Army Retirement Residence Supporting Foundation
- Assets
- $129.4m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 02/2004
- Data as of
- 06/2021
- EIN
- 02-0686831
Organization Overview
Army Retirement Residence Supporting Foundation is located in San Antonio, TX. The organization was established in 2004. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Army Retirement Residence Supporting Foundation 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 06/2021, Army Retirement Residence Supporting Foundation generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $11.3m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ARMY RETIREMENT RESIDENCE SUPPORTING FOUNDATION PROVIDES SUPPORT FOR THE EXCLUSIVE BENEFIT OF THE ARMY RETIREMENT RESIDENCE FOUNDATION SAN ANTONIO. THE SUPPORTING FOUNDATION KEEPS THE CAPITAL ITEMS TO INCLUDE CASH AND INVESTMENTS, DEBT, AND FACILITIES AND PREPARES CAPITAL BUDGETS BASED ON CASH INFLOWS INTO THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARMY RETIREMENT RESIDENCE SUPPORTING FOUNDATION PROVIDES INVESTMENT OVERSIGHT FOR CAPITAL FUNDS GENERATED THROUGH UNIT SALES OF LIFE CARE CONTRACTS. THESE FUNDS ARE INVESTED AND REVIEWED BY THE BOARD OF DIRECTORS AND FUNDS ARE USED TO SUPPORT THE CAPITAL NEEDS AND DEBT SERVICE REQUIREMENTS OF THE CONTINUING CARE RETIREMENT COMMUNITY AS A WHOLE. THE FOUNDATION ALSO PROVIDES FOR THE FACILITIES USED BY RESIDENTS IN SUPPORT OF THE LIFE CONTRACTS. THE MANAGEMENT INCLUDES THE PREPARATION OF CAPITAL BUDGETS AND PROVIDING CAPITAL IN THE FORM OF DEBT ISSUANCE FOR LARGER PROJECTS. ALL FACILITIES USED, GROWN OR MAINTAINED ARE FOR THE BENEFIT OF THE ARMY RETIREMENT RESIDENCE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Fuller CEO | Officer | 37 | $0 |
Gordon Shoger CFO | Officer | 37 | $0 |
Suzanne Huber Director Of Health Care | Officer | 1 | $0 |
Col Ret Herb Coley Chair | Trustee | 1 | $0 |
Mg Ret David Rubenstein Secretary | Trustee | 0.5 | $0 |
John H Tate Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Home Depot Credit Services | 6/29/21 | $683,928 |
Rz Construction Llc | 6/29/21 | $341,397 |
Johnson Controls Security Solutions | 6/29/21 | $337,667 |
Cabinets & Granite Creations Llc | 6/29/21 | $602,091 |
Western States Fire Protection Company | 6/29/21 | $407,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,022,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,022,474 |
| Total Program Service Revenue | $6,937,369 |
| Investment income | $300,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,868,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,814,342 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $262,049 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,243,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,971,715 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,332,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,092,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,438 |
| 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 | $27,500 |
| Net Land, buildings, and equipment | $101,468,687 |
| Investments—publicly traded securities | $17,095,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,329 |
| Total assets | $129,383,630 |
| Accounts payable and accrued expenses | $2,251,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $83,446,155 |
| 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 | $52,098,123 |
| Total liabilities | $137,795,872 |
| Net assets without donor restrictions | -$10,837,215 |
| Net assets with donor restrictions | $2,424,973 |
| 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 | $129,383,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Army Retirement Residence Supporting Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Martha Ellen Tye Foundation Marshalltown, IA PURPOSE: DIRECTOR'S GRANT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,930,034 |
| Earnings | $326,545 |
| Admin Expense | $637 |
| Net Contributions | $51,425 |
| Ending Balance | $2,307,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Habitat For Humanity Inc Austin, TX | $39,504,840 | $22,735,671 |
Dallas Area Habitat For Humanity Inc Dallas, TX | $26,464,241 | $13,873,471 |
Army Retirement Residence Supporting Foundation San Antonio, TX | $129,383,630 | $14,814,342 |
Habitat For Humanity International Inc Houston, TX | $9,069,704 | $6,486,465 |
Habitat For Humanity St Tammany West Mandeville, LA | $6,732,927 | $3,434,705 |
Habitat For Humanity International Inc Santa Fe, NM | $7,331,212 | $3,678,307 |
Habitat For Humanity International Inc Houston, TX | $2,712,612 | $1,245,803 |
Dallas Life Support Corporation Dallas, TX | $11,532,965 | $154,833 |
Commcare Avoyelles Mandeville, LA | $11,733,022 | $1,020,000 |
Habitat For Humanity International Inc Lake Jackson, TX | $2,812,621 | $891,525 |
Habitat For Humanity International Inc Tahlequah, OK | $1,639,219 | $536,393 |
For Our Lords Service Inc West Fork, AR | $56,120 | $0 |