Richfield Living
- Assets
- $138.3m
- Revenue
- $32.0m
- Investments
- $0.0
- Employees
- 600
- Location
- Salem, VA
- Founding
- 06/1940
- Data as of
- 09/2021
- EIN
- 54-0534606
Organization Overview
Richfield Living is located in Salem, VA. The organization was established in 1940. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Richfield Living employed 600 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richfield Living 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 09/2021, Richfield Living generated $32.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $41.3m during the year ending 09/2021. 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
HELPING INDIVIDUALS EXPERIENCE LIFE TO THE FULLEST, THROUGH EVERY PHASE OF THEIR JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING INDIVIDUALS EXPERIENCE LIFE TO THE FULLEST, THROUGH EVERY PHASE OF THEIR JOURNEY, BY PROVIDING HIGH-QUALITY SKILLED NURSING CARE, REHABILITATIVE NURSING CARE, ASSISTED LIVING HOUSING AND SERVICES, AND INDEPENDENT LIVING COMMUNITITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cherie Grisso CEO | Officer | 40 | $267,884 |
Sue Lafave Chso Through October 2020 | Officer | 40 | $207,673 |
Yolanda Davis Lpn | 40 | $159,651 | |
William Jones Administrator | 40 | $157,557 | |
Stephanie Scott Controller | 40 | $118,014 | |
Wayne Ferguson Director Of It | 40 | $111,446 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Community Living Dietary | 9/29/21 | $4,622,926 |
Select Rehabilitation Inc Therapy | 9/29/21 | $1,146,578 |
Vista Clinical Diagnostics Lab/covid Testing | 9/29/21 | $1,244,363 |
Gale Healthcare Solutions Nursing Contract Staff | 9/29/21 | $1,234,501 |
Nurse Spring Nursing Contract Staff | 9/29/21 | $1,776,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100 |
| Government grants | $3,246,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,844,140 |
| Total Program Service Revenue | $26,856,585 |
| Investment income | $1,181,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$898,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,030,155 |
| 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. | $600,275 |
| Compensation of current officers, directors, key employees. | $600,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,600,148 |
| Pension plan accruals and contributions | $196,293 |
| Other employee benefits | $3,458,000 |
| Payroll taxes | $1,184,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,269 |
| Fees for services: Accounting | $70,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,992 |
| Advertising and promotion | $427,824 |
| Office expenses | $414,244 |
| Information technology | $636,071 |
| Royalties | $0 |
| Occupancy | $1,469,207 |
| Travel | $11,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,889,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,319,519 |
| Insurance | $407,489 |
| All other expenses | $455,810 |
| Total functional expenses | $41,328,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,158,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $120,498 |
| Accounts receivable, net | $2,798,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,192 |
| Prepaid expenses and deferred charges | $658,894 |
| Net Land, buildings, and equipment | $110,938,886 |
| Investments—publicly traded securities | $21,347,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,031 |
| Total assets | $138,338,925 |
| Accounts payable and accrued expenses | $4,909,825 |
| Grants payable | $0 |
| Deferred revenue | $680,804 |
| Tax-exempt bond liabilities | $36,899,527 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $91,614,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $242,486 |
| Total liabilities | $134,347,221 |
| Net assets without donor restrictions | $2,923,108 |
| Net assets with donor restrictions | $1,068,596 |
| 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 | $138,338,925 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richfield Living has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Gap Foundation San Francisco, CA PURPOSE: FOR CIVIC & COMMUNITY ENGAGEMENT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guardian Foundation Inc Ooltewah, TN | $123,931,118 | $121,502,183 |
Charlestown Community Inc Baltimore, MD | $306,805,066 | $94,859,354 |
Hebrew Home Of Greater Washington Inc Rockville, MD | $285,489,018 | $90,628,808 |
Stella Maris Inc Timonium, MD | $102,309,859 | $70,381,069 |
Ocoee Foundation Inc Cleveland, TN | $61,804,087 | $65,905,921 |
Brooke Grove Foundation Inc Sandy Spring, MD | $77,483,893 | $56,285,536 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Keswick Multi Care Center Inc Baltimore, MD | $21,425,413 | $33,875,242 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |