Uva Caton Merchant House Assisted Living
DBA: NOVANT HEALTH UVA HEALTH SYSTEM CATON MERCHANT HOUSE
SEE SCHEDULE O
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$208K
Total Expenses
$934K
Net Assets
$1.5M
Employees
40
Volunteers
9
Program Expense Ratio
83.4%
This nonprofit profile presents IRS Form 990 tax filing data for Uva Caton Merchant House Assisted Living (EIN: 54-1291284), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Uva Caton Merchant House Assisted Living is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1984. It is classified under NTEE code P20 (Human Service Organizations), within the Human Services category. The organization has held tax-exempt status since 1985. In its 2023 filing, the organization reported $208K in total revenue, a 93.2% decrease from the prior year, and $934K in total expenses. The organization employed 40 people and engaged 9 volunteers. ERIK SHANNON, CEO (UVACH SYSTEM), is the highest-compensated individual at $1,051,706. The organization runs 1 program, totaling $778K in program expenses. 4 of 6 recommended governance policies are in place.
Uva Caton Merchant House Assisted Living is classified under NTEE code P20 (Human Service Organizations), which falls within the Human Services category. Its foundation type is 16.
Programs(Tax Year 2023)
1 record
Uva Caton Merchant House Assisted Living operates 1 program, with total program expenses of $778K. Uva Caton Merchant House Assisted Living's largest program accounts for 100% of total program spending.
PRIOR TO SEPTEMBER 2023, CATON OPERATED AS A LICENSED ASSISTED LIVING CENTER IN MANASSAS, VA. CATON HAD 125 LICENSED BEDS, 78 APARTMENTS, AND 3,242 RESIDENT DAYS DURING THIS TIME.IN SEPTEMBER 2023, THE ASSETS WERE SOLD TO AN AFFILIATE OF COMMONWEALTH SENIOR LIVING, WHO SUBSEQUENTLY TOOK OWNERSHIP AND ASSUMED OPERATIONS.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, Uva Caton Merchant House Assisted Living's revenue has declined from $4.2M to $208K, a 95.0% decrease. Program expenses represent 83% of total spending.
Revenue decreased 93.2% year-over-year, while expenses declined 77.5%. net assets rose to $1.5M, up 2605.1% from the prior year. the organization reduced headcount by 6 employees.
Uva Caton Merchant House Assisted Living derives 275% from program services.
Uva Caton Merchant House Assisted Living allocates 83% to programs, 17% to management and general.
Revenue declined by 93.2% and expenses declined by 77.5% year over year.
Over 5 filings from 2019–2023, Uva Caton Merchant House Assisted Living declined revenue from $4.2M to $208K (-95.0%) while maintaining a program expense ratio of 83%. During this period, the organization reduced from 58 to 40 employees.
Uva Caton Merchant House Assisted Living holds $1.5M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 19.2 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $208K | $0 | $0 | $571K | $-363K |
| 2022 | $3.1M | $0 | $0 | $3.1M | $6K |
| 2021 | $3.1M | $0 | $0 | $3.1M | $3K |
| 2020 | $3.5M | $2K | $0 | $3.5M | $0 |
| 2019 | $4.2M | $23K | $0 | $4.1M | $5K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $934K | $778K | $155K | $0 | $0 |
| 2022 | $4.1M | $3.8M | $336K | $0 | $0 |
| 2021 | $4.5M | $3.7M | $803K | $0 | $0 |
| 2020 | $4.4M | $3.5M | $822K | $0 | $0 |
| 2019 | $4.5M | $3.7M | $854K | $0 | $0 |
Program Expense Ratio
83.4%
Admin Expense Ratio
16.6%
Fundraising Efficiency
—
Operating Reserve
19.2 mo
People & Compensation(Tax Year 2023)
16 records
Uva Caton Merchant House Assisted Living reported compensation for 16 officers and key employees. Total officer compensation was $3.9M, representing 413.2% of total expenses. 5 individuals received total compensation exceeding $500,000.
