Vaughan Place Senior Living Community Inc
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $1.0m
- Employees
- 5
- Location
- Selma, AL
- Founding
- 07/1984
- Data as of
- 09/2023
- EIN
- 63-0872232
Organization Overview
Vaughan Place Senior Living Community Inc is located in Selma, AL. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Vaughan Place Senior Living Community Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vaughan Place Senior Living Community 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 09/2023, Vaughan Place Senior Living Community Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH EDUCATION AND HEALTH RELATED SERVICES TO THE COMMUNITY OF DALLAS COUNTY, AL
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAUGHAN PLACE SENIOR LIVING COMMUNITY, INC. (VPSLC) PROVIDES QUALITY ASSISTED LIVING CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF VPSLC, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND EDUCATION. THEREFORE, IN KEEPING WITH THE ORGANIZATION'S COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY FREE CARE AND/OR SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS BELOW COST, AND HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR INDIVIDUAL'S INABILITY TO PAY CO-EXISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Bearden Secretary/treasurer | OfficerTrustee | 5 | $0 |
Lotfi Bashir MD Director | Trustee | 5 | $0 |
John B Morris Chairman | OfficerTrustee | 5 | $0 |
Becky Cothran-Nichols Director | Trustee | 5 | $0 |
Ralph N Hobbs ESQ Director | Trustee | 5 | $0 |
Nicholas Knight MD Director | Trustee | 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 | $415,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,000 |
| Total Program Service Revenue | $1,000,906 |
| Investment income | $0 |
| 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 | $1,415,906 |
| 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. | $102,728 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,160 |
| Payroll taxes | $67,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,662 |
| Advertising and promotion | $8,350 |
| Office expenses | $54,883 |
| Information technology | $8,493 |
| Royalties | $0 |
| Occupancy | $111,447 |
| Travel | $7,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,584 |
| Interest | $51,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,727 |
| Insurance | $52,683 |
| All other expenses | $30,840 |
| Total functional expenses | $1,762,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4 |
| Savings and temporary cash investments | $625,491 |
| 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 | $2,664 |
| Prepaid expenses and deferred charges | $14,030 |
| Net Land, buildings, and equipment | $1,571,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,047,506 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,261,023 |
| Accounts payable and accrued expenses | $36,065 |
| Grants payable | $0 |
| Deferred revenue | $546,310 |
| 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 | $1,016,701 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,729 |
| Total liabilities | $1,645,805 |
| Net assets without donor restrictions | $1,615,218 |
| 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 | $3,261,023 |