Island Nursing Home Inc
- Assets
- $3.8m
- Revenue
- $981.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Deer Isle, ME
- Founding
- 12/1975
- Data as of
- 06/2023
- EIN
- 51-0172239
Organization Overview
Island Nursing Home Inc is located in Deer Isle, ME. The organization was established in 1975. 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 06/2023, Island Nursing Home Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Nursing 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 06/2023, Island Nursing Home Inc generated $981.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $629.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ISLAND NURSING HOME IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF INNOVATIVE AND QUALITY HEALTHCARE TO AN AGING POPULATION WHILE MAINTAINING COMMUNITY RELATIONSHIPS AND HONORING OUR CORE VALUES OF CARE, COMPASSION, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE - 32-BED LONG TERM CARE FACILITY OFFERING SKILLED NURSING, RESIDENTIAL AND ANCILLARY SERVICE TO MEDICALLY NEEDY RESIDENTS THAT CLOSED. EXPLORING OPTIONS TO REOPEN AS A RESIDENTIAL CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Adkins Finance Cont | Officer | 40 | $63,336 |
Heidi Gillen Director | Trustee | 2 | $18,803 |
Joanna Bentley Director | Trustee | 10 | $0 |
Brian Billings Director | Trustee | 2 | $0 |
Bill Cohen Vice Preside | OfficerTrustee | 2 | $0 |
Ronda Dodge Past Preside | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Time Healthcare Llc Medical Staffing Services | 6/29/22 | $732,921 |
Arete Rehabilitation Therapy Services | 6/29/22 | $321,250 |
Maxim Healthcare Staffing Inc Medical Staffing Services | 6/29/22 | $206,521 |
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 | $154,750 |
| Noncash contributions included in lines 1a–1f | $117,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,750 |
| Total Program Service Revenue | $39,278 |
| Investment income | $25,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $761,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,572 |
| 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. | $63,336 |
| Compensation of current officers, directors, key employees. | $63,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,100 |
| Fees for services: Accounting | $57,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,295 |
| Advertising and promotion | $0 |
| Office expenses | $16,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,082 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,519 |
| Insurance | $24,222 |
| All other expenses | $423 |
| Total functional expenses | $629,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,704 |
| Savings and temporary cash investments | $317,695 |
| 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 | $29,700 |
| Prepaid expenses and deferred charges | $1,048 |
| Net Land, buildings, and equipment | $1,177,875 |
| Investments—publicly traded securities | $2,195,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,227 |
| Total assets | $3,849,048 |
| Accounts payable and accrued expenses | $34,777 |
| 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 | $131,515 |
| Total liabilities | $166,292 |
| Net assets without donor restrictions | $2,227,097 |
| Net assets with donor restrictions | $1,455,659 |
| 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 | $3,849,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Veterans Home Augusta, ME | $201,723,871 | $85,884,783 |
Saint Josephs Manor Portland, ME | $8,344,755 | $19,774,771 |
Jha Services Inc Portland, ME | $12,274,884 | $17,351,089 |
Cedars Nursing Care Center Inc Portland, ME | $49,301,585 | $14,585,318 |
Quarry Hill Belfast, ME | $14,044,555 | $12,709,032 |
Salemhaven Inc Salem, NH | $6,261,617 | $12,070,998 |
Morrison Hospital Association Whitefield, NH | $28,129,982 | $11,358,429 |
Lincolnhealth Coves Edge Damariscotta, ME | $8,330,762 | $8,507,382 |
St Andre Health Care Facility Biddeford, ME | $5,720,522 | $11,863,182 |
Wentworth Senior Living Portsmouth, NH | $16,924,025 | $8,780,997 |
Bangor Nursing & Rehabilitation Center Bangor, ME | $2,110,759 | $6,413,999 |
Rumford Community Home Corporation Rumford, ME | $4,209,781 | $5,604,356 |
Island Nursing Home Inc Deer Isle, ME | $3,849,048 | $981,572 |
Maine Association Of Private Residential Facilities For Persons Hallowell, ME | $336,157 | $412,567 |
Shepherds Godparent Home Bangor, ME | $715,005 | $415,988 |