Snyder Nursing Home Inc
- Assets
- $4.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 113
- Location
- Salem, VA
- Founding
- 02/1983
- Data as of
- 08/2023
- 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 08/2023, Snyder Nursing Home Inc employed 113 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 08/2023, Snyder Nursing Home Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $4.5m during the year ending 08/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
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 | $203,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,596 |
| Total Program Service Revenue | $3,914,053 |
| Investment income | $83,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,184 |
| Net Gain/Loss on Asset Sales | $13,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,256 |
| 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 | $2,789,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,715 |
| Payroll taxes | $207,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,490 |
| Office expenses | $12,900 |
| Information technology | $20,763 |
| Royalties | $0 |
| Occupancy | $160,814 |
| Travel | $2,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,408 |
| All other expenses | $292,304 |
| Total functional expenses | $4,458,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $423,411 |
| Inventories for sale or use | $54,262 |
| Prepaid expenses and deferred charges | $42,036 |
| Net Land, buildings, and equipment | $1,507,117 |
| Investments—publicly traded securities | $2,407,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,228 |
| Total assets | $4,910,289 |
| Accounts payable and accrued expenses | $247,693 |
| Grants payable | $0 |
| Deferred revenue | $15,883 |
| 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 | $0 |
| Total liabilities | $263,576 |
| Net assets without donor restrictions | $4,646,713 |
| 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 | $4,910,289 |