Heron Point of Chestertown Inc

Nonprofit profile at a glance

EIN
521530598
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Fort Washington, PA, USA
Phone
2156618330
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$18,601,261
Expenses
$17,157,526
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • GERALD T GRANT (CEO & VICE CHAIRMAN)
  • KAREN I CHRISTIANSEN (PRESIDENT & CHAIRMAN)

Highest reported compensation

  • GERALD T GRANT (CEO & VICE CHAIRMAN): $1,360,520 total reported compensation
  • GLENN D FOX (SECRETARY): $824,418 total reported compensation
  • KAREN I CHRISTIANSEN (PRESIDENT & CHAIRMAN): $805,791 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As an acts retirement-life community, heron point of chestertown, inc. Is committed to providing security and peace of mind to seniors by being the pre-eminent provider of retirement-life services, responsive to individual, social, personal, health and spiritual needs in a christian atmosphere graced with loving-kindness, dignity, sensitivity, honesty, and respect without prejudice or preference.

What it reported doing in 2022

Heron point of chestertown, inc. Provided comprehensive life care services to senior adults aged 62 and older that included independent living housing, dining and nutritional services, pastoral services, security, housekeeping, maintenance services and social, cultural, educational, spiritual and recreational activities. In addition, when a resident's health care needed change, home health, assisted living, skilled nursing care and hospice services were available. All physical accommodations and services were provided under the terms of a formal lifecare agreement which also assured that assisted living and skilled nursing care were provided to residents when they needed it, without a change in their monthly fee, thereby offering further security and peace of mind. In 2022, heron point of chestertown, inc. Served, on average, 253 residents in independent living, 26 residents in assisted living and 26 residents in skilled care.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 65
  • Accountability: 83
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.8%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 10.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: -1.8% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 87.1% of spending went to programs
  • Governance: 5 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14.9M in reported program spending
  • Leadership: top reported pay $1.4M · 16 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.