Christwood
- Assets
- $73.5m
- Revenue
- $25.9m
- Investments
- $21.9m
- Employees
- 389
- Location
- Covington, LA
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 72-1192571
Organization Overview
Christwood is located in Covington, LA. The organization was established in 1992. 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 12/2023, Christwood employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christwood 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 12/2023, Christwood generated $25.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $24.5m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
TO PROVIDE HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY CONTAINING APARTMENTS AND A HEALTH-CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Collett Board Member | Trustee | 0.75 | $0 |
Timothy J Cutt Board Member | Trustee | 0.75 | $0 |
Richard W Cryar Board Member | Trustee | 0.75 | $0 |
Michael A Cushman Board Member | Trustee | 0.75 | $0 |
Seth Donald Board Member | Trustee | 0.75 | $0 |
Patti Ellish President | OfficerTrustee | 1.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliant Group Lp Tax Credit Consulting | 12/30/23 | $730,340 |
Quality Care Rehab Therapy | 12/30/23 | $694,635 |
Mcmath Construction Construction | 12/30/23 | $409,521 |
Garden Spot Nursery Llc Lawn Care | 12/30/23 | $147,802 |
Greenbrier Senior Living Llc Conultants - Management Off-site | 12/30/23 | $308,312 |
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 | $380,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,224 |
| Total Program Service Revenue | $23,901,684 |
| Investment income | $824,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $795,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,901,739 |
| 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. | $545,263 |
| Compensation of current officers, directors, key employees. | $85,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,026,304 |
| Pension plan accruals and contributions | $206,389 |
| Other employee benefits | $1,024,973 |
| Payroll taxes | $818,299 |
| Fees for services: Management | $269,998 |
| Fees for services: Legal | $26,429 |
| Fees for services: Accounting | $106,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $237,755 |
| Advertising and promotion | $396,451 |
| Office expenses | $7,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,040,609 |
| Travel | $17,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,428 |
| Interest | $1,365,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,815,928 |
| Insurance | $1,029,716 |
| All other expenses | $428,539 |
| Total functional expenses | $24,487,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,545,845 |
| Savings and temporary cash investments | $1,317,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,641,874 |
| 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 | $667,276 |
| Net Land, buildings, and equipment | $44,349,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,918,794 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,296 |
| Total assets | $73,507,181 |
| Accounts payable and accrued expenses | $2,506,046 |
| Grants payable | $0 |
| Deferred revenue | $26,039,355 |
| Tax-exempt bond liabilities | $24,028,152 |
| 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 | $30,863,230 |
| Total liabilities | $83,436,783 |
| Net assets without donor restrictions | -$9,929,602 |
| 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 | $73,507,181 |