HERITAGE CAMPUS GROUP: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HERITAGE CAMPUS GROUP (EIN 85-3072500)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-07
- IRS object ID
- 202523119349102007
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-07T13:51:46-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 S WARNER ROAD SUITE 310 | AddressLine1Txt |
| City | KING OF PRUSSIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 853072500 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERITAGE CAMPUS GROUP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERI | BusinessNameControlTxt |
| Phone | 6129026090 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 TRANQUILITY LANE | AddressLine1Txt |
| City | SHILLINGTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19607 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORNA GLEASON | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 6129026090 | PhoneNum |
| Signature | 2025-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CONNIE M LIRA | PreparerPersonNm |
| PTIN | P00481097 | PTIN |
| Phone | 2156433900 | PhoneNum |
| Preparation | 2025-11-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $82,645,842 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,400,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $227,959 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $227,959 | InterestOnSavNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $15,722,749 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $15,722,749 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $18,350,708 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $227,959 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $15,722,749 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $321,220 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $321,220 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $5,489,466 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $1,373,261 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $4,041,847 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,119,735 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $280,116 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $808,914 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $24,187 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $24,187 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $204,664 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $194,431 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $20,091 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,056,839 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $1,056,839 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $2,571,402 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $2,571,402 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,250 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,461,142 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,461,142 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $3,238,441 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $3,238,441 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $72,540 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $68,913 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,450 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $94,712 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $89,976 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $5,508 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,399,522 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $19,835 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $5,364,041 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $46,952 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $21,056,120 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,835 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $15,722,749 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,249,982 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $112,316 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $111,716 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $21,168,436 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,835 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $15,722,749 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,361,698 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,817,728 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $208,124 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $25,378 | CashEOYAmt |
| Cash EOYFMV | $25,378 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,329,636 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,032,088 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,032,088 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $253,357 | AcctRcvblAmt |
| Acct Rcvbl Allwnc Dbtfl Acct | $57,050 | AcctRcvblAllwncDbtflAcctAmt |
| Acct Rcvbl BOY | $78,091 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $196,307 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $196,307 | AcctRcvblEOYFMVAmt |
| Grants Receivable EOY | $250,000 | GrantsReceivableEOYAmt |
| Grants Receivable EOYFMV | $250,000 | GrantsReceivableEOYFMVAmt |
| Inventories BOY | $23,724 | InventoriesBOYAmt |
| Inventories EOY | $23,724 | InventoriesEOYAmt |
| Inventories EOYFMV | $23,724 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $615,204 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $424,975 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $424,975 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $52,501,399 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,639,299 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $49,639,639 | LandBOYAmt |
| Land EOY | $48,862,100 | LandEOYAmt |
