El Castillo Retirement Residences
- Assets
- $122.2m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 186
- Location
- Santa Fe, NM
- Founding
- 04/1971
- Data as of
- 06/2022
- EIN
- 85-0211735
Organization Overview
El Castillo Retirement Residences, operating under the name El Castillo Residences, is located in Santa Fe, NM. The organization was established in 1971. 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 06/2022, El Castillo Residences employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Castillo Residences 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 06/2022, El Castillo Residences generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $12.9m during the year ending 06/2022. While expenses have increased by 5.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF OLDER ADULTS THROUGH COMMUNITY LIVING
Describe the Organization's Program Activity:
EL CASTILLO IS A RETIREMENT COMMUNITY THAT PROVIDES FOUR LEVELS OF CONTINUING AND LONG-TERM CARE: INDEPENDENT LIVING, ASSISTED LIVING, NURSING, AND MEMORY CARE. APPROXIMATELY 151 ELDERLY PERSONS RECEIVED HOUSING, MEALS, AND MEDICAL CARE DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen J Jahner CEO & Administrator | Officer | 40 | $274,332 |
Jean Kessel Director Of Operations & Administrator | 40 | $196,939 | |
Cheryl Pick Sommer President | OfficerTrustee | 5 | $0 |
Kenneth Romero Vice President | OfficerTrustee | 5 | $0 |
J Barry Gerst Treasurer | OfficerTrustee | 5 | $0 |
Janie Thelin Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John G Rehders General Contractors Construction | 6/29/19 | $371,451 |
Gdc New Mexico Consultant | 6/29/19 | $239,825 |
Cura Hospitality Food Service Mgmt Fee | 6/29/19 | $204,567 |
Travers Mechanical Mechanical Svc | 6/29/19 | $180,302 |
Three Living Architecture Architecture | 6/29/19 | $555,736 |
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 | $11,275,994 |
| Investment income | $279,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,791 |
| Net Gain/Loss on Asset Sales | -$208,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,771,221 |
| 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. | $512,098 |
| Compensation of current officers, directors, key employees. | $512,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,770,300 |
| Pension plan accruals and contributions | $60,722 |
| Other employee benefits | $430,427 |
| Payroll taxes | $373,147 |
| Fees for services: Management | $319,365 |
| Fees for services: Legal | $84,030 |
| Fees for services: Accounting | $47,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,197 |
| Fees for services: Other | $339,333 |
| Advertising and promotion | $74,162 |
| Office expenses | $119,610 |
| Information technology | $12,490 |
| Royalties | $0 |
| Occupancy | $538,698 |
| Travel | $5,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,417,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,608,263 |
| Insurance | $307,838 |
| All other expenses | $282,416 |
| Total functional expenses | $12,927,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,734 |
| Savings and temporary cash investments | $12,108,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,722 |
| 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 | $42,928 |
| Net Land, buildings, and equipment | $95,944,059 |
| Investments—publicly traded securities | $13,826,382 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,526 |
| Total assets | $122,205,602 |
| Accounts payable and accrued expenses | $1,504,558 |
| Grants payable | $0 |
| Deferred revenue | $41,163,993 |
| Tax-exempt bond liabilities | $64,468,289 |
| 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 | $2,503,969 |
| Total liabilities | $109,640,809 |
| Net assets without donor restrictions | $12,426,180 |
| Net assets with donor restrictions | $138,613 |
| 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 | $122,205,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that El Castillo Retirement Residences has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Frost Foundation Santa Fe, NM PURPOSE: OPERATING | $3,000 |
Endowment Analysis
| Beg. Balance | $55,680 |
| Ending Balance | $55,680 |
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