La Posada At Park Centre Inc
- Assets
- $182.1m
- Revenue
- $48.0m
- Investments
- $1.2m
- Employees
- 759
- Location
- Green Valley, AZ
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 86-0828160
Organization Overview
La Posada At Park Centre Inc is located in Green Valley, AZ. The organization was established in 1996. 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, LA Posada At Park Centre Inc employed 759 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Posada At Park Centre 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, LA Posada At Park Centre Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $41.8m during the year ending 12/2021. While expenses have increased by 2.2% 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.
Since 2014, LA Posada At Park Centre Inc has awarded 22 individual grants totaling $941,162. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND HEALTHCARE FOR SENIORS. LA POSADA MAXIMIZES THE HEALTH AND WELL-BEING OF SENIORS.
Describe the Organization's Program Activity:
LA POSADA PROVIDED INDEPENDENT APARTMENT AND GARDEN HOME HOUSING WITH DAILY MEALS, CAMPUS CASE MANAGEMENT, ON-CALL EMERGENCY SECURITY & NURSING, WELLNESS CLINICS, HOUSEKEEPING AND LAUNDRY SERVICES, MAINTENANCE SERVICES, TRANSPORTATION, SPECIAL FUNCTIONS, AND ACTIVITIES TO 733 RESIDENTS, WHOSE AVERAGE AGE WAS 85.
LA POSADA PROVIDED ASSISTED LIVING SUITES TO 204 INDIVIDUALS PROVIDING THEM MORE HEALTH CARE AND ASSISTANCE WITH DAILY ACTIVITIES THAN NEEDED BY THOSE INDIVIDUALS IN THE INDEPENDENT HOUSING. THIS INCLUDES 37 PEOPLE IN A DEDICATED MEMORY CARE FACILITY, 55 IN HIGH ACUITY FACILITY, AND 112 IN A SOCIAL CARE FACILITY.
HOME AND COMMUNITY BASED, THE ORGANIZATION PROVIDED 2,917 PERSON DAYS OF ADULT DAY CARE ON SITE FOR MENTALLY FRAIL ELDERLY; PROVIDED 10,378 NO CHARGE SENIOR LUNCHES ON SITE; PROVIDED 8,142 DAYS OF CHILD CARE ON SITE; PROVIDED 9,588 SEARCHES FOR WELL-BEING, MEAL ASSISTANCE & PHYSICAL EXERCISE AND PROVIDED 477 COUNSELING SESSIONS ON SITE. MANY SERVICES ARE SUBSIDIZED BY GRANTS AND DONATIONS AS WELL. THE COMMUNITY CONNECT APPLICATION FOR THE SMART PHONE HAD 4,613 USERS CONNECTING PEOPLE TO AVAILABLE SERVICES IN GREEN VALLEY.
OUTPATIENT CARE WAS PROVIDED FOR 750 PATIENTS AND MORE THAN 30,000 UNITS OF OUTPATIENT THERAPY.EXPENSES: $799,980 REVENUE: $790,796LA POSADA FOUNDATION IS INTEGRATED WITH THE OPERATING COMPANY, AND FUNCTIONS AS A PUBLIC FOUNDATION. THE PURPOSE OF THE FOUNDATION IS TO ACCEPT DONATIONS THAT MAY BE USED TO FURTHER THE MISSION OF LA POSADA TO MAXIMIZE THE WELL-BEING AND CARE ON THE SENIORS.GRANTS: $565,825
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joni Condit President/ceo | OfficerTrustee | 50 | $361,807 |
Paul S Ide Sr Vp/cfo/cio | Officer | 50 | $279,312 |
Jim Casanova Sr VP Hr/foundation | Officer | 50 | $172,310 |
Steve Kolnacki Exec Dir Operations | 50 | $166,045 | |
Paul Loomans VP Marketing | 40 | $149,689 | |
Jerry Weygint Dir Info Technology | 40 | $117,012 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Arizona Food Service | 12/30/21 | $1,624,143 |
Waxie Sanitary Janitorial | 12/30/21 | $203,526 |
Unwired Engineering It Consulting | 12/30/21 | $215,026 |
Ukg Dba The Ultimate Software It Consulting | 12/30/21 | $202,472 |
Merit Foods Of Arizona Food Service | 12/30/21 | $429,823 |
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 | $1,567,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,567,306 |
| Total Program Service Revenue | $41,441,672 |
| Investment income | $1,108,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,077,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,958,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $216,226 |
| Grants and other assistance to domestic individuals. | $349,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,022,849 |
| Compensation of current officers, directors, key employees. | $328,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,262,540 |
| Pension plan accruals and contributions | $525,958 |
| Other employee benefits | $3,029,464 |
| Payroll taxes | $1,310,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,923 |
| Fees for services: Accounting | $77,870 |
| Fees for services: Lobbying | $2,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $275,643 |
| Fees for services: Other | $0 |
| Advertising and promotion | $267,456 |
| Office expenses | $8,198,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,578,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $673,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,281,485 |
| Insurance | $677,923 |
| All other expenses | $0 |
| Total functional expenses | $41,779,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,651,699 |
| Savings and temporary cash investments | $1,717,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,458,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,039 |
| Prepaid expenses and deferred charges | $205,801 |
| Net Land, buildings, and equipment | $105,089,471 |
| Investments—publicly traded securities | $57,783,279 |
| Investments—other securities | $1,246,130 |
| Investments—program-related | $597,564 |
| Intangible assets | $0 |
| Other assets | $262,647 |
| Total assets | $182,054,249 |
| Accounts payable and accrued expenses | $3,544,412 |
| Grants payable | $0 |
| Deferred revenue | $96,551,135 |
| 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 | $15,037,607 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,999,846 |
| Total liabilities | $119,133,000 |
| Net assets without donor restrictions | $55,440,838 |
| Net assets with donor restrictions | $7,480,411 |
| 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 | $182,054,249 |
Grants Awarded
Over the last fiscal year, La Posada At Park Centre Inc has awarded $208,495 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREEN VALLEY FIRE DISTRICT PURPOSE: COMMUNITY SERVICE | $91,000 |
Sahuarita, AZ PURPOSE: COMMUNITY SERVICE | $54,995 |
Tucson, AZ PURPOSE: COMMUNITY SERVICE | $32,500 |
Tucson, AZ PURPOSE: COMMUNITY SERVICE | $20,000 |
Tucson, AZ PURPOSE: COMMUNITY SERVICE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that La Posada At Park Centre Inc has recieved totaling $75,044.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $62,000 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ PURPOSE: GENERAL USE | $13,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Endowment Analysis
| Beg. Balance | $5,399,000 |
| Earnings | $559,000 |
| Net Contributions | $34,000 |
| Other Expense | $372,000 |
| Ending Balance | $5,620,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Socal Duarte, CA | $306,047,961 | $119,573,837 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
Sequoia Living Inc San Francisco, CA | $412,512,571 | $125,018,618 |
Jewish Home San Francisco, CA | $286,369,109 | $101,598,879 |
Community Eldercare Of San Diego San Diego, CA | $76,291,474 | $103,929,835 |
Center For Elders Independence Oakland, CA | $163,334,060 | $110,881,645 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Motion Picture And Television Fund Woodland Hills, CA | $117,551,107 | $62,254,849 |
Institute On Aging San Francisco, CA | $58,432,886 | $66,846,262 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,699,459 | $60,276,801 |
Tempe Life Care Village Inc Tempe, AZ | $225,266,079 | $48,647,054 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |