Nottingham Retirement Community Inc
- Assets
- $32.2m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 16-1468628
Organization Overview
Nottingham Retirement Community Inc is located in Syracuse, NY. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nottingham Retirement Community 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 12/2023, Nottingham Retirement Community Inc generated $15.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $20.9m during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 4 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
TO PROVIDE A COMPREHENSIVE PROGRAM OF SERVICE AND SUPPORT FOR RETIRED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESIDENTIAL LIVING FOR INDEPENDENT INDIVIDUALS. THERE WERE 188 RESIDENTS OF THE FACILITY DURING THE YEAR WHO PRIVATELY PAID RENTAL INCOME MONTHLY. SECURE APARTMENTS AND COTTAGES OFFER FULL-SIZE KITCHENS, SECURITY SYSTEM, HOUSEKEEPING AND LAUNDRY SERVICES AND SOCIAL, CULTURAL, AND EDUCATIONAL PROGRAMS.
THE CORPORATION CONSTRUCTED AND LEASES A 40-BED NURSING HOME UNDER THE TERMS OF A CAPITAL LEASE TO AN AFFILIATED ORGANIZATION, NOTTINGHAM RHCF.
THE ORGANIZATION PROVIDES ENRICHED LIVING APARTMENTS TO RESIDENTS WHO REQUIRE ASSISTANCE WITH DAY-TO-DAY TASKS. A STRUCTURED WELLNESS PLAN IS DEVELOPED THAT INCLUDES FOOD SERVICE, MEDICAL ALERT SYSTEM SERVICES, TRANSPORTATION SERVICES, COMMUNICATION SERVICES AND SECURITY AND PERSONAL ASSISTANCE. THESE SERVICES WERE PROVIDED TO 45 RESIDENTS ON A DAILY BASIS.
THE ORGANIZATION OFFERS ADDITIONAL SERVICES INCLUDING MEAL PROGRAMS, LAUNDRY AND HOUSEKEEPING TO RESIDENTS WHO WOULD LIKE THE ASSISTANCE FROM TIME TO TIME BUT NOT ON A DAILY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mccabe Board Member, Chair | OfficerTrustee | 1 | $0 |
Robert J Marzella Board Member, Vice Chair | OfficerTrustee | 1 | $0 |
John R Brennan Board Member, Secretary | OfficerTrustee | 1 | $0 |
Vicki O'neill Board Member | Trustee | 1 | $0 |
Pierre Morrisseau Board Member | Trustee | 1 | $0 |
Elizabeth Quilter Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Special Care Systems Llc Building Rennovations | 12/30/23 | $285,179 |
Provalidus Medical Staffing Llc Contracted Services | 12/30/23 | $155,813 |
Tom Hannan Construction Building Rennovations | 12/30/23 | $153,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,050 |
| Government grants | $73,731 |
| 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 | $77,781 |
| Total Program Service Revenue | $15,440,506 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,542 |
| 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 | $15,537,839 |
| 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 | $6,412,695 |
| Pension plan accruals and contributions | $179,616 |
| Other employee benefits | $643,084 |
| Payroll taxes | $484,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,594 |
| Fees for services: Accounting | $27,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $556,958 |
| Advertising and promotion | $77,048 |
| Office expenses | $95,260 |
| Information technology | $187,039 |
| Royalties | $0 |
| Occupancy | $857,997 |
| Travel | $21,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,740,629 |
| Payments to affiliates | $1,524,996 |
| Depreciation, depletion, and amortization | $2,205,616 |
| Insurance | $212,137 |
| All other expenses | $0 |
| Total functional expenses | $20,934,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,575 |
| Prepaid expenses and deferred charges | $1,626,187 |
| Net Land, buildings, and equipment | $26,772,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,425,874 |
| Total assets | $32,221,732 |
| Accounts payable and accrued expenses | $392,785 |
| Grants payable | $0 |
| Deferred revenue | $150,049 |
| 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 | $28,705,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,548,584 |
| Total liabilities | $31,797,122 |
| Net assets without donor restrictions | $424,610 |
| 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 | $32,221,732 |