Sun Health Grandview Terrace
- Assets
- $62.5m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 311
- Location
- Sun City West, AZ
- Founding
- 10/2019
- Data as of
- 06/2020
- EIN
- 83-2576991
Organization Overview
Sun Health Grandview Terrace is located in Sun City West, AZ. The organization was established in 2019. 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 06/2021, Sun Health Grandview Terrace employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Health Grandview Terrace 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 06/2020, Sun Health Grandview Terrace generated $23.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $22.5m during the year ending 06/2020. While expenses have increased by 23.9% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRANDVIEW TERRACE CHAMPIONS SUPERIOR HEALTH AND WELLBEING THROUGH PHILANTHROPY, INSPIRED LIVING AND WELLNESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE SIX FLOORS OF GRANDVIEW TERRACE, VARIOUS DINING OPTIONS, SALON, BARBERSHOP, DANCE FLOOR, WALKING TRACK, BILLIARDS AND MORE BRING A ROBUST ZEAL TO LIVING FULLY AND INTENTIONALLY. IT, LIKE OUR OTHER COMMUNITIES, PROVIDES CONTINUING LIFE CARE THAT MEETS OUR RESIDENTS' SPIRITUAL, EMOTIONAL, PHYSICAL, MEDICAL, SOCIAL AND INTELLECTUAL NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E La Rue President & CEO | OfficerTrustee | 2 | $0 |
Gerald S Solomon Chairman | OfficerTrustee | 0.5 | $0 |
Patricia Lewis Finnell Vice Chairman | OfficerTrustee | 0.5 | $0 |
Lew Lancaster Treasurer | OfficerTrustee | 0.5 | $0 |
Dean Strycker MD Secretary | OfficerTrustee | 0.5 | $0 |
Vince Benbenek Chief Marketing Officer | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Senior Rehab Solutions Llc Rehabilitation | 6/29/21 | $264,162 |
Albrecht And Son Llc Remodeling | 6/29/21 | $113,617 |
Select Rehabilitation Llc Rehabilitation | 6/29/21 | $113,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,990 |
| Investment income | $11,141 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,188,169 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,289,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $992,877 |
| Payroll taxes | $754,171 |
| Fees for services: Management | $1,046,223 |
| Fees for services: Legal | $51,852 |
| Fees for services: Accounting | $64,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $493,867 |
| Advertising and promotion | $132,883 |
| Office expenses | $155,809 |
| Information technology | $353,308 |
| Royalties | $0 |
| Occupancy | $1,636,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $984,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,289,630 |
| Insurance | $285,376 |
| All other expenses | $0 |
| Total functional expenses | $22,493,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377,938 |
| Savings and temporary cash investments | $1,187,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,220,980 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,136 |
| Prepaid expenses and deferred charges | $455,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,483,785 |
| Accounts payable and accrued expenses | $31,227,769 |
| Grants payable | $0 |
| Deferred revenue | $21,978,697 |
| Tax-exempt bond liabilities | $25,418,189 |
| 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 | $78,624,655 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$16,140,870 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |