Ashland Nursing Home Corporation
- Assets
- $11.1m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 294
- Location
- Ashland, KY
- Founding
- 10/2014
- Data as of
- 09/2021
- EIN
- 61-1386016
Organization Overview
Ashland Nursing Home Corporation, operating under the name Kingsbrook Lifecare Center, is located in Ashland, KY. The organization was established in 2014. 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 09/2021, Kingsbrook Lifecare Center employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsbrook Lifecare Center 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 09/2021, Kingsbrook Lifecare Center generated $13.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $14.5m during the year ending 09/2021. 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
TO PROVIDE QUALITY CARE TO PATIENTS NEEDING SHORT-TERM REHAB AND/OR LONG-TERM HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINGSBROOK PROVIDES QUALITY CARE TO PATIENTS, MEETING THE NEEDS AND DESIRES OF RESIDENTS AT VARIOUS LEVELS OF CARE, INCLUDING SHORT-TERM AND LONG-TERM CARE. KINGSBROOK IS A 137-BED NURSING FACILITY WHICH PROVIDES SKILLED NURSING SERVICES AND REHABILITATION THERAPY TO RESIDENTS DESIRING TO RETURN HOME FROM AN ACUTE CARE HOSPITAL STAY. KINGSBROOK ALSO PROVIDES NURSING SERVICES AND CARE FOR RESIDENTS ON A LONG-TERM BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Strader MD Medical Director | Officer | 9 | $57,500 |
Kristie Whitlatch Non-Voting President | OfficerTrustee | 1.25 | $0 |
Sheryl Mahaney Non-Voting Secretary | OfficerTrustee | 1.25 | $0 |
Autumn Mcfann Non-Voting Treasurer | OfficerTrustee | 1.25 | $0 |
Mark Newman Board Vice Chair | OfficerTrustee | 0.25 | $0 |
David Jones Board Chairman | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kentucky Medical Logistics Transportation Services | 9/29/19 | $291,036 |
Ashland Hospital Corporation Lab & Radiology Services | 9/29/19 | $120,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,184 |
| Total Program Service Revenue | $12,951,594 |
| Investment income | $988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,223,482 |
| 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 | $6,573,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $762,141 |
| Payroll taxes | $644,969 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $247,982 |
| Fees for services: Accounting | $1,133 |
| Fees for services: Lobbying | $2,426 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $837,382 |
| Advertising and promotion | $19,362 |
| Office expenses | $59,283 |
| Information technology | $62,754 |
| Royalties | $0 |
| Occupancy | $413,460 |
| Travel | $2,581 |
| 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 | $450,724 |
| Insurance | $460,231 |
| All other expenses | $184,971 |
| Total functional expenses | $14,474,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $445,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,524,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $178,674 |
| Prepaid expenses and deferred charges | $8,496 |
| Net Land, buildings, and equipment | $6,082,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,821,598 |
| Total assets | $11,060,825 |
| Accounts payable and accrued expenses | $588,660 |
| 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 | $109,443 |
| Total liabilities | $698,103 |
| Net assets without donor restrictions | $10,362,722 |
| 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 | $11,060,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Willow Health Care Inc Willow Springs, MO | $35,651,940 | $30,612,109 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Roman Eagle Rehabilitation And Health Care Center Inc Danville, VA | $55,144,453 | $28,458,225 |