NEW HERITAGE TOWERS

EIN: 232366563 501(c)(3)

WARMINSTER, PA

Total Revenue
$21,617,132
Total Expenses
$19,867,703
Total Assets
$64,334,278
Net Assets
$24,767,102
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
PA
Principal Officer
JEFF PETTY
Phone
2153540565
Tax Period
2025-01-01 to 2025-12-31

NEW HERITAGE TOWERS, founded in 1984, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2025. Expenses of $19.9M left a modest 8% surplus.

Mission

THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING INDEPENDENT APARTMENTS, PERSONAL CARE APARTMENTS, AND A SKILLED NURSING FACILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $7,000
Program Service Revenue $20,223,745
Investment Income $1,000,599
Other Revenue $385,788
TOTAL REVENUE $21,617,132

Expense Breakdown

Grants Paid $87,664
Salaries & Benefits $10,250,725
Fundraising Expenses $0
Program Expenses $15,065,982
Other Expenses $9,529,314
TOTAL EXPENSES $19,867,703

Year-over-Year Comparison

2025 2024 Change
Revenue $21,617,132 $20,721,446 +0.0%
Expenses $19,867,703 $19,171,251 +0.0%
Net Income $1,749,429 $1,550,195 +0.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
338
Volunteers
33

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,708,399
Total Directors
3
$1,708,399
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF PETTY CHAIR 1.00
Officer Director
$0 $26,891 $1,004,112
SHELLEY BALLET SECRETARY/TREASURER 1.00
Officer Director
$0 $21,916 $417,718
LYNNE DUKERT EXECUTIVE DIRECTOR 40.00
Officer Director
$272,079 $14,490 $286,569
SHARON MARGULIES DIRECTOR OF RESIDENTIAL SALES 40.15
Highest
$237,192 $15,472 $252,664
KELLY HERRMANN DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$109,637 $15,158 $124,795
YUEHHSIA CHEN REGISTERED NURSE 32.94
Highest
$128,834 $16,717 $145,551
ANTHONY PELLITTA DIR FACILITY OPERATIONS 40.00
Highest
$112,282 $15,339 $127,621
KATHLEEN PINZKA DIR PERSONAL CARE & RESIDENT SVCS. 40.00
Highest
$113,068 $15,189 $128,257
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $21,617,132 $19,867,703 $64,334,278 $1,749,429
2024 $20,721,446 $19,171,251 $60,601,724 $1,550,195
2023 $19,639,456 $18,103,393 $56,731,887 $1,536,063
2022 $18,643,459 $16,903,126 $53,550,692 $1,740,333
2021 $18,874,370 $16,279,798 $54,481,428 $2,594,572
2020 $18,223,824 $15,590,304 $49,938,470 $2,633,520
2019 $17,236,490 $17,193,320 $48,139,332 $43,170
2018 $17,096,256 $16,161,183 $46,028,342 $935,073
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