Paramount Community Living And Rehab Inc
- Assets
- $2.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, KS
- Founding
- Data as of
- 12/2021
- EIN
- 83-4703245
Organization Overview
Paramount Community Living And Rehab Inc is located in Newton, KS. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Community Living And Rehab Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RETIREMENT COMMUNITY CONSISTING OF A SKILLED NURSING FACILITY; AN ASSISTED LIVING FACILITY AND 69 INDEPENDENT LIVING UNITS FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SKILLED NURSING CARE AND ASSITED LIVING FOR THE ELDERLY AS WELL AS INDEPENDANT LIVING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Walden Director | Trustee | 40 | $123,846 |
Yisroel Chafetz Director | Trustee | 40 | $117,654 |
Efram Lahasky Director | Trustee | 40 | $112,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,645,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,648,730 |
| Total Program Service Revenue | $9,440,585 |
| 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 | $11,089,315 |
| 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. | $368,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,981,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $289,622 |
| Payroll taxes | $417,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,222 |
| 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 | $24,181 |
| Office expenses | $51,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $705,833 |
| Travel | $14,196 |
| 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 | $19,141 |
| Insurance | $188,492 |
| All other expenses | $447,300 |
| Total functional expenses | $9,585,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,019,128 |
| 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 | $65,813 |
| Net Land, buildings, and equipment | $115,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,869 |
| Other assets | $407,785 |
| Total assets | $2,665,986 |
| Accounts payable and accrued expenses | $998,376 |
| 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 | $163,401 |
| Total liabilities | $1,161,777 |
| 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 | $1,504,209 |
| Total liabilities and net assets/fund balances | $2,665,986 |
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Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |
Lutheran Senior Citizens Inc Oklahoma City, OK | $21,167,432 | $11,372,456 |
Bethany Home Association Of Lindsborg Kansas Lindsborg, KS | $21,461,588 | $11,142,589 |
Christian Homes Inc Holdrege, NE | $8,366,128 | $8,435,147 |
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Affordable Community Housing Trust Edmond, OK | $11,053,886 | $6,287,831 |
Lodge Of Northbrook Inc Omaha, NE | $63,030,538 | $7,547,151 |
Senior Housing Options Inc Denver, CO | $21,743,725 | $6,799,591 |