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Nonprofiteer
← FAHRNEY KEEDY SENIOR LIVING COMMUNITY

Form 990 for tax year 2023

Filed by FAHRNEY KEEDY SENIOR LIVING COMMUNITY.

Totals

Total revenue
$24,840,421
Total expenses
$28,236,704
Contributions and grants received
$1,249,926
Grants paid
$1,050
Program service revenue
$23,588,577
Investment income
$1,728
Other revenue
$190
Total assets, end of year
$43,535,741
Total liabilities, end of year
$30,285,516
Net assets or fund balances, end of year
$13,250,225
Program services expenses (Part IX)
$23,897,935
Management and general expenses
$4,210,722
Fundraising expenses
$128,047
Program service expenses (Part III)
$23,897,935

Program services were 84.6% 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.

  • 1c · Fundraising events

    $32,562

  • 1e · Government grants (contributions)

    $268,609

  • 1f · All other contributions, gifts and grants

    $948,755

  • 2a · Program service revenue: PATIENT SERVICE

    total $21,586,459 · related or exempt $21,586,459

  • 2b · Program service revenue: RESIDENT SERVICES

    total $879,641 · related or exempt $879,641

  • 2c · Program service revenue: INDEPENDENT LIVING

    total $594,042 · related or exempt $594,042

  • 2d · Program service revenue: AMORTIZATION OF ENTRANCE FEES

    total $528,435 · related or exempt $528,435

  • 3 · Investment income

    total $4,435 · excluded $4,435

  • 7b · Less cost or other basis and sales expenses

    other assets $2,707

  • 7c · Gain or loss

    other assets -$2,707

  • 7d · Net gain or loss

    total -$2,707 · related or exempt -$2,707

  • 8a · Fundraising events: gross income

    $11,376

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

    $32,562

  • 8b · Fundraising events: direct expenses

    $11,186

  • 8c · Net income from fundraising events

    total $190 · excluded $190

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,050 · program services $1,050

  • 5 · Compensation of officers, directors and key employees

    total $521,764 · program services $174,468 · management and general $329,568 · fundraising $17,728

  • 7 · Other salaries and wages

    total $14,002,067 · program services $12,897,139 · management and general $1,019,595 · fundraising $85,333

  • 8 · Pension plan contributions

    total $91,381 · program services $80,150 · management and general $8,919 · fundraising $2,312

  • 9 · Other employee benefits

    total $1,417,340 · program services $1,286,976 · management and general $119,600 · fundraising $10,764

  • 10 · Payroll taxes

    total $1,061,217 · program services $956,117 · management and general $97,564 · fundraising $7,536

  • 11b · Fees: legal

    total $23,400 · management and general $23,400

  • 11c · Fees: accounting

    total $77,475 · management and general $77,475

  • 11g · Fees: other

    total $3,225,699 · program services $2,531,535 · management and general $694,164

  • 12 · Advertising and promotion

    total $104,321 · program services $1,954 · management and general $101,443 · fundraising $924

  • 13 · Office expenses

    total $1,205,988 · program services $482,049 · management and general $722,865 · fundraising $1,074

  • 14 · Information technology

    total $223,587 · management and general $223,587

  • 16 · Occupancy

    total $1,208,011 · program services $1,166,398 · management and general $41,613

  • 17 · Travel

    total $25,590 · program services $25,327 · management and general $263

  • 19 · Conferences, conventions and meetings

    total $39,447 · program services $5,079 · management and general $34,368

  • 20 · Interest

    total $561,651 · program services $561,651

  • 22 · Depreciation, depletion and amortization

    total $1,628,563 · program services $1,628,563

  • 23 · Insurance

    total $355,877 · management and general $355,877

  • 24a · Other expenses: FOOD COSTS

    total $698,641 · program services $698,641

  • 24b · Other expenses: PHARMACY & DRUG COSTS

    total $580,955 · program services $580,955

  • 24c · Other expenses: MEDICAL/PATIENT SUPPLIES

    total $456,970 · program services $456,970

  • 24d · Other expenses: MISCELLANEOUS

    total $199,128 · program services $899 · management and general $198,229

  • 24e · All other expenses

    total $526,582 · program services $362,014 · management and general $162,192 · fundraising $2,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,006 · end of year $354,690

