Totals
- Total revenue
- $12,080,088
- Total expenses
- $12,730,041
- Contributions and grants received
- $7,470
- Grants paid
- $0
- Program service revenue
- $11,774,224
- Investment income
- $296,224
- Other revenue
- $2,170
- Total assets, end of year
- $24,090,350
- Total liabilities, end of year
- $25,780,823
- Net assets or fund balances, end of year
- -$1,690,473
- Program services expenses (Part IX)
- $10,976,723
- Management and general expenses
- $1,753,318
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,976,723
Program services were 86.2% 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.
-
1d · Related organizations
$7,470
-
2a · Program service revenue: OPERATING REVENUE
total $6,129,425 · related or exempt $6,129,425
-
2b · Program service revenue: RESIDENT REVENUE
total $5,644,799 · related or exempt $5,644,799
-
3 · Investment income
total $221,253 · excluded $221,253
-
7a · Gross sales of assets other than inventory
securities $75,296
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $325
-
7c · Gain or loss
securities $75,296 · other assets -$325
-
7d · Net gain or loss
total $74,971 · excluded $74,971
-
11d · All other revenue
total $2,170 · related or exempt $2,170
-
11e · Other revenue, total
$2,170
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $5,892,772 · program services $5,126,712 · management and general $766,060
-
8 · Pension plan contributions
total $62,156 · program services $54,076 · management and general $8,080
-
9 · Other employee benefits
total $286,694 · program services $249,424 · management and general $37,270
-
10 · Payroll taxes
total $271,056 · program services $235,819 · management and general $35,237
-
11c · Fees: accounting
total $157,000 · management and general $157,000
-
11f · Fees: investment management
total $7,670 · management and general $7,670
-
11g · Fees: other
total $1,726,432 · program services $1,381,146 · management and general $345,286
-
12 · Advertising and promotion
total $177,552 · management and general $177,552
-
13 · Office expenses
total $128,382 · management and general $128,382
-
16 · Occupancy
total $868,086 · program services $868,086
-
17 · Travel
total $1,934 · program services $1,934
-
22 · Depreciation, depletion and amortization
total $1,323,597 · program services $1,323,597
-
23 · Insurance
total $65,441 · management and general $65,441
-
24a · Other expenses: SUPPLIES
total $1,157,598 · program services $1,157,598
-
24b · Other expenses: INTERCOMPANY
total $513,984 · program services $513,984
-
24c · Other expenses: LEASE
total $5,221 · program services $5,221
-
24e · All other expenses
total $84,466 · program services $59,126 · management and general $25,340
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $600 · end of year $600
-
2 · Savings and temporary cash investments
beginning of year $621,214 · end of year $247,401
-
4 · Accounts receivable
beginning of year $363,307 · end of year $622,919
-
8 · Inventories for sale or use
beginning of year $45,927 · end of year $52,310
-
9 · Prepaid expenses and deferred charges
beginning of year $95,133 · end of year $82,108
-
10a · Land, buildings and equipment: cost or other basis
$35,848,451
-
10b · Land, buildings and equipment: accumulated depreciation
$20,178,869
-
10c · Land, buildings and equipment, net
beginning of year $15,775,400 · end of year $15,669,582
-
12 · Investments: other securities
beginning of year $5,671,902 · end of year $6,393,482
-
14 · Intangible assets
beginning of year $1,013,373 · end of year $1,013,373
-
15 · Other assets
beginning of year $1,405 · end of year $8,575
-
17 · Accounts payable and accrued expenses
beginning of year $757,160 · end of year $1,289,951
-
19 · Deferred revenue
beginning of year $11,555,711 · end of year $13,294,728
-
25 · Other liabilities
beginning of year $12,748,611 · end of year $11,196,144
-
27 · Net assets without donor restrictions
beginning of year -$1,473,221 · end of year -$1,690,473
Mission and programs · 2023
Mission
GRACE LIFECARE IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.
Activities or mission (Part I)
COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES WITH EXCELLENT & COMPASSIONATE CARE.
-
THE ORGANIZATION OPERATES A RETIREMENT COMMUNITY CONSISTING OF INDEPENDENT LIVING QUARTERS, A HEALTH FACILITY, AND OTHER AMENITIES FOR RETIREMENT LIVING.
