Roland Park Place Inc
- Assets
- $140.0m
- Revenue
- $29.2m
- Investments
- $0.0
- Employees
- 309
- Location
- Baltimore, MD
- Founding
- 10/1981
- Data as of
- 06/2023
- EIN
- 52-1197548
Organization Overview
Roland Park Place Inc is located in Baltimore, MD. The organization was established in 1981. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2023, Roland Park Place Inc employed 309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roland Park Place 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 06/2023, Roland Park Place Inc generated $29.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $29.9m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 8 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
RETIREMENT COMMUNITY THAT OFFERS INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING - INDEPENDENT LIVING IS FOR THOSE IN THE COMMUNITY WHO ENJOY A FULLY FUNCTIONING, INDEPENDENT LIFESTYLE. ON-SITE WELLNESS OPTIONS INCLUDE A STATE-OF-THE-ART, STAFFED FITNESS CENTER AND POOL. INDIVIDUAL AND GROUP INSTRUCTION IS OFFERED. AN ON-SITE MEDICAL CLINIC IS STAFFED WITH NURSES, NURSE PRACTITIONERS, AND PHYSICIANS. CERTAIN ASSISTANCE IS PERMITTED IN THE APARTMENTS FOR THOSE WHOSE NEEDS REQUIRE ADDITIONAL SERVICES. THE COMMUNITY HAS 220 INDEPENDENT LIVING UNITS WITH AN ESTIMATED ANNUAL 85,000 CENSUS DAYS. OCCUPANCY AT 6/30/23 WAS 197 OCCUPIED APARTMENTS AND 256 RESIDENTS. IN THE SPRING OF 2020, ROLAND PARK PLACE BEGAN CONSTRUCTION OF A NEW INDEPENDENT LIVING EXPANSION. THE NEW CONSTRUCTION WAS COMPLETED IN THE SUMMER OF 2021, PROVIDING 58 NEW APARTMENTS LOCATED IN AN EIGHT STORY TOWER CONNECTED TO THE EXISTING BUILDING. IN ADDITION TO THE APARTMENTS, THE NEW ADDITION INCLUDES AN ART STUDIO LOCATED ON THE GROUND FLOOR AND A COMMUNITY CLUB ROOM ON THE EIGHTH FLOOR WITH EXPANSIVE VIEWS OF THE BALTIMORE SKYLINE.
A GENEROSITY OF SPIRIT AND TALENT DEFINES THE PEOPLE WHO CONTRIBUTE TO THE VIBRANCY OF ROLAND PARK PLACE AND OVER THE YEARS, OUR COMMITMENT AND PASSION TO COMMUNITY SERVICE HAS STRENGTHENED OUR TIES TO CITIZENS AND ESTABLISHED OUR PLACE IN THE NEIGHBORHOOD AS A SUPPORTIVE, CARING AND VALUED ALLY. WE NOT ONLY EMBRACE THE IDEA OF DIFFERENT NEIGHBORS, CIVIC GROUPS, BUSINESSES AND CITIZENS WORKING TOGETHER FOR THE BETTERMENT OF OUR COMMUNITY, WE ADVOCATE FOR IT. AS A NOT-FOR-PROFIT ORGANIZATION CHAMPIONING TEAMWORK, POSITIVE CHANGE AND CIVIC EMPOWERMENT, THE ROLAND PARK PLACE BOARD OF DIRECTORS HAS APPOINTED A STRATEGIC PLANNING COMMITTEE TO FURTHER STRENGTHEN OUR POSITION AS A RESPECTED PARTNER IN THE COMMUNITY AND REINFORCE OUR COMMITMENT TO PARTNERSHIPS AND SERVICE. OUR PHILOSOPHY INCLUDES A COMMITMENT TO SERVE AS A RESOURCE AND PROVIDER OF SERVICE TO THE GREATER BALTIMORE CITY COMMUNITY AND WE ACTIVELY SEEK OPPORTUNITIES TO ASSIST OUR SURROUNDING NEIGHBORS.
