Simpson Meadows

Tax-deductible

Bala Cynwyd, PA501(c)(3)Since 1998Human ServicesEIN 23-2948992Revenue $6.4M in FY2024

On file with the IRSsimpsonmeadows.org150 Monument Rd Ste 202, 19004-1725 · Bala Cynwyd, PATax-exempt since Oct 1999Publicly supported — 509(a)(2)

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To operate a continuing care retirement community.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 6 volunteers and 221 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $1.1M a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$358K
to officers and key staff · 4% of spending
Top officer’s pay higher than 64% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $43K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22.7M
161% of total assets
Concern: liabilities are 161% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
-4% vs prior year
Spent
$8.2M
To programs
77%
Net assets
−$8.6M
By yearFY2020–FY2024
Revenue
$6.4M
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.6M
FY2021$6.6M
FY2022$6.6M
FY2023$6.7M
FY2024$6.4M
Expenses
$8.2M
FY2024+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.9M
FY2021$7.1M
FY2022$8.0M
FY2023$8.2M
FY2024$8.2M
Net assets
−$8.6M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.4M
FY2021−$4.9M
FY2022−$6.7M
FY2023−$8.0M
FY2024−$8.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $6.3M Management & general 23% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $358K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$134,776Pt VII · Sec A
Director of Sales and Marketing
$112,387Pt VII · Sec A
$110,919Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Timothy McCracken’s $135K as Executive Director is at the 64th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Timothy McCracken$134,776$130,067$100,048——
Gail Dooley———$120,607$122,474
Demetrius Donell Johnson———$117,584—
Laura Kasal$112,387$109,348$105,355——
Rhonda Newsome$110,919————
Janet Queh——$102,848$101,441—
Laura J Kasal———$101,399—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing, healthcare, and support for seniors.

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Provided by the organization

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1 program · $6.3M · in their own filed words · FY2024
01

Expenses incurred providing housing, healthcare, and other related services to elderly residents through the operation of 94 independent living units and 54 personal care suites, 18 of which are dedicated to dementia care. Simpson meadows' operations are located in the township of east caln, chester county, pa.

