Wichita Falls Retirement Foundation

Organization Overview

Wichita Falls Retirement Foundation, operating under the name Rolling Meadows, is located in Wichita Falls, TX. The organization was established in 1983. 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 12/2023, Rolling Meadows employed 302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolling Meadows 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 12/2023, Rolling Meadows generated $10.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

LOVE AND CARING ARE THE CENTER OF LIFE AT ROLLING MEADOWS. ROLLING MEADOWS WAS FOUNDED ON THE BIBLICAL BELIEF THAT EACH PERSON'S LIFE IS A GIFT FROM GOD AND IS MEANT TO BE LIVED IN DIGNITY, COMFORT AND SECURITY. ROLLING MEADOWS SEEKS TO PROVIDE THE ENVIRONMENT FOR THE FULFILLMENT OF THAT GOD-GIVEN RIGHT, AND THE STAFF WORKS TO PROVIDE THE SERVICES, WHICH ARE INTEGRAL TO SATISFYING SENIOR ADULTS. THE ORGANIZATION IS GUIDED BY CHRISTIAN PRINCIPLES. IT IS THE ORGANIZATION'S DESIRE AND INTENT TO PROVIDE A PLACE, PROGRAM, TYPE OF CARE AND PHILOSOPHY THAT WILL MAKE LIFE PLEASANT, MEANINGFUL, AND SECURE FOR EACH RESIDENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION OWNS & OPERATES A 170 UNIT RETIREMENT COMMUNITY, PERSONAL HEALTH CARE CENTER, AND AN ASSISTED LIVING MEMORY CARE FACILITY. THE FACILITY PROVIDES VARIOUS SERVICES FOR THE ELDERLY COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Silverman
Chairman Of The Board
$0
Mike Crocker
Vice Chairman Of The Board
$0
Monica Horton
Secretary
$0
Dr Clara Latham
Member
$0
Gary Southard
Member
$0
Jeanmarie Baer
Member
$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$17,711
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$17,711
Total Program Service Revenue$9,925,099
Investment income $603,931
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,600
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,552,341

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