Civic Intelligence

Menorah Park Center for Senior

EIN 34-0714443 • 501(c)3 • Beachwood, OH

Profile

Part iii, line 1: menorah park center for senior living enriches the lives of seniors and those requiring specialized high quality health care through direct services, research, and education. It does so in a variety of settings in an atmosphere of respect, dignity and caring within a framework of traditional jewish values.

27100 Cedar RoadBeachwood, OH 44122-1156

www.menorahpark.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.81x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

38th percentile

1.0%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$677,372

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

27th percentile

-0.0%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

6.0%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$96,877,128

Up $38,185,099 (+65%) from 2018

Liabilities

Up

$69,172,759

Up $12,117,717 (+21%) from 2018

Net Assets

Up

$27,704,369

Up $26,067,382 (+1592%) from 2018

Revenue

Down

$72,312,185

Down $5,706,212 (-7.3%) from 2018

Expenses

Up

$81,942,989

Up $2,459,873 (+3.1%) from 2018

Net Income

Down

-$9,630,804

Down $8,166,085 (-558%) from 2018

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $55,507,844Liabilities 2010: $47,953,706Net Assets 2010: $7,554,1382010Assets 2011: $54,560,814Liabilities 2011: $45,610,877Net Assets 2011: $8,949,9372011Assets 2012: $52,952,832Liabilities 2012: $52,954,686Net Assets 2012: -$1,8542012Assets 2013: $54,706,408Liabilities 2013: $48,978,835Net Assets 2013: $5,727,5732013Assets 2014: $57,523,546Liabilities 2014: $47,444,868Net Assets 2014: $10,078,6782014Assets 2015: $64,172,738Liabilities 2015: $56,593,901Net Assets 2015: $7,578,8372015Assets 2016: $65,170,029Liabilities 2016: $65,313,482Net Assets 2016: -$143,4532016Assets 2018: $58,692,029Liabilities 2018: $57,055,042Net Assets 2018: $1,636,9872018Assets 2021: $96,877,128Liabilities 2021: $69,172,759Net Assets 2021: $27,704,3692021

Highlighted filing

2021

Assets$96,877,128
Liabilities$69,172,759
Net Assets$27,704,369

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $69,075,0942010Expenses 2011: $66,562,1952011Expenses 2012: $67,582,5462012Expenses 2013: $68,720,7162013Revenue 2014: $71,699,219Expenses 2014: $70,731,045Net Income 2014: $968,1742014Revenue 2015: $72,824,054Expenses 2015: $73,566,042Net Income 2015: -$741,9882015Revenue 2016: $75,478,643Expenses 2016: $76,428,909Net Income 2016: -$950,2662016Revenue 2018: $78,018,397Expenses 2018: $79,483,116Net Income 2018: -$1,464,7192018Revenue 2021: $72,312,185Expenses 2021: $81,942,989Net Income 2021: -$9,630,8042021

Highlighted filing

2021

Revenue$72,312,185
Expenses$81,942,989
Net Income-$9,630,804

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$78,018,397
Mission and Program Overview

Mission

Part iii, line 1: menorah park center for senior living enriches the lives of seniors and those requiring specialized high quality health care through direct services, research, and education. It does so in a variety of settings in an atmosphere of respect, dignity and caring within a framework of traditional jewish values.

Part i, line 1: menorah park center for senior living provides a full spectrum of direct health care services to senior adults in the greater cleveland, ohio area. Services are provided to approximately one thousand frail seniors per day in services such as skilled nursing, assisted living, independent living, home health, hospice, adult day care, outpatient physical therapy and meals on wheels. Services are provided to many indigent clients due to our mission of being a religious sponsored agency which provides care and health care programming to all clients in an atmosphere of respect, dignity and caring within a framework of traditional jewish values. Our organization also provides many educational programs to seniors and health care professionals in the general community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,321,654$39,914,437▼ $2,407,217
Accounts Receivable$7,307,069$8,490,076▲ $1,183,007
Savings and Temporary Cash Investments$8,174,034$6,991,461▼ $1,182,573
Prepaid Expenses and Deferred Charges$1,467,176$1,442,923▼ $24,253
Cash and Non-Interest-Bearing Accounts$2,237,252$939,427▼ $1,297,825
Investments in Publicly Traded Securities$859,840$911,455▲ $51,615
Total Assets$62,369,350$58,692,029▼ $3,677,321
Other Assets Total$2,325$2,250▼ $75
Liabilities
Accounts Payable and Accrued Expenses$28,326,246$26,411,722▼ $1,914,524
Tax Exempt Bond Liabilities$19,266,916$18,978,791▼ $288,125
Mortgage Notes Payable Secured by Investment Property$10,047,927$9,641,376▼ $406,551
Deferred Revenue$2,582,757$1,511,706▼ $1,071,051
Other Liabilities$322,494$511,447▲ $188,953
Total Liabilities$60,546,340$57,055,042▼ $3,491,298
Net Assets / Fund Balance
Unrestricted Net Assets$1,823,010$1,636,987▼ $186,023
Total Net Assets Fund Balance$1,823,010$1,636,987▼ $186,023
Total Liabilities and Net Assets / Fund Balance$62,369,350$58,692,029▼ $3,677,321

