Incarnate Word Retirement Community Inc
- Assets
- $10.1m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 413
- Location
- San Antonio, TX
- Founding
- 03/1946
- Data as of
- 08/2023
- EIN
- 74-1109717
Organization Overview
Incarnate Word Retirement Community Inc, operating under the name The Village At Incarnate Word, is located in San Antonio, TX. The organization was established in 1946. 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 08/2023, Village At Incarnate Word employed 413 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Village At Incarnate Word 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, Village At Incarnate Word generated $20.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $20.0m during the year ending 08/2023. While expenses have increased by 2.7% per year over the past 7 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
PROVIDE CARE, HOUSING, AND SERVICE WHILE OFFERING COMPASSION, COMFORT AND SPIRITUAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RETIREMENT COMMUNITY IS A CENTER FOR BENEVOLENT CHARITABLE SUPPORT AND FOR DISPENSING AID TO SICK AND ELDERLY MEMBERS OF THE CONGREGATION OF THE SISTERS OF THE CHARITY OF THE INCARNATE WORD AND ELDERLY MEMBERS OF THE CIVIC COMMUNITY. THE COMMUNITY HAS PROVIDED CARE TO 532 RESIDENTS INCLUDING 64 SISTERS AND PROVIDED CHARITABLE SUPPORT OF $130,497 THROUGH SUBSIDIES.
THE SISTERS CARE PROGRAM IS AN IN-HOME CARE MINISTRY PROVIDING PERSONALIZED, SELF-ENRICHING ASSISTANCE TO ELDERS OF ALL COLOR AND CREEDS THROUGH PERSONAL CARE, HOMEMAKING, RESPITE CARE, AND SPIRITUAL CARE. HEALTH SERVICES ARE PROVIDED ON A GRADED SCALE BASIS TO THE ELDERLY IN THE RETIREMENT CENTER AND IN THE SURROUNDING COMMUNITY. SISTERS CARE SERVED 233 INDIVIDUALS, PROVIDED 21,690 VISITS, 98,222 HOURS OF SERVICES AND OFFERED CHARITY CARE OF $38,302 THROUGH SUBSIDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aric Garza Trustee | Trustee | 1 | $0 |
Dana Terracina Board Chair | OfficerTrustee | 10 | $0 |
David Mier MBA Trustee (end Term 12/22) | Trustee | 1 | $0 |
Diana Beckmann-Mendez PHD Trustee | Trustee | 1 | $0 |
Geoffrey Crabtree Treasurer | OfficerTrustee | 2 | $0 |
Howard Lutz Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Contract Labor-therapy | 8/30/23 | $243,908 |
Nursecore Management Services Contract Labor-nursing | 8/30/23 | $178,300 |
Texas Chillers Systems Hvac/chiller Repair | 8/30/23 | $139,636 |
Fcu Enterprises Inc Contractor | 8/30/23 | $194,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,114 |
| Related organizations | $0 |
| Government grants | $165,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $952,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,207,785 |
| Total Program Service Revenue | $18,809,735 |
| Investment income | $120,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,627 |
| Net Income from Fundraising Events | -$49,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,530,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $168,799 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $541,194 |
| Compensation of current officers, directors, key employees. | $541,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,157,161 |
| Pension plan accruals and contributions | $79,459 |
| Other employee benefits | $657,211 |
| Payroll taxes | $659,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,254 |
| Fees for services: Accounting | $60,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,204 |
| Fees for services: Other | $105,150 |
| Advertising and promotion | $132,807 |
| Office expenses | $356,094 |
| Information technology | $293,958 |
| Royalties | $0 |
| Occupancy | $4,246,797 |
| Travel | $28,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,220,829 |
| Insurance | $175,001 |
| All other expenses | $0 |
| Total functional expenses | $19,965,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,270 |
| Savings and temporary cash investments | $1,477,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $793,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,482 |
| Prepaid expenses and deferred charges | $364,589 |
| Net Land, buildings, and equipment | $3,412,614 |
| Investments—publicly traded securities | $3,231,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $504,306 |
| Total assets | $10,055,410 |
| Accounts payable and accrued expenses | $1,120,144 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $289,848 |
| Total liabilities | $1,409,992 |
| Net assets without donor restrictions | $8,192,163 |
| Net assets with donor restrictions | $453,255 |
| 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 | $10,055,410 |