Blackwater Ridge
Legal name: Cortland Acres Association Inc
Nonprofit profile at a glance
- EIN
- 237040648
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Thomas, WV, US
- Phone
- 681-228-9076
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $28,031,243
- Expenses
- $14,314,750
- Assets
- $26,009,918
- Liabilities
- $4,183,845
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- SAM GOUGHNOUR (VICE PRESIDENT)
- PAT A NICHOLS (PRESIDENT)
Highest reported compensation
- BETH CLEVENGER (ADMINISTRATOR): $185,469 total reported compensation
- DEBORAH BERRY (CHIEF FINANCIAL OFFICER): $175,085 total reported compensation
- ANNE MCCUNE (PHYSICAL THERAPIST - DIREC): $111,654 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a higher quality of life for neighbors and families through housing, services, and community-centered solutions.
What it reported doing in 2024
Cortland acres has a 94 bed skilled nursing facility, a 24 unit apartment complex, and nine independent living homes consisting of 25 units. The nursing home has 27,298 patient days in 2024. Approximately 73% of those served qualify for the medicaid program which is designed to help pay for health care services for those who cannot afford services with their own financial resources. Cortland incurred $75,007 of charity care during 2024. The nursing home had a 89.5% and 89.5% occupancy rate in 2024 and 2023 respectively. The apartment complex is designed to house the elderly and/or handicapped. Rents are subsidized through housing and urban development enabling low-income residents to be served.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.3%; rating input score 87
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48.9%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.82; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 87.3% of revenue deployed · 80.1% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $11.5M in reported program spending
- Leadership: top reported pay $185K · 14 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.