Immanuel Retirement Communities
- Assets
- $159.4m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 47-0799108
Organization Overview
Immanuel Retirement Communities, operating under the name Immanuel Communities, is located in Omaha, NE. The organization was established in 1997. 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. Immanuel Communities 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, Immanuel Communities generated $37.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $37.9m during the year ending 06/2021. While expenses have increased by 2.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRIST-CENTERED SERVICE TO SENIORS, EACH OTHER AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMANUEL RETIREMENT COMMUNITIES (IRC) IS ORGANIZED TO CONSTRUCT, OPERATE, AND MAINTAIN FACILITIES AND RELATED PROGRAMS TO MEET THE PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, AND RELIGIOUS NEEDS OF AGED PERSONS. IRC OFFERS PASTOR SERVICES, WELLNESS PROGRAMS AND COURTYARD MANAGEMENT SERVICES. CURRENTLY OWNED OR MANAGED RETIREMENT COMMUNITIES INCLUDE THE FOLLOWING: IMMANUEL VILLAGE - 98 UNIT INDEPENDENT RETIREMENT COMMUNITY - 36 UNIT ASSISTED LIVING FACILITYLAKESIDE VILLAGE - 107 UNIT INDEPENDENT RETIREMENT COMMUNITY - 61 UNIT ASSISTED LIVING FACILITYTRINITY VILLAGE - 40 UNIT INDEPENDENT RETIREMENT COMMUNITY - 30 UNIT ASSISTED LIVING FACILITYTHE LANDING AT WILLIAMSBURG - 90 UNIT INDEPENDENT RETIREMENT COMMUNITY - 48 UNIT ASSISTED LIVING FACILITYPACIFIC SPRINGS VILLAGE - 67 UNIT INDEPENDENT RETIREMENT COMMUNITY - 52 PATIO HOMES - 24 UNIT ASSISTED LIVING FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Nichols Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Jane Tonniges Chair | OfficerTrustee | 0.3 | $0 |
Cindy Alloway Vice Chair | OfficerTrustee | 0.3 | $0 |
Eric N Gurley President & CEO | Officer | 6 | $0 |
Julie Paladino-Kaminski Senior Vp/coo | Officer | 4 | $0 |
Scott Bear VP & CFO | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $96,853 |
| Government grants | $750,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,933 |
| Total Program Service Revenue | $33,334,721 |
| Investment income | $2,184,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,767 |
| Net Gain/Loss on Asset Sales | $434,075 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,993,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60 |
| 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. | $292,436 |
| Compensation of current officers, directors, key employees. | $292,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,630,630 |
| Pension plan accruals and contributions | $434,807 |
| Other employee benefits | $2,396,392 |
| Payroll taxes | $770,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74 |
| Fees for services: Accounting | $38,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,794 |
| Fees for services: Other | $1,621,134 |
| Advertising and promotion | $423,090 |
| Office expenses | $2,230,381 |
| Information technology | $64,882 |
| Royalties | $0 |
| Occupancy | $2,518,030 |
| Travel | $46,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,208,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,789,963 |
| Insurance | $620,701 |
| All other expenses | $0 |
| Total functional expenses | $37,893,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $8,178,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,111 |
| 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 | $100 |
| Net Land, buildings, and equipment | $72,722,989 |
| Investments—publicly traded securities | $16,819,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,275,760 |
| Total assets | $159,357,540 |
| Accounts payable and accrued expenses | $5,701,730 |
| Grants payable | $0 |
| Deferred revenue | $5,837,126 |
| Tax-exempt bond liabilities | $154,630,464 |
| 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 | $43,677,520 |
| Total liabilities | $209,846,840 |
| Net assets without donor restrictions | -$50,489,300 |
| 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 | $159,357,540 |
Grants Awarded
Over the last fiscal year, Immanuel Retirement Communities has awarded $22,016 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: PROGRAM SUPPORT | $13,016 |
Omaha, NE PURPOSE: PROGRAM SUPPORT | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Immanuel Retirement Communities has recieved totaling $96,853.
| Awarding Organization | Amount |
|---|---|
Immanuel Community Foundation Omaha, NE PURPOSE: MAINTAIN FACILITIES AND SUPPORT THE PROGRAMS FOR RESIDENTS | $96,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tallgrass Creek Inc Overland Park, KS | $320,564,283 | $44,877,675 |
Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |