Area Residential Care Foundation
- Assets
- $3.9m
- Revenue
- $107.5k
- Investments
- $212.0k
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 42-6267517
Organization Overview
Area Residential Care Foundation is located in Dubuque, IA. The organization was established in 1976. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Area Residential Care 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 06/2022, Area Residential Care Foundation generated $107.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $2.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (41.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES FOR PERSONS WITH INTELLECTUAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FACILITIES FOR THE OPERATION AND HOUSING OF PROGRAMS RELATED TO THE WELFARE OF PERSON WITH INTELLECTUAL DISABILITIES. AREA RESIDENTIAL CARE FOUNDATION OWNS MULTIPLE LOCATIONS THAT AREA RESIDENTIAL CARE, INC. UTILIZES FOR SERVICES TO INDIVIDUALS WITH DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Stevens President | OfficerTrustee | 0.1 | $0 |
James Schilling Secretary | OfficerTrustee | 0.1 | $0 |
Duane Frick Treasurer | OfficerTrustee | 0.1 | $0 |
Guy Gard Vice President | OfficerTrustee | 0.1 | $0 |
Susan Freeman-Murdah Executive Director Arc Inc. | Officer | 0.1 | $0 |
Tammy Hendricks Finance Director Arc Inc. | Officer | 0.1 | $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 | $67,544 |
| Investment income | $39,957 |
| 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 | $107,501 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266 |
| Insurance | $0 |
| All other expenses | $1,969 |
| Total functional expenses | $2,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $474,088 |
| 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 | $0 |
| Net Land, buildings, and equipment | $259,513 |
| Investments—publicly traded securities | $2,994,636 |
| Investments—other securities | $211,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,940,188 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,230 |
| 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 | $0 |
| Total liabilities | $4,230 |
| Net assets without donor restrictions | $3,935,958 |
| 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 | $3,940,188 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Area Residential Care Foundation has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nishna Productions Inc Shenandoah, IA | $11,396,482 | $10,657,459 |
St Lukes Lutheran Care Center Blue Earth, MN | $9,355,318 | $10,279,790 |
Abbott House Inc Mitchell, SD | $12,190,131 | $10,428,171 |
Central Iowa Residential Services Inc Marshalltown, IA | $5,466,699 | $8,641,374 |
Goldie B Floberg Center For Children Rockton, IL | $6,478,643 | $8,689,648 |
Opportunity Matters Inc Sartell, MN | $10,779,962 | $7,848,856 |
Social Current Inc Milwaukee, WI | $9,111,549 | $10,631,550 |
A B L E Inc La Crescent, MN | $10,754,285 | $6,799,396 |
Lakes Home And Program Development Inc Detroit Lakes, MN | $7,132,336 | $6,796,510 |
My Brothers Keeper Shakopee, MN | $2,916,127 | $5,584,610 |
Childrens Home Society Of Minnesota St Paul, MN | $17,383,447 | $5,759,305 |
West Central Community Services Breckenridge, MN | $2,437,878 | $5,085,723 |