Broadmead INC FY2021 filing

Tax-deductible

Cockeysville, MD501(c)(3)Since 1976Human ServicesEIN 52-1056690

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To foster independence, growth and opportunities in elderhood by supporting a dynamic community, providing exceptional health services, developing collaborative relationships and upholding quaker values.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$2.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $4.7M a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $258K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$140.1M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.0M
+24% vs prior year
Spent
$28.3M
To programs
80%
Net assets
$72.0M
By yearFY2020–FY2024
Revenue
$38.0M
FY2021▲ +24%
Revenue by fiscal year
FY2020$30.6M
FY2021$38.0M
FY2022$37.9M
FY2023$37.0M
FY2024$43.0M
FY2024$51.6M
Expenses
$28.3M
FY2021▲ +7%
Expenses by fiscal year
FY2020$26.6M
FY2021$28.3M
FY2022$32.1M
FY2023$36.8M
FY2024$39.3M
FY2024$42.7M
Net assets
$72.0M
FY2021▲ +27%
Net assets by fiscal year
FY2020$56.5M
FY2021$72.0M
FY2022$62.1M
FY2023$69.2M
FY2024$80.5M
FY2024$89.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1976.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $22.7M Management & general 19% · $5.4M Fundraising 1% · $199K

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

26 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO
$360,063Pt VII · Sec A
Treasurer/CFO to Jan 2021
$272,665Pt VII · Sec A
VP of Sales & Marketing
$219,075Pt VII · Sec A
VP of Health Services
$202,151Pt VII · Sec A
VP of Human Resources
$192,942Pt VII · Sec A
Former Officer
$175,365Pt VII · Sec A
VP of Facilities
$161,651Pt VII · Sec A
VP of Development
$156,966Pt VII · Sec A

Robin Somers’s $410K as President/CEO (until 09/24) is at the 91st percentile of top reported officer pay among 3122 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robin Somers$409,881$409,821$398,052$351,792$360,063$241,032
Jennifer Schilpp$388,606$298,883$269,919$182,638——
John Howl————$175,365$338,893
Kristy Krueger$294,003$235,576$213,020$293,079$219,075$224,431
Yolanda Johnson$286,490$215,110$206,732$191,452$192,942$166,521
John J Palkovitz JR————$272,665$250,330
Ann Patterson$259,496$212,472$209,150$187,778$202,151$162,256
Gina Mathias$206,573$166,223$166,454———

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.

See Broadmead INC executive salaries →

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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 15aYes

Programs and updates

Offers housing, care, meals, and activities for seniors.

Provided by the organization

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1 program · $22.7M · in their own filed words · FY2020
01

Continuing Care Retirement Community Program

There are three levels of care consisting of independent living, assisted living, and the health care center. Independent living - to provide comprehensive, independent living services for aging people, including medical, dietary, social, and housekeeping services for residents.

$22.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$258K
Grants paid · 16 grants · $3.1M · 2019–2024
Unitemized GrantFY2024$228,869
Unitemized GrantFY2024$138,792
Unitemized GrantFY2024$4,200
Unitemized GrantFY2023$228,869
Unitemized GrantFY2023$72,858
Unitemized GrantFY2022$232,536
Unitemized GrantFY2022$14,533
Unitemized GrantFY2021$523,691
Unitemized GrantFY2021$29,978
Unitemized GrantFY2020$491,976
Friends Care INCMD · FY2020$217,730
Unitemized GrantFY2020$42,243
Unitemized GrantFY2019$707,492
Unitemized GrantFY2019$36,843
Friends Care INCMD · FY2019$36,351

