Del Mar Healthcare Inc
- Assets
- $15.7m
- Revenue
- $692.6k
- Investments
- $141.3k
- Employees
- 0
- Location
- Del Mar, CA
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 33-0670879
Organization Overview
Del Mar Healthcare Inc is located in Del Mar, CA. The organization was established in 1996. 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. Del Mar Healthcare 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 06/2022, Del Mar Healthcare Inc generated $692.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Del Mar Healthcare Inc has awarded 42 individual grants totaling $5,825,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANT SUPPORT TO ORGANIZATIONS THAT SERVE THE HEALTH, HOUSING, AND FINANCIAL SECURITY NEEDS OF THE ELDERLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald M Ambrose President | 20 | $170,000 | |
Raymond E Hughes Secretary/tr | 0.3 | $8,000 | |
Harry W Gabriel Jr Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $762,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,321 |
| Capital Gain Net Income | $14,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$83,888 |
| Total Revenue | $692,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $178,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,781 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,013 |
| Printing and publications | $0 |
| Other expenses | -$13,893 |
| Total operating and administrative expenses | $219,867 |
| Contributions, gifts, grants paid | $908,000 |
| Total expenses and disbursements | $1,127,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,034 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $7,809,542 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $971 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,597,060 |
| Total assets | $15,653,882 |
| Accounts payable and accrued expenses | $306,343 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,816,576 |
| Total liabilities | $5,122,919 |
Grants Awarded
Over the last fiscal year, Del Mar Healthcare Inc has awarded $908,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE DAYTON FOUNDATION PURPOSE: CHARITABLE | $400,000 |
San Diego, CA PURPOSE: CHARITABLE | $300,000 |
San Diego, CA PURPOSE: CHARITABLE | $100,000 |
SAN DIEGO OASIS PURPOSE: CHARITABLE | $50,000 |
San Diego, CA PURPOSE: CHARITABLE | $25,000 |
GENERATIONS FAMILY FOUNDATION PURPOSE: CHARITABLE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maunalani Nursing And Rehabilitation Center Honolulu, HI | $6,019,656 | $14,999,666 |
Handmaker Jewish Services For The Aging Tucson, AZ | $4,316,204 | $13,562,780 |
Mennonite Brethren Homes Inc Reedley, CA | $16,496,775 | $16,262,117 |
Solheim Lutheran Home Los Angeles, CA | $18,763,299 | $14,981,250 |
San Francisco Ladies Protection And Relief Society San Francisco, CA | $100,474,176 | $14,948,044 |
Hughson Samaritan Village Hughson, CA | $26,279,943 | $12,462,652 |
Industry Convalescent Hospital City Of Industry, CA | $3,198,283 | $10,925,655 |
Friendship Health Center Inc Portland, OR | $7,669,788 | $11,107,649 |
Masonic And Eastern Star Home Forest Grove, OR | $71,707,379 | $17,096,099 |
Inter Community Care Centers Inc Long Beach, CA | $6,701,736 | $8,800,012 |
Fellowship Home Inc Modesto, CA | $9,526,951 | $7,953,169 |
Little Sisters Of The Poor Home For The Aged San Francisco, CA | $17,921,119 | $10,478,703 |