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Nonprofiteer
← FAHRNEY KEEDY SENIOR LIVING COMMUNITY

Form 990 for tax year 2024

Filed by FAHRNEY KEEDY SENIOR LIVING COMMUNITY.

Totals

Total revenue
$27,222,287
Total expenses
$29,386,564
Contributions and grants received
$672,357
Grants paid
$0
Program service revenue
$26,297,815
Investment income
$243,360
Other revenue
$8,755
Total assets, end of year
$42,423,856
Total liabilities, end of year
$30,392,589
Net assets or fund balances, end of year
$12,031,267
Program services expenses (Part IX)
$25,131,935
Management and general expenses
$4,124,634
Fundraising expenses
$129,995
Program service expenses (Part III)
$25,131,935

Program services were 85.5% 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.

  • 1c · Fundraising events

    $30,789

  • 1f · All other contributions, gifts and grants

    $641,568

  • 2a · Program service revenue: PATIENT SERVICE

    total $24,214,736 · related or exempt $24,214,736

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

    total $1,113,320 · related or exempt $1,113,320

  • 2c · Program service revenue: INDEPENDENT LIVING

    total $504,336 · related or exempt $504,336

  • 2d · Program service revenue: RESIDENT SERVICES

    total $465,423 · related or exempt $465,423

  • 3 · Investment income

    total $243,360 · excluded $243,360

  • 8a · Fundraising events: gross income

    $13,930

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

    $30,789

  • 8b · Fundraising events: direct expenses

    $10,670

  • 8c · Net income from fundraising events

    total $3,260 · excluded $3,260

  • 9a · Gaming: gross income

    $8,408

  • 9b · Gaming: direct expenses

    $2,913

  • 9c · Net income from gaming

    total $5,495 · excluded $5,495

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $393,598 · program services $171,817 · management and general $210,313 · fundraising $11,468

  • 7 · Other salaries and wages

    total $13,659,273 · program services $12,522,654 · management and general $1,057,746 · fundraising $78,873

  • 8 · Pension plan contributions

    total $124,948 · program services $103,680 · management and general $18,748 · fundraising $2,520

  • 9 · Other employee benefits

    total $1,316,741 · program services $1,101,087 · management and general $206,110 · fundraising $9,544

  • 10 · Payroll taxes

    total $1,038,619 · program services $935,602 · management and general $95,909 · fundraising $7,108

  • 11b · Fees: legal

    total $57,600 · management and general $57,600

  • 11c · Fees: accounting

    total $119,642 · management and general $119,642

  • 11g · Fees: other

    total $5,256,213 · program services $4,438,545 · management and general $817,668

  • 12 · Advertising and promotion

    total $43,419 · program services $10 · management and general $42,711 · fundraising $698

  • 13 · Office expenses

    total $774,876 · program services $217,360 · management and general $557,486 · fundraising $30

  • 14 · Information technology

    total $338,437 · program services $5,904 · management and general $328,635 · fundraising $3,898

  • 16 · Occupancy

    total $686,982 · program services $684,284 · management and general $2,698

  • 17 · Travel

    total $31,472 · program services $31,336 · management and general $136

  • 19 · Conferences, conventions and meetings

    total $61,979 · program services $17,355 · management and general $28,869 · fundraising $15,755

  • 20 · Interest

    total $821,096 · program services $821,073 · management and general $23

  • 22 · Depreciation, depletion and amortization

    total $1,895,636 · program services $1,895,636

  • 23 · Insurance

    total $476,902 · management and general $476,902

  • 24a · Other expenses: MEDICAL/PATIENT SUPPLIES

    total $589,693 · program services $588,255 · management and general $1,438

  • 24b · Other expenses: PHARMACY & DRUG COSTS

    total $558,597 · program services $558,597

  • 24c · Other expenses: BAD DEBTS

    total $436,120 · program services $436,120

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $274,439 · program services $274,336 · management and general $103

  • 24e · All other expenses

    total $430,282 · program services $328,284 · management and general $101,897 · fundraising $101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,690 · end of year $225,568

  • 2 · Savings and temporary cash investments

    beginning of year $713,701 · end of year $1,076,900

  • 3 · Pledges and grants receivable

    beginning of year $180,753 · end of year $136,444

  • 4 · Accounts receivable

    beginning of year $3,461,482 · end of year $3,205,264

  • 8 · Inventories for sale or use

    beginning of year $12,003 · end of year $38,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,970 · end of year $106,555

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

    $53,592,834

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

    $26,689,268

  • 10c · Land, buildings and equipment, net

    beginning of year $28,573,148 · end of year $26,903,566

  • 15 · Other assets

    beginning of year $10,148,994 · end of year $10,730,951

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,350,879 · end of year $4,496,776

  • 19 · Deferred revenue

    beginning of year $5,702,493 · end of year $5,264,145

  • 23 · Secured mortgages and notes payable

    beginning of year $19,426,269 · end of year $20,127,868

  • 25 · Other liabilities

    beginning of year $1,805,875 · end of year $503,800

  • 27 · Net assets without donor restrictions

    beginning of year $5,803,068 · end of year $4,191,780

  • 28 · Net assets with donor restrictions

    beginning of year $7,447,157 · end of year $7,839,487

Mission and programs · 2024

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 $13,724,273 · Revenue $19,296,162

  • ASSISTED LIVING SERVICES.

    Expenses $2,075,684 · Revenue $4,918,574

  • INDEPENDENT LIVING SERVICES.

    Expenses $721,285 · Revenue $1,617,656

  • 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 - 5,215,913 CAPITAL AND PROPERTY SERVICES - 2,147,734 OTHER PATIENT CARE - 736,419 ADULT DAY CARE - 384,575 STAFF DEVELOPMENT - 126,052

    Expenses $8,610,693 · Revenue $465,423

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN COETZEE

    PRESIDENT/CE

    Total calculated
    $229,364
    From this org
    $202,915
    From related orgs
    $0
    Other
    $26,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,915
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,089
    Nontaxable benefits
    $18,360
    Filer's total
    $229,364

  • TARA DELAUNEY

    LPN NURSE MA

    Total calculated
    $164,234
    From this org
    $158,341
    From related orgs
    $0
    Other
    $5,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,341
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,727
    Nontaxable benefits
    $1,166
    Filer's total
    $164,234

  • CHARLES SULUREH

    GNA

    Total calculated
    $142,759
    From this org
    $134,805
    From related orgs
    $0
    Other
    $7,954
    Hours/week
    40

  • SANDRA HENDRICKS

    DON

    Total calculated
    $137,076
    From this org
    $114,280
    From related orgs
    $0
    Other
    $22,796
    Hours/week
    40

  • BRANDY BRADY

    LPN NURSE MA

    Total calculated
    $122,366
    From this org
    $114,732
    From related orgs
    $0
    Other
    $7,634
    Hours/week
    40

  • JULIA MCGLAUGHLIN

    FMR EXEC DIR

    Total calculated
    $121,292
    From this org
    $117,858
    From related orgs
    $0
    Other
    $3,434
    Hours/week
    40

  • YEAKO MENYEN

    GNA

    Total calculated
    $116,451
    From this org
    $115,873
    From related orgs
    $0
    Other
    $578
    Hours/week
    40

  • CHARLES ANGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KAREN ANTHONY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HEATHER BARNES

    VP FINANCE

    Total calculated
    $0
    Hours/week
    40

  • MARY BOWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA BUSSARD

    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

  • LESLIE HART

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TYLER HORNBECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID LYLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHY MORRISEY

    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

  • 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
2024
Filed
29 October 2025
IRS schema version
2024v5.0
Source object
202503079349302470

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