Terrace Gardens Retirement Center Inc
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Perryville, MO
- Founding
- 04/1984
- Data as of
- 06/2024
- EIN
- 43-1522333
Organization Overview
Terrace Gardens Retirement Center Inc is located in Perryville, MO. The organization was established in 1984. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2024, Terrace Gardens Retirement Center Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrace Gardens Retirement Center 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 06/2024, Terrace Gardens Retirement Center Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND MAINTAIN RESIDENCE FACILITY FOR INTELLECTUALLY DISABLED AND PROVIDE CAREGIVER SERVICE FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERRACE GARDENS RETIREMENT CENTER, INC. OPERATES A HOME FOR THE INTELLECTUALLY DISABLED IN PERRYVILLE, MO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Anderson President | Officer | $0 | |
Gail Zoellner Vice Preside | Officer | $0 | |
Scott Hotop Treasurer | Officer | $0 | |
Kathe Ramsey Secretary | Officer | $0 | |
Scott Sattler Member | Trustee | $0 | |
Norma Unterreiner Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,957 |
| 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 | $6,957 |
| Total Program Service Revenue | $1,577,596 |
| Investment income | $34,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,620,249 |
| 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. | $100,208 |
| Compensation of current officers, directors, key employees. | $100,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $889,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,695 |
| Payroll taxes | $74,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,121 |
| Advertising and promotion | $0 |
| Office expenses | $5,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,439 |
| Insurance | $42,961 |
| All other expenses | $40,242 |
| Total functional expenses | $1,453,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,185 |
| Savings and temporary cash investments | $1,105,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,341 |
| 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 | $19,846 |
| Net Land, buildings, and equipment | $248,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,663 |
| Total assets | $1,791,347 |
| Accounts payable and accrued expenses | $64,054 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,780 |
| Total liabilities | $100,834 |
| Net assets without donor restrictions | $1,690,513 |
| 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 | $1,791,347 |