Quality Senior Housing Foundation Of East Texas Inc
- Assets
- $65.8m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 31-1695252
Organization Overview
Quality Senior Housing Foundation Of East Texas Inc is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Senior Housing Foundation Of East Texas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY SENIOR HOUSING FOUNDATION OF EAST TEXAS, INC. OWNS AND OPERATES THREE SENIOR LIVING COMMUNITIES IN EAST TEXAS:ARABELLA OF LONGVIEW OFFERS 20 INDEPENDENT LIVING COTTAGES, 132 INDEPENDENT LIVING APARTMENTS, 58 ASSISTED LIVING UNITS AND 24 MEMORY CARE BEDS IN 21 MEMORY CARE UNITSARABELLA OF ATHENS OFFERS 12 INDEPENDENT LIVING COTTAGES, 34 ASSISTED LIVING UNITS AND 24 MEMORY CARE BEDS IN 22 MEMORY CARE UNITSAUTUMN WIND ASSISTED LIVING AND INDEPENDENT COTTAGES OFFERS 18 INDEPENDENT LIVING COTTAGES AND 63 ASSISTED LIVING UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley G Brading Ceo, Cfo, Director | 1 | $0 | |
Mack R Leath Secretary | 1 | $0 | |
Guy Long Director | 1 | $0 | |
Jeffrey Faile Director | 1 | $0 | |
William Brading Director | 1 | $0 | |
Davis Sherman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,774 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,379,906 |
| Total Revenue | $15,450,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,076,260 |
| Pension plans, employee benefits | $242,060 |
| Interest | $3,789,427 |
| Taxes | $343,932 |
| Depreciation | $2,940,482 |
| Occupancy | $918,353 |
| Travel, conferences, and meetings | $12,175 |
| Printing and publications | $293,807 |
| Other expenses | $3,887,272 |
| Total operating and administrative expenses | $16,567,136 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,567,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,084,635 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $166,170 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $309,992 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $56,276,939 |
| Other assets | $7,926,840 |
| Total assets | $65,764,576 |
| Accounts payable and accrued expenses | $1,638,659 |
| Grants payable | $0 |
| Deferred revenue | $987,038 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $69,790,277 |
| Other liabilities | $28,616 |
| Total liabilities | $72,444,590 |