Uva Caton Merchant House Assisted Living's highest-compensated individual received $1.1M in total compensation. Total officer compensation of $3.9M represents 413.2% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| ERIK SHANNON | CEO (UVACH SYSTEM) | Officer | 0.20 | $0 | $715,381 | $1,051,706 |
| KIRSTEN GREEN MD | TRUSTEE | Director | 0.20 | $0 | $980,161 | $1,039,460 |
| CHARLES CODER | CFO (UVACH SYSTEM) | Officer | 0.20 | $0 | $491,371 | $543,664 |
| MARY FRANCES SOUTHERLAND | INTERIM SECRETARY/TRUSTEE | OfficerDirector | 0.20 | $0 | $480,964 | $522,666 |
| CHRIS HEATON MD | TRUSTEE - UCB/TRUSTEE INC | Director | 0.20 | $0 | $445,044 | $502,810 |
| AMANDA DICKINSON | CATON ADMIN./EXEC DIR. | Officer | 45.00 | $118,240 | $67,744 | $197,880 |
| STEVE DANZIGER | CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| CHARLES BARRELL | VICE CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| LISA ANN PEACOCK | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STEPHEN NELSON | TREASURER | OfficerDirector | 0.20 | $0 | $0 | $0 |
| RICHARD HARRINGTON | SECRETARY/VICE CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| MATTHEW GUILFOYLE | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| PAM KINCHELOE RN JD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JACQUELINE KRICK | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| MICHELLE METZGAR | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| VIPUL PARIKH MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
ERIK SHANNON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
KIRSTEN GREEN MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
CHARLES CODER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MARY FRANCES SOUTHERLAND
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
CHRIS HEATON MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
AMANDA DICKINSON
Base Salary
$118,240
Bonus
—
Other Reportable
—
Retirement/Deferred
$7,086
Nontaxable Benefits
$1,481
Governance & Compliance(Tax Year 2023)
Uva Caton Merchant House Assisted Living has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 12 members, 9 of whom are independent.
Uva Caton Merchant House Assisted Living's financial statements are audited.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1985–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $208K | $934K | $1.5M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $3.1M | $4.1M | $-60K |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $3.1M | $4.5M | $1.6M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $3.5M | $4.4M | $2.2M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $4.2M | $4.5M | $2.7M |
| 1985–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Uva Caton Merchant House Assisted Living do?
SEE SCHEDULE O
How much revenue does Uva Caton Merchant House Assisted Living have?
Uva Caton Merchant House Assisted Living reported $207,991 in total revenue for tax year 2023, down 93.2% from the prior year.
Who is the highest-paid executive at Uva Caton Merchant House Assisted Living?
ERIK SHANNON, CEO (UVACH SYSTEM), received $1,051,706 in total compensation as of tax year 2023.
Is Uva Caton Merchant House Assisted Living a 501(c)(3)?
Yes, Uva Caton Merchant House Assisted Living is classified as a 501(c)(3) tax-exempt organization.
Where is Uva Caton Merchant House Assisted Living located?
Uva Caton Merchant House Assisted Living is headquartered in WINSTON SALEM, NC 27103.
How many employees does Uva Caton Merchant House Assisted Living have?
Uva Caton Merchant House Assisted Living has 40 employees and 9 volunteers as of tax year 2023.
What type of nonprofit is Uva Caton Merchant House Assisted Living?
Uva Caton Merchant House Assisted Living is classified under NTEE code P20 (Human Service Organizations), within the Human Services category. It is a 501(c)(3) tax-exempt organization.
Is Uva Caton Merchant House Assisted Living audited?
Yes, Uva Caton Merchant House Assisted Living's financial statements are audited.
Data Source
Prepared by: GRANT THORNTON ADVISORS LLC, ARLINGTON, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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