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,679,804$55,434,253$87,114,057
Equipment$5,056,783$10,197,004$15,253,787
Leasehold Improvements$2,967,645$4,326,633$7,294,278
Land$210,205-$210,205
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James NewbroughCEOFT$520,081$29,890$549,008
Dr W Michael KnightMedical DireFT$410,740$36,063$446,803
Dr W Michael KnightMedical Director-$405,481$38,223$446,803
Richard SchwalbergCOOFT$334,764$46,581$384,898
Robert MatitiaCFOFT$280,834$40,913$313,898
Ross WilkoffAdministratoFT$272,481$41,229$313,710
Ross WilkoffAdministrator-$270,321$45,039$313,710
Jamie HerbstVP - Human RFT$171,411$33,895$205,306
Jamie HerbstVP - Human Resources-$170,081$37,514$205,306
Lisa Cohen-kiralyDirector of SociFT$175,677$29,471$205,148
Lisa Cohen-kiralyDirector of Social Work-$171,867$30,801$205,148
Denise TrunDirector ofFT$169,239$19,237$188,476
Denise TrunDirector of Nursing-$165,620$19,237$188,476

Board Members and Trustees

NameTitle
Peter MeiselPresident
Adrienne GoldbergTrustee
Alec BerezinTrustee
Allan FelberTrustee
Alvin a SiegalTrustee
Amy MorgensternTrustee
Amy RogatTrustee
Audrey KursmanTrustee
Barry CheslerTrustee
Barry FeldmanTrustee
Betty RosskammTrustee
Bonnie ColeTrustee
Bonnie MyersTrustee
Brent GroverTrustee
Brian SternTrustee
Carolyn ArnoldTrustee
Charlene PressTrustee
Daniel RockerTrustee
Daniel SteigerTrustee
Danielle WildTrustee
Dara YanowitzTrustee
Darcee CohenTrustee
David NaguskyTrustee
David P MillerTrustee
David StraussTrustee
Earl FranklinTrustee
Edwin SingerTrustee
Eileen SillTrustee
Enid RosenbergTrustee
Fran RosenthalTrustee
Goldie ErmineTrustee
Gordan SafranTrustee
Harlan HertzTrustee
Harry SingerTrustee
Harvey ScholnickTrustee
Howard DanzingerTrustee
Howard EpsteinTrustee
Ira KaplanTrustee
Ivan SoclofTrustee
Jack JaffeTrustee
Jackie ElsnerTrustee
Jim SamuelsTrustee
Joel MarxTrustee
John P WolfTrustee
Jonathon WiseTrustee
Jordan GoldbergTrustee
Jordan LefkoTrustee
Judith WeissTrustee
Judy KaufmanTrustee
Keith LibmanTrustee
Ken BravoTrustee
Ken MarblestoneTrustee
Kenneth CohenTrustee
Kerry ChelmTrustee
Laura ScharfTrustee
Leonard SenkforTrustee
Loren MintzTrustee
Madeline GoldsteinTrustee
Marc SilversteinTrustee
Marilyn AdelsteinTrustee
Marilyn BedolTrustee
Marilyn BilskyTrustee
Marjorie NewmanTrustee
Mark DorisTrustee
Martin MarcusTrustee
Marvin ManesTrustee
Michael PetermanTrustee
Morton S FrankelTrustee
Nancy GlickTrustee
Neil TramerTrustee
Nora Krasney BermanTrustee
Noreen Koppelman GoldsteinTrustee
Norman MillsteinTrustee
Patti BernsTrustee
Philip WasserstromTrustee
Richard RivitzTrustee
Robert KwaitTrustee
Robert RossTrustee
Robert ZimmermanTrustee
Ruth MayersTrustee
Sally GoodTrustee
Sara SteinTrustee
Saul GenuthTrustee
Sidney GoodTrustee
Sonni SenkforTrustee
Stanley MeiselTrustee
Stephen WeinbergTrustee
Steve WiesenbergerTrustee
Steven SmallTrustee
Steven SoclofTrustee
Susan BassTrustee
Terri KlineTrustee
Terry OzanTrustee
William LiebermanTrustee
Dan BarnettTrustee Thru
Howard BobrowTrustee Thru
Jeffrey SusmanTrustee Thru
Jerome WeinbergerTrustee Thru
Larry WymorTrustee Thru
Mark FrankelTrustee Thru
Morton EpsteinTrustee Thru
Adam WiederAssociate Tr
Becky HellerSecretary
Greg MarcusTreasurer
Beth RosenbergVice Preside
Michael ShamesVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
KronosSoftwarePO BOX 743208, Atlanta, GA 30374$198,486
Netsmart Technologies INCSoftwarePO BOX 823519, Philadelphia, PA 19182$179,968
Revenue and Support

