Seashore Campgrounds Retirement Home Inc
- Assets
- $13.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 64-0429943
Organization Overview
Seashore Campgrounds Retirement Home Inc is located in Tupelo, MS. The organization was established in 1985. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seashore Campgrounds Retirement 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 12/2022, Seashore Campgrounds Retirement Home Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COVE AT SEASHORE HIGHLANDS OFFERS ASSISTED LIVING IN 50 SUITES IN A BEAUTIFUL BUILDING. THE STAFF SERVES RESIDENT NEEDS WITH INDIVIDUALIZED CARE.
THE VILLAS AT SEASHORE HIGHLANDS ARE DESIGNED FOR INDEPENDENT, ACTIVE OLDER ADULTS WHERE A VARIETY OF SERVICES ARE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Lipsomb Board Member | 0.25 | $0 | |
James Pat Smith Vice-Chairman | 0.25 | $0 | |
Dave Vincent Board Member | 0.25 | $0 | |
Margaret Mckenzie Board Member | 0.25 | $0 | |
Heather Sprague Board Member | 0.25 | $0 | |
Diane B Havard Chair | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,244 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,533,861 |
| Total Revenue | $2,550,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,257,975 |
| Pension plans, employee benefits | $343,655 |
| Interest | $269 |
| Taxes | $0 |
| Depreciation | $721,806 |
| Occupancy | $491,725 |
| Travel, conferences, and meetings | $7,371 |
| Printing and publications | $0 |
| Other expenses | $626,400 |
| Total operating and administrative expenses | $4,402,189 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,402,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,202 |
| Savings and temporary cash investments | $9,450 |
| Net Accounts receivable | $14,121 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $14,787 |
| Prepaid expenses and deferred charges | $12,520 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,381,327 |
| Other assets | $81,255 |
| Total assets | $13,514,662 |
| Accounts payable and accrued expenses | $88,263 |
| Grants payable | $0 |
| Deferred revenue | $1,911,802 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,602,461 |
| Other liabilities | $8,023,655 |
| Total liabilities | $17,626,181 |