Hearthstone Senior Communities Inc
87% goes to programs $0 to raise $100 Thin reserves Growing revenue
Hearthstone Senior Communities Inc is a 501(c)(3) organization based in Bala Cynwyd, Pennsylvania, registered in 2000, with $100,712,066 in FY2024 revenue. CharityIndex grades it C+, and it directs about 87% of spending to programs.
Two Bala Cynwyd Plaza 300, Bala Cynwyd, PA, 19004 EIN 23-2856813 Since 2000
Revenue (FY2024)
$100.7M
▲ 8.4% vs prior year
Health median: $840K
Expenses (FY2024)
$100.5M
Net assets
-$4.1M
Employees
1,321
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating87% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hearthstone Senior Communities Inc: 87% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hearthstone Senior Communities Inc: 0 mo reserves · +0% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hearthstone Senior Communities Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hearthstone Senior Communities Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operate nursing homes, provide housing, and develop medical programs for the care of the elderly.
Contact & location
- Address
- Two Bala Cynwyd Plaza 300, Bala Cynwyd, PA, 19004
- City
- Bala Cynwyd
- State
- Pennsylvania
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $94.7M (FY2013) to $100.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $133.8MNet assets -$4.1M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$129.7M
Total liabilities
$133.8M
Net assets
-$4.1M
Salaries & benefits
$53.2M
53% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $100,712,066▲8.4% | $100,468,980▲7.2% | -$4,082,041▲5.6% | $129,726,195▼3.1% | 990 |
| 2023 | $92,914,748▲11.9% | $93,735,708▼0.4% | -$4,325,127▼42.2% | $133,821,337▲30.7% | 990 |
| 2022 | $83,044,362▼0.5% | $94,137,201▼1.9% | -$3,041,455▼138% | $102,382,240▲327% | 990 |
| 2021 | $83,448,118▼4.9% | $95,991,307▲5.9% | $8,051,384▼60.9% | $23,952,064▼12.3% | 990 |
| 2020 | $87,702,188▲3.3% | $90,658,659▲2.1% | $20,594,573▼12.6% | $27,323,079▼14.3% | 990 |
| 2019 | $84,921,541▼16.7% | $88,805,839▼16.0% | $23,551,044▼14.2% | $31,899,429▼15.1% | 990 |
| 2018 | $101,926,295▼2.0% | $105,762,721▼1.0% | $27,435,342▼14.2% | $37,581,082▼11.6% | 990 |
| 2017 | $104,027,188▲5.0% | $106,801,482▲3.3% | $31,970,775▼8.0% | $42,494,450▼3.3% | 990 |
| 2016 | $99,103,189▼1.3% | $103,346,988▲0.3% | $34,745,069▼10.9% | $43,954,760▼10.2% | 990 |
| 2015 | $100,426,638▲3.6% | $103,011,697▲8.6% | $38,988,868▼6.2% | $48,923,099▲2.9% | 990 |
| 2014 | $96,907,270▲2.3% | $94,890,041▲2.8% | $41,573,927▲5.1% | $47,539,854▲2.8% | 990 |
| 2013 | $94,706,787 | $92,327,257▲3.0% | $39,556,698▲6.4% | $46,266,513▲6.1% | 990 |
| 2012 | — | $89,632,082▼3.6% | $37,177,168▲19.4% | $43,609,843▼0.6% | 990 |
| 2011 | — | $92,957,626▲3.1% | $31,141,632▲7.9% | $43,883,578▲23.4% | 990 |
| 2010 | — | $90,200,148 | $28,861,387 | $35,550,558 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Sarah L Grimes — $195,284 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sarah L Grimes | Rn Supervisor | 40 | $195,284 |
| Ashley M Korah | Administrator | 40 | $190,588 |
| Brenda L Davis | Administrator | 40 | $187,094 |
| Fatima Downey | Licensed Practical Nurse | 40 | $180,580 |
| Melissa Ashley Crookshanks | Licensed Practical Nurse | 40 | $169,942 |
| Howard Jaffe | President | 7 | $64,204 |
| Alvin Garner | Director | 2 | $8,000 |
| Brian M Wyatt | Director | 2 | $8,000 |
| Lori Rombold | Director | 2 | $8,000 |
| John S Seal | Director | 2 | $6,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Select Rehabilitation Inc | Therapy Services | $10,752,906 |
| Themis Health Services LLC | Consulting Services | $2,816,288 |
| Kane Financial Services 1675 | Consulting Services | $2,617,145 |
| Sysco Corporation | Food Supplies | $1,879,526 |
| Consulting Support Services LLC | Consulting Services | $1,717,219 |
Grants received · $1.5M total
1 grant to Hearthstone Senior Communities Inc totaling $1.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Orlando Rehabilitation Group Inc | To provide support for the organization's mission | 2023 | $1,500,000 |
Grants made · $1.2M in FY2017
2 grants totaling $1.2M in FY2017. All grants made by Hearthstone Senior Communities Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Frontline Senior Care Inc | General support | $1,180,000 |
| Florida Health Care Association | General support | $10,726 |
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Frequently asked questions
- Is Hearthstone Senior Communities Inc a legitimate nonprofit?
- Yes. Hearthstone Senior Communities Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2856813, based in Bala Cynwyd, Pennsylvania. Donations are tax-deductible.
- What is Hearthstone Senior Communities Inc's EIN?
- Hearthstone Senior Communities Inc's Employer Identification Number (EIN) is 23-2856813.
- How much revenue does Hearthstone Senior Communities Inc report?
- Hearthstone Senior Communities Inc reported $100,712,066 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hearthstone Senior Communities Inc's spending goes to programs?
- Hearthstone Senior Communities Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hearthstone Senior Communities Inc have?
- CharityIndex grades Hearthstone Senior Communities Inc C+, based on program efficiency and fundraising cost.
- How much does Hearthstone Senior Communities Inc's highest-paid employee make?
- The highest reported compensation on Hearthstone Senior Communities Inc's latest Form 990 is $195,284, paid to Sarah L Grimes (Rn Supervisor).
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Data for Hearthstone Senior Communities Inc (EIN 23-2856813) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.