Christwood
- Assets
- $68.8m
- Revenue
- $23.3m
- Investments
- $17.5m
- Employees
- 416
- Location
- Covington, LA
- Founding
- 08/1992
- Data as of
- 12/2020
- EIN
- 72-1192571
Organization Overview
Christwood is located in Covington, LA. The organization was established in 1992. 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, Christwood employed 416 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christwood 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 12/2020, Christwood generated $23.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $22.9m during the year ending 12/2020. While expenses have increased by 2.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY CONTAINING APARTMENTS AND A HEALTH-CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Stephen Holzahalb III Executive Officer | Officer | 50 | $236,232 |
Elizabeth Jackson Marketing Director | Officer | 50 | $138,758 |
Thomas Lee Trumble Director Of Financial Serv | Officer | 50 | $135,098 |
Lester Krobert It Manager | 50 | $122,669 | |
Ladonna Allen Hr Director | 50 | $113,509 | |
Tami Perry Chief Operating Officer | Officer | 50 | $107,235 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reinhart Foodservice Llc Food Services | 12/30/21 | $580,066 |
Cleco Utilities | 12/30/21 | $512,651 |
Humana Health Provider | 12/30/21 | $1,036,898 |
Mcmath Construction Construction | 12/30/21 | $433,132 |
Quality Care Rehab Physical Therapy Clinic | 12/30/21 | $395,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $85,462 |
| Government grants | $2,074,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,392,904 |
| Total Program Service Revenue | $20,327,453 |
| Investment income | $516,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,308,360 |
| 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. | $941,973 |
| Compensation of current officers, directors, key employees. | $133,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,436,535 |
| Pension plan accruals and contributions | $166,663 |
| Other employee benefits | $1,313,247 |
| Payroll taxes | $773,093 |
| Fees for services: Management | $360,000 |
| Fees for services: Legal | $66,933 |
| Fees for services: Accounting | $92,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $343,898 |
| Advertising and promotion | $304,640 |
| Office expenses | $128,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $798,669 |
| Travel | $9,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,515 |
| Interest | $1,477,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,191,672 |
| Insurance | $484,640 |
| All other expenses | $836,373 |
| Total functional expenses | $22,899,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,933,506 |
| Savings and temporary cash investments | $1,525,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,277,962 |
| 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 | $263,618 |
| Net Land, buildings, and equipment | $45,314,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,460,105 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,350 |
| Total assets | $68,778,452 |
| Accounts payable and accrued expenses | $1,778,768 |
| Grants payable | $0 |
| Deferred revenue | $21,604,382 |
| Tax-exempt bond liabilities | $27,315,837 |
| 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 | $31,637,694 |
| Total liabilities | $82,336,681 |
| Net assets without donor restrictions | -$13,558,229 |
| 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 | $68,778,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buckingham Senior Living Community Inc Houston, TX | $218,611,316 | $37,036,824 |
Christian Care Center Inc Mesquite, TX | $74,221,740 | $38,224,104 |
Bph Holding Co Inc Houston, TX | $217,127,228 | $37,812,066 |
Morningside Ministries San Antonio, TX | $133,717,947 | $38,051,355 |
Cumberland Rest Home Trinity Terrace Fort Worth, TX | $284,578,418 | $42,657,417 |
Baptist Community Services Amarillo, TX | $103,635,790 | $32,393,349 |
Manor Park Inc Midland, TX | $107,955,732 | $31,983,916 |
The Army Retirement Residence Foundation - San Antonio San Antonio, TX | $4,285,363 | $28,711,677 |
St James Place Of Baton Rouge Baton Rouge, LA | $72,313,074 | $25,820,811 |
Carillon Inc Lubbock, TX | $54,922,935 | $25,109,612 |
Bph Holding Co Inc Austin, TX | $121,151,159 | $22,617,452 |
Christwood Covington, LA | $68,778,452 | $23,308,360 |