Golden Age Inc
- Assets
- $16.0m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 224
- Location
- Greenwood, MS
- Founding
- 12/1961
- Data as of
- 12/2023
- EIN
- 64-0339632
Organization Overview
Golden Age Inc is located in Greenwood, MS. The organization was established in 1961. 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 12/2023, Golden Age Inc employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Age 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 12/2023, Golden Age Inc generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 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
PATIENT CARE FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE FOR THE AGED. THERE WERE NO GRANTS OR ALLOCATIONS TO OTHERS
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 |
|---|---|---|---|
Jacqueline Ware Nurse Practi | 40 | $151,425 | |
Tynisha Stansberry Nurse | 40 | $140,437 | |
Valerie Richardson Nurse | 40 | $99,187 | |
Tabatha Watkins Administrato | Officer | 40 | $103,015 |
Stephanie Triplett Nurse | 40 | $102,832 | |
Dr John Hey Board Member | Trustee | 10 | $59,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cura (Valley) Food Service | 12/30/23 | $115,856 |
Trinity Therapy Services Therapy | 12/30/23 | $289,952 |
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 | $9,201,133 |
| Investment income | $456,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,410,423 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,296,995 |
| Pension plan accruals and contributions | $237,483 |
| Other employee benefits | $0 |
| Payroll taxes | $390,335 |
| 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 | $512,828 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,616 |
| 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 | $274,930 |
| Insurance | $767,356 |
| All other expenses | $970,221 |
| Total functional expenses | $9,922,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,125,641 |
| Savings and temporary cash investments | $274,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,589,734 |
| 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 | $41,726 |
| Net Land, buildings, and equipment | $895,283 |
| Investments—publicly traded securities | $78,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,039,007 |
| Total assets | $16,044,470 |
| Accounts payable and accrued expenses | $933,260 |
| 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 | $933,260 |
| 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 | $15,111,210 |
| Total liabilities and net assets/fund balances | $16,044,470 |