Hickory Creek Healthcare Foundation Inc
- Assets
- $17.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 663
- Location
- Atlanta, GA
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 31-1644803
Organization Overview
Hickory Creek Healthcare Foundation Inc is located in Atlanta, GA. The organization was established in 1999. 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, Hickory Creek Healthcare Foundation Inc employed 663 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Creek Healthcare Foundation 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, Hickory Creek Healthcare Foundation Inc generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 7 years. 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 CARE TO THE ELDERLY RESIDENTS INCLUDING NURSING CARE, THERAPIES, OTHER ANCILLARY SERVICES, FOOD SERVICES, SOCIAL SERVICES AND OTHER SERVICES AS REQUIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES INCLUDE SERVICES TO PROVIDE CARE TO THE ELDERLY RESIDENTS INCLUDING NURSING CARE, THERAPIES, OTHER ANCILLARY SERVICES, FOOD SERVICES, SOCIAL SERVICES AND OTHER SERVICES AS REQUIRED.
THE COMPANY LEASES FOURTEEN OF ITS INDIANA NURSING FACILITIES TO HENRY COUNTY MEMORIAL HOSPITAL (HOSPITAL), A NOT FOR PROFIT ORGANIZATION, UNDER A LEASE AGREEMENT. THE COMPANY ALSO HAS VARIOUS AGREEMENTS WITH THE HOSPITAL TO MANAGE THE NURSING FACILITIES AND LEASE EMPLOYEES TO STAFF THE NURSING FACILITIES. AT ALL TIMES, THE COMPANY HAS REMAINED THE EMPLOYER OF ALL THE EMPLOYEES IN THE FOURTEEN NURSING HOMES LEASED TO THE HOSPITAL. THIS IS THE REVENUE AND EXPENSE IN RELATION TO LEASING THE EMPLOYEES TO THE HOSPITAL.THE COMPANY SOLD ALL FOURTEEN NURSING FACILITIES ON MARCH 1, 2021, TERMINATING THE LEASE AGREEMENT ON MARCH 31, 2021.
THE COMPANY LEASES FOURTEEN OF ITS INDIANA NURSING FACILITIES TO HENRY COUNTY MEMORIAL HOSPITAL (HOSPITAL), A NOT FOR PROFIT ORGANIZATION, UNDER A LEASE AGREEMENT. THE COMPANY ALSO HAS VARIOUS AGREEMENTS WITH THE HOSPITAL TO MANAGE THE NURSING FACILITIES AND LEASE EMPLOYEES TO STAFF THE NURSING FACILITIES. AT ALL TIMES, THE COMPANY HAS REMAINED THE EMPLOYER OF ALL THE EMPLOYEES IN THE FOURTEEN NURSING HOMES LEASED TO THE HOSPITAL. THIS IS THE REVENUE AND EXPENSE IN RELATION TO LEASING THE BUILDINGS TO THE HOSPITAL.THE COMPANY SOLD ALL FOURTEEN NURSING FACILITIES ON MARCH 1, 2021, TERMINATING THE LEASE AGREEMENT ON MARCH 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Yoder President & CEO | OfficerTrustee | 40 | $426,525 |
Kristen Walden Acctg Mgr | 40 | $108,789 | |
Francis Crosby Director | Trustee | 40 | $24,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bradley Associates Audit And Consulting | 12/30/20 | $135,995 |
Healthcare Therapy Services Therapies | 12/30/20 | $168,324 |
Gordan Food Service Food And Food Related | 12/30/20 | $150,367 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,252 |
| Total Program Service Revenue | $5,095,681 |
| Investment income | $44,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,699,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,980,753 |
| 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. | $464,289 |
| Compensation of current officers, directors, key employees. | $112,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,165,869 |
| Pension plan accruals and contributions | $8,950 |
| Other employee benefits | $135,997 |
| Payroll taxes | $389,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $214,402 |
| Fees for services: Accounting | $13,059 |
| Fees for services: Lobbying | $117 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,383 |
| Advertising and promotion | $1,706 |
| Office expenses | $76,029 |
| Information technology | $78,406 |
| Royalties | $0 |
| Occupancy | $251,742 |
| Travel | $1,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,518 |
| Insurance | $335,242 |
| All other expenses | $150,836 |
| Total functional expenses | $7,480,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,323,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,287,089 |
| 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 | $19,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,980 |
| Total assets | $17,637,730 |
| Accounts payable and accrued expenses | $186,133 |
| 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 | $186,133 |
| Net assets without donor restrictions | $17,451,597 |
| 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 | $17,637,730 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hickory Creek Healthcare Foundation Inc has recieved totaling $29,265.
| Awarding Organization | Amount |
|---|---|
Henry County Community Foundation Inc New Castle, IN PURPOSE: NEW WALKWAY/SHELTER | $15,265 |
Decatur County Community Foundation Inc Greensburg, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seniortrust Of Florida Inc Nashville, TN | $0 | $3,809 |
Sunbelt Health Care Centers Inc Maitland, FL | $22,749,086 | $16,508,709 |
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 |
Health Care Authority Of The City Of Enterprise Inc Enterprise, AL | $47,734,510 | $17,693,129 |
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 |