Resource Healthcare Of America Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $1.0m
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 02/1993
- Data as of
- 06/2021
- EIN
- 58-1848245
Organization Overview
Resource Healthcare Of America Inc is located in Atlanta, GA. The organization was established in 1993. 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 06/2021, Resource Healthcare Of America Inc employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Resource Healthcare Of America 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 06/2021, Resource Healthcare Of America Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $763.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 6 years. 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
TO PROVIDE OVERSIGHT MANAGEMENT FOR AFFILIATED HEALTH CARE AND HOUSING ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MGMT OVERSIGHT AND SUPPORT SERVICES FOR ONE AFFILIATED OWNER/OPERATOR OF A FACILITY FOR PERSONS SUFFERING FROM DISABILITIES AND TWO NONPROFIT AFFORDABLE HOUSING COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Carssow Director | Trustee | 1.2 | $119,622 |
William P Walker Chairman/director | Trustee | 0.2 | $52,427 |
William H Oakes Director | Trustee | 0.2 | $49,114 |
Charles Northcutt III Director | OfficerTrustee | 0.2 | $37,947 |
John Hamilton Director | Trustee | 0.2 | $36,712 |
James D Loftin Jr Director | Trustee | 0.7 | $33,958 |
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 | $536,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,787 |
| Total Program Service Revenue | $0 |
| Investment income | $15,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $541,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,200 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $225 |
| Fees for services: Other | $46,498 |
| Advertising and promotion | $0 |
| Office expenses | $40,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,254 |
| Insurance | $166,270 |
| All other expenses | $0 |
| Total functional expenses | $763,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,703 |
| 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 | $78,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,025,355 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,097,753 |
| Total assets | $2,348,244 |
| Accounts payable and accrued expenses | $24,456 |
| 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 | $0 |
| Total liabilities | $24,456 |
| Net assets without donor restrictions | $2,323,788 |
| 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 | $2,348,244 |
Grants Awarded
Over the last fiscal year, Resource Healthcare Of America Inc has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: UNRESTRCITED CONTRIBUTIONS | $20,000 |
Atlanta, GA PURPOSE: UNRESTRCITED CONTRIBUTIONS | $10,000 |
Atlanta, GA PURPOSE: UNRESTRICTED CONTRIBUTIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resource Healthcare Of America Inc has recieved totaling $101,260.
| Awarding Organization | Amount |
|---|---|
Resource Healthcare Of America Inc Atlanta, GA PURPOSE: DEPOSIT TO SUPPORTING ORG. FOR INVESTMENT | $101,260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Ocoee Foundation Inc Cleveland, TN | $61,804,087 | $65,905,921 |
Brooks Skilled Nursing Facility A Inc Jacksonville, FL | $11,457,312 | $36,351,742 |
South Carolina Episcopal Home At Still Hopes W Columbia, SC | $193,037,848 | $38,767,072 |
The Joseph L Morse Health Center Inc West Palm Beach, FL | $69,407,457 | $32,587,504 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Plymouth Harbor Inc Sarasota, FL | $141,711,942 | $41,154,528 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Florida Living Options Inc Brandon, FL | $12,885,832 | $28,738,947 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |
Lexmed Inc Lexington, SC | $19,463,727 | $22,725,899 |