Villa Health Care Inc
- Assets
- $9.4m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 290
- Location
- Sherman, IL
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 37-1215144
Organization Overview
Villa Health Care Inc is located in Sherman, IL. The organization was established in 1992. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Villa Health Care Inc employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Health Care 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 12/2022, Villa Health Care Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $13.2m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
PROVIDE A SHELTERCARE FACILITY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SKILLED NURSING CARE TO PRIVATE, MEDICARE, AND MEDICAID INSURED SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard S Edwards President/tresurer | OfficerTrustee | 26 | $0 |
Kenneth W Tasset Vice President | OfficerTrustee | 1 | $0 |
James O Williamson Vice President | OfficerTrustee | 1 | $0 |
Concetta Cardinell Secretary | OfficerTrustee | 1 | $0 |
Frank Moscardelli Board Member | Trustee | 1 | $0 |
Peter Cavanagh Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Operations Group Llc Management Consultant | 12/30/22 | $1,010,327 |
Select Rehabilitation Inc Therapy Services | 12/30/22 | $722,920 |
Health Alliance Medical Plans Health Insurance | 12/30/22 | $453,391 |
Green Tree Pharmacy Pharmacy Services | 12/30/22 | $374,635 |
Sysco Central Illinois Inc Food Services | 12/30/22 | $234,867 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $519,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,154 |
| Total Program Service Revenue | $11,898,436 |
| Investment income | $4,846 |
| 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 | $12,471,436 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,624,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $501,051 |
| Fees for services: Management | $645,002 |
| Fees for services: Legal | $38,937 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $329,812 |
| Advertising and promotion | $202,497 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $643,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $429,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562,153 |
| Insurance | $764,923 |
| All other expenses | $113,099 |
| Total functional expenses | $13,236,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,182 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $702,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,491 |
| Prepaid expenses and deferred charges | $18,526 |
| Net Land, buildings, and equipment | $6,997,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624,433 |
| Total assets | $9,435,540 |
| Accounts payable and accrued expenses | $1,352,253 |
| 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 | $10,157,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,012 |
| Total liabilities | $11,651,585 |
| Net assets without donor restrictions | -$2,216,045 |
| 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 | $9,435,540 |