Westminster Ingleside King Farm Presbyterian Retirement Communitie
- Assets
- $1.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Rockville, MD
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 45-3825159
Organization Overview
Westminster Ingleside King Farm Presbyterian Retirement Communitie, operating under the name Ingleside, is located in Rockville, MD. The organization was established in 2012. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Ingleside employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingleside 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 12/2021, Ingleside generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 14.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MANAGEMENT SERVICES TO ITS AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INGLESIDE IS AN ORGANIZATION OF PEOPLE IMBUED WITH A SPIRIT OF GIVING. AS THE NOT-FOR-PROFIT PARENT OF THE INGLESIDE FAMILY OF COMMUNITIES AND AFFILIATES, WE LEAD INGLESIDE AT ROCK CREEK, WESTMINSTER AT LAKE RIDGE, AND INGLESIDE AT KING FARM, ALL OF WHICH ARE 501(C)(3) NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES.WE ALSO LEAD THE WESTMINSTER INGLESIDE FOUNDATION, A 501(C)(3) CHARITABLE GIVING FOUNDATION DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR THE RESIDENTS OF OUR THREE INGLESIDE CONTINUING CARE RETIREMENT COMMUNITIES NOTED ABOVE, RESPECTING THEIR INDIVIDUALITY AND DIGNITY, AND INSURING OUR RESIDENTS HAVE A WELCOMING AND SUPPORTIVE HOME THROUGHOUT THEIR LIFETIME; INGLESIDE AT HOME, A 501(C)(3) ORGANIZATION THAT PROVIDES A WIDE RANGE OF HOME CARE TO ASSIST RESIDENTS REMAINING IN THEIR HOMES; AND WESTMINSTER INGLESIDE GROUP, PROVIDER OF MANAGEMENT AND DEVELOPMENT SERVICES TO RETIREMENT COMMUNITIES AND RELATED BUSINESSES.ALL OF OUR PROGRAMS AND SERVICES PROVIDE EXCEPTIONAL EXPERIENCES FOR THE OLDER ADULTS WE SERVE, AS WELL AS EMPLOYEES, VOLUNTEERS AND PARTNERS. OUR WORK IS A REFLECTION OF OUR VISION, MISSION AND VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn O'connor President/ceo | Officer | 1 | $442,307 |
Kristin Shanks Director Of Sales | 40 | $299,035 | |
Christine Podles COO | Officer | 1 | $286,760 |
Tim Myers CFO (until 10/23/21) | Officer | 1 | $275,320 |
Salvatore Albanese SVP Human Resources | Officer | 1 | $258,058 |
Dusanka Delovska-Trakova Cio | Officer | 1 | $159,360 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Tilly Virchow Krause Llp Accounting Services | 12/30/21 | $166,200 |
Plante & Moran Pllc Consulting Services | 12/30/21 | $180,000 |
Venable Llp Legal Counsel | 12/30/21 | $151,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,361,231 |
| 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 | $5,361,231 |
| Total Program Service Revenue | $5,464,544 |
| Investment income | $0 |
| 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 | $10,825,775 |
| 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. | $1,504,017 |
| Compensation of current officers, directors, key employees. | $1,504,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,375,211 |
| Pension plan accruals and contributions | $23,589 |
| Other employee benefits | $344,542 |
| Payroll taxes | $274,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,034 |
| Fees for services: Accounting | $6,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,595 |
| Advertising and promotion | $290 |
| Office expenses | $78,101 |
| Information technology | $22,936 |
| Royalties | $0 |
| Occupancy | $246,304 |
| Travel | $16,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,461 |
| Interest | $43,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $871,860 |
| Insurance | $8,913 |
| All other expenses | $507 |
| Total functional expenses | $6,306,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $411,981 |
| Net Land, buildings, and equipment | $264,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,080 |
| Other assets | $1,135,199 |
| Total assets | $1,817,966 |
| Accounts payable and accrued expenses | $1,747,120 |
| Grants payable | $0 |
| Deferred revenue | $307,294 |
| 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 | $0 |
| Total liabilities | $2,054,414 |
| Net assets without donor restrictions | -$236,448 |
| 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 | $1,817,966 |
Grants Awarded
Over the last fiscal year, Westminster Ingleside King Farm Presbyterian Retirement Communitie has awarded $4,745,614 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: COVID RELIEF FUNDS | $1,584,585 |
Rockville, MD PURPOSE: COVID RELIEF FUNDS | $1,567,584 |
Rockville, MD PURPOSE: COVID RELIEF FUNDS | $1,347,904 |
Rockville, MD PURPOSE: COVID RELIEF FUNDS | $184,728 |
Rockville, MD PURPOSE: COVID RELIEF FUNDS | $60,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The District Of Columbia Bar Foundation Washington, DC | $3,658,871 | $13,481,858 |
Westminster Ingleside King Farm Presbyterian Retirement Communitie Rockville, MD | $1,817,966 | $10,825,775 |
Delaware Bar Foundation Wilmington, DE | $3,089,735 | $1,588,325 |
Heroes Inc Washington, DC | $26,886,691 | $2,003,617 |
National Center For Police Defense Inc Fairfax, VA | $156,728 | $1,250,517 |
Baltimore Bar Foundation Inc Baltimore, MD | $480,206 | $416,293 |
Greater Richmond Bar Foundation Richmond, VA | $304,120 | $287,963 |
Fork Over Love Kingston, PA | $271,211 | $441,372 |
Baltimore County Police Foundation Inc Baltimore, MD | $578,289 | $126,816 |
Margaret E Johnson Annuity Tr No 22301-0 Pittsburgh, PA | $1,643,194 | $16,325 |
West Virginia Bar Foundation Inc Charleston, WV | $1,015,877 | $112,260 |
Shortest Line Inc Pittsburgh, PA | $40,859 | $0 |