Centre Care Inc
- Assets
- $56.4m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 497
- Location
- Bellefonte, PA
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 46-3243949
Organization Overview
Centre Care Inc, operating under the name Centre Care Rehabilitation And Wellness Services, is located in Bellefonte, PA. The organization was established in 2014. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Centre Care Rehabilitation And Wellness Services employed 497 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centre Care Rehabilitation And Wellness Services 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, Centre Care Rehabilitation And Wellness Services generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $26.0m during the year ending 12/2021. While expenses have increased by 2.9% 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
OPERATION OF A SKILLED NURSING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SKILLED NURSING FACILITY, FOCUSING ON LOWER-INCOME RESIDENTS FUNDED BY MEDICAID PROGRAMS OR PROVIDING CHARITY CARE TO FINANCIALLY INDIGENT RESIDENTS OF CENTRE COUNTY, PENNSYLVANIA REQUIRING LONG-TERM CARE SERVICES. CENTRE CARE REHABILITATION AND WELLNESS SERVICES HAD A TOTAL CENSUS FOR LOW INCOME MEDICAID RESIDENTS OF 40,897 DAYS IN 2021 (80% OF TOTAL RESIDENTS SERVED). THE REIMBURSEMENT FOR THESE RESIDENTS WAS AN AVERAGE OF $287.32 PER DAY, WHILE THE COST OF PROVIDING SERVICE TO THESE RESIDENTS WAS APPROXIMATELY $392.42 PER DAY. REIMBURSEMENT WAS APPROXIMATELY $4,298,486 LESS THAN THE COST TO PROVIDE SERVICES TO THESE LOW INCOME MEDICAID ELIGIBLE RESIDENTS - THIS SHORTFALL CONSTITUTES "CHARITY CARE" PROVIDED BY CENTRE CARE REHABILITATION AND WELLNESS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wisniewski Treasurer | OfficerTrustee | 8 | $0 |
Betsy Boyer President | OfficerTrustee | 20 | $0 |
Tom Charles Vice President | OfficerTrustee | 8 | $0 |
Andrew Naugle Administrator | Officer | 40 | $0 |
Donna Fick Director | Trustee | 4 | $0 |
Larry Bickford Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chr Consulting Services Management Services | 12/30/21 | $598,720 |
Prime Time Healthcare Agency | 12/30/21 | $704,720 |
Allied Resources Medical Staffing Nursing Agency | 12/30/21 | $393,126 |
Dedicated Nursing Associates Agency | 12/30/21 | $175,569 |
Marvel Medical Staffing Llc Agency | 12/30/21 | $302,848 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,912,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,022,806 |
| Total Program Service Revenue | $16,669,670 |
| Investment income | $9,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$383,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,258,670 |
| 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 | $9,231,766 |
| Pension plan accruals and contributions | $124,200 |
| Other employee benefits | $2,518,709 |
| Payroll taxes | $669,656 |
| Fees for services: Management | $639,345 |
| Fees for services: Legal | $95,506 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,092,164 |
| Advertising and promotion | $144,308 |
| Office expenses | $149,387 |
| Information technology | $99,566 |
| Royalties | $0 |
| Occupancy | $837,213 |
| Travel | $3,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $580,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,458,546 |
| Insurance | $342,983 |
| All other expenses | $26,340 |
| Total functional expenses | $25,953,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846 |
| Savings and temporary cash investments | $6,296,187 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $1,932,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $436,246 |
| Prepaid expenses and deferred charges | $275,492 |
| Net Land, buildings, and equipment | $42,520,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,800,000 |
| Other assets | $56,730 |
| Total assets | $56,359,644 |
| Accounts payable and accrued expenses | $3,601,215 |
| 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 | $34,951,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $700,502 |
| Total liabilities | $39,253,169 |
| Net assets without donor restrictions | $17,091,589 |
| Net assets with donor restrictions | $14,886 |
| 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 | $56,359,644 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Centre Care Inc has recieved totaling $56,119.
| Awarding Organization | Amount |
|---|---|
Health Careers Futures Pittsburgh, PA PURPOSE: TEACHING NURSING HOMES PROGRAM | $50,000 |
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $6,119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maris Grove Inc Glen Mills, PA | $653,132,727 | $91,666,802 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
King Farm Presbyterian Retirement Rockville, MD | $301,432,870 | $34,783,503 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |