Preferred Choice Healthcare Inc
- Assets
- $302.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Shelby, NC
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 27-3150223
Organization Overview
Preferred Choice Healthcare Inc is located in Shelby, NC. The organization was established in 2011. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Preferred Choice Healthcare Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preferred Choice Healthcare 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, Preferred Choice Healthcare Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AWARENESS EDUCATION AND INTERVENTION TRAINING TO INCREASE TREATMENT EFFICACY FOR PEOPLE WITH MENTAL HEALTH AND SUBSTANCE ABUSE ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART III LINE 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Powell Executive Director Board Memb | OfficerTrustee | 50 | $0 |
Deborah Hester Secretary | OfficerTrustee | 3 | $0 |
Greg Moon Treasurer | OfficerTrustee | 3 | $0 |
Kristina Acosta Board Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,351 |
| Total Program Service Revenue | $1,091,237 |
| Investment income | $15 |
| 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 | $1,245,603 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,612 |
| Payroll taxes | $54,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,093 |
| Advertising and promotion | $5,077 |
| Office expenses | $20,049 |
| Information technology | $29,087 |
| Royalties | $0 |
| Occupancy | $112,157 |
| Travel | $195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,129 |
| Insurance | $14,208 |
| All other expenses | $0 |
| Total functional expenses | $1,048,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,288 |
| Savings and temporary cash investments | $127,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,000 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $3,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,695 |
| Accounts payable and accrued expenses | $9,677 |
| 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 | $10,106 |
| Other liabilities | $0 |
| Total liabilities | $19,783 |
| Net assets without donor restrictions | $282,912 |
| Net assets with donor restrictions | $0 |
| 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 | $302,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Behavioral Health Services Inc Sylva, NC | $4,287,146 | $11,125,005 |
Tennessee Family Solutions Inc Smyrna, TN | $15,676,740 | $11,557,819 |
Childsavers-Memorial Child Guidance Clinic Richmond, VA | $4,433,462 | $9,884,125 |
Mental Illness Recovery Center Inc Columbia, SC | $3,994,336 | $6,973,489 |
Helen Ross Mcnabb Mental Health Foundation Inc Knoxville, TN | $43,430,645 | $5,812,040 |
T A M B Of Jackson Tennessee Inc Jackson, TN | $5,266,394 | $4,268,228 |
Behavioral Health Initiatives Inc Paris, TN | $2,436,762 | $3,081,771 |
Family Safety Center Of Memphis And Shelby County Inc Memphis, TN | $963,743 | $3,212,059 |
Georgia Rehabilitation Outreach Inc East Point, GA | $76,955 | $1,796,455 |
Alteristic Inc Alexandria, VA | $1,978,115 | $2,357,059 |
Gateway House Inc Greenville, SC | $9,314,354 | $2,382,119 |
Manna Scholarship Fund Inc Duluth, GA | $610,407 | $2,384,549 |