Nonprofit · EIN 23-2021541
PENNSWOOD VILLAGE
Also known as MICHAEL GRIFFIN
Tax-exempt · NEWTOWN, PA 18940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $48,141,785 | $39,983,192 | $8,158,593 | $152,295,072 | $121,157,111 | $31,137,961 |
| March 31, 2024 | 990 | $40,661,827 | $37,082,294 | $3,579,533 | $146,470,195 | $119,480,402 | $26,989,793 |
| March 31, 2023 | 990 | $35,887,423 | $34,822,926 | $1,064,497 | $131,543,217 | $109,858,909 | $21,684,308 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $831,531
- Program service revenue
- $39,823,769
- Investment income
- $6,924,275
- Net rental income
- $88,411
- Net gain from sales of assets
- $4,909,463
- Net income from sales of inventory
- $79,369
- Other revenue
- $562,210
Expenses
- Grants and similar amounts paid
- $999,544
- Compensation of officers, directors and key employees
- $1,018,919
- Other salaries and wages
- $15,024,664
- Salaries, compensation and benefits (total)
- $20,401,052
- Professional fundraising fees
- $0
- Legal fees
- $20,835
- Accounting fees
- $78,000
- Occupancy
- $2,178,754
- Travel
- $55,801
- Depreciation
- $7,183,121
- Program services (functional)
- $33,784,207
- Management and general (functional)
- $6,198,985
Balance sheet and other
- Total assets, start of year
- $146,470,195
- Total assets, end of year
- $152,295,072
- Total liabilities, end of year
- $121,157,111
- Net assets, end of year
- $31,137,961
- Land, buildings and equipment
- $76,449,962
- Publicly traded securities
- $62,463,241
- Net assets without donor restrictions
- $28,456,148
- Net assets with donor restrictions
- $2,681,813
- Gross receipts
- $73,005,286
- Employees
- 543
- Volunteers
- 40
- Year formed
- 1976
- State of legal domicile
- PA
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL MURRAY | CHIEF EXECUTIVE OFFICER Officer | 37 | $364,632 | $44,216 |
| TIM MCQUAID | CHIEF FINANCIAL OFFICER Officer | 37 | $245,856 | $38,746 |
| THOMAS ATKINS | CHIEF OPERATING OFFICER Officer | 37 | $240,063 | $37,482 |
| MELISSA SPADACCINO | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $164,330 | $37,839 |
| JACK DEMPSEY | DIRECTOR OF HEALTH SERVICES Highest-paid employee | 40 | $157,043 | $28,617 |
| PHILIP A PAGLIARO | DIRECT OF MARKETING Highest-paid employee | 40 | $170,504 | $12,453 |
| RAGHAN ABOUASALEH | COMMUNITY PHYSICIAN Highest-paid employee | 18 | $162,782 | $9,755 |
| BRYANT POWELL | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $147,948 | $24,186 |
| JACLYN PARRY BOGERT | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ELIZABETH FRITSCH | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| LANCE MERVINE | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| JEFF COGSHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| JULIE BARTL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| CHARLES MACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| INEZ BING | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA CARROLL | DIRECTOR Trustee or director | 1.5 | $0 |
| MIKE COPPA | DIRECTOR Trustee or director | 1.5 | $0 |
| LORNA STUART | DIRECTOR Trustee or director | 1.5 | $0 |
| ALISA MILLER | DIRECTOR (FROM MAY 2024) Trustee or director | 1.5 | $0 |
| JIM MCCLELLAN | DIRECTOR (FROM MAY 2024) Trustee or director | 1.5 | $0 |
| ELLIOT STROM | DIRECTOR (UNTIL MAY 2024) Trustee or director | 1.5 | $0 |
| KEVYN MALLOY | DIRECTOR (UNTIL MAY 2024) Trustee or director | 1.5 | $0 |
990 for the year ended March 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL MURRAY | CHIEF EXECUTIVE OFFICER Officer | 37 | $313,838 | $43,657 |
| TIM MCQUAID | CHIEF FINANCIAL OFFICER Officer | 37 | $222,540 | $36,030 |
| THOMAS ATKINS | CHIEF OPERATING OFFICER Officer | 37 | $218,050 | $36,852 |
| MELISSA SPADACCINO | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $145,846 | $36,449 |
