Sun Valley Lodge
- Assets
- $5.5m
- Revenue
- $2.5m
- Investments
- $11.6k
- Employees
- 99
- Location
- Colorado Springs, CO
- Founding
- 05/1971
- Data as of
- 09/2023
- EIN
- 86-0199887
Organization Overview
Sun Valley Lodge is located in Colorado Springs, CO. The organization was established in 1971. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Sun Valley Lodge employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Valley Lodge 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 09/2023, Sun Valley Lodge generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $4.0m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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
TO PROVIDE AFFORDABLE, QUALITY LIVING CHOICES FOR SENIORS IN A TRUSTING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING PROGRAM SERVICES ARE PROVIDED TO RESIDENTS IN ONE OF THE 73 STUDIO OR ONE BEDROOM APARTMENTS. RESIDENTS CAN CHOOSE FROM A NUMBER OF SERVICES TO CREATE A PACKAGE OF CARE THAT BEST SUITS THEIR NEEDS. SUN VALLEY LODGE IS LICENSED FOR ASSISTED LIVING BY THE ARIZONA DEPARTMENT OF HEALTH SERVICES LICENSE AL4866C.
WE OFFER INDEPENDENT LIVING IN OUR TWO BEDROOM GARDEN APARTMENTS THAT INCLUDES DAILY MEALS, EMERGENCY ACCESS TO OUR CAREGIVERS, AROUND THE CLOCK MAINTENANCE, AND ACCESS TO ALL OUR COMMUNITY AMENITIES AND FUNCTIONS. WE ALSO OFFER INDEPENDENT LIVING IN OUR INN LIVING STUDIO AND ONE BEDROOM APARTMENTS WHERE THEY WILL RECEIVE THREE MEALS A DAY AND WEEKLY HOUSEKEEPING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Rasic President & | OfficerTrustee | 5 | $0 |
Dan Vagle Vice Chair O | OfficerTrustee | 1 | $0 |
Rick Summers Vice Preside | OfficerTrustee | 5 | $0 |
Nathan Merrill Treasurer | OfficerTrustee | 3 | $0 |
Jenny Kennedy Secretary | OfficerTrustee | 1 | $0 |
Tom Workman Assistant Se | Officer | 0.5 | $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 | $11,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,978 |
| Total Program Service Revenue | $2,325,325 |
| Investment income | $110,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,490,595 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,107,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$5,133 |
| Payroll taxes | $170,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,085 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,657 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $223,857 |
| All other expenses | $311,217 |
| Total functional expenses | $3,983,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,778 |
| Accounts receivable, net | $692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,534 |
| Prepaid expenses and deferred charges | $28,954 |
| Net Land, buildings, and equipment | $2,885,109 |
| Investments—publicly traded securities | $2,354,888 |
| Investments—other securities | $11,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,723 |
| Total assets | $5,456,331 |
| Accounts payable and accrued expenses | $237,899 |
| 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 | $87,255 |
| Total liabilities | $325,154 |
| Net assets without donor restrictions | $5,131,177 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,456,331 |