Winchester Retirement Place Inc
- Assets
- $3.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Winchester, KY
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 61-1370614
Organization Overview
Winchester Retirement Place Inc is located in Winchester, KY. The organization was established in 2001. 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 12/2021, Winchester Retirement Place Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchester Retirement Place 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 12/2021, Winchester Retirement Place Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ASSISTED LIVING COMMUNITY FOR THE ELDERLY WITH TOWNHOMES FOR SALE AND APARTMENTS FOR RENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ASSISTED LIVING COMMUNITY WITH COTTAGES FOR SALE AND APARTMENTS FOR RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Janes Executive Director | OfficerTrustee | 40 | $89,150 |
Zella Rosenthal Vice President | OfficerTrustee | 0 | $0 |
Chris Davis President | OfficerTrustee | 0 | $0 |
Linda Ormsby Secretary | OfficerTrustee | 0 | $0 |
Ed Mesta Treasurer | OfficerTrustee | 0 | $0 |
Lindrell Blackwell Director | Trustee | 0 | $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 | $26,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,644 |
| Total Program Service Revenue | $1,430,168 |
| Investment income | $4,228 |
| 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 | $455,064 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,948,939 |
| 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. | $89,150 |
| Compensation of current officers, directors, key employees. | $89,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,635 |
| Pension plan accruals and contributions | $17,382 |
| Other employee benefits | $90,304 |
| Payroll taxes | $60,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $20,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $376 |
| Fees for services: Other | $1,722 |
| Advertising and promotion | $67,986 |
| Office expenses | $23,828 |
| Information technology | $15,450 |
| Royalties | $0 |
| Occupancy | $172,865 |
| Travel | $360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,612 |
| Insurance | $103,047 |
| All other expenses | $0 |
| Total functional expenses | $2,144,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,312 |
| Savings and temporary cash investments | $0 |
| 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 | $248,739 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,703,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,055 |
| Total assets | $3,119,321 |
| Accounts payable and accrued expenses | $30,962 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $622,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,951 |
| Total liabilities | $797,498 |
| Net assets without donor restrictions | $1,637,823 |
| Net assets with donor restrictions | $684,000 |
| 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 | $3,119,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winchester Retirement Place Inc has recieved totaling $20,416.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |