philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Copper Ridge INC FY2021 filing

Fort Washington, PAUnknown exempt organizationEIN 52-1750659Revenue $199K in FY2021

On file with the IRSactsretirement.org420 Delaware Dr · Fort Washington, PA

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The purpose of Copper Ridge, INC. Is to serve older adults sixty-two years of age and older, providing retirement-life services including assisted living, skilled nursing care and complementary services; responsive to resident needs in a christian manner without prejudice or preference to any faith, in an expression of loving kindness.

15¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $469K a year · 20% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
15%
of spending
Concern: 15% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Fine: 0.3 months of spending in cash, plus $483K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.4M
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$199K
-97% vs prior year
Spent
$46K
To programs
15%
Net assets
−$2.0M
By yearFY2020–FY2022
Revenue
$199K
FY2021▼ -97%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.6M
FY2021$199K
FY2022$103K
Expenses
$46K
FY2021▼ -99%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.3M
FY2021$46K
FY2022$17K
Net assets
−$2.0M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.2M
FY2021−$2.0M
FY2022$0

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

15 cents of each dollar spent went to programs.

Program services 15% · $7K Management & general 85% · $39K

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

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Gerald T Grant
CEO & Chairman
$0Pt VII · Sec A
Karen I Christiansen
President & Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Copper Ridge INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 retirement living, assisted living, and skilled nursing care for older adults.

Questions for Copper Ridge INC

Tap to ask. Copper Ridge INC sees how many people are interested.

Your first name shows with your question. Copper Ridge INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $7K · in their own filed words · FY2021
01

Effective july 1, 2020, copper ridge no longer provides comprehensive life care services as it sold the building, the real estate, personal property, and the bed rights to an unrelated organization, sykesville MD propco, LLC.

$7Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$199K
Ln 12
Other incomeLn 4–11$166K
Investment incomeLn 3$32K
Money outPt IX
$46K
Ln 25
Programscol B$7K
Managementcol C$39K
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$2.4M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$32K
Other incomeLn 4–11$166K
Gains on assetsLn 7$11K
Total revenueLn 12$199K
Assets in detailPt X, end of year
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1K
InvestmentsLn 11–13$483K
Total assetsLn 16$2.4M
LiabilitiesLn 26$4.4M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
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$74K$1K
InvestmentsLn 11–13$1.2M$483K
Total assetsLn 16$4.1M$2.4M
LiabilitiesLn 26$6.3M$4.4M
Net assetsLn 32−$2.2M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Other employee benefitsLn 9$5K$5K
Legal feesLn 11b$6K$6K
Investment management feesLn 11f$457$457
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$46K$7K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $103K$17K$87K$0 990 PDF
FY2021 Viewing $199K$46K$152K−$2.0M 990 PDF
FY2020 $6.6M$8.3M−$1.6M−$2.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $198,737 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,811$0
I-9 Program service revenuePrior year $5,631,373$0
I-10 Investment incomePrior year $451,519$32,465
I-11 Other revenuePrior year $49,749$166,272
I-12 Total revenuePrior year $6,633,452$198,737
I-13 Grants and similar amounts paidPrior year $0$2,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,729,078$5,110
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,549,861$39,294
I-18 Total expensesPrior year $8,278,939$46,404
I-19 Revenue less expensesPrior year −$1,645,487$152,333
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $198,737 across 5 lines filed
Lines not itemized here account for $1,207 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $21,902$21,902
VIII-6 Net rental income or lossExcluded from tax $123,465$123,465
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,563$10,563
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $41,600$41,600
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $198,737$198,737
Part IX · Statement of functional expenses $46,404 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-9 Other employee benefitsPrograms $5,110$5,110
IX-11b Legal feesManagement $6,079$6,079
IX-11f Investment management feesManagement $457$457
IX-24 Other expenses (24a–d)Management $32,758$32,758
IX-25 Total functional expensesPrograms $7,110 · Management $39,294 · Fundraising $0$46,404
Part X · Balance sheet $2,360,129 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $74,420$1,080
X-4 Accounts receivableStart of year $2,727,917$1,876,531
X-9 Prepaid expenses and deferred chargesStart of year $14,331$0
X-11 Publicly traded securitiesStart of year $1,249,809$482,518
X-16 Total assetsStart of year $4,066,477$2,360,129
X-17 Accounts payable and accrued expensesStart of year $229,921$0
X-25 Other liabilitiesStart of year $6,027,710$4,385,947
X-26 Total liabilitiesStart of year $6,257,631$4,385,947
X-27 Net assets without donor restrictionsStart of year −$2,651,278−$2,499,474
X-28 Net assets with donor restrictionsStart of year $460,124$473,656
X-32 Total net assets or fund balancesStart of year −$2,191,154−$2,025,818
X-33 Total liabilities and net assetsStart of year $4,066,477$2,360,129
Part XI · Reconciliation of net assets −$2,025,818 net assets at year end
XI-1 Total revenue$198,737
XI-2 Total expenses$46,404
XI-3 Revenue less expenses$152,333
XI-4 Net assets at start of year−$2,191,154
XI-5 Net unrealized gains (losses) on investments$13,003
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,025,818

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

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.