Skip to content
Log in Apply
NAICS 623990, industry

NAICS 623990: Other residential care facilities

NAICS 623990 is the industry code for other residential care facilities. Use it on loan applications, tax forms and registrations. Explore financing for medical and dental and start your application when you are ready.

Apply for funding with AI

What 623990 covers

This code covers residential care not classified elsewhere, such as group homes for children, homes for unwed mothers, orphanages, boot camps for delinquent youth and sober living homes without treatment.

Included in this code

  • Group foster homes for children
  • Residential care for at risk youth
  • Sober living homes
  • Homes for unwed mothers
  • Orphanages
  • Transitional housing with care

Not this code

Businesses that use 623990

Youth group homeSober living homeMaternity group home

Financing for this trade

Operators finance homes with mortgages and SBA 504 or 7(a) loans and use lines of credit against county or state contracts. Lenders look at licensing, contracts and occupancy.

Apply for funding with AI

Is 623990 the right code for a residential care facility not covered elsewhere?

Yes, if you provide residential care not covered by nursing, IDD, mental health or senior codes, such as youth group homes, sober living homes and maternity homes. Treatment based programs use 623220. Short term emergency shelters use 624221. Choose the code that matches the main population you serve.

What is the SBA size standard for 623990?

SBA sets the size standard for 623990 at $16 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Other residential care 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 other residential care facilities fall well inside the limit, so size is rarely what decides an SBA application.

How do group home operators finance properties?

Many buy homes with SBA 504 or 7(a) loans or conventional mortgages, and use a line of credit to cover payroll while county and state payments arrive. Lenders look at licensing, placement contracts, occupancy history and the operator's experience running homes.

What does NAICS 623990 cover?

Other residential care facilities. Industry level code in NAICS 2022, under 62 Health care and social assistance, 623 Nursing and residential care facilities, 6239 Other residential care facilities, 62399 Other residential care facilities.

What financing do NAICS 623990 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 623990?

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.