Deerfield Retirement Community Inc

Deerfield Retirement Community Inc Overview

Deerfield Retirement Community Inc is located in West Des Moines, IA. 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 12/2019, Deerfield Retirement Community Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Deerfield Retirement Community Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $18.2m during the year ending 12/2019. While expenses have increased by 3.0% 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

TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO THE ELDERLY IN A RETIREMENT COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY.


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Deerfield Retirement Community Inc Board, Officers & Key Employees

Deerfield Retirement Community Inc Vendors

Vendor Name (Service)Compensation
Thomas Management Llc
Culinary Services
$1,449,538
Rehabcare Group East Inc
Medical Services
$510,996
Koester Construction Company Inc
Contractor
$465,718
Glynn Devins
Marketing
$462,270
Aspen Renovations
Contractor
$379,421
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,458,796
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$2,458,796
Total Program Service Revenue$13,313,201
Investment income $21,719
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$31,695
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,762,021

Deerfield Retirement Community Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Deerfield Retirement Community Inc has recieved totaling $2,458,795.

Awarding OrganizationAmount
Lifespace Communities Inc

West Des Moines, IA

PURPOSE: GUARANTEE OF DEBT PAYMENTS

$2,259,217
The Lifespace Foundation

West Des Moines, IA

PURPOSE: DISTRIBUTION FOR COMMUNITY APPROVED PROJECTS AND PAYMENTS ON BEHALF OF COMMUNITIES

$199,578
View Grant Recipient Profile

Deerfield Retirement Community Inc Peer Organizations

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