Senior Living Foundation Inc Perimeter 400 Center
- Assets
- $11.7m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 270
- Location
- Dunwoody, GA
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 58-1838041
Organization Overview
Senior Living Foundation Inc Perimeter 400 Center is located in Dunwoody, GA. The organization was established in 2008. 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. As of 12/2023, Senior Living Foundation Inc Perimeter 400 Center employed 270 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Living Foundation Inc Perimeter 400 Center 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, Senior Living Foundation Inc Perimeter 400 Center generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. 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
THE ORGANIZATION WAS FORMED TO PROMOTE HEALTH BY OFFERING ELDERLY CITIZENS VIABLE CHOICES IN ALTERNATE LIVING ARRANGEMENTS DESIGNED TO MEET THEIR VARIOUS LEVELS OF NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE FOR THE ELDERLY WHICH INCLUDES INTERMEDIATE OR SKILLED NURSING CARE, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY,AND EXTENSIVE ACTIVITIES PROGRAMMING. TOTAL PATIENT DAYS WERE 27,115 DURING THE YEAR ENDED 12/31/23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winston Allen Porter III Managing Director | OfficerTrustee | 12 | $50,000 |
David Marvin Director | Trustee | 1 | $0 |
Chuck Powell Director | Trustee | 1 | $0 |
Steve Pickin Chairman Of The Board | OfficerTrustee | 1 | $0 |
Chris Morrison Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Middle Tn Pharmacy Services Pharmacy | 12/30/23 | $274,989 |
Gordon Food Service Food Services | 12/30/23 | $366,076 |
Progressive Medical Concepts Medical Services | 12/30/23 | $190,563 |
Makline Dietary Services | 12/30/23 | $158,135 |
Turenne Pharmedco Pharmacy | 12/30/23 | $114,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,118,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,118,732 |
| Total Program Service Revenue | $8,756,958 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,888,248 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,416,946 |
| Pension plan accruals and contributions | $20,265 |
| Other employee benefits | $551,702 |
| Payroll taxes | $444,062 |
| Fees for services: Management | $450,000 |
| Fees for services: Legal | $56,864 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $708,730 |
| Advertising and promotion | $34,412 |
| Office expenses | $15,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,232 |
| Travel | $5,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,617 |
| Interest | $888,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,808 |
| Insurance | $119,857 |
| All other expenses | $146,899 |
| Total functional expenses | $11,450,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $833,348 |
| 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 | $26,545 |
| Net Land, buildings, and equipment | $2,733,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,127,347 |
| Total assets | $11,720,299 |
| Accounts payable and accrued expenses | $3,104,993 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,363,489 |
| 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 | $7,165,199 |
| Total liabilities | $20,633,681 |
| Net assets without donor restrictions | -$8,922,758 |
| Net assets with donor restrictions | $9,376 |
| 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 | $11,720,299 |