Navy Marine Coast Guard Residence Foundation
- Assets
- $163.3m
- Revenue
- $36.2m
- Investments
- $37.3m
- Employees
- 367
- Location
- McLean, VA
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-3032859
Organization Overview
Navy Marine Coast Guard Residence Foundation is located in McLean, VA. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Navy Marine Coast Guard Residence Foundation employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navy Marine Coast Guard Residence Foundation 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, Navy Marine Coast Guard Residence Foundation generated $36.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $41.5m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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
NMCGRF SUPPORTS THE RESIDENTS OF VINSON HALL RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VINSON HALL LLC, A SINGLE MEMBER LLC HELD BY NMCGRF IS A LIFE PLAN COMMUNITY. IT PROVIDES INDEPENDENT LIVING, ASSISTED LIVING, SHORT TERM REHABILITATION, AND LONG TERM CARE SERVICES TO SENIORS AND HANDICAPPED INDIVIDUALS. VINSON HALL IS DEDICATED TO BE A LEADER IN CREATING AND DELIVERING INNOVATIVE SOLUTIONS SO INDIVIDUALS CAN LIVE LIFE "THEIR WAY". AS OF DECEMBER 31, 2023 VINSON HALL HAS 235 INDEPENDENT LIVING UNITS PROVIDING SERVICES TO INDIVIDUALS WHO HAVE SERVED AS A UNIFORMED OFFICER OR CAREER GOVERNMENT OFFICER AND THEIR IMMEDIATE FAMILY. IN ADDITION ARLEIGH BURKE PAVILION HAS 46 LICENSED NURSING BEDS AND 21 ASSISTED LIVING UNITS. THE SYLVESTERY HAS 36 MEMORY SUPPORT SUITES. THESE TWO FACILITIES ARE OPEN TO THE GENERAL PUBLIC, NOT REQUIRING MILITARY OR GOVERNMENT AFFILIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Js Wagner Company Inc Roofing | 12/30/23 | $937,413 |
Ca Lindman Inc Balcony Work | 12/30/23 | $839,647 |
Nichols Power Systems Abp Generator Replacement | 12/30/23 | $135,978 |
Zones Llc Information Technology | 12/30/23 | $302,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,025 |
| Total Program Service Revenue | $32,392,284 |
| Investment income | $1,090,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,054 |
| Net Gain/Loss on Asset Sales | $1,084,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,242,523 |
| 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. | $874,950 |
| Compensation of current officers, directors, key employees. | $151,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,118,101 |
| Pension plan accruals and contributions | $22,987 |
| Other employee benefits | $1,648,664 |
| Payroll taxes | $1,163,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,796 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,479,559 |
| Advertising and promotion | $157,490 |
| Office expenses | $839,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,900,372 |
| Travel | $25,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,697 |
| Interest | $3,562,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,310,339 |
| Insurance | $453,589 |
| All other expenses | $855,639 |
| Total functional expenses | $41,503,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,307,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,365,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $511,899 |
| Inventories for sale or use | $126,163 |
| Prepaid expenses and deferred charges | $413,260 |
| Net Land, buildings, and equipment | $97,953,987 |
| Investments—publicly traded securities | $17,474,018 |
| Investments—other securities | $37,313,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,867,822 |
| Total assets | $163,333,250 |
| Accounts payable and accrued expenses | $3,143,166 |
| Grants payable | $0 |
| Deferred revenue | $8,857,864 |
| Tax-exempt bond liabilities | $66,732,570 |
| 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 | $0 |
| Other liabilities | $83,330,679 |
| Total liabilities | $162,064,279 |
| Net assets without donor restrictions | -$3,222,097 |
| Net assets with donor restrictions | $4,491,068 |
| 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 | $163,333,250 |