Somerset Senior Living At Premier
- Assets
- $4.2m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 248
- Location
- Hot Springs, AR
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 82-3434094
Organization Overview
Somerset Senior Living At Premier, operating under the name Premeier Rehabilitation And Health Center, is located in Hot Springs, AR. The organization was established in 2019. 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 12/2021, Premeier Rehabilitation And Health Center employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Premeier Rehabilitation And Health Center 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 12/2021, Premeier Rehabilitation And Health Center generated $11.5m in total revenue. All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 152.0% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE COMPASSIONATE HEALTH CARE THAT IS DESIGNED TO MEET THE PHYSICAL, SOCIAL, RECREATIONAL, HEALTH CARE, AND TRANSPORTATION SPECIAL NEEDS OF THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACTS IN CONCERT WITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSING FACILITIES TO SERVE AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERING CULTURE CHANGE, PERSON-CENTERED, LONG-TERM CARE FOR ILL, INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE CULTURE CHANGE MODEL OF CARE IS DESIGNED TO EMPOWER ELDERS AND STAFF TO PARTICIPANT IN THE ESTABLISHMENT OF PATHWAYS THAT RESULT IN A HIGH DEGREE OF CHOICE, AUTONOMY, DIGNITY AND SELF-DETERMINATIONS FOR THE ELDERS SERVED. IT IS ANTICIPATED THAT WITH CONCERTED EFFORTS THE ORGANIZATION WILL INCREASE THE AVAILABILITY AND QUALITY OF HEALTH CARE FOR ITS RESPECTIVE COMMUNITIES, RESULTING IN BETTER HEALTH OUTCOMES AND QUALITY OF LIFE FOR THE ELDERLY. THE ORGANIZATION SERVED AN AVERAGE OF 95 RESIDENTS MONTHLY IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Cahoone Former Director | Trustee | 40 | $50,886 |
Alethea Lexington Former Director | Trustee | 40 | $48,737 |
Danny Weaver Director | Trustee | 40 | $44,000 |
Anita Sanders Director | Trustee | 40 | $19,599 |
Kimberly Howard Director | Trustee | 40 | $10,998 |
Cameron Morgan Former Director | Trustee | 40 | $10,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Rehab & Therapy | 12/30/21 | $311,265 |
Amr Construction Llc Construction & Repairs | 12/30/21 | $393,232 |
Hansen Hunter & Co Accounting | 12/30/21 | $111,828 |
Somerset Senior Living Administrative & General | 12/30/21 | $662,243 |
Encore Rehabilitation Therapy & Rehab | 12/30/21 | $326,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,890,679 |
| 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 | $1,890,679 |
| Total Program Service Revenue | $9,621,833 |
| Investment income | $1,331 |
| 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 | $11,521,132 |
| 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. | $192,817 |
| Compensation of current officers, directors, key employees. | $84,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,181,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $207,961 |
| Payroll taxes | $333,791 |
| Fees for services: Management | $485,692 |
| Fees for services: Legal | $7,499 |
| Fees for services: Accounting | $21,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $465,247 |
| Advertising and promotion | $1,936 |
| Office expenses | $22,123 |
| Information technology | $42,030 |
| Royalties | $0 |
| Occupancy | $1,253,600 |
| Travel | $25,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,157 |
| Insurance | $170,270 |
| All other expenses | $236,041 |
| Total functional expenses | $10,043,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,477,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $503,832 |
| 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 | $67,301 |
| Net Land, buildings, and equipment | $1,165,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $948,832 |
| Total assets | $4,163,438 |
| Accounts payable and accrued expenses | $848,858 |
| Grants payable | $0 |
| Deferred revenue | $497,830 |
| 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 | $604,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,734 |
| Total liabilities | $2,062,015 |
| Net assets without donor restrictions | $2,101,423 |
| 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 | $4,163,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buckingham Senior Living Community Inc Houston, TX | $218,611,316 | $37,036,824 |
Christian Care Center Inc Mesquite, TX | $74,221,740 | $38,224,104 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Bph Holding Co Inc Houston, TX | $217,127,228 | $37,812,066 |
Morningside Ministries San Antonio, TX | $133,717,947 | $38,051,355 |
Cumberland Rest Home Trinity Terrace Fort Worth, TX | $284,578,418 | $42,657,417 |
Presbyterian Homes Of Tennessee Inc Knoxville, TN | $109,320,590 | $32,362,942 |
Baptist Community Services Amarillo, TX | $103,635,790 | $32,393,349 |
Trezevant Episcopal Home Memphis, TN | $115,088,411 | $33,520,446 |
Psalms Inc Memphis, TN | $74,570,809 | $27,771,852 |
Manor Park Inc Midland, TX | $107,955,732 | $31,983,916 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |