Elderhaus Incorporated
- Assets
- $1.9m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 138
- Location
- Wilmington, NC
- Founding
- 11/1981
- Data as of
- 09/2022
- EIN
- 58-1449301
Organization Overview
Elderhaus Incorporated is located in Wilmington, NC. The organization was established in 1981. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 09/2022, Elderhaus Incorporated employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderhaus Incorporated 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, Elderhaus Incorporated generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.8m during the year ending 09/2022. While expenses have increased by 3.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT PROVIDER OF PACE SERVICES LOCATED IN WILMINGTON, NC.
Describe the Organization's Program Activity:
PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) IS A COMMUNITY-BASED LONG-TERM CARE MODEL DESIGNED TO PROVIDE MEDICAL AND PSYCHOSOCIAL SERVICES TO FRAIL ELDERLY INDIVIDUALS OVER 55 YEARS OF AGE WHO ARE ELIGIBLE FOR A NURSING HOME LEVEL OF CARE.
THE ALPER CENTER PROGRAM IS AN ADULT DAY CARE SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinna Lee Ter-Antonyan Nurse Practitioner | 40 | $112,768 | |
Ricky Richards Executive Director | Officer | 40 | $110,342 |
Parker D Howell III Board Chair | OfficerTrustee | 1 | $0 |
Brad Thie Vice Chair | OfficerTrustee | 1 | $0 |
Brenda C Eckard Secretary | OfficerTrustee | 1 | $0 |
Jeffrey S Gilliam Finance Committee Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Azalea Health And Rehabilitation Medical & Health Care Services | 9/29/22 | $310,770 |
Autumn Care Of Myrtle Grove Medical & Health Care Services | 9/29/22 | $273,261 |
Brunswick Cove Living Center Medical & Health Care Services | 9/29/22 | $229,291 |
Canterbury Center Llc Rent | 9/29/22 | $372,504 |
Coastal Companion Care Medical & Health Care Services | 9/29/22 | $192,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,767 |
| Total Program Service Revenue | $10,716,085 |
| Investment income | $1,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,110 |
| Net Gain/Loss on Asset Sales | -$1,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,835,875 |
| 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. | $115,137 |
| Compensation of current officers, directors, key employees. | $115,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,492,427 |
| Pension plan accruals and contributions | $21,659 |
| Other employee benefits | $999,937 |
| Payroll taxes | $290,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,767 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $698 |
| Fees for services: Other | $4,254,752 |
| Advertising and promotion | $16,055 |
| Office expenses | $155,686 |
| Information technology | $122,651 |
| Royalties | $0 |
| Occupancy | $223,960 |
| Travel | $26,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,740 |
| Insurance | $66,331 |
| All other expenses | $175,600 |
| Total functional expenses | $11,837,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,122 |
| Prepaid expenses and deferred charges | $47,375 |
| Net Land, buildings, and equipment | $512,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,367 |
| Total assets | $1,860,675 |
| Accounts payable and accrued expenses | $2,210,626 |
| Grants payable | $0 |
| Deferred revenue | $388,987 |
| 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 | $636,594 |
| Total liabilities | $3,236,207 |
| Net assets without donor restrictions | -$1,436,899 |
| Net assets with donor restrictions | $61,367 |
| 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 | $1,860,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elderhaus Incorporated has recieved totaling $1,334.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,334 |
Endowment Analysis
| Beg. Balance | $72,850 |
| Earnings | -$11,483 |
| Ending Balance | $61,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Mountain Project Access Johnson City, TN | $1,105,071 | $31,691,594 |
Pace Of Guilford & Rockingham Counties Inc Greensboro, NC | $13,322,257 | $21,146,337 |
Mckinney Medical Center Inc Waycross, GA | $3,252,302 | $15,518,624 |
Community Care Center For Forsyth County Winston Salem, NC | $2,083,831 | $14,036,304 |
Partnership Health Center Inc Valdosta, GA | $1,458,604 | $11,973,905 |
Elderhaus Incorporated Wilmington, NC | $1,860,675 | $10,835,875 |
Palmetto Health Council Inc Palmetto, GA | $16,262,807 | $12,244,139 |
Chota Community Health Services Madisonville, TN | $17,550,852 | $15,242,557 |
The Camellia Foundation Inc Memphis, TN | $1,181,110 | $5,773,841 |
Council Of Interstate Testing Agencies Inc Sanford, NC | $995,933 | $3,546,764 |
Martinsville Henry Coalition For Health And Wellness Inc Martinsville, VA | $4,474,599 | $6,623,246 |
American Telemedicine Association Arlington, VA | $1,706,836 | $5,604,534 |