Sun Health Grandview Terrace
- Assets
- $76.8m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 373
- Location
- Sun City West, AZ
- Founding
- 10/2019
- Data as of
- 06/2021
- EIN
- 83-2576991
Organization Overview
Sun Health Grandview Terrace is located in Sun City West, AZ. The organization was established in 2019. 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 06/2023, Sun Health Grandview Terrace employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Health Grandview Terrace 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, Sun Health Grandview Terrace generated $22.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $22.4m during the year ending 06/2021. While expenses have increased by 17.4% per year over the past 4 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
GRANDVIEW TERRACE BRINGS NEW MEANING TO ALL-INCLUSIVE INDEPENDENT LIVING THAT COMBINES AMENITIES, CONVENIENCE, WELLNESS, AND EMPOWERED LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUN HEALTH GRANDVIEW TERRACE OPERATES A 288-RESIDENCE LIFE CARE INDEPENDENT LIVING COMMUNITY AND A 115-BED HEALTH AND REHABILITATION CENTER. THE HEALTH AND REHABILITATION CENTER PROVIDES SKILLED NURSING, MEMORY SUPPORT, AND ASSISTED LIVING CARE TO ITS RESIDENTS AND OTHER COMMUNITY RESIDENTS. SUN HEALTH SERVICES AN ARIZONA NONPROFIT CORPORATION, IS TAX EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THE SOLE MEMBER OF GRANDVIEW. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E La Rue President & CEO | OfficerTrustee | 2 | $0 |
Sharon Grambow CFO End 3/23 | Officer | 2 | $0 |
Tahlya Visintainer COO End 8/22 | Officer | 8 | $0 |
Carla Wright Senior VP Of Finance End 3/23 | 2 | $0 | |
Vince Benbenek Chief Marketing Off. End 10/22 | Officer | 2 | $0 |
Paul Vanderveen VP Re Pln & Dvlpmt End 12/22 | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Community Living Senior Living Svcs | 6/29/23 | $1,872,092 |
Staffu Llc Nursing Registry | 6/29/23 | $1,821,768 |
Select Rehabilitation Llc Rehabilitation | 6/29/23 | $1,504,223 |
Albrecht And Son Llc Remodeling | 6/29/23 | $1,212,431 |
Shiftkey Llc Staffing | 6/29/23 | $495,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $433,981 |
| Investment income | $1,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,129,661 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $7,933,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,335,488 |
| Payroll taxes | $640,907 |
| Fees for services: Management | $932,261 |
| Fees for services: Legal | $172,301 |
| Fees for services: Accounting | $60,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,445,640 |
| Advertising and promotion | $126,721 |
| Office expenses | $390,976 |
| Information technology | $324,578 |
| Royalties | $0 |
| Occupancy | $1,091,636 |
| Travel | $32,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $699,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,888,886 |
| Insurance | $538,631 |
| All other expenses | $0 |
| Total functional expenses | $22,442,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,267 |
| Savings and temporary cash investments | $1,383,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $796,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,925 |
| Prepaid expenses and deferred charges | $47,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,641,949 |
| Total assets | $76,777,637 |
| Accounts payable and accrued expenses | $30,245,901 |
| Grants payable | $0 |
| Deferred revenue | $20,787,082 |
| Tax-exempt bond liabilities | $30,190,248 |
| 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 | $13,787,000 |
| Total liabilities | $95,010,231 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$18,232,594 |