Presbyterian Retirement Village Of Rapid City Inc
- Assets
- $123.0m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 375
- Location
- Rapid City, SD
- Founding
- 02/1980
- Data as of
- 09/2022
- EIN
- 46-0354383
Organization Overview
Presbyterian Retirement Village Of Rapid City Inc is located in Rapid City, SD. The organization was established in 1980. 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 09/2022, Presbyterian Retirement Village Of Rapid City Inc employed 375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Retirement Village Of Rapid City 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 09/2022, Presbyterian Retirement Village Of Rapid City Inc generated $26.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $24.4m during the year ending 09/2022. While expenses have increased by 5.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND OPERATE A CAMPUS AND RETIREMENT COMMUNITY TO PROVIDE CARE TO THE ELDERLY, INCLUDING HOUSING, NURSING, CULTURAL AND RECREATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTHILLS VILLAGE RETIREMENT COMMUNITY IS AN ECONOMICAL CONTINUING CARE COMMUNITY, PROVIDING GRACIOUS AND SECURE RETIREMENT LIVING IN A PLEASANT ENVIRONMENT AT A REASONABLE COST. ITS PURPOSE IS TO ENABLE RESIDENTS TO USE THEIR GIFTS FULLY, LIVE THEIR LIVES RICHLY, AND TO MAKE THE BEST OF THE YEARS THAT GOD HAS GIVEN THEM. WESTHILLS VILLAGE OFFERS CHOICES FOR INDEPENDENT SENIOR LIVING, ASSISTED LIVING, AND HEALTH CARE SERVICES. BEING INNOVATIVE AND MAINTAINING THE HIGHEST STANDARDS ENCOURAGES MEANINGFUL AND COMFORTABLE LIVING WITHOUT FORFEITING PRIVACY AND DIGNITY. WESTHILLS MINISTERS TO THE PHYSICAL, MENTAL, SOCIAL, AND SPIRITUAL REQUIREMENTS OF EACH INDIVIDUAL. WESTHILLS CONTINUES TO TAKE A LEADERSHIP ROLE IN ASSESSING THE RETIREMENT AND HEALTH CARE NEEDS OF THE COMMUNITY AT LARGE. RESPONDING TO THOSE NEEDS ENHANCES THE STATUS AND IMAGE OF WESTHILLS WHILE IMPROVING THE COMMUNITY'S QUALITY OF LIFE. WESTHILLS HAS A 44 BED HEALTH CARE UNIT AND A 52 BED HEALTH CARE UNIT, NEARLY 230 INDEPENDENT LIVING UNITS ALONG WITH A COMMONS AREA FOR RESIDENTS, AND 44 ASSISTED LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Reinicke CEO | Officer | 40 | $302,853 |
Megan Tryon Clinical Dir | 40 | $106,995 | |
Jessica Spencer Administrato | $102,948 | ||
Leah Bifulco CFO | Officer | 40 | $91,710 |
Deb Mudge Vice Preside | OfficerTrustee | 2 | $0 |
Barbara Anderson Lewis President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wolff's Plumbing And Heating Inc Construction | 9/29/22 | $3,612,545 |
Aegis Therapies Inc Therapy | 9/29/22 | $1,263,890 |
Skyline Engineering Llc Construction | 9/29/22 | $115,419 |
Seco Construction Inc Construction | 9/29/22 | $1,789,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $130,370 |
| Government grants | $192,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,409 |
| Noncash contributions included in lines 1a–1f | $5,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,272 |
| Total Program Service Revenue | $22,052,281 |
| Investment income | $1,598,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $942,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,029,434 |
| 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. | $640,252 |
| Compensation of current officers, directors, key employees. | $128,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,801,416 |
| Pension plan accruals and contributions | $282,395 |
| Other employee benefits | $2,248,750 |
| Payroll taxes | $662,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,379 |
| Fees for services: Accounting | $40,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $207,214 |
| Fees for services: Other | $2,649,101 |
| Advertising and promotion | $256,595 |
| Office expenses | $206,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,359,084 |
| Travel | $34,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,909 |
| Interest | $1,292,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,657,055 |
| Insurance | $459,819 |
| All other expenses | $0 |
| Total functional expenses | $24,356,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,310,058 |
| Savings and temporary cash investments | $241,318 |
| Pledges and grants receivable | $3,597 |
| Accounts receivable, net | $2,202,489 |
| 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 | $170,000 |
| Net Land, buildings, and equipment | $47,841,777 |
| Investments—publicly traded securities | $70,207,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,977,184 |
| Accounts payable and accrued expenses | $5,026,191 |
| Grants payable | $0 |
| Deferred revenue | $25,888,735 |
| Tax-exempt bond liabilities | $34,112,010 |
| 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 | $0 |
| Total liabilities | $65,026,936 |
| Net assets without donor restrictions | $57,950,248 |
| 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 | $122,977,184 |
Peer Organizations
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|---|---|---|
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Presbyterian Homes Of Arden Hills Inc Roseville, MN | $68,220,110 | $29,055,542 |
Colonial Acres Home Inc Minneapolis, MN | $44,505,030 | $24,567,557 |
Minnesota Masonic Home Care Center Bloomington, MN | $30,061,653 | $29,200,433 |
Walker Methodist Health Center Inc Minnetonka, MN | $38,407,480 | $30,508,941 |
Glenn Catholic Senior Communities Inc Plymouth, MN | $61,465,775 | $25,015,107 |
Stonehill Franciscan Services Dubuque, IA | $38,832,179 | $25,680,580 |
Presbyterian Retirement Village Of Rapid City Inc Rapid City, SD | $122,977,184 | $26,029,434 |
Baptist Home Association Of The Rocky Mountain Inc Eden Prairie, MN | $30,380,722 | $22,076,103 |
Intergenerational Living & Health Care Inc Chaska, MN | $50,605,507 | $24,695,201 |