Whitemarsh Continuing Care Retirement Community

Nonprofit profile at a glance

EIN
830344521
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Lafayette Hill, PA, USA
Phone
2154028500
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$47,934,361
Expenses
$55,894,309
Assets
$271,464,285
Liabilities
$357,847,989

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

Leadership & pay

29 people listed

Executive titles in this filing

  • COREY EVANS (PRESIDENT/CEO (AS OF 01/24))

Highest reported compensation

  • JUDITH MCGRUTHER (STRATEGIC ADVISOR): $450,406 total reported compensation
  • PETER FLEMING (CHIEF OPERATING OFFICER): $378,985 total reported compensation
  • COREY EVANS (PRESIDENT/CEO (AS OF 01/24)): $371,382 total reported compensation

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

Overview

Mission

To provide quality residential and health care services to senior citizens in our surrounding communities to allow our residents to live as independent a lifestyle as possible with dignity and compassion.

What it reported doing in 2024

Whitemarsh continuing care retirement community owns and operates a continuing care retirement community which provides housing, health care, dining, wellness and related services and amenities to serve its 65 and older senior residents. The community is comprised of 213 apartment residences, 86 attached and detached single family homes, 60 skilled nursing rooms and 28 assisted living suites in the health center and dining and wellness facilities located on 96 acres in whitemarsh township, Pennsylvania. As of december 31, 2024, 286 of the apartments and single family homes were occupied. In addition, hill home services, llc provides non-skilled, private duty aide services to individuals in their homes.

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 74
  • Accountability: 97
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.5%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • 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: 94.7%; rating input score 95; 28th 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: -16.6%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 4.86; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 1.32; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.5% of spending went to programs
  • Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $49.5M in reported program spending
  • Leadership: top reported pay $450K · 29 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $22.8M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.