Sunset Home Inc
- Assets
- $4.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Concordia, KS
- Founding
- 04/1955
- Data as of
- 12/2021
- EIN
- 48-0568596
Organization Overview
Sunset Home Inc is located in Concordia, KS. The organization was established in 1955. 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, Sunset Home Inc employed 92 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sunset Home 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, Sunset Home Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. 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
LONG TERM CARE THE ORGANIZATION PROVIDES LONG-TERM CARE, ASSISTED LIVING, AND INDEPENDENT LIVING SERVICES TO ELDERLY AND DISABLED PERSONS FROM
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUNSET HOME, INC. CONSISTS OF A 45 BED ADULT CARE HOME, 48 BED ASSISTED LIVING FACILITY, AND 9 INDEPENDENT LIVING UNITES WHICH PROVIDE APPROXIMATELY 25,913 RESIDENT DAYS OF CARE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Shippy Administrator/ceo | Officer | 40 | $105,661 |
Eric Johnson Secretary | OfficerTrustee | 1 | $0 |
Richard Larson President | OfficerTrustee | 1 | $0 |
Gregory Worthen Treasurer | OfficerTrustee | 1 | $0 |
Jarold Hayden Vice-President | OfficerTrustee | 1 | $0 |
Shelly Farha Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehab Therapy Services | 12/30/21 | $331,122 |
Leading Age Ks Contract Nursing | 12/30/21 | $105,353 |
The Nurses Co Contract Nursing | 12/30/21 | $239,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,996 |
| Total Program Service Revenue | $3,198,251 |
| Investment income | $92,390 |
| 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 | $3,500,637 |
| 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. | $105,661 |
| Compensation of current officers, directors, key employees. | $105,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,632,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,758 |
| Payroll taxes | $123,038 |
| 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 | $0 |
| Advertising and promotion | $53,615 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,053 |
| 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 | $163,196 |
| Insurance | $91,215 |
| All other expenses | $519,929 |
| Total functional expenses | $3,940,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361,860 |
| 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 | $41,606 |
| Net Land, buildings, and equipment | $1,756,651 |
| Investments—publicly traded securities | $1,439,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,684 |
| Total assets | $4,030,708 |
| Accounts payable and accrued expenses | $242,270 |
| Grants payable | $0 |
| Deferred revenue | $20,675 |
| 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 | $155,000 |
| Total liabilities | $417,945 |
| Net assets without donor restrictions | $3,573,078 |
| Net assets with donor restrictions | $39,685 |
| 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 | $4,030,708 |
Endowment Analysis
| Beg. Balance | $35,133 |
| Earnings | $4,551 |
| Ending Balance | $39,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
United Methodist Homes Inc Topeka, KS | $38,028,666 | $24,626,629 |
The Tulsa Jewish Community Retirement And Health Care Center Tulsa, OK | $24,377,632 | $17,313,763 |
The Sarah Community Bridgeton, MO | $41,387,410 | $17,605,015 |
Mennonite Board Of Missions & Charities Of Kansas Inc Hesston, KS | $29,196,867 | $18,910,402 |
Ascension Living Sherbrooke Village St Louis, MO | $25,585,196 | $12,871,813 |
St Simeons Episcopal Home Inc Tulsa, OK | $25,094,852 | $15,031,463 |
Shalom Park Aurora, CO | $9,949,868 | $15,419,894 |
Kansas Masonic Home Wichita, KS | $41,682,488 | $16,141,019 |
Mary Queen And Mother Association St Louis, MO | $5,283,792 | $16,801,090 |