Wgh Heritage Inc
- Assets
- $4.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 95-4754793
Organization Overview
Wgh Heritage Inc is located in Fort Worth, TX. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wgh Heritage 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 12/2021, Wgh Heritage Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Sweeney President | 40 | $68,750 | |
Michael D Lennard Vice President | 1 | $0 | |
Robert W Donaldson Secretary/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $215,094 |
| Interest on Savings | $177 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,955,403 |
| Total Revenue | $2,170,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,750 |
| Other employee salaries and wages | $747,507 |
| Pension plans, employee benefits | $0 |
| Interest | $340,206 |
| Taxes | $61,251 |
| Depreciation | $99,609 |
| Occupancy | $127,578 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $672,718 |
| Total operating and administrative expenses | $2,146,492 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,146,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,678 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $67,246 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,844 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,766,376 |
| Other assets | $428,377 |
| Total assets | $4,872,521 |
| Accounts payable and accrued expenses | $2,777,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,865,419 |
| Other liabilities | $0 |
| Total liabilities | $10,643,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seven Acres Jewish Senior Care Services Inc Houston, TX | $33,296,281 | $17,291,093 |
Lakeview Christian Home Of The Southwest Inc Carlsbad, NM | $42,033,708 | $17,045,837 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |
Sierra Health Care Inc Truth Or Consequences, NM | $7,172,173 | $15,373,901 |
Baptist Memorials Ministries Dallas, TX | $76,405,250 | $18,028,006 |
United Methodist Home Of Enid Inc Enid, OK | $6,879,064 | $13,679,398 |
S P J S T Rest Home Taylor, TX | $45,258,719 | $17,630,650 |
Wood-Lawn Inc Batesville, AR | $28,619,314 | $12,711,949 |
Los Alamos Retirement Community Inc Los Alamos, NM | $9,586,285 | $11,050,149 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
St Joseph Manor Bryan, TX | $14,734,053 | $6,915,192 |
Home For Aged Masons Arlington, TX | $126,219,550 | $9,760,970 |