Masonic Retirement Village Of Taylor Mill Inc
- Assets
- $9.0m
- Revenue
- $417.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Masonic Home, KY
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 31-1756851
Organization Overview
Masonic Retirement Village Of Taylor Mill Inc is located in Masonic Home, KY. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Retirement Village Of Taylor Mill 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, Masonic Retirement Village Of Taylor Mill Inc generated $417.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 3.7% 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
TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR SENIOR CITIZENS OF THE COMMUNITY AND, SPECIFICALLY, THE ERECTION, CONSTRUCTION, MAINTENANCE AND OPERATION OF A RETIREMENT HOME AT TAYLOR MILL, KENTON COUNTY, KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONIC RETIREMENT VILLAGE OF TAYLOR MILL, INC. OPERATING AS SPRING HILL VILLAGE RETIREMENT COMMUNITY OFFERS ADULTS 55 AND OLDER A COMFORTABLE LIFESTYLE AND LOW-MAINTENANCE LIVING IN A STYLISH GARDEN HOME COMMUNITY. LOCATED IN TAYLOR MILL, SPRING HILL VILLAGE FEATURES A RANCH-STYLE AND WALKOUT GARDEN HOMES IN A VARIETY OF TWO-BEDROOM FLOOR PLANS. SPRING HILL VILLAGE RESIDENTS ENJOY THE FELTMAN COMMUNITY CENTER, FEATURING A FITNESS CENTER FOR DAILY WORKOUTS AND INVITING GATHERING AREAS FOR PRIVATE AND COMMUNITY EVENTS. FOR A MONTHLY MAINTENANCE FEE WE PROVIDE: WATER AND SANITATION SERVICES, REPAIR AND REPLACEMENT OF ALL FURNISHED KITCHEN APPLIANCES, WATER HEATER, FURNANCE AND AIR CONDITIONING BUILDING INSURANCE FOR FIRE AND STORM DAMAGE A COMMUNITY CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Bowman Vice Chairman | OfficerTrustee | 0.8 | $0 |
Harold Armstrong Chairman | OfficerTrustee | 0.8 | $0 |
Ron Caughron Treasurer | OfficerTrustee | 0.8 | $0 |
Mark H Galloway Secretary | OfficerTrustee | 0.8 | $0 |
J Scott Judy CEO | Officer | 2 | $0 |
Todd Lacy President | Officer | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $416,826 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $720 |
| 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 | $417,546 |
| 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 | $33,557 |
| Pension plan accruals and contributions | $997 |
| Other employee benefits | $140 |
| Payroll taxes | $2,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,683 |
| Fees for services: Accounting | $5,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,764 |
| Advertising and promotion | $0 |
| Office expenses | $9,902 |
| Information technology | $5,423 |
| Royalties | $0 |
| Occupancy | $79,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,076 |
| Insurance | $37,634 |
| All other expenses | $4,388 |
| Total functional expenses | $1,021,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $21,128 |
| Net Land, buildings, and equipment | $8,972,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,993,711 |
| Accounts payable and accrued expenses | $34,662 |
| Grants payable | $0 |
| Deferred revenue | $846,797 |
| 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 | $3,817,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,185,912 |
| Total liabilities | $14,885,053 |
| Net assets without donor restrictions | -$5,891,342 |
| 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 | $8,993,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |