Virtua Health And Rehabilitation Center At Mount Holly Inc

Organization Overview

Virtua Health And Rehabilitation Center At Mount Holly Inc is located in Marlton, NJ. The organization was established in 1952. 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, Virtua Health And Rehabilitation Center At Mount Holly Inc employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtua Health And Rehabilitation Center At Mount Holly 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, Virtua Health And Rehabilitation Center At Mount Holly Inc generated $9.0m 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 (11.2%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL AND STAY WELL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NURSING CARE - CARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. CARE IS GIVEN PRIMARILY TO GERIATRIC PATIENTS ADMITTED TO THE 180 BED NURSING FACILITY. PATIENT DAYS TOTALED 30,953 IN 2021.THE MAJORITY OF THE PATIENTS AT THE FACILITY ARE INSURED UNDER MEDICAL ASSISTANCE PROGRAMS, SUCH AS THE STATE ADMINISTERED MEDICAID PROGRAM. REIMBURSEMENT FOR THESE PROGRAMS IS LESS THAN THE COST OF THE SERVICES PROVIDED TO THE PATIENT. ADDITIONALLY, THE FACILITY PROVIDED CHARITY CARE FOR PATIENTS WHO HAD NO INSURANCE AND WERE UNABLE TO PAY. THE VALUE OF THOSE SERVICES EXCEEDED $491,820 IN 2021.


REHABILITATION - THE FACILITY PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES TO PATIENTS. EMPHASIS IS PLACED ON PATIENT FOCUSED, OUTCOME DRIVEN THERAPY THAT ALLOWS EACH PERSON TO ACHIEVE THEIR GREATEST RECOVERY POTENTIAL. REHABILITATION SERVICES EXCEEDED 5,117 HOURS IN 2021.


DIETARY - PROVIDE MEALS FOR NURSING HOME RESIDENTS. MEALS ARE SERVED THREE TIMES A DAY, 365 DAYS A YEAR. THE TOTAL NUMBER OF MEALS SERVED TO RESIDENTS WAS 92,859 FOR 2021.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,169
Government grants $0
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$1,169
Total Program Service Revenue$8,954,139
Investment income $890
Tax Exempt Bond Proceeds $25
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 $9,016,315

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Virtua Health And Rehabilitation Center At Mount Holly Inc has recieved totaling $45,898.

Awarding OrganizationAmount
Virtua Health Foundation Inc

Marlton, NJ

PURPOSE: PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.

$45,898
View Grant Recipient Profile

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