Frasier Meadows Manor Inc
- Assets
- $252.3m
- Revenue
- $40.7m
- Investments
- $0.0
- Employees
- 444
- Location
- Boulder, CO
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 84-0503809
Organization Overview
Frasier Meadows Manor Inc, operating under the name Frasier, is located in Boulder, CO. The organization was established in 1964. 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 06/2022, Frasier employed 444 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frasier 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 06/2022, Frasier generated $40.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $41.1m during the year ending 06/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO SENIOR CITIZENS THROUGH A RETIREMENT FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRASIER MEADOWS MANOR IS TAX-EXEMPT CONTINUING CARE RETIREMENT COMMUNITY OPERATED TO FURTHER THE VISION AND MISSION OF THE UNITED METHODIST CHURCH AS EXPRESSED BY ITS GENERAL BOARD OF DISCIPLESHIP THROUGH THE METHODIST CENTER ON AGING AND OLDER ADULT MINISTRIES. THE FACILITY INCLUDES INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING CARE, WHICH INCLUDES INDEPENDENT AND ASSISTED RESIDENTIAL COMPETENCY SUPPORT, MEAL SERVICES, CHAPLAINCY PROGRAM WITH OPPORTUNITIES FOR SPIRITUAL GROWTH AND SUPPORT, AND RECREATIONAL AND THERAPEUTIC ACTIVITIES. THE FACILITIES AND PROGRAMS ARE DESIGNED TO MEET THE UNIQUE NEEDS OF SENIORS FOR FINANCIAL SECURITY, CONSISTENCY AND ACCESSIBLE HEALTHCARE, AND TO ENHANCE OPPORTUNITIES FOR INDEPENDENT "AGING IN PLACE". STATISTICAL INFORMATION IS AVAILABLE UPON REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Johnson President & CEO | Officer | 40 | $450,610 |
Nikki Lewis CFO | Officer | 40 | $274,061 |
David Slack Chief Strategy Officer | Officer | 40 | $270,533 |
Colleen Ryan Mallon VP Of Marketing/philanthropy | 40 | $223,629 | |
Michelle Macparland VP Of Health | Officer | 40 | $216,212 |
Thomas Mendez VP Of Wellness & Communications | 40 | $199,812 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dg Construction Construction | 6/29/22 | $1,937,342 |
Morrison Community Living Dining Services Management | 6/29/22 | $921,095 |
Harris Dewart Llc Construction | 6/29/22 | $681,710 |
Pinkard Construction Construction | 6/29/22 | $1,195,079 |
Haynes Mechanical Systems Hvac Management | 6/29/22 | $734,318 |
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 | $1,140,707 |
| Noncash contributions included in lines 1a–1f | $132,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,707 |
| Total Program Service Revenue | $39,577,758 |
| Investment income | $1,781,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $221,205 |
| Net Gain/Loss on Asset Sales | -$1,988,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,732,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| 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. | $1,394,361 |
| Compensation of current officers, directors, key employees. | $460,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,379,757 |
| Pension plan accruals and contributions | $164,589 |
| Other employee benefits | $1,461,936 |
| Payroll taxes | $962,421 |
| Fees for services: Management | $982,175 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,410 |
| Fees for services: Other | $712,750 |
| Advertising and promotion | $164,396 |
| Office expenses | $506,238 |
| Information technology | $593,085 |
| Royalties | $0 |
| Occupancy | $5,576,554 |
| Travel | $77,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,463 |
| Interest | $5,320,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,513,777 |
| Insurance | $765,721 |
| All other expenses | $199,357 |
| Total functional expenses | $41,062,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,802,763 |
| Savings and temporary cash investments | $1,530,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $704,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,028 |
| Prepaid expenses and deferred charges | $371,683 |
| Net Land, buildings, and equipment | $179,110,553 |
| Investments—publicly traded securities | $64,857,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,857,548 |
| Total assets | $252,296,856 |
| Accounts payable and accrued expenses | $6,569,107 |
| Grants payable | $0 |
| Deferred revenue | $82,577,059 |
| Tax-exempt bond liabilities | $119,433,783 |
| Escrow or custodial account liability | $18,658,469 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,585,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,410,663 |
| Total liabilities | $237,234,407 |
| Net assets without donor restrictions | $13,840,326 |
| Net assets with donor restrictions | $1,222,123 |
| 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 | $252,296,856 |
Grants Awarded
Over the last fiscal year, Frasier Meadows Manor Inc has awarded $90,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: EMERGENCY HOUSING FUNDS | $20,000 |
Longmont, CO PURPOSE: GENERAL SUPPORT | $15,000 |
BOULDER OLDER ADULT SERVICES PURPOSE: GENERAL SUPPORT | $15,000 |
PURPOSE: SPONSOR THE WALK TO END ALZHEIMER'S | $15,000 |
BOULDER COUNTY AREA AGENCY ON AGING PURPOSE: GENERAL SUPPORT | $15,000 |
LOUISVILLE SENIOR SERVICES PURPOSE: ACTIVITY SCHOLARSHIP PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Frasier Meadows Manor Inc has recieved totaling $42,625.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $19,150 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $10,475 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $10,000 |
The@huntly Foundation Richmond, VA PURPOSE: PROVIDE FUNDS | $2,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $545,245 |
| Net Contributions | $9,150 |
| Other Expense | $77,611 |
| Ending Balance | $476,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Manors Inc Wichita, KS | $184,544,453 | $111,573,289 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
Tempe Life Care Village Inc Tempe, AZ | $225,266,079 | $48,647,054 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Immanuel Caring Ministries Inc Peoria, AZ | $33,992,239 | $28,756,705 |