NURSING CARE - THE HEALTH CARE CENTER PROVIDES BOTH LONG-TERM CARE AND SHORT-TERM REHABILITATION STAYS FOR RESIDENTS. THIS LEVEL OF RESIDENCY IS A COMPONENT OF ROLAND PARK PLACE'S "CONTINUING CARE" SERVICES. ON-SITE PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH AND AQUATIC THERAPY ARE OFFERED IN THE HEALTH CARE CENTER TO RESIDENTS WHO MAY NEED TO REGAIN THEIR STRENGTH AFTER A JOINT REPLACEMENT, A SURGERY OR OTHER HOSPITALIZATION. THE HEALTH CARE CENTER HAS 44 PRIVATE ROOMS FOR NURSING CARE, IS LICENSED AS COMPREHENSIVE CARE, AND HAS AN ANNUAL ESTIMATED 12,000 CENSUS DAYS. AVERAGE OCCUPANCY FOR THE FISCAL YEAR WAS 26 PERMANENT AND TEMPORARY LIFECARE RESIDENTS AND 8 PER DIEM RESIDENTS.
ASSISTED LIVING - COMPRISED OF RESIDENTIAL CARE AND MEMORY CARE, OUR ASSISTED LIVING-LEVEL OF SERVICE OFFERS A TRANSITION BETWEEN INDEPENDENT LIVING AND THE HEALTH CARE CENTER. FOR RESIDENTS WITH TEMPORARY OR PERMANENT PHYSICAL OR COGNITIVE CHALLENGES WHO ARE STILL SAFE AND COMFORTABLE WITH AN AUTONOMOUS LIFESTYLE, RESIDENTIAL CARE CAN OFFER JUST ENOUGH SUPPORT AND SAFETY WITHOUT TOO MUCH INTERVENTION. AS A RESULT OF RENOVATIONS COMPLETED IN DECEMBER 2019, THE COMMUNITY OFFERS 15 RESIDENTIAL CARE APARTMENTS AND 26 MEMORY CARE APARTMENTS FOR RESIDENTS WITH AN ESTIMATED ANNUAL 12,190 CENSUS DAYS. AVERAGE OCCUPANCY FOR THE FISCAL YEAR WAS 33.4 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary (until 7/22) | OfficerTrustee | 0.9 | $0 |
Name Not Listed Chair | OfficerTrustee | 0.9 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.9 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.9 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.9 | $0 |
Name Not Listed Board Member | Trustee | 0.9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Considine Contracting Group Llc Contracting Services | 6/29/23 | $1,584,619 |
Carder Contracting Contracting Services | 6/29/23 | $585,451 |
Powerback Rehabilitation Therapy Services | 6/29/23 | $566,341 |
Single Digits It Services | 6/29/23 | $630,452 |
Levlane Advertising | 6/29/23 | $431,614 |
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 | $148,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,567 |
| Total Program Service Revenue | $27,986,123 |
| Investment income | $922,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,101 |
| Net Gain/Loss on Asset Sales | -$128,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,156,660 |
| 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. | $642,308 |
| Compensation of current officers, directors, key employees. | $642,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,012,160 |
| Pension plan accruals and contributions | $186,857 |
| Other employee benefits | $1,528,275 |
| Payroll taxes | $713,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $233,132 |
| Fees for services: Accounting | $186,949 |
| Fees for services: Lobbying | $956 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,274 |
| Fees for services: Other | $3,240,674 |
| Advertising and promotion | $97,748 |
| Office expenses | $1,069,530 |
| Information technology | $14,965 |
| Royalties | $0 |
| Occupancy | $2,353,824 |
| Travel | $55,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,055,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,562,011 |
| Insurance | $389,421 |
| All other expenses | $388,114 |
| Total functional expenses | $29,930,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,397 |
| Savings and temporary cash investments | $7,800,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $451,355 |
| 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 | $231,472 |
| Net Land, buildings, and equipment | $101,032,254 |
| Investments—publicly traded securities | $24,401,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,060,176 |
| Total assets | $139,980,404 |
| Accounts payable and accrued expenses | $2,416,264 |
| Grants payable | $0 |
| Deferred revenue | $89,169,756 |
| Tax-exempt bond liabilities | $50,794,985 |
| 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 | $3,410,189 |
| Total liabilities | $145,791,194 |
| Net assets without donor restrictions | -$8,873,048 |
| Net assets with donor restrictions | $3,062,258 |
| 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 | $139,980,404 |