FOUNDATION FOR ELDERCARE

EIN: 264755439 501(c)(3)

Newtown Square, PA

Total Revenue
$539,428
Total Expenses
$466,556
Total Assets
$5,502,042
Net Assets
$3,099,617
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
PA
Principal Officer
John G Berg
Phone
6105201100
Tax Period
2020-01-01 to 2020-12-31

FOUNDATION FOR ELDERCARE, founded in 2009, is a small nonprofit that reported $539K in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $467K left a modest 14% surplus.

Mission

To provide modern, affordable housing to facilitate aging-in-place for low income, handicapped and senior citizens

Program Service Accomplishments

Program 1
Expenses: $131,322 Revenue: $293,213

Foundation scaled down its existing housing operations in Pennsylvania throughout TY 2020, finally disposing of all income producing houses by September 2020. Foundation was able to transfer all of...

Read more

Foundation scaled down its existing housing operations in Pennsylvania throughout TY 2020, finally disposing of all income producing houses by September 2020. Foundation was able to transfer all of the houses without financial liability for the tax liens which, when added to mortgage balances, exceeded the market value of the houses. The income and expense figures inserted here reflect a prior operation in Pennsylvania which has been discontinued. New, low income housing is being developed in MD and DE, venues in which the real estate tax burden allows operations at a positive cash flow for Foundation.

Program 2
Expenses: $0 Revenue: $0

this sum reflects continued engineering and legal expenses required for the continued effort to obtain final subdivsion approval for the 40-acres of land in Cecil County MD

Program 3
Expenses: $0 Revenue: $0

no expenses incurred

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $4,765
Program Service Revenue $293,214
Investment Income $0
Other Revenue $241,449
TOTAL REVENUE $539,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,063
Fundraising Expenses $0
Program Expenses $131,322
Other Expenses $312,824
TOTAL EXPENSES $466,556

Year-over-Year Comparison

2020 2019 Change
Revenue $539,428 $491,695 +0.1%
Expenses $466,556 $673,988 -0.3%
Net Income $72,872 $-182,293 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$122,063
Total Directors
2
$122,063
Key Employees
1
$100,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John G Berg Chairman Trustee 40
Officer Director Key Emp Highest
$100,000 $0 $100,000
Deborah A Wissman VP Admin - Trustee 10
Officer Director
$22,063 $0 $22,063
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
2020 $539,428 $466,556 $5,502,042 $72,872
2020 $539,428 $466,556 $5,502,042 $72,872
2019 $491,695 $673,988 $9,096,795 $-182,293
2019 $941,695 $603,988 $9,096,795 $337,707
2018 $615,811 $1,237,478 $11,567,344 $-621,667
Explore More Nonprofits
→Top 100 Nonprofits in Pennsylvania →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FOUNDATION FOR ELDERCARE with other nonprofits in Pennsylvania and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.