Resource Healthcare Of America Inc
- Assets
- $86.6k
- Revenue
- $20.0k
- Investments
- $12.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 02/1993
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Resource Healthcare Of America Inc generated $20.0k 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 (57.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
2022
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 |
|---|---|---|---|
Bruce Street Director | Trustee | 0.1 | $15,800 |
Alison Drummond Director | Trustee | 1.1 | $51,760 |
Bryant G Coats Ceo/director | OfficerTrustee | 1 | $25,498 |
Charles Northcutt III Director | OfficerTrustee | 0.1 | $37,748 |
James D Loftin Jr Director | Trustee | 0.6 | $38,086 |
John Hamilton Director | Trustee | 0.1 | $37,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,704 |
| 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 | $19,704 |
| Total Program Service Revenue | $0 |
| Investment income | $299 |
| 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 | $20,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,779,844 |
| 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 | $0 |
| Fees for services: Other | $43,960 |
| Advertising and promotion | $0 |
| Office expenses | $1,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $130,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,013 |
| Insurance | $120,637 |
| All other expenses | $120,000 |
| Total functional expenses | $2,267,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,192 |
| 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 | $8,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,624 |
| Accounts payable and accrued expenses | $9,930 |
| 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 | $9,930 |
| Net assets without donor restrictions | $76,694 |
| 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 | $86,624 |
Grants Awarded
Over the last fiscal year, Resource Healthcare Of America Inc has awarded $1,779,844 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RESOURCE HOUSING GROUP INC PURPOSE: DEBT FORGIVENESS | $1,021,844 |
RESOURCE HOUSING GROUP INC PURPOSE: CONTRIBUTION | $750,000 |
UNIVERSITY OF ALABAMA PURPOSE: CONTRIBUTION | $8,000 |