Snyder Nursing Home Inc
- Assets
- $5.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 87
- Location
- Salem, VA
- Founding
- 02/1983
- Data as of
- 08/2022
- EIN
- 54-1186524
Organization Overview
Snyder Nursing Home Inc is located in Salem, VA. The organization was established in 1983. 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 08/2022, Snyder Nursing Home Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snyder 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 08/2022, Snyder Nursing Home Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.0m during the year ending 08/2022. While expenses have increased by 3.6% 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
THE CORPORATION PROVIDES INTERMEDIATE NURSING HOME CARE IN A 45 BED FACILITY WHICH SERVES APPROXIMATELY 76% MEDICAID PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES INTERMEDIATE NURSING HOME CARE IN A 45 BED FACILITY WHICH SERVES APPROXIMATELY 60% MEDICAID PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy A Henderson Sec/treasure | OfficerTrustee | 3 | $4,200 |
Charles B Phillips President | OfficerTrustee | 3 | $4,200 |
Bayes E Wilson Vice-Preside | OfficerTrustee | 3 | $4,200 |
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 | $221,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,294 |
| Total Program Service Revenue | $3,644,949 |
| Investment income | $82,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,599 |
| Net Gain/Loss on Asset Sales | $42,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,022,065 |
| 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. | $12,600 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,547,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $258,869 |
| Payroll taxes | $187,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,187 |
| Office expenses | $9,912 |
| Information technology | $15,557 |
| Royalties | $0 |
| Occupancy | $140,784 |
| Travel | $3,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,425 |
| All other expenses | $274,348 |
| Total functional expenses | $4,041,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $391,151 |
| Inventories for sale or use | $68,086 |
| Prepaid expenses and deferred charges | $44,876 |
| Net Land, buildings, and equipment | $1,612,634 |
| Investments—publicly traded securities | $2,702,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,013 |
| Total assets | $5,395,061 |
| Accounts payable and accrued expenses | $254,366 |
| Grants payable | $0 |
| Deferred revenue | $218,110 |
| 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 | $79,119 |
| Other liabilities | $0 |
| Total liabilities | $551,595 |
| Net assets without donor restrictions | $4,843,466 |
| 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 | $5,395,061 |
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 |