Foundation Health Services Inc

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.

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)Compensation
Richard Daspit Jr
Cio
$0
G Stuart Murphy III
Treasurer
$0
Louis Herrero
Secretary
$0
Lonnie Peeler-Smith
COO
$0
Brandon Holleman
CFO
$0
Kimberly L Joyce
Chief Financial Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mckesson Medical
Medical Supplies
$132,320
Us Food Inc
Food Service
$190,873
View All Vendors

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

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