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Nonprofit · EIN 23-2856813

HEARTHSTONE SENIOR COMMUNITIES INC

Also known as WILLIAM TSCHOP

Tax-exempt · BALA CYNWYD, PA 19004

Financials

$92.9M$93.7M2023$100.7M$100.5M2024
Revenue Expenses · by fiscal year end
Financials of HEARTHSTONE SENIOR COMMUNITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$100,712,066$100,468,980$243,086$129,726,195$133,808,236-$4,082,041
December 31, 2023990$92,914,748$93,735,708-$820,960$133,821,337$138,146,464-$4,325,127
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,775,000
Program service revenue
$97,932,498
Investment income
$4,568
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$113,108
Other salaries and wages
$43,769,565
Salaries, compensation and benefits (total)
$53,206,007
Professional fundraising fees
$0
Legal fees
$617,926
Accounting fees
$124,864
Occupancy
$9,636,880
Travel
$858,356
Depreciation
$980,715
Program services (functional)
$87,248,025
Management and general (functional)
$13,220,955

Balance sheet and other

Total assets, start of year
$133,821,337
Total assets, end of year
$129,726,195
Total liabilities, end of year
$133,808,236
Net assets, end of year
-$4,082,041
Land, buildings and equipment
$9,311,302
Net assets without donor restrictions
-$4,082,041
Gross receipts
$100,712,066
Employees
1,321
Volunteers
0
Year formed
1996
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ASHLEY M KORAHADMINISTRATOR
Highest-paid employee
40$190,588$35,260
SARAH L GRIMESRN SUPERVISOR
Highest-paid employee
40$195,284$10,324
FATIMA DOWNEYLICENSED PRACTICAL NURSE
Highest-paid employee
40$180,580$19,887
BRENDA L DAVISADMINISTRATOR
Highest-paid employee
40$187,094$11,786
MELISSA ASHLEY CROOKSHANKSLICENSED PRACTICAL NURSE
Highest-paid employee
40$169,942$1,591
HOWARD JAFFEPresident
Trustee or director, Officer
7$64,204$0
ALVIN GARNERDIRECTOR
Trustee or director
2$8,000$0
BRIAN M WYATTDIRECTOR
Trustee or director
2$8,000$0
LORI ROMBOLDDIRECTOR
Trustee or director
2$8,000$0
JOHN S SEALDIRECTOR
Trustee or director
2$6,000$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
SARAH L GRIMESRN SUPERVISOR
Highest-paid employee
40$191,801$9,477
ASHLEY M KORAHADMINISTRATOR
Highest-paid employee
40$184,618$15,111
BRENDA L DAVISADMINISTRATOR
Highest-paid employee
40$180,795$9,477
FRANKLIN DUMELICENSED PRACTICAL NURSE
Highest-paid employee
40$171,944$9,477
MANOUCHEKA MAGLOIRE LANEAULICENSED PRACTICAL NURSE
Highest-paid employee
40$167,488$8,814
HOWARD JAFFEPRESIDENT
Trustee or director, Officer
7$81,864$0
ALVIN GARNERDIRECTOR
Trustee or director
2$12,000$0
LORI ROMBOLDDIRECTOR
Trustee or director
2$12,000$0
JOHN S SEAL JRDIRECTOR
Trustee or director
2$12,000$0
BRIAN M WYATTDIRECTOR
Trustee or director
2$12,000$0

Address and contacts

Address (IRS master file)
TWO BALA CYNWYD PLAZA 300, BALA CYNWYD, PA 19004-1512
Principal officer (990 for 2024)
Howard Jaffe, Two Bala Cynwyd Plaza 300, Bala Cynwyd, PA 19004
Signed the 990
Howard Jaffe, President
Phone
(215) 346-6454
Return prepared by
Forvis Mazars LLP

Mission

THE MISSION OF HEARTHSTONE SENIOR COMMUNITIES, INC. INCLUDES OPERATION OF ONE OR MORE NURSING HOMES, PROVISION OF HOUSING FOR THE ELDERLY, DEVELOPMENT OF MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY AND EDUCATION OF HEALTHCARE PERSONNEL IN THE PROPER CARE OF THE ELDERLY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OPERATES 8 SKILLED NURSING FACILITIES, WITH A COMBINED CAPACITY OF 960 BEDS, DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 315,165 RESIDENT DAYS.
    Expenses $87,248,025 · revenue $97,932,498

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2856813
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E120)
Assets (IRS master file)
$129,726,195
Income (IRS master file)
$100,712,066

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$100,712,066$100,468,980$129,726,195IRS
990December 2023$92,914,748$93,735,708$133,821,337XML
990December 2022$83,044,362$94,137,201$102,382,240IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2856813).

Questions about HEARTHSTONE SENIOR COMMUNITIES INC

What is the EIN of HEARTHSTONE SENIOR COMMUNITIES INC?
The employer identification number (EIN) of HEARTHSTONE SENIOR COMMUNITIES INC is 23-2856813.
Is HEARTHSTONE SENIOR COMMUNITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to HEARTHSTONE SENIOR COMMUNITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEARTHSTONE SENIOR COMMUNITIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEARTHSTONE SENIOR COMMUNITIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEARTHSTONE SENIOR COMMUNITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HEARTHSTONE SENIOR COMMUNITIES INC?
The 990 for the year ended December 31, 2024 names Howard Jaffe.
Who are the officers and directors of HEARTHSTONE SENIOR COMMUNITIES INC?
The 990 for the year ended December 31, 2024 lists 10 people; 10 received compensation from the organization, the highest $190,588 (ASHLEY M KORAH, ADMINISTRATOR).
How much revenue does HEARTHSTONE SENIOR COMMUNITIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $100,712,066, expenses of $100,468,980 and total assets of $129,726,195 at year end.

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