Rogue Valley Manor
- Assets
- $226.3m
- Revenue
- $63.4m
- Investments
- $0.0
- Employees
- 742
- Location
- Medford, OR
- Founding
- 04/1964
- Data as of
- 09/2023
- EIN
- 93-0453216
Organization Overview
Rogue Valley Manor is located in Medford, OR. The organization was established in 1964. 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 09/2023, Rogue Valley Manor employed 742 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rogue Valley Manor 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 09/2023, Rogue Valley Manor generated $63.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $63.9m during the year ending 09/2023. While expenses have increased by 2.8% per year over the past 8 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
RVM IS COMMITED TO ENRICHING THE LIVES OF ITS RESIDENTS IN A CONTINUING CARE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROGUE VALLEY MANOR IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Solmonson Exec Director (through April 2023), Then Director | Officer | 14 | $342,549 |
Melissa Preston Health Services Administrator | 40 | $181,360 | |
Eric Eisenberg Dining Services Director | 40 | $163,247 | |
Drew Gilliland Director Of Facility Services | 40 | $128,991 | |
Catherine Goslin Human Resources Director | 40 | $126,629 | |
Michelle Schmidt Registered Nurse | 40 | $123,651 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aardvark Construction Inc Construction | 9/29/23 | $5,646,627 |
Outlier Construction Llc Construction | 9/29/23 | $3,011,601 |
Adroit Construction Co Inc Construction | 9/29/23 | $252,132 |
Otis Elevator Company Elevator Services | 9/29/23 | $303,884 |
Welburn Electric Electrical Services | 9/29/23 | $265,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $730,803 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $627,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,357,818 |
| Total Program Service Revenue | $60,562,997 |
| Investment income | $1,466,343 |
| Tax Exempt Bond Proceeds | $289,508 |
| Royalties | $0 |
| Net Rental Income | $200,323 |
| Net Gain/Loss on Asset Sales | -$467,855 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,425,609 |
| 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. | $688,575 |
| Compensation of current officers, directors, key employees. | $688,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,064,136 |
| Pension plan accruals and contributions | $1,590,795 |
| Other employee benefits | $3,660,436 |
| Payroll taxes | $1,709,439 |
| Fees for services: Management | $3,987,428 |
| Fees for services: Legal | $56,504 |
| Fees for services: Accounting | $29,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,388 |
| Fees for services: Other | $2,265,286 |
| Advertising and promotion | $317,101 |
| Office expenses | $1,683,905 |
| Information technology | $404,446 |
| Royalties | $0 |
| Occupancy | $4,377,808 |
| Travel | $132,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,534 |
| Interest | $3,454,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,432,071 |
| Insurance | $635,147 |
| All other expenses | $0 |
| Total functional expenses | $63,919,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,046,821 |
| Savings and temporary cash investments | $170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,165,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $615,887 |
| Prepaid expenses and deferred charges | $876,936 |
| Net Land, buildings, and equipment | $159,487,320 |
| Investments—publicly traded securities | $57,049,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,051,778 |
| Total assets | $226,293,514 |
| Accounts payable and accrued expenses | $5,440,894 |
| Grants payable | $0 |
| Deferred revenue | $84,910,406 |
| Tax-exempt bond liabilities | $76,062,814 |
| Escrow or custodial account liability | $12,056,152 |
| 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 | $1,905,529 |
| Total liabilities | $180,375,795 |
| Net assets without donor restrictions | $43,858,825 |
| Net assets with donor restrictions | $2,058,894 |
| 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 | $226,293,514 |