La Vida Llena
- Assets
- $152.0m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 369
- Location
- Albuquerque, NM
- Founding
- 01/1981
- Data as of
- 03/2023
- EIN
- 85-0282570
Organization Overview
La Vida Llena is located in Albuquerque, NM. The organization was established in 1981. 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 03/2023, LA Vida Llena employed 369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Vida Llena 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 03/2023, LA Vida Llena generated $28.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $28.9m during the year ending 03/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HOUSING, CARE AND SERVICES TO THE SENIORS OF THE LIFE CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA VIDA LLENA SERVES APPROXIMATELY 400-450 SENIOR RESIDENTS BY PROVIDING HOUSING AND HEALTHCARE IN 361 INDEPENDENT LIVING APARTMENTS; 58 DUALLY CERTIFIED HEALTH CARE BEDS; 77 LICENSED ASSISTED LIVING ROOMS AND MEMORY CARE BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly L Fritz Member | Trustee | 1 | $0 |
Douglas Bailey Member | Trustee | 1 | $0 |
Jack Brayer Member | Trustee | 1 | $0 |
Tom Crow Member | Trustee | 1 | $0 |
Zizi Fritz Treasurer | OfficerTrustee | 1 | $0 |
Bill Miller Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crm Construction Llc Refurbishment Of Units | 3/30/23 | $324,339 |
Daves Grounds Maintenance Inc Grounds Maintenance | 3/30/23 | $212,727 |
Allied Telecom Llc Communication Services | 3/30/23 | $208,681 |
Danny Rodriguez Dba High Voltage Electri Maintenance Services | 3/30/23 | $124,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $48,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,121 |
| Total Program Service Revenue | $27,022,316 |
| Investment income | $1,424,224 |
| Tax Exempt Bond Proceeds | $423,282 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$323,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,782,015 |
| 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. | $519,486 |
| Compensation of current officers, directors, key employees. | $519,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,708,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,026,009 |
| Payroll taxes | $793,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,127 |
| Fees for services: Accounting | $102,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,698 |
| Fees for services: Other | $1,005,219 |
| Advertising and promotion | $329,507 |
| Office expenses | $2,502,300 |
| Information technology | $147,028 |
| Royalties | $0 |
| Occupancy | $1,232,648 |
| Travel | $18,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,928 |
| Interest | $3,676,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,759,318 |
| Insurance | $811,750 |
| All other expenses | $81,841 |
| Total functional expenses | $28,935,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,316,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,030,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,137,290 |
| Inventories for sale or use | $54,177 |
| Prepaid expenses and deferred charges | $402,794 |
| Net Land, buildings, and equipment | $86,065,112 |
| Investments—publicly traded securities | $49,315,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $256,110 |
| Other assets | $433,838 |
| Total assets | $152,012,263 |
| Accounts payable and accrued expenses | $2,217,147 |
| Grants payable | $0 |
| Deferred revenue | $23,750,547 |
| Tax-exempt bond liabilities | $86,778,453 |
| 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 | $27,596,097 |
| Total liabilities | $140,342,244 |
| Net assets without donor restrictions | $11,670,019 |
| 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 | $152,012,263 |