Goldencare Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 103
- Location
- Lancaster, SC
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 30-0002657
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 12/2021, Goldencare Inc employed 103 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 12/2021, Goldencare Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 6.4% 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
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) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Goldsmith President | Officer | 40 | $65,000 |
Govan T Myers Secretary | Officer | 5 | $0 |
Thomas Lever Treasurer | Officer | 5 | $0 |
James Massey Chairman | Officer | 5 | $0 |
Benjamin Dunlap Vice Chairman | Officer | 5 | $0 |
John Dewese Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $573,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,011 |
| Total Program Service Revenue | $1,500,335 |
| Investment income | $333 |
| 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 | $2,075,679 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $93,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,303 |
| Advertising and promotion | $1,564 |
| Office expenses | $20,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,295 |
| Travel | $179 |
| 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 | $28,021 |
| Insurance | $45,605 |
| All other expenses | $0 |
| Total functional expenses | $1,446,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,993 |
| Savings and temporary cash investments | $698,325 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,914 |
| 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 | $0 |
| Net Land, buildings, and equipment | $141,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,283,275 |
| Accounts payable and accrued expenses | $16,926 |
| 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 | $16,926 |
| Net assets without donor restrictions | $1,266,349 |
| 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 | $1,283,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goldencare Inc has recieved totaling $8.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saluda County Nursing Home Board Saluda Nursing Center Saluda, SC | $10,713,422 | $16,857,969 |
Presbyterian Home Quitman Inc Quitman, GA | $7,771,902 | $17,669,514 |
Riverview Health And Rehabiliation Center Inc Savannah, GA | $21,070,283 | $18,616,274 |
A G Rhodes Home Inc At Wesley Woods Atlanta, GA | $10,164,617 | $18,274,811 |
Plantation Village Inc Wilmington, NC | $93,170,557 | $17,665,347 |
Alamance Extended Care Inc Greensboro, NC | $64,386,325 | $13,908,822 |
The William Breman Jewish Home Inc Atlanta, GA | $18,781,291 | $14,662,040 |
Atlanta Association For Convalescent Aged Persons Inc Atlanta, GA | $8,854,728 | $17,049,205 |
A G Rhodes Home Inc Atlanta, GA | $7,637,141 | $15,215,050 |
A G Rhodes Home-Cobb Inc Marietta, GA | $8,151,086 | $14,701,269 |
Westminster Presbyterian Center Inc Rock Hill, SC | $36,844,641 | $16,884,865 |
Lutheran Home-Winston-Salem Inc Salisbury, NC | $2,673,820 | $11,756,085 |