2025-05-01T14:21:55-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-07-01 581978560 VALDESE NURSING HOME INC VALD 8285805000 95 LOCUST STREET CONNELLY SPRINGS NC 28612 PATRICIA MOLL CFO 8285805000 2025-05-01 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-05-01 2023 2025-03-06 01:10:19Z GARY PAXSON 95 LOCUST STREET CONNELLY SPRINGS NC 28612 683280 0 X WWW.BLUERIDGEHEALTH.ORG X 1993 NC TO PROVIDE HEALTHCARE TO THE ELDERLY AND AGING. 11 10 0 10 0 0 0 0 683280 683280 0 0 0 0 683280 683280 0 0 0 0 0 0 0 0 0 132225 116619 132225 116619 551055 566661 821488 724232 1942581 1278664 -1121093 -554432 VALDESE NURSING HOME, INC. IS DEDICATED TO PROVIDING EXCELLENT CARE AND HELPING EACH RESIDENT ACHIEVE AN OPTIMAL QUALITY OF LIFE. 0 0 108772 683280 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. 108772 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICIA MOLL 8285805003 2201 S STERLING ST MORGANTON NC 28655 X J MICHAEL BRIDGES PAST CHAIR 0.20 1.80 X X 0 0 0 M H MCCRARY VICE CHAIR (THRU 1/24)/CHAIR 0.20 1.80 X X 0 0 0 JEFF CARSWELL CHAIRMAN (THRU 1/2024) 0.20 1.80 X X 0 0 0 SUSAN HAIRE SECRETARY (AS OF 1/2024) 0.20 1.80 X X 0 0 0 DAVID BENNETT TREASURER 0.20 1.80 X X 0 0 0 TEA YANG BOARD MEMBER 0.20 1.80 X 0 0 0 ANDREW BRANT MD BOARD MEMBER 0.20 1.80 X 0 0 0 GANDHARI LOOMIS MD BOARD MEMBER 0.20 49.80 X 0 321074 14645 JIM ROSTAN SECRETARY (THRU 1/2024)/VICE CHAIR 0.20 1.80 X X 0 0 0 KEVIN BAXTER BOARD MEMBER 0.20 2.80 X 0 0 0 AMY JACKSON-KINCAID BOARD MEMBER 0.20 1.80 X 0 0 0 PATRICIA MOLL CFO 1.00 49.00 X 0 396003 49744 KATHY BAILEY PRESIDENT & CEO 1.00 49.00 X 0 947938 10408 0 1665015 74797 0 0 1 0 0 OTHER 900099 683280 683280 683280 683280 683280 0 0 1955 1955 6266 5013 1253 98695 98695 4639 4639 INTERCOMPANY EXPENSE 5064 5064 116619 108772 7847 0 306 1737 4001494 3279025 821164 722469 18 26 821488 724232 31 36 1942550 1278628 1942581 1278664 X -1121093 -554432 -1121093 -554432 821488 724232 566661 0 X X 0 1 X 1 0 X 737572 683280 341640 683280 683280 3129052 737572 683280 341640 683280 683280 3129052 0 0 0 3129052 737572 683280 341640 683280 683280 3129052 1.00000 1.00000 0.00000 X SCHEDULE A, PART III THE SUPPORT TEST INCLUDES A SHORT YEAR BEGINNING JANUARY 1, 2022 AND ENDING JUNE 30, 2022. THE YEARS FOR COLUMNS (A) THROUGH (E) ARE AS FOLLOWS: COLUMN (A) - 12/31/20 COLUMN (B) - 12/31/21 COLUMN (C) - 6/30/22 (SHORT YEAR) COLUMN (D) - 6/30/23 COLUMN (E) - 6/30/24 2893917 2251494 642423 102243 97434 4809 1005334 930097 75237 722469 INTERCOMPANY LIABILITIES 1278628 1278628 X PART X, LINE 2: THE FILING ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FILING ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FILING ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FILING ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE FILING ORGANIZATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INCOME TAX STANDARD. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THIS STANDARD HAD NO IMPACT ON THE FILING ORGANIZATION'S FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2024 OR 2023. 0 1 0 0 0 0 0 0 0 KATHY BAILEY PRESIDENT & CEO 0 645998 0 298130 0 3810 0 0 0 10408 0 958346 0 0 PATRICIA MOLL CFO 0 276079 0 106304 0 13620 0 13200 0 36544 0 445747 0 0 GANDHARI LOOMIS MD BOARD MEMBER 0 240720 0 80093 0 261 0 9853 0 4792 0 335719 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF A RELATED ORGANIZATION REVIEWED AND APPROVED THE COMPENSATION PACKAGE DURING 2024. PART I, LINE 4B DURING THE YEAR, THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SECTION 457(F) PLAN: PATRICIA MOLL $ 11,792 FORM 990, PART VI, SECTION A, LINE 3 IN 2021, THE ORGANIZATION ENTERED INTO A MANAGEMENT SERVICES CONTRACT WITH UNC HEALTH. THE TERMS OF THE CONTRACT CALL FOR THE ORGANIZATION TO PAY UNC HEALTH AN ANNUAL MANAGEMENT FEE BASED UPON THE ORGANIZATION'S NET OPERATING REVENUES. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER, THE BOARD AND THE EXECUTIVE COMMITTEE WILL REVIEW THE PREPARED FORM 990 BEFORE IT IS FILED WITH THE IRS. A DRAFT OF FORM 990 WAS POSTED FOR ACCESS BY THE GOVERNING BODY BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CORPORATE COUNSEL, WHO REVIEWS ALL ANNUAL CONFLICT OF INTEREST DISCLOSURES, IS PRESENT AT EVERY BOARD MEETING TO ENSURE THAT ANY POTENTIAL CONFLICTS ARE APPROPRIATELY HANDLED BY MEMBERS ABSTAINING FROM VOTES AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 A RELATED ORGANIZATION'S COMPENSATION COMMITTEE REVIEWED AND APPROVED THE COMPENSATION PACKAGE DURING 2024. FORM 990, PART VI, SECTION C, LINE 19 BY-LAWS ARE AVAILABLE UPON REQUEST THROUGH CORPORATE COUNSEL. ARTICLES OF INCORPORATION ARE FILED WITH THE NORTH CAROLINA SECRETARY OF STATE AND ARE AVAILABLE ON THEIR WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VII DESCRIPTION OF HOURS -- FOR RELATED ORGANIZATIONS, OFFICERS LISTED ON PART VII WORK AN AVERAGE OF 40 TO 50 HOURS PER WEEK. THEIR TIME IS SHARED BETWEEN THE FILING ORGANIZATION AND OTHER RELATED ENTITIES LISTED ON SCHEDULE R. FORM 990, PART XII, LINE 2C NO CHANGES FOR APPROVING AUDITED FINANCIAL STATEMENTS OR SELECTION OF INDEPENDENT ACCOUNTANTS HAVE OCCURRED FROM THE PRIOR YEAR. BLUE RIDGE HEALTHCARE HOSPITALS INC 2201 SOUTH STERLING STREET MORGANTON NC 28655 560529976 HEALTHCARE NC 501(C)(3) LINE 3 N/A 0 GRACE LIFECARE INC 500 LENOIR ROAD MORGANTON NC 28655 561722754 HEALTHCARE NC 501(C)(3) LINE 10 N/A 0 GRACE PROPERTIES INC 500 LENOIR ROAD MORGANTON NC 28655 561727514 HEALTHCARE NC 501(C)(3) LINE 12A, I N/A 0 BLUE RIDGE FOUNDATION INC 2201 SOUTH STERLING STREET MORGANTON NC 28655 582063920 HEALTHCARE NC 501(C)(3) LINE 7 N/A 0 BLUE RIDGE HEALTHCARE MEDICAL GROUP INC 2201 SOUTH STERLING STREET MORGANTON NC 28655 020777195 HEALTHCARE NC 501(C)(3) LINE 10 N/A 0 BLUE RIDGE HEALTHCARE SYSTEM INC 2201 SOUTH STERLING STREET MORGANTON NC 28655 562150313 HEALTHCARE NC 501(C)(3) LINE 12B, II N/A 0 GRACE NURSING CENTER INC 109 FOOTHILLS DRIVE MORGANTON NC 28655 561838369 HEALTHCARE NC 501(C)(3) LINE 10 N/A 0 GRACE HEALTH VENTURES INC 2201 SOUTH STERLING STREET MORGANTON NC 28655 561581317 COMMERCIAL REAL ESTATE RENTAL NC BLUE RIDGE HEALTHCARE SYSTEM C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0