Air Force Retired Officers Community-Washington Dc
- Assets
- $133.4m
- Revenue
- $32.0m
- Investments
- $53.2k
- Employees
- 362
- Location
- Potomac Falls, VA
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 52-1404857
Organization Overview
Air Force Retired Officers Community-Washington Dc, operating under the name Falcons Landing, is located in Potomac Falls, VA. The organization was established in 1985. 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 12/2021, Falcons Landing employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falcons Landing 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, Falcons Landing generated $32.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $31.7m during the year ending 12/2021. While expenses have increased by 1.2% 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
FALCONS LANDING PROVIDES HOUSING AND SERVICES VIA A CONTINUING CARE RETIREMENT COMMUNITY TO RETIRED AND HONORABLY DISCHARGED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOOD AND OTHER SERVICES TO 409 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY
PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 90 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY
85,400 IN RESIDENT DONATIONS TO THE LOCAL FIRE RESCUE SQUAD. AWARDED 70,000 IN SCHOLARSHIPS TO LOUDOUN COUNTY HIGH SCHOOL SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Handley CEO | Officer | 40 | $245,000 |
Hardy Lister CFO | Officer | 40 | $244,421 |
Fred Simpson Hr Director | 40 | $174,682 | |
Llena Staana Don | 40 | $158,339 | |
Lisa Degilio Np | 40 | $150,940 | |
Robert Besserer Dining Dir | 40 | $148,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruff Roofing And Sheet Metal Inc Construction | 12/30/21 | $1,155,195 |
Select Rehabilitation Llc Therapy | 12/30/21 | $525,207 |
The Whiting Turner Cont Com Construction | 12/30/21 | $1,027,961 |
Dcmc Construction | 12/30/21 | $509,835 |
Best Choice Construction Construction | 12/30/21 | $1,093,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $652,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,430 |
| Total Program Service Revenue | $30,602,495 |
| Investment income | $280,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $451,329 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,999,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,621 |
| Compensation of current officers, directors, key employees. | $544,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,364,586 |
| Pension plan accruals and contributions | $308,076 |
| Other employee benefits | $1,364,671 |
| Payroll taxes | $985,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,909 |
| Fees for services: Accounting | $55,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,236 |
| Advertising and promotion | $572,773 |
| Office expenses | $113,249 |
| Information technology | $800,185 |
| Royalties | $0 |
| Occupancy | $1,019,351 |
| Travel | $485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,154 |
| Interest | $627,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,824,543 |
| Insurance | $608,571 |
| All other expenses | $1,032,024 |
| Total functional expenses | $31,691,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,465 |
| Savings and temporary cash investments | $8,237,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,141,728 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,274,053 |
| Net Land, buildings, and equipment | $105,950,849 |
| Investments—publicly traded securities | $15,097,184 |
| Investments—other securities | $53,196 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,423,947 |
| Accounts payable and accrued expenses | $5,254,525 |
| Grants payable | $0 |
| Deferred revenue | $36,473,771 |
| Tax-exempt bond liabilities | $49,893,764 |
| 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 | $40,236,940 |
| Total liabilities | $131,859,000 |
| Net assets without donor restrictions | $476,944 |
| Net assets with donor restrictions | $1,088,003 |
| 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 | $133,423,947 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Air Force Retired Officers Community-Washington Dc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |