Richland Place Inc
- Assets
- $29.3m
- Revenue
- $24.5m
- Investments
- $0.0
- Employees
- 319
- Location
- Murfreesboro, TN
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 58-1818877
Organization Overview
Richland Place Inc is located in Murfreesboro, TN. The organization was established in 1989. 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, Richland Place Inc employed 319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland 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 12/2021, Richland Place Inc generated $24.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $24.8m during the year ending 12/2021. While expenses have increased by 1.6% 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
CONTINUING CARE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CONTINUING CARE RETIREMENT CENTER COMPRISED OF 137 RETIREMENT APARTMENTS AND A 131 BED LONG-TERM HEALTH CARE CENTER (107 NURSING BEDS AND 24 ASSISTED LIVING BEDS)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marette Wood Director Of Rehab | 40 | $107,653 | |
Julie Stephens Rn | 40 | $97,156 | |
Tina Fayette Director Of Nursin | 40 | $95,152 | |
Kathleen Gross Director Of Social | 40 | $94,014 | |
Indianna Thompson Don | 40 | $88,582 | |
Blair Wilson Board Chair | OfficerTrustee | 1 | $2,000 |
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 | $24,478,373 |
| Investment income | $6,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,492,875 |
| 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. | $19,400 |
| Compensation of current officers, directors, key employees. | $19,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,806,173 |
| Pension plan accruals and contributions | $47,653 |
| Other employee benefits | $833,894 |
| Payroll taxes | $689,379 |
| Fees for services: Management | $1,228,880 |
| Fees for services: Legal | $6,633 |
| Fees for services: Accounting | $25,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $75,018 |
| Royalties | $0 |
| Occupancy | $1,566,795 |
| Travel | $732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,596 |
| Interest | $61,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,680,280 |
| Insurance | $354,099 |
| All other expenses | $1,031,595 |
| Total functional expenses | $24,770,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360 |
| Savings and temporary cash investments | $4,570,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,432,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,055 |
| Prepaid expenses and deferred charges | $91,501 |
| Net Land, buildings, and equipment | $16,516,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,566,478 |
| Total assets | $29,322,496 |
| Accounts payable and accrued expenses | $2,352,427 |
| Grants payable | $0 |
| Deferred revenue | $28,281,550 |
| Tax-exempt bond liabilities | $7,460,048 |
| 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 | $3,807,718 |
| Total liabilities | $41,901,743 |
| Net assets without donor restrictions | -$12,579,247 |
| 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 | $29,322,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
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 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |