Resource Healthcare Of America Inc
- Assets
- $3.3m
- Revenue
- $369.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1987
- Data as of
- 06/2021
- EIN
- 58-2016603
Organization Overview
Resource Healthcare Of America Inc is located in Atlanta, GA. The organization was established in 1987. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within 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 $369.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (67.4%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. 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
PROVISION OF RESIDENTIAL AND HEALTH CARE SERVICES TO DEVELOPMENTALLYDISABLED, ELDERLY AND INFIRM PERSONS, INCLUDING THE MENTALLY ILL ANDDEVOLPMENT AND OPERATION OF LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryant G Coats Ceo/director | OfficerTrustee | 0.1 | $0 |
Charles Northcutt III Director | OfficerTrustee | 1 | $0 |
John West President/cfo/director | OfficerTrustee | 0.1 | $0 |
Chase Northcutt Vice President | OfficerTrustee | 1 | $0 |
Heather-Dawn Ashley Vice President | Officer | 0.1 | $0 |
Samit Patel Vice President | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $52,435 |
| Investment income | $77,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $240,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400,000 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $38,467 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,497,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37 |
| 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 | $257 |
| Net Land, buildings, and equipment | $575,534 |
| Investments—publicly traded securities | $2,680,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,325,403 |
| Accounts payable and accrued expenses | $16,662 |
| 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 | $900,050 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $916,712 |
| Net assets without donor restrictions | $2,408,691 |
| 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 | $3,325,403 |
Grants Awarded
Over the last fiscal year, Resource Healthcare Of America Inc has awarded $158,717 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: DEPOSIT TO SUPPORTING ORG. FOR INVESTMENT | $101,260 |
Atlanta, GA PURPOSE: DEPOSIT TO SUPPORTING ORG. FOR INVESTMENT | $57,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resource Healthcare Of America Inc has recieved totaling $445,000.
| Awarding Organization | Amount |
|---|---|
Rhg Housing Foundation Inc Atlanta, GA PURPOSE: CONTRIBUTION | $445,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Sarasota Manatee Jewish Housing Council Inc Sarasota, FL | $25,733,958 | $18,693,648 |
Carpenters Home Estates Inc Lakeland, FL | $64,229,461 | $19,045,367 |
Menorah Manor Inc St Petersburg, FL | $10,980,323 | $18,960,308 |
Samaritan Housing Foundation Inc Cary, NC | $309,375,809 | $14,744,618 |
Penick Village Inc Southern Pines, NC | $72,235,809 | $19,517,376 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Central Georgia Senior Health Inc Macon, GA | $135,213,897 | $22,356,882 |
Blakeford At Green Hills Corporation Nashville, TN | $102,878,006 | $17,185,961 |
Penney Retirement Community Inc Penney Farms, FL | $61,971,655 | $17,793,426 |
Masonic And Eastern Star Home Greensboro, NC | $138,321,577 | $15,654,772 |
Lutheran Home-Hickory Inc Salisbury, NC | $8,958,824 | $16,014,095 |