| Land EOYFMV | $48,862,100 | LandEOYFMVAmt |
| Other Assets BOY | $25,809,389 | OtherAssetsBOYAmt |
| Other Assets EOY | $22,831,270 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $22,831,270 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $83,495,683 | TotalAssetsBOYAmt |
| Total Assets EOY | $82,645,842 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $82,645,842 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1,518,501 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $2,041,166 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $8,039,824 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $8,797,511 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $54,283,616 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $52,002,832 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $29,236,707 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $32,559,831 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $93,078,648 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $95,401,340 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$9,582,965 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$12,755,498 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$9,582,965 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$12,755,498 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $83,495,683 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $82,645,842 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$9,582,965 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,817,728 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | -$12,400,693 | SubtotalAmt |
| Other Decreases | $354,805 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$12,755,498 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,893 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,893 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,893 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,083 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $6,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,083 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,190 | OverpaymentAmt |
| Applied To ES Tax | $4,190 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.HERITAGEOFGREENHILLS.COM | WebsiteAddressTxt |
| Individual With Books | ALL IN ONE ACCOUNTING | IndividualWithBooksNm |
| Phone | 6513744455 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1715 YANKEE DOODLE ROAD SUITE 305 | AddressLine1Txt |
| City | EAGAN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LORNA GLEASON | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | CHAIR | 3.00 | $10,000 | $0 | $0 |
| WILLIAM C HAASE | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | VICE CHAIR | 1.00 | $8,000 | $0 | $0 |
| ADRIENNE WALKER | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | SECRETARY | 3.00 | $8,000 | $0 | $0 |
| JAMES NUGENT | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | TREASURER | 1.00 | $8,000 | $0 | $0 |
| MAUREEN SPIVACK | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | DIRECTOR | 3.00 | $13,000 | $0 | $0 |
| DOUGLAS W WALTHER | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | EXEC DIR, THE HERITAGE OF GREEN HILLS | 40.00 | $274,220 | $25,254 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| ALEXANDRA SCHRATT | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | MARKETING DIRECTOR | 40.00 | $135,767 | $3,834 | $0 |
| DEBORAH C SHANTA | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | HUMAN RESOURCES DIRE | 40.00 | $115,134 | $12,988 | $0 |
| MICHELE BUTCH | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | CARE CENTER DIRECTOR | 40.00 | $102,864 | $11,908 | $0 |
| DANIEL HILDEBRANDT | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | DIRECTOR FOOD & BEVE | 40.00 | $100,834 | $5,997 | $0 |
| KIMBERLY ANN MUSKO | ||||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | RESIDENCY COUNSELOR | 40.00 | $97,067 | $8,903 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 29 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CERTUS READING MANAGEMENT LLC | |||||
| 601 CARLSON PARKWAY 1140 | MINNETONKA | MN | 55305 | PROPERTY MANAGEMENT SERVICES | $893,817 |
| IEZZI & SONS LLC | |||||
| 477 INDIAN TRAIL RD | MOHRSVILLE | PA | 19541 | CONSTRUCTION SERVICES | $188,015 |
| STRATIX SYSTEMS INC | |||||
| 200 N PARK RD | WYOMISSING | PA | 19610 | INFORMATION TECHNOLOGY SERVICES | $105,437 |
| BOSOLD LANDSCAPING INC | |||||
| 130 PHEASANT ROAD | MOHNTON | PA | 19540 | LANDSCAPING SERVICES | $91,830 |
| ANASTASI LANDSCAPING | |||||
| 902 TWIN COUNTY RD | HONEY BROOK | PA | 19344 | LANDSCAPING SERVICES | $58,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ADMINISTRATION AND OPERATION OF SENIOR LIVING COMMUNITIES: OWNED AND OPERATED ONE (1) 70-BED PERSONAL CARE HOME (INCLUDING A 20-BED MEMORY CARE UNIT) AND 197-UNITS OF INDEPENDENT LIVING AS PART OF A CONTINUING CARE RETIREMENT COMMUNITY IN SHILLINGTON, PA SERVING 303 RESIDENTS AS OF 12/31/2024, CONSISTING OF 241 IN INDEPENDENT LIVING AND 62 IN ASSISTED LIVING.THE COMMUNITY'S FINANCIAL ASSISTANCE POLICY PROVIDES GUIDELINES FOR GRANTING FINANCIAL AID TO RESIDENTS UNABLE TO MEET THEIR MONTHLY FEES DUE TO UNFORESEEN FINANCIAL HARDSHIP. ELIGIBILITY IS BASED ON ASSETS AND INCOME CRITERIA, WITH A MAXIMUM ALLOWABLE ASSET LIMIT OF $25,000 FOR SINGLE RESIDENTS AND $50,000 FOR JOINT RESIDENTS. THE POLICY REQUIRES A THOROUGH REVIEW PROCESS, INCLUDING A FINANCIAL APPLICATION AND BOARD APPROVAL. FINANCIAL ASSISTANCE IS CONTINGENT ON THE COMMUNITY'S FINANCIAL CAPACITY AND ADHERENCE TO THE POLICY'S GUIDELINES. | Description1Txt |