Expenses $10,976,723 · Revenue $11,776,394
As filed on the 2023 return.
Listed in Part VII
-
Gandhari Loomis MDGANDHARI LOOMIS MD
BOARD MEMBER
- Total calculated
- $335,719
- From this org
- $0
- From related orgs
- $321,074
- Other
- $14,645
- Hours/week
- 0.2 + 49.8 related
Schedule J breakdown matched by us
- Base
- $0 + $240,720 related
- Bonus
- $0 + $80,093 related
- Other
- $0 + $261 related
- Deferred
- $0 + $9,853 related
- Nontaxable benefits
- $0 + $4,792 related
- Filer's total
- $0 + $335,719 related
-
J Michael BridgesJ MICHAEL BRIDGES
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
M H McCraryM H MCCRARY
VICE CHAIR (THRU 1/24)/CHAIR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Jeff CarswellJEFF CARSWELL
CHAIRMAN (THRU 1/2024)
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
David BennettDAVID BENNETT
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Jim RostanJIM ROSTAN
SECRETARY (THRU 1/2024)/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Susan HaireSUSAN HAIRE
SECRETARY (AS OF 1/2024)
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Tea YangTEA YANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Andrew Brant MDANDREW BRANT MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Kevin BaxterKEVIN BAXTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 2.8 related
-
Amy Jackson-KincaidAMY JACKSON-KINCAID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Patricia MollPATRICIA MOLL
CFO
- Total calculated
- $445,747
- From this org
- $0
- From related orgs
- $396,003
- Other
- $49,744
- Hours/week
- 4 + 46 related
Schedule J breakdown matched by us
- Base
- $0 + $276,079 related
- Bonus
- $0 + $106,304 related
- Other
- $0 + $13,620 related
- Deferred
- $0 + $13,200 related
- Nontaxable benefits
- $0 + $36,544 related
- Filer's total
- $0 + $445,747 related
-
Kathy BaileyKATHY BAILEY
PRESIDENT & CEO
- Total calculated
- $958,346
- From this org
- $0
- From related orgs
- $947,938
- Other
- $10,408
- Hours/week
- 4 + 46 related
Schedule J breakdown matched by us
- Base
- $0 + $645,998 related
- Bonus
- $0 + $298,130 related
- Other
- $0 + $3,810 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $10,408 related
- Filer's total
- $0 + $958,346 related
-
McKayla VanceMCKAYLA VANCE
EXECUTIVE DIRECTOR
- Total calculated
- $145,309
- From this org
- $116,979
- From related orgs
- $0
- Other
- $28,330
- Hours/week
- 50
-
Jeffrey BrightJEFFREY BRIGHT
MARKETING DIRECTOR
- Total calculated
- $146,638
- From this org
- $133,684
- From related orgs
- $0
- Other
- $12,954
- Hours/week
- 50
-
Linda LackeyLINDA LACKEY
NURSE MANAGER
- Total calculated
- $123,336
- From this org
- $110,181
- From related orgs
- $0
- Other
- $13,155
- Hours/week
- 50
-
Nancy LovelaceNANCY LOVELACE
ADMINISTRATOR HEALTHCARE SERVICES
- Total calculated
- $134,906
- From this org
- $119,623
- From related orgs
- $0
- Other
- $15,283
- Hours/week
- 50
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- A RELATED ORGANIZATION'S COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION PACKAGE.
- PART I, LINE 4B
- DURING THE YEAR, THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SECTION 457(F) PLAN: PATRICIA MOLL $ 11,792
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.
-
BLUE RIDGE HEALTHCARE HOSPITALS INC
501(C)(3) · HEALTHCARE · NC
-
501(C)(3) · HEALTHCARE · NC
-
501(C)(3) · HEALTHCARE · NC
-
501(C)(3) · HEALTHCARE · NC
-
501(C)(3) · HEALTHCARE · NC
-
BLUE RIDGE HEALTHCARE MEDICAL GROUP INC
501(C)(3) · HEALTHCARE · NC
-
BLUE RIDGE HEALTHCARE SYSTEM INC
501(C)(3) · HEALTHCARE · NC
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
GRACE HEALTH VENTURES INC
C · COMMERCIAL REAL ESTATE RENTAL · NC
Directly controlled by BLUE RIDGE HEALTHCARE SYSTEM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511219349301686
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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