Civic Intelligence

Sjf Ccrc Inc.

990 • Fiscal year 2016 • EIN 22-3701092

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

1110 Laurel Oak RoadVoorhees, NJ 08043

(856) 679-2211

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

3.96x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$292,424

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

22nd percentile

-3.1%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-0.2%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$102,331,665

Down $3,298,673 (-3.1%) from 2015

Net Assets

Down

-$2,109,796

Down $2,396,035 (-837%) from 2015

Liabilities

Down

$104,441,461

Down $902,638 (-0.9%) from 2015

Revenue

Down

$26,407,383

Down $41,554 (-0.2%) from 2015

Expenses

Down

$29,512,382

Down $127,489 (-0.4%) from 2015

Net Income

Up

-$3,104,999

Up $85,935 (+2.7%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0-$50MAssets 2010: $106,731,969Liabilities 2010: $92,689,591Net Assets 2010: $14,042,3782010Assets 2011: $105,435,406Liabilities 2011: $92,338,073Net Assets 2011: $13,097,3332011Assets 2012: $113,781,794Liabilities 2012: $101,897,254Net Assets 2012: $11,884,5402012Assets 2013: $110,147,625Liabilities 2013: $100,445,442Net Assets 2013: $9,702,1832013Assets 2014: $110,466,345Liabilities 2014: $106,410,444Net Assets 2014: $4,055,9012014Assets 2015: $105,630,338Liabilities 2015: $105,344,099Net Assets 2015: $286,2392015Assets 2016: $102,331,665Liabilities 2016: $104,441,461Net Assets 2016: -$2,109,7962016Assets 2017: $104,703,652Liabilities 2017: $107,107,928Net Assets 2017: -$2,404,2762017Assets 2018: $103,290,944Liabilities 2018: $108,532,425Net Assets 2018: -$5,241,4812018Assets 2019: $101,732,354Liabilities 2019: $106,537,705Net Assets 2019: -$4,805,3512019Assets 2020: $99,490,294Liabilities 2020: $102,550,964Net Assets 2020: -$3,060,6702020Assets 2021: $105,324,676Liabilities 2021: $98,929,902Net Assets 2021: $6,394,7742021Assets 2022: $99,769,719Liabilities 2022: $98,856,640Net Assets 2022: $913,0792022Assets 2023: $101,002,434Liabilities 2023: $99,700,395Net Assets 2023: $1,302,0392023Assets 2024: $103,043,005Liabilities 2024: $102,456,644Net Assets 2024: $586,3612024

Highlighted filing

2016

Assets$102,331,665
Liabilities$104,441,461
Net Assets-$2,109,796

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $21,005,1772010Expenses 2011: $21,570,1082011Revenue 2012: $20,924,814Expenses 2012: $22,172,247Net Income 2012: -$1,247,4332012Revenue 2013: $23,890,081Expenses 2013: $26,663,861Net Income 2013: -$2,773,7802013Revenue 2014: $23,651,844Expenses 2014: $29,232,521Net Income 2014: -$5,580,6772014Revenue 2015: $26,448,937Expenses 2015: $29,639,871Net Income 2015: -$3,190,9342015Revenue 2016: $26,407,383Expenses 2016: $29,512,382Net Income 2016: -$3,104,9992016Revenue 2017: $27,922,238Expenses 2017: $29,231,317Net Income 2017: -$1,309,0792017Revenue 2018: $28,886,857Expenses 2018: $29,765,034Net Income 2018: -$878,1772018Revenue 2019: $29,726,702Expenses 2019: $30,593,541Net Income 2019: -$866,8392019Revenue 2020: $32,408,337Expenses 2020: $31,467,489Net Income 2020: $940,8482020Revenue 2021: $30,989,570Expenses 2021: $32,577,428Net Income 2021: -$1,587,8582021Revenue 2022: $33,909,485Expenses 2022: $35,741,154Net Income 2022: -$1,831,6692022Revenue 2023: $36,254,943Expenses 2023: $38,251,890Net Income 2023: -$1,996,9472023Revenue 2024: $39,652,378Expenses 2024: $41,803,743Net Income 2024: -$2,151,3652024

Highlighted filing

2016

Revenue$26,407,383
Expenses$29,512,382
Net Income-$3,104,999
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$28,835,322
Mission and Program Overview

Mission

Sjf-ccrc, inc., a non-profit agency, is committed to providing the benefits of quality housing and compassionate healthcare services to senior residents and their families. Our community based housing creates a dignified and respectful environment consistent with jewish values. Through collaborative partnerships, we honor our seniors and strive to offer them excellent programs to enhance their social, cultural and spiritual well-being.

