Gustavus Senior Care
- Assets
- $4.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Farmdale, OH
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4063934
Organization Overview
Gustavus Senior Care is located in Farmdale, OH. The organization was established in 2017. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Gustavus Senior Care employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gustavus Senior Care 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 12/2022, Gustavus Senior Care generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND OPERATE AN ASSISTED LIVING FACILITY FOR THE ELDERLY OF TRUMBULL COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND OPERATE AN ASSISTED LIVING FACILITY FOR THE ELDERLY OF TRUMBULL COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Blasko Treasurer | OfficerTrustee | 1 | $0 |
Thomas Turner Secretary | OfficerTrustee | 1 | $0 |
Robert Miller President | OfficerTrustee | 1 | $0 |
Marilyn Titus Director | Trustee | 1 | $0 |
Elthie Logan Director | Trustee | 1 | $0 |
Leslie Miller Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rien Construction Company Building Construction | 12/30/21 | $3,105,268 |
Walnut Creek Metals Roofing | 12/30/21 | $173,633 |
Town-n-country Pavers Paving | 12/30/21 | $125,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,950 |
| Total Program Service Revenue | $758,309 |
| 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 | $1,287,779 |
| 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 | $495,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,499 |
| Payroll taxes | $41,017 |
| Fees for services: Management | $102,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,796 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,938 |
| Travel | $283 |
| 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 | $149,403 |
| Insurance | $35,439 |
| All other expenses | $29,888 |
| Total functional expenses | $1,077,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,561 |
| 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 | $28,223 |
| Net Land, buildings, and equipment | $4,012,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,120,474 |
| Accounts payable and accrued expenses | $9,076 |
| 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 | $1,135,000 |
| Other liabilities | $106,234 |
| Total liabilities | $1,250,310 |
| 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 | $2,870,164 |
| Total liabilities and net assets/fund balances | $4,120,474 |