Ashland Nursing Home Corporation

Organization Overview

Ashland Nursing Home Corporation, operating under the name Kingsbrook Lifecare Center, is located in Ashland, KY. The organization was established in 2014. 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 09/2022, Kingsbrook Lifecare Center employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsbrook Lifecare Center 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 09/2022, Kingsbrook Lifecare Center generated $13.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $14.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY CARE TO PATIENTS NEEDING SHORT-TERM REHAB AND/OR LONG-TERM HEALTHCARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

KINGSBROOK PROVIDES QUALITY CARE TO PATIENTS, MEETING THE NEEDS AND DESIRES OF RESIDENTS AT VARIOUS LEVELS OF CARE, INCLUDING SHORT-TERM AND LONG-TERM CARE. KINGSBROOK IS A 137-BED NURSING FACILITY WHICH PROVIDES SKILLED NURSING SERVICES AND REHABILITATION THERAPY TO RESIDENTS DESIRING TO RETURN HOME FROM AN ACUTE CARE HOSPITAL STAY. KINGSBROOK ALSO PROVIDES NURSING SERVICES AND CARE FOR RESIDENTS ON A LONG-TERM BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Kristie Whitlatch Non-Voting
President
$0
David Jones
Board Chairman
$0
Mark Newman
Board Vice Chair
$0
Stephen Addington
Director
$0
Mark Birdwhistell
Director
$0
Tom Burnette
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kentucky Medical Logistics
Transportation Services
$291,036
Ashland Hospital Corporation
Lab & Radiology Services
$120,145
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $314,210
All other contributions, gifts, grants, and similar amounts not included above$14,555
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$328,765
Total Program Service Revenue$12,688,630
Investment income $2,569
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 $13,109,866

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