Continuing Care Retirement Community Providing Housing, Healthcare, and other related services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$72,145,448$73,788,672▲ $1,643,224
Savings and Temporary Cash Investments$9,307,354$8,251,775▼ $1,055,579
Accounts Receivable$2,147,665$2,008,473▼ $139,192
Cash and Non-Interest-Bearing Accounts$472,886$1,612,444▲ $1,139,558
Investments in Publicly Traded Securities$599,550$455,789▼ $143,761
Prepaid Expenses and Deferred Charges$336,552$397,448▲ $60,896
Total Assets$105,630,338$102,331,665▼ $3,298,673
Other Assets Total$20,620,883$15,817,064▼ $4,803,819
Liabilities
Tax Exempt Bond Liabilities$60,448,676$58,143,983▼ $2,304,693
Other Liabilities$38,439,341$38,361,410▼ $77,931
Accounts Payable and Accrued Expenses$3,868,760$5,122,805▲ $1,254,045
Deferred Revenue$2,587,322$2,813,263▲ $225,941
Total Liabilities$105,344,099$104,441,461▼ $902,638
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,314,327$1,649,755▲ $335,428
Permanently Rstr Net Assets$355,000$355,000→ $0
Unrestricted Net Assets$-1,383,088$-4,114,551▼ $2,731,463
Total Net Assets Fund Balance$286,239$-2,109,796▼ $2,396,035
Total Liabilities and Net Assets / Fund Balance$105,630,338$102,331,665▼ $3,298,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$59,639,766$22,198,492$81,838,258
Equipment$1,844,442$4,756,815$6,601,257
Land$6,360,288-$6,360,288
Other Land Buildings$5,944,176$31,928$5,976,104
Other Assets Org$8,952,379--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,274,604$25,491▲ $361,963$588,582$6,010,662
2015$8,233,661$25,726▲ $115,878$2,018,000$6,274,604
2014$7,921,998$27,005▲ $287,508$2,850$8,233,661
2013$7,307,868$223,883▲ $355,795$434,924$7,921,998
2012$7,302,599$53,535▲ $693,120$741,386$7,307,868
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Morris FunkCEO (until 4/29/16)FT$281,004$11,420$292,424
Susan LoveCEO (as of 11/1/16)FT$166,478$25,652$192,130
Ralph FeraCFO (until 11/18/16)FT$146,932$16,808$163,740
Sarah PlashaHuman Resource DirectorFT$120,084$8,000$128,084
Mary DelfierroRegistered NurseFT$103,329$8,000$111,329
Tracy CharyszynRegistered NurseFT$103,721$1,000$104,721
David ThompsonCFO (as of 11/21/16)FT$16,599-$16,599

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
FLIK Lifestylesdining vendorPO Box 102289, Atlanta, GA 30368-2289$4,225,981
E Allen Reeves IncConstruction company1145 York Road, Abington, PA 19001$3,198,889
Fox Long Term Care Companyrehabilitation services for residents7 Carnegie Plaza, Cherry Hill, NJ 08003$1,153,300
Sage AgeMarketing - Web Based17 Pierce Lane, Montoursville, PA 17754$129,318
Sun States SecuritySecurity Guard Services801 Corporate Center Drive, Raleigh, NC 27607$122,914
Revenue and Support

Revenue Composition

Contributions and Grants
$566,443
Program Service Revenue
$25,442,566
Investment Income
$250,204
Other Revenue
$148,170
All Other Contributions
$536,519
Change in Net Assets
$-3,104,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,492,825
Revenue Not Reported on Financial Statements
$-85,442
Revenue Not Reported on Form 990
$691,476
Other Revenue Adjustments
$-85,442
Total Revenue per Audited Statements
$27,184,301
Total Revenue per Form 990
$26,407,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,856,770
Salaries, Compensation, and Employee Benefits$10,655,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,700,164$1,123,236-$7,823,400
Office Expenses$4,331,049$551,352-$4,882,401
Depreciation Depletion$3,434,893--$3,434,893
Interest$2,982,140--$2,982,140
Fees for Services Other$1,881,145$304,240-$2,185,385
Occupancy$1,849,027--$1,849,027
Other Employee Benefits$1,421,586$401,599-$1,823,185
Current Officers, Directors, Trustees, and Key Employees$344,134$664,893-$1,009,027
All Other Expenses$727,393$243,540-$970,933
Insurance$353,967--$353,967
Other Expenses$146,528--$146,528
Advertising-$123,924-$123,924
Fees for Services Accounting-$92,511-$92,511
Fees for Services Legal-$70,562-$70,562
Information Technology-$69,113-$69,113
Fees for Service Investment Mgmnt Fees-$17,488-$17,488
Travel$9,334$1,572-$10,906
Conferences and Meetings$359$5,273-$5,632
Fees for Services Lobbying-$314-$314
Total Functional Expenses$25,842,765$3,669,617$0$29,512,382

