Noland Health Services Inc
- Assets
- $509.6m
- Revenue
- $149.7m
- Investments
- $143.7m
- Employees
- 2,797
- Location
- Birmingham, AL
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 63-0308739
Organization Overview
Noland Health Services Inc is located in Birmingham, AL. The organization was established in 2006. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Noland Health Services Inc employed 2,797 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noland Health Services 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, Noland Health Services Inc generated $149.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $133.2m during the year ending 06/2022. While expenses have increased by 1.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NOLAND HEALTH SERVCIES, INC. (NHS) IS DEDICATED TO IDENTIFYING AND MEETING THE HEALTHCARE NEEDS OF THE COMMUNITIES IT SERVES, WITH EMPHASIS IT HAS MAINTAINED FOR MANY YEARS ON SPECIAL SERVICES AND PROGRAMS TO MEET THE NEEDS OF THE ELDERLY AND OTHER UNIQUE PATIENT POPULATIONS. IN KEEPING WITH ITS MISSION AND STRATEGIC PLAN, NHS HAS ESTABLISHED ITSELF AS A PREMIER PROVIDER OF LONG-TERM ACUTE CARE HOSPITAL (LTACH) SERVICES AND RETIREMENT COMMUNITY SERVICES IN THE STATE OF ALABAMA. IN PURSUIT OF THIS FOCUS, NHS OPERATES SIX LTACHS THROUGHOUT ALABAMA TOTALING 218 BEDS, WHICH ADMITTED 1,097 PATIENTS AND PROVIDED 28,283 DAYS OF PATIENT CARE. NHS OPERATES TEN RETIREMENT COMMUNITIES IN ALABAMA, WHICH INCLUDES 1,102 SKILLED NURSING (SNF) BEDS, 246 ASSISTED LIVING (ALF) UNITS, 130 SPECIALTY CARE ASSISTED LIVING (SCALF) UNITS AND 174 INDEPENDENT LIVING (IL) APARTMENTS. THROUGH THESE COMMUNITIES, NHS PROVIDED 267,107, 46,611, 21,681 AND 49,969, RESIDENT DAYS OF SNF, ALF, SCALF, AND IL SERVICES.
Describe the Organization's Program Activity:
NHS OPERATES SIX LONG-TERM ACUTE CARE HOSPITALS THROUGHOUT ALABAMA TOTALING 218 BEDS WHICH ADMITTED 1,097 PATIENTS AND PROVIDED 28,283 DAYS OF PATIENT CARE.
NHS OPERATES TEN RETIREMENT COMMUNITIES IN ALABAMA, WHICH INCLUDES 1,102 SKILLED NURSING (SNF) BEDS, 246 ASSISTED LIVING (ALF) UNITS, 130 SPECIALTY CARE ASSISTED LIVING (SCALF) UNITS AND 174 INDEPENDENT LIVING (IL) APARTMENTS. THROUGH THESE COMMUNITIES, NHS PROVIDED 267,107, 46,611, 21,681 AND 49,969, RESIDENT DAYS OF SNF, ALF, SCALF, AND IL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ripon Britton Jr Chairman Of The Board | Trustee | 20 | $3,000 |
Robert Gary Goff Sr Vice-Chairman Of The Board | Trustee | 20 | $7,306 |
George H Smith Director | Trustee | 2 | $1,200 |
Debra Nelson Director | Trustee | 2 | $1,200 |
Larry S Dillard Director | Trustee | 2 | $1,200 |
Michelle B Adamson Director | Trustee | 2 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Champion Partners In Rehab Xvii Llc Contract Therapy | 6/29/22 | $6,549,583 |
Regional Medical Center Ancillary Services | 6/29/22 | $2,400,763 |
Felder Services Llc Environmental Services | 6/29/22 | $5,227,834 |
Jackson Hospital Ancillary Services | 6/29/22 | $1,489,252 |
Dch Regional Medical Center Ancillary Services | 6/29/22 | $1,257,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| 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 | $0 |
| Total Program Service Revenue | $123,491,867 |
| Investment income | $6,783,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $655,167 |
| Net Gain/Loss on Asset Sales | $12,277,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,654,945 |
| 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. | $3,485,794 |
| Compensation of current officers, directors, key employees. | $3,485,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,126,048 |
| Pension plan accruals and contributions | $3,784,564 |
| Other employee benefits | $7,452,178 |
| Payroll taxes | $4,236,245 |
| Fees for services: Management | $95,964 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $794,529 |
| Fees for services: Other | $2,050,816 |
| Advertising and promotion | $58,471 |
| Office expenses | $6,336,132 |
| Information technology | $1,300,081 |
| Royalties | $0 |
| Occupancy | $3,534,605 |
| Travel | $307,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,242 |
| Interest | $3,821,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,064,158 |
| Insurance | $2,547,945 |
| All other expenses | $461,076 |
| Total functional expenses | $133,164,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,932,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,411,449 |
| 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 | $735,683 |
| Net Land, buildings, and equipment | $97,555,315 |
| Investments—publicly traded securities | $224,254,102 |
| Investments—other securities | $143,657,620 |
| Investments—program-related | $0 |
| Intangible assets | $5,141,128 |
| Other assets | $6,874,471 |
| Total assets | $509,562,662 |
| Accounts payable and accrued expenses | $12,267,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $110,989,790 |
| 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 | $25,024,136 |
| Total liabilities | $148,281,348 |
| Net assets without donor restrictions | $361,175,087 |
| Net assets with donor restrictions | $106,227 |
| 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 | $509,562,662 |