Haverland Carter Lifestyle Group
- Assets
- $60.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 172
- Location
- Albuquerque, NM
- Founding
- 12/2010
- Data as of
- 03/2021
- EIN
- 27-2027950
Organization Overview
Haverland Carter Lifestyle Group is located in Albuquerque, NM. The organization was established in 2010. 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 03/2023, Haverland Carter Lifestyle Group employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverland Carter Lifestyle Group 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 03/2021, Haverland Carter Lifestyle Group generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $12.8m during the year ending 03/2021. While expenses have increased by 24.3% 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
HAVERLAND CARTER LIFESTYLE GROUP, AS AN EXPRESSION OF CHRISTIAN MISSION, ENHANCES THE WELL-BEING AND QUALITY OF LIFE FOR OLDER PERSONS THROUGH PREMIER MANAGEMENT SERVICES WITH COMPETENCY, COMPASSION, AND ETHICAL BEHAVIOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCEMENT OF THE WELL-BEING AND QUALITY OF LIFE FOR OLDER PERSONS THROUGH PREMIER MANAGEMENT SERVICES WITH COMPETENCY, COMPASSION, AND ETHICAL BEHAVIOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regner Rider Chair Emeritus/member | Trustee | 1 | $0 |
Edward Licon Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marie Trigg Chair | OfficerTrustee | 1 | $0 |
Walt Arnold Member | Trustee | 1 | $0 |
Shelly L Fritz Chair Emeritus/member (term Ended 7/22) | Trustee | 1 | $0 |
Renee Ennis Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canfield Funding Llc Staffing Agency | 3/30/19 | $239,505 |
Nursecore Denver Staffing Agency | 3/30/19 | $163,690 |
All Team Staffing Staffing Agency | 3/30/19 | $151,299 |
Integrated Healthcare Staffing Staffing Agency | 3/30/19 | $161,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,173,004 |
| Investment income | $105,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,864,395 |
| Statement of Expenses | |
|---|---|
| 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. | $30,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,220,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $302,388 |
| Payroll taxes | $290,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,392 |
| Fees for services: Accounting | $10,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,508 |
| Fees for services: Other | $141,088 |
| Advertising and promotion | $143,156 |
| Office expenses | $134,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,378 |
| Travel | $102,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $938 |
| Interest | $3,337,319 |
| Payments to affiliates | $2,026,660 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $218,412 |
| All other expenses | $0 |
| Total functional expenses | $12,753,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,611 |
| Savings and temporary cash investments | $6,214,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,479,382 |
| 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 | $146,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,302,912 |
| Other assets | $156,902 |
| Total assets | $60,146,748 |
| Accounts payable and accrued expenses | $6,094,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $45,998,547 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,126,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,923,780 |
| Total liabilities | $67,143,115 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$6,996,367 |