Weirton Health Care Inc
- Assets
- $12.4m
- Revenue
- $1.8m
- Investments
- $1.1m
- Employees
- 0
- Location
- Weirton, WV
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 55-0615410
Organization Overview
Weirton Health Care Inc is located in Weirton, WV. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weirton Health Care 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 12/2023, Weirton Health Care Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
PROVIDE SHELTER AND HEALTH CARE ON A PERSONAL LEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED CARE LIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Quatrocchi President | OfficerTrustee | 10 | $0 |
Mary Ann Boyd Vice President/secretary | OfficerTrustee | 5 | $0 |
Vickie Pulice Treasurer | OfficerTrustee | 5 | $0 |
John Sorrenti Trustee | Trustee | 0 | $0 |
Larry Fernandez Trustee | Trustee | 0 | $0 |
Dan Mc Cune Trustee | Trustee | 0 | $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 | $1,692,263 |
| Investment income | $111,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,983 |
| 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 | $1,843,240 |
| 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. | $600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,121,601 |
| Fees for services: Legal | $610 |
| Fees for services: Accounting | $8,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,697 |
| Interest | $12,298 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,882 |
| Insurance | $38,573 |
| All other expenses | $149,296 |
| Total functional expenses | $1,841,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,271,916 |
| Savings and temporary cash investments | $3,473,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,516 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,931 |
| Net Land, buildings, and equipment | $4,189,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,050,588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,359,282 |
| Accounts payable and accrued expenses | $66,080 |
| 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 | $413,107 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $479,187 |
| Net assets without donor restrictions | $0 |
| 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 | $1,544 |
| Retained earnings, endowment, accumulated income, or other funds | $11,877,127 |
| Total liabilities and net assets/fund balances | $12,359,282 |