Masonic Retirement Village Of Taylor Mill Inc is located in Masonic Home, KY. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Retirement Village Of Taylor Mill 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 12/2022, Masonic Retirement Village Of Taylor Mill Inc generated $369.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 3.7% 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 AND MAINTAIN AFFORDABLE HOUSING FOR SENIOR CITIZENS OF THE COMMUNITY AND, SPECIFICALLY, THE ERECTION, CONSTRUCTION, MAINTENANCE AND OPERATION OF A RETIREMENT HOME AT TAYLOR MILL, KENTON COUNTY, KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONIC RETIREMENT VILLAGE OF TAYLOR MILL, INC. OPERATING AS SPRING HILL VILLAGE RETIREMENT COMMUNITY OFFERS ADULTS 55 AND OLDER A COMFORTABLE LIFESTYLE AND LOW-MAINTENANCE LIVING IN A STYLISH GARDEN HOME COMMUNITY. LOCATED IN TAYLOR MILL, SPRING HILL VILLAGE FEATURES A RANCH-STYLE AND WALKOUT GARDEN HOMES IN A VARIETY OF TWO-BEDROOM FLOOR PLANS. SPRING HILL VILLAGE RESIDENTS ENJOY THE FELTMAN COMMUNITY CENTER, FEATURING A FITNESS CENTER FOR DAILY WORKOUTS AND INVITING GATHERING AREAS FOR PRIVATE AND COMMUNITY EVENTS. FOR A MONTHLY MAINTENANCE FEE WE PROVIDE: WATER AND SANITATION SERVICES, REPAIR AND REPLACEMENT OF ALL FURNISHED KITCHEN APPLIANCES, WATER HEATER, FURNANCE AND AIR CONDITIONING BUILDING INSURANCE FOR FIRE AND STORM DAMAGE A COMMUNITY CENTER
Name (title) | Role | Hours | Compensation |
---|---|---|---|
E Darren Wilson Director | Trustee | 0.8 | $0 |
Richard Short Director | Trustee | 0.8 | $0 |
Timothy Sanders Director | Trustee | 0.8 | $0 |
Harold Armstrong Chairman | OfficerTrustee | 0.8 | $0 |
Terry Bowman Vice Chairman | OfficerTrustee | 0.8 | $0 |
Ron Caughron Treasurer | OfficerTrustee | 0.8 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $369,436 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $60 |
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 | $369,496 |
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 | $34,230 |
Pension plan accruals and contributions | $1,016 |
Other employee benefits | $283 |
Payroll taxes | $2,619 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,512 |
Fees for services: Accounting | $5,640 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $78,306 |
Advertising and promotion | $0 |
Office expenses | $8,075 |
Information technology | $5,353 |
Royalties | $0 |
Occupancy | $79,975 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $169,182 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $372,262 |
Insurance | $34,194 |
All other expenses | $2,913 |
Total functional expenses | $1,062,325 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $54 |
Net Land, buildings, and equipment | $8,702,464 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $290,268 |
Other assets | $0 |
Total assets | $8,993,036 |
Accounts payable and accrued expenses | $41,821 |
Grants payable | $0 |
Deferred revenue | $854,668 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,104,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,576,718 |
Total liabilities | $15,577,207 |
Net assets without donor restrictions | -$6,584,171 |
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 | $8,993,036 |