| PHILIP A PAGLIARO | DIRECTOR OF MARKETING Highest-paid employee | 40 | $162,189 | $11,923 |
| JACK DEMPSEY | DIRECTOR OF HEALTH SERVICES Highest-paid employee | 40 | $143,635 | $28,072 |
| RAGHAN ABOUASALEH | COMMUNITY PHYSICIAN Highest-paid employee | 18 | $158,036 | $9,471 |
| BRYANT POWELL | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $138,645 | $18,482 |
| JACLYN PARRY BOGERT | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ELIZABETH FRITSCH | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| DELIA BASS DANDRIDGE | VICE CHAIR (TO 5/31/23) Trustee or director, Officer | 1.5 | $0 | $0 |
| LANCE MERVINE | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| JEFF COGSHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| JULIANN BARTI | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MIKE COPPA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| IRENE LUMP | DIRECTOR (TO 5/31/23) Trustee or director | 1.5 | $0 | $0 |
| CHARLES MACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| KEVYN MALLOY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LORNA STUART | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ELLIOT STROM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| INEZ BING | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MELISSA CARROLL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended March 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL MURRAY | CHIEF EXECUTIVE OFFICER Officer | 37 | $269,293 | $41,400 |
| THOMAS ATKINS | CHIEF OPERATING OFFICER Officer | 37 | $204,701 | $36,192 |
| TIMOTHY MCQUAID | CHIEF FINANCIAL OFFICER Officer | 37 | $213,748 | $23,190 |
| MELISSA SPADACCINO | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $138,176 | $35,564 |
| CHARLES WHITLOCK | NURSING HOME ADMINISTRATOR Highest-paid employee | 36 | $135,235 | $34,550 |
| PHILIP A PAGLIARO | DIRECTOR OF MARKETING Highest-paid employee | 40 | $158,017 | $8,757 |
| JACK DEMPSEY | DIRECTOR OF NURSING Highest-paid employee | 40 | $134,019 | $29,967 |
| RAGHAN ABOUASALEH | COMMUNITY PHYSICIAN Highest-paid employee | 18 | $153,634 | $9,127 |
| JACLYN PARRY BOGERT | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| PAUL KENNAN | CHAIR (UNTIL MAY 2022) Trustee or director, Officer | 1.5 | $0 | $0 |
| DELIA BASS DANDRIDGE | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| LANCE MERVINE | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| JEFF COGSHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| DAVID SATTERHWAIT | SECRETARY (UNTIL MAY 2022) Trustee or director, Officer | 1.5 | $0 | $0 |
| JULIANN BARTI | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MIKE COPPA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ELIZABETH FRITSCH | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| IRENE LUMP | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| CHARLES MACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| KEVYN MALLOY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LORNA STUART | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ELLIOT STROM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SANDRA REED | DIRECTOR (UNTIL MAY 2022) Trustee or director | 1.5 | $0 | $0 |
| RONALD SLIVKA | DIRECTOR (UNTIL MAY 2022) Trustee or director | 1.5 | $0 | $0 |
| ELAINE DANIELS | DIRECTOR (UNTIL MAY 2022) Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1382 NEWTOWN LANGHORNE RD, NEWTOWN, PA 18940-2418
- In care of
- % BENJAMIN T HOYLE TREASURER
- Principal officer (990 for 2024)
- DANIEL MURRAY, 1382 NEWTOWN-LANGHORNE RD, NEWTOWN, PA 18940
- Signed the 990
- TIM MCQUAID, CFO
- Phone
- (215) 968-9110
- Website
- WWW.PENNSWOOD.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
PENNSWOOD VILLAGE, A CARING COMMUNITY GUIDED BY QUAKER PRINCIPLES AND TRADITIONS, LEADS THE WAY IN THE PROVISION OF RESIDENTIAL AND HEALTHCARE SERVICES TO THOSE AGE 65 AND OLDER.
