Regency Retirement Residence Of Clinton
- Assets
- $2.1m
- Revenue
- $667.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 03/1996
- Data as of
- 11/2023
- EIN
- 42-1446922
Organization Overview
Regency Retirement Residence Of Clinton is located in Omaha, NE. The organization was established in 1996. 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. Regency Retirement Residence Of Clinton 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 11/2023, Regency Retirement Residence Of Clinton generated $667.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $548.3k during the year ending 11/2023. While expenses have increased by 3.1% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND OTHER FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND OTHER FACILITIES FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Pearson President | OfficerTrustee | 1 | $0 |
Sister Eileen Golby Secretary | OfficerTrustee | 1 | $0 |
Deb Bergmann Director | Trustee | 1 | $0 |
Jerry Hockman Treasurer (thru Dec 2023) | OfficerTrustee | 1 | $0 |
Jan Mitchell Treasurer (as Of Dec 2023), VP (thru Dec 2023) | OfficerTrustee | 1 | $0 |
Bev Soenksen Vice President (as Of Dec 2023) | OfficerTrustee | 1 | $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 | $97,215 |
| Noncash contributions included in lines 1a–1f | $94,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,215 |
| Total Program Service Revenue | $562,934 |
| Investment income | $407 |
| 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 | $667,142 |
| 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 | $83,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,553 |
| Payroll taxes | $6,589 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $29,575 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,179 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,023 |
| Insurance | $51,743 |
| All other expenses | $0 |
| Total functional expenses | $548,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,615 |
| Savings and temporary cash investments | $341,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,031 |
| 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 | $2,745 |
| Net Land, buildings, and equipment | $1,548,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,068,489 |
| Accounts payable and accrued expenses | $104,125 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $638,800 |
| 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 | $517,996 |
| Total liabilities | $1,260,921 |
| Net assets without donor restrictions | $807,568 |
| 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 | $2,068,489 |