Mountain Vista Health Park Inc
- Assets
- $13.4m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 203
- Location
- Denton, NC
- Founding
- 04/1979
- Data as of
- 09/2023
- EIN
- 56-1255030
Organization Overview
Mountain Vista Health Park Inc is located in Denton, NC. The organization was established in 1979. 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 09/2023, Mountain Vista Health Park Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Vista Health Park 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 09/2023, Mountain Vista Health Park Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.5m during the year ending 09/2023. While expenses have increased by 4.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY LONG-TERM NURSING CARE FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNTAIN VISTA HEALTH PARK, INC. IS A CORPORATION WHICH PROVIDES LONG-TERM NURSING CARE AND ADULT-CARE HOME SERVICES. THE FACILITY HAS 60 NURSING AND 60 ADULT-CARE BEDS. WE OFFER SERVICES TO THE PUBLIC WITHOUT REGARD TO RELIGION OR ETHNICITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Morris President | OfficerTrustee | 0.25 | $0 |
Ira Matney Vice President | OfficerTrustee | 0.25 | $0 |
Ronnie Harrison Treasurer | OfficerTrustee | 0.25 | $0 |
Annette Yarboro Assistant Treasurer | OfficerTrustee | 0.25 | $0 |
Tina Lanier Secretary | Trustee | 0.25 | $0 |
Jeff Gallimore Board Member | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legacy Healthcare Services Physical, Speech, And Occupational Thera | 9/29/23 | $532,101 |
Yadkin Valley Healthcare Medical Services | 9/29/23 | $177,074 |
Forvis Mazars Llp Financial And It Services | 9/29/23 | $140,454 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,630 |
| 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 | $27,630 |
| Total Program Service Revenue | $8,653,240 |
| Investment income | $265,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,136,890 |
| 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 | $4,555,537 |
| Pension plan accruals and contributions | $45,000 |
| Other employee benefits | $559,291 |
| Payroll taxes | $340,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,252 |
| Fees for services: Other | $61,551 |
| Advertising and promotion | $5,668 |
| Office expenses | $391,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,958 |
| Travel | $21,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,362 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,242 |
| Insurance | $106,595 |
| All other expenses | $53,537 |
| Total functional expenses | $8,457,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,973,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $679,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,672 |
| Prepaid expenses and deferred charges | $18,522 |
| Net Land, buildings, and equipment | $2,787,346 |
| Investments—publicly traded securities | $6,890,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,842 |
| Total assets | $13,437,342 |
| Accounts payable and accrued expenses | $647,821 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,263 |
| Total liabilities | $706,084 |
| Net assets without donor restrictions | $12,731,258 |
| 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 | $13,437,342 |