Powered by LevrNAICS 623210: Residential intellectual and developmental disability facilities
NAICS 623210 is the industry code for residential intellectual and developmental disability facilities. Use it on loan applications, tax forms and registrations. Explore financing for medical and dental and start your application when you are ready.
What 623210 covers
These facilities provide residential care, supervision and support for people with intellectual and developmental disabilities, such as group homes and intermediate care facilities for individuals with IDD.
Included in this code
- Group homes for adults with IDD
- Intermediate care facilities for IDD
- Supported residential homes
- Residential care for autism
Not this code
- Mental health residential facilities: see 623220 Residential mental health and substance abuse facilities
- Day programs without lodging: see 624120 Services for the elderly and persons with disabilities
Businesses that use 623210
Financing for this trade
Group home operators finance homes with residential and commercial mortgages and SBA 504 or 7(a) loans, and use lines of credit against Medicaid waiver receivables. Lenders look at state licensing, Medicaid contracts, occupancy and staffing.
Apply for funding with AIIs 623210 the right code for a group home for people with intellectual or developmental disabilities?
Yes, if you provide residential care and supervision for people with intellectual or developmental disabilities, such as group homes or ICF IID facilities. Day programs without overnight care use 624120. Residential mental health and substance use programs use 623220. Most Medicaid waiver group home providers use 623210.
What is the SBA size standard for 623210?
SBA sets the size standard for 623210 at $19 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Residential IDD facilities at or under that figure qualify as small businesses for SBA 7(a) and 504 loans and for federal small business set asides. Most independent residential IDD facilities fall well inside the limit, so size is rarely what decides an SBA application.
How do group home providers finance new homes?
Many buy homes with SBA 504 or 7(a) loans or conventional mortgages, and use a line of credit to carry payroll while Medicaid waiver payments arrive. Lenders look at state licensing, contracts with the state or county, occupancy history and the provider's operating record.
What does NAICS 623210 cover?
Residential intellectual and developmental disability facilities. Industry level code in NAICS 2022, under 62 Health care and social assistance, 623 Nursing and residential care facilities, 6232 Residential intellectual and developmental disability, mental health, and substance abuse facilities, 62321 Residential intellectual and developmental disability facilities.
What financing do NAICS 623210 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for medical and dental businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 623210?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.