Sun Health Colonnade
- Assets
- $94.1m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 177
- Location
- Sun City West, AZ
- Founding
- 08/2012
- Data as of
- 06/2021
- EIN
- 45-3137352
Organization Overview
Sun Health Colonnade is located in Sun City West, AZ. The organization was established in 2012. 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 06/2021, Sun Health Colonnade employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Health Colonnade 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 06/2021, Sun Health Colonnade generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 14.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLONNADE CHAMPIONS SUPERIOR HEALTH AND WELLBEING THROUGH PHILANTHROPY, INSPIRED LIVING AND WELLNESS PROGRAMS.
Describe the Organization's Program Activity:
THE COLONNADE IS A COMMUNITY ON THE RISE WITH EXPANSIONS AT THIS GATED COMMUNITY INCLUDING NEW VILLAS WITH WALKING GARDENS, AN EXPANSIVE CLUBHOUSE AND RECREATION CENTER, AN OUTDOOR POOL AND SPA AND MORE. IT, LIKE OUR OTHER COMMUNITIES, PROVIDES CONTINUING LIFE CARE THAT MEETS OUR RESIDENTS' SPIRITUAL, EMOTIONAL, PHYSICAL, MEDICAL, SOCIAL AND INTELLECTUAL NEEDS.
SUN HEALTH LIFE PLAN COMMUNITIES AND THE SUN HEALTH AT HOME PROGRAM GIVE RESIDENTS ACCESS TO HIGH-QUALITY HEALTH CARE AND SUPPORT WITHOUT THE NEED TO MOVE WHEN THEIR NEEDS CHANGE. LIFE CARE PROVIDES PEACE OF MIND TO OUR RESIDENTS, ENSURING THEY CAN ENJOY THE BEST OF INDEPENDENT LIVING TODAY, WITH A PLAN IN PLACE FOR TOMORROW, INCLUDING CARE FOR MEMORY SUPPORT, CUSTODIAL CARE AND SKILLED AND REHABILITATION NURSING CARE IT GUARANTEES THAT THEY WILL ALWAYS HAVE ACCESS TO HEALTH CARE WITHOUT EXCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E La Rue President & CEO | OfficerTrustee | 2 | $0 |
Gerald S Solomon Chairman | OfficerTrustee | 0.5 | $0 |
Lew Lancaster Treasurer | OfficerTrustee | 0.5 | $0 |
Patricia Lewis Finnell Vice Chairman | OfficerTrustee | 0.5 | $0 |
Dean Strycker MD Secretary | OfficerTrustee | 0.5 | $0 |
Vince Benbenek Chief Marketing Officer | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Affordable Home Care Solutions Home Care | 6/29/21 | $133,364 |
Belmontez Construction Llc Construction | 6/29/21 | $331,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,383 |
| Government grants | $75,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $75,238 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,621 |
| Total Program Service Revenue | $15,960,515 |
| Investment income | $10,749 |
| 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 | $16,072,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $754 |
| 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 | $4,629,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $628,380 |
| Payroll taxes | $356,009 |
| Fees for services: Management | $643,988 |
| Fees for services: Legal | $14,575 |
| Fees for services: Accounting | $58,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,235,760 |
| Advertising and promotion | $301,546 |
| Office expenses | $180,502 |
| Information technology | $226,301 |
| Royalties | $0 |
| Occupancy | $1,381,808 |
| Travel | $7,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,052,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,863,476 |
| Insurance | $171,114 |
| All other expenses | $0 |
| Total functional expenses | $15,283,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,209,755 |
| Savings and temporary cash investments | $10,169,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,193 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,412,704 |
| Inventories for sale or use | $56,180 |
| Prepaid expenses and deferred charges | $50,926 |
| Net Land, buildings, and equipment | $72,349,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,363,808 |
| Total assets | $94,057,593 |
| Accounts payable and accrued expenses | $1,396,008 |
| Grants payable | $0 |
| Deferred revenue | $24,485,585 |
| Tax-exempt bond liabilities | $26,937,836 |
| 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 | $34,207,253 |
| Total liabilities | $87,026,682 |
| Net assets without donor restrictions | $7,030,911 |
| 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 | $94,057,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sun Health Colonnade has recieved totaling $26,383.
| Awarding Organization | Amount |
|---|---|
Sun Health Foundation Sun City West, AZ PURPOSE: SUPPORT | $26,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |