Paramount Community Living And Rehab Inc
- Assets
- $10.1m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 349
- Location
- Newton, KS
- Founding
- Data as of
- 12/2023
- 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. As of 12/2023, Paramount Community Living And Rehab Inc employed 349 individuals. 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.
For the year ending 12/2023, Paramount Community Living And Rehab Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $12.4m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 3 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
2023
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 ASSISTED LIVING FOR THE ELDERLY AS WELL AS INDEPENDENT LIVING UNITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Walden Director | Trustee | 40 | $140,000 |
Yisroel Chafetz Director | Trustee | 40 | $133,000 |
Efram Lahasky Director | Trustee | 40 | $127,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emerald Healthcare Llc Healthcare Management | 12/30/23 | $631,741 |
Cascade Health Services Healthcare Staffing | 12/30/23 | $141,858 |
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 | $7,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,055 |
| Total Program Service Revenue | $12,653,057 |
| 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 | $12,660,112 |
| 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. | $400,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,788,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $978,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,534 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,222 |
| Office expenses | $72,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $760,578 |
| Travel | $3,591 |
| 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 | $61,677 |
| Insurance | $277,984 |
| All other expenses | $707,663 |
| Total functional expenses | $12,381,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,610,207 |
| 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 | $93,687 |
| Net Land, buildings, and equipment | $730,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,118 |
| Other assets | $7,488,484 |
| Total assets | $10,121,238 |
| Accounts payable and accrued expenses | $1,650,581 |
| 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 | $6,684,395 |
| Total liabilities | $8,334,976 |
| 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 | $1,786,262 |
| Total liabilities and net assets/fund balances | $10,121,238 |