Overview
What is Broadmead Inc?
Broadmead Inc, a Cockeyville, Maryland-based nonprofit organization, focuses on providing comprehensive care for the elderly through a continuum of living arrangements. The community offers three levels of care: independent living, assisted living, and the health care center. Independent living caters to aging individuals with medical, dietary, social, and housekeeping services. Broadmead served approximately 135,366 independent living residents during the fiscal year 2021-2022. Assisted living offers intermediate care for residents needing help with daily living activities but not requiring 24-hour skilled nursing care, and encourages residents to maintain their highest level of independence. Broadmead cared for approximately 8,298 assisted living residents during the same period. Lastly, the health care center provides 24-hour skilled nursing care, available on both a long-term and short-term basis. Broadmead had approximately 7,390 health care center residents during the fiscal year 2021-2022. The mission of Broadmead Inc is to support elderly individuals in fostering independence, growth, and opportunities during their golden years, offering exceptional health services and upholding Quaker values. The organization had a total of 384 employees.
Official website here: www.broadmead.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Broadmead Inc has received a Three-Star rating from Charity Navigator, primarily based on its solid accountability and finance practices, scoring 83% in this area. The organization's governance is strong, featuring a fully independent board with 16 members, which reflects a commitment to ethical oversight. Additionally, the charity demonstrates sound financial management with no reported material diversion of assets, and a high program expense ratio, indicating that a significant portion of funds is directed toward its mission.
The organization has established comprehensive policies, including conflict of interest and whistleblower protections, which add to its transparency and reliability. It also maintains thorough documentation, including meeting minutes and financial statements, which are transparent to stakeholders. These strengths contribute to building trust among donors and the community served.
However, the organization has a liabilities to assets ratio of 66.72%, which could raise some concerns regarding its financial leverage and long-term sustainability. While the overall financial management is commendable, potential donors might want to consider this aspect when evaluating the charity's overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Broadmead Inc legitimate?
Broadmead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadmead Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,350,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,295,897
For more financial information, click here
Official website here: www.broadmead.org
What is the mission statement of Broadmead Inc?
Broadmead Inc is dedicated to fostering independence, growth, and opportunities in elderhood by providing exceptional health services and upholding Quaker values. They support a dynamic community through three levels of care: independent living, assisted living, and the healthcare center. In independent living, they offer comprehensive services to promote independence for aging people. Approximately 135,366 residents resided in this level of care during the fiscal year 2021-2022. The assisted living level caters to residents needing help with daily living activities, encouraging them to function at their highest level of independence. Around 8,298 residents received care in this category during the same period. The healthcare center offers quality nursing care with skilled nursing available on both a long-term and short-term basis. Approximately 7,390 residents benefited from this level of care during the fiscal year 2021-2022.
Official website here: www.broadmead.org
Who is the CEO of Broadmead Inc?
Jennifer Schilpp is the President/Ceo of Broadmead Inc. The CEO's salary of Broadmead Inc is $351,792 and their total compensation is $373,479.
Official website here: www.broadmead.org
What is the revenue of Broadmead Inc?
Broadmead Inc's revenue in 2022 was $37,891,159.
Official website here: www.broadmead.org
Who are the executives of Broadmead Inc and what are their salaries?
The average compensation at Broadmead Inc during 2022 was $32,932. There are 384 employees and 30 volunteers at Broadmead Inc.
Here are 25 key members and their salaries (Broadmead Inc's CEO's salary is $351,792 and their total compensation is $373,479):
- Compensation: $351,792
- Related: $0
- Other: $21,687
- Compensation: $293,079
- Related: $0
- Other: $8,774
- Compensation: $191,452
- Related: $0
- Other: $22,000
- Compensation: $187,778
- Related: $0
- Other: $21,953
- Compensation: $182,638
- Related: $0
- Other: $12,517
- Compensation: $153,120
- Related: $0
- Other: $20,674
- Compensation: $146,553
- Related: $0
- Other: $20,399
- Compensation: $145,445
- Related: $0
- Other: $20,229
- Compensation: $146,617
- Related: $0
- Other: $0
- Compensation: $113,540
- Related: $0
- Other: $5,021
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Official website here: www.broadmead.org
Where can I find the form 990 for Broadmead Inc?
