Winchester Retirement Place Inc
- Assets
- $2.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Winchester, KY
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 61-1370614
Organization Overview
Winchester Retirement Place Inc is located in Winchester, KY. The organization was established in 2001. 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 12/2022, Winchester Retirement Place Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchester Retirement 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 12/2022, Winchester Retirement Place Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ASSISTED LIVING COMMUNITY FOR THE ELDERLY WITH TOWNHOMES FOR SALE AND APARTMENTS FOR RENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ASSISTED LIVING COMMUNITY WITH COTTAGES FOR SALE AND APARTMENTS FOR RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Davis President | OfficerTrustee | 0 | $0 |
Zella Rosenthal Vice President | OfficerTrustee | 0 | $0 |
Linda Ormsby Secretary | OfficerTrustee | 0 | $0 |
Ed Mesta Treasurer | OfficerTrustee | 0 | $0 |
Robert L Baldwin Director | Trustee | 0 | $0 |
Randy Todd Director | Trustee | 0 | $0 |
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 | $29,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,771 |
| Total Program Service Revenue | $1,383,023 |
| Investment income | $2,955 |
| 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 | $639,893 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,081,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,297 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,075 |
| Pension plan accruals and contributions | $18,645 |
| Other employee benefits | $91,430 |
| Payroll taxes | $66,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $744 |
| Fees for services: Accounting | $20,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $360 |
| Fees for services: Other | $1,659 |
| Advertising and promotion | $63,132 |
| Office expenses | $36,732 |
| Information technology | $14,616 |
| Royalties | $0 |
| Occupancy | $162,732 |
| Travel | $169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,895 |
| Insurance | $122,466 |
| All other expenses | $0 |
| Total functional expenses | $2,352,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $251,259 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,527,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,868 |
| Total assets | $2,943,506 |
| Accounts payable and accrued expenses | $35,148 |
| 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 | $673,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,681 |
| Total liabilities | $904,277 |
| Net assets without donor restrictions | $1,355,229 |
| Net assets with donor restrictions | $684,000 |
| 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 | $2,943,506 |