Goldencare Inc

Organization Overview

Goldencare Inc is located in Lancaster, SC. The organization was established in 2002. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Goldencare Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldencare 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 12/2023, Goldencare Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED DAYCARE FACILITIES AND SUPERVISED ACTIVITIES FOR UP TO FORTY, 18 YEARS AND OLDER INDIVIDUALS PER DAY, WHO ARE AT RISK OF DEMENTIA


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Board, Officers & Key Employees

Name (title)Compensation
Joseph P Goldsmith
President
$65,000
John Dewese
Trustee
$0
Govan T Myers
Secretary
$0
Thomas Lever
Treasurer
$0
James Massey
Chairman
$0
Benjamin Dunlap
Vice Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $574,526
All other contributions, gifts, grants, and similar amounts not included above$3,962
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$578,488
Total Program Service Revenue$1,737,007
Investment income $20,323
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,675
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,350,493

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$15,996,016
A G Rhodes Home Inc
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$17,444,053
Atlanta Association For Convalescent Aged Persons Inc
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$12,103,103
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University Extended Care Inc
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$16,899,441
Holy Angels Services Inc
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$9,624,595
Magnolia Manor Of Liberty County Inc
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$5,298,607
Staywell Senior Care
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$7,095,581
Magnolia Manor Of Marion County Inc
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$6,874,908
Resource Healthcare Of America Inc
Atlanta, GA
$20,003
Gordon Jensen Health Care Association Inc
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$25,951
Goldencare Inc
Lancaster, SC
$2,350,493
Bethany Home Inc
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$779,378

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