Nonprofits/Organizations/54-1291284
Active
501(c)(3)
P20 · Human Services
Form 990

Uva Caton Merchant House Assisted Living

DBA: NOVANT HEALTH UVA HEALTH SYSTEM CATON MERCHANT HOUSE

EIN 54-1291284WINSTON SALEM, NC 27103Founded 1984WebsiteIRS Tax Year 2023 · Period ending June 30, 2024
Mission Statement

SEE SCHEDULE O

IRS Tax Year 2023

Period ending June 30, 2024

Tax year 2024 filing not yet available. This is the most recent filing on record.

Total Revenue

$208K

-93.2%YoY

Total Expenses

$934K

-77.5%YoY

Net Assets

$1.5M

+2605.1%YoY

Employees

40

-13.0%YoY

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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RoundPaper IndicatorsTax Year 2023

Financial Health

Revenue declined -93.2% to $208K
Program spending ratio of 83.4% — good
19.2 months of operating reserves — strong cushion
Expenses decreased -77.5% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
12-member board, 9 independent

Compensation

Top compensation: $1,051,706 (CEO (UVACH SYSTEM))
Top exec pay is 112.6% of total expenses — elevated
Schedule J filed for 6 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
83.4% of spending goes to programs
1 program generates revenue — self-sustaining activity
9 volunteers engaged

Financial Stability

Debt-to-asset ratio of 0.0% — low leverage
0.0 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources
Net assets declining over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

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

Programs Overview

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.

1
Program 1
Changed
Expenses: $778,453

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

Financial Highlights

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

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
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

YearTotal ExpensesProgramManagementFundraisingGrants 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

Compensation Summary

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.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
ERIK SHANNONCEO (UVACH SYSTEM)
Officer
0.20$0$715,381$1,051,706
KIRSTEN GREEN MDTRUSTEE
Director
0.20$0$980,161$1,039,460
CHARLES CODERCFO (UVACH SYSTEM)
Officer
0.20$0$491,371$543,664
MARY FRANCES SOUTHERLANDINTERIM SECRETARY/TRUSTEE
OfficerDirector
0.20$0$480,964$522,666
CHRIS HEATON MDTRUSTEE - UCB/TRUSTEE INC
Director
0.20$0$445,044$502,810
AMANDA DICKINSONCATON ADMIN./EXEC DIR.
Officer
45.00$118,240$67,744$197,880
STEVE DANZIGERCHAIR
OfficerDirector
0.20$0$0$0
CHARLES BARRELLVICE CHAIR
OfficerDirector
0.20$0$0$0
LISA ANN PEACOCKTRUSTEE
Director
0.20$0$0$0
STEPHEN NELSONTREASURER
OfficerDirector
0.20$0$0$0
RICHARD HARRINGTONSECRETARY/VICE CHAIR
OfficerDirector
0.20$0$0$0
MATTHEW GUILFOYLETRUSTEE
Director
0.20$0$0$0
PAM KINCHELOE RN JDTRUSTEE
Director
0.20$0$0$0
JACQUELINE KRICKTRUSTEE
Director
0.20$0$0$0
MICHELLE METZGARTRUSTEE
Director
0.20$0$0$0
VIPUL PARIKH MDTRUSTEE
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)

Governance Snapshot

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

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members12
Independent members9

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Filing History(Tax Years 1985–2023)

5 records

Showing the 5 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet 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
1985–2018No 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.

Publicly available IRS data
Verified filing records
Updated quarterly
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