White Horse Village

What it reported doing in 2024

Located on nearly one hundred acres in newtown square, pa, white horse village offers a beautiful, tranquil setting surrounded by urban centers and nearby attractions, including neighboring ridley creek state park, longwood gardens, valley forge national historical park, king of prussia mall, and center city philadelphia. Residents enjoy an abundance of recreational opportunities with the convenience of many on-site services, from banking to salon, at their fingertips.white horse village is an active senior living community offering 331 independent residence options, and a two-story healthcare center featuring 55 private skilled nursing rooms, 48 personal care suites, and 20 private rooms in a memory support neighborhood. We are progressive in our thoughts and actions and passionate about leading the way in our approach to innovative and sustainable living. As a nonprofit organization, white horse village reinvests earnings back into the organization to further our mission and vision.white horse village inc. Provides care under life care contracts to approximately 500 adults, all over the age of 62. Under these contracts, white horse village inc. Provides housing, meals, utilities, maintenance, and certain medical services to these residents. As part of its efforts to support the surrounding community, whv has invited the residents of a neighboring 55 and over community to participate in whv's lifestyle and events. Whv collects a modest monthly fee from the 55 and over community and in exchange, its residents gain access to whv's wellness programs and outpatient clinic where they can receive medical treatment including vaccinations for covid19 and the flu.

Financial Efficiency

• Mission deployment rate: 70.1%; rating input score 70
• Program expense ratio: 81.1%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • 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: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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: 14.8%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 3.81; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings