Nonprofit · EIN 56-1722754
GRACE LIFECARE INC
Also known as GRACE RIDGE
Tax-exempt · MORGANTON, NC 28655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,226,382 | $12,395,886 | $1,830,496 | $24,291,892 | $23,841,917 | $449,975 |
| June 30, 2024 | 990 | $12,080,088 | $12,730,041 | -$649,953 | $24,090,350 | $25,780,823 | -$1,690,473 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,876
- Program service revenue
- $13,801,731
- Investment income
- $412,218
- Net gain from sales of assets
- $111,660
- Other revenue
- $557
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,988,725
- Salaries, compensation and benefits (total)
- $6,846,413
- Professional fundraising fees
- $0
- Accounting fees
- $11,900
- Occupancy
- $871,945
- Travel
- $5,997
- Depreciation
- $1,379,746
- Program services (functional)
- $9,014,366
- Management and general (functional)
- $3,381,520
Balance sheet and other
- Total assets, start of year
- $24,090,350
- Total assets, end of year
- $24,291,892
- Total liabilities, end of year
- $23,841,917
- Net assets, end of year
- $449,975
- Land, buildings and equipment
- $15,378,494
- Net assets without donor restrictions
- $449,975
- Gross receipts
- $14,226,382
- Employees
- 102
- Volunteers
- 98
- Year formed
- 1992
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY BAILEY | PRESIDENT & CEO Officer | 4 | $0 | $829,213 | $7,606 |
| GANDHARI LOOMIS MD | BOARD MEMBER Trustee or director | 0.2 | $0 | $462,540 | $8,771 |
| PATRICIA MOLL | CFO Officer | 4 | $0 | $409,793 | $51,159 |
| MCKAYLA VANCE | EXECUTIVE DIRECTOR Highest-paid employee | 50 | $129,201 | $0 | $30,745 |
| LEIGH ANNE POLLARD | RN DIRECTOR Highest-paid employee | 50 | $103,159 | $0 | $21,897 |
| M H MCCRARY | CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| JIM ROSTAN | VICE CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| DAVID BENNETT | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| SUSAN HAIRE | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| J MICHAEL BRIDGES | PAST CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| KEVIN BAXTER | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| ANDREW BRANT MD | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| AMY JACKSON-KINCAID | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| THEA YANG | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| GARY PAXSON | PRESIDENT & CEO Officer | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY BAILEY | PRESIDENT & CEO Officer | 4 | $0 | $947,938 | $10,408 |
| PATRICIA MOLL | CFO Officer | 4 | $0 | $396,003 | $49,744 |
| GANDHARI LOOMIS MD | BOARD MEMBER Trustee or director | 0.2 | $0 | $321,074 | $14,645 |
| JEFFREY BRIGHT | MARKETING DIRECTOR Highest-paid employee | 50 | $133,684 | $0 | $12,954 |
| MCKAYLA VANCE | EXECUTIVE DIRECTOR Highest-paid employee | 50 | $116,979 | $0 | $28,330 |
| NANCY LOVELACE | ADMINISTRATOR HEALTHCARE SERVICES Highest-paid employee | 50 | $119,623 | $0 | $15,283 |
| LINDA LACKEY | NURSE MANAGER Highest-paid employee | 50 | $110,181 | $0 | $13,155 |
| J MICHAEL BRIDGES | PAST CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| M H MCCRARY | VICE CHAIR (THRU 1/24)/CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| JEFF CARSWELL | CHAIRMAN (THRU 1/2024) Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| DAVID BENNETT | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| JIM ROSTAN | SECRETARY (THRU 1/2024)/VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| SUSAN HAIRE | SECRETARY (AS OF 1/2024) Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| TEA YANG | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| ANDREW BRANT MD | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| KEVIN BAXTER | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| AMY JACKSON-KINCAID | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 E PARKER RD STE 102, MORGANTON, NC 28655-5129
- Principal officer (990 for 2024)
- GARY PAXSON, 500 LENOIR ROAD, MORGANTON, NC 28655
- Signed the 990
- PATRICIA MOLL, CHIEF FINANCIAL OFFICER
- Phone
- (828) 580-5000
- Website
- WWW.UNCHEALTHBLUERIDGE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
GRACE LIFECARE IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.
Program accomplishments
- THE ORGANIZATION OPERATES A RETIREMENT COMMUNITY CONSISTING OF INDEPENDENT LIVING QUARTERS, A HEALTH FACILITY, AND OTHER AMENITIES FOR RETIREMENT LIVING.Expenses $9,014,366 · revenue $13,802,288
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1722754
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $24,291,892
- Income (IRS master file)
- $14,226,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,226,382 | $12,395,886 | $24,291,892 | IRS |
| 990 | June 2024 | $12,080,088 | $12,730,041 | $24,090,350 | IRS |
| 990 | June 2023 | $10,354,058 | $12,166,314 | $23,588,261 | IRS |
| 990 | June 2022 | $4,983,135 | $6,016,644 | $23,871,390 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1722754).
Questions about GRACE LIFECARE INC
- What is the EIN of GRACE LIFECARE INC?
- The employer identification number (EIN) of GRACE LIFECARE INC is 56-1722754.
- Is GRACE LIFECARE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to GRACE LIFECARE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE LIFECARE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRACE LIFECARE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE LIFECARE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRACE LIFECARE INC?
- The 990 for the year ended June 30, 2025 names GARY PAXSON.
- Who are the officers and directors of GRACE LIFECARE INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 2 received compensation from the organization.
- How much revenue does GRACE LIFECARE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,226,382, expenses of $12,395,886 and total assets of $24,291,892 at year end.
Other nonprofits in MORGANTON
- THE OUTREACH CENTER EIN 56-2221575 · last filed 990 for 2021
- BLUE RIDGE COMMUNITY ACTION INC EIN 56-0855390 · last filed 990 for 2025
- SOUTHMOUNTAIN CHILDREN AND FAMILY SERVICES EIN 56-0672457 · last filed 990 for 2025
- CHILD CARE CONNECTIONS OF BURKE COUNTY INC EIN 58-2222983 · last filed 990 for 2025
- MEETING PLACE ONE INC EIN 55-0863996 · last filed 990-EZ for 2025
- ACAPCOMMUNITY EIN 47-1335060 · last filed 990 for 2024
- TALLEY BRYAN FOUNDATION EIN 27-0458051 · last filed 990-PF for 2026
- THER-EQUINE INC EIN 46-4684056 · last filed 990-EZ for 2024
All nonprofits in MORGANTON · North Carolina · Human services