Revenue Composition

Contributions and Grants
$2,216,646
Program Service Revenue
$75,661,120
Investment Income
$140,631
Other Revenue
$0
Change in Net Assets
$-1,464,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$56,295,413
Other Expenses$23,164,177
Grants and Similar Amounts Paid$23,526
Total Fundraising Expense$23,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,236,904$4,037,347$5,443$45,279,694
Office Expenses$10,333,525$114,331-$10,447,856
Occupancy$4,569,600$87,505$6,597$4,663,702
Depreciation Depletion$4,388,414--$4,388,414
Other Employee Benefits$3,693,289$351,536-$4,044,825
Payroll Taxes$3,455,713$328,875-$3,784,588
Pension Plan Contributions$1,835,035$174,699-$2,009,734
Current Officers, Directors, Trustees, and Key Employees-$1,176,572-$1,176,572
Interest$1,117,878--$1,117,878
Insurance$848,234--$848,234
Fees for Services Other$391,101$211,474-$602,575
Travel$283,409--$283,409
All Other Expenses$220,154--$220,154
Advertising$14,153$182,267$11,050$207,470
Fees for Services Accounting-$97,773-$97,773
Fees for Services Legal-$81,426-$81,426
Conferences and Meetings$66,787--$66,787
Information Technology$26,406--$26,406
Grants to Domestic Individuals$23,526--$23,526
Other Expenses$10,195--$10,195
Total Functional Expenses$72,616,221$6,843,805$23,090$79,483,116
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Third Party Settlement$280,583
Capital Lease$230,864

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Cuyahoga Ohio2012-07-16$20,155,000ADDITION TO FACILITY

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,155,000$9,465,600$1,176,209-

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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Peter meisel stanley meisel president trustee family relationship edwin singer harry singer trustee trustee family relationship sally good sidney good trustee trustee family relationship ivan soclof steven soclof trustee trustee family relationship kenneth cohen alec berezin trustee trustee family relationship

Form 990, Page 6, Part VI, Line 11B

A sub-committee of the menorah park center for senior living audit committee and an independent cpa firm, as the board designees, review the form 990 prior to submission. Senior management reviews and approves the form 990 while completing and overseeing the process for completion. The board of directors is provided an opportunity to review a copy of the return prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Annually, menorah park sends a copy of its conflict of interest policy to all trustees, officers, committee members and key employees. These "key individuls" are required to disclose any transactions where the interests of menorah park and the key individual (or spouse or other family member of a key individual) could potentially be in conflict. The conflict of interest policy is reviewed annually at the initial meeting of the board of trustees following menorah park's annual meeting, and each new key individual is provided with a copy of the policy upon commencement of his or her position as such key individual. Non compliance with the conflict of interest policy could result in disciplinary action including removal from association with menorah park. The conflict of interest policy is regulary and consistently monitored and enforced through monthly corporate compliance committee meetings.

Form 990, Page 6, Part VI, Line 15A

The menorah park board of directors appoints a compensation committee to annually review for reasonableness with similar healthcare organizations, the salaries of the ceo and top level, key management staff of the organization. The compensation committee uses published surveys and purchased healthcare compensation comparison information to review and study reasonableness and competiveness of menorah park executive salaries with similar healthcare organizations. Discussions and decisions of the compensation committee are documented in their meeting minutes.

Form 990, Page 6, Part VI, Line 15B

The menorah park board of directors appoints a compensation committee to annually review for reasonableness with similar healthcare organizations the salaries of the ceo and top level, key management staff of the organization. The compensation committee uses published surveys and purchased healthcare compensation comparison information to review and study the reasonableness and competiveness of menorah park executive salaries with similar healthcare organizations. Discussions and decisions of the compensation committee are documented in their meeting minutes.

