Golden Age Home
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Lockhart, TX
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 74-1369594
Organization Overview
Golden Age Home is located in Lockhart, TX. The organization was established in 1994. 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 12/2022, Golden Age Home employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Age Home 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, Golden Age Home generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GOLDEN AGE HOME, LOCKHART, TX, SINCE IT WAS ESTABLISHED IN 1957 HAS BEEN THAT OF PROVIDING RETIREMENT CARE IN A FRIENDLY, CHRISTIAN ENVIRONMENT, CARING FOR THOSE WHO CAN NO
Describe the Organization's Program Activity:
PROVIDING PERSONAL CARE FACILITIES AND SERVICE TO THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Bullioun President | Trustee | 5 | $0 |
Ray Pfefferkorn 1st Vice President | Trustee | 1 | $0 |
Nicole Burnett Executive Director | Officer | 40 | $0 |
Dave Crittendon Treasurer | Trustee | 5 | $0 |
Mary Ellen Becklin Board Member | Trustee | 1 | $0 |
Lucy Knight Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,792 |
| Total Program Service Revenue | $942,320 |
| Investment income | $22,788 |
| 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 | $1,141,374 |
| 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 | $66,056 |
| Other salaries and wages | $587,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,733 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,580 |
| Office expenses | $15,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,932 |
| Travel | $2,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $778 |
| Interest | $1,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,704 |
| Insurance | $37,775 |
| All other expenses | $0 |
| Total functional expenses | $1,135,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $546,747 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $139,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,604 |
| Total assets | $1,228,323 |
| Accounts payable and accrued expenses | $67,843 |
| 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 | $23,064 |
| Total liabilities | $90,907 |
| Net assets without donor restrictions | $1,137,416 |
| 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 | $1,228,323 |