Schoolyard Square
Nonprofit profile at a glance
- EIN
- 352508751
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Myerstown, PA, USA
- Phone
- 7178663233
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $436,255
- Expenses
- $548,154
- Assets
- $1,743,699
- Liabilities
- $4,619,521
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Steven J Reiter (President/CEO)
- Jill Smith (Board Vice President)
- Scott Artz (Board President)
Highest reported compensation
- Steven J Reiter (President/CEO): $489,942 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
MISSION Following Christs loving example, we will consistently provide responsive care, organizational flexibility, a well-trained, devoted team, and an appealling, secure residence within our continuing care retirement communities.
What it reported doing in 2024
Independent Living - Provide services and facilities to persons in need of an independent living level of care.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 80
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.7%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 20th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -25.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 3.18; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 2.65; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: -12% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -12% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -5.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
- Governance: 3 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $547K in reported program spending
- Leadership: top reported pay $490K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: 6 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: Operating margin scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.