American Eagle Lifecare Corporation
- Assets
- $303.4m
- Revenue
- $57.4m
- Investments
- $0.0
- Employees
- 1,515
- Location
- Ann Arbor, MI
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 01-0706736
Organization Overview
American Eagle Lifecare Corporation is located in Ann Arbor, MI. The organization was established in 2002. 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 12/2021, American Eagle Lifecare Corporation employed 1,515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Eagle Lifecare Corporation 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, American Eagle Lifecare Corporation generated $57.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $73.4m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS AND OPERATES NURSING HOMES, SENIOR LIVING FACILITIES, ASSISTED LIVING FACILITIES AND RELATED FACILITIES, AND PROVIDES HEALTHCARE AND OTHER SERVICES TO THE ELDERLY AND INFIRM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITIES OF THE ORGANIZATION PROVIDE A VARIETY OF SERVICES TO THE ELDERLY THROUGHOUT THE UNITED STATES. THESE FACILITIES PROVIDE SERVICES WITHOUT CHARGE, OR AT AMOUNTS LESS THAN ESTABLISHED RATES, TO PATIENTS WHO MEET THE CRITERIA OF ITS CHARITY CARE OR UNINSURED POLICIES. THE CRITERIA FOR CHARITY CARE TAKES INTO CONSIDERATION HEALTH & HUMAN SERVICES FEDERAL POVERTY GUIDELINES, FAMILY ASSETS, FAMILY SIZE, EMPLOYMENT STATUS, ORDINARY FAMILY EXPENSES, AND OTHER RELATED INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspire Senior Marketing Marketing Services | 12/30/21 | $227,289 |
Right Choice Contracting Llc Contracting Services | 12/30/21 | $228,480 |
Medical Rehabilitation Centers Llc Management Services | 12/30/21 | $201,759 |
Greenbriar Senior Living Management Services | 12/30/21 | $2,787,932 |
Educare Medical Staffing Healthcare Services | 12/30/21 | $382,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,867,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,867,600 |
| Total Program Service Revenue | $61,819,612 |
| Investment income | $2,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,376,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,418,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,291,177 |
| Compensation of current officers, directors, key employees. | $968,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,853,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,299,373 |
| Payroll taxes | $1,789,836 |
| Fees for services: Management | $3,202,900 |
| Fees for services: Legal | $942,981 |
| Fees for services: Accounting | $101,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,267,202 |
| Advertising and promotion | $1,776,561 |
| Office expenses | $543,824 |
| Information technology | $460,660 |
| Royalties | $0 |
| Occupancy | $8,794,179 |
| Travel | $285,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,174 |
| Interest | $13,537,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,227,013 |
| Insurance | $800,810 |
| All other expenses | $543,134 |
| Total functional expenses | $73,399,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,475 |
| Savings and temporary cash investments | $10,489,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,369,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,107 |
| Prepaid expenses and deferred charges | $850,626 |
| Net Land, buildings, and equipment | $250,643,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,089,344 |
| Other assets | $7,772,504 |
| Total assets | $303,368,922 |
| Accounts payable and accrued expenses | $25,657,281 |
| Grants payable | $0 |
| Deferred revenue | $195,819 |
| Tax-exempt bond liabilities | $213,328,499 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,888,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,084,325 |
| Total liabilities | $278,154,575 |
| Net assets without donor restrictions | $25,214,347 |
| 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 | $303,368,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Continuing Care Services Farmington Hills, MI | $99,574,013 | $103,810,829 |
American Eagle Lifecare Corporation Ann Arbor, MI | $303,368,922 | $57,418,152 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Uvmc Nursing Care Inc Dayton, OH | $28,595,230 | $22,808,264 |
Jewish Home And Care Center Inc Milwaukee, WI | $33,036,142 | $18,800,726 |
Marwood Manor Nursing Home Port Huron, MI | $35,416,366 | $24,316,598 |
Bethany-St Joseph Corp La Crosse, WI | $31,103,859 | $21,334,588 |