Sentara Life Care Corporation
- Assets
- $4.4m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 119
- Location
- Virginia Beach, VA
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 54-1217183
Organization Overview
Sentara Life Care Corporation is located in Virginia Beach, VA. The organization was established in 1983. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Sentara Life Care Corporation employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Life Care Corporation 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, Sentara Life Care Corporation generated $25.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $23.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 8 years. 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
AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACE PROGRAM SENIOR SUPPORT SERVICES. SEE SCHEDULE O FOR A DESCRIPTION OF PROGRAMS AND ACCOMPLISHMENTS OF THE SENTARA HEALTH SYSTEM FOR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard P Kern Director/chairman (through 9/22) | OfficerTrustee | 1 | $0 |
Michael V Gentry Director | Trustee | 1 | $0 |
Robert A Broermann Director/treasurer | OfficerTrustee | 1 | $0 |
Dennis A Matheis Director/chairman (eff 9/22) | OfficerTrustee | 1 | $0 |
Paul A Gaden President | Officer | 1 | $0 |
Earl J Barnes II Secretary (eff 6/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Healthcare Staffing Solutions | 12/30/22 | $494,210 |
Tabula Rasa Healthcare Healthcare Software Solutions | 12/30/22 | $198,116 |
Truck Fleet Repair Auto Repair Services | 12/30/22 | $143,008 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,577,792 |
| Investment income | $0 |
| 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 | $25,610,922 |
| 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. | $192,076 |
| Compensation of current officers, directors, key employees. | $31,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,338,607 |
| Pension plan accruals and contributions | $299,630 |
| Other employee benefits | $918,441 |
| Payroll taxes | $506,467 |
| Fees for services: Management | $387,329 |
| Fees for services: Legal | $0 |
| 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 | $1,074,632 |
| Advertising and promotion | $275 |
| Office expenses | $548,165 |
| Information technology | $28,429 |
| Royalties | $0 |
| Occupancy | $499,310 |
| Travel | $190,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $372,112 |
| Insurance | $303,665 |
| All other expenses | $143,185 |
| Total functional expenses | $23,710,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,762,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,130 |
| Prepaid expenses and deferred charges | $24,500 |
| Net Land, buildings, and equipment | $939,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $613,850 |
| Other assets | $6,307 |
| Total assets | $4,403,535 |
| Accounts payable and accrued expenses | $909,254 |
| Grants payable | $0 |
| Deferred revenue | $9,525 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,669,297 |
| Total liabilities | $4,588,076 |
| Net assets without donor restrictions | -$317,541 |
| Net assets with donor restrictions | $133,000 |
| 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 | $4,403,535 |