Classic Care Homes Inc
- Assets
- $543.9k
- Revenue
- $2.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Smithfield, NC
- Founding
- 06/1992
- Data as of
- 12/2019
- EIN
- 56-1748275
Organization Overview
Classic Care Homes Inc is located in Smithfield, NC. The organization was established in 1992. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classic Care Homes 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 12/2019, Classic Care Homes Inc generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (65.4%) each year. All expenses for the organization totaled $18.8k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
REST HOME FACILITY FOR ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
REST HOME FACILITY FOR THE ELDERLY IN NEED OF SPECIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie F Stephenson Pres/director | OfficerTrustee | 0 | $0 |
Robert C Hollamon V.p./director | OfficerTrustee | 0 | $0 |
Diane W Hollamon Sec/treas/dir | OfficerTrustee | 40 | $0 |
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 | $2,862 |
| Investment income | $6 |
| 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 | $2,868 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,710 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,890 |
| Insurance | $553 |
| All other expenses | $0 |
| Total functional expenses | $18,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $491,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,865 |
| Accounts payable and accrued expenses | $0 |
| 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 | $205,610 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,610 |
| Net assets without donor restrictions | $0 |
| 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 | $338,255 |
| Total liabilities and net assets/fund balances | $543,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nrv Nursing Center Incorporated Blacksburg, VA | $7,964,954 | $10,164,817 |
Holy Angels Services Inc Belmont, NC | $2,266,418 | $9,225,338 |
Magnolia Manor Of Liberty County Inc Americus, GA | $12,564,407 | $5,177,514 |
Hickory Creek Healthcare Foundation Inc Atlanta, GA | $17,637,730 | $7,980,753 |
Baptist Nursing Home - Calhoun Inc Memphis, TN | $2,962,661 | $7,357,762 |
Humphreys County Nursing Home Waverly, TN | $18,318,593 | $7,539,593 |
Wood-Presbyterian Home Inc Sweetwater, TN | $8,054,240 | $6,645,984 |
Gordon Jensen Health Care Association Inc Atlanta, GA | $8,645,336 | $5,413,001 |
Staywell Senior Care Asheboro, NC | $0 | $7,095,581 |
Hoosier Care Ii Inc Nashville, TN | $2,936,661 | $6,808,328 |
Martha Jefferson House Charlottesville, VA | $12,864,476 | $6,390,092 |
Serene Manor Hospital Inc Knoxville, TN | $3,306,349 | $5,372,938 |