Overview
What is Centre Care Inc?
Centre Care Inc, also known as Centre Care Rehabilitation and Wellness Services, is a nonprofit organization located in Bellefonte, Pennsylvania. With a workforce of 278 employees, they operate a skilled nursing facility, primarily focusing on serving lower-income residents of Centre County, Pennsylvania. These residents are either funded by Medicaid programs or receive charity care due to their financial indigence. In 2022, the organization catered to a total of 50,915 days of low-income Medicaid residents, with an average reimbursement of $207.73 per day. Despite the reimbursement being below the cost to provide services, which amounted to approximately $332.33 per day, Centre Care Inc continued to offer charity care, bridging the gap between costs and reimbursements. Their mission is dedicated to addressing the long-term care needs of Centre County's residents.
Official website here: www.centrecare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Centre Care Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it has areas requiring significant enhancement. With an overall score of 66%, the organization exhibits a solid commitment to governance, evidenced by a fully independent board and a transparent conflict of interest policy. However, the lack of financial statements raises concerns about accountability and financial health.
The organization demonstrates a strong program expense ratio of 87.91%, suggesting that a significant portion of its expenditures is directed toward its mission. This is a positive indicator of its effectiveness in fulfilling its goals. Additionally, the absence of material diversion of assets is a strength, as it reflects sound management practices in handling resources.
Despite these strengths, the financial health of Centre Care Inc is questionable, as highlighted by a high liabilities to assets ratio of 78.95%. This could pose risks to the organization's sustainability and capacity to deliver on its commitments in the long term. Overall, while Centre Care Inc shows promise in its operations, improving financial transparency and stability should be a priority going forward.
This AI summary has been generated from information found on Charity Navigator.
Is Centre Care Inc legitimate?
Centre Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centre Care Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,521,152
For more financial information, click here
Official website here: www.centrecare.org
What is the mission statement of Centre Care Inc?
Centre Care Inc is dedicated to providing long-term care services for residents in need, primarily focusing on those with lower income. The organization's mission is to cater to the care requirements of Centre County, Pennsylvania's population, with approximately 80% of their residents being eligible for Medicaid. In 2022, Centre Care Rehabilitation and Wellness Services had a total census of 50,915 days for low-income Medicaid residents, with an average daily reimbursement of $207.73. However, the cost of providing services to these residents was significantly higher at approximately $332.33 per day, leading to a substantial shortfall of around $6,344,314. Despite this financial challenge, Centre Care continues to provide charity care to these residents.
Official website here: www.centrecare.org
Who is the CEO of Centre Care Inc?
Carl Raup is the President of Centre Care Inc.
Official website here: www.centrecare.org
What is the revenue of Centre Care Inc?
Centre Care Inc's revenue in 2022 was $21,725,018.
Official website here: www.centrecare.org
Who are the executives of Centre Care Inc and what are their salaries?
The average compensation at Centre Care Inc during 2022 was $34,249. There are 278 employees and 15 volunteers at Centre Care Inc.
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- Compensation: $116,185
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Official website here: www.centrecare.org
Where can I find the form 990 for Centre Care Inc?
Centre Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centrecare.org
Learn more at the official website: www.centrecare.org
Mission Statement of Centre Care Inc
Centre Care Inc is a dedicated organization that focuses on providing long-term care services for the residents of Centre County, Pennsylvania. In line with its mission, Centre Care works tirelessly to cater to the needs of individuals who require ongoing care and are either funded by Medicaid programs or are financially indigent.
Centre Care Rehabilitation and Wellness Services, a division of Centre Care, served 50,915 low-income Medicaid residents in 2022, accounting for 80% of their total resident population. These individuals relied on Centre Care for essential care services. Despite receiving an average reimbursement of $207.73 per day, the cost of providing these services amounted to approximately $332.33 per day. Centre Care absorbed a significant financial shortfall, with reimbursements falling approximately $6,344,314 short of the actual costs to provide care to these residents - a testament to the organization's commitment to charity care.
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Impact
October, 2024
Centre Care Inc plays a crucial role in the community by operating a skilled nursing facility that focuses on meeting the long-term care needs of lower-income residents in Centre County, Pennsylvania. By providing essential rehabilitation and wellness services, it supports individuals who require extensive care, particularly those funded by Medicaid or those who are financially indigent.
In 2022, the facility recorded a total census of 50,915 days dedicated to low-income Medicaid residents, accounting for 80% of its total residents served. However, the financial dynamics of care provision highlight a significant challenge; while the average reimbursement for these residents was $207.73 per day, the actual cost to provide care was approximately $332.33 per day. This resulted in a staggering shortfall of about $6.34 million, a deficit that Centre Care absorbs as "charity care."
By bridging this financial gap, Centre Care Inc not only ensures that vulnerable populations receive necessary medical attention and support but also fosters a sense of community resilience. Their commitment to serving those in need underlines a fundamental aspect of the healthcare landscape in the region, affirming that every individual deserves access to quality long-term care, regardless of their financial situation.
This information is meant to be a general summary of Centre Care Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37,982
- Program Service Revenue: $19,629,595
- Gross Receipts: $21,725,018
Assets and Liabilities:
- Total Assets: $51,226,234
- Total Liabilities: $40,450,124
- Net Assets: $10,776,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVEN
Revenue
$19,629,595
Organization Details
Founding Year
2013
Phone
(814) 278-6000Principal Officer
Carl Raup
Main Address
250 PERSIA ROAD, BELLEFONTE, PA, 168239525
Website
www.centrecare.orgNTEE Category
Code: L22 - Housing
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