Pace North
- Assets
- $5.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 58
- Location
- Traverse City, MI
- Founding
- 04/2017
- Data as of
- 12/2020
- EIN
- 81-4749395
Organization Overview
Pace North is located in Traverse City, MI. The organization was established in 2017. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2020, Pace North employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace North 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 12/2020, Pace North generated $3.9m in total revenue. All expenses for the organization totaled $5.2m during the year ending 12/2020. While expenses have increased by 63.1% per year over the past 2 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
A PROVIDER OF THE PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) WHICH IS A COMMUNITY-BASED, LONG-TERM CARE DELIVERY PROGRAM THAT PROVIDES COMPREHENSIVE, COORDINATED, MANAGED CARE TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY. WE SUCCESSFULLY CARED FOR OR COORDINATED CARE FOR OVER 65 PARTICIPANTS DURING THE COVID-19 PANDEMIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Jackson Medical Director (former) | 40 | $165,678 | |
John Jacobs Finance Director | Officer | 40 | $60,280 |
Kory Hansen Secretary | OfficerTrustee | 5 | $0 |
Gregory Kish President | OfficerTrustee | 5 | $0 |
Robert Schlueter Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth Aderholdt Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,538 |
| Total Program Service Revenue | $3,604,101 |
| Investment income | $1,413 |
| 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 | $3,931,052 |
| 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. | $166,801 |
| Compensation of current officers, directors, key employees. | $45,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,518,840 |
| Pension plan accruals and contributions | $10,333 |
| Other employee benefits | $209,386 |
| Payroll taxes | $120,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,301,613 |
| Advertising and promotion | $11,307 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,435 |
| Travel | $37,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,138 |
| Interest | $145,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,052 |
| Insurance | $59,653 |
| All other expenses | $4,749 |
| Total functional expenses | $5,191,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,760,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,247 |
| 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 | $36,376 |
| Net Land, buildings, and equipment | $3,363,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,281,171 |
| Accounts payable and accrued expenses | $884,856 |
| 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 | $1,615,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,110,000 |
| Total liabilities | $5,609,856 |
| Net assets without donor restrictions | -$328,685 |
| 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 | $5,281,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pace North has recieved totaling $32,510.
| Awarding Organization | Amount |
|---|---|
Grand Traverse Pavilions Foundation Inc Traverse City, MI PURPOSE: See Part IV | $32,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Health Services Cleveland, OH | $15,673,887 | $20,519,755 |
Bellefonte Physician Services Inc Cincinnati, OH | $0 | $9,013,523 |
Lower Lights Christian Health Center Inc Columbus, OH | $12,538,833 | $18,716,137 |
Sch Professional Corporation Salem, OH | $1,689,607 | $8,909,689 |
Western Wayne Family Health Centers Inkster, MI | $16,037,298 | $17,730,874 |
Lakeland Immediate Care Center Cassopolis, MI | $27,798,669 | $17,988,669 |
M G H Family Health Center Muskegon Heights, MI | $12,784,619 | $16,954,638 |
Echo Community Health Care Inc Evansville, IN | $11,505,915 | $15,721,363 |
Oakland Intergrated Healthcare Network Pontiac, MI | $13,829,053 | $17,921,685 |
Community Health Centers Of Greater Dayton Dayton, OH | $4,848,889 | $14,181,884 |
Heart City Health Center Inc Elkhart, IN | $13,371,391 | $13,920,124 |
Heart Of Ohio Family Health Centers Columbus, OH | $12,925,185 | $14,304,530 |