Ingleside Presbyterian Retirement Community Inc, operating under the name Ingleside At Rock Creek, is located in Rockville, MD. The organization was established in 1940. 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 12/2023, Ingleside At Rock Creek employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingleside At Rock Creek 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 12/2023, Ingleside At Rock Creek generated $36.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $41.9m during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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
PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC., (IRC) THROUGH ITS GOVERNANCE, MANAGEMENT AND RESIDENTS, IS A LICENSED CONTINUING CARE RETIREMENT COMMUNITY (CCRC). INGLESIDE AT ROCK CREEK HAS A DEEP UNDERSTANDING OF THE CHANGING NEEDS THAT SOMETIMES ACCOMPANY RESIDENTS AS THEY AGE. AS A CCRC, WE OFFER INDEPENDENT, ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND NURSING CARE TO MEET ALL OF OUR RESIDENTS' NEEDS.LOCATED IN WASHINGTON DC, THE COMMUNITY CONSISTS OF 233 INDEPENDENT LIVING UNITS, 21 ASSISTED LIVING UNITS, 32 MEMORY SUPPORT ASSISTED LIVING UNITS, AND 34 NURSING HOME BEDS.WITH THE SUPPORT OF THE INGLESIDE RESIDENT SUPPORTING FUND, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AS A RESULT OF OUTLIVING HIS OR HER RESOURCES. IN AN EFFORT TO ENSURE THE GREATEST MOBILITY FOR ALL FACILITY RESIDENTS, A WHEELCHAIR ACCESSIBLE BUS AND VAN ARE PROVIDED TO ENABLE ALL RESIDENTS TO GO ON OUTINGS. IMPORTANT TO THE SPIRITUAL CARE OF OUR RESIDENTS, IRC OFFERS BEREAVEMENT AND SUPPORT COUNSELING FOR FAMILIES AND REFERRAL SERVICES. IRC WORKS DAILY TO OBTAIN THE HIGHEST DEGREE OF RESIDENT SATISFACTION.OUR CCRC PROMOTES THE INDIVIDUALITY OF OUR RESIDENTS. WE STRIVE TO FACILITATE AN ENVIRONMENT OF OPEN COMMUNICATION, ENCOURAGING RESIDENT PARTICIPATION IN ACTIVITIES AND PROVIDING US WITH INPUT IN THE DAILY OPERATIONS OF IRC. THE FUNCTION, MAINTENANCE AND APPEARANCE OF OUR FACILITIES ARE OF THE HIGHEST IMPORTANCE. VOLUNTEERS ARE ESSENTIAL TO FULFILLING OUR MISSION. WE ARE GOVERNED BY A VOLUNTEER, COMMUNITY-BASED BOARD OF DIRECTORS. RESIDENTS FROM ALL OVER THE COMMUNITY VOLUNTEER THEIR SERVICES TO ASSIST OTHER RESIDENTS AND TO PROVIDE THE SPECIAL ONE-ON-ONE FRIENDSHIP THAT STAFF CANNOT. RESIDENTS, FAMILY MEMBERS, AND OUTSIDE VOLUNTEERS PROVIDE COUNTLESS HOURS TO ASSIST WITH SPECIAL FUNCTIONS, OUTSIDE FAMILY AND FRIENDS OF THE COMMUNITY PROVIDE FELLOWSHIP. RECENTLY, WE HAVE BEGUN OPENING OUR DOORS TO SENIORS WHO LIVE IN THE NORTHWEST NEIGHBOR'S VILLAGE SURROUNDING OUR COMMUNITY. WE HAVE ENABLED THEM TO JOIN OUR RESIDENTS FOR EDUCATIONAL AND SOCIAL PROGRAMS. OUR INTERESTS IN THE OUTSIDE COMMUNITY INCLUDE EXPANDING PHYSICIAN SERVICES TO ALLOW COMMUNITY MEMBERS GREATER ACCESS TO PRIMARY CARE PHYSICIANS.THE GOOD WORKS OF IRC EXTEND BEYOND OUR WALLS AS WELL. A SAMPLE OF THE MANY COMMUNITY BENEFITS PROVIDED BY IRC INCLUDES VARIOUS COMMUNITY-BASED SUPPORT SYSTEMS. OUR CONFERENCE ROOM IS OPEN TO OUR RESIDENTS AND THEIR FAMILY MEMBERS AS WELL. WE HAVE PROVIDE MEETNG SPACE FOR CHILDREN'S GROUPS AND CHOIRS TO PRACTICE.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE AS NEEDED AND WHEN APPROPRIATE, WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Kuhn Chair | OfficerTrustee | 1.2 | $0 |
Steven Wagner Vice Chairman | OfficerTrustee | 1.2 | $0 |
Jennifer Chandler Hauge Secretary | OfficerTrustee | 1.2 | $0 |
Robert Bremner Director | Trustee | 0.8 | $0 |
Peggy Cecchine Director | Trustee | 0.8 | $0 |
Sally Cox Director | Trustee | 0.8 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Unidine Corporation Dining & Housekeeping Services | 12/30/23 | $2,901,512 |
Kone Inc Elevator Services | 12/30/23 | $450,438 |
Cli Painting Construction Svcs. | 12/30/23 | $1,111,639 |
The Severn Group Hvac Services | 12/30/23 | $440,485 |
Flagship Therapy Services | 12/30/23 | $633,223 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,168,594 |
Government grants | $43,406 |
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 | $1,212,000 |
Total Program Service Revenue | $33,111,697 |
Investment income | $872,544 |
Tax Exempt Bond Proceeds | $286,893 |
Royalties | $0 |
Net Rental Income | $25,093 |
Net Gain/Loss on Asset Sales | -$259,756 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $36,382,558 |
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. | $263,713 |
Compensation of current officers, directors, key employees. | $32,731 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,282,577 |
Pension plan accruals and contributions | $139,350 |
Other employee benefits | $1,205,443 |
Payroll taxes | $855,958 |
Fees for services: Management | $1,886,982 |
Fees for services: Legal | $61,276 |
Fees for services: Accounting | $47,680 |
Fees for services: Lobbying | $160 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $41,750 |
Fees for services: Other | $4,832,920 |
Advertising and promotion | $268,213 |
Office expenses | $205,421 |
Information technology | $104,964 |
Royalties | $0 |
Occupancy | $7,562,684 |
Travel | $20,579 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,138 |
Interest | $179,646 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,331,811 |
Insurance | $239,104 |
All other expenses | $426,932 |
Total functional expenses | $41,935,591 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $114,414 |
Savings and temporary cash investments | $4,195,558 |
Pledges and grants receivable | $38,648 |
Accounts receivable, net | $1,015,537 |
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 | $730,817 |
Net Land, buildings, and equipment | $204,336,035 |
Investments—publicly traded securities | $40,197,522 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,532,264 |
Total assets | $264,160,795 |
Accounts payable and accrued expenses | $4,677,726 |
Grants payable | $0 |
Deferred revenue | $27,380,142 |
Tax-exempt bond liabilities | $100,223,861 |
Escrow or custodial account liability | $123,116 |
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 | $189,990,380 |
Total liabilities | $322,395,225 |
Net assets without donor restrictions | -$71,625,232 |
Net assets with donor restrictions | $13,390,802 |
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 | $264,160,795 |