Mercy Restorative Care Hospital Inc
- Assets
- $21.2m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 267
- Location
- Plano, TX
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 75-3054855
Organization Overview
Mercy Restorative Care Hospital Inc, operating under the name See Schedule O, is located in Plano, TX. The organization was established in 2003. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, See Schedule O employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2022, See Schedule O generated $19.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $18.2m during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE EXCEPTIONAL HEALTHCARE WITH DEDICATION AND COMPASSION TO MEDICALLY COMPLEX EXTENDED STAY PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY RESTORATIVE CARE HOSPITAL INC., D/B/A CAROLINAS CONTINUECARE HOSPITAL AT PINEVILLE (CAROLINAS CCH AT PINEVILLE), IS A STAND-ALONE 40-BED LTACH HOUSED IN A MODERN FACILITY THAT WAS CUSTOM DESIGNED TO TREAT CRITICALLY ILL, MEDICALLY COMPLEX PATIENTS. CAROLINAS CCH AT PINEVILLE IS LOCATED IN SOUTHERN CHARLOTTE ON THE CAROLINAS HEALTHCARE SYSTEM PINEVILLE CAMPUS. CAROLINAS CCH AT PINEVILLE IS SPECIFICALLY LICENSED AND ADMINISTERED TO PROVIDE CARE FOR PATIENTS WHO REQUIRE DAILY PHYSICIAN AND STAFF ATTENTION FOR COMPLEX CONDITIONS. CAROLINAS CCH AT PINEVILLE'S EMPLOYEES ARE A DEDICATED TEAM WHO WORK TOGETHER DELIVERING THE BEST POSSIBLE CARE FOR OUR PATIENTS THAT REQUIRE EXTENDED LENGTHS OF STAY, TYPICALLY 25 DAYS OR LONGER, IN AN ACUTE CARE SETTING. SINCE CAROLINAS CCH AT PINEVILLE HAS A LONGER LENGTH OF STAY, THE STAFF HAS THE OPPORTUNITY TO GET TO KNOW PATIENTS AND FAMILIES. CAROLINAS CCH AT PINEVILLE BELIEVES SPENDING QUALITY TIME MAKES A DIFFERENCE. CAROLINAS CCH AT PINEVILLE IS A SEPARATE YET FULLY LICENSED ACUTE-CARE HOSPITAL WITH THE ABILITY TO PROVIDE INTENSIVE AND COMPLEX MEDICAL TREATMENT. CAROLINAS CCH AT PINEVILLE'S SPECIALTY PROGRAMS ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF LONG-TERM, ACUTE-CARE PATIENTS. DURING THE FISCAL YEAR ENDED JUNE 30, 2022, CAROLINAS CCH AT PINEVILLE'S TOTAL PATIENTS ADMITTED WERE 364 AND THE TOTAL NUMBER OF PATIENT CARE DAYS PROVIDED WAS 10,942. THE AVERAGE DAILY CENSUS WAS 30 PATIENTS AND THE AVERAGE LENGTH OF STAY OF THE DISCHARGED PATIENTS EXCEEDED 29.3 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/president | OfficerTrustee | 0.1 | $0 |
Name Not Listed Director (start 2/2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charlotte Eye Ears Nose Throat Physician Svcs | 6/29/18 | $125,000 |
Mcdermott Will Emery Llp Legal Services | 6/29/18 | $324,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,711 |
| 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 | $199,711 |
| Total Program Service Revenue | $18,869,671 |
| Investment income | $17,937 |
| 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 | $19,208,562 |
| 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 | $8,774,013 |
| Pension plan accruals and contributions | $146,883 |
| Other employee benefits | $1,080,899 |
| Payroll taxes | $581,805 |
| Fees for services: Management | $540,000 |
| Fees for services: Legal | $1,645 |
| Fees for services: Accounting | $114,308 |
| Fees for services: Lobbying | $12,774 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,305,049 |
| Advertising and promotion | $11,586 |
| Office expenses | $42,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,422,642 |
| Travel | $22,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $592 |
| Interest | $1,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,695 |
| Insurance | $407,281 |
| All other expenses | $104,942 |
| Total functional expenses | $18,194,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,393,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,976,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,693 |
| Prepaid expenses and deferred charges | $399,350 |
| Net Land, buildings, and equipment | $14,507,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $858,620 |
| Other assets | $0 |
| Total assets | $21,198,417 |
| Accounts payable and accrued expenses | $2,263,401 |
| 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 | $14,566,635 |
| Total liabilities | $16,830,036 |
| Net assets without donor restrictions | $4,368,381 |
| 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 | $21,198,417 |