Fort Norfolk Retirement Community Inc

Organization Overview

Fort Norfolk Retirement Community Inc is located in Norfolk, VA. The organization was established in 2003. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2019, Fort Norfolk Retirement Community Inc employed 268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Fort Norfolk Retirement Community Inc generated $23.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $23.2m during the year ending 09/2019. While expenses have increased by 3.3% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO PROVIDE SENIORS WITH A FULL CONTINUUM OF HEALTHCARE IN AN ATMOSPHERE OF COMFORT, SECURITY AND EXCEPTIONAL SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS A LIFE CARE COMMUNITY, HARBOR'S EDGE PROVIDES RESIDENTIAL LIVING, ASSISTED LIVING, MEMORY SUPPORT AND SKILLED NURSING SERVICES TO MEET A FULL CONTINUUM OF CARE FOR ITS RESIDENTS. THE PARTIALLY REFUNDABLE ENTRANCE FEE DEPOSIT PLANS ARE A USEFUL ESTATE PLANNING TOOL, WHILE THE LIFE CARE BENEFIT PROVIDES RESIDENTS WITH DISCOUNTED MONTHLY FEES FOR NURSING AND ASSISTED LIVING SERVICES AS THEY TRANSITION PERMANENTLY TO A HIGHER LEVEL OF CARE.


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Board, Officers & Key Employees

Name (title)Compensation
Catherine A L'heureux
CFO
$175,274
Whitney Gwaltney
Sales Counselor
$155,294
William R Van Buren III
Secretary
$0
H Edward Davidson
Treasurer
$0
Jody Wagner
Vice Chair
$0
Thomas J Knox
Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Virginia Health Rehabilitation Agency
Physical Therapy
$644,474
Hr Business Solutions Inc
Coo
$353,844
Clark Nexsen
Architecture
$2,949,780
Hudson Construction
Construction
$202,855
Kaufman & Canoles
Legal
$214,978
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $581,995
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $37,510
Net Gain/Loss on Asset Sales $383,613
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,514,304

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