A B Care Inc
- Assets
- $257.4k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Valatie, NY
- Founding
- 07/2016
- Data as of
- 06/2022
- EIN
- 47-3998442
Organization Overview
A B Care Inc is located in Valatie, NY. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. A B Care 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 06/2022, A B Care Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING RETIREMENT FACILITIES AND RETREAT CENTERS FOR HOLY CROSS BROTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Knightly President | 20 | $0 | |
Art Proper Vice President | 1 | $0 | |
Stephen Lamendola Secretary | 1 | $0 | |
Kay Graber Director | 1 | $0 | |
Paul Scarpetta Treasurer | 1 | $0 | |
Meg Scarpetta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,282,074 |
| Interest on Savings | $0 |
| 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 | $0 |
| Total Revenue | $2,282,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,174,486 |
| Pension plans, employee benefits | $216,716 |
| Interest | $0 |
| Taxes | $96,834 |
| Depreciation | $5,977 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $242 |
| Printing and publications | $0 |
| Other expenses | $537,697 |
| Total operating and administrative expenses | $2,262,280 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,262,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,252 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $107,841 |
| 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 | $12,834 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $48,460 |
| Other assets | $0 |
| Total assets | $257,387 |
| Accounts payable and accrued expenses | $107,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $107,841 |