Retirement Living Inc
- Assets
- $137.7m
- Revenue
- $36.0m
- Investments
- $14.5m
- Employees
- 389
- Location
- Indianapolis, IN
- Founding
- 08/1978
- Data as of
- 12/2023
- EIN
- 35-1393773
Organization Overview
Retirement Living Inc, operating under the name Marquette, is located in Indianapolis, IN. The organization was established in 1978. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Marquette employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marquette 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, Marquette generated $36.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $37.6m during the year ending 12/2023. While expenses have increased by 2.5% 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.
Since 2015, Marquette has awarded 24 individual grants totaling $1,468,333. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT LIVING, INC. IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORING THEIR DIGNITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2023, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $401,960.
RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2023, THE ORGANIZATION GAVE $205,356 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS.
ASSISTED LIVING/MEMORY CARE: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 22 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES.
INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 258 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $3,600 |
Name Not Listed President | OfficerTrustee | 1 | $5,700 |
Name Not Listed Vice President | OfficerTrustee | 1 | $3,900 |
Name Not Listed Secretary | OfficerTrustee | 1 | $3,700 |
Name Not Listed Director | Trustee | 1 | $3,000 |
Name Not Listed Director | Trustee | 1 | $4,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Inc Therapy Services | 12/30/23 | $1,039,798 |
Lcs Holding Company Llc Construction | 12/30/23 | $1,051,181 |
Wagner-meinert Llc Construction | 12/30/23 | $694,204 |
Capitol Construction Services Inc Construction | 12/30/23 | $658,867 |
Electric Plus Inc Electrical Engineering | 12/30/23 | $559,997 |
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 | $180,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,000 |
| Total Program Service Revenue | $34,726,786 |
| Investment income | $1,156,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$164,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,021,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,025 |
| Grants and other assistance to domestic individuals. | $401,960 |
| 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 | $14,774,089 |
| Pension plan accruals and contributions | $67,215 |
| Other employee benefits | $1,626,875 |
| Payroll taxes | $1,212,573 |
| Fees for services: Management | $726,024 |
| Fees for services: Legal | $155,097 |
| Fees for services: Accounting | $52,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $217,720 |
| Fees for services: Other | $438,273 |
| Advertising and promotion | $286,915 |
| Office expenses | $235,634 |
| Information technology | $423,687 |
| Royalties | $0 |
| Occupancy | $2,544,495 |
| Travel | $43,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,677,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,311,240 |
| Insurance | $245,913 |
| All other expenses | $14,513 |
| Total functional expenses | $37,577,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,318,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,791,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $129,355 |
| Prepaid expenses and deferred charges | $719,599 |
| Net Land, buildings, and equipment | $76,574,470 |
| Investments—publicly traded securities | $25,917,934 |
| Investments—other securities | $14,510,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,785,199 |
| Total assets | $137,746,850 |
| Accounts payable and accrued expenses | $2,363,549 |
| Grants payable | $0 |
| Deferred revenue | $34,501,308 |
| Tax-exempt bond liabilities | $57,586,403 |
| 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 | $18,040,394 |
| Total liabilities | $112,491,654 |
| Net assets without donor restrictions | $25,255,196 |
| 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 | $137,746,850 |
Grants Awarded
Over the last fiscal year, Retirement Living Inc has awarded $229,767 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HELPINGS PURPOSE: PROGRAM SUPPORT | $24,898 |
ALZHEIMERS ASSOCIATION PURPOSE: PROGRAM SUPPORT | $31,191 |
MEALS ON WHEELS PURPOSE: PROGRAM SUPPORT | $173,678 |