Program accomplishments
- PENNSWOOD VILLAGE BEGAN OPERATIONS IN JUNE 1980 WITH THE PURPOSE OF PROVIDING A CONTINUUM OF RESIDENTIAL, HEALTH CARE, WELLNESS, SOCIAL, AND COMMUNITY-BASED SERVICES AND PROGRAMS FOR THOSE PERSONS AGE 65 AND OLDER. PENNSWOOD VILLAGE OFFERS ACCOMMODATIONS OF 330 RESIDENTIAL LIVING APARTMENTS OF VARYING SIZES, 37 PERSONAL CARE APARTMENTS WITH 41 LICENSES AND 53 MEDICARE SKILLED NURSING BEDS THAT MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF RESIDENTS REQUIRING THESE HIGHER LEVELS OF CARE.RESIDENTS ARE ADMITTED TO THE COMMUNITY WITH CONSIDERATION GIVEN TO THEIR ABILITY TO PAY THE ESTABLISHED FEES THAT ARE BASED ON THE TYPE OF ACCOMMODATION OCCUPIED. HOWEVER, NO RESIDENTS WILL BE ASKED TO LEAVE THE COMMUNITY FOR REASONS OF INABILITY TO PAY THE ESTABLISHED FEES WHEN THE INABILITY TO PAY IS NOT THEIR OWN FAULT. FINANCIAL ASSISTANCE TO THOSE IN NEED IS AVAILABLE AND FOR THE YEAR THAT ENDED MARCH 31, 2025, $190,089 WAS AWARDED TO 5 INDIVIDUALS. OVER THE LAST TEN YEARS ASSISTANCE TO RESIDENTS AMOUNTED TO APPROXIMATELY $3.59 MILLION.PENNSWOOD VILLAGE PROVIDES HOT AND COLD FOOD AND PACKAGING SUPPLIES FOR THE WOODSIDE MEALS PROGRAM. HIGHLY NUTRITIOUS HOT MEALS ARE PRODUCED DAILY FOR THIS PROGRAM AND PROVIDED AT COST TO WOODSIDE MEALS ON WHEELS. TO SUPPORT THE SURROUNDING COMMUNITY, PENNSWOOD VILLAGE ALSO MAKES PAYMENTS IN LIEU OF TAXES (PILOT) TO THE LOCAL GOVERNMENT AND CONTRIBUTIONS TO LOCAL ORGANIZATIONS SUCH AS POLICE, FIRE AND EMS.Expenses $33,784,207 · grants $999,544 · revenue $39,823,769
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2021541
- 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
- 1977
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $152,295,072
- Income (IRS master file)
- $73,005,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $48,141,785 | $39,983,192 | $152,295,072 | XML |
| 990 | March 2024 | $40,661,827 | $37,082,294 | $146,470,195 | XML |
| 990 | March 2023 | $35,887,423 | $34,822,926 | $131,543,217 | XML |
| 990 | March 2022 | $36,428,649 | $35,091,508 | $114,761,649 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 23-2021541).
Questions about PENNSWOOD VILLAGE
- What is the EIN of PENNSWOOD VILLAGE?
- The employer identification number (EIN) of PENNSWOOD VILLAGE is 23-2021541.
- Is PENNSWOOD VILLAGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to PENNSWOOD VILLAGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNSWOOD VILLAGE 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 PENNSWOOD VILLAGE due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNSWOOD VILLAGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PENNSWOOD VILLAGE?
- The 990 for the year ended March 31, 2025 names DANIEL MURRAY.
- Who are the officers and directors of PENNSWOOD VILLAGE?
- The 990 for the year ended March 31, 2025 lists 22 people; 8 received compensation from the organization, the highest $364,632 (DANIEL MURRAY, CHIEF EXECUTIVE OFFICER).
- How much revenue does PENNSWOOD VILLAGE have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $48,141,785, expenses of $39,983,192 and total assets of $152,295,072 at year end.
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