Neighborhood In Rio Rancho
- Assets
- $43.3m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 275
- Location
- Rio Rancho, NM
- Founding
- 01/2015
- Data as of
- 03/2022
- EIN
- 47-1462853
Organization Overview
Neighborhood In Rio Rancho is located in Rio Rancho, NM. The organization was established in 2015. 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 03/2022, Neighborhood In Rio Rancho employed 275 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood In Rio Rancho 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 03/2022, Neighborhood In Rio Rancho generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $18.6m during the year ending 03/2022. While expenses have increased by 11.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HOUSING, CARE AND SERVICES TO THE SENIORS OF THE LIFE CARE RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEIGHBORHOOD IN RIO RANCHO (THE NEIGHBORHOOD) IS A NEW MEXICO NONPROFIT FORMED IN 2014 FOR THE PURPOSE OF OPERATING A CONTINUING CARE RETIREMENT COMMUNITY IN RIO RANCHO, NEW MEXICO. THE NEIGHBORHOOD INCLUDES 90 INDEPENDENT LIVING APARTMENTS, 48 ASSISTED LIVING BEDS, 24 UNITS OF MEMORY CARE AND 48 DUALLY CERTIFIED INTERMEDIATE/SKILLED NURSING BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regner Rider Chairman Of Board | OfficerTrustee | 1 | $0 |
Angie Julian Cfo/treasurer | OfficerTrustee | 1 | $0 |
E Deann Eaton Ceo/vice-Chair/secretary | OfficerTrustee | 5 | $0 |
Chrissy Akes Executive Director | Officer | 40 | $0 |
David Walbright Director Of Sales And Marketing | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paragon Rehab Therapy Services | 3/30/19 | $728,605 |
Cross Country Staffing Employment Agency | 3/30/19 | $139,179 |
Media Matched Inc Marketing & Advertising | 3/30/19 | $189,858 |
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 | $14,751,496 |
| Investment income | $43,040 |
| Tax Exempt Bond Proceeds | $82,242 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,930,529 |
| 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. | $231,175 |
| Compensation of current officers, directors, key employees. | $231,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,851,390 |
| Pension plan accruals and contributions | $48,638 |
| Other employee benefits | $870,071 |
| Payroll taxes | $503,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $84,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,402 |
| Fees for services: Other | $804,911 |
| Advertising and promotion | $303,028 |
| Office expenses | $1,679,571 |
| Information technology | $1,891 |
| Royalties | $0 |
| Occupancy | $592,548 |
| Travel | $2,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,575 |
| Interest | $1,923,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,031,391 |
| Insurance | $327,219 |
| All other expenses | $148,396 |
| Total functional expenses | $18,629,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $774,108 |
| Savings and temporary cash investments | $4,375,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $807,982 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $152,904 |
| Inventories for sale or use | $61,687 |
| Prepaid expenses and deferred charges | $65,067 |
| Net Land, buildings, and equipment | $36,988,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,829 |
| Total assets | $43,319,912 |
| Accounts payable and accrued expenses | $3,696,147 |
| Grants payable | $0 |
| Deferred revenue | $9,620,445 |
| Tax-exempt bond liabilities | $45,348,388 |
| 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 | $6,654,592 |
| Total liabilities | $65,319,572 |
| Net assets without donor restrictions | -$21,999,660 |
| 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 | $43,319,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bccu Inc Clearfield Woods Cross, UT | $32,325,900 | $16,937,204 |