Mission Convalescent Home Inc
- Assets
- $1.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Jackson, TN
- Founding
- 04/1970
- Data as of
- 12/2018
- EIN
- 62-0808752
Organization Overview
Mission Convalescent Home Inc is located in Jackson, TN. The organization was established in 1970. 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 12/2018, Mission Convalescent Home Inc employed 65 individuals. Mission Convalescent Home 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 12/2018, Mission Convalescent Home Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CHURCH RELATED NURSING HOME PROVIDING 24 HOUR CARE FOR THE ELDERLY. IN-PATIENT REHABILITATION THERAPY AND HOSPICE SERVICES ARE ALSO OFFERED. ITS FUNDAMENTAL PURPOSE IS TO DELIVER "UNCOMPROMISED QUALITY HEALTH CARE" TO RESIDENTS ON A DAILY BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STRIVES TO MAINTAIN A HIGH QUALITY LONG-TERM SKILLED NURSING CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane E Cherry Ceo/administ | OfficerTrustee | 45 | $104,625 |
James E Cherry Asst Adminis | OfficerTrustee | 40 | $93,809 |
Michael Cherry Chairman/man | OfficerTrustee | 1 | $250 |
Ida Ruth Bradford Vice Chairma | Trustee | 1 | $250 |
Marcia Mitchell Director | Trustee | 1 | $250 |
Deborah Stafford Director | Trustee | 1 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $200 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $200 |
| Total Program Service Revenue | $3,345,883 |
| Investment income | $15 |
| 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 | $3,352,149 |
| 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. | $200,434 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,509,150 |
| Pension plan accruals and contributions | $31,566 |
| Other employee benefits | $0 |
| Payroll taxes | $132,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,780 |
| Office expenses | $14,684 |
| Information technology | $5,443 |
| Royalties | $0 |
| Occupancy | $93,769 |
| Travel | $4,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,324 |
| Insurance | $390,747 |
| All other expenses | $266,498 |
| Total functional expenses | $3,563,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,482 |
| Savings and temporary cash investments | $96,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,156 |
| Net Land, buildings, and equipment | $1,187,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,806,306 |
| Accounts payable and accrued expenses | $133,293 |
| 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 | $320,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,635 |
| Total liabilities | $476,564 |
| Unrestricted restricted net Assets | $1,329,742 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,329,742 |