| Expenses1 | $21,148,601 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,919,167 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,919,167 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,919,167 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $118,788 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,800,379 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $390,019 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,361,698 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $683,603 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $6,045,301 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2020-09-17 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,045,301 | CurrentYearAmt |
| Year1 | $7,472,272 | Year1Amt |
| Year2 | $3,045,637 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $16,563,210 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,045,301 | CurrentYearAmt |
| Year1 | $7,472,272 | Year1Amt |
| Year2 | $3,045,637 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $16,563,210 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $260,013 | CurrentYearAmt |
| Year1 | $250,678 | Year1Amt |
| Year2 | $93,311 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $604,002 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| HERITAGE RESIDENTS RECEIVING APPROV | |||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | NONE | I | CHARITY CARE | $106,829 |
| HERITAGE BENEFIT FUND | |||||||
| 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | PC | OPERATING SUPPORT | $4,887 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $111,716 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| RESIDENT MONTHLY FEES AND OTHER SERVICES | $14,602,053 |
| ENTRANCE FEES AMORTIZATION | $1,086,558 |
| RENTAL INCOME | $34,138 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $227,959 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $227,959 | ExclusionAmt |
| Related Or Exempt Function Incm | $15,722,749 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $15,950,708 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1B | RESIDENT FEES NECESSARY TO SERVE THE SENIOR LIVING COMMUNITY |
| 1D | ENTRANCE FEES NECESSARY TO SERVE THE SENIOR LIVING COMMUNITY |
| 1E | RENTAL OF SPACE NECESSARY TO SERVE THE SENIOR LIVING COMMUNITY |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| LAPIS ADVISERS LP | ||||||
| 1 | 811 E 17TH AVENUE | DENVER | CO | 80218 | $2,000,000 | Yes (X) |
| INTERNAL REVENUE SERVICE (EMPLOYEE RETENTION CREDIT) | ||||||
| 2 | DEPARTMENT OF THE TREASURY | CINCINNATTI | OH | 459990005 | $385,000 | Yes (X) |
| HERITAGE BENEFIT FUND | ||||||
| 3 | 200 TRANQUILITY LANE | SHILLINGTON | PA | 19607 | $15,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $204,664 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $194,431 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $20,091 | DisbursementsCharitablePrpsAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $6,600,000 | $0 | $6,600,000 | $6,600,000 |
| BUILDING AND IMPROVEMENTS | $42,859,217 | $2,865,726 | $39,993,491 | $39,993,491 |
| EQUIPMENT AND FURNISHINGS | $2,808,550 | $702,000 | $2,106,550 | $2,106,550 |
| VEHICLES | $233,632 | $71,573 | $162,059 | $162,059 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $24,187 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $24,187 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GOODWILL, NET | Desc |
| BOY Book Value | $25,809,389 | BOYBookValueAmt |
| EOY Book Value | $22,831,270 | EOYBookValueAmt |
| EOYFMV | $22,831,270 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP | Desc |
| Amt | $354,805 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (22 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| AMORTIZATION OF GOODWILL | $2,978,119 | $0 | $2,978,119 | $0 |
| FOOD AND BEVERAGE | $776,010 | $0 | $776,010 | $0 |
| INFORMATION TECHNOLOGY | $297,875 | $0 | $297,875 | $0 |
| INSURANCE | $425,942 | $0 | $425,942 | $0 |
| OFFICE EXPENSES | $144,526 | $0 | $137,300 | $22,818 |
| BUILDING REPAIRS AND MAINTENANCE | $178,633 | $0 | $178,633 | $0 |
| ACTIVITIES AND EVENTS | $116,839 | $0 | $116,839 | $0 |
| ADVERTISING AND PROMOTION | $97,959 | $0 | $93,061 | $6,890 |
| BAD DEBTS | $52,000 | $0 | $52,000 | $0 |
| REFERRAL FEES | $8,950 | $0 | $8,950 | $0 |
| BANK FEES | $19,835 | $19,835 | $0 | $0 |
| LICENSES AND PERMITS | $12,047 | $0 | $11,445 | $2,162 |
| MEALS AND ENTERTAINMENT | $3,325 | $0 | $3,325 | $0 |
| ONBOARDING AND TRAINING | $29,371 | $0 | $29,371 | $0 |
| RECRUITMENT | $3,687 | $0 | $3,503 | $2,366 |
| STAFF GATHERINGS | $18,345 | $0 | $17,428 | $2,230 |
| UNIFORMS | $10,036 | $0 | $10,036 | $0 |
| DUES AND SUBSCRIPTIONS | $4,467 | $0 | $4,244 | $7,090 |
| MEDICAL SUPPLIES | $31,926 | $0 | $30,330 | $3,396 |
| DINING SUPPLIES | $111,323 | $0 | $111,323 | $0 |
| HOUSEKEEPING SUPPLIES | $29,506 | $0 | $29,506 | $0 |
| EQUIPMENT RENTAL | $48,801 | $0 | $48,801 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| RESIDENT MONTHLY FEES AND OTHER SERVICES | $14,602,053 | $14,602,053 |
| ENTRANCE FEES AMORTIZATION | $1,086,558 | $1,086,558 |
| RENTAL INCOME | $34,138 | $34,138 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEPOSITS | $95,050 | $262,920 |
| REFUNDABLE ENTRANCE FEES | $29,141,657 | $31,942,106 |
| FAIR VALUE OF INTEREST RATE SWAP | $0 | $354,805 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MANAGEMENT FEES | $896,386 | $0 | $896,386 | $0 |
| OTHER PROFESSIONAL FEES | $160,453 | $0 | $160,453 | $0 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAPIS ADVISERS LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 811 E 1TH AVENUE | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80218 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | $1,700 | $0 | $0 | $0 |
| DELAWARE FRANCHISE TAX | $300 | $0 | $0 | $0 |
| DISTRICT OF COLUMBIA FRANCHISE TAX | $250 | $0 | $0 | $0 |
Comments