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$29,580,336
Total Expenses per Form 990$29,512,382
Expenses per Audited Statements$29,494,894
Expenses Not Reported on Form 990$85,442
Expenses Not Reported on Financial Statements$17,488
Other Expense Adjustments$17,488
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,133
Fundraising Direct Expenses$29,132
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tacos & Tequila$59,057$29,133$15,747$13,386
Total Events$59,057$29,133$29,132$1
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Fees and Deposits$37,775,670
Security Deposit Payable$455,740
Due to Related Parties$130,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANEW JERSEY Economic Development Authority2014-07-02$60,910,712New construction and retirement of old bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$60,910,712$55,577,720$1,450,000$1,218,214

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1

The President shall preside at all meetings of the Executive Committee. The Executive Committee shall consist of the officers, the immediate Past President, and such additional members of the Board of Trustees as are appointed by the President with consent of the Board. The Executive Committee shall act for the Board of Trustees between regular board meetings on matters, which in the judgment of the Executive Committee constitute emergencies, which cannot be acted upon in time at a regular or special meeting of the Board. The Executive Committee shall present proposals to the Board of Trustees for its action with respect to the programs, direction, or management of the facilities governed by the Corporation. Minutes of all meetings of the Executive Committee shall be maintained and a report of business conducted shall be presented at the next immediate meeting of the Board of Trustees. No action of the Executive Committee shall be taken on any matters that would otherwise require action by the Board of Trustees unless it is subsequently ratified by the Board. The Executive Committee shall meet at least quarterly.

Form 990, Part VI, Section A, line 7A

An affiliated company, Jewish Federation of Southern New Jersey, has the right to appoint two members of the Board.

Form 990, Part VI, Section A, line 7B

An affiliated company, Jewish Federation of Southern New Jersey, has the right to vote on two members of the Board.

Form 990, Part VI, Section B, line 11B

The CFO will review the 990 in detail. A copy of the 990 will be provided to the finance committee for review prior to filing. A copy will also be made available for the full board before filing with the IRS.

Form 990, Part VI, Section B, line 12C

A conflict of interest policy and disclosure statement is furnished annually to each key individual (which includes all board members, officers, and key employees) following the annual meeting. Any new key individual is provided with a copy of this policy upon commencement of their position. Key individuals are required to give full disclosure, in writing, of any relationship or interest that may give rise to a conflict to the President of the Board and to the Chairman of any committee acting on the contract or transaction. Staff members shall disclose, in writing, any possible conflict of interest for themselves or their family members to the Chief Financial Officer. The policy is reviewed and distributed to the board annually. If there is a specific conflict, board members recuse themselves from participating in related discussions or voting.

Form 990, Part VI, Section B, line 15

The CEO goes through a committee process for compensation review. Comparative information is provided to enable the Board committee to make an accurate suggestion to the Board. Other employees are compensated based upon an internal review process. Fair market value of compensation was initially determined using industry sources such as Leading Age and Association of Jewish Aging Services (AJAS). the compensation process is documented in the minutes.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
SJF CCRC Inc
EIN
22-3701092
Phone
8566792211
Address
1110 Laurel Oak Road, Voorhees, NJ 08043

Signing Officer

Name
David Thompson
Title
CFO
Phone
8566792211
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Love
Formed
1999
Legal Domicile
Nj
Voting Board Members
19
Independent Board Members
19
Employees
276
Volunteers
40

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
1650 Market Street Suite 4500, Philadelphia, PA 19103-7341
Preparer
Julius C Green CPA
Phone
2159720701
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in interest in net assets of Jewish Community Foundation 324,640.

Financial Statement Notes

Part V, Line 4:

Funds will be utilitized for supporting the mission of the organization under the guidance of the Board of Trustees.

Part X, Line 2:

Lions Gate accounts for uncertainty in income taxes using a recognition threshold of more likely than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in 2016 or 2015.

Part XI, Line 2D - Other Adjustments:

Increase in interest in net assets of Jewish Community Foundation 324,640. investment management fees netted on financials -17,488.

Part XI, Line 4B - Other Adjustments:

RENTAL EXPENSES -56,310. fundraising expenses -29,132.

Part XII, Line 2D - Other Adjustments:

RENTAL EXPENSES 56,310. fundraising expenses 29,132.

