Hcr Manorcare Inc
- Assets
- $2.1b
- Revenue
- $2.2b
- Investments
- $0.0
- Employees
- 42,516
- Location
- Toledo, OH
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-5373223
Organization Overview
Hcr Manorcare Inc is located in Toledo, OH. The organization was established in 2019. 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 12/2022, Hcr Manorcare Inc employed 42,516 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hcr Manorcare 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 12/2022, Hcr Manorcare Inc generated $2.2b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $3.1b during the year ending 12/2022. While expenses have increased by 18.9% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HCR MANORCARE, INC.'S POST-ACUTE DIVISION WILL SUPPORT HEALTH SYSTEMS, ACUTE CARE PROVIDERS, HEALTH PLANS AND COMMUNITY ORGANIZATIONS BY PROVIDING ACCESS TO A VARIETY OFPOST-HOSPITAL CARE SERVICES IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
SKILLED NURSING AND REHABILITATION SERVICES:HCR MANORCARE, INC.'S SKILLED NURSING AND REHABILITATION CENTERSPROVIDE SHORT-TERM REHABILITATION AND SKILLED NURSING SERVICES FOR THOSE PATIENTS TRANSITIONING BETWEEN HOSPITAL AND HOME. AN INTERDISCIPLINARY TEAM APPROACH HELPS ENSURE THE PATIENT AND THEIR FAMILY ARE READY FOR A SAFE AND HEALTHY RETURN HOME. THE CENTERS ALSO PROVIDE LONG-TERM RESIDENTIAL CARE DESIGNED TO PROVIDE ASSISTANCE TO THOSE WHO ARE NO LONGER ABLE TO CARE FOR THEMSELVES DUE TO PHYSICAL LIMITATIONS, CHRONIC CONDITIONS OR CHANGES IN MENTAL CAPACITY. - SEE SCHEDULE O.
HOME HEALTH AND HOSPICE SERVICES:HCR MANORCARE, INC.'S HOME CARE SERVICES ARE DESIGNED TO HELP MEDICALLYABLE PATIENTS CONTINUE TO STRENGTHEN AND INCREASE THEIR ABILITY TO CAREFOR THEMSELVES ONCE THEY RETURN HOME FROM A HOSPITAL STAY. SERVICESSUCH AS WOUND CARE, INFUSION THERAPY, REHABILITATION SERVICES ANDEDUCATIONAL INFORMATION CAN BE PROVIDED IN THE COMFORTS OF ONE'S HOME.HCR MANORCARE, INC.'S HOSPICE SERVICES FOCUS ON THE PHYSICAL, SPIRITUALAND PSYCHOSOCIAL NEEDS OF INDIVIDUALS IN THE LAST STAGE OF THEIR LIVES.HOSPICE SERVICES ARE PROVIDED IN PEOPLE'S HOMES AND IN SKILLED NURSINGAND ASSISTED LIVING CENTERS. PALLIATIVE AND CLINICAL CARE, EDUCATION,COUNSELING AND OTHER RESOURCES TAKE INTO CONSIDERATION THE PATIENTS - SEE SCHEDULE O.
HCR MANORCARE, INC.'S ARDEN COURTS MEMORY CARE COMMUNITIES PROVIDERESIDENTIAL SECURED LIVING SERVICES FOR THOSE LIVING WITH ALZHEIMER'SOR RELATED DEMENTIA. ARDEN COURTS ARE DESIGNED TO SUPPORT THE HIGHESTPRACTICABLE LEVEL OF ENGAGEMENT AND FUNCTION. FAMILIES AND COMMUNITYCAREGIVERS ARE SUPPORTED THROUGH SPECIAL EDUCATIONAL EVENTS AND SUPPORTGROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Oostra Phs Pres. & Ceo-Part Year | Officer | 1 | $0 |
Steven M Cavanaugh Treasurer, Cfo-Part Year | Officer | 1 | $0 |
Arturo Polizzi President And CEO | Officer | 1 | $0 |
Jeffrey C Kuhn Secretary, Chief Legal Officer-Part Year | Officer | 1 | $0 |
Angela Brandt Trustee | Trustee | 1 | $0 |
Stephen M Sadowski Chief Legal Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 12/30/20 | $48,362,020 |
Hospicelink Equipment Rental | 12/30/20 | $22,495,193 |
Healthcare Services Group Inc Housekeeping Services | 12/30/20 | $11,547,883 |
Leaderstat Purchased Services, Medical Staff | 12/30/20 | $8,471,210 |
Snapmedtech Inc Purchased Services, Medical Staff | 12/30/20 | $7,676,156 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $291,528 |
| Government grants | $55,312,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,670,305 |
| Total Program Service Revenue | $2,568,542,209 |
| Investment income | $334,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$435,292,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,223,166,508 |
| 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 | $1,399,288,933 |
| Pension plan accruals and contributions | $12,945,777 |
| Other employee benefits | $103,820,596 |
| Payroll taxes | $102,425,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,853,806 |
| Fees for services: Accounting | $4,215,697 |
| Fees for services: Lobbying | $372,779 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,609,332 |
| Advertising and promotion | $16,642,541 |
| Office expenses | $57,222,094 |
| Information technology | $11,087 |
| Royalties | $0 |
| Occupancy | $336,052,954 |
| Travel | $34,290,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,494,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,832,032 |
| Insurance | $87,975,300 |
| All other expenses | $126,953,619 |
| Total functional expenses | $3,102,666,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,729,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,152,191 |
| Loans from Officers, Directors, or Controlling Persons | $2,574,646 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,641 |
| Prepaid expenses and deferred charges | $11,935,866 |
| Net Land, buildings, and equipment | $92,600,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $143,607,319 |
| Intangible assets | $1,117,922,172 |
| Other assets | $443,145,760 |
| Total assets | $2,136,703,502 |
| Accounts payable and accrued expenses | $604,180,075 |
| Grants payable | $0 |
| Deferred revenue | $2,024,912 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,622,926 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $166,982 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,427,357,027 |
| Total liabilities | $2,042,351,922 |
| Net assets without donor restrictions | $94,351,580 |
| 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 | $2,136,703,502 |
Grants Awarded
Over the last fiscal year, Hcr Manorcare Inc has awarded $45,108 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF GREATER TOLEDO PURPOSE: CHARITABLE DONATION | $35,108 |
WISCONSIN HOSPICE AND PALLIATIVE CARE ASSOCIATION INC PURPOSE: CHARITABLE DONATION | $10,000 |