Noland Health Services Inc
- Assets
- $492.0m
- Revenue
- $156.9m
- Investments
- $101.5m
- Employees
- 2,694
- Location
- Birmingham, AL
- Founding
- 04/2006
- Data as of
- 06/2020
- EIN
- 63-0308739
Organization Overview
Noland Health Services Inc is located in Birmingham, AL. The organization was established in 2006. 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. As of 06/2021, Noland Health Services Inc employed 2,694 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noland Health Services 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 06/2020, Noland Health Services Inc generated $156.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $144.9m during the year ending 06/2020. While expenses have increased by 2.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NOLAND HEALTH SERVICES, INC. (NHS) IS DEDICATED TO IDENTIFYING AND MEETING THE HEALTHCARE NEEDS OF THE COMMUNITIES IT SERVES, WITH EMPHASIS IT HAS MAINTAINED FOR MANY YEARS ON SPECIAL SERVICES AND PROGRAMS TO MEET THE NEEDS OF THE EDERLY AND OTHER UNIQUE PATIENT POPULATIONS. IN KEEPING WITH ITS MISSION AND STRATEGIC PLAN, NHS HAS ESTABLISHED ITSELF AS A PREMIER PROVIDER OF LONG-TERM ACUTE CARE HOSPITAL (LTACH) SERVICES AND RETIREMENT COMMUNITY SERVICES IN THE STATE OF ALABAMA. IN PURSUIT OF THIS FOCUS, NHS OPERATES FIVE LTACHS THROUGHOUT ALABAMA TOTALING 218 BEDS, WHICH ADMITTED 1,202 PATIENTS AND PROVIDED 31,973 DAYS OF PATIENT CARE. NHS OPERATES TEN RETIREMENT COMMUNITIES IN ALABAMA, WHICH INCLUDES 1,102 SKILLED NURSING (SNF) BEDS, 246 ASSISTED LIVING (ALF) UNITS, 130 SPECIALTY CARE ASSISTED LIVING (SCALF) UNITS AND 174 INDEPENDENT LLIVING (IL) APARTMENTS. THROUGH THESE COMMUNITIES, NHS PROVIDED 269,918, 58,692, 24,309 AND 45,428, RESIDENT DAYS OF SNF, ALF, SCALF, AND IL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NHS OPERATES FIVE LONG-TERM ACTUE CARE HOSPITALS THROUGHOUT ALABAMA TOTALING 218 BEDS WHICH ADMITTED 1,202 PATIENTS AND PROVIDED 31,973 DAYS OF PATIENT CARE.
NHS ALSO OPERATES TEN RETIREMENT COMMUNITIES IN ALABAMA, WHICH INCLUDES 1,102 SKILLED NURSING (SNF) BEDS, 246 ASSISTED LIVING (ALF) UNITS, 130 SPECIALTY CARE ASSISTED LIVING (SCALF) UNITS AND 174 INDEPENDENT LIVING (IL) APARTMENTS. THROUGH THESE COMMUNITIES, NHS PROVIDED 269,918, 58,692, 24,309 AND 46,428, RESIDENT DAYS OF SNF, ALF, SCALF, AND IL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Knight President & CEO | OfficerTrustee | 40 | $552,782 |
Gary M Glasscock President & CEO (retired) | 40 | $506,511 | |
John Heffner VP Hospital Division | Officer | 40 | $375,191 |
Nicholas V Renda Evp & CFO | Officer | 40 | $346,957 |
Kelley Johnson VP Senior Living Division | Officer | 40 | $233,771 |
Laura Willis Hospital Administrator | Officer | 40 | $222,725 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dch Regional Medical Center Ancillary Services | 6/29/21 | $1,501,308 |
Champion Partners In Rehab Xvii Llc Contract Therapy | 6/29/21 | $4,226,100 |
Felder Services Llc Environmental Services | 6/29/21 | $3,373,226 |
Jackson Hospital Ancillary Services | 6/29/21 | $1,972,555 |
Regional Medical Center Ancillary Services | 6/29/21 | $1,823,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5,836,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $810,888 |
| Net Gain/Loss on Asset Sales | $6,914,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,922,166 |
| Statement of Expenses | |
|---|---|
| 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. | $2,359,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,933,485 |
| Pension plan accruals and contributions | $3,095,723 |
| Other employee benefits | $7,887,325 |
| Payroll taxes | $4,479,099 |
| Fees for services: Management | $105,460 |
| Fees for services: Legal | $227,760 |
| Fees for services: Accounting | $53,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,828,095 |
| Advertising and promotion | $71,160 |
| Office expenses | $7,525,259 |
| Information technology | $1,155,564 |
| Royalties | $0 |
| Occupancy | $3,714,026 |
| Travel | $313,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,967 |
| Interest | $5,202,324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,546,843 |
| Insurance | $2,372,594 |
| All other expenses | $0 |
| Total functional expenses | $144,875,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,977,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,680,755 |
| 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 | $1,118,308 |
| Investments—publicly traded securities | $222,138,625 |
| Investments—other securities | $101,489,000 |
| Investments—program-related | $0 |
| Intangible assets | $6,064,619 |
| Other assets | $20,934,878 |
| Total assets | $492,018,562 |
| Accounts payable and accrued expenses | $10,901,317 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $122,951,193 |
| 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 | $29,882,426 |
| Total liabilities | $163,734,936 |
| 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 |
| Total liabilities and net assets/fund balances | $328,283,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Inc Orlando, FL | $554,022,410 | $139,083,000 |
Noland Health Services Inc Birmingham, AL | $492,018,562 | $156,922,166 |
Christian & Missionary Alliance Foundation Inc Fort Myers, FL | $765,754,381 | $132,801,678 |
Miami Jewish Health Systems Inc Miami, FL | $91,015,655 | $95,541,241 |
The Moorings Incorporated Naples, FL | $850,838,065 | $103,391,616 |
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |