Okeechobee Council On Aging Inc
- Assets
- $4.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 122
- Location
- Pahokee, FL
- Founding
- 06/1981
- Data as of
- 06/2022
- EIN
- 59-1544835
Organization Overview
Okeechobee Council On Aging Inc, operating under the name Glades Health Care Center & Big Lak, is located in Pahokee, FL. The organization was established in 1981. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Glades Health Care Center & Big Lak employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glades Health Care Center & Big Lak 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, Glades Health Care Center & Big Lak generated $7.6m 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 (3.5%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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
TO ASSIST, ENCOURAGE, AND PROMOTE THE WELL BEING OF AGING INDIVIDUALS.
Describe the Organization's Program Activity:
OKEECHOBEE COUNCIL ON AGING, INC D/B/A GLADES HEALTH CARE CENTER AND BIG LAKE HOUSING IS A PROVIDER OF SKILLED NURSING SERVICES, LONG-TERM CARE AND RENTAL HOUSING TO ELIGIBLE ELDERLY CITIZENS AND DISABLED ADULTS. GLADES HEALTH CARE CENTER IS A 120 BED NURSING HOME AND BIG LAKE HOUSING IS A 40 UNIT APARTMENT COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnnie Blevins Director | Trustee | 4 | $0 |
Allie Biggs Director | Trustee | 4 | $0 |
Regina Bohlen Director | Trustee | 4 | $0 |
Hikeem Banks Director | Trustee | 4 | $0 |
Edward Hurt Executive Di | Officer | 4 | $0 |
Latoya Billups Director Of | 40 | $142,844 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ltc Pharma Hldg Pharmacy | 6/29/20 | $188,720 |
Quality Care Rehab Inc Therapy | 6/29/20 | $640,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,041,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,882 |
| Total Program Service Revenue | $6,547,152 |
| Investment income | $6,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,826 |
| 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 | $7,640,643 |
| 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 | $3,726,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $325,849 |
| Payroll taxes | $286,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,809 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $675,556 |
| Advertising and promotion | $6,540 |
| Office expenses | $77,582 |
| Information technology | $48,758 |
| Royalties | $0 |
| Occupancy | $182,954 |
| Travel | $22,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,687 |
| Interest | $57,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,402 |
| Insurance | $195,567 |
| All other expenses | $59,903 |
| Total functional expenses | $7,699,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,362 |
| Savings and temporary cash investments | $852,273 |
| Pledges and grants receivable | $39,269 |
| Accounts receivable, net | $959,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,112 |
| Prepaid expenses and deferred charges | $178,350 |
| Net Land, buildings, and equipment | $1,481,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $71,590 |
| Other assets | $303,908 |
| Total assets | $4,541,688 |
| Accounts payable and accrued expenses | $759,054 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $470,000 |
| 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 | $127,545 |
| Other liabilities | $60,859 |
| Total liabilities | $1,417,458 |
| Net assets without donor restrictions | $3,124,230 |
| 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 | $4,541,688 |