Adult Residential Care Services Inc
- Assets
- $2.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Prescott, AZ
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 86-0862303
Organization Overview
Adult Residential Care Services Inc is located in Prescott, AZ. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adult Residential Care Services 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 06/2022, Adult Residential Care Services Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL ALZHEIMERS AND DEMENTIA CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARE FOR CLIENTS WITH ALZHEIMERS AND OTHER DEMENTIAS IN A RESIDENTIAL SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Beyea Chairman | OfficerTrustee | 0.5 | $0 |
Lynn Harris Vice Chairman | OfficerTrustee | 0.5 | $0 |
Michael Geboy Secretary | OfficerTrustee | 0.5 | $0 |
Yvonne Napolitano President & Ed | Officer | 10 | $0 |
Michael White Board Member | Trustee | 0.5 | $0 |
Susan Drysdale Board Member | Trustee | 0.5 | $0 |
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 | $427,165 |
| Noncash contributions included in lines 1a–1f | $1,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,165 |
| Total Program Service Revenue | $2,537,622 |
| Investment income | $16,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,991,142 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,919 |
| Payroll taxes | $128,616 |
| Fees for services: Management | $138,000 |
| Fees for services: Legal | $39,041 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,058 |
| Advertising and promotion | $26,596 |
| Office expenses | $0 |
| Information technology | $2,717 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,698 |
| Insurance | $70,523 |
| All other expenses | $27,627 |
| Total functional expenses | $2,854,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,567 |
| Savings and temporary cash investments | $39,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,751 |
| Prepaid expenses and deferred charges | $4,045 |
| Net Land, buildings, and equipment | $2,204,468 |
| Investments—publicly traded securities | $248,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,608,854 |
| Accounts payable and accrued expenses | $68,745 |
| 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 | $617,500 |
| Total liabilities | $686,245 |
| Net assets without donor restrictions | $1,771,132 |
| Net assets with donor restrictions | $151,477 |
| 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 | $2,608,854 |
Endowment Analysis
| Beg. Balance | $178,604 |
| Earnings | -$26,219 |
| Admin Expense | $908 |
| Ending Balance | $151,477 |
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|---|---|---|
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La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |
Inland Empire Public Facilities Corp San Bernardino, CA | $261,437,273 | $10,603,054 |
Bethany Home Society Of San Joaquin County Inc Ripon, CA | $30,144,807 | $13,682,329 |
El Castillo Retirement Residences Santa Fe, NM | $122,205,602 | $11,771,221 |