Golden West Communities Inc
- Assets
- $57.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 102
- Location
- Boulder, CO
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 84-0526484
Organization Overview
Golden West Communities Inc is located in Boulder, CO. The organization was established in 1999. 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 12/2021, Golden West Communities Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden West Communities 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, Golden West Communities Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. 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
GOLDEN WEST COMMUNITIES, INC. PROVIDES QUALITY HOUSING AND RELATED SERVICES TO PERSONS AGED 62 AND OLDER IN AN ENVIRONMENT THAT IS SUPPORTIVE OF THE SENIOR RESIDENTS AND THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING APARTMENT RENTALS, ASSISTED LIVING CARE, FOOD SERVICE, SOCIAL ACTIVITIES, WELLNESS PROGRAMS, AND SUPPORTIVE SERVICES FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mccarthy Executive Director | Officer | 40 | $138,021 |
John Hinkelman Board President | OfficerTrustee | 2 | $0 |
Janet Lappen Board Vice President | OfficerTrustee | 2 | $0 |
J Dennis Hynes Board Treasurer | OfficerTrustee | 2 | $0 |
Jacqueline Attlesey-Pries Board Secretary | OfficerTrustee | 2 | $0 |
William Nagel Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Palace Construction Construction | 12/30/20 | $205,148 |
New Horizon Food Services | 12/30/20 | $501,494 |
Kaiser Permanente Healthcare Svcs | 12/30/20 | $280,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| Total Program Service Revenue | $7,030,125 |
| Investment income | $656,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,783,315 |
| 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. | $138,021 |
| Compensation of current officers, directors, key employees. | $138,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,185,597 |
| Pension plan accruals and contributions | $30,040 |
| Other employee benefits | $121,543 |
| Payroll taxes | $92,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $918,714 |
| Advertising and promotion | $1,192 |
| Office expenses | $89,633 |
| Information technology | $9,046 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $524 |
| Interest | $266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,880 |
| Insurance | $8,307 |
| All other expenses | $21,328 |
| Total functional expenses | $3,219,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,073,863 |
| Savings and temporary cash investments | $2,949,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,194,840 |
| Inventories for sale or use | $15,689 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,921,757 |
| Investments—publicly traded securities | $2,069,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,966,158 |
| Total assets | $57,297,086 |
| Accounts payable and accrued expenses | $882,637 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $563,036 |
| Total liabilities | $1,445,673 |
| Net assets without donor restrictions | $55,851,413 |
| 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 | $57,297,086 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden West Communities Inc has recieved totaling $74.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Homes Inc Topeka, KS | $38,028,666 | $24,626,629 |
The Tulsa Jewish Community Retirement And Health Care Center Tulsa, OK | $24,377,632 | $17,313,763 |
Mennonite Board Of Missions & Charities Of Kansas Inc Hesston, KS | $29,196,867 | $18,910,402 |
St Simeons Episcopal Home Inc Tulsa, OK | $25,094,852 | $15,031,463 |
Shalom Park Aurora, CO | $9,949,868 | $15,419,894 |
Kansas Masonic Home Wichita, KS | $41,682,488 | $16,141,019 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |
Florence Home For The Aged Omaha, NE | $5,548,630 | $13,264,591 |
Christian Retirement Homes Inc Lincoln, NE | $30,882,827 | $12,805,842 |
El Castillo Retirement Residences Santa Fe, NM | $122,205,602 | $11,771,221 |