Columbia Vantage House Corporation
- Assets
- $55.2m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 234
- Location
- Columbia, MD
- Founding
- 10/1987
- Data as of
- 06/2023
- EIN
- 52-1533715
Organization Overview
Columbia Vantage House Corporation, operating under the name Residences At Vantage Point, is located in Columbia, MD. The organization was established in 1987. 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, Residences At Vantage Point employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residences At Vantage Point 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, Residences At Vantage Point generated $18.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $19.7m during the year ending 06/2023. While expenses have increased by 2.5% 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
TO OPERATE A NON-DENOMINATIONAL SENIOR LIVING CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING: INCLUSIVE OF DINING, SOCIAL, CULTURAL, AND WELLNESS PROGRAMS. TOTAL INDEPENDENT LIVING DAYS FOR THE FISCAL YEAR ENDED JUNE 30, 2023 WERE 78,963.
HEALTH CARE: 24 HOUR NURSING AND HEALTH CARE INCLUSIVE OF COMPREHENSIVE CARE, ASSISTED LIVING, AND MEMORY CARE. FOR THE YEAR ENDED JUNE 30, 2023, TOTAL SKILLED NURSING DAYS WERE 6,619, TOTAL ASSISTED LIVING DAYS WERE 7,340, AND TOTAL MEMORY CARE DAYS WERE 5,354.THE RESIDENTIAL SERVICE AGENCY PROVIDES SUPPORT TO RESIDENTS TO REMAIN INDEPENDENT. ASSISTED LIVING SUPPORTS RESIDENTS WITH ACTIVITIES OF DAILY LIVING. MEMORY CARE SUPPORTS RESIDENTS LIVING WITH VARIOUS FORMS OF DEMENTIA. THE SKILLED NURSING FACILITY PROVIDES RESIDENTS WITH 24-HOUR NURSING AND REHABILITATION SUCH AS PHYSICAL, SPEECH, OR OCCUPATIONAL THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Swakopf Director Of Marketing | 40 | $132,586 | |
Michael Prempeh Licensed Practical Nurse | 56 | $122,812 | |
Kristie Miller Director Of Finance | Officer | 40 | $113,849 |
Fatmatu Barrie Director Of Health Service | 40 | $121,264 | |
Kathryn Travers Lifestyle Advisor | 40 | $122,614 | |
Paul Dutton Director Of Human Resources | 40 | $102,820 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Services Administrative And Management Services | 6/29/23 | $985,118 |
Anytime Construction Construction/ Renovation Services | 6/29/23 | $530,756 |
Flo-tron Contracting Hvac And Equipment Services | 6/29/23 | $375,726 |
Encore Rehabilitation Services Physical, Speech, Occupational Therapy | 6/29/23 | $435,889 |
Manders Companies Painting/renovation Services | 6/29/23 | $357,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $11 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,511 |
| Total Program Service Revenue | $18,050,950 |
| Investment income | $281,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,342 |
| Net Gain/Loss on Asset Sales | -$197,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,231,889 |
| 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. | $134,964 |
| Compensation of current officers, directors, key employees. | $134,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,070,295 |
| Pension plan accruals and contributions | $57,031 |
| Other employee benefits | $518,109 |
| Payroll taxes | $515,694 |
| Fees for services: Management | $488,004 |
| Fees for services: Legal | $5,940 |
| Fees for services: Accounting | $62,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,247 |
| Fees for services: Other | $273,301 |
| Advertising and promotion | $430,698 |
| Office expenses | $28,938 |
| Information technology | $273,754 |
| Royalties | $0 |
| Occupancy | $1,123,734 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,262,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,436,071 |
| Insurance | $328,456 |
| All other expenses | $847,597 |
| Total functional expenses | $19,712,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,900,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $611,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,879 |
| Prepaid expenses and deferred charges | $131,546 |
| Net Land, buildings, and equipment | $35,757,469 |
| Investments—publicly traded securities | $15,970,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $638,117 |
| Other assets | $18,559 |
| Total assets | $55,176,405 |
| Accounts payable and accrued expenses | $1,665,630 |
| Grants payable | $0 |
| Deferred revenue | $62,174,692 |
| Tax-exempt bond liabilities | $43,598,338 |
| 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 | $2,628,040 |
| Total liabilities | $110,066,700 |
| Net assets without donor restrictions | -$54,890,295 |
| 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 | $55,176,405 |