Birch Bay Retirement Village
- Assets
- $6.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Bar Harbor, ME
- Founding
- 08/2003
- Data as of
- 04/2023
- EIN
- 01-0481696
Organization Overview
Birch Bay Retirement Village is located in Bar Harbor, ME. The organization was established in 2003. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 04/2023, Birch Bay Retirement Village employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birch Bay Retirement 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 04/2023, Birch Bay Retirement Village generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.6m during the year ending 04/2023. While expenses have increased by 3.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT COMMUNITY OFFERING 32 ASSISTED LIVING SUITES AND 23 INDEPENDENT LIVING APARTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING: BIRCH BAY RETIREMENT VILLAGE IS COMPRISED OF 32 ASSISTED LIVING SUITES AND 23 INDEPENDENT LIVING APARTMENTS, FOR A TOTAL OF 55 RESIDENCE UNITS. AFTER A TWO-YEAR CLOSURE DUE TO THE COVID-19 PANDEMIC, THE ORGANIZATION HAS BEEN ABLE TO REOPEN THE DON & BETH STRAUS CENTER, AN ADULT DAY PROGRAM LOCATED AT BIRCH BAY RETIREMENT VILLAGE IN BAR HARBOR, PROVIDES SOCIALIZATION AND SUPPORT SERVICES FOR SENIORS AND THEIR FAMILY MEMBERS IN HANCOCK COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Albert Trustee | Trustee | 1 | $0 |
Fred Benson Trustee | Trustee | 1 | $0 |
Peter H Collier Trustee | Trustee | 1 | $0 |
Jeffrey M Dunn MD Trustee (end 6/2022) | Trustee | 1 | $0 |
Dr M Ellen Gellerstedt Trustee | Trustee | 1 | $0 |
Christopher J White Trustee (end 11/2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,742 |
| Total Program Service Revenue | $5,727,512 |
| Investment income | $26,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,683 |
| Net Income from Gaming Activities | $747 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,847,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,281 |
| Compensation of current officers, directors, key employees. | $182,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,636,214 |
| Pension plan accruals and contributions | $47,923 |
| Other employee benefits | $717,602 |
| Payroll taxes | $204,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $777 |
| Fees for services: Accounting | $141,300 |
| Fees for services: Lobbying | $118 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,208 |
| Advertising and promotion | $15,543 |
| Office expenses | $163,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $396,456 |
| Travel | $12,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,756 |
| Interest | $232,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,521 |
| Insurance | $33,185 |
| All other expenses | $0 |
| Total functional expenses | $5,628,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,266 |
| Savings and temporary cash investments | $810,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,752 |
| Net Land, buildings, and equipment | $4,541,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $130,000 |
| Other assets | $131,165 |
| Total assets | $6,006,727 |
| Accounts payable and accrued expenses | $651,245 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,868,497 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,624,930 |
| Total liabilities | $7,144,672 |
| Net assets without donor restrictions | -$1,179,007 |
| Net assets with donor restrictions | $41,062 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,006,727 |