Courtland Gardens Nursing and Rehabilitaion
DBA: COURTLAND GARDENS NURSING &
CARE FOR THE ELDERLY AND DISABLED.
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$24.3M
Total Expenses
$23.8M
Net Assets
$38.7M
Employees
0
Program Expense Ratio
67.2%
This nonprofit profile presents IRS Form 990 tax filing data for Courtland Gardens Nursing and Rehabilitaion (EIN: 52-0607907), based on the 2022 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Courtland Gardens Nursing and Rehabilitaion is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 1937. The organization has held tax-exempt status since 1942. In its 2022 filing, the organization reported $24.3M in total revenue, a 12.3% increase from the prior year, and $23.8M in total expenses. Neil Meltzer, Courtland Pres/LBH Pres & CEO, is the highest-compensated individual at $4,027,911. The organization runs 1 program, totaling $16.0M in program expenses. 4 of 6 recommended governance policies are in place.
Courtland Gardens Nursing and Rehabilitaion is classified under NTEE code E91Z. Its foundation type is 16.
Programs(Tax Year 2022)
1 record
Courtland Gardens Nursing and Rehabilitaion operates 1 program, with total program expenses of $16.0M. Courtland Gardens Nursing and Rehabilitaion's largest program accounts for 100% of total program spending.
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. SPECIFICALLY, THE PURPOSES OF THE CORPORATION ARE TO PROVIDE, ESTABLISH, AND MAINTAIN SERVICES, PROGRAMS, AND FACILITIES FOR THE CARE, COMFORT, AND SHELTER OF INFIRM, ILL, AND AGED PERSONS. TO PARTICIPATE IN THE DEVELOPMENT OF SOCIAL WELFARE AND HEALTH PROGRAMS BENEFITING THE INFIRM, ILL, AND AGED. TO ENGAGE IN SUCH OTHER CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES AS ARE APPROVED FROM TIME TO TIME BY THE CORPORATION'S BOARD OF DIRECTORS.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Courtland Gardens Nursing and Rehabilitaion's revenue has grown from $20.1M to $24.3M, a 20.8% increase. Program expenses represent 67% of total spending.
Revenue increased 12.3% year-over-year, while expenses grew 5.1%. net assets rose to $38.7M, up 1.9% from the prior year.
Courtland Gardens Nursing and Rehabilitaion derives 0% from contributions and grants, with 99% from program services, with 0% from investment income.
Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.
Courtland Gardens Nursing and Rehabilitaion allocates 67% to programs, 33% to management and general.
Revenue grew by 12.3% while expenses grew by only 5.1%, suggesting improving operational efficiency.
Over 4 filings from 2019–2022, Courtland Gardens Nursing and Rehabilitaion grew revenue from $20.1M to $24.3M (+20.8%) while maintaining a program expense ratio of 67%.
Courtland Gardens Nursing and Rehabilitaion holds $84.6M in total assets against $45.9M in liabilities (debt-to-asset ratio of 54%). The organization has 19.5 months of operating reserves. Cash and equivalents of $2.7M cover approximately 1.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $24.3M | $107K | $107K | $24.1M | $46K |
| 2021 | $21.6M | $169K | $169K | $21.4M | $89 |
| 2020 | $19.6M | $329K | $329K | $19.3M | $-7K |
| 2019 | $20.1M | $365K | $365K | $19.7M | $31K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $23.8M | $16.0M | $7.8M | $0 | $0 |
| 2021 | $22.7M | $15.2M | $7.4M | $0 | $0 |
| 2020 | $23.0M | $13.9M | $9.1M | $0 | $0 |
| 2019 | $19.2M | $12.3M | $6.8M | $0 | $0 |
Program Expense Ratio
67.2%
Admin Expense Ratio
32.8%
Fundraising Efficiency
—
Operating Reserve
19.5 mo
People & Compensation(Tax Year 2022)
4 records
Courtland Gardens Nursing and Rehabilitaion reported compensation for 4 officers and key employees. Total officer compensation was $7.9M, representing 33.1% of total expenses. 4 individuals received total compensation exceeding $500,000.
Courtland Gardens Nursing and Rehabilitaion's highest-compensated individual received $4.0M in total compensation. Total officer compensation of $7.9M represents 33.1% of total expenses. 3 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Neil Meltzer | Courtland Pres/LBH Pres & CEO | OfficerDirector | 1.00 | $0 | $3,617,972 | $4,027,911 |
| David Krajewski | Courtland VP, treas/LBH EXC VP | OfficerDirector | 1.00 | $0 | $1,734,148 | $2,261,085 |
| Jason Weiner | COURTLAND VP & SEC/LBH SR VP | Officer | 1.00 | $0 | $930,684 | $1,076,887 |
| Jonathan Binder | COURTLAND VP | OfficerDirector | 1.00 | $0 | $455,031 | $520,348 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Neil Meltzer
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
David Krajewski
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jonathan Binder
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jason Weiner
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2022)
Courtland Gardens Nursing and Rehabilitaion has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 0 of whom are independent.
Courtland Gardens Nursing and Rehabilitaion's financial statements are audited, an audit committee oversees the process.
Courtland Gardens Nursing and Rehabilitaion delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1942–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $24.3M | $23.8M | $38.7M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $21.6M | $22.7M | $38.0M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $19.6M | $23.0M | $23.2M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $20.1M | $19.2M | $26.9M |
| 1942–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Courtland Gardens Nursing and Rehabilitaion do?
CARE FOR THE ELDERLY AND DISABLED.
How much revenue does Courtland Gardens Nursing and Rehabilitaion have?
Courtland Gardens Nursing and Rehabilitaion reported $24,277,993 in total revenue for tax year 2022, up 12.3% from the prior year.
Who is the highest-paid executive at Courtland Gardens Nursing and Rehabilitaion?
Neil Meltzer, Courtland Pres/LBH Pres & CEO, received $4,027,911 in total compensation as of tax year 2022.
Is Courtland Gardens Nursing and Rehabilitaion a 501(c)(3)?
Yes, Courtland Gardens Nursing and Rehabilitaion is classified as a 501(c)(3) tax-exempt organization.
Where is Courtland Gardens Nursing and Rehabilitaion located?
Courtland Gardens Nursing and Rehabilitaion is headquartered in BALTIMORE, MD 21215.
Is Courtland Gardens Nursing and Rehabilitaion audited?
Yes, Courtland Gardens Nursing and Rehabilitaion's financial statements are audited, and the organization has an audit committee.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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