Skip to main content

Nonprofit · EIN 56-1838369

GRACE NURSING CENTER INC

Also known as GRACE HEIGHTS

Tax-exempt · MORGANTON, NC 28655

Financials

$767K$69K2022$739K$73K2023$753K$42K2024
Revenue Expenses · by fiscal year end
Financials of GRACE NURSING CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$753,190$41,949$711,241$4,364,858$11$4,364,847
June 30, 2024990$738,917$73,373$665,544$3,653,637$31$3,653,606
June 30, 2023990$766,500$69,290$697,210$2,988,090$28$2,988,062
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$766,500
Investment income
-$13,310
Net gain from sales of assets
-$13,329
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$4,117
Depreciation
$11,992
Program services (functional)
$30,918
Management and general (functional)
$11,031

Balance sheet and other

Total assets, start of year
$3,653,637
Total assets, end of year
$4,364,858
Total liabilities, end of year
$11
Net assets, end of year
$4,364,847
Land, buildings and equipment
$163,027
Net assets without donor restrictions
$4,364,847
Gross receipts
$766,519
Employees
0
Volunteers
9
Year formed
1994
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHY BAILEY THRU 82024PRESIDENT & CEO
Officer
1$0$829,213$7,606
GANDHARI LOOMIS DOBOARD MEMBER
Trustee or director
0.2$0$462,540$8,771
PATRICIA MOLLCFO
Officer
1$0$409,793$51,159
M H MCCRARYCHAIRMAN
Trustee or director, Officer
0.2$0$0$0
JIM ROSTANVICE CHAIRMAN
Trustee or director, Officer
0.2$0$0$0
DAVID BENNETTTREASURER
Trustee or director, Officer
0.2$0$0$0
SUSAN HAIRESECRETARY
Trustee or director, Officer
0.2$0$0$0
J MICHAEL BRIDGESPAST CHAIR
Trustee or director, Officer
0.2$0$0$0
KEVIN BAXTERBOARD MEMBER
Trustee or director
0.2$0$0$0
ANDREW BRANT MDBOARD MEMBER
Trustee or director
0.2$0$0$0
AMY JACKSON-KINCAIDBOARD MEMBER
Trustee or director
0.2$0$0$0
THEA YANGBOARD MEMBER
Trustee or director
0.2$0$0$0
GARY PAXSON AS OF 92024PRESIDENT & CEO
Officer
1$0$0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHY BAILEYPRESIDENT & CEO
Officer
1$0$947,938$10,408
PATRICIA MOLLCFO
Officer
1$0$396,003$49,744
GANDHARI LOOMIS DOBOARD MEMBER
Trustee or director
0.2$0$321,074$14,645
J MICHAEL BRIDGESPAST CHAIR
Trustee or director, Officer
0.2$0$0$0
M H MCCRARYVICE CHAIR (THRU 1/24)/CHAIR
Trustee or director, Officer
0.2$0$0$0
JEFF CARSWELLCHAIRMAN (THRU 1/2024)
Trustee or director, Officer
0.2$0$0$0
DAVID BENNETTTREASURER
Trustee or director, Officer
0.2$0$0$0
JIM ROSTANSECRETARY (THRU 1/2024)/VICE CHAIR
Trustee or director, Officer
0.2$0$0$0
SUSAN HAIRESECRETARY (AS OF 1/2024)
Trustee or director, Officer
0.2$0$0$0
TEA YANGBOARD MEMBER
Trustee or director
0.2$0$0$0
ANDREW BRANT MDBOARD MEMBER
Trustee or director
0.2$0$0$0
KEVIN BAXTERBOARD MEMBER
Trustee or director
0.2$0$0$0
AMY JACKSON-KINCAIDBOARD MEMBER
Trustee or director
0.2$0$0$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHY BAILEYPRESIDENT & CEO
Officer
1$0$965,485$13,957
PATRICIA MOLLCFO
Officer
1$0$387,359$43,409
GANDHARI LOOMIS MDBOARD MEMBER
Trustee or director
0.2$0$317,688$20,172
J MICHAEL BRIDGESCHAIRMAN
Trustee or director, Officer
0.2$0$0$0
M H MCCRARYVICE-CHAIRMAN
Trustee or director, Officer
0.2$0$0$0
SHERROD SALSBURYSECRETARY
Trustee or director, Officer
0.2$0$0$0
JEFF CARSWELLTREASURER
Trustee or director, Officer
0.2$0$0$0
JOHN BRANSTROMBOARD MEMBER
Trustee or director
0.2$0$0$0
ALAN GRIFFINBOARD MEMBER
Trustee or director
0.2$0$0$0
SUSAN HAIREBOARD MEMBER
Trustee or director
0.2$0$0$0
ALAN VANNOPPENBOARD MEMBER
Trustee or director
0.2$0$0$0
DAVID BENNETTBOARD MEMBER
Trustee or director
0.2$0$0$0
TEA YANGBOARD MEMBER
Trustee or director
0.2$0$0$0
ANDREW BRANT MDBOARD MEMBER
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
109 FOOTHILLS DR, MORGANTON, NC 28655-5152
Principal officer (990 for 2024)
GARY PAXSON, 109 FOOTHILLS DRIVE, MORGANTON, NC 28655
Signed the 990
PATRICIA MOLL, CHIEF FINANCIAL OFFICER
Phone
(828) 580-5000
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

GRACE NURSING CENTER IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.

990 for the year ended June 30, 2025

Program accomplishments

  • GRACE NURSING CENTER ("GNC") PROVIDES NURSING HOME AND HEALTH CARE SERVICES FOR THE ELDERLY AND AGING RESIDENTS OF THE COMMUNITY. GNC OPERATES A 120 BED FACILITY TO MEET THE LONG TERM AND SHORT TERM CARE NEEDS OF ITS RESIDENTS. GNC FOCUSES ON IMPROVING RESIDENT QUALITY OF LIFE WITH PROGRAMS SUCH AS PET THERAPY, ENVIRONMENTAL/ART ENHANCEMENT PROJECTS, AND MULTI-GENERATIONAL ACTIVITIES INVOLVING LOCAL ELEMENTARY AND MIDDLE SCHOOLS. SUB-ACUTE CARE IS AVAILABLE FOR MEDICALLY COMPLEX CASES AND RESIDENTS NEEDING SHORT TERM REHABILIATION.ON 7/1/19, SANSTONE HEALTH & REHABILITATION TOOK OVER OPERATIONS OF THE FACILITY. GNC LEASES THE BUILDING AND EQUIPMENT TO SANSTONE.
    Expenses $30,918 · revenue $766,500

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1838369
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
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E910)
Assets (IRS master file)
$4,364,858
Income (IRS master file)
$766,519

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$753,190$41,949$4,364,858IRS
990June 2024$738,917$73,373$3,653,637IRS
990June 2023$766,500$69,290$2,988,090XML
990June 2022$383,250$33,122$2,290,877IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 56-1838369).

Questions about GRACE NURSING CENTER INC

What is the EIN of GRACE NURSING CENTER INC?
The employer identification number (EIN) of GRACE NURSING CENTER INC is 56-1838369.
Is GRACE NURSING CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to GRACE NURSING CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE NURSING CENTER 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 NURSING CENTER 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 NURSING CENTER 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 NURSING CENTER INC?
The 990 for the year ended June 30, 2025 names GARY PAXSON.
Who are the officers and directors of GRACE NURSING CENTER INC?
The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does GRACE NURSING CENTER INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $753,190, expenses of $41,949 and total assets of $4,364,858 at year end.

Other nonprofits in MORGANTON

All nonprofits in MORGANTON · North Carolina · Health care