Tarrant County Senior Living Center Inc
- Assets
- $124.8m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 260
- Location
- West Des Moines, IA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-8068602
Organization Overview
Tarrant County Senior Living Center Inc, operating under the name The Stayton At Museum Way, is located in West Des Moines, IA. The organization was established in 2007. 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 12/2022, Stayton At Museum Way employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stayton At Museum Way 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 12/2022, Stayton At Museum Way generated $25.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $43.0m during the year ending 12/2022. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS
Describe the Organization's Program Activity:
TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Jantzen President & CEO & Director (thru July) | OfficerTrustee | 2 | $0 |
Nick Harshfield SVP & CFO & Treasurer & Director (thru July) | OfficerTrustee | 2 | $0 |
David Stewart Director | OfficerTrustee | 2 | $37,500 |
Stuart Walker Director | OfficerTrustee | 2 | $45,000 |
Eddie Fenglio Secretary & Director (thru July) | Officer | 2 | $0 |
Dana Smith Secretary & Director | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Culinary Services | 12/30/22 | $1,854,706 |
Select Rehabilitation Llc Therapy Services | 12/30/22 | $1,023,025 |
A&g Services Hvac Services | 12/30/22 | $742,776 |
Polsinelli Pc Legal Services | 12/30/22 | $403,726 |
Arc Waterproofing Sealant Llc Waterproofing | 12/30/22 | $403,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $710,169 |
| Government grants | $75,000 |
| 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 | $785,169 |
| Total Program Service Revenue | $24,561,233 |
| Investment income | $208,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,776,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,235 |
| Grants and other assistance to domestic individuals. | $1,178,211 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,500 |
| Compensation of current officers, directors, key employees. | $82,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,399,618 |
| Pension plan accruals and contributions | $55,919 |
| Other employee benefits | $1,072,565 |
| Payroll taxes | $567,097 |
| Fees for services: Management | $1,531,062 |
| Fees for services: Legal | $24,575 |
| Fees for services: Accounting | $34,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,000 |
| Fees for services: Other | $956,250 |
| Advertising and promotion | $541,958 |
| Office expenses | $200,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $676,643 |
| Travel | $86,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,455,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,995,518 |
| Insurance | $327,285 |
| All other expenses | $37,662 |
| Total functional expenses | $43,049,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $629,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,083 |
| Prepaid expenses and deferred charges | $316,343 |
| Net Land, buildings, and equipment | $98,985,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,997,833 |
| Other assets | $17,331,616 |
| Total assets | $124,792,977 |
| Accounts payable and accrued expenses | $5,485,789 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $112,261,464 |
| Escrow or custodial account liability | $8,891,235 |
| 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 | $86,732,858 |
| Total liabilities | $213,371,346 |
| Net assets without donor restrictions | -$88,578,369 |
| 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 | $124,792,977 |
Grants Awarded
Over the last fiscal year, Tarrant County Senior Living Center Inc has awarded $240,235 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: TO FURTHER ORGANIZATIONAL MISSION | $5,000 |
THE CLIBURN PURPOSE: TO FURTHER ORGANIZATIONAL MISSION | $20,000 |
LIFESPACE COMMUNITIES INC PURPOSE: CAPITAL CONTRIBUTION | $215,235 |