Civic Intelligence

Foundation for Eldercare

EIN 26-4755439 • 501(c)3 • Newtown Square, PA

Profile

To provide modern, affordable housing to facilitate aging-in-place by middle-income senior citizens.

1 Dunminning RdNewtown Square, PA 19073

foundationeldercare.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

4.45x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$100,000

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

3rd percentile

-40%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,502,042

Down $3,594,753 (-40%) from 2019

Liabilities

Down

$2,402,425

Down $2,848,078 (-54%) from 2019

Net Assets

Down

$3,099,617

Down $746,675 (-19%) from 2019

Revenue

Down

$539,428

Down $402,267 (-43%) from 2019

Expenses

Down

$466,556

Down $137,432 (-23%) from 2019

Net Income

Down

$72,872

Down $264,835 (-78%) from 2019

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $2,498,345Liabilities 2014: $2,058,844Net Assets 2014: $439,5012014Assets 2016: $11,149,684Liabilities 2016: $6,324,757Net Assets 2016: $4,824,9272016Assets 2017: $11,967,309Liabilities 2017: $7,339,904Net Assets 2017: $4,627,4052017Assets 2018: $11,567,344Liabilities 2018: $7,558,233Net Assets 2018: $4,009,1112018Assets 2019: $9,096,795Liabilities 2019: $5,250,503Net Assets 2019: $3,846,2922019Assets 2020: $5,502,042Liabilities 2020: $2,402,425Net Assets 2020: $3,099,6172020

Highlighted filing

2020

Assets$5,502,042
Liabilities$2,402,425
Net Assets$3,099,617

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $159,665Expenses 2014: $131,663Net Income 2014: $28,0022014Revenue 2016: $4,802,965Expenses 2016: $513,832Net Income 2016: $4,289,1332016Revenue 2017: $565,132Expenses 2017: $520,715Net Income 2017: $44,4172017Revenue 2018: $615,811Expenses 2018: $1,237,478Net Income 2018: -$621,6672018Revenue 2019: $941,695Expenses 2019: $603,988Net Income 2019: $337,7072019Revenue 2020: $539,428Expenses 2020: $466,556Net Income 2020: $72,8722020

Highlighted filing

2020

Revenue$539,428
Expenses$466,556
Net Income$72,872

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 2, 2021
Return Version
2020v4.0
Gross Receipts
$716,740
Mission and Program Overview

Mission

To provide modern, affordable housing to facilitate aging-in-place by middle-income senior citizens.

To provide safe, modern affordable housing to facilitate aging-in-place capability by low-income, handicapped and senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,065,494$5,420,457▼ $3,645,037
Cap Stk Tr Prin Current Funds$4,009,111$3,099,617▼ $909,494
Loans From Officers Directors$959,259$985,212▲ $25,953
Intangible Assets$832,819--
Cash and Non-Interest-Bearing Accounts$31,301$54,927▲ $23,626
Savings and Temporary Cash Investments-$26,658-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$9,929,614$5,502,042▼ $4,427,572
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,602,752$873,343▼ $3,729,409
Accounts Payable and Accrued Expenses$329,537$291,270▼ $38,267
Unsecured Notes Loans Payable$513$252,600▲ $252,087
Escrow Account Liability$28,442--
Other Liabilities$0--
Total Liabilities$5,920,503$2,402,425▼ $3,518,078
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,009,111$3,099,617▼ $909,494
Total Liabilities and Net Assets / Fund Balance$9,929,614$5,502,042▼ $4,427,572

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$874,457$0$874,457
Land$4,546,000-$233,000
Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John G BergChairman TrusteeFT$100,000$100,000
Deborah A WissmanVP Admin - TrusteePT$22,063$22,063
Revenue and Support

