Salem Villages Incorporated
- Assets
- $1.9m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 58-2249638
Organization Overview
Salem Villages Incorporated is located in Winstonsalem, NC. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Salem Villages Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE ORGANIZATION WITH MULTIPLE TAX EXEMPT SUBORDINATES THAT INDIVIDUALLY PROVIDE OWNERSHIP OR OPERATION OR MANAGEMENT SERVCIES FOR SKILLED LONGTERM CARE FACILITIES FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATIONS AND THE FACILITY FOR THAT ENTITY WERE SOLD IN 2018 AND THAT SUBORDINATE IS IN ACTIVE DISSOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Haizlip President | OfficerTrustee | 1 | $0 |
Linda Koons Vice President | OfficerTrustee | 1 | $0 |
Madeline D'heilly Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jupiter Management Llc Management Support Services | 12/30/18 | $303,478 |
Favorite Healthcare Staffing Professional Staffing | 12/30/18 | $111,432 |
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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 | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$1,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $2,536 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,340,930 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $556,961 |
| Total assets | $1,902,366 |
| Accounts payable and accrued expenses | $890,489 |
| 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 | $1,756 |
| Total liabilities | $892,245 |
| Net assets without donor restrictions | $0 |
| 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 | $1,010,121 |
| Total liabilities and net assets/fund balances | $1,902,366 |
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Gordon Jensen Health Care Association Inc Atlanta, GA | $8,645,336 | $5,413,001 |
Staywell Senior Care Asheboro, NC | $0 | $7,095,581 |
Hoosier Care Ii Inc Nashville, TN | $2,936,661 | $6,808,328 |
Martha Jefferson House Charlottesville, VA | $12,864,476 | $6,390,092 |
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