Meadowood
Legal name: Meadowood Corporation
Nonprofit profile at a glance
- EIN
- 222229486
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Lansdale, PA, United States
- Phone
- (484) 998-4444
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $60,201,092
- Expenses
- $53,507,155
- Assets
- $167,635,250
- Liabilities
- $174,855,603
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- PAUL NORDEMAN (PRESIDENT/CEO)
Highest reported compensation
- PAUL NORDEMAN (PRESIDENT/CEO): $537,158 total reported compensation
- STEVEN WISNIEWSKI (VP OF FINANCE/CFO): $272,317 total reported compensation
- REGINA FARRELL (VP OF HEALTH CENTER): $263,497 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our Mission is to provide the highest quality of life for all who experience the Meadowood community.
What it reported doing in 2025
Meadowood corporation operates a continuing care retirement community which provides housing, healthcare, and other related services to seniors through the operation of a 59-bed nursing facility, a 73-bed personal care facility, 298 residential apartments, 42 carriage homes, 52 hybrid homes and a home health agency. The corporation's community is in worcester township, pa. Total resident days at the facility were as follows: skilled days of 19,071, assisted living days of 16,995, memory care days of 7,198 and independent living days of 154,132. Also, the home health agency made 1,548 visits during 2025.continued on schedule o.healthcare service - provide residents with physician care, physical therapy, speech therapy, occupational therapy, skilled nursing, personal care, activities, home health, and other related services. Maintenance and other services - provide general maintenance and service repairs to the center, including depreciation and interest expenses. Provide security, transportation, and other services as needed. Dining services - provide daily meals to residents, provide for special dietary needs of residents and special functions requested by residents. Provide coffee shop for residents, staff and guests.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 87
- Accountability: 96
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.3%; rating input score 82
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 26th 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: 11.1%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.13; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 1.04; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 47th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 82.3% of revenue deployed · 88.9% of spending went to programs
- Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $47.5M in reported program spending
- Leadership: top reported pay $537K · 24 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.