Frasier Meadows Manor Inc
- Assets
- $246.1m
- Revenue
- $29.3m
- Investments
- $0.0
- Employees
- 432
- Location
- Boulder, CO
- Founding
- 01/1964
- Data as of
- 06/2020
- 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 06/2020, Frasier employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Frasier generated $29.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $35.1m during the year ending 06/2020. While expenses have increased by 7.7% per year over the past 6 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
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 ENAHNCE 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 | $314,089 |
David Slack Chief Strategy Officer | Officer | 40 | $209,299 |
Lesley Radocy VP Of Wellness & Communications | 40 | $167,526 | |
Nikki Lewis CFO | Officer | 40 | $163,844 |
Michelle Macparland VP Of Health | 40 | $147,422 | |
Karla Rikansrud VP Of Philanthropy | 40 | $136,657 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interior Design Associates Inc Design And Furniture | 6/29/20 | $955,310 |
Interface Communications Company Communications | 6/29/20 | $1,026,212 |
Morrison Community Living Dining Services | 6/29/20 | $844,750 |
Pinkard Construction Construction | 6/29/20 | $36,923,784 |
Superior Roofing Roof Replacement | 6/29/20 | $988,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,544 |
| Investment income | $810,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,203 |
| Net Gain/Loss on Asset Sales | $135,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,324,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $33,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $758,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,092,604 |
| Pension plan accruals and contributions | $202,411 |
| Other employee benefits | $1,335,826 |
| Payroll taxes | $854,190 |
| Fees for services: Management | $1,045,412 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,600 |
| Fees for services: Other | $358,600 |
| Advertising and promotion | $132,007 |
| Office expenses | $509,226 |
| Information technology | $327,547 |
| Royalties | $0 |
| Occupancy | $4,317,202 |
| Travel | $64,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,983 |
| Interest | $4,712,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,008,670 |
| Insurance | $489,081 |
| All other expenses | $0 |
| Total functional expenses | $35,149,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,904,615 |
| Savings and temporary cash investments | $5,744,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,910 |
| Prepaid expenses and deferred charges | $257,959 |
| Investments—publicly traded securities | $46,438,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,160 |
| Total assets | $246,137,552 |
| Accounts payable and accrued expenses | $5,600,234 |
| Grants payable | $0 |
| Deferred revenue | $74,554,748 |
| Tax-exempt bond liabilities | $131,740,890 |
| Escrow or custodial account liability | $15,815,854 |
| 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 | $855,883 |
| Total liabilities | $228,567,609 |
| 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 | $17,569,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frasier Meadows Manor Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The@huntly Foundation Richmond, VA PURPOSE: PROVIDE FUNDS | $2,000 |
Endowment Analysis
| Beg. Balance | $410,381 |
| Earnings | $17,735 |
| Net Contributions | $8,194 |
| Other Expense | $8,833 |
| Ending Balance | $427,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Manors Inc Wichita, KS | $183,420,716 | $110,420,779 |
Wind Crest Inc Highlands Ranch, CO | $613,475,566 | $81,043,901 |
Tempe Life Care Village Inc Tempe, AZ | $175,323,045 | $48,724,645 |
Lakeview Village Inc Lenexa, KS | $135,899,688 | $48,001,093 |
Bethesda Foundation Colorado Springs, CO | $97,114,052 | $36,355,879 |
La Posada At Park Centre Inc Green Valley, AZ | $159,032,094 | $44,221,016 |
Bslc Ii Colorado Springs, CO | $100,757,856 | $36,425,370 |
Frasier Meadows Manor Inc Boulder, CO | $246,137,552 | $29,324,723 |
Beatitudes Campus Of Care Phoenix, AZ | $122,521,541 | $31,832,661 |
People Of Faith Inc Sun City, AZ | $244,174,944 | $31,446,939 |
Friendship Retirement Corporation Glendale, AZ | $28,740,744 | $29,092,708 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $94,121,639 | $26,094,031 |