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$38.0M
Ln 12
Fees for servicesLn 2g$28.9M
Investment incomeLn 3$8.0M
Gifts and grantsLn 1h$636K
Money outPt IX
$28.3M
Ln 25
Programscol B$22.7M
Managementcol C$5.4M
Fundraisingcol D$199K
Owns and owesPt X
$72.0M
net assets · Ln 32
Cash and savingsLn 1–2$12.5M
Total assetsLn 16$212.1M
LiabilitiesLn 26$140.1M
PeoplePt VI, VII
26
listed · VII A
PaidVII A11
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$636K
Government grantsLn 1e$552K
Fees for servicesLn 2g$28.9M
Investment incomeLn 3$8.0M
Other incomeLn 4–11$502K
Gains on assetsLn 7$6.2M
Total revenueLn 12$38.0M
Assets in detailPt X, end of year
CashLn 1$12.5M
Cash and savings togetherLn 1–2$12.5M
InvestmentsLn 11–13$98.5M
Land, buildings, equipmentLn 10c$96.8M
Other assetsLn 15$195K
Total assetsLn 16$212.1M
LiabilitiesLn 26$140.1M
Net assetsLn 32$72.0M
OperationsPt I, VI
EmployeesI 5478
VolunteersI 655
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.5M$12.5M
InvestmentsLn 11–13$104.6M$98.5M
Land, buildings, equipmentLn 10c$72.7M$96.8M
Total assetsLn 16$190.6M$212.1M
LiabilitiesLn 26$134.1M$140.1M
Net assetsLn 32$56.5M$72.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$218K$218K
Grants to domestic individualsLn 2$534K$534K
Pay of current officers, directors and key staffLn 5$1.3M$11K$1.3M
Other salaries and wagesLn 7$9.5M$8.5M$796K$164K
Pension plan contributionsLn 8$241K$200K$35K$6K
Other employee benefitsLn 9$1.0M$947K$87K$9K
Payroll taxesLn 10$781K$629K$141K$11K
Legal feesLn 11b$93K$93K
Accounting feesLn 11c$69K$69K
Investment management feesLn 11f$183K$183K
Other fees for servicesLn 11g$1.2M$1.0M$173K
Advertising and promotionLn 12$241K$241K
Office expensesLn 13$82K$40K$38K$3K
Information technologyLn 14$1.0M$818K$204K
OccupancyLn 16$1.4M$1.2M$288K
TravelLn 17$51K$29K$22K$600
InterestLn 20$1.1M$869K$217K
Depreciation, depletion and amortizationLn 22$3.8M$3.0M$752K
InsuranceLn 23$768K$614K$154K
Other expenses (24a–d)Ln 24$3.6M$3.5M$54K$377
All other expensesLn 24e$1.1M$575K$520K$6K
Total functional expensesLn 25$28.3M$22.7M$5.4M$199K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $43.0M$39.3M$3.7M$80.5M 990 PDF
FY2023 $37.0M$36.8M$181K$69.2M 990 PDF
FY2022 $37.9M$32.1M$5.8M$62.1M 990 PDF
FY2021 Viewing $38.0M$28.3M$9.7M$72.0M 990 PDF
FY2020 $30.6M$26.6M$4.0M$56.5M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $38,038,653 across 9 lines filed
Lines not itemized here account for $304,972 of total revenue; see the IRS return.
VIII-1e Government grants$551,521
VIII-1f All other contributions, gifts and grants$84,603
VIII-1h Total contributions, gifts and grants$636,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,861,742$28,861,742
VIII-3 Investment incomeExcluded from tax $1,847,131$1,847,131
VIII-6 Net rental income or lossExcluded from tax $34,211$34,211
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,192,133$6,192,133
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $162,340$162,340
VIII-12 Total revenueRelated to mission $28,861,742 · Unrelated business $0 · Excluded from tax $8,540,787$38,038,653
Part IX · Statement of functional expenses $28,332,393 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $217,730$217,730
IX-2 Grants to domestic individualsPrograms $534,219$534,219
IX-5 Pay of current officers, directors and key staffPrograms $11,217 · Management $1,329,634$1,340,851
IX-7 Other salaries and wagesPrograms $8,548,562 · Management $796,387 · Fundraising $163,514$9,508,463
IX-8 Pension plan contributionsPrograms $199,988 · Management $35,406 · Fundraising $6,066$241,460
IX-9 Other employee benefitsPrograms $947,017 · Management $87,147 · Fundraising $9,032$1,043,196
IX-10 Payroll taxesPrograms $628,742 · Management $141,318 · Fundraising $10,923$780,983
IX-11b Legal feesManagement $92,674$92,674
IX-11c Accounting feesManagement $68,552$68,552
IX-11f Investment management feesManagement $182,691$182,691
IX-11g Other fees for servicesPrograms $1,038,772 · Management $173,075$1,211,847
IX-12 Advertising and promotionManagement $241,204$241,204
IX-13 Office expensesPrograms $40,498 · Management $38,488 · Fundraising $3,261$82,247
IX-14 Information technologyPrograms $817,717 · Management $204,429$1,022,146
IX-16 OccupancyPrograms $1,153,065 · Management $288,266$1,441,331
IX-17 TravelPrograms $29,242 · Management $21,604 · Fundraising $600$51,446
IX-20 InterestPrograms $868,539 · Management $217,135$1,085,674
IX-22 Depreciation, depletion and amortizationPrograms $3,006,666 · Management $751,667$3,758,333
IX-23 InsurancePrograms $614,280 · Management $153,570$767,850
IX-24 Other expenses (24a–d)Programs $3,504,446 · Management $53,915 · Fundraising $377$3,558,738
IX-24e All other expensesPrograms $574,735 · Management $520,349 · Fundraising $5,674$1,100,758
IX-25 Total functional expensesPrograms $22,735,435 · Management $5,397,511 · Fundraising $199,447$28,332,393
Part X · Balance sheet $212,067,178 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,529,927$12,467,094
X-4 Accounts receivableStart of year $3,383,003$2,927,691
X-8 Inventories for sale or useStart of year $78,929$75,553
X-9 Prepaid expenses and deferred chargesStart of year $947,257$1,101,116
X-10c Land, buildings and equipment, netStart of year $72,708,017$96,776,766
X-11 Publicly traded securitiesStart of year $101,241,817$85,888,713
X-12 Other securitiesStart of year $3,388,168$12,635,539
X-15 Other assetsStart of year $309,303$194,706
X-16 Total assetsStart of year $190,586,421$212,067,178
X-17 Accounts payable and accrued expensesStart of year $3,317,918$3,961,311
X-19 Deferred revenueStart of year $27,259,129$31,004,931
X-20 Tax-exempt bond liabilitiesStart of year $77,994,853$62,773,206
X-24 Unsecured notes and loans payableStart of year $2,212,359$2,212,359
X-25 Other liabilitiesStart of year $23,320,257$40,122,233
X-26 Total liabilitiesStart of year $134,104,516$140,074,040
X-27 Net assets without donor restrictionsStart of year $38,614,117$50,768,246
X-28 Net assets with donor restrictionsStart of year $17,867,788$21,224,892
X-32 Total net assets or fund balancesStart of year $56,481,905$71,993,138
X-33 Total liabilities and net assetsStart of year $190,586,421$212,067,178
Part XI · Reconciliation of net assets $71,993,138 net assets at year end
XI-1 Total revenue$38,038,653
XI-2 Total expenses$28,332,393
XI-3 Revenue less expenses$9,706,260
XI-4 Net assets at start of year$56,481,905
XI-5 Net unrealized gains (losses) on investments$5,804,973
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$71,993,138

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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