Foundation For Senior Living
- Assets
- $40.1m
- Revenue
- $2.9m
- Investments
- $105.4k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 05/1982
- Data as of
- 06/2021
- EIN
- 86-0298945
Organization Overview
Foundation For Senior Living is located in Phoenix, AZ. The organization was established in 1982. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Foundation For Senior Living 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, Foundation For Senior Living generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 6 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.
Since 2018, Foundation For Senior Living has awarded 14 individual grants totaling $5,257,184. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN CARING FOR ARIZONANS SINCE 1974. WE PROVIDE A SAFE HOME FOR NEARLY 1,200 ARIZONANS EACH NIGHT THROUGH THE DEVELOPMENT OF BOTH SINGLE- AND MULTI-FAMILY HOMES AND THE MANAGEMENT OF MULTI-FAMILY AFFORDABLE HOUSING COMPLEXES AND RESIDENTIAL BEHAVIORAL HEALTH GROUP HOMES. ADDITIONALLY, WE TRAIN AND MONITOR SPONSORS OF THE ADULT FOSTER CARE AND ADULT BEHAVIORAL HEALTH THERAPEUTIC HOME PROGRAMS. IN FISCAL YEAR 2020-21, WE PROVIDED MORE THAN 425,000 MEALS TO FAMILIES IN NEED VIA OUR FOOD PANTRIES, CONGREGATE AND HOME-DELIVERED MEAL PROGRAMS. (CONTINUED ON SCHEDULE O)HOME AND COMMUNITY-BASED SERVICES ARE PROVIDED TO ENHANCE INDEPENDENCE FOR PEOPLE OF ALL AGES, INCLUDING ADULT DAY HEALTH CARE, MEDICARE-CERTIFIED HOME HEALTH CARE AND NON-MEDICAL HOME CARE SERVICES. MOREOVER, WE SUPPORT FAMILY CAREGIVERS THROUGH COMPLIMENTARY EDUCATIONAL OFFERINGS, CONNECTIONS TO COMMUNITY RESOURCES, AