Orange County Senior Living Incorporated
- Assets
- $15.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 68
- Location
- Orange, VA
- Founding
- 08/2005
- Data as of
- 06/2023
- EIN
- 30-0319302
Organization Overview
Orange County Senior Living Incorporated is located in Orange, VA. The organization was established in 2005. 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 06/2023, Orange County Senior Living Incorporated employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange County Senior Living Incorporated 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 06/2023, Orange County Senior Living Incorporated generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. 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 CONSTRUCT, OPERATE, AND MAINTAIN AFFORDABLE ASSISTED LIVING AND INDEPENDENT LIVING FACILITIES FOR THE AGED, INFIRM AND DISABLED OF ORANGE COUNTY, VIRGINIA AND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RETIREMENT COMMUNITY PROVIDING HOUSING, MEALS AND MEDICAL CARE FOR MORE THAN 50 ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Long President | Officer | 5 | $0 |
Loretta Clements Treasurer | Officer | 5 | $0 |
Loretta Holt Director Of Resident Health Service | 35 | $0 | |
Brenda Hutchinson Secretary | Officer | 5 | $0 |
James White Director | Trustee | 1 | $0 |
Lee Frame Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,893 |
| Government grants | $922,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,986 |
| Total Program Service Revenue | $2,624,138 |
| Investment income | $0 |
| 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 | $3,556,124 |
| 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 | $2,265,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,232 |
| Payroll taxes | $170,558 |
| Fees for services: Management | $132,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,755 |
| Advertising and promotion | $9,371 |
| Office expenses | $3,446 |
| Information technology | $57,165 |
| Royalties | $0 |
| Occupancy | $682,075 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,485 |
| Interest | $353,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $595,474 |
| Insurance | $37,040 |
| All other expenses | $50,448 |
| Total functional expenses | $4,848,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $965,299 |
| 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 | $2,158 |
| Net Land, buildings, and equipment | $14,057,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,978 |
| Total assets | $15,118,582 |
| Accounts payable and accrued expenses | $524,629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,143,171 |
| 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 | $9,052,346 |
| Total liabilities | $21,720,146 |
| Net assets without donor restrictions | -$7,524,037 |
| Net assets with donor restrictions | $922,473 |
| 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 | $15,118,582 |