Mccready Manor Inc
- Assets
- $6.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 183
- Location
- Richmond, KY
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 61-1221273
Organization Overview
Mccready Manor Inc is located in Richmond, KY. The organization was established in 1992. 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. As of 06/2022, Mccready Manor Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccready Manor 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, Mccready Manor Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 5 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
OPERATION OF CONGREGATE CARE HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCCREADY MANOR, INC. (THE ORGANIZATION) PROVIDES RESIDENTIAL RENTAL UNITS, FOOD SERVICE AND ASSISTED LIVING SERVICES TO INDIVIDUALS AND COUPLES FROM A SEVENTY-THREE UNIT COMPLEX, MCCREADY MANOR. THE ORGANIZATION ALSO PROVIDES NURSING CARE AND THERAPY SERVICES TO INDIVIDUALS FROM A FOURTY-TWO UNIT COMPLEX, TELFORD TERRACE, IN RICHMOND, KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Shew Cao | Officer | 40 | $79,642 |
Sue Chenault Board Member | Trustee | 2 | $0 |
Kenneth Clawson Board Member | Trustee | 2 | $0 |
Andy Colley Board Member | Trustee | 2 | $0 |
Jeanette Crockett Board Member | Trustee | 2 | $0 |
John Ferguson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $431,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,895 |
| Total Program Service Revenue | $4,723,003 |
| Investment income | $8 |
| 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 | $5,229,906 |
| 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. | $79,642 |
| Compensation of current officers, directors, key employees. | $10,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,380,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $381,955 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,593 |
| Fees for services: Accounting | $24,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $803,524 |
| Advertising and promotion | $34,681 |
| Office expenses | $21,803 |
| Information technology | $33,811 |
| Royalties | $0 |
| Occupancy | $210,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,163 |
| Insurance | $204,400 |
| All other expenses | $125,678 |
| Total functional expenses | $5,518,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,623,816 |
| Accounts receivable, net | $506,098 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,440 |
| Prepaid expenses and deferred charges | $59,932 |
| Net Land, buildings, and equipment | $3,383,976 |
| Investments—publicly traded securities | $18,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $357,500 |
| Other assets | $0 |
| Total assets | $5,986,827 |
| Accounts payable and accrued expenses | $655,831 |
| 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 | $1,050,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $740,272 |
| Total liabilities | $2,446,175 |
| Net assets without donor restrictions | $3,540,652 |
| 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 | $5,986,827 |