Corvallis Caring Place
- Assets
- $5.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 87
- Location
- Corvallis, OR
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 93-1244973
Organization Overview
Corvallis Caring Place is located in Corvallis, OR. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Corvallis Caring Place employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corvallis Caring Place 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, Corvallis Caring Place generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 4.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COMPASSIONATE CARE IN A LIFE-ENRICHING ENVIRONMENT TO SENIOR RESIDENTS IN NEED OF ASSISTANCE WITH ACTIVITIES OF DAILY LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORVALLIS CARING PLACE (CCP) OPERATES A 42 UNIT ASSISTED LIVING BUILDING WHICH IS CONSIDERED HOME TO SENIOR RESIDENTS OF VARYING INCOME LEVELS AND CARE NEEDS. CCP PROVIDES CARE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING IN A COMPASSIONATE MANNER THAT PROTECTS RESIDENTS' DIGNITY. CARE MAY INCLUDE ASSISTANCE WITH MEDICATIONS, MOBILITY, BATHING, DRESSING, TOILETING, MEALS, AND LAUNDRY. SERVICES ARE PROVIDED UNDER THE DIRECTION OF A LICENSED ADMINISTRATOR AND LICENSED NURSE. CCP WILL ASSIST SENIORS WITH LESSER FINANCIAL MEANS AND STRIVES TO MAINTAIN MEDICAID OCCUPANCY LEVELS OF 30%- 40%.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Newburgh President | OfficerTrustee | 2 | $0 |
Jerry Groesz Vice Preside | OfficerTrustee | 2 | $0 |
Kathy Hale Secretary | OfficerTrustee | 2 | $0 |
Les Boudreaux Treasurer | OfficerTrustee | 2 | $0 |
Bruce Bynum Board Member | Trustee | 1 | $0 |
Brent Kaseman Board Member | Trustee | 1 | $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 | $24,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,287 |
| Total Program Service Revenue | $2,271,993 |
| Investment income | $50,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,404,520 |
| 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 | $0 |
| Other salaries and wages | $980,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,985 |
| Payroll taxes | $89,161 |
| Fees for services: Management | $124,860 |
| Fees for services: Legal | $341 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,518 |
| Fees for services: Other | $118,432 |
| Advertising and promotion | $12,017 |
| Office expenses | $2,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,042 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,299 |
| Interest | $81,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,004 |
| Insurance | $81,990 |
| All other expenses | $47,461 |
| Total functional expenses | $2,171,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,624 |
| Savings and temporary cash investments | $357,425 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,699 |
| 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 | $62,690 |
| Net Land, buildings, and equipment | $2,273,724 |
| Investments—publicly traded securities | $1,858,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,147 |
| Total assets | $5,147,087 |
| Accounts payable and accrued expenses | $135,630 |
| Grants payable | $0 |
| Deferred revenue | $1,565 |
| 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 | $2,571,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,708,949 |
| Net assets without donor restrictions | $2,385,833 |
| Net assets with donor restrictions | $52,305 |
| 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 | $5,147,087 |