University Extended Care Inc
- Assets
- $55.1m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 58-1581105
Organization Overview
University Extended Care Inc is located in Augusta, GA. The organization was established in 1985. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Extended 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 06/2022, University Extended Care Inc generated $16.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $11.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 years. 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
TO PROVIDE COMPETENT AND COMPASSIONATE CARE TO MEET THE HEALTH CARE NEEDS OF THE ELDERLY AND DISABLED. THE GOAL IS TO MAINTAIN THE PRESENT LEVEL OF FUNCTION IN THE PATIENT AND TRY TO IMPROVE THE ABILITY OF PATIENTS TO ASSIST WITH THE ROUTINE DAILY CARE IN A CONTROLLED SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY EXTENDED CARE OWNED THREE FACILITIES FROM JANUARY 1 TO JUNE 30, 2022. THE KENTWOOD FACILITY HAS 100 SKILLED NURSING BEDS. THE WESTWOOD FACILITY HAS 149 BEDS WHICH INCLUDES AN ALZHEIMER'S UNIT AND A WING DESIGNED FOR ORTHOPAEDIC AND CARDIAC PATIENT REHABILITATION. THE AMARA FACILITY HAS LICENSES FOR 193 SKILLED NURSING BEDS. HOWEVER, THOSE BEDS WERE NOT OPERATIONAL AT ANY POINT IN 2022. FURTHERMORE, THE AMARA FACILITY WAS SOLD AS OF 06/30/22. INCLUDING AMARA'S LICENSED BEDS FOR THE FIRST SIX MONTHS OF 2022, THE COMBINED UEC FACILITIES EXPERIENCED AN OCCUPANCY OF 43% FROM JANUARY TO JUNE. CONSIDERING ONLY KENTWOOD'S AND WESTWOOD'S OPERATIONAL BEDS DURING THAT SAME TIME FRAME, THE OCCUPANCY PERCENTAGE WAS 76%. SYSTEM WIDE, RESIDENT DAYS TOTALED 34,224 FROM JAN 1 TO JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levi W Hill IV Board Member | Trustee | 1 | $0 |
Terry D Elam Board Member | Trustee | 1 | $0 |
Sanford Loyd Board Member | Trustee | 1 | $0 |
Daniel H Boone MD Board Member | Trustee | 2 | $0 |
William P Doupe Board Member | Trustee | 1 | $0 |
James C Sherman MD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Therapy | 6/29/22 | $815,112 |
Critical Solutions Inc Staffing (Nursing, Assistants) | 6/29/22 | $1,262,178 |
Morrison Healthcare Dietary | 6/29/22 | $742,034 |
Consolidated Medical Staffing Inc Staffing (Nursing, Assistants) | 6/29/22 | $300,469 |
Crothall Healthcare & Crothall Laundry S Laundry | 6/29/22 | $116,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,854 |
| 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 | $95,854 |
| Total Program Service Revenue | $15,693,648 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $16,899,441 |
| 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 | $3,077,211 |
| Pension plan accruals and contributions | $52,629 |
| Other employee benefits | $1,045,726 |
| Payroll taxes | $250,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,530 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,853,606 |
| Advertising and promotion | $0 |
| Office expenses | $35,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $750,649 |
| Travel | $481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,857 |
| Insurance | $198,395 |
| All other expenses | $44,159 |
| Total functional expenses | $11,172,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,069,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,101,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $148,839 |
| Net Land, buildings, and equipment | $2,574,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,191,385 |
| Total assets | $55,085,924 |
| Accounts payable and accrued expenses | $3,070,289 |
| Grants payable | $0 |
| Deferred revenue | $138,746 |
| 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 | $9,961 |
| Total liabilities | $3,218,996 |
| Net assets without donor restrictions | $51,866,928 |
| 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 | $55,085,924 |