Ccrc Inc
- Assets
- $3.2m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 54-1929580
Organization Overview
Ccrc Inc is located in Lynchburg, VA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ccrc 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 12/2021, Ccrc Inc generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
CONTINUING CARE RETIREMENT CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO PROGRAM SERVICE ACTIVITIES IN 2022.
CCRC, INC. WAS A CONTINUING CARE RETIREMENT COMMUNITY INCORPORATED ON DECEMBER 8, 1998, TO BUILD AND ESTABLISH A SENIOR LIVING COMMUNITY, THE SUMMIT, DEDICATED TO PROVIDING AN ENVIRONMENT FOR EACH RESIDENT TO BE ENGAGED IN LIFE. THE SUMMIT CONSISTED OF 85 INDEPENDENT LIVING APARTMENTS, 16 GARDEN HOMES AND A COMMUNITY ROOM ON A CAMPUS THAT INCLUDES AN 8 1/2-ACRE LAKE, WALKING TRAILS AND OTHER LANDSCAPE FEATURES. (CONTINUED ON SCHEDULE O.)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Archambeault Director | Trustee | 2 | $0 |
William Bass Jr Director | Trustee | 2 | $0 |
Julie Sledd Secretary | OfficerTrustee | 2 | $0 |
Tracey Jennings President & Chairman | OfficerTrustee | 2 | $0 |
Gina Meadows Dir Of Ccrc (thru Apr 2021) | Officer | 50 | $53,956 |
Bill Spangler-Dunning Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether-godsey Inc Catering Services | 12/30/21 | $543,647 |
H2c Consulting | 12/30/21 | $411,066 |
Hancock Daniel Johnson Pc Consulting | 12/30/21 | $178,135 |
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 | $3,074,337 |
| Investment income | $1,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,386,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,845,735 |
| 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. | $62,287 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,822 |
| Pension plan accruals and contributions | $13,793 |
| Other employee benefits | $148,009 |
| Payroll taxes | $0 |
| Fees for services: Management | $97,785 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,176 |
| Fees for services: Other | $560,497 |
| Advertising and promotion | $84,470 |
| Office expenses | $379,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $334,935 |
| Travel | $693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $7,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $624,949 |
| Insurance | $44,619 |
| All other expenses | $3,677 |
| Total functional expenses | $2,928,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,202,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,630 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,215,074 |
| Accounts payable and accrued expenses | $1,549,395 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,665,679 |
| Total liabilities | $3,215,074 |
| Net assets without donor restrictions | $0 |
| 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 | $3,215,074 |