Wood-Presbyterian Home Inc
- Assets
- $8.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 119
- Location
- Sweetwater, TN
- Founding
- 02/1973
- Data as of
- 03/2022
- EIN
- 62-0630855
Organization Overview
Wood-Presbyterian Home Inc is located in Sweetwater, TN. The organization was established in 1973. 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 03/2022, Wood-Presbyterian Home Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood-Presbyterian Home 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 03/2022, Wood-Presbyterian Home Inc generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $6.8m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
NURSING HOME FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PATIENT CARE FOR 16,885 PATIENT DAYS TO PATIENTS WHO REQUIRE NURSING HOME BEDS. SERVICES INCLUDE NURSING CARE, MEDICATION, DIETARY, SOCIAL AND ACTIVITY SERVICES, LAUNDRY, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Stephens Administrator | Officer | 40 | $131,476 |
Mrs Wilma Wood President | OfficerTrustee | 1 | $0 |
Missy Boruff Vice President | OfficerTrustee | 1 | $0 |
Dr Richard Buchanan Board Member | OfficerTrustee | 1 | $0 |
Angela Bush Board Member | Trustee | 1 | $0 |
Jim Morris Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Therapy Services | 3/30/22 | $655,669 |
Reinhart Food Services Food & Supplements | 3/30/22 | $225,674 |
Omnicare Of Tennessee Pharmacy | 3/30/22 | $117,478 |
Mckesson Specialty Health Medical Services | 3/30/22 | $125,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $757,900 |
| 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 | $757,900 |
| Total Program Service Revenue | $5,856,636 |
| Investment income | $2,111 |
| 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 | $6,645,984 |
| 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. | $129,233 |
| Compensation of current officers, directors, key employees. | $129,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,793,564 |
| Pension plan accruals and contributions | $14,910 |
| Other employee benefits | $201,265 |
| Payroll taxes | $220,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $833,568 |
| Advertising and promotion | $5,333 |
| Office expenses | $101,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,231 |
| Travel | $29,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,608 |
| Interest | $345,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,388 |
| Insurance | $344,349 |
| All other expenses | $170,676 |
| Total functional expenses | $6,847,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,429 |
| Savings and temporary cash investments | $1,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $815,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,791 |
| Inventories for sale or use | $25,089 |
| Prepaid expenses and deferred charges | $151,186 |
| Net Land, buildings, and equipment | $3,205,105 |
| Investments—publicly traded securities | $1,600,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,016,229 |
| Total assets | $8,054,240 |
| Accounts payable and accrued expenses | $361,626 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,608 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,207,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,595,927 |
| Net assets without donor restrictions | $458,313 |
| 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 | $8,054,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Mennonite Home Inc Harrisonburg, VA | $28,962,463 | $20,540,544 |
Virginia Home Richmond, VA | $132,722,142 | $34,605,321 |
Seniortrust Of Florida Inc Nashville, TN | $0 | $3,809 |
Presbyterian Home Quitman Inc Quitman, GA | $7,771,902 | $17,669,514 |
Riverview Health And Rehabiliation Center Inc Savannah, GA | $21,070,283 | $18,616,274 |
A G Rhodes Home Inc At Wesley Woods Atlanta, GA | $10,164,617 | $18,274,811 |
Plantation Village Inc Wilmington, NC | $93,170,557 | $17,665,347 |
Health Care Authority Of The City Of Enterprise Inc Enterprise, AL | $47,734,510 | $17,693,129 |
United Methodist Senior Services Health Care Inc Tupelo, MS | $8,205,297 | $15,838,611 |
Alamance Extended Care Inc Greensboro, NC | $64,386,325 | $13,908,822 |
Sayre Christian Village Nursing Home Inc Lexington, KY | $15,077,059 | $13,743,731 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |