Woodland Ridge Senior Living Inc
- Assets
- $3.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 81
- Location
- Roswell, GA
- Founding
- 03/1998
- Data as of
- 08/2023
- EIN
- 58-2335303
Organization Overview
Woodland Ridge Senior Living Inc is located in Roswell, GA. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Woodland Ridge Senior Living Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodland Ridge Senior Living 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 08/2023, Woodland Ridge Senior Living Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.5m during the year ending 08/2023. While expenses have increased by 0.8% 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 OWN AND OPERATE ASSISTED LIVING FACILITIES THAT WILL PROVIDE SPECIALIZED SERVICES FOR THE ELDERLY AND FOR INDIVIDUALS WITH ALZHEIMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE ASSISTED LIVING FACILITIES THAT PROVIDE SPECIALIZED SERVICES FOR THE ELDERLY AND FOR INDIVIDUALS SUFFERING FROM ALZHEIMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Barcroft Director | Trustee | $0 | |
Sam Belcher Director | Trustee | $0 | |
Kevin Butts Director | Trustee | $0 | |
Connie Cheren Director | Trustee | $0 | |
Denice Josey Director | Trustee | $0 | |
Steve Josey Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,715 |
| Total Program Service Revenue | $2,245,111 |
| Investment income | $21,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,342,021 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,295,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,093 |
| Payroll taxes | $94,382 |
| Fees for services: Management | $90,000 |
| Fees for services: Legal | $1,788 |
| Fees for services: Accounting | $10,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,030 |
| Advertising and promotion | $41,983 |
| Office expenses | $126,966 |
| Information technology | $6,123 |
| Royalties | $0 |
| Occupancy | $212,576 |
| Travel | $6,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,663 |
| Insurance | $117,660 |
| All other expenses | $0 |
| Total functional expenses | $2,452,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,123 |
| Savings and temporary cash investments | $1,041,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,405 |
| 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 | $44,288 |
| Net Land, buildings, and equipment | $2,000,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,225,906 |
| Accounts payable and accrued expenses | $172,359 |
| Grants payable | $0 |
| Deferred revenue | $21,336 |
| 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 | $1,629,781 |
| Unsecured mortgages and notes payable | $145,229 |
| Other liabilities | $0 |
| Total liabilities | $1,968,705 |
| Net assets without donor restrictions | $1,257,201 |
| 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 | $3,225,906 |