Pace Southeast Michigan
- Assets
- $65.9m
- Revenue
- $151.8m
- Investments
- $0.0
- Employees
- 910
- Location
- Southfield, MI
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 90-0659735
Organization Overview
Pace Southeast Michigan is located in Southfield, MI. The organization was established in 2011. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Pace Southeast Michigan employed 910 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace Southeast Michigan 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, Pace Southeast Michigan generated $151.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $147.0m during the year ending 12/2022. While expenses have increased by 19.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PACE SOUTHEAST MICHIGAN (PACE) IS AN ALTERNATIVE TO NURSING HOME CARE FOR THE FRAIL AND ELDERLY. THE GOAL IS TO HELP INDIVIDUALS REMAIN INDEPENDENT IN THEIR OWN HOMES AND COMMUNITIES AND TO PROVIDE RESPITE AND ASSISTANCE TO FAMILY CAREGIVERS. PACE IS A PROGRAM WHICH PROVIDES COMPREHENSIVE MEDICAL AND SUPPORTIVE SERVICES. THE INTERDISCIPLINARY TEAM AT PACE ASSESSES POTENTIAL PARTICIPANTS AND DEVELOPS A PERSON-CENTERED CARE PLAN - CUSTOMIZING SERVICES TO MEET INDIVIDUALS' NEEDS. FREQUENT CONTACTS WITH PARTICIPANTS AND REGULAR REVIEWS OF THE CARE PLAN ENSURE THAT PARTICIPANTS' NEEDS ARE BEING MET. PACE SEEKS TO FORM A PARTNERSHIP WITH THE PARTICIPANT AND CAREGIVERS TO PROMOTE INDEPENDENCE AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMPREHENSIVE CARE TO THE FRAIL ELDERLY POPULATION UNDER PACE (THE PROGRAM FOR ALL INCLUSIVE CARE). PROVIDE EDUCATION TO THE COMMUNITY ON CARE FOR THE FRAIL ELDERLY POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kummer Naber President/trustee | OfficerTrustee | 40 | $315,908 |
Brian W Carnaghi Treasurer/trustee | OfficerTrustee | 1 | $0 |
Roger L Myers Trustee- Chair | OfficerTrustee | 1 | $0 |
David F Shepherd Trustee- Vice Chair | OfficerTrustee | 1 | $0 |
J Douglas Clark Trustee | Trustee | 1 | $0 |
Susan S Hawkins Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Henry Ford Health System Medical Services | 12/30/22 | $32,219,757 |
Henry Ford Macomb Hospital Medical Services | 12/30/22 | $3,161,092 |
Tabularasa Contracted Services And Software | 12/30/22 | $2,936,547 |
Health Alliance Plan Health Insurance Services | 12/30/22 | $4,503,982 |
Caring Hearts Assisted Living Assisted Living Services | 12/30/22 | $2,708,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,121,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,558,659 |
| Total Program Service Revenue | $145,317,298 |
| Investment income | $24,159 |
| 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 | $151,770,535 |
| 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. | $344,591 |
| Compensation of current officers, directors, key employees. | $17,230 |
| Compensation to disqualified persons | $270,583 |
| Other salaries and wages | $36,339,447 |
| Pension plan accruals and contributions | $1,014,730 |
| Other employee benefits | $4,356,755 |
| Payroll taxes | $2,617,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,094,618 |
| Advertising and promotion | $13,280 |
| Office expenses | $8,696,062 |
| Information technology | $1,113,462 |
| Royalties | $0 |
| Occupancy | $728,741 |
| Travel | $425,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,096,912 |
| Insurance | $1,710,887 |
| All other expenses | $808,384 |
| Total functional expenses | $147,024,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,250,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,561,634 |
| 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 | $1,233,968 |
| Net Land, buildings, and equipment | $8,921,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,076,038 |
| Other assets | $29,819,638 |
| Total assets | $65,863,489 |
| Accounts payable and accrued expenses | $2,513,207 |
| 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 | $43,197,396 |
| Total liabilities | $45,710,603 |
| Net assets without donor restrictions | $20,110,464 |
| Net assets with donor restrictions | $42,422 |
| 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 | $65,863,489 |