Eaton Senior Communities Inc
- Assets
- $3.6m
- Revenue
- $874.3k
- Investments
- $3.1m
- Employees
- 40
- Location
- Lakewood, CO
- Founding
- 05/1998
- Data as of
- 09/2021
- EIN
- 84-1432959
Organization Overview
Eaton Senior Communities Inc is located in Lakewood, CO. The organization was established in 1998. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Eaton Senior Communities Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaton Senior 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 09/2021, Eaton Senior Communities Inc generated $874.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.1m during the year ending 09/2021. While expenses have increased by 17.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES TO OTHER 501(C)(3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES, AND PERFORM RELATED FUNCTIONS FOR AND ON BEHALF OF CORPORATE MEMBERS WHICH ARE EXISTING AFFILIATED 501(C)(3) CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Smart Past President | Officer | 40 | $172,299 |
Diana Delgado President | Officer | 40 | $124,045 |
Rand Moritzky Chair | OfficerTrustee | 4 | $0 |
Jennifer Vagher Vice Chair | OfficerTrustee | 4 | $0 |
Richard Wyse Sec/treasurer | OfficerTrustee | 4 | $0 |
Ben Bryan Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $370,500 |
| 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 | $370,500 |
| Total Program Service Revenue | $321,937 |
| Investment income | $63,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $874,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $681,053 |
| 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. | $73,209 |
| Compensation of current officers, directors, key employees. | $18,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,662 |
| Payroll taxes | $10,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,882 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,918 |
| Fees for services: Other | $1,975 |
| Advertising and promotion | $1,146 |
| Office expenses | $1,083 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,054 |
| All other expenses | $3,646 |
| Total functional expenses | $1,057,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,826 |
| Savings and temporary cash investments | $239,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387 |
| 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 | $4,423 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,145,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,072 |
| Total assets | $3,639,567 |
| Accounts payable and accrued expenses | $356,816 |
| 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 | $0 |
| Total liabilities | $356,816 |
| Net assets without donor restrictions | $3,159,249 |
| Net assets with donor restrictions | $123,502 |
| 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 | $3,639,567 |
Grants Awarded
Over the last fiscal year, Eaton Senior Communities Inc has awarded $681,053 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, CO PURPOSE: TRANSFER OF PPP LOAN FORGIVENESS GRANT | $370,500 |
Lakewood, CO PURPOSE: RELATED PARTY DEBT FORGIVENESS | $310,553 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eaton Senior Communities Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Schlessman Foundation Inc Denver, CO PURPOSE: SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $91,535 |
| Ending Balance | $91,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Housing Equity Group Inc Omaha, NE | $59,910,097 | $16,662,008 |
Futures Through Choices Inc Bountiful, UT | $10,582,295 | $7,389,477 |
Myron Stratton Home Colorado Springs, CO | $251,408,537 | $14,272,121 |
Sand Springs Home Sand Springs, OK | $70,860,771 | $5,861,443 |
Santa Fe Community Housing Tr Santa Fe, NM | $45,526,696 | $6,534,024 |
Leonardville Nursing Home Inc Leonardville, KS | $5,042,716 | $4,665,689 |
Almost Home Inc Brighton, CO | $1,337,785 | $3,547,481 |
Speck Homes Inc Oklahoma City, OK | $1,586,940 | $3,986,679 |
Childrens Service Society Of Utah Salt Lake City, UT | $1,619,939 | $2,896,845 |
Helping Hand Association Inc Salt Lake City, UT | $7,283,183 | $3,969,415 |
Treasure House Glendale, AZ | $9,453,953 | $2,253,912 |
Colorado Village Collaborative Denver, CO | $2,720,131 | $2,665,936 |