Health Facilities Inc
- Assets
- $7.2m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 213
- Location
- Newberry, FL
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 59-3009938
Organization Overview
Health Facilities Inc, operating under the name Tri-County Nursing Home, is located in Newberry, FL. The organization was established in 1991. 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 06/2022, Tri-County Nursing Home employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Nursing Home 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, Tri-County Nursing Home generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $8.4m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO THE ELDERLY CITIZENS OF LEVY, GILCHRIST AND DIXIE COUNTIES IN THE STATE OF FLORIDA, USING AN EIGHTY-ONE BED NURSING HOME FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION UTILIZED ITS EIGHTY-ONE BED NURSING HOME FACILITY TO PROVIDE NURSING HOME SERVICES TO INDIVIDUALS IN LEVY, GILCHRIST AND DIXIE COUNTIES IN THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Marks Executive Di | Trustee | 40 | $268,715 |
Lorinda Crowley Director / C | Trustee | 1 | $0 |
Melanie Hutchinson Director | Trustee | 1 | $0 |
Helene O'connel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,684 |
| 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 | $420,684 |
| Total Program Service Revenue | $8,823,578 |
| Investment income | $5,324 |
| 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 | $9,249,586 |
| 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 | $4,030,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,796 |
| Payroll taxes | $292,175 |
| Fees for services: Management | $337,254 |
| Fees for services: Legal | $60,591 |
| Fees for services: Accounting | $116,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,027,922 |
| Advertising and promotion | $0 |
| Office expenses | $251,785 |
| Information technology | $59,180 |
| Royalties | $0 |
| Occupancy | $270,082 |
| Travel | $3,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,279 |
| Interest | $289,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,467 |
| Insurance | $248,344 |
| All other expenses | $0 |
| Total functional expenses | $8,415,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,243 |
| Savings and temporary cash investments | $2,571,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,090,146 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,860,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $921,861 |
| Total assets | $7,173,445 |
| Accounts payable and accrued expenses | $574,011 |
| Grants payable | $0 |
| Deferred revenue | $230,945 |
| 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 | $3,400,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,318 |
| Total liabilities | $4,506,119 |
| Net assets without donor restrictions | $2,667,326 |
| 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 | $7,173,445 |