Masonicare At Ashlar Village Inc
- Assets
- $123.2m
- Revenue
- $31.9m
- Investments
- $0.0
- Employees
- 303
- Location
- Wallingford, CT
- Founding
- 07/1982
- Data as of
- 09/2023
- EIN
- 06-1050830
Organization Overview
Masonicare At Ashlar Village Inc is located in Wallingford, CT. The organization was established in 1982. 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, Masonicare At Ashlar Village Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonicare At Ashlar Village 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 09/2023, Masonicare At Ashlar Village Inc generated $31.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $27.0m during the year ending 09/2023. While expenses have increased by 2.5% 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
CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING BOTH INDEPENDENT AND ASSISTED LIVING TO PEOPLE AGED 55 AND OVER
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONICARE AT ASHLAR VILLAGE IS A CONTINUING CARE RETIREMENT AND ASSISTED LIVING COMMUNITY. THE RETIREMENT COMMUNITY CONSISTS OF 243 APARTMENTS, 72 COTTAGES AND 40 VILLAS. THE OCCUPANCY PERCENTAGE FOR THE FISCAL YEAR ENDING SEPTEMBER 2023 WAS 90.5%. THE ASSISTED LIVING FACILITY (POND RIDGE) CONSISTS OF 134 UNITS. THE OCCUPANCY PERCENTAGE FOR THE FISCAL YEAR ENDING SEPTEMBER 2023 WAS 86.0%. MASONICARE AT ASHLAR VILLAGE PROVIDES HEALTHCARE SERVICES WHICH PROMOTE HEALTH, WELLNESS AND A HIGH QUALITY OF LIFE FOR ALL RESIDENTS IN AN INDEPENDENT AND/OR ASSISTED LIVING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director Thru 03/31/23 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abr Construction Inc Construction | 9/29/23 | $770,763 |
Heritage Floor Covering Company Flooring Contractor | 9/29/23 | $532,368 |
Morrison Management Specialsts Inc Dietary Services | 9/29/23 | $457,794 |
The Worx Group Llc Marketing | 9/29/23 | $438,589 |
Precision Landscaping Landscape Contractor | 9/29/23 | $315,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $188,823 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,823 |
| Total Program Service Revenue | $28,609,521 |
| Investment income | $2,061,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,984 |
| 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 | $31,914,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,079 |
| Grants and other assistance to domestic individuals. | $27,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $318,462 |
| Compensation of current officers, directors, key employees. | $318,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,713,383 |
| Pension plan accruals and contributions | $273,784 |
| Other employee benefits | $1,182,594 |
| Payroll taxes | $499,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,780 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $2,613 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,217,107 |
| Advertising and promotion | $458,909 |
| Office expenses | $78,395 |
| Information technology | $358,687 |
| Royalties | $0 |
| Occupancy | $1,875,166 |
| Travel | $12,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,771 |
| Interest | $4,097,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,588,977 |
| Insurance | $398,622 |
| All other expenses | $97,035 |
| Total functional expenses | $26,982,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $910 |
| Savings and temporary cash investments | $826,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,581,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,956 |
| Prepaid expenses and deferred charges | $97,040 |
| Net Land, buildings, and equipment | $65,139,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,593,500 |
| Intangible assets | $0 |
| Other assets | $29,947,500 |
| Total assets | $123,206,882 |
| Accounts payable and accrued expenses | $2,095,574 |
| Grants payable | $0 |
| Deferred revenue | $37,483,612 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,045,963 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,593,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $268,717 |
| Total liabilities | $66,487,616 |
| Net assets without donor restrictions | $56,719,266 |
| 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 | $123,206,882 |
Grants Awarded
Over the last fiscal year, Masonicare At Ashlar Village Inc has awarded $33,293 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASONIC CHARITY FOUNDATION OF CT PURPOSE: Donation | $28,093 |
TOWN OF WALLINGFORD FIRE SERV PURPOSE: Donation | $5,200 |