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Simpson Meadows EIN 23-2948992

Simpson Meadows FY2023 filing

EIN  23-2948992 Public charity (501(c)(3)) Bala Cynwyd, PA Founded 1998
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/19/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides housing, healthcare, and support for seniors.
Leadership
Timothy McCracken · Executive Director · $130K
Money in and out
$6.7M revenue, $8.2M expenses
Bottom line
77% program efficiency

Provides housing, healthcare, and support for seniors. For fiscal year 2023 it reported $6.7M in revenue, $8.2M in expenses, and $-8.0M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$6.7M
Pt VIII · Ln 12
Total expenses
$8.2M
Pt IX · Ln 25
Net assets
$-8.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.5M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$6.7M
FY2023▲ +2%
Expenses
$8.2M
FY2023▲ +3%
Total assets
$15.1M
FY2023▼ -1%
Total liabilities
$23.1M
FY2023▲ +5%
Total revenue
$6.7M
Pt VIII · Ln 12
Total expenses
$8.2M
Pt IX · Ln 25
Net assets
$-8.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.5M
Total assetsPt X · Ln 16$15.1M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $6.3M of program spending, described in the organization's own filed words · FY2023.
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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimpson Meadows
EINHdr · item D23-2948992
Principal addressHdr · item CBala Cynwyd, PA
WebsiteHdr · item Jwww.simpsonmeadows.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P750)
Ruling yearIRS BMFOct 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Timothy McCracken
Executive Director
$130,067Pt VII · Sec A
Laura Kasal
Director of Sales and Marketing
$109,348Pt VII · Sec A
Dalinda Love
Secretary
$0Pt VII · Sec A
Rick Hellberg
Treasurer
$0Pt VII · Sec A
Rev James D Anderman
Immediate Past Chair
$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 65th percentile of top reported officer pay among 3863 $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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Statement of Revenue

Part VIII
Program service revenue$6.1M · 91%
Investment income$248K · 4%
Other revenue$264K · 4%
Contributions & grants$117K · 2%
Program service revenue91%$6.1M
Investment income4%$248K
Other revenue4%$264K
Contributions & grants2%$117K
— government grantsLn 1e$33K
Total revenueLn 12$6.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$6.3M
Management & general23%$1.9M
Total functional expensesLn 25$8.2M

Balance Sheet

Part X · end of year
CashLn 1$466K
Total assetsLn 16$15.1M
Total liabilitiesLn 26$23.1M
Total net assetsLn 32$-8.0M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.6M · Operating expenses/yr $8.2M
5.2 months
Where the money goes
Program services
Program services $6.3M · Total expenses $8.2M
77%
Management & General
Management & general $1.9M · Total expenses $8.2M
23%
Fundraising
Fundraising $0 · Total expenses $8.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $35K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $117K · Total revenue $6.7M
2%
Government reliance
Government grants $33K · Total revenue $6.7M
0%
Earned-income share
Program service revenue $6.1M · Total revenue $6.7M
91%
Investment reliance
Investment income $248K · Total revenue $6.7M
+4%
Program self-sufficiency
Program service revenue $6.1M · Total expenses $8.2M
74%
Growth & trend
Revenue growth (YoY)
This year $6.7M · Prior year $6.6M
+2%
Net-asset trend (YoY)
End of year $-8.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.7M · Expenses $8.2M
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $15.1M
—
Net-asset ratio
Net assets $-8.0M · Total assets $15.1M
-53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.1M
21%
People & payroll
Highest Reported Total Compensation
Individual Timothy McCracken · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $130K · Total expenses $8.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $8.2M
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth 2%——
Investment management fee ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Simpson FoundationFY2023$43K
Total grants receivedfrom 1 funder$43K

Similar Organizations

Closest in mission — by what they do
Simpson House INCPA
Meadows Housing CorporationVA
Oak MeadowsMN
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United Methodist Retirement Community INCKY
The Woodlands at St Barnabas INCPA
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$6.4M revenue · ⤓ 990 PDF
FY2023$6.7M revenue · viewing · ⤓ 990 PDF
FY2022$6.6M revenue · ⤓ 990 PDF
FY2021$6.6M revenue · ⤓ 990 PDF
FY2020$6.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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