Civic Intelligence

Silver Lake Center Inc

EIN 26-3411635 • 501(c)3 • Baya Cynwyd, PA

Profile

Silver Lake Center, Inc.'s mission included the operation of one or more nursing homes, provision of housing for the elderly, development of medical programs for the care of the elderly and education of healthcare personnel in proper care of the elderly. The entity is inactive.

Two Bala Cynwyd Plaza Suite 300Baya Cynwyd, PA 19004

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

13.88x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

55th percentile

0.0%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$37,062

Flat from 2022

Liabilities

Flat

$514,397

Flat from 2022

Net Assets

Flat

-$477,335

Flat from 2022

Revenue

Down

$0

Down $1,262,660 (-100%) from 2022

Expenses

Down

$0

Down $13,657 (-100%) from 2022

Net Income

Down

$0

Down $1,249,003 (-100%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $8,490,710Liabilities 2010: $3,848,903Net Assets 2010: $4,641,8072010Assets 2011: $9,353,038Liabilities 2011: $4,002,128Net Assets 2011: $5,350,9102011Assets 2012: $8,818,052Liabilities 2012: $4,462,059Net Assets 2012: $4,355,9932012Assets 2013: $8,615,876Liabilities 2013: $4,346,329Net Assets 2013: $4,269,5472013Assets 2014: $8,326,015Liabilities 2014: $3,623,159Net Assets 2014: $4,702,8562014Assets 2015: $8,390,945Liabilities 2015: $987,544Net Assets 2015: $7,403,4012015Assets 2016: $8,665,869Liabilities 2016: $1,242,615Net Assets 2016: $7,423,2542016Assets 2017: $7,746,837Liabilities 2017: $1,316,167Net Assets 2017: $6,430,6702017Assets 2018: $7,363,274Liabilities 2018: $1,389,308Net Assets 2018: $5,973,9662018Assets 2019: $6,837,977Liabilities 2019: $2,182,558Net Assets 2019: $4,655,4192019Assets 2020: $6,177,801Liabilities 2020: $3,476,830Net Assets 2020: $2,700,9712020Assets 2021: $125,204Liabilities 2021: $1,851,542Net Assets 2021: -$1,726,3382021Assets 2022: $37,062Liabilities 2022: $514,397Net Assets 2022: -$477,3352022Assets 2023: $37,062Liabilities 2023: $514,397Net Assets 2023: -$477,3352023

Highlighted filing

2023

Assets$37,062
Liabilities$514,397
Net Assets-$477,335

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $14,973,1632010Expenses 2011: $15,313,4062011Expenses 2012: $16,086,2352012Revenue 2013: $15,305,383Expenses 2013: $15,391,829Net Income 2013: -$86,4462013Revenue 2014: $16,768,329Expenses 2014: $16,335,020Net Income 2014: $433,3092014Revenue 2015: $19,178,329Expenses 2015: $16,477,784Net Income 2015: $2,700,5452015Revenue 2016: $17,272,870Expenses 2016: $17,253,017Net Income 2016: $19,8532016Revenue 2017: $16,473,514Expenses 2017: $17,466,098Net Income 2017: -$992,5842017Revenue 2018: $17,382,868Expenses 2018: $17,839,572Net Income 2018: -$456,7042018Revenue 2019: $16,502,808Expenses 2019: $17,821,355Net Income 2019: -$1,318,5472019Revenue 2020: $16,084,611Expenses 2020: $18,039,059Net Income 2020: -$1,954,4482020Revenue 2021: -$616,454Expenses 2021: $3,810,855Net Income 2021: -$4,427,3092021Revenue 2022: $1,262,660Expenses 2022: $13,657Net Income 2022: $1,249,0032022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.51$0.48$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.51$0.48$1.26$0.01$1.25
2021Detailed filing. Detailed filing data is available for this year.$0.13$1.85$1.73$0.62$3.81$4.43
2020Detailed filing. Detailed filing data is available for this year.$6.18$3.48$2.70$16.1$18.0$1.95
2019Detailed filing. Detailed filing data is available for this year.$6.84$2.18$4.66$16.5$17.8$1.32
2018Detailed filing. Detailed filing data is available for this year.$7.36$1.39$5.97$17.4$17.8$0.46
2017Detailed filing. Detailed filing data is available for this year.$7.75$1.32$6.43$16.5$17.5$0.99
2016Detailed filing. Detailed filing data is available for this year.$8.67$1.24$7.42$17.3$17.3$0.02
2015Detailed filing. Detailed filing data is available for this year.$8.39$0.99$7.40$19.2$16.5$2.70
2014Detailed filing. Detailed filing data is available for this year.$8.33$3.62$4.70$16.8$16.3$0.43
2013Detailed filing. Detailed filing data is available for this year.$8.62$4.35$4.27$15.3$15.4$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.82$4.46$4.36$16.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$4.00$5.35$15.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.49$3.85$4.64$15.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

