Regency Retirement Residence Of Omaha Co Essex Corporation
- Assets
- $7.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- Data as of
- 09/2017
- EIN
- 47-0751830
Organization Overview
Regency Retirement Residence Of Omaha Co Essex Corporation is located in Omaha, NE. Regency Retirement Residence Of Omaha Co Essex Corporation 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 09/2017, Regency Retirement Residence Of Omaha Co Essex Corporation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2017. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Hartford Vice President | OfficerTrustee | 1 | $0 |
Fred Wilson President | OfficerTrustee | 1 | $0 |
Robert Mahoney Treasurer | OfficerTrustee | 1 | $0 |
Dolores Grinnell Secretary | OfficerTrustee | 1 | $0 |
Delane Christanson Director | Trustee | 1 | $0 |
Michael Demman Director | Trustee | 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 | $171,824 |
| Noncash contributions included in lines 1a–1f | $171,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,824 |
| Total Program Service Revenue | $1,735,571 |
| Investment income | $994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,908,489 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,467 |
| Fees for services: Legal | $52,518 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,728 |
| Advertising and promotion | $97,436 |
| Office expenses | $7,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,868 |
| Insurance | $61,400 |
| All other expenses | $1,599 |
| Total functional expenses | $1,841,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,128 |
| Savings and temporary cash investments | $463,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,146 |
| 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 | $12,272 |
| Net Land, buildings, and equipment | $6,373,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,334 |
| Other assets | $390,605 |
| Total assets | $7,452,061 |
| Accounts payable and accrued expenses | $197,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,469,648 |
| 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 | $2,278,691 |
| Total liabilities | $5,946,241 |
| Unrestricted restricted net Assets | $1,505,820 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,505,820 |