Rosswoods Inc
- Assets
- $2.2m
- Revenue
- $878.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Dalton, GA
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-0314596
Organization Overview
Rosswoods Inc is located in Dalton, GA. The organization was established in 2004. According to its NTEE Classification (P71) the organization is classified as: Adult Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Rosswoods Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosswoods Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rosswoods Inc generated $878.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $728.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADULT DAY SERVICES
Describe the Organization's Program Activity:
ROSSWOODS, INC. PROVIDES ADULT DAY CARE SERVICES FOR ELDERLY AND DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Blackman Secretary | OfficerTrustee | 1 | $0 |
Kim Epps Treasurer | OfficerTrustee | 1 | $0 |
Bryan Macon Chairman | OfficerTrustee | 1 | $0 |
Tommy Thompson Vice Chairman | OfficerTrustee | 1 | $0 |
Elizabeth Avett Director | Trustee | 1 | $0 |
Reginald Sherrill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $536,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,017 |
| Total Program Service Revenue | $190,352 |
| Investment income | $11,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $878,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,903 |
| Advertising and promotion | $5,704 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,131 |
| Insurance | $25,931 |
| All other expenses | $27,489 |
| Total functional expenses | $728,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,746 |
| Savings and temporary cash investments | $341,540 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $34,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,747 |
| Net Land, buildings, and equipment | $1,365,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $2,212,405 |
| Accounts payable and accrued expenses | $29,143 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,143 |
| Net assets without donor restrictions | $2,052,189 |
| Net assets with donor restrictions | $131,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,212,405 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rosswoods Inc has recieved totaling $192,141.
| Awarding Organization | Amount |
|---|---|
United Way Of Northwest Georgia Inc Dalton, GA PURPOSE: OPERATING | $170,000 |
Community Foundation Of Northwest Georgia Inc Dalton, GA PURPOSE: CIVIC & HUMAN SERVICES | $12,099 |
The Nabors To Neighbors Foundation Inc Rocky Face, GA PURPOSE: OPERATING EXPENSES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adult Center For Enrichment Inc Greensboro, NC | $2,389,034 | $4,332,250 |
New Life Tn Winchester, TN | $5,951,032 | $3,273,560 |
Arc Of St Clair County Pell City, AL | $314,974 | $1,916,429 |
Charles House Association Chapel Hill, NC | $2,713,199 | $1,972,465 |
The Arc Of Southwest Alabama Chatom, AL | $1,898,814 | $2,029,136 |
Paulding Enterprises Inc Dallas, GA | $1,352,935 | $887,582 |
Rosswoods Inc Dalton, GA | $2,212,405 | $878,180 |
Thrive Memphis Memphis, TN | $384,336 | $501,619 |
Women For Hospice Inc Mount Dora, FL | $137,193 | $0 |
Creative Living Center Inc Greenville, NC | $43,506 | $167,569 |
The Guest House Inc Gainesville, GA | $0 | $28,593 |
Friendship Adult Day Services Inc Burlington, NC | $107,140 | $174,650 |