Walnut Hills Retirement Communities Inc
- Assets
- $16.7m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 203
- Location
- Walnut Creek, OH
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 35-1317338
Organization Overview
Walnut Hills Retirement Communities Inc is located in Walnut Creek, OH. The organization was established in 1980. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Walnut Hills Retirement Communities Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Hills Retirement 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 06/2022, Walnut Hills Retirement Communities Inc generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $10.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
WALNUT HILLS PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FYE JUNE 30, 2022 AMOUNTED TO $1,071,970.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING SERVICES - WALNUT HILLS IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO OVER 200 RESIDENTS ON A 110-ACRE CAMPUS. WALNUT HILLS' HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING, LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM WALNUT HILLS IF THEIR ASSETS RUN OUT. DURING THE YEAR ENDED JUNE 30, 2022, OVER 12% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE - $1,071,970.
RESIDENT & ANCILLARY SERVICES - ASSISTED LIVING APARTMENTS AT WALNUT HILLS ARE OFFERED BASED ON THE SOCIAL MODEL. ASSISTED LIVING HELPS MEET THE DESIRE OF OLDER PERSONS TO AGE IN PLACE WHILE THEY ARE ABLE TO RECEIVE THE CARE AND SUPPORTIVE SERVICES THEY REQUIRE ON A DAILY BASIS. ASSISTED LIVING PROVIDES AN ALTERNATIVE TO NURSING HOME CARE. THE PHILOSOPHY OF ASSISTED LIVING EMPHASIZES PERSONAL DIGNITY, AUTONOMY, INDEPENDENCE, AND PRIVACY. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ADDITIONALLY, THEY HAVE VARIOUS A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Roach Chair | OfficerTrustee | 1 | $0 |
Terry Burkhalter Board Member | Trustee | 1 | $0 |
Jason Coblentz Board Member | Trustee | 1 | $0 |
Arthur Hamsher Board Member | Trustee | 1 | $0 |
William Jennings Board Member (part Year) | Trustee | 1 | $0 |
Ellis Miller Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dedicated Nursing Assoc Agency Staffing | 6/29/22 | $135,986 |
Healthpro Heritage Therapy Services | 6/29/22 | $479,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,940 |
| Government grants | $528,097 |
| 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 | $540,037 |
| Total Program Service Revenue | $8,564,987 |
| Investment income | $3,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,222 |
| Net Gain/Loss on Asset Sales | -$2,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,278,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,775 |
| 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. | $1,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,896,071 |
| Pension plan accruals and contributions | $115,087 |
| Other employee benefits | $362,520 |
| Payroll taxes | $288,393 |
| Fees for services: Management | $113,600 |
| Fees for services: Legal | $2,029 |
| Fees for services: Accounting | $31,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,116,714 |
| Advertising and promotion | $138,909 |
| Office expenses | $680,242 |
| Information technology | $17,615 |
| Royalties | $0 |
| Occupancy | $746,036 |
| Travel | $15,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $618,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $894,550 |
| Insurance | $47,837 |
| All other expenses | $118,121 |
| Total functional expenses | $10,032,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,640 |
| Savings and temporary cash investments | $1,904,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $688,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,411 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,306,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $731,000 |
| Other assets | $82,946 |
| Total assets | $16,730,776 |
| Accounts payable and accrued expenses | $918,331 |
| Grants payable | $0 |
| Deferred revenue | $1,492,579 |
| 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 | $8,416,157 |
| Unsecured mortgages and notes payable | $4,391,885 |
| Other liabilities | $4,775,174 |
| Total liabilities | $19,994,126 |
| Net assets without donor restrictions | -$3,346,296 |
| Net assets with donor restrictions | $82,946 |
| 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 | $16,730,776 |