Harding Place Inc
- Assets
- $4.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Searcy, AR
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 71-0780709
Organization Overview
Harding Place Inc is located in Searcy, AR. The organization was established in 1996. 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 06/2021, Harding Place Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harding 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 06/2021, Harding Place Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
THE MISSION OF HARDING PLACE RETIREMENT IS TO PROVIDE EXCEPTIONAL, VALUE-CENTERED AND COST-EFFECTIVE RESIDENTIAL ALTERNATIVES FOR OLDER ADULTS WHICH MEET IDENTIFIED NEEDS OF PROSPECTIVE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARDING PLACE PROVIDED COMPLETE LIVING FACILITIES FOR MATURE INDIVIDUALS OVER 55 YEARS OF AGE, INCLUDING MEALS, SALON SERVICES, HOUSEKEEPING, PLANNED ACTIVITIES, TRANSPORTATION AND EXERCISE EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Hall Secretary | Officer | 1 | $0 |
David Burks President | Officer | 1 | $0 |
Michael Justus Board Member | Trustee | 1 | $0 |
David Waldron Board Member | Trustee | 1 | $0 |
John Simmons Chairman | Trustee | 1 | $0 |
Bruce Mclarty President | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,557 |
| 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 | $25,557 |
| Total Program Service Revenue | $3,096,994 |
| Investment income | $110 |
| 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 | $3,122,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| 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 | $1,150,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,854 |
| Advertising and promotion | $104,910 |
| Office expenses | $140,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,774 |
| Travel | $6,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,146 |
| Interest | $73,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,736 |
| Insurance | $35,982 |
| All other expenses | $229,087 |
| Total functional expenses | $3,086,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,362 |
| Savings and temporary cash investments | $324,566 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $12,642 |
| Net Land, buildings, and equipment | $4,229,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,600,462 |
| Accounts payable and accrued expenses | $313,478 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,755,790 |
| 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 | $0 |
| Total liabilities | $3,069,268 |
| Net assets without donor restrictions | $1,531,194 |
| 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 | $4,600,462 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Woldenberg Village Inc New Orleans, LA | $27,827,418 | $14,584,574 |
Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |
Lutheran Senior Citizens Inc Oklahoma City, OK | $21,167,432 | $11,372,456 |
Abes Garden Nashville, TN | $36,175,841 | $14,527,368 |
Lutheran Sunset Ministries Clifton, TX | $33,524,752 | $11,876,398 |