Cascade Pace Inc
- Assets
- $7.6m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 94
- Location
- Jackson, MI
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5362872
Organization Overview
Cascade Pace Inc, operating under the name Thome Pace, is located in Jackson, MI. The organization was established in 2014. 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 12/2021, Thome Pace employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thome Pace 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, Thome Pace generated $19.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $20.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PARTICIPANTS THE CARE AND TREATMENT THEY NEED TO REMAIN INDEPENDENT AND IN THEIR HOME IN THE COMMUNITY FOR AS LONG AS POSSIBLE. MOST PARTICIPANTS ARE LOW-INCOME.
Describe the Organization's Program Activity:
TO PROVIDE PARTICIPANTS THE CARE AND TREATMENT THEY NEED TO REMAIN INDEPENDENT AND IN THEIR HOME IN THE COMMUNITY FOR AS LONG AS POSSIBLE. MOST PARTICIPANTS ARE LOW-INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aram Koltookian Primary Care Physician | 40 | $248,686 | |
Susan Decker Executive Director | Officer | 40 | $174,786 |
Zakari Tata Medical Director | 40 | $154,288 | |
Cynthia Mercier Physical Therapist | 40 | $115,981 | |
Shirley Courey Nurse Practitioner | 40 | $102,573 | |
Lori Potter Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Henry Ford Hospital Medical Services | 12/30/21 | $3,488,467 |
Legacy Assisted Living Housing And Care Services | 12/30/21 | $377,830 |
Jackson Community Ambulance Inc Transportation Services | 12/30/21 | $1,126,122 |
Trhc Pharmacy, Consulting And Professional Se | 12/30/21 | $2,376,872 |
Fresenius Medical Care Medical Services | 12/30/21 | $314,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $19,599,242 |
| Investment income | $997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,533 |
| 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 | $19,698,709 |
| 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. | $192,934 |
| Compensation of current officers, directors, key employees. | $192,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,788,373 |
| Pension plan accruals and contributions | $169,134 |
| Other employee benefits | $466,241 |
| Payroll taxes | $281,520 |
| Fees for services: Management | $805,891 |
| Fees for services: Legal | $19,252 |
| 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 | $10,405,391 |
| Advertising and promotion | $0 |
| Office expenses | $20,084 |
| Information technology | $181,874 |
| Royalties | $0 |
| Occupancy | $71,887 |
| Travel | $167,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,291 |
| Insurance | $201,813 |
| All other expenses | $31,300 |
| Total functional expenses | $20,077,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,103,581 |
| Savings and temporary cash investments | $692,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $117,141 |
| Net Land, buildings, and equipment | $4,604,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,561,855 |
| Accounts payable and accrued expenses | $3,211,454 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,300,433 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $824,009 |
| Total liabilities | $7,335,896 |
| Net assets without donor restrictions | $3,440 |
| Net assets with donor restrictions | $222,519 |
| 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 | $7,561,855 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cascade Pace Inc has recieved totaling $503,100.
| Awarding Organization | Amount |
|---|---|
Umrc Foundation Inc Chelsea, MI PURPOSE: BENEVOLENT CARE & OTHER | $251,550 |
Umrc Foundation Inc Chelsea, MI PURPOSE: BENEVOLENT CARE & OTHER | $251,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Area Agency On Aging Planning And Service Area 2 Dayton, OH | $35,326,580 | $52,166,513 |
Greater Wisconsin Agency On Aging Resources Inc Madison, WI | $13,731,196 | $42,134,890 |
Region Vii Area Agency On Aging Inc Bay City, MI | $27,799,297 | $38,562,151 |
Senior Alliance Inc Wayne, MI | $16,386,744 | $34,715,778 |
Ohio District 5 Area Agency On Aging Inc Ontario, OH | $14,917,880 | $37,069,853 |
Area Office On Aging Of Northwestern Ohio Inc Toledo, OH | $9,850,428 | $34,744,800 |
Senior Resources Of West Michigan Muskegon, MI | $9,040,002 | $32,747,612 |
Direction Home Of Eastern Ohio Inc Youngstown, OH | $12,452,195 | $32,192,790 |
Cicoa Aging & In Home Solutions Inc Indianapolis, IN | $13,970,745 | $32,334,743 |
Region Iv Area Agency On Aging Inc St Joseph, MI | $19,930,869 | $25,090,998 |
Psa 3 Agency On Aging Inc Lima, OH | $4,941,365 | $21,917,488 |
Region Ii Commission On Services To The Aging Brooklyn, MI | $15,232,514 | $24,253,208 |