Broadmead Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadmead.org
Learn more at the official website: www.broadmead.org
Mission Statement of Broadmead Inc
Broadmead Inc, a renowned nonprofit organization, is dedicated to fostering independence, growth, and opportunities in elderhood. This dynamic community prioritizes exceptional health services, collaborative relationships, and upholds Quaker values.
At the heart of Broadmead Inc's mission lies the provision of comprehensive care for the elderly. The organization offers three levels of care designed to cater to various needs: independent living, assisted living, and the healthcare center. The independent living program provides extensive services, including medical, dietary, social, and housekeeping support, allowing aging people to thrive in an independent environment. Broadmead Inc welcomed approximately 135,366 residents during the fiscal year ended June 30, 2022.
The assisted living program is designed for seniors who need assistance with some activities of daily living but do not require 24-hour skilled nursing care. Broadmead Inc encourages residents to function at their highest level of independence, offering an intermediate level of care that strikes a balance between autonomy and support. During the same fiscal year, the organization served approximately 8,298 residents in the assisted living program.
The healthcare center is Broadmead Inc's highest level of care, providing 24-hour skilled nursing care on both a long-term and short-term basis. This level of care offers comfort and expert attention for those requiring intensive medical support. Broadmead Inc had approximately 7,390 residents in the healthcare center during the fiscal year ended June 30, 2022. In summary, Broadmead Inc's mission is to create an empowering environment for the elderly by providing exceptional care, fostering autonomy, and upholding Quaker values.
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Impact
October, 2024
Broadmead Inc significantly enhances the quality of life for elderly individuals by offering a continuum of care that supports independence, growth, and social engagement. Located in Cockeysville, MD, Broadmead operates a comprehensive Continuing Care Retirement Community that encompasses three key levels of care: Independent Living, Assisted Living, and a Health Care Center.
In Independent Living, Broadmead provides residents with extensive support services tailored to their individual needs. This includes medical, dietary, social, and housekeeping services, all designed to foster a vibrant, independent lifestyle. With approximately 135,366 census days recorded in the fiscal year ending June 30, 2022, Broadmead has successfully created an environment where older adults can thrive.
For those who require additional assistance, Broadmead's Assisted Living services offer an intermediate level of care. This aspect of the community encourages residents to maintain their independence while receiving the necessary help with daily activities. The 8,298 census days reported for Assisted Living during the same fiscal period highlight the center's role in meeting the diverse needs of its residents.
Broadmead's commitment extends to its Health Care Center, which provides quality nursing care in a comfortable setting. Both long-term and short-term options are available, ensuring that residents can access 24-hour skilled nursing care when needed. The Health Care Center recorded approximately 7,390 census days in the last fiscal year, demonstrating its importance as a critical resource for those requiring ongoing medical support.
Rooted in Quaker values, Broadmead fosters a dynamic community that promotes collaboration and exceptional health services. By prioritizing the well-being of its residents, Broadmead Inc creates an inclusive environment that empowers elderly individuals to live fulfilling lives while maintaining their dignity and independence.
This information is meant to be a general summary of Broadmead Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,138,715
- Program Service Revenue: $32,289,653
- Gross Receipts: $54,536,832
Assets and Liabilities:
- Total Assets: $198,670,500
- Total Liabilities: $136,573,648
- Net Assets: $62,096,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT CARE SERVICES
Revenue
$22,612,950
AMORTIZATION OF ENTRANCE FEES
Revenue
$6,793,706
MEDICAL REVENUE
Revenue
$2,121,979
RESIDENTIAL SERVICES AGENCY
Revenue
$758,185
MANAGEMENT FEES
Revenue
$2,833
Organization Details
Founding Year
1976
Phone
(443) 578-8001Principal Officer
Jennifer Schilpp
Main Address
13801 YORK ROAD, COCKEYSVILLE, MD, 210301825
Website
www.broadmead.orgNTEE Category
Code: P750 - Human services
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