Edgewood Summit INC FY2020 filing

Tax-deductible

Charleston, WV501(c)(3)Since 1990Human ServicesEIN 55-0701159

The organization's primary exempt function is to provide, on a non-profit basis, long-term care facilities in the state of west virginia specifically designed to meet the physical, social and psychological needs of elderly and infirm persons, including but not limited to housing, buildings, structures, equipment, furnishings, programs and related health and other services contributing to their health, security, happiness and physical and mental well-being. The mission of edgewood summit is to provide an attractive, caring, comfortable senior living community. A secure environment and quality service that will be the hallmark of this community.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$131K 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

FY2020 · 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
2 of 5
filings with a surplus
Average surplus $350K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$40.6M
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.4M
Spent
$12.4M
To programs
79%
Net assets
$351K
By yearFY2020–FY2024
Revenue
$12.4M
FY2020
Revenue by fiscal year
FY2020$12.4M
FY2021$14.6M
FY2022$13.4M
FY2023$13.1M
FY2024$15.5M
FY2024$15.8M
Expenses
$12.4M
FY2020
Expenses by fiscal year
FY2020$12.4M
FY2021$12.4M
FY2022$13.5M
FY2023$13.9M
FY2024$15.1M
FY2024$16.1M
Net assets
$351K
FY2020
Net assets by fiscal year
FY2020$351K
FY2021$5.5M
FY2022$3.1M
FY2023$3.2M
FY2024$4.0M
FY2024$4.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Mar 1991.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $9.8M Management & general 21% · $2.7M

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

Who runs it and what they're paid

21 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Administrator
$131,043Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

George Barker’s $148K as Administrator/Exec Dir as of 01/2025 is at the 18th 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
George Barker$147,886$148,522$145,409$139,828——
George Barker————$142,170$131,043
Cherie Litton$132,857$127,603$127,589$117,752——
Greg Faber$108,388$104,207————
Vanessa Owsley$102,065—————

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 15aYes

Programs and updates

Provides senior living facilities and services for elderly and infirm individuals in West Virginia.

Provided by the organization

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2 program services account for $9.8M of program spending, described in the organization's own filed words · FY2019.
01

The Organization provided, on a non-profit basis, housing, dining, housekeeping, laundry, transportation, activities, nursing and assisted living care, memory support care, and skilled nursing care through the operation of a CCRC - Continuum Care Retirement Community - that served 175 residents in 127 independent and 40 assisted living…

$9.4Mprogram expense
02

1. Edgewood Summit, Inc. has been open for 25 years. Apartments are upgraded when turnover occurs; this includes fresh paint, new carpet. An enhanced upgrade to each unit includes - new kitchen and bath cabinets with solid surface countertops, new lighting, new kitchen appliances including washer and dryer.