  • 2 · Savings and temporary cash investments

    beginning of year $992,833 · end of year $713,701

  • 3 · Pledges and grants receivable

    beginning of year $1,215,956 · end of year $180,753

  • 4 · Accounts receivable

    beginning of year $2,174,568 · end of year $3,461,482

  • 8 · Inventories for sale or use

    beginning of year $11,322 · end of year $12,003

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,557 · end of year $90,970

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

    $53,375,944

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

    $24,802,796

  • 10c · Land, buildings and equipment, net

    beginning of year $27,713,984 · end of year $28,573,148

  • 15 · Other assets

    beginning of year $8,788,315 · end of year $10,148,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,437,169 · end of year $3,350,879

  • 19 · Deferred revenue

    beginning of year $4,663,486 · end of year $5,702,493

  • 23 · Secured mortgages and notes payable

    beginning of year $17,702,210 · end of year $19,426,269

  • 25 · Other liabilities

    beginning of year $1,150,921 · end of year $1,805,875

  • 27 · Net assets without donor restrictions

    beginning of year $9,448,627 · end of year $5,803,068

  • 28 · Net assets with donor restrictions

    beginning of year $5,874,128 · end of year $7,447,157

Mission and programs · 2023

Mission

WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 41 INDEPENDENT LIVING COTTAGES, 24 INDEPENDENT LIVING APARTMENTS, 50 ASSISTED LIVING BEDS, AND A 98 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. IN OCTOBER 2022, THE ORGANIZATION ACQUIRED COFFMAN NURSING HOME, INC. LOCATED IN HAGERSTOWN MARYLAND. COFFMAN IS A 59 BED FACILITY AND PROVIDES SKILLED NURSING CARE AND REHABILITATION SERVICES FOR RESIDENTS.

  • NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS.

    Expenses $12,714,789 · Revenue $16,713,741

  • ASSISTED LIVING SERVICES.

    Expenses $2,624,191 · Revenue $4,872,718

  • INDEPENDENT LIVING SERVICES.

    Expenses $891,236 · Revenue $1,122,477

  • ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, ADULT DAY CARE, AND PROPERTY SERVICES. EXPENSES BY PROGRAM ARE AS FOLLOWS: ROUTINE SERVICES - 4,729,790 CAPITAL AND PROPERTY SERVICES - 1,609,450 OTHER PATIENT CARE - 677,050 (INCLUDES GRANTS OF 1,050) ADULT DAY CARE - 454,539 STAFF DEVELOPMENT - 196,890

    Expenses $7,667,719 · Grants $1,050 · Revenue $879,641

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Coetzee

    PRESIDENT/CE

    Total calculated
    $216,092
    From this org
    $200,865
    From related orgs
    $0
    Other
    $15,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,865
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,114
    Nontaxable benefits
    $9,113
    Filer's total
    $216,092

  • Tara Delauney

    LPN

    Total calculated
    $167,207
    From this org
    $161,178
    From related orgs
    $0
    Other
    $6,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,178
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,863
    Nontaxable benefits
    $1,166
    Filer's total
    $167,207

  • Julia McGlaughlin

    EXECUTIVE DI

    Total calculated
    $149,210
    From this org
    $144,593
    From related orgs
    $0
    Other
    $4,617
    Hours/week
    40

  • Christopher Stockslager

    FORMER CFO

    Total calculated
    $131,666
    From this org
    $119,598
    From related orgs
    $0
    Other
    $12,068
    Hours/week
    40

  • Amber Ruper

    DIRECTOR OF

    Total calculated
    $128,197
    From this org
    $108,063
    From related orgs
    $0
    Other
    $20,134
    Hours/week
    40

  • Christina Wright

    GNA

    Total calculated
    $122,649
    From this org
    $118,328
    From related orgs
    $0
    Other
    $4,321
    Hours/week
    40

  • Sandra Hendricks

    DIRECTOR OF

    Total calculated
    $121,984
    From this org
    $109,636
    From related orgs
    $0
    Other
    $12,348
    Hours/week
    40

  • Elisa Dalupang

    PHYSICAL THE

    Total calculated
    $115,568
    From this org
    $110,773
    From related orgs
    $0
    Other
    $4,795
    Hours/week
    40

  • Cassie Oclair

    SEC/ASST ADM

    Total calculated
    $23,650
    From this org
    $23,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Karen Anthony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Bowman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wayne Brill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jackie Draper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Eichelberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Aaron George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sue Graff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathy Harple

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tyler Hornbecker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Lyles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melinda Malott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Mosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deb Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kerri Semler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dorothy Strawsburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Starla Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 · 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.0
Source object
202432689349300013

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