Quality Senior Housing Foundaton Inc
- Assets
- $62.6m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 358
- Location
- Atlanta, GA
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 31-1672366
Organization Overview
Quality Senior Housing Foundaton Inc, operating under the name Qshsanders Glen Llc, is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Qshsanders Glen Llc employed 358 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qshsanders Glen Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS FIVE ASSISTED LIVING AND RESIDENTIAL CARE FACILITIES AND PROVIDES FULL SERVICE ROOM AND BOARD FOR ITS RESIDENTS, AS WELL AS A VARIETY OF SOCIAL ACTIVITIES AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
THE ORGANIZATION OWNS FIVE LONG-TERM CARE FACILITIES - SANDERS GLEN, GOVERNOR'S POINTE, GOVERNOR'S PORT, WHITE OAKS, AND RANDALL RESIDENCE. SANDERS GLEN IS AN ASSISTED LIVING AND RESIDENTIAL CARE FACILITY LOCATED IN WESTFIELD, IN AND PROVIDES FULL-SERVICE ROOM AND BOARD FOR ITS RESIDENTS, AS WELL AS A VARIETY OF SOCIAL ACTIVITIES AND COMMUNITY INVOLVEMENT. GOVERNOR'S POINTE IS A 34-UNIT ASSISTED LIVING COMMUNITY LOCATED IN MENTOR, OH. GOVERNOR'S PORT IS A 50-UNIT INDEPENDENT LIVING COMMUNITY LOCATED IN MENTOR, OH. WHITE OAKS IS A 68-UNIT LONG-TERM CARE COMMUNITY LOCATED IN LAWTON, MI AND CONSISTS OF ASSISTED LIVING AND MEMORY CARE UNITS. RANDALL RESIDENCE IS A 105-UNIT LONG-TERM CARE COMMUNITY LOCATED IN DECATUR, IL AND CONSISTS OF INDEPENDENT LIVING, ASSISTED LIVING AND MEMORY CARE UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary, Treasurer And Director | OfficerTrustee | 1 | $5,000 |
Name Not Listed President And Director | OfficerTrustee | 10 | $101,000 |
Name Not Listed Director | Trustee | 1 | $3,000 |
Name Not Listed Director | Trustee | 1 | $5,000 |
Name Not Listed Director | Trustee | 1 | $5,000 |
Name Not Listed Director | Trustee | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exceptional Living Centers Management Services | 12/30/21 | $257,093 |
Gordon Food Service Inc Food Service | 12/30/21 | $183,492 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,537,939 |
| 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 | $1,537,939 |
| Total Program Service Revenue | $16,199,332 |
| Investment income | $167,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| 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 | $18,047,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,500 |
| 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. | $196,000 |
| Compensation of current officers, directors, key employees. | $196,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,662,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,426,992 |
| Payroll taxes | $351,276 |
| Fees for services: Management | $502,033 |
| Fees for services: Legal | $210,486 |
| Fees for services: Accounting | $161,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,053 |
| Advertising and promotion | $95,264 |
| Office expenses | $432,193 |
| Information technology | $40,653 |
| Royalties | $0 |
| Occupancy | $1,316,635 |
| Travel | $18,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,901 |
| Interest | $3,890,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,767,782 |
| Insurance | $286,737 |
| All other expenses | $49,232 |
| Total functional expenses | $19,959,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,518 |
| Savings and temporary cash investments | $1,586,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,517,263 |
| 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 | $54,745 |
| Net Land, buildings, and equipment | $46,830,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,191,790 |
| Other assets | $3,637,457 |
| Total assets | $62,606,620 |
| Accounts payable and accrued expenses | $3,952,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $58,606,246 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,690,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,268 |
| Total liabilities | $67,549,292 |
| Net assets without donor restrictions | -$5,186,945 |
| Net assets with donor restrictions | $244,273 |
| 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 | $62,606,620 |
Grants Awarded
Over the last fiscal year, Quality Senior Housing Foundaton Inc has awarded $22,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PEACHTREE ROAD UNITED METHODIST CHURCH PURPOSE: SUPPORT | $10,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: SUPPORT | $7,000 |
CHRISTIAN HELPLINES INC DBA GATHERING INDUSTRIES INC PURPOSE: SUPPORT | $5,000 |