Revenue Composition

Contributions and Grants
$4,765
Program Service Revenue
$293,214
Investment Income
$0
Other Revenue
$241,449
All Other Contributions
$4,765
Change in Net Assets
$72,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,824
Salaries, Compensation, and Employee Benefits$122,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$383$166,106-$166,489
Current Officers, Directors, Trustees, and Key Employees$22,063$100,000-$122,063
Interest-$56,701-$56,701
Fees for Services Other$53,196--$53,196
Benefits to Members$31,669--$31,669
Fees for Services Management-$12,427-$12,427
Insurance$12,317$0$0$12,317
Advertising$9,874--$9,874
Office Expenses$1,053--$1,053
Travel$767--$767
Total Functional Expenses$131,322$335,234$0$466,556
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$959,259$985,212▲ $25,953
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
No

Governance Explanations

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

Final form of 990 is distributed to other Trustee for review, comment and approval. Final form 990 is posted on our website for public access

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

Each trustee verbally assures the others of no conflict

Form 990, Part VI, Section B, Line 15

Both trustees must agree to any compensation changes and the chairman seeks legal guidance in this matter

Form 990, Part VI, Section C, Line 19

All documents required for public inspection are found on our website, foundationeldercare.org

Filing and Contact Details

Filer

Filer Name
Foundation for Eldercare
EIN
26-4755439
Phone
6105201100
Address
1 Dunminning Rd, Newtown Square, PA 19073
Doing Business As
Senior Housing Alternative

Signing Officer

Name
John Berg
Title
Executive Director
Phone
6105201100
Signed
2021-03-02

Organization Details

Principal Officer
John G Berg
Formed
2009
Legal Domicile
Pa
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Between latter part of 2019 and all of 2020 Foundation disposed of all 30 of its rental houses for sums equal to the unpaid mortgage amounts and real estate taxes due and ceased leasing operations in Pennsylvania due to extremely high real estate taxes. Foundation obtained a $1,897,646 mortgage commitment from USDA to acquire low income housing lots in Sussex County, DE. Foundation was unable to close on this commitment because sellers withdrew. USDA obligated these funds to Foundation and Foundation began negotiations for a 51 lot, lot income residential development in Somerset County, MD

Form 990, Part IX, Line 11G

cost of experts, engineers, counsel, etc.

Form 990, Part XI, Line 9

Reduction in fund balance in excess of operating results is caused by surrender of leased properties as elsewhere discussed

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

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal170Amt05104909
IRS990ScheduleA/PublicSupportTotal509Amt07323392
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0293214
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0945158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0615811
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0704476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04764733
IRS990ScheduleA/Total509Grp/TotalAmt07323392
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0450000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0237144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04413000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05104909
IRS990ScheduleA/TotalSupportAmt05104909
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0293214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0945158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0615811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0704476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04764733
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07323392
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt04546000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04313000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0233000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0874457
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0874457
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05420457
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Foundation returned 18 rental houses to Generations of Hope, LLC during the first 9 months of 2020
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Generations of Hope LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-09-30
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0843111056
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt03828924
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0n/a
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Value equals mortgage balances. Accrued taxes payable are omitted because real estate taxes in PA are in rem claims only
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0227 Granite Run Drive
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine2Txt0Suite 100
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Lancaster
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0PA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd017601
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Between latter part of 2019 and all of 2020 Foundation disposed of all 30 of its rental houses for sums equal to the unpaid mortgage amounts and real estate taxes due and ceased leasing operations in Pennsylvania due to extremely high real estate taxes. Foundation obtained a $1,897,646 mortgage commitment from USDA to acquire low income housing lots in Sussex County, DE. Foundation was unable to close on this commitment because sellers withdrew. USDA obligated these funds to Foundation and Foundation began negotiations for a 51 lot, lot income residential development in Somerset County, MD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Final form of 990 is distributed to other Trustee for review, comment and approval. Final form 990 is posted on our website for public access
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each trustee verbally assures the others of no conflict
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Both trustees must agree to any compensation changes and the chairman seeks legal guidance in this matter
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents required for public inspection are found on our website, foundationeldercare.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5cost of experts, engineers, counsel, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reduction in fund balance in excess of operating results is caused by surrender of leased properties as elsewhere discussed
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09929614
IRS990/TotalAssetsEOYAmt05502042
IRS990/TotalAssetsGrp/BOYAmt09929614
IRS990/TotalAssetsGrp/EOYAmt05502042
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04765
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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