Program areas at Laurel Circle
The corporation is incorporated under the nonprofit corporation law of 1972 of the commonwealth of Pennsylvania, as amended, for the purposes of conducting exclusively charitable, scientific, or educational activities within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (or the corresponding provision of any successor united states internal revenue law) (the "internal revenue code"), including but not limited to (1) providing administrative, property management, and other support services for nonprofit organizations; (2) owning or operating, including developing and managing, or both, either directly or indirectly through any other entity or organization, any life care facility in the nature of continuing care Retirement community or life care at home program or otherwise designed to benefit elderly persons and in general to implement programs designed to meet the needs of elderly persons; and (3) making donations and other transfers to charitable organizations and other organizations affiliated with the corporation and described in section 501(c)(3) of the internal revenue code, consistent with and in furtherance of these purposes.through july 12, 2018, Friends Retirement Concepts, Inc. d/b/a Arbor Glen ("Arbor Glen") was a not-for-profit organization that operated a continuing-care Retirement community. Arbor Glen's community consists of 183 independent living apartment units, 19 independent living villa units, and a health center comprised of 33 assisted living units/ licensed for 35 beds and 64 medicare certified nursing beds. Arbor Glen's community is located on approximately 24 acres in somerset county, new jersey. A majority of Arbor Glen's board of directors were required to be members of the religious society of Friends. Effective july 13, 2018, Arbor Glen sold substantially all assets and properties used in or incidental to the conduct of the business to bridgewater life care property, llc., and this reporting entity will no longer operate as a continuing-care Retirement community. The operations of the continuing-care Retirement community, however, will continue under the control of bridgewater life care property, llc, which is unrelated to Arbor Glen.
Personnel at Laurel Circle
Name | Title | Compensation | Date of data |
---|
Felix Rosenwasser | President and Chief Executive Officer | $173,132 | 2019-06-07 |
Robert Green | Secretary | $0 | 2018-12-31 |
Randy Malone | Vice Chair | $0 | 2018-12-31 |
John Vincent | Director / Chairperson | $0 | 2018-12-31 |
Lisa Coddington | Controller and Assistant Treasurer | $111,696 | 2018-12-31 |
...and 3 more key personnel |
Financials for Laurel Circle
Revenues | FYE 12/2018 | FYE 12/2017 | % Change |
---|
Total grants, contributions, etc. | $14,400 | $65,029 | -77.9% |
Program services | $9,115,095 | $19,124,328 | -52.3% |
Investment income and dividends | $511,333 | $263,644 | 93.9% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $-1,125 | -100% |
Net gain from sale of non-inventory assets | $67,474,910 | $0 | 999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $313,910 | $391,581 | -19.8% |
Total revenues | $77,429,648 | $19,843,457 | 290.2% |
Organizations like Laurel Circle
Organization | Type | Location | Revenue |
---|
Londonderry Village (LVBH) | 501(c)(3) | Palmyra, PA | $26,365,122 |
Brethren Hillcrest Homes | 501(c)(3) | La Verne, CA | $27,367,795 |
Homestead Village | 501(c)(3) | Lancaster, PA | $26,089,008 |
Medford Leas | 501(c)(3) | Medford, NJ | $49,548,605 |
Simpson House | 501(c)(3) | Bala Cynwyd, PA | $20,128,770 |
Jenner's Pond | 501(c)(3) | West Grove, PA | $24,935,898 |
Brethren Village Retirement Community | 501(c)(3) | Lititz, PA | $53,429,612 |
Las Ventanas Retirement Community | 501(c)(3) | Pleasanton, CA | $25,736,224 |
RiverMead | 501(c)(3) | Peterborough, NH | $26,693,338 |
Southminster | 501(c)(3) | Charlotte, NC | $38,734,490 |
Data update history
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
September 28, 2020
Posted financials
Added Form 990 for fiscal year 2019
August 28, 2019
Used new vendors
Identified 3 new vendors, including , , and
December 29, 2018
Used new vendors
Identified 3 new vendors, including , , and
November 29, 2018
Posted financials
Added Form 990 for fiscal year 2017
Nonprofit Types
Nursing homesHuman service organizationsRetirement homes
Issues
HealthHuman services
Characteristics
Political advocacyLobbyingPartially liquidatedFundraising eventsGala fundraisers
General information
- Address
- C/O F Rosenwasser 10 Cherokee Rd
- East Brunswick, NJ 08816
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Middlesex County, NJ
- Phone
- (866) 754-5952
- Facebook page
- LaurelCircleLCSÂ
IRS details
- EIN
- 23-2377560
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1985
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- P75: Senior Continuing Care Communities
- NAICS code, primary
- 62331: Assisted Living and Continuing Care Retirement Communities
- Parent/child status
- Independent
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