Solomons Home For The Aged
- Assets
- $298.4k
- Revenue
- $345.3k
- Investments
- $0.0
- Employees
- 20
- Location
- Sumter, SC
- Founding
- 03/1964
- Data as of
- 12/2021
- EIN
- 57-0425941
Organization Overview
Solomons Home For The Aged is located in Sumter, SC. The organization was established in 1964. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Solomons Home For The Aged employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomons Home For The Aged 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, Solomons Home For The Aged generated $345.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $277.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A HOME FOR THE AGED - SERVING RESIDENTS OF THE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HOME FOR THE AGED - SERVING RESIDENTS OF THE HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverley Gulledge Secretary | OfficerTrustee | 0.5 | $0 |
Steve Corley Chairman | OfficerTrustee | 0.5 | $0 |
Craig Justice Treasurer | Officer | 0.5 | $0 |
Mary G Roddey Director | Trustee | 0.5 | $0 |
Steve Creech Director | Trustee | 0.5 | $0 |
Gayle Booth Director | Trustee | 0.5 | $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 | $35,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,309 |
| Total Program Service Revenue | $309,881 |
| Investment income | $20 |
| 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 | $345,319 |
| 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 | $142,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,416 |
| Advertising and promotion | $0 |
| Office expenses | $150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,645 |
| 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 | $9,709 |
| Insurance | $20,398 |
| All other expenses | $3,746 |
| Total functional expenses | $277,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,550 |
| 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 | $70,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $298,352 |
| Accounts payable and accrued expenses | $7,404 |
| 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 | $71,792 |
| Total liabilities | $79,196 |
| Net assets without donor restrictions | $219,156 |
| 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 | $298,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
South Carolina Episcopal Home At Still Hopes W Columbia, SC | $193,037,848 | $38,767,072 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |
Lexmed Inc Lexington, SC | $19,463,727 | $22,725,899 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
Magnolia Manor Of Columbus Inc Americus, GA | $41,495,688 | $25,627,763 |
All Saints St Lukes Episcopal Home For The Retired Inc Atlanta, GA | $122,353,987 | $22,945,878 |
Saluda County Nursing Home Board Saluda Nursing Center Saluda, SC | $10,713,422 | $16,857,969 |
Presbyterian Home Quitman Inc Quitman, GA | $7,771,902 | $17,669,514 |
Riverview Health And Rehabiliation Center Inc Savannah, GA | $21,070,283 | $18,616,274 |
A G Rhodes Home Inc At Wesley Woods Atlanta, GA | $10,164,617 | $18,274,811 |