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Nonprofiteer
← PPRC NURSING HOME INC

Form 990 for tax year 2022

Filed by PPRC NURSING HOME INC.

Totals

Total revenue
$15,996,016
Total expenses
$15,330,968
Contributions and grants received
$276,558
Grants paid
$0
Program service revenue
$15,613,612
Investment income
$85,269
Other revenue
$20,577
Total assets, end of year
$13,154,578
Total liabilities, end of year
$8,961,967
Net assets or fund balances, end of year
$4,192,611
Program services expenses (Part IX)
$11,206,811
Management and general expenses
$4,124,157
Fundraising expenses
$0
Program service expenses (Part III)
$11,206,811

Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $276,558

  • 2a · Program service revenue: PATIENT SERVICES ROOM

    total $15,613,612 · related or exempt $15,613,612

  • 3 · Investment income

    total $137,017 · excluded $137,017

  • 7b · Less cost or other basis and sales expenses

    other assets $51,748

  • 7c · Gain or loss

    other assets -$51,748

  • 7d · Net gain or loss

    total -$51,748 · excluded -$51,748

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $20,577 · related or exempt $20,577

  • 11e · Other revenue, total

    $20,577

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,486 · management and general $77,486

  • 7 · Other salaries and wages

    total $4,325,411 · program services $3,084,934 · management and general $1,240,477

  • 9 · Other employee benefits

    total $504,894 · program services $228,271 · management and general $276,623

  • 10 · Payroll taxes

    total $317,040 · program services $205,519 · management and general $111,521

  • 11a · Fees: management

    total $937,383 · management and general $937,383

  • 11b · Fees: legal

    total $4,650 · management and general $4,650

  • 11c · Fees: accounting

    total $33,911 · management and general $33,911

  • 12 · Advertising and promotion

    total $12,613 · management and general $12,613

  • 13 · Office expenses

    total $72,924 · management and general $72,924

  • 14 · Information technology

    total $178,564 · management and general $178,564

  • 16 · Occupancy

    total $252,715 · program services $252,715

  • 17 · Travel

    total $1,639 · management and general $1,639

  • 20 · Interest

    total $313,389 · program services $313,389

  • 22 · Depreciation, depletion and amortization

    total $342,181 · program services $342,181

  • 23 · Insurance

    total $148,523 · program services $148,523

  • 24a · Other expenses: NURSING, PHYSICAL THERA

    total $6,172,352 · program services $6,172,352

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $1,043,709 · management and general $1,043,709

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $264,473 · program services $264,025 · management and general $448

  • 24d · Other expenses: BAD DEBTS

    total $194,902 · program services $194,902

  • 24e · All other expenses

    total $132,209 · management and general $132,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,315,253 · end of year $4,373,116

  • 2 · Savings and temporary cash investments

    beginning of year $15,749 · end of year $13,612

  • 4 · Accounts receivable

    beginning of year $1,183,821 · end of year $1,269,948

  • 8 · Inventories for sale or use

    beginning of year $44,210 · end of year $42,670

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,489 · end of year $162,507

  • 10a · Land, buildings and equipment: cost or other basis

    $9,632,504

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,331,375

  • 10c · Land, buildings and equipment, net

    beginning of year $6,179,224 · end of year $6,301,129

  • 14 · Intangible assets

    beginning of year $115,838 · end of year $109,577

  • 15 · Other assets

    beginning of year $2,074,548 · end of year $882,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $932,287 · end of year $952,913

  • 19 · Deferred revenue

    beginning of year $373,807 · end of year $78,444

  • 23 · Secured mortgages and notes payable

    beginning of year $8,243,328 · end of year $7,916,998

  • 25 · Other liabilities

    beginning of year $25,147 · end of year $13,612

  • 27 · Net assets without donor restrictions

    beginning of year $3,527,563 · end of year $4,192,611

Mission and programs · 2022

Mission

PPRC NURSING HOME, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRITUAL GROWTH AND DEVELOPMENT.

  • THE ORGANIZATION OPERATES A 129-BED SKILLED NURSING FACILITY FOR THE ELDERLY LOCATED IN HIGH POINT, NORTH CAROLINA (THE PROJECT). SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF ELDERLY AND HANDICAPPED INDIVIDUALS. THE PROJECT IS OPERATED UNDER SECTION 232 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 232 INSURED MORTGAGE. FHA PROJECT NUMBER 053-43243.

    Expenses $11,206,811 · Revenue $15,634,189

As filed on the 2022 return.

Listed in Part VII

  • Terry Miller

    PRESIDENT/CEO

    Total calculated
    $313,769
    From this org
    $312,351
    From related orgs
    $0
    Other
    $1,418
    Hours/week
    4 + 12 related

    Schedule J breakdown matched by us

    Base
    $312,351
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,418
    Filer's total
    $313,769

  • Penny Cates

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3.14

  • Ed Winslow

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.14

  • Craig Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • Thomas Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • Barry Yates

    CFO

    Total calculated
    $395,985
    From this org
    $351,031
    From related orgs
    $0
    Other
    $44,954
    Hours/week
    5 + 20 related

    Schedule J breakdown matched by us

    Base
    $351,031
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,954
    Filer's total
    $395,985

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PPRC HOLDINGS LLC

    LEASING PROPERTY TO PPRC NURSING HOME, INC. · NC · income $896,337 · assets $6,756,375

    Directly controlled by PPRC NURSING HOME INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WESTCHESTER CHRISTIAN CENTER

    C · ACQUISITION, IMPROVEMENT, MAINTENANCE, LEASING OF PROPERTY · NC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349301389

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