Staywell Senior Care
- Assets
- $0.0
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 47
- Location
- Asheboro, NC
- Founding
- 07/2013
- Data as of
- 09/2021
- EIN
- 46-1289922
Organization Overview
Staywell Senior Care is located in Asheboro, NC. The organization was established in 2013. 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 09/2021, Staywell Senior Care employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staywell Senior Care 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 09/2021, Staywell Senior Care generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $6.4m during the year ending 09/2021. 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 BENEFITS TO SENIORS DETERMINED TO NEED A SKILLED LEVEL OF CARE REQUIRED UNDER THE STATE MEDICAID PLAN FOR COVERAGE OF NURSING FACILITY SERVICES UNDER THE DEFERRAL PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY ("PACE')
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAYWELL SENIOR CARE SERVES THE FRAIL ELDERLY OF RANDOLPH, MONTGOMERY AND MOORE COUNTIES BY PROVIDING AN ALTERNATIVE TO NURSING HOME PLACEMENT THROUGH A NETWORK OF HIGHLY COORDINATED CARE. STAYWELL SENIOR CARE IS A NON-RESIDENTIAL FACILITY THAT INCLUDES AN ADULT DAY HEALTH AREA, COMPREHENSIVE MEDICAL SERVICES, AND A REHAB CENTER. ALL OF THESE SERVICES ARE ACCOMPANIED BY ORGANIZED TRANSPORTATION, HOME HEALTH CARE, AND MEDICATION MANAGEMENT. OUR GOAL IS TO IMPROVE THE HEALTH AND OVERALL WELL-BEING OF THE FRAIL ELDERLY OF THIS REGION, REDUCING HOSPITALIZATIONS AND EMERGENCY ROOM VISITS AND AVOIDING PREMATURE ADMISSIONS TO NURSING HOMES FOR THOSE WHO CAN SAFELY LIVE AT HOME WITH OUR SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Simpson MD Vice Chair | OfficerTrustee | 2 | $0 |
Loretta Long Treasurer | OfficerTrustee | 2 | $0 |
Rob Clauser Chair/vice President | OfficerTrustee | 2 | $0 |
Aashka Mehta Board Member | Trustee | 2 | $0 |
Stephen Campbell Director | Trustee | 2 | $0 |
William Cockerham Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tabula Rasa Healthcare Inc Consulting | 9/29/19 | $158,304 |
Mediture Llc Software Maintenance | 9/29/19 | $105,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $7,095,581 |
| Investment income | $0 |
| 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 | $7,095,581 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,660,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $464,948 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,874,153 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $51,496 |
| Insurance | $0 |
| All other expenses | $1,372,756 |
| Total functional expenses | $6,423,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Staywell Senior Care has awarded $1,520,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RANDOLPH HOSPITAL INC PURPOSE: GENERAL SUPPORT | $1,280,000 |
CONE HEALTH PURPOSE: GENERAL SUPPORT | $240,000 |