Form 990, Page 6, Part VI, Line 19

Menorah park maintains copies of all governing documents and financial reports at its main offices in beachwood, oh. Copies of these documents are available to the public upon request, for the same period of time as set forth in irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
Menorah Park Center for Senior
EIN
34-0714443
Phone
2168396672
Address
27100 CEDAR ROAD, BEACHWOOD, OH 44122-1156

Signing Officer

Name
Robert Matitia
Title
CFO
Phone
2168396672
Signed
2019-05-09

Organization Details

Principal Officer
James Newbrough
Formed
1906
Legal Domicile
Oh
Voting Board Members
99
Independent Board Members
99
Employees
1,850
Volunteers
299
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Part iii, line 1: menorah park center for senior living enriches the lives of seniors and those requiring specialized high quality health care through direct services, research, and education. It does so in a variety of settings in an atmosphere of respect, dignity and caring within a framework of traditional jewish values.

Form 990, Page 2, Part III, Line 4A

To dress and bathe, providing meals, housekeeping, activities and security. Independent living: menorah park also provides independent living services for 200 clients in a separate residence organized for this purpose. Specific services include apartment style living, meals, housekeeping, activities, wellness nurse checks, recreational therapy, transportation and security. Indigent care is offered to tenants with the assistance of hud section 8.

Form 990, Part XI, Line 9

Change in pension liability 1,278,696

Financial Statement Notes

Schedule D, Page 3, Part X

Menorah park adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, menorah park may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of menorah park, the continued tax-exempt status of bonds issued, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de- recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At june 30, 2018 and 2017, there were no unrecognized tax benefits identified or recorded as liabilities.

Raw XML AppendixShowing 400 of 1,438 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.

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IRS990/ActivityOrMissionDesc0PART I, LINE 1: MENORAH PARK CENTER FOR SENIOR LIVING PROVIDES A FULL SPECTRUM OF DIRECT HEALTH CARE SERVICES TO SENIOR ADULTS IN THE GREATER CLEVELAND, OHIO AREA. SERVICES ARE PROVIDED TO APPROXIMATELY ONE THOUSAND FRAIL SENIORS PER DAY IN SERVICES SUCH AS SKILLED NURSING, ASSISTED LIVING, INDEPENDENT LIVING, HOME HEALTH, HOSPICE, ADULT DAY CARE, OUTPATIENT PHYSICAL THERAPY AND MEALS ON WHEELS. SERVICES ARE PROVIDED TO MANY INDIGENT CLIENTS DUE TO OUR MISSION OF BEING A RELIGIOUS SPONSORED AGENCY WHICH PROVIDES CARE AND HEALTH CARE PROGRAMMING TO ALL CLIENTS IN AN ATMOSPHERE OF RESPECT, DIGNITY AND CARING WITHIN A FRAMEWORK OF TRADITIONAL JEWISH VALUES. OUR ORGANIZATION ALSO PROVIDES MANY EDUCATIONAL PROGRAMS TO SENIORS AND HEALTH CARE PROFESSIONALS IN THE GENERAL COMMUNITY.
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IRS990/Desc0SKILLED NUSING FACILITY: OUR NURSING HOME HAS 355 BEDS AND OFFERS POST HOSPITAL REHABILITATION SERVICES AND LONG TERM NURSING CARE. SPECIFIC SERVICES INCLUDE MEDICAL CARE, NURSING CARE, PHYSICAL AND OCCUPATIONAL THERAPY, SOCIAL WORK AND RECREATIONAL THERAPY. APPROXIMATELY 80% OF OUR LONG TERM CARE BEDS ARE OCCUPIED BY INDIGENT CLIENTS. SERVICES ARE OFFERED REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY. ASSISTED LIVING: OUR CHARITABLE ORGANIZATION PROVIDES TWO ASSISTED LIVING RESIDENCES, WHICH CARE FOR 250 CLIENTS. SPECIFIC SERVICES INCLUDE APARTMENT STYLE LIVING, NURSING ASSISTANCE WITH TAKING AND DISPENSING MEDICATIONS, PROVIDING HELP TO DRESS AND BATHE, PROVIDING MEALS, HOUSEKEEPING, ACTIVITIES AND SECURITY. INDEPENDENT LIVING: MENORAH PARK ALSO PROVIDES INDEPENDENT LIVING SERVICES FOR 200 CLIENTS IN A SEPARATE RESIDENCE ORGANIZED FOR THIS PURPOSE. SPECIFIC SERVICES INCLUDE APARTMENT STYLE LIVING, MEALS, HOUSEKEEPING, ACTIVITIES, WELLNESS NURSE CHECKS, RECREATIONAL THERAPY, TRANSPORTATION AND SECURITY. INDIGENT CARE IS OFFERED TO TENANTS WITH THE ASSISTANCE OF HUD SECTION 8.
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