See schedule o.to operate one or more nursing homes or provide other housing for the elderly and to develop medical programs for the care of the elderly and to educate and train healthcare personnel in the proper care of the elderly.the entity is organized and operated for the provision of short and long-term stays offering post acute and rehabilitation services. The organization provides these services by providing room and board, nursing services, healthcare, therapy, resident services, and security at an affordable cost. The organization strives to provide open, diverse and caring environments for residents, family members and staff.

Operated nursing homes, provided housing and developed medical programs for the care of the elderly. The entity is inactive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$37,062$37,062→ $0
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$37,062$37,062→ $0
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$514,397$514,397→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$514,397$514,397→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-477,335$-477,335→ $0
Total Net Assets Fund Balance$-477,335$-477,335→ $0
Total Liabilities and Net Assets / Fund Balance$37,062$37,062→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard JaffeChairperson
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The filing organization has delegated management duties over its financial operations to Kane Financial Services, LLC pursuant to a board-approved agreement

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

The Form 990 is reviewed by the board president and the consulting company.

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

The organization's conflict of interest policy is contained in the employee handbook and is extended to officers and directors. These policies are reviewed through the annual disclosure process.

Form 990, Part VI, Section B, Line 15

The Board of Directors has authority to fix the compensation of the organization's Executive Director as well as the other officers and key employees. Compensation levels would be set based on current market conditions, the economy and funding sources. Note -- the organization is inactive.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Silver Lake Center Inc
EIN
26-3411635
Phone
2153466454
Address
Two Bala Cynwyd Plaza Suite 300, Baya Cynwyd, PA 19004

Signing Officer

Name
Jason Wald
Title
Vice President of Finance
Phone
5612234269
Signed
2024-11-08

Organization Details

Principal Officer
Howard Jaffe
Formed
2008
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The operations for Silver Lake Center, Inc were inactive

Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0c/o Susan Shain
IRS990/BooksInCareOfDetail/PhoneNum05612234161
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The operations for Silver Lake Center, Inc were inactive
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The filing organization has delegated management duties over its financial operations to Kane Financial Services, LLC pursuant to a board-approved agreement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by the board president and the consulting company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's conflict of interest policy is contained in the employee handbook and is extended to officers and directors. These policies are reviewed through the annual disclosure process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors has authority to fix the compensation of the organization's Executive Director as well as the other officers and key employees. Compensation levels would be set based on current market conditions, the economy and funding sources. Note -- the organization is inactive.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization makes its governing documents and financial statements available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt037062
IRS990/TotalAssetsEOYAmt037062
IRS990/TotalAssetsGrp/BOYAmt037062
IRS990/TotalAssetsGrp/EOYAmt037062
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0514397
IRS990/TotalLiabilitiesEOYAmt0514397
IRS990/TotalLiabilitiesGrp/BOYAmt0514397
IRS990/TotalLiabilitiesGrp/EOYAmt0514397
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-477335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-477335
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037062
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Two Bala Cynwyd Plaza
IRS990/USAddress/AddressLine2Txt0Suite 300
IRS990/USAddress/CityNm0Bala Cynwyd
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019004
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Wald
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President of Finance
ReturnHeader/BusinessOfficerGrp/PhoneNum05612234269
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER LAKE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0263411635
ReturnHeader/Filer/PhoneNum02153466454
ReturnHeader/Filer/USAddress/AddressLine1Txt0Two Bala Cynwyd Plaza Suite 300
ReturnHeader/Filer/USAddress/CityNm0Baya Cynwyd
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-11-13T10:53:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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