Lake Prince Center Inc

Organization Overview

Lake Prince Center Inc is located in Newton, NC. The organization was established in 1999. 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 09/2022, Lake Prince Center Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Prince Center 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 09/2022, Lake Prince Center Inc generated $13.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $14.5m during the year ending 09/2022. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE PROGRAMS OF OUTREACH AND COMPASSIONATE SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTINUING CARE RETIREMENT COMMUNITY IN SUFFOLK, VA. PROVIDING LONG TERM CARE FOR THE ELDERLY CONSISTING OF NURSING, MEALS, LAUNDRY, RECREATION, AND OTHER SERVICES FOR RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Judy Raymond
Executive Director
$194,860
Parker D Howell III
Chair
$0
Brad Thie
Vice Chair
$0
Brenda C Eckard
Secretary
$0
Jeffrey S Gilliam
Finance Committee Chair
$0
Kathy H Wood
Member-At-Large
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Riddick Building Corporation
Construction
$921,578
Sfcs Inc
Architects
$734,250
Select Rehabilitation Inc
Therapies
$603,288
Wc Carpenter Llc
Construction
$224,236
Senior Options Llc
Consulting And Administrative Services
$172,274
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$173,206
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$175,206
Total Program Service Revenue$12,039,746
Investment income $8,549
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,912
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,762,352

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lake Prince Center Inc has recieved totaling $173,206.

Awarding OrganizationAmount
Everyage Foundation

Newton, NC

PURPOSE: PROGRAM SERVICES

$173,206
View Grant Recipient Profile

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