Simpson Senior Services

Nonprofit profile at a glance

EIN
232948991
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Bala Cynwyd, PA, USA
Phone
6106600112
Rating
53
Verdict
MIXED
Rating confidence
Standard
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$4,696,346
Expenses
$4,804,503
Assets
$22,843,305
Liabilities
$15,506,165

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • CAROL MCKINLEY (PRESIDENT/CEO)

Highest reported compensation

  • CAROL MCKINLEY (PRESIDENT/CEO): $431,417 total reported compensation
  • KENNETH FRANIAK (CHIEF FINANCIAL OFFICER): $369,783 total reported compensation
  • PATRICIA LAMOREUX (VP OF HUMAN RESOURCES): $249,756 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Simpson senior services is dedicated to meeting the needs of an aging community. Through careful oversight, this organization will assure that each of its communities strives to deliver the highest quality of services. (continued on schedule o).the organization ensures that quality services will be delivered with a sense of warmth, friendliness, individual pride, and integrity. We are committed to a system-wide operation that offers all residents and staff opportunities for personal growth and spiritual enrichment.

What it reported doing in 2024

Simpson senior services is a nonprofit organization which develops and manages campus communities for senior adults. On an equal opportunity basis, each community strives to deliver the highest quality of service with a sense of warmth, friendliness, individual pride, and integrity. The communities include: simpson house, simpson meadows, jenner's pond, simpson mid-town, and simpson gardens i & ii. Accommodations and care vary depending upon the campus and may include independent living cottages and apartments, assisted living, personal care, skilled nursing, as well as subsidized housing for moderate to low-income seniors.(continued on schedule o)available services also vary depending upon the campus and may include dining services, housekeeping, laundry, transportation, as well as activities such as: exercise classes, musical programs and performances, day and overnight trips, health and wellness programs, and hand arts. The communities and campuses of simpson senior services are committed to the betterment of residents, staff, and the communities at large and offer residents and staff opportunities for personal growth and spiritual enrichment. Each campus benefits from the commitment and service of community and resident volunteers. The communities strive to provide services and care to residents even if they outlive their financial resources. The communities offer tuition assistance to eligible employees in support of continuing education. Provide work sites for clinical and hands-on education and training, make space available for community organizations and groups, promote staff and resident volunteerism in the community, and make contributions to local community organizations.

Operating model

Revenue model
Earned-program. 92% 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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 10
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.6%; rating input score 11
  • Program expense ratio: 11%; rating input score 11
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 21st 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: -2.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 4.75; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 37.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -8.9% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 20.2% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 10.6% of revenue deployed · 11% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $530K in reported program spending
  • Leadership: top reported pay $431K · 16 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.7M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 16 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 — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Financial Efficiency: Program expense ratio scored 11/100.
  • High — Financial Efficiency: Fundraising efficiency scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.