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VALDESE NURSING HOME INC COLLEGE PINES NURSING CENTER

EIN 58-1978560 CONNELLY SPG, NC

Revenue 2024
$666,975
Expenses 2024
$101,381

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
E91
Classification
1000
Street
95 LOCUST ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

VALDESE NURSING HOME, INC. IS DEDICATED TO PROVIDING EXCELLENT CARE AND HELPING EACH RESIDENT ACHIEVE AN OPTIMAL QUALITY OF LIFE.

Activities or mission (Part I)

TO PROVIDE HEALTHCARE TO THE ELDERLY AND AGING.

  • VALDESE NURSING HOME, INC. PROVIDES INTERMEDIATE AND ASSISTED LIVING, AND PROVIDES COMPLETE REHABILITATION SERVICES WITH A FOCUS ON FOSTERING INDEPENDENCE WITHIN THE FACILITY. VALDESE NURSING HOME PROVIDES A COMPLETE RANGE OF THERAPY SERVICES UTILIZING BOTH CONTRACTED AND LICENSED THERAPISTS; THESE SERVICES INCLUDE: OCCUPATIONAL, PHYSICAL, RESPIRATORY AND SPEECH THERAPY. VALDESE NURSING HOME OPERATES A 104 BED FACILITY TO MEET THE LONG-TERM AND SHORT-TERM CARE NEEDS OF ITS RESIDENTS.ON 7/1/19 SANSTONE HEALTH & REHABILITATION TOOK OVER OPERATIONS OF THE FACILITY. VALDESE NURSING CENTER LEASES THE BUILDING AND EQUIPMENT TO SANSTONE.

    Expenses $91,183 · Revenue $683,280

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • M H McCrary

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Jim Rostan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • David Bennett

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Susan Haire

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • J Michael Bridges

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Kevin Baxter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 2.8 related
  • Andrew Brant MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Amy Jackson-Kincaid

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Gandhari Loomis MD

    BOARD MEMBER

    Total calculated
    $471,311
    From this org
    $0
    From related orgs
    $462,540
    Other
    $8,771
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,738 related
    Bonus
    $0 + $88,487 related
    Other
    $0 + $315 related
    Deferred
    $0 + $8,771 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $471,311 related
  • Thea Yang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related
  • Kathy Bailey

    PRESIDENT & CEO (THRU 8/2024)

    Total calculated
    $836,819
    From this org
    $0
    From related orgs
    $829,213
    Other
    $7,606
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,717 related
    Bonus
    $0 + $349,858 related
    Other
    $0 + $2,638 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,606 related
    Filer's total
    $0 + $836,819 related
  • Gary Paxson

    PRESIDENT & CEO (AS OF 9/2024)

    Total calculated
    $0
    Hours/week
    1 + 49 related
  • Patricia Moll

    CFO

    Total calculated
    $460,952
    From this org
    $0
    From related orgs
    $409,793
    Other
    $51,159
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,698 related
    Bonus
    $0 + $106,697 related
    Other
    $0 + $18,398 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,359 related
    Filer's total
    $0 + $460,952 related

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $666,975
    Expenses
    $101,381
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $683,280
    Expenses
    $116,619
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $341,640
    Expenses
    $62,575
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $683,280
    Expenses
    $132,225
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $683,280
    Expenses
    $207,123
    Assets (EOY)
    $995,807
  • 2020 · 990

    Revenue
    $737,572
    Expenses
    $170,083
    Assets (EOY)
    $1,124,943
  • 2019 · 990

    Revenue
    $4,587,210
    Expenses
    $4,421,568
    Assets (EOY)
    $1,264,875
  • 2018 · 990

    Revenue
    $8,576,694
    Expenses
    $8,130,514
    Assets (EOY)
    $2,576,231
  • 2017 · 990

    Revenue
    $8,368,160
    Expenses
    $8,348,602
    Assets (EOY)
    $2,334,148
  • 2016 · 990

    Revenue
    $8,542,654
    Expenses
    $8,868,601
    Assets (EOY)
    $2,494,121
  • 2014 · 990

    Revenue
    $7,737,845
    Expenses
    $8,601,297
    Assets (EOY)
    $2,590,531

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • GRACE HEALTH VENTURES INC

    C · COMMERCIAL REAL ESTATE RENTAL · NC

Other IRS files

Auto-Revocation List

  • Exemption revoked 15 May 2010, reinstated 15 May 2010.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.