Acts Retirement-Life Communities Inc
- Assets
- $1.8b
- Revenue
- $465.7m
- Investments
- $6.7m
- Employees
- 7,018
- Location
- Fort Washington, PA
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-1900132
Organization Overview
Acts Retirement-Life Communities Inc is located in Fort Washington, PA. The organization was established in 1972. 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 12/2021, Acts Retirement-Life Communities Inc employed 7,018 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts Retirement-Life Communities 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 12/2021, Acts Retirement-Life Communities Inc generated $465.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $462.5m during the year ending 12/2021. While expenses have increased by 3.7% 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
ACTS' PURPOSE IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTS PROVIDES COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, ACTS OFFERS HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES. ALL PHYSICAL ACCOMMODATIONS AND SERVICES ARE PROVIDED IN ITS CONTINUING CARE RETIREMENT COMMUNITIES UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURES THAT ASSISTED LIVING AND SKILLED NURSING CARE WILL BE PROVIDED TO RESIDENTS WHEN THEY NEED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2021, ACTS SERVED, ON AVERAGE, 6,606 RESIDENTS IN INDEPENDENT LIVING, 643 RESIDENTS IN ASSISTED LIVING, AND 966 RESIDENTS IN SKILLED CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elric C Gerner Director And Secretary | OfficerTrustee | 1.7 | $0 |
Dilip A Kulathum Vice Chairman | OfficerTrustee | 2 | $0 |
Gerald T Grant CEO | OfficerTrustee | 30 | $0 |
John L Esterhai Jr MD Director & Chairman | OfficerTrustee | 2 | $0 |
Michael D Kelly Director & Treasurer | OfficerTrustee | 2 | $0 |
Charles W Coxson III Exec Vp/coo | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Whiting-turner Contracting General Contractor | 12/30/21 | $16,812,076 |
Complete Property Development General Contractor | 12/30/21 | $6,655,611 |
Caliber 1 Construction Inc General Contractor | 12/30/21 | $6,053,518 |
Phb Inc General Contractor | 12/30/21 | $5,874,388 |
Holz & Henry Inc Contractors | 12/30/21 | $4,518,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,343,103 |
| Government grants | $2,677,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,081,827 |
| Total Program Service Revenue | $439,805,798 |
| Investment income | $9,652,093 |
| Tax Exempt Bond Proceeds | $937,600 |
| Royalties | $0 |
| Net Rental Income | $109,563 |
| Net Gain/Loss on Asset Sales | $1,633,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,695,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,127 |
| Grants and other assistance to domestic individuals. | $121,169 |
| 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 | $370,507 |
| Other salaries and wages | $160,215,522 |
| Pension plan accruals and contributions | $3,758,723 |
| Other employee benefits | $26,960,704 |
| Payroll taxes | $12,032,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $903,059 |
| Fees for services: Accounting | $455,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $858,193 |
| Fees for services: Other | $22,450,632 |
| Advertising and promotion | $2,977,756 |
| Office expenses | $14,325,207 |
| Information technology | $4,946,021 |
| Royalties | $0 |
| Occupancy | $35,982,030 |
| Travel | $632,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,222 |
| Interest | $24,450,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,579,739 |
| Insurance | $2,101,406 |
| All other expenses | $8,601,414 |
| Total functional expenses | $462,463,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,979 |
| Savings and temporary cash investments | $15,356,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,585,076 |
| 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 | $10,804,745 |
| Net Land, buildings, and equipment | $1,334,912,378 |
| Investments—publicly traded securities | $365,937,779 |
| Investments—other securities | $6,742,587 |
| Investments—program-related | $25,109,175 |
| Intangible assets | $0 |
| Other assets | $18,106,600 |
| Total assets | $1,794,608,174 |
| Accounts payable and accrued expenses | $66,816,794 |
| Grants payable | $0 |
| Deferred revenue | $755,737,156 |
| Tax-exempt bond liabilities | $709,719,819 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $98,547,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,382,098 |
| Total liabilities | $1,656,203,817 |
| Net assets without donor restrictions | $113,295,182 |
| Net assets with donor restrictions | $25,109,175 |
| 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 | $1,794,608,174 |
Grants Awarded
Over the last fiscal year, Acts Retirement-Life Communities Inc has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: LEADINGAGE BUILDING CAMPAIGN | $25,000 |
Hamilton, NJ PURPOSE: 2018 SPONSORSHIP | $5,000 |
Washington, DC PURPOSE: LEADINGAGE STUDENT PROGRAM SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Acts Retirement-Life Communities Inc has recieved totaling $3,367,995.
| Awarding Organization | Amount |
|---|---|
Acts Legacy Foundation Inc Fort Washington, PA PURPOSE: RELEASE OF CONTRIBUTIONS RECEIVED FOR SUPPORTED ORGANIZATIONS | $3,343,103 |
Margaret M Day And Paul A Daymemorial Fund Wilmington, DE PURPOSE: OPERATIONS | $24,570 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $322 |
Endowment Analysis
| Beg. Balance | $2,613,922 |
| Earnings | $315,926 |
| Ending Balance | $2,929,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acts Retirement-Life Communities Inc Fort Washington, PA | $1,794,608,174 | $465,695,033 |
Springpoint Senior Living Inc Wall, NJ | $810,886,693 | $204,804,520 |
Asbury Atlantic Inc Frederick, MD | $494,202,745 | $182,270,716 |
Ohio Living Communities Westerville, OH | $447,327,891 | $153,214,887 |
Riderwood Village Inc Silver Spring, MD | $765,520,343 | $121,407,935 |
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |