Arbor Ridge At Brookmeade Inc
- Assets
- $5.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Rhinebeck, NY
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 14-1835133
Organization Overview
Arbor Ridge At Brookmeade Inc is located in Rhinebeck, NY. The organization was established in 2007. 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, Arbor Ridge At Brookmeade Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arbor Ridge At Brookmeade Inc 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, Arbor Ridge At Brookmeade Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY DESIGNED FOR SENIORS AGE 58 AND ABOVE, IS COMMITTED TO PROVIDING ALL RESIDENTS WITH A LIFESTYLE THAT IS FOCUSED ON QUALITY, CENTERED IN WELLNESS, AND FACILITATED BY COMPETENT AND CARING STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNCTION OF ARBOR RIDGE AT BROOKMEADE, INC., IS TO PROVIDE RESIDENTS WITH A LIFESTYLE THAT IS FOCUSED ON QUALITY, CENTERED IN WELLNESS, AND FACILIATED BY COMPETENT STAFF. IN ADDITION TO THE INDEPENDENT LIVING APARTMENTS, RESIDENTS HAVE ACCESS TO A WELLNESS AND FITNESS CENTER, WALKING TRAILS, INDOOR SWIMMING POOL, CRAFT AND HOBBY WORKSHOP, A LIBRARY, CARD ROOM, AN ON-PREMISES HAIR SALON AND OTHER RETAIL SERVICES. MEALS ARE PROVIDED DAILY IN THE CASUAL WARMTH OF THE DINING ROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Daniel Drake Secretary | OfficerTrustee | 1.25 | $0 |
Roland Traudt President | OfficerTrustee | 1.25 | $0 |
Michael Green Treasurer | OfficerTrustee | 1.25 | $0 |
Karen Zobel Chief Executive Officer | Officer | 1 | $0 |
Lisa Stencel Chief Financial Officer | Officer | 1 | $0 |
Gary Mesuda Member | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,080 |
| Total Program Service Revenue | $3,445,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,667,760 |
| 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 | $888,320 |
| Pension plan accruals and contributions | $10,920 |
| Other employee benefits | $163,350 |
| Payroll taxes | $65,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,720 |
| Fees for services: Accounting | $22,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,800 |
| Advertising and promotion | $0 |
| Office expenses | $107,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,326,170 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,290 |
| Insurance | $44,310 |
| All other expenses | $0 |
| Total functional expenses | $3,174,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,940,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,760 |
| Prepaid expenses and deferred charges | $109,310 |
| Net Land, buildings, and equipment | $3,245,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,670 |
| Total assets | $5,668,940 |
| Accounts payable and accrued expenses | $329,205 |
| Grants payable | $0 |
| Deferred revenue | $311,570 |
| Tax-exempt bond liabilities | $0 |
| 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 | $12,970,335 |
| Total liabilities | $13,611,110 |
| Net assets without donor restrictions | -$7,942,170 |
| Net assets with donor restrictions | $0 |
| 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 | $5,668,940 |
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