Colorado Senior Residences Inc
- Assets
- $43.9m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Steamboat Springs, CO
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-1953892
Organization Overview
Colorado Senior Residences Inc, operating under the name Casey's Pond Senior Living, is located in Steamboat Springs, CO. The organization was established in 2011. 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, Casey's Pond Senior Living employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casey's Pond Senior Living 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, Casey's Pond Senior Living generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING, HEALTHCARE, & OTHER SERVICES TO SENIOR CITIZENS THROUGH A RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASEY'S POND WAS FORMED TO DEVELOP, OWN, AND OPERATE A SENIOR LIVING AND LONG-TERM CARE COMMUNITY IN STEAMBOAT SPRINGS, COLORADO. CASEY'S POND CONSISTS OF APPROXIMATELY 66 SKILLED NURSING BEDS; 53 ASSISTED LIVING UNITS; 15 MEMORY CARE UNITS; 22 INDEPENDENT LIVING UNITS; AND RELATED COMMON AREAS, AMENITIES, AND OTHER IMPROVEMENTS ALL HOUSED WITHIN ONE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loui Antonucci Vice President | OfficerTrustee | 1 | $0 |
Karen Bomberg Director | Trustee | 1 | $0 |
Renee Gilberson Director | Trustee | 1 | $0 |
Karl Gills Treasurer | OfficerTrustee | 1 | $0 |
Bj Heuberger Secretary | OfficerTrustee | 1 | $0 |
Mary Jenkins Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Time Healthcare Llc Temporary Staffing | 12/30/22 | $2,390,613 |
Morrison Community Living Dining Services | 12/30/22 | $2,229,521 |
Cappella Living Solutions Management Services | 12/30/22 | $827,962 |
Premere Rehab Llc Rehab Therapy Contractor | 12/30/22 | $315,136 |
Kare Technologies Llc Data Collection | 12/30/22 | $255,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,256,128 |
| 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 | $2,256,128 |
| Total Program Service Revenue | $11,294,176 |
| Investment income | $58,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $13,669,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,955 |
| 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 | $3,813,731 |
| Pension plan accruals and contributions | $29,099 |
| Other employee benefits | $403,613 |
| Payroll taxes | $283,930 |
| Fees for services: Management | $794,513 |
| Fees for services: Legal | $76,290 |
| Fees for services: Accounting | $42,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,715,007 |
| Advertising and promotion | $54,821 |
| Office expenses | $51,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $413,169 |
| Travel | $32,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,894 |
| Interest | $3,307,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $987,139 |
| Insurance | $110,686 |
| All other expenses | $160,986 |
| Total functional expenses | $16,348,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,509 |
| Savings and temporary cash investments | $2,742,278 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $730,145 |
| Inventories for sale or use | $18,778 |
| Prepaid expenses and deferred charges | $91,395 |
| Net Land, buildings, and equipment | $32,329,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,515,526 |
| Total assets | $43,911,478 |
| Accounts payable and accrued expenses | $1,009,433 |
| Grants payable | $0 |
| Deferred revenue | $1,486,932 |
| Tax-exempt bond liabilities | $43,168,931 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,500,000 |
| Other liabilities | $25,532,096 |
| Total liabilities | $74,697,392 |
| Net assets without donor restrictions | -$30,785,914 |
| 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 | $43,911,478 |