Foundation Health Services Inc
- Assets
- $0.0
- Revenue
- $14.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 72-1150472
Organization Overview
Foundation Health Services Inc is located in Baton Rouge, LA. The organization was established in 0000. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Foundation 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 12/2021, Foundation Health Services Inc generated $14.5k 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 (54.2%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE NURSING CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN FAMILY SERVICES WAS FORMED TO OWN AND OPERATE A 60 BEDNURSING FACILITY AND A 42 BED ASSISTED LIVING FACILITY IN NELSONIA, VIRGINIA, A RURAL COMMUNITY. ON APRIL 14, 2017, THE UNITED STATES DISTRICT COURT FOR THE EASTEN DISTRICT OF VIRGINIA ISSUED AN ORDER APPOINTING A RECEIVER TO OVERSEE AND OPERATE AFS ON BEHALF OF THE BOND TRUSTEE. THE RECEIVER IS DIRECTED AND EMPOWERED TO TAKE FROM MANAGEMENT OF AFS ALL RIGHTS AND POWERS OF MANAGEMENT WITH RESPECT TO THE COLLATERAL, AS DEFINED IN THE ORDER, INCLUDING THE FACILITY AND ITS OPERATIONS THEREOF. AT THE REQUEST OF THE RECEIVER, FHS MANAGEMENT IS CONTINUING TO PROVIDE FINANCIAL SERVICES. IN 2018, THE RECEIVER CEASED OPERATIONS AND SOLD THE FACILITY BED LICENSE. IN 2019, THE BUILDING AND LAND WERE SOLD AND THE RECEIVER BEGAN FINAL DISTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Daspit Sr President | OfficerTrustee | 1 | $0 |
G Stuart Murphy III Treasurer | OfficerTrustee | 1 | $0 |
Louis Herrero Secretary | OfficerTrustee | 1 | $0 |
Lonnie Peeler-Smith COO | Officer | 1 | $0 |
Brandon Holleman CFO | Officer | 1 | $0 |
Richard Daspit Jr Cio | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Food Inc Food Service | 12/30/16 | $190,873 |
Mckesson Medical Medical Supplies | 12/30/16 | $132,320 |
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 | $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 | $14,526 |
| 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 | $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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $84,881 |
| Total liabilities | $84,881 |
| Net assets without donor restrictions | -$84,881 |
| 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 | $0 |