Somerset Senior Living At Canyon Springs
- Assets
- $1.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 112
- Location
- Hot Springs, AR
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 82-3440835
Organization Overview
Somerset Senior Living At Canyon Springs, operating under the name Canyon Springs Health And Rehabilita, is located in Hot Springs, AR. The organization was established in 2019. 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 12/2021, Canyon Springs Health And Rehabilita employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Springs Health And Rehabilita 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, Canyon Springs Health And Rehabilita generated $6.7m in total revenue. All expenses for the organization totaled $6.1m during the year ending 12/2021.
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 PROVIDES AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE ORGANIZATION ACTS IN CONCERTWITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSINGFACILITIES TO SERVE AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERINGPERSONCENTERED, LONGTERM CARE FOR ILL, INFIRM, MEDICALLY DISABLED AND ELDERLYINDIVIDUALS. IT IS ANTICIPATED THAT WITH CONCERTED EFFORTS THE ORGANIZATION WILLINCREASE THE AVAILABILITY AND QUALITY OF HEALTH CARE FOR ITS RESPECTIVE COMMUNITIES,RESULTING IN BETTER HEALTH OUTCOMES AND QUALITY OF LIFE FOR THE ELDERLY. IN 2021,THE ORGANIZATION SERVED ON AVERAGE 50 RESIDENTS MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Tart Director | Trustee | 40 | $169,998 |
Tonya Knox Director | Trustee | 40 | $70,122 |
David Black Member Rep | OfficerTrustee | 2 | $0 |
Teresa Milroy Director | Trustee | 1 | $0 |
Cecelia Echols Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Somerset Senior Living Administrative & General | 12/30/21 | $262,003 |
Encore Rehabilitation Rehab & Therapy | 12/30/21 | $294,155 |
Aegis Therapies Inc Therapy Rehab & Wellness | 12/30/21 | $173,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,024,369 |
| 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 | $1,024,369 |
| Total Program Service Revenue | $5,684,614 |
| Investment income | $79 |
| 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 | $6,716,773 |
| 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. | $242,578 |
| Compensation of current officers, directors, key employees. | $109,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,303,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,123 |
| Payroll taxes | $198,943 |
| Fees for services: Management | $294,713 |
| Fees for services: Legal | $6,985 |
| Fees for services: Accounting | $16,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,097 |
| Advertising and promotion | $77,184 |
| Office expenses | $9,872 |
| Information technology | $37,818 |
| Royalties | $0 |
| Occupancy | $986,165 |
| Travel | $2,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,097 |
| Insurance | $117,302 |
| All other expenses | $159,382 |
| Total functional expenses | $6,139,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $503,872 |
| 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 | $0 |
| Net Land, buildings, and equipment | $248,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $332,870 |
| Total assets | $1,535,346 |
| Accounts payable and accrued expenses | $600,958 |
| Grants payable | $0 |
| Deferred revenue | $556,485 |
| 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 | $558,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $243,883 |
| Total liabilities | $1,959,412 |
| Net assets without donor restrictions | -$424,066 |
| 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 | $1,535,346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seniortrust Of Florida Inc Nashville, TN | $0 | $3,809 |
Seven Acres Jewish Senior Care Services Inc Houston, TX | $33,296,281 | $17,291,093 |
United Methodist Senior Services Health Care Inc Tupelo, MS | $8,205,297 | $15,838,611 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |
Baptist Memorials Ministries Dallas, TX | $76,405,250 | $18,028,006 |
Crown Point Christian Village Inc St Louis, MO | $13,880,150 | $13,172,686 |
Spring River Christian Village Inc 3600 E Third St Louis, MO | $8,680,929 | $9,992,570 |
United Methodist Home Of Enid Inc Enid, OK | $6,879,064 | $13,679,398 |
St Pauls Home Kansas City, MO | $0 | $10,537,386 |
West Vue Inc West Plains, MO | $18,850,442 | $10,901,759 |
S P J S T Rest Home Taylor, TX | $45,258,719 | $17,630,650 |
Wood-Lawn Inc Batesville, AR | $28,619,314 | $12,711,949 |