Academy Health Center Inc
- Assets
- $480.3k
- Revenue
- $547.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 63-0773137
Organization Overview
Academy Health Center Inc, operating under the name Lamar Healthcare And Rehabilitation Center, is located in Montgomery, AL. The organization was established in 1982. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamar Healthcare And Rehabilitation 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 12/2021, Lamar Healthcare And Rehabilitation Center generated $547.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $596.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.2%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NURSING HOME SERVICES FOR THOSE CITIZENS PRIMARILY 65 OR OLDER AND TO PROVIDE SUPPORT FOR THE GULF STATES CONFERENCE ASSOCIATION OF THE SEVENTH DAY ADVENTIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NUSING HOME SERVICES FOR THOSE CITIZENS PRIMARILY 65 OR OLDER AND TO PROVIDE SUPPORT FOR THE GULF STATES CONFERENCE OF THE SEVENTH DAY ADENTIST CHURCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Burke Board Member, President | OfficerTrustee | 0.5 | $0 |
Dave Livermore Board Member, Secretary | OfficerTrustee | 0.5 | $0 |
Brian Danese Board Member, Treasurer | OfficerTrustee | 0.5 | $0 |
Stan Hobbs Board Member | Trustee | 0.5 | $0 |
Mel Eisele Board Member | Trustee | 0.5 | $0 |
Scott Bowes Board Member | Trustee | 0.5 | $0 |
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 | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $504,000 |
| 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 | $547,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $494,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,345 |
| Insurance | $1,348 |
| All other expenses | $0 |
| Total functional expenses | $596,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $305,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,733 |
| Total assets | $480,348 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $480,348 |
| Total liabilities and net assets/fund balances | $480,348 |
Grants Awarded
Over the last fiscal year, Academy Health Center Inc has awarded $494,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lumberton, MS PURPOSE: DONATION TO BASS MEMORIAL ACADEMY | $384,000 |
Montgomery, AL PURPOSE: DONATION TO ENDOWMENT FOR BASS MEMORIAL ACADEMY | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Ocoee Foundation Inc Cleveland, TN | $61,804,087 | $65,905,921 |
Brooks Skilled Nursing Facility A Inc Jacksonville, FL | $11,457,312 | $36,351,742 |
The Joseph L Morse Health Center Inc West Palm Beach, FL | $69,407,457 | $32,587,504 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Plymouth Harbor Inc Sarasota, FL | $141,711,942 | $41,154,528 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Florida Living Options Inc Brandon, FL | $12,885,832 | $28,738,947 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
River Garden Hebrew Home For The Aged Jacksonville, FL | $35,569,519 | $22,518,113 |
St Annes Nursing Center St Annes Residence Inc Miami, FL | $12,936,680 | $20,273,034 |