$6.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$43K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$291K
Other incomeLn 4–11$20K
Money outPt IX
$8.2M
Ln 25
Programscol B$6.3M
Managementcol C$1.9M
Owns and owesPt X
−$8.6M
net assets · Ln 32
Cash and savingsLn 1–2$357K
Total assetsLn 16$14.0M
LiabilitiesLn 26$22.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$291K
Other incomeLn 4–11$20K
Gains on assetsLn 7$226K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$357K
Cash and savings togetherLn 1–2$357K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$6.4M
Other assetsLn 15$4.2M
Total assetsLn 16$14.0M
LiabilitiesLn 26$22.7M
Net assetsLn 32−$8.6M
OperationsPt I, VI
EmployeesI 5221
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$466K$357K
InvestmentsLn 11–13$3.1M$2.9M
Land, buildings, equipmentLn 10c$6.7M$6.4M
Total assetsLn 16$15.1M$14.0M
LiabilitiesLn 26$23.1M$22.7M
Net assetsLn 32−$8.0M−$8.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.6M$2.2M$353K
Pension plan contributionsLn 8$31K$18K$13K
Other employee benefitsLn 9$203K$186K$17K
Payroll taxesLn 10$236K$204K$31K
Management feesLn 11a$590K$454$590K
Legal feesLn 11b$78K$78K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$1.6M$1.1M$493K
Office expensesLn 13$94K$64K$30K
Information technologyLn 14$51K$46K$5K
OccupancyLn 16$472K$471K$1K
TravelLn 17$5K$3K$2K
Conferences, conventions and meetingsLn 19$17K$2K$15K
InterestLn 20$330K$330K
Depreciation, depletion and amortizationLn 22$907K$907K
InsuranceLn 23$184K$5K$179K
Other expenses (24a–d)Ln 24$679K$668K$12K
All other expensesLn 24e$142K$107K$34K
Total functional expensesLn 25$8.2M$6.3M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.4M$8.2M−$1.8M−$8.6M 990 PDF
FY2023 $6.7M$8.2M−$1.5M−$8.0M 990 PDF
FY2022 $6.6M$8.0M−$1.4M−$6.7M 990 PDF
FY2021 $6.6M$7.1M−$413K−$4.9M 990 PDF
FY2020 $6.6M$6.9M−$321K−$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,421,731 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,516$2,750
I-9 Program service revenuePrior year $6,088,647$6,107,405
I-10 Investment incomePrior year $248,181$291,403
I-11 Other revenuePrior year $264,010$20,173
I-12 Total revenuePrior year $6,717,354$6,421,731
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,142,838$3,060,621
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,039,674$5,150,026
I-18 Total expensesPrior year $8,182,512$8,210,647
I-19 Revenue less expensesPrior year −$1,465,158−$1,788,916
Part VI · Governance 9 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $6,421,731 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,750
VIII-1h Total contributions, gifts and grants$2,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,107,405$6,107,405
VIII-3 Investment incomeExcluded from tax $64,928$64,928
VIII-7 Net gain or loss on sales of assetsExcluded from tax $226,475$226,475
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $20,173$20,173
VIII-12 Total revenueRelated to mission $6,107,405 · Unrelated business $0 · Excluded from tax $311,576$6,421,731
Part IX · Statement of functional expenses $8,210,647 across 18 lines filed
IX-7 Other salaries and wagesPrograms $2,237,378 · Management $353,112$2,590,490
IX-8 Pension plan contributionsPrograms $18,410 · Management $12,927$31,337
IX-9 Other employee benefitsPrograms $186,235 · Management $16,793$203,028
IX-10 Payroll taxesPrograms $204,496 · Management $31,270$235,766
IX-11a Management feesPrograms $454 · Management $589,613$590,067
IX-11b Legal feesManagement $77,873$77,873
IX-11c Accounting feesManagement $30,535$30,535
IX-11g Other fees for servicesPrograms $1,076,578 · Management $492,907$1,569,485
IX-13 Office expensesPrograms $63,908 · Management $29,612$93,520
IX-14 Information technologyPrograms $45,976 · Management $5,215$51,191
IX-16 OccupancyPrograms $471,230 · Management $1,252$472,482
IX-17 TravelPrograms $3,394 · Management $1,795$5,189
IX-19 Conferences, conventions and meetingsPrograms $2,021 · Management $15,323$17,344
IX-20 InterestPrograms $330,082$330,082
IX-22 Depreciation, depletion and amortizationPrograms $906,694$906,694
IX-23 InsurancePrograms $5,136 · Management $179,265$184,401
IX-24 Other expenses (24a–d)Programs $667,821 · Management $11,579$679,400
IX-24e All other expensesPrograms $107,289 · Management $34,474$141,763
IX-25 Total functional expensesPrograms $6,327,102 · Management $1,883,545 · Fundraising $0$8,210,647
Part X · Balance sheet $14,043,211 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $466,274$356,813
X-4 Accounts receivableStart of year $54,253$119,420
X-9 Prepaid expenses and deferred chargesStart of year $123,626$143,027
X-10c Land, buildings and equipment, netStart of year $6,723,331$6,357,077
X-11 Publicly traded securitiesStart of year $3,095,116$2,879,602
X-15 Other assetsStart of year $4,603,382$4,187,272
X-16 Total assetsStart of year $15,065,982$14,043,211
X-17 Accounts payable and accrued expensesStart of year $821,256$1,949,169
X-19 Deferred revenueStart of year $1,337,006$1,519,999
X-20 Tax-exempt bond liabilitiesStart of year $7,186,283$7,006,233
X-25 Other liabilitiesStart of year $13,747,099$12,175,431
X-26 Total liabilitiesStart of year $23,091,644$22,650,832
X-27 Net assets without donor restrictionsStart of year −$9,506,015−$10,321,820
X-28 Net assets with donor restrictionsStart of year $1,480,353$1,714,199
X-32 Total net assets or fund balancesStart of year −$8,025,662−$8,607,621
X-33 Total liabilities and net assetsStart of year $15,065,982$14,043,211
Part XI · Reconciliation of net assets −$8,607,621 net assets at year end
XI-1 Total revenue$6,421,731
XI-2 Total expenses$8,210,647
XI-3 Revenue less expenses−$1,788,916
XI-4 Net assets at start of year−$8,025,662
XI-5 Net unrealized gains (losses) on investments$1,104
XI-8 Prior period adjustments$1,205,853
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$8,607,621

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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