Rosswoods INC EIN 20-0314596 Form 990 (PDF) Claim this org

Rosswoods INC FY2022 filing

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Rosswoods INC is a nonprofit based in Dalton, GA, formed in 2004. For fiscal year 2022 it reported $963K in revenue, $829K in expenses, and $2.3M in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Nonprofit
Location
Dalton, GA
Website
www.rosswoods.org
Filings
6 on file (2020–2022)
Revenue
$963KFY2022
Expenses
$829K
Net assets
$2.3M
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0314596 Public charity (501(c)(3)) Dalton, GA Founded 2004
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a nonprofit
Leadership
Bryan Cheever · Director
Money in and out
$963K revenue, $829K expenses
Bottom line
75% program efficiency
Where the money goes · FY2022
Total revenue
$963K
Pt VIII · Ln 12
Total expenses
$829K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $134K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program efficiency
75%
of spending reaches programs
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$963K
FY2022▲ +10%
Expenses
$829K
FY2022▲ +14%
Total assets
$2.4M
FY2022▲ +6%
Total liabilities
$36K
FY2022▲ +25%
Total revenue
$963K
Pt VIII · Ln 12
Total expenses
$829K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$134K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $623K of program spending, described in the organization's own filed words · FY2022.
01

Rosswoods, inc. Provides adult day care services for elderly and disabled individuals.

$623Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRosswoods INC
EINHdr · item D20-0314596
Principal addressHdr · item CDalton, GA
WebsiteHdr · item Jwww.rosswoods.org
Year of formationHdr · item L2004
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Carlene Mutter$73,613$74,936$69,792

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$381K · 40%
Contributions & grants$289K · 30%
Program service revenue$293K · 30%
Other revenue40%$381K
Contributions & grants30%$289K
Program service revenue30%$293K
Total revenueLn 12$963K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program services75%$623K
Management & general24%$201K
Fundraising1%$6K
Total functional expensesLn 25$829K

Balance Sheet

Part X · end of year
CashLn 1$653K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$36K
Total net assetsLn 32$2.3M
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $653K · Operating expenses/yr $829K
9.4 months
Where the money goes
Program services
Program services $623K · Total expenses $829K
75%
Management & General
Management & general $201K · Total expenses $829K
24%
Fundraising
Fundraising $6K · Total expenses $829K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $394K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $963K
30%
Government reliance
Government grants — · Total revenue $963K
Earned-income share
Program service revenue $293K · Total revenue $963K
30%
Investment reliance
Investment income $0 · Total revenue $963K
0%
Program self-sufficiency
Program service revenue $293K · Total expenses $829K
35%
Growth & trend
Revenue growth (YoY)
This year $963K · Prior year $878K
+10%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $963K · Expenses $829K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.3M · Total assets $2.4M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bryan Cheever · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $829K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $523K · Total expenses $829K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 24%
Fundraising cost ratio 2%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$909K revenue · ⤓ 990 PDF
FY2024$749K revenue · ⤓ 990 PDF
FY2023$744K revenue · ⤓ 990 PDF
FY2022$963K revenue · viewing · ⤓ 990 PDF
FY2021$878K revenue · ⤓ 990 PDF
FY2020$713K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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