Part XII, Line 4B - Other Adjustments:

investment management fees netted on financials 17,488.

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IRS990/Desc0SJF-CCRC, Inc. is a continuing care retirement community providing independent and assisted living as well as skilled nursing and rehabilitation facilities to the elderly population. As a full-service continuing care retirement community, senior living options range from Independent Living to a full continuum of on-site care - Assisted Living, Skilled Nursing and Long-Term Care, Short-Term and Outpatient Rehabilitation, Memory Care and Home Care. Our residents enjoy an independent, engaging and worry-free lifestyle. There are 164 independent living units, 70 assisted living units, 78 skilled nursing beds and 32 rehabilitation beds. The community is located in Voorhees, NJ.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Andi Levin
IRS990/Form990PartVIISectionAGrp/PersonNm1David Gutin Esq
IRS990/Form990PartVIISectionAGrp/PersonNm2Larry Gottlieb
IRS990/Form990PartVIISectionAGrp/PersonNm3Ian D Meklinsky Esq
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Stephen Scheinthal DO
IRS990/Form990PartVIISectionAGrp/PersonNm5Alison Platt-Tarnopol
IRS990/Form990PartVIISectionAGrp/PersonNm6Neal A Cupersmith CPA
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Adler
IRS990/Form990PartVIISectionAGrp/PersonNm8Rhea Weinberg Brekke
IRS990/Form990PartVIISectionAGrp/PersonNm9Peggy David
IRS990/Form990PartVIISectionAGrp/PersonNm10Rhonda R Feld Esq
IRS990/Form990PartVIISectionAGrp/PersonNm11Sara-Ellen Greenberg
IRS990/Form990PartVIISectionAGrp/PersonNm12Joel Kaber
IRS990/Form990PartVIISectionAGrp/PersonNm13Adam Kaminer
IRS990/Form990PartVIISectionAGrp/PersonNm14Mark Kramer
IRS990/Form990PartVIISectionAGrp/PersonNm15Aimee Levin
IRS990/Form990PartVIISectionAGrp/PersonNm16Mark R Rosen Esq
IRS990/Form990PartVIISectionAGrp/PersonNm17Dr Janine M Sobel MD
IRS990/Form990PartVIISectionAGrp/PersonNm18Dr Brian Zell MD
IRS990/Form990PartVIISectionAGrp/PersonNm19Susan Love
IRS990/Form990PartVIISectionAGrp/PersonNm20David Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm21Ralph Fera
IRS990/Form990PartVIISectionAGrp/PersonNm22Morris Funk
IRS990/Form990PartVIISectionAGrp/PersonNm23Sarah Plasha
IRS990/Form990PartVIISectionAGrp/PersonNm24Mary Delfierro
IRS990/Form990PartVIISectionAGrp/PersonNm25Tracy Charyszyn
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt7trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt15trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19CEO (as of 11/1/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO (as of 11/21/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO (until 11/18/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt22CEO (until 4/29/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt23Human Resource Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Registered Nurse
IRS990/Form990PartVIISectionAGrp/TitleTxt25Registered Nurse
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
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IRS990/MinutesOfCommitteesInd01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$103$102$0.59$39.7$41.8$2.15
2023Summary only. Only limited summary data is available for this year.$101$99.7$1.30$36.3$38.3$2.00
2022Summary only. Only limited summary data is available for this year.$99.8$98.9$0.91$33.9$35.7$1.83
2021Summary only. Only limited summary data is available for this year.$105$98.9$6.39$31.0$32.6$1.59
2020Summary only. Only limited summary data is available for this year.$99.5$103$3.06$32.4$31.5$0.94
2019Summary only. Only limited summary data is available for this year.$102$107$4.81$29.7$30.6$0.87
2018Summary only. Only limited summary data is available for this year.$103$109$5.24$28.9$29.8$0.88
2017Summary only. Only limited summary data is available for this year.$105$107$2.40$27.9$29.2$1.31
2016Detailed filing. Detailed filing data is available for this year.$102$104$2.11$26.4$29.5$3.10
2015Summary only. Only limited summary data is available for this year.$106$105$0.29$26.4$29.6$3.19
2014Summary only. Only limited summary data is available for this year.$110$106$4.06$23.7$29.2$5.58
2013Summary only. Only limited summary data is available for this year.$110$100$9.70$23.9$26.7$2.77
2012Summary only. Only limited summary data is available for this year.$114$102$11.9$20.9$22.2$1.25
2011Summary only. Only limited summary data is available for this year.$105$92.3$13.1$21.6
2010Summary only. Only limited summary data is available for this year.$107$92.7$14.0$21.0
Peer Organizations

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