Golden Age Inc
- Assets
- $15.7m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 226
- Location
- Greenwood, MS
- Founding
- 12/1961
- Data as of
- 12/2021
- 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 12/2021, Golden Age Inc employed 226 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 12/2021, Golden Age Inc generated $11.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nay Reed Administrato | 40 | $156,987 | |
Jacqueline Ware Nurse Practi | 40 | $145,464 | |
Latosha Sanders Assistant Do | 40 | $145,386 | |
Tynisha Stansberry Assistant Do | 40 | $121,493 | |
Michael Mccrory Nurse | 40 | $112,390 | |
Dr John Hey Board Member | Trustee | 10 | $57,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trinity Therapy Services Therapy | 12/30/21 | $366,886 |
Valley Food Service | 12/30/21 | $173,895 |
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 | $9,668,684 |
| Investment income | -$145,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,163,899 |
| 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 | $5,828,682 |
| Pension plan accruals and contributions | $387,553 |
| Other employee benefits | $0 |
| Payroll taxes | $422,981 |
| 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 | $637,450 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,697 |
| 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 | $341,748 |
| Insurance | $681,422 |
| All other expenses | $944,393 |
| Total functional expenses | $10,936,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,547,245 |
| Savings and temporary cash investments | $771,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,081,852 |
| 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 | $41,864 |
| Net Land, buildings, and equipment | $1,313,538 |
| Investments—publicly traded securities | $78,436 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,841,180 |
| Total assets | $15,675,602 |
| Accounts payable and accrued expenses | $983,115 |
| 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 | $1,403,524 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,386,639 |
| 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 | $13,288,963 |
| Total liabilities and net assets/fund balances | $15,675,602 |
Endowment Analysis
| Beg. Balance | $890,729 |
| Net Contributions | $5,532 |
| Ending Balance | $896,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Ollie Steele Burden Manor Inc Baton Rouge, LA | $15,175,738 | $20,028,612 |
Bnai Brith Home & Hospital For The Aged Inc Cordova, TN | $59,590,119 | $20,367,534 |
Seniortrust Of Florida Inc Nashville, TN | $0 | $3,809 |
Health Care Authority Of The City Of Enterprise Inc Enterprise, AL | $47,734,510 | $17,693,129 |
United Methodist Senior Services Health Care Inc Tupelo, MS | $8,205,297 | $15,838,611 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |
Wood-Lawn Inc Batesville, AR | $28,619,314 | $12,711,949 |
Golden Age Inc Greenwood, MS | $15,675,602 | $11,163,899 |
Community Care Of Rutherford County Inc Murfreesboro, TN | $10,744,555 | $11,543,577 |
The Kings Daughters And Sons Home Bartlett, TN | $20,930,838 | $10,359,674 |