Samaritan Housing Foundation Inc

Organization Overview

Samaritan Housing Foundation Inc is located in Cary, NC. The organization was established in 1999. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Samaritan Housing Foundation Inc employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samaritan Housing 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, Samaritan Housing Foundation Inc generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $19.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COMMUNITY IS ESTABLISHED TO PROVIDE AN ENHANCED RETIREMENT ENVIRONMENT FEATURING FULL- SERVICE LIFE CARE FOR RESIDENTS OF SIXTY-TWO PLUS (62+) YEARS OF AGE, WHILE EMPHASIZING AN ACTIVE LIFESTYLE, INDIVIDUAL INDEPENDENCE, PERSONAL DIGNITY, AND FAMILY ESTATE PRESERVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEARSTONE RETIREMENT COMMUNITY IS MADE UP OF 169 LIVING UNITS FOR 245 PEOPLE AND 39 BEDS OF NURSING CARE, 14 FOR ASSISTED LIVING AND 25 FOR NURSING CARE. SERVICES SUCH AS MEALS, HOUSEKEEPING, MAINTENANCE, ACTIVITIES, TRANSPORTATION, AND NURSING SERVICES ARE AVAILABLE. WE OFFER PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY FOR THOSE RESIDENTS WHO CAN BENEFIT FROM THESE PROGRAMS, OFFERING OVER 11,000 SESSIONS OF THERAPY IN 2021.WE HAVE A FOOD SERVICE PROGRAM WHICH PROVIDES MEALS TO RESIDENTS, THEIR GUESTS AND OUR STAFF. IN 2021, WE SERVED 85,000 MEALS.ACTIVITIES ARE OFFERED IN EACH LEVEL OF CARE DEPENDING ON THE LEVEL OF ACTIVITIES SUITABLE FOR THAT LEVEL OF CARE, FROM GOING OUT TO PUBLIC PROGRAMS SUCH AS THEATER PRODUCTIONS TO SYMPHONIES, OR HAVING IN-HOUSE EVENTS COMPRISED OF THEME PARTIES AND GAMES. OUR NURSING SERVICES COVER THE ENTIRE CAMPUS AND RANGE FROM EMERGENCY NURSING SERVICES TO 24-HOUR NURSING SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Stanley G Brading
President
$704,600
W Derrick Moore
Executive Director
$160,104
Allie Ligay
Director Of Marketing
$141,110
Mary P Clements
Chief Financial Officer
$128,682
Charles Norman
Director
$7,500
James Pierce
Director
$7,500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stewart & Conners Architects Pllc
Architects
$1,045,843
Tri South Mechanical Llc
Hvac
$287,120
Dixon Hughes Goodman
Accounting/consulting
$217,380
K&l Gates Llp
Legal
$154,821
Jof Painting
Painting
$150,055
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $757,900
All other contributions, gifts, grants, and similar amounts not included above$176,423
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$934,323
Total Program Service Revenue$14,226,437
Investment income $150,289
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$566,431
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,744,618

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Samaritan Housing Foundation Inc has recieved totaling $4,400.

Awarding OrganizationAmount
Mistler Charitable Trust

Raleigh, NC

PURPOSE: CHARITABLE

$2,200
Mistler Charitable Trust

Raleigh, NC

PURPOSE: CHARITABLE

$2,200
View Grant Recipient Profile

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