The Presbyterian Home at 58Th Street Inc

Nonprofit profile at a glance

EIN
231352513
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lafayette Hill, PA, USA
Phone
6108341001
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities
Affiliation
Christianity

Official website

Reported finances

Revenue
$526,224
Expenses
$25,453
Assets
$10,256,031
Liabilities
$58,608

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

Leadership & pay

16 people listed

Executive titles in this filing

  • JOHN H COCHRANE III (PRESIDENT/CHIEF EXECUTIVE OFFICER)
  • JENNIFER S KAPPEN (CHIEF EXECUTIVE - AFFORDABLE HOUSING)

Highest reported compensation

  • JOHN H COCHRANE III (PRESIDENT/CHIEF EXECUTIVE OFFICER): $1,566,593 total reported compensation
  • DANIEL OGUS (CHIEF OPERATING OFFICER): $1,147,903 total reported compensation
  • ANDREW MCDONALD (CHIEF FINANCIAL OFFICER): $758,654 total reported compensation

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

Overview

Mission

At humangood we believe everyone should have the opportunity to live with enthusiasm, confidence and security, regardless of physical, social, or economic circumstances. And when we say everyone, we mean everyone - including you. Because we believe this, our mission is to inspire your best life. We do that by working hand-in-hand to create experiences that matter to you.

What it reported doing in 2024

On september 15, 2011, the skilled nursing facility was closed. Through october 10, 2017, funding was used to maintain the existing building as the organization assessed how to assist the neediest and most vulnerable members of southwest philadelphia in a way that was consistent with the affordable housing communities on the 58th street campus. On october 11, 2017, the land and skilled nursing building were sold to witherspoon senior apartments, lp, an affiliate, to construct a 60 apartment low-income housing tax credit community on this site. The organization continues to provide support to humangood east, the parent organization, and the subsidiaries of the parent to continue to meet the housing needs of seniors.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and most filed governance safeguards are in place. 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: 0
  • Transparency & Controls: 60
  • Accountability: 65
  • Sustainability: 85
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 55.6%; rating input score 56; 12th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 95.2%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 402.94; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 2,691.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -27% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -15.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 5 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.6M · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 88 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.