt $23,985 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $18,667 · related or exempt $18,667 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $42,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $178,070 · program services $178,070

  • 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 $1,298,240 · program services $0 · management and general $1,298,240 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $3,526,159 · program services $0 · management and general $3,526,159 · fundraising $0

  • 8 · Pension plan contributions

    total $303,404 · program services $0 · management and general $303,404 · fundraising $0

  • 9 · Other employee benefits

    total $444,628 · program services $0 · management and general $444,628 · fundraising $0

  • 10 · Payroll taxes

    total $332,030 · program services $0 · management and general $332,030 · fundraising $0

  • 11a · Fees: management

    total $872,372 · program services $498,759 · management and general $373,613 · fundraising $0

  • 11b · Fees: legal

    total $98,559 · program services $0 · management and general $98,559 · fundraising $0

  • 11c · Fees: accounting

    total $210,024 · program services $0 · management and general $210,024 · 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 $375,042 · program services $0 · management and general $375,042 · fundraising $0

  • 13 · Office expenses

    total $40,879 · program services $0 · management and general $40,879 · fundraising $0

  • 14 · Information technology

    total $419,806 · program services $0 · management and general $419,806 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $1,844,463 · program services $0 · management and general $1,844,463 · 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 $70,048 · program services $0 · management and general $70,048 · fundraising $0

  • 20 · Interest

    total $8,242,458 · program services $0 · management and general $8,242,458 · fundraising $0

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $399,099 · program services $0 · management and general $399,099 · fundraising $0

  • 23 · Insurance

    total $149,747 · program services $0 · management and general $149,747 · fundraising $0

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

    total $75,507 · program services $0 · management and general $75,507 · fundraising $0

  • 24b · Other expenses: Bank Fees

    total $152,153 · program services $0 · management and general $152,153 · fundraising $0

  • 24c · Other expenses: Payroll Services

    total $69,576 · program services $0 · management and general $69,576 · fundraising $0

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

    total $467,495 · program services $467,495 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $269,011 · program services $0 · management and general $269,011 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,129,523 · end of year $5,824,217

  • 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 $3,569,638 · end of year $4,686,967

  • 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 $45,221,803 · end of year $45,794,453

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $179,668 · end of year $161,506

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

    $21,850,940

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

    $8,026,518

  • 10c · Land, buildings and equipment, net

    beginning of year $14,192,540 · end of year $13,824,422

  • 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 $2,655,358 · end of year $2,763,036

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $49,517,471 · end of year $40,869,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,846,472 · end of year $2,870,137

  • 18 · Grants payable

    beginning of year $2,563,929 · end of year $1,000,000

  • 24 · Unsecured notes and loans payable

    beginning of year $126,360,625 · end of year $139,333,429

  • 25 · Other liabilities

    beginning of year -$1,511,028 · end of year -$1,193,415

  • 27 · Net assets without donor restrictions

    beginning of year -$8,793,997 · end of year -$28,085,900

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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, 2024 NewCourtland is the supporting organization for 19 affiliates that provide services and housing to the elderly in Philadelphia.

    Expenses $1,072,356 · Revenue $3,582,460

  • NewCourtland issued a grant payable to Allegheny West Foundation

    Expenses $71,968

  • 0

As filed on the 2023 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
    $478,953
    From this org
    $394,445
    From related orgs
    $0
    Other
    $84,508
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $394,445
    Bonus
    $0
    Other
    $0
    Deferred
    $51,705
    Nontaxable benefits
    $32,803
    Filer's total
    $478,953

  • Michael DeMarco

    CFO

    Total calculated
    $334,298
    From this org
    $267,089
    From related orgs
    $0
    Other
    $67,209
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $267,089
    Bonus
    $0
    Other
    $0
    Deferred
    $42,725
    Nontaxable benefits
    $24,483
    Filer's total
    $334,297

  • Pamela Howard

    VP Health Services

    Total calculated
    $312,737
    From this org
    $242,696
    From related orgs
    $0
    Other
    $70,041
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $242,696
    Bonus
    $0
    Other
    $0
    Deferred
    $38,823
    Nontaxable benefits
    $31,218
    Filer's total
    $312,737

  • Robert Kent

    VP Operations & Plans

    Total calculated
    $310,714
    From this org
    $246,758
    From related orgs
    $0
    Other
    $63,956
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $246,758
    Bonus
    $0
    Other
    $0
    Deferred
    $39,472
    Nontaxable benefits
    $24,483
    Filer's total
    $310,713

  • Paul Funaro

    VP Utilization Management

    Total calculated
    $295,347
    From this org
    $226,430
    From related orgs
    $0
    Other
    $68,917
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $226,430
    Bonus
    $0
    Other
    $0
    Deferred
    $36,313
    Nontaxable benefits
    $32,603
    Filer's total
    $295,346

  • Kevin Stewart

    Director of IT

    Total calculated
    $209,368
    From this org
    $177,084
    From related orgs
    $0
    Other
    $32,284
    Hours/week
    35 + 5 related

  • Stephen Grim

    Director of Accounting & Asset Management

    Total calculated
    $169,900
    From this org
    $145,232
    From related orgs
    $0
    Other
    $24,668
    Hours/week
    20 + 20 related

  • John Ungar

    Corporate Counsel and Director of Planning

    Total calculated
    $161,353
    From this org
    $132,003
    From related orgs
    $0
    Other
    $29,350
    Hours/week
    20 + 20 related

  • Brian Bendler

    Director of Maintenance

    Total calculated
    $155,855
    From this org
    $126,664
    From related orgs
    $0
    Other
    $29,191
    Hours/week
    5 + 35 related

  • Alison Corter

    Director of Business Development

    Total calculated
    $137,171
    From this org
    $131,899
    From related orgs
    $0
    Other
    $5,272
    Hours/week
    40

  • Steve Mullin

    Treasurer

    Total calculated
    $73,811
    From this org
    $73,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 3 related

  • Mary Naylor

    Secretary

    Total calculated
    $73,811
    From this org
    $73,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 3 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
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

  • Allegheny West Foundation

    $71,968

    Allegheny West Foundation grant provides operational funding for food acquisition for individuals experiencing food insecurity in North Philadelphia.

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

  • NewCourtland Apartments at St Bartholomew Phase 2 LP

    Related · Low Income Housing Tax Credit Apartments · PA · 99.99% owned · share of income $0 · share of assets $0

    Directly controlled by RBC-NewCourtland at St Bart II LLC

  • Apartments at St Barts Phase II Inc

    Related · Affordable Housing - Low Income Seniors · PA · 0.009% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by NewCourtlnad

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349307548

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