Redstone Military Retirement Residence Association

Organization Overview

Redstone Military Retirement Residence Association, operating under the name Redstone Village, is located in Huntsville, AL. The organization was established in 2001. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Redstone Village employed 366 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redstone Village is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Redstone Village generated $19.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $24.9m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES HOUSING, HEALTHCARE AND RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN HUNTSVILLE, ALABAMA. THE COMMUNITY CONSISTS OF 127 INDEPENDENT LIVING APARTMENT UNITS, 21 INDEPENDENT LIVING PATIO HOMES, 60 COMBINED ASSISTED LIVING AND CATERED LIVING APARTMENT UNITS, A 48-BED MEMORY SUPPORT ASSISTED LIVING CENTER, AND A 56-BED SKILLED NURSING CENTER. REDSTONE VILLAGE PROVIDES VARIOUS SERVICES TO ITS RESIDENTS, SUCH AS, FOOD PREPARATION AND SERVICE, ACTIVITIES, HOUSEKEEPING, MAINTENANCE AND TRANSPORTATION SERVICES TO CONTRIBUTE TO THE RESIDENTS' HEALTH, SECURITY, HAPPINESS AND PHYSICAL WELL-BEING, WHICH IS THE ORGANIZATION'S EXEMPT PURPOSE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,486,782
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,486,782
Total Program Service Revenue$18,019,095
Investment income $48,667
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $34,111
Net Gain/Loss on Asset Sales -$40,479
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,548,176

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