$364Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12.4M
Ln 12
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$117K
Money outPt IX
$12.4M
Ln 25
Programscol B$9.8M
Managementcol C$2.7M
Owns and owesPt X
$351K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$40.9M
LiabilitiesLn 26$40.6M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$117K
Gains on assetsLn 7$585K
Total revenueLn 12$12.4M
Assets in detailPt X, end of year
CashLn 1$290K
SavingsLn 2$959K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$16.9M
Land, buildings, equipmentLn 10c$22.3M
Total assetsLn 16$40.9M
LiabilitiesLn 26$40.6M
Net assetsLn 32$351K
OperationsPt I, VI
EmployeesI 5295
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$283K$1.2M
InvestmentsLn 11–13$17.5M$16.9M
Land, buildings, equipmentLn 10c$22.6M$22.3M
Total assetsLn 16$41.5M$40.9M
LiabilitiesLn 26$38.9M$40.6M
Net assetsLn 32$2.6M$351K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.9M$4.1M$844K
Pension plan contributionsLn 8$49K$40K$8K
Other employee benefitsLn 9$715K$592K$123K
Payroll taxesLn 10$399K$331K$69K
Management feesLn 11a$469K$469K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$48K$48K
Investment management feesLn 11f$92K$92K
Other fees for servicesLn 11g$372K$308K$64K
Advertising and promotionLn 12$305K$253K$53K
Office expensesLn 13$1.4M$1.2M$248K
Information technologyLn 14$174K$144K$30K
OccupancyLn 16$1.3M$1.1M$230K
TravelLn 17$45K$37K$8K
Conferences, conventions and meetingsLn 19$8K$6K$1K
InterestLn 20$3K$2K$446
Depreciation, depletion and amortizationLn 22$1.6M$1.3M$269K
InsuranceLn 23$291K$241K$50K
Other expenses (24a–d)Ln 24$193K$160K$33K
All other expensesLn 24e$33K$27K$6K
Total functional expensesLn 25$12.4M$9.8M$2.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $15.5M$15.1M$384K$4.0M 990 PDF
FY2023 $13.1M$13.9M−$781K$3.2M 990 PDF
FY2022 $13.4M$13.5M−$44K$3.1M 990 PDF
FY2021 $14.6M$12.4M$2.2M$5.5M 990 PDF
FY2020 Viewing $12.4M$12.4M−$17K$351K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $12,430,369 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,305,186$11,305,186
VIII-3 Investment incomeExcluded from tax $423,977$423,977
VIII-6 Net rental income or lossRelated to mission $14,500$14,500
VIII-7 Net gain or loss on sales of assetsExcluded from tax $584,675$584,675
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $102,031$102,031
VIII-12 Total revenueRelated to mission $11,421,717 · Unrelated business $0 · Excluded from tax $1,008,652$12,430,369
Part IX · Statement of functional expenses $12,447,156 across 20 lines filed
IX-7 Other salaries and wagesPrograms $4,054,123 · Management $843,935$4,898,058
IX-8 Pension plan contributionsPrograms $40,488 · Management $8,428$48,916
IX-9 Other employee benefitsPrograms $591,947 · Management $123,224$715,171
IX-10 Payroll taxesPrograms $330,567 · Management $68,813$399,380
IX-11a Management feesManagement $469,425$469,425
IX-11b Legal feesManagement $15,427$15,427
IX-11c Accounting feesManagement $47,798$47,798
IX-11f Investment management feesManagement $91,556$91,556
IX-11g Other fees for servicesPrograms $307,709 · Management $64,055$371,764
IX-12 Advertising and promotionPrograms $252,857 · Management $52,637$305,494
IX-13 Office expensesPrograms $1,192,814 · Management $248,305$1,441,119
IX-14 Information technologyPrograms $144,364 · Management $30,052$174,416
IX-16 OccupancyPrograms $1,103,692 · Management $229,752$1,333,444
IX-17 TravelPrograms $37,347 · Management $7,775$45,122
IX-19 Conferences, conventions and meetingsPrograms $6,379 · Management $1,328$7,707
IX-20 InterestPrograms $2,142 · Management $446$2,588
IX-22 Depreciation, depletion and amortizationPrograms $1,293,091 · Management $269,179$1,562,270
IX-23 InsurancePrograms $241,203 · Management $50,211$291,414
IX-24 Other expenses (24a–d)Programs $159,719 · Management $33,248$192,967
IX-24e All other expensesPrograms $27,366 · Management $5,754$33,120
IX-25 Total functional expensesPrograms $9,785,808 · Management $2,661,348 · Fundraising $0$12,447,156
Part X · Balance sheet $40,936,997 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $10,794$290,113
X-2 Savings and temporary cash investmentsStart of year $271,768$958,851
X-4 Accounts receivableStart of year $796,852$166,036
X-8 Inventories for sale or useStart of year $33,065$34,067
X-9 Prepaid expenses and deferred chargesStart of year $311,622$240,417
X-10c Land, buildings and equipment, netStart of year $22,556,638$22,298,843
X-11 Publicly traded securitiesStart of year $17,527,666$16,948,670
X-16 Total assetsStart of year $41,508,405$40,936,997
X-17 Accounts payable and accrued expensesStart of year $1,008,160$1,047,515
X-19 Deferred revenueStart of year $20,891,368$21,300,471
X-20 Tax-exempt bond liabilitiesStart of year $5,687,198$5,278,734
X-25 Other liabilitiesStart of year $11,342,979$12,959,666
X-26 Total liabilitiesStart of year $38,929,705$40,586,386
X-27 Net assets without donor restrictionsStart of year $2,578,700$350,611
X-32 Total net assets or fund balancesStart of year $2,578,700$350,611
X-33 Total liabilities and net assetsStart of year $41,508,405$40,936,997
Part XI · Reconciliation of net assets $350,611 net assets at year end
XI-1 Total revenue$12,430,369
XI-2 Total expenses$12,447,156
XI-3 Revenue less expenses−$16,787
XI-4 Net assets at start of year$2,578,700
XI-5 Net unrealized gains (losses) on investments−$1,125,074
XI-9 Other changes in net assets−$1,086,228
XI-10 Net assets at end of year$350,611

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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