Eastwood Assisted Living Inc
- Assets
- $2.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 68
- Location
- Roanoke, VA
- Founding
- 02/1979
- Data as of
- 06/2022
- EIN
- 54-0738784
Organization Overview
Eastwood Assisted Living Inc is located in Roanoke, VA. The organization was established in 1979. 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 06/2022, Eastwood Assisted Living Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastwood Assisted Living 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, Eastwood Assisted Living Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION MAINTAINS TWENTY-FOUR HOUR NURSING STAFF TO ACCOMODATE THE AVERAGE 80.09 RESIDENTS. WE HAVE 8 AUXILLARY GRANTS RESIDENTS THAT RELY ON MEDICAID FUNDS TO PAY THEIR RENT, WHICH ARE ACCEPTED AT A DISCOUNTED RATE. ALSO, WE ACCOMODATE AN AVERAGE OF 7.69 NEED BASED RESIDENTS, WHO ARE RESIDENTS THAT WE PROVIDE OUR SERVICES TO FOR A REDUCED RATE, BECAUSE OF THEIR LIMITED MONETARY FUNDS. SERVICES THAT THE NURSING STAFF PROVIDE ARE OFFERED IN FOUR DIFFERENT LEVELS. THESE SERVICES INCLUDE ASSISTANCE WITH TAKING MEDICINE, BATHING AND/OR GROOMING, AND 24 HOUR NURSING SUPERVISION. THE SUPERVISION IS ACCOMPLISHED BY MAINTAINING A LICENSED NURSE ON DUTY 24 HOURS A DAY. IN ADDITION TO NURSING SERVICES PROVIDED, THE ORGANIZATION ALSO MAINTAINED A DIETARY STAFF IN ORDER TO PROVIDE THREE NUTRITIOUS MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan O'malley Administrator Assisted Living | 40 | $106,117 | |
Glen C Combs Chairman | OfficerTrustee | 1 | $0 |
Robert C Lawson Vice-Chairman | OfficerTrustee | 1 | $0 |
John B Williams III Director | OfficerTrustee | 1 | $0 |
Joseph M Hoff President & CEO | Officer | 2 | $0 |
C Michael Shannon CFO | Officer | 2 | $0 |
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 | $3,468,881 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,201 |
| 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 | $3,587,260 |
| 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 | $1,687,283 |
| Pension plan accruals and contributions | $24,612 |
| Other employee benefits | $143,755 |
| Payroll taxes | $128,697 |
| Fees for services: Management | $343,320 |
| 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 | $183,831 |
| Advertising and promotion | $34,932 |
| Office expenses | $147,171 |
| Information technology | $16,400 |
| Royalties | $0 |
| Occupancy | $401,216 |
| Travel | $509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $447,913 |
| Insurance | $62,826 |
| All other expenses | $31,551 |
| Total functional expenses | $4,032,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,986 |
| Prepaid expenses and deferred charges | $29,859 |
| Net Land, buildings, and equipment | $2,356,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,002 |
| Total assets | $2,462,090 |
| Accounts payable and accrued expenses | $233,914 |
| Grants payable | $0 |
| Deferred revenue | $105,426 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,665 |
| 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 | $2,810,578 |
| Total liabilities | $3,153,583 |
| Net assets without donor restrictions | -$691,493 |
| 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 | $2,462,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Mennonite Home Inc Harrisonburg, VA | $28,962,463 | $20,540,544 |
Virginia Home Richmond, VA | $132,722,142 | $34,605,321 |
Seniortrust Of Florida Inc Nashville, TN | $0 | $3,809 |
Elkins Regional Convalescent Center Inc Elkins, WV | $19,210,570 | $16,812,434 |
Plantation Village Inc Wilmington, NC | $93,170,557 | $17,665,347 |
Alamance Extended Care Inc Greensboro, NC | $64,386,325 | $13,908,822 |
Sayre Christian Village Nursing Home Inc Lexington, KY | $15,077,059 | $13,743,731 |
Ashland Nursing Home Corporation Ashland, KY | $11,060,825 | $13,223,482 |
Friendship Health And Rehab Center South Inc Roanoke, VA | $18,559,390 | $15,531,825 |
Calvert County Nursing Center Inc Frederick, MD | $7,422,368 | $12,166,264 |
Friends House Retirement Community Inc Sandy Spring, MD | $50,375,477 | $12,782,756 |
St Mary S Nursing Center Inc Leonardtown, MD | $21,161,426 | $14,751,759 |