Rutland Place Inc
- Assets
- $10.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 72
- Location
- Mount Juliet, TN
- Founding
- 10/2004
- Data as of
- 12/2020
- EIN
- 41-2093128
Organization Overview
Rutland Place Inc is located in Mount Juliet, TN. The organization was established in 2004. 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 12/2020, Rutland Place Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutland Place 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 12/2020, Rutland Place Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.7m during the year ending 12/2020. While expenses have increased by 1.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUE AND EXEPNSE FROM LEASING UNITS IN INDEPENDENT LIVING FACILITY.
REVENUE AND EXEPNSE FROM LEASING UNITS IN INDEPENDENT LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Tucker Executive Di | Officer | 40 | $67,244 |
Mark Cecil Trustee | Trustee | 5 | $0 |
Jason Lee Trustee | Trustee | 5 | $0 |
Clint Smith Trustee | Trustee | 5 | $0 |
Lincoln Young Chair Truste | Trustee | 5 | $0 |
William Young Trustee | Trustee | 5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,112,139 |
| Investment income | $4,443 |
| 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 | $3,357,350 |
| 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. | $67,244 |
| Compensation of current officers, directors, key employees. | $60,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $934,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,425 |
| Payroll taxes | $77,691 |
| Fees for services: Management | $139,645 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,670 |
| Office expenses | $15,821 |
| Information technology | $10,003 |
| Royalties | $0 |
| Occupancy | $590,677 |
| Travel | $21,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,288 |
| Interest | $856,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,759 |
| Insurance | $72,276 |
| All other expenses | $122,521 |
| Total functional expenses | $3,669,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,072,376 |
| Savings and temporary cash investments | $1,589,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,349 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,067,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,732,383 |
| Accounts payable and accrued expenses | $485,679 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,228,335 |
| 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 | $2,083,006 |
| Other liabilities | $0 |
| Total liabilities | $15,797,020 |
| Net assets without donor restrictions | -$5,064,637 |
| 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 | $10,732,383 |
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Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |