Alamance Extended Care Inc
- Assets
- $64.4m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 230
- Location
- Greensboro, NC
- Founding
- 08/1985
- Data as of
- 09/2021
- EIN
- 58-1681364
Organization Overview
Alamance Extended Care Inc is located in Greensboro, NC. 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. As of 09/2021, Alamance Extended Care Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alamance 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 09/2021, Alamance Extended Care Inc generated $13.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $15.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LONG-TERM CARE FOR THE DISABLED AND ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EXTENDED CARE FACILITY: DURING THE FISCAL YEAR, ALAMANCE EXTENDED CARE HAD A TOTAL OF 15,198 PATIENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark Rosemary Assisted Living Manager | 40 | $113,207 | |
Boydstun Michelle Assistant Secretary | Officer | 40 | $41,868 |
Blaser Jeff Vice Chair & Director | OfficerTrustee | 0 | $0 |
Chandler Chan Chair, Director | OfficerTrustee | 0 | $0 |
Hammock Preston President | Officer | 0 | $0 |
Smith Rene' Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $646,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $727,012 |
| Total Program Service Revenue | $13,077,921 |
| Investment income | $28,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,908,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,060 |
| 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. | $44,837 |
| Compensation of current officers, directors, key employees. | $4,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,285,753 |
| Pension plan accruals and contributions | $198,263 |
| Other employee benefits | $1,222,496 |
| Payroll taxes | $353,370 |
| Fees for services: Management | $432,352 |
| Fees for services: Legal | $5,744 |
| Fees for services: Accounting | $51,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $877,321 |
| Advertising and promotion | $197,442 |
| Office expenses | $778,069 |
| Information technology | $73,222 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $1,138,196 |
| Depreciation, depletion, and amortization | $2,926,184 |
| Insurance | $0 |
| All other expenses | $29,794 |
| Total functional expenses | $15,284,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,818,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,542 |
| Prepaid expenses and deferred charges | $20,000 |
| Net Land, buildings, and equipment | $52,317,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,013,959 |
| Total assets | $64,386,325 |
| Accounts payable and accrued expenses | $2,912,910 |
| Grants payable | $267,270 |
| Deferred revenue | $6,569,211 |
| 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 | $12,809,246 |
| Total liabilities | $22,558,637 |
| Net assets without donor restrictions | $41,545,045 |
| Net assets with donor restrictions | $282,643 |
| 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 | $64,386,325 |
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Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
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Lexmed Inc Lexington, SC | $19,463,727 | $22,725,899 |
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