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Valdese Nursing Home Inc College Pines Nursing Center

College Pines

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Nursing, Convalescent Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$683k (2023)

Expenses
$132k (2023)

Total Assets
$821k (2023)

Total Liabilities
$1.94M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$683,280
Expenses
$132,225
Net Income
$551,055
Net Assets
-$1,121,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $683,280
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $821,488
Total Liabilities $1,942,581
Net Assets -$1,121,093
Compensation
Key Employees and Officers Compensation Related Other
J Michael Bridges (Chairman) $0 $0 $0
M H Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
John Branstrom (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Susan Haire (Board Member) $0 $0 $0
Alan Vannoppen (Board Member) $0 $0 $0
David Bennett (Board Member) $0 $0 $0
Tea Yang (Board Member) $0 $0 $0
Gandhari Loomis Md (Board Member) $0 $317,688 $20,172
Andrew Brant Md (Board Member) $0 $0 $0
Patricia Moll (Cfo) $0 $387,359 $43,409
Kathy Bailey (President & Ceo) $0 $965,485 $13,957

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$341,640
Expenses
$62,575
Net Income
$279,065
Net Assets
-$1,672,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $341,640
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $936,860
Total Liabilities $2,609,008
Net Assets -$1,672,148
Compensation
Key Employees and Officers Compensation Related Other
J Michael Bridges (Chairman) $0 $0 $0
M H Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
John Branstrom (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Susan Haire (Board Member) $0 $0 $0
Alan Vannoppen (Board Member) $0 $0 $0
Felicia Simmons (Board Member) $0 $0 $0
Patricia Moll (Cfo) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$683,280
Expenses
$207,123
Net Income
$476,157
Net Assets
-$1,951,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $683,280
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $995,807
Total Liabilities $2,947,020
Net Assets -$1,951,213
Compensation
Key Employees and Officers Compensation Related Other
J Michael Bridges (Chairman) $0 $0 $0
M H Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
John Branstrom (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Susan Haire (Board Member) $0 $0 $0
Felicia Simmons (Board Member) $0 $0 $0
Alan Vannoppen (Board Member) $0 $0 $0
Patricia Moll (Cfo) $0 $231,542 $27,268
Kathy Bailey (President & Ceo) $0 $307,396 $7,050

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$737,572
Expenses
$170,083
Net Income
$567,489
Net Assets
-$2,427,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $737,572
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages -$359
Assets/Debt
Total Assets $1,124,943
Total Liabilities $3,552,313
Net Assets -$2,427,370
Compensation
Key Employees and Officers Compensation Related Other
Clay Richardson Md (Member At Large) $0 $200,016 $51,708
Patricia Moll (Interim Cfo) $0 $35,762 $2,047
J Michael Bridges (Chairman) $0 $0 $0
M H Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
Jennifer Brady Md (Board Member) $0 $0 $0
John Branstrom (Board Member) $0 $0 $0
Frieda Clark (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Susan Haire (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Felicia Simmons (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Senior Vp Of Finance/Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,587,210
Expenses
$4,421,568
Net Income
$165,642
Net Assets
-$2,994,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,587,210
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,538,461
57.4%
Assets/Debt
Total Assets $1,264,875
Total Liabilities $4,259,734
Net Assets -$2,994,859
Compensation
Key Employees and Officers Compensation Related Other
Clay Richardson Md (Member At Large) $0 $235,531 $49,802
J Michael Bridges (Chairman) $0 $0 $0
M H Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
John Branstrom (Board Member) $0 $0 $0
Lisa Buff (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Frieda Lowder (Board Member) $0 $0 $0
Susan Haire (Board Member) $0 $0 $0
Felicia Simmons (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Senior Vp Of Finance/Cfo) $0 $0 $0
Edward Plyler (Continuing Care Serv.) $0 $204,815 $41,788

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,576,694
Expenses
$8,130,514
Net Income
$446,180
Net Assets
-$3,153,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,576,694
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,144,577
63.3%
Assets/Debt
Total Assets $2,576,231
Total Liabilities $5,729,504
Net Assets -$3,153,273
Compensation
Key Employees and Officers Compensation Related Other
Jackie Pittman (Administrator) $121,769 $0 $30,447
J Michael Bridges (Chairman) $0 $0 $0
Mh Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
Clay Richardson Md (Member At Large) $0 $247,520 $52,134
John Branstrom (Board Member) $0 $0 $0
Lisa Buff (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Spencer Lilly (Board Member) $0 $0 $0
Frieda Lowder (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Sr Vp Of Finance/Cfo) $0 $0 $0
Edward Plyler (Continuing Care Serv.) $0 $472,075 $65,491

