Eaton Senior Communities Inc
- Assets
- $2.3m
- Revenue
- $252.9k
- Investments
- $2.1m
- Employees
- 44
- Location
- Lakewood, CO
- Founding
- 05/1998
- Data as of
- 09/2022
- EIN
- 84-1432959
Organization Overview
Eaton Senior Communities Inc is located in Lakewood, CO. The organization was established in 1998. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Eaton Senior Communities Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaton Senior Communities 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 09/2022, Eaton Senior Communities Inc generated $252.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES TO OTHER 501(C)(3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES, AND PERFORM RELATED FUNCTIONS FOR AND ON BEHALF OF CORPORATE MEMBERS WHICH ARE EXISTING AFFILIATED 501(C)(3) CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Vagher Chair | OfficerTrustee | 4 | $0 |
Rand Moritzky Vice Chair | OfficerTrustee | 4 | $0 |
Richard Wyse Sec/treasurer | OfficerTrustee | 4 | $0 |
Sandy Bowlin Director | Trustee | 4 | $0 |
Ben Bryan Director | Trustee | 4 | $0 |
Martin Herz Director | Trustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $334,036 |
| Investment income | $136,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$217,196 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| 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. | $172,845 |
| Compensation of current officers, directors, key employees. | $43,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,441 |
| Payroll taxes | $20,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,670 |
| Fees for services: Accounting | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,587 |
| Fees for services: Other | $5,225 |
| Advertising and promotion | $1,832 |
| Office expenses | $194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $9,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,177 |
| All other expenses | $42 |
| Total functional expenses | $1,012,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,765 |
| Savings and temporary cash investments | $7,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $441 |
| 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 | $6,834 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,069,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,959 |
| Total assets | $2,319,535 |
| Accounts payable and accrued expenses | $199,983 |
| 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 | $0 |
| Total liabilities | $199,983 |
| Net assets without donor restrictions | $2,019,543 |
| Net assets with donor restrictions | $100,009 |
| 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 | $2,319,535 |
Grants Awarded
Over the last fiscal year, Eaton Senior Communities Inc has awarded $681,053 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE RESIDENCES AT EATON SENIOR COMMUNITIES PURPOSE: TRANSFER OF PPP LOAN FORGIVENESS GRANT | $370,500 |
ROGER WILLIAMS MANOR II PURPOSE: RELATED PARTY DEBT FORGIVENESS | $310,553 |