Episcopal Retirement Communities
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Bremerton, WA
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 91-1094735
Organization Overview
Episcopal Retirement Communities is located in Bremerton, WA. The organization was established in 1980. 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 12/2021, Episcopal Retirement Communities employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Retirement Communities 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, Episcopal Retirement Communities generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 2.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN AFFORDABLE RETIREMENT COMMUNITY FOR SENIORS 62 AND OLDER
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPISCOPAL RETIREMENT COMMUNITIES BUILDS AND OPERATES SENIOR RESIDENTIAL COMMUNITIES THAT PROVIDE QUALITY HOUSING, RECREATION AND WELLNESS SERVICES TO PERSONS OF A VARIETY OF INCOME LEVELS. CURRENTLY, ERC OPERATES CANTERBURY MANOR, AN INDEPENDENT SENIOR COMMUNITY & ST ANDREW'S PLACE, AN ASSISTED LIVING COMMUNITY, AND, PROVIDES FUNDING FOR FUTURE SUPPORT, GROWTH, AND SERVICES. ERC ACQUIRED TWO PIECES OF PROPERTY IN 2020 AND IS LOOKING FORWARD TO EXPANDING SERVICES TO SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Maine Ceo/president | OfficerTrustee | 40 | $136,564 |
Collum Liska Chair | OfficerTrustee | 2 | $0 |
Debra Thompson Vice Chair | OfficerTrustee | 2 | $0 |
Charla Conner Secretary | OfficerTrustee | 2 | $0 |
George Robertson Director | Trustee | 2 | $0 |
James Husband Director | Trustee | 2 | $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 | $171,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,018 |
| Total Program Service Revenue | $2,219,577 |
| Investment income | $1,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,249 |
| 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. | $170,968 |
| Compensation of current officers, directors, key employees. | $93,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $576,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,316 |
| Payroll taxes | $65,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,640 |
| Advertising and promotion | $22,182 |
| Office expenses | $6,695 |
| Information technology | $6,381 |
| Royalties | $0 |
| Occupancy | $319,803 |
| Travel | $16,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $552 |
| Interest | $43,338 |
| Payments to affiliates | $201,400 |
| Depreciation, depletion, and amortization | $227,389 |
| Insurance | $68,191 |
| All other expenses | $0 |
| Total functional expenses | $2,167,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,767 |
| Savings and temporary cash investments | $607,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,185 |
| 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 | $37,679 |
| Net Land, buildings, and equipment | $2,695,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $508,593 |
| Total assets | $4,489,756 |
| Accounts payable and accrued expenses | $113,754 |
| Grants payable | $0 |
| Deferred revenue | $83,619 |
| 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 | $870,241 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,500 |
| Total liabilities | $1,161,114 |
| Net assets without donor restrictions | $3,328,642 |
| 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 | $4,489,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Episcopal Retirement Communities has recieved totaling $80.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |
Northaven Inc Seattle, WA | $5,372,025 | $2,957,212 |
Christ The King Community Outreach Tacoma, WA | $5,977,714 | $3,001,380 |
Southeast Alaska Independent Living Inc Juneau, AK | $2,403,466 | $3,080,871 |
Hilltop House Inc Seattle, WA | $9,641,333 | $2,325,535 |
North Pacific Homes Inc Gresham, OR | $10,764,437 | $2,745,999 |