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,368,160
Expenses
$8,348,602
Net Income
$19,558
Net Assets
-$3,599,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,258
0.1%
Program Services $8,363,902
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,176,983
62.0%
Assets/Debt
Total Assets $2,334,148
Total Liabilities $5,933,601
Net Assets -$3,599,453
Compensation
Key Employees and Officers Compensation Related Other
Jackie Pittman (Administrator) $118,009 $0 $34,828
J Michael Bridges (Chairman) $0 $0 $0
Mh Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
Clay Richardson Md (Member At Large) $0 $260,939 $59,968
John Branstrom (Board Member) $0 $0 $0
Lisa Buff (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Spencer Lilly (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Senior Vp Of Finance/Cfo) $0 $0 $0
Edward Plyler (Continuing Care Serv.) $0 $324,887 $56,685

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,542,654
Expenses
$8,868,601
Net Income
-$325,947
Net Assets
-$3,619,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,542,654
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,405,880
61.0%
Assets/Debt
Total Assets $2,494,121
Total Liabilities $6,113,132
Net Assets -$3,619,011
Compensation
Key Employees and Officers Compensation Related Other
J Michael Bridges (Chairman) $0 $0 $0
Mh Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
Clay Richardson Md (Member At Large) $0 $280,971 $61,244
John Branstrom (Board Member) $0 $0 $0
Lisa Buff (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Frank Letherby (Board Member) $0 $0 $0
Spencer Lilly (Board Member) $0 $0 $0
Stephen Lawler (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Senior Vp Of Finance/Cfo) $0 $0 $0
Edward Plyler (Continuing Care Serv.) $0 $312,143 $56,143

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,667,824
Expenses
$8,906,205
Net Income
-$1,238,381
Net Assets
-$3,293,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,672,613
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,789
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,440,931
61.1%
Assets/Debt
Total Assets $2,588,084
Total Liabilities $5,881,148
Net Assets -$3,293,064

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,737,845
Expenses
$8,601,297
Net Income
-$863,452
Net Assets
-$2,054,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,737,845
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,228,226
60.8%
Assets/Debt
Total Assets $2,590,531
Total Liabilities $4,645,214
Net Assets -$2,054,683
Compensation
Key Employees and Officers Compensation Related Other
J Michael Bridges (Chairman) $0 $0 $0
Mh Mccrary (Vice Chairman) $0 $0 $0
Sherrod Salsbury (Secretary) $0 $0 $0
Jeff Carswell (Treasurer) $0 $0 $0
Clay Richardson Md (Member At Large) $0 $289,391 $55,441
John Branstrom (Board Member) $0 $0 $0
Lisa Buff (Board Member) $0 $0 $0
Alan Griffin (Board Member) $0 $0 $0
Allen Vannoppen (Board Member) $0 $0 $0
Brian Gwyn (Board Member) $0 $0 $0
Frank Letherby (Board Member) $0 $0 $0
Spencer Lilly (Board Member) $0 $0 $0
Kathy Bailey (President & Ceo) $0 $0 $0
Robert G Fritts (Senior Vp Of Finance/Cfo) $0 $0 $0
Maxine Molter (Management) $0 $184,263 $16,251
Edward Plyler (Continuing Care Serv.) $0 $327,516 $37,957

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,977,144
Expenses
$8,348,200
Net Income
-$371,056
Net Assets
-$1,191,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,976,346
100.0%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $778
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,103,991
61.1%
Assets/Debt
Total Assets $2,636,658
Total Liabilities $3,827,889
Net Assets -$1,191,231

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$726,297
Expenses
$620,836
Net Income
$105,461
Net Assets
-$820,175
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $726,288
100.0%
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $303,401
48.9%
Assets/Debt
Total Assets $3,070,826
Total Liabilities $3,891,001
Net Assets -$820,175

Document Links

Fiscal Year Ending Sept.
1996

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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