Stanley Total Living Center Inc
- Assets
- $24.7m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 222
- Location
- Stanley, NC
- Founding
- 06/1985
- Data as of
- 09/2023
- EIN
- 56-1367400
Organization Overview
Stanley Total Living Center Inc is located in Stanley, NC. The organization was established in 1985. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Stanley Total Living Center Inc employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanley Total Living Center 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 09/2023, Stanley Total Living Center Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $13.7m during the year ending 09/2023. While expenses have increased by 4.7% 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
STANLEY TOTAL LIVING CENTER, INC. IS A FULL SERVICE RETIREMENT COMMUNITY OFFERING COMPREHENSIVE SERVICES TO THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANLEY TOTAL LIVING CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Defelice Administrato | OfficerTrustee | 40 | $177,649 |
Sharon Bryant Office Manag | OfficerTrustee | 40 | $124,453 |
Judith Abernathy Director | Trustee | 2 | $0 |
Dana Baker Director | Trustee | 2 | $0 |
Allison Crotts Secretary | OfficerTrustee | 5 | $0 |
Michael Dixon Treasurer | OfficerTrustee | 10 | $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 | $12,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,683 |
| Total Program Service Revenue | $11,883,166 |
| Investment income | $485,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$906,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,474,937 |
| 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. | $302,102 |
| Compensation of current officers, directors, key employees. | $302,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,151,053 |
| Pension plan accruals and contributions | $26,765 |
| Other employee benefits | $642,127 |
| Payroll taxes | $625,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160 |
| Fees for services: Accounting | $39,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,146 |
| Office expenses | $14,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $395,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $641,314 |
| Insurance | $50,075 |
| All other expenses | $1,838,942 |
| Total functional expenses | $13,682,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,208 |
| Savings and temporary cash investments | $1,020,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $884,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,419 |
| Prepaid expenses and deferred charges | $37,156 |
| Net Land, buildings, and equipment | $12,543,120 |
| Investments—publicly traded securities | $9,169,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,700,546 |
| Accounts payable and accrued expenses | $365,404 |
| Grants payable | $0 |
| Deferred revenue | $258,213 |
| 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 | $358,462 |
| Total liabilities | $982,079 |
| Net assets without donor restrictions | $23,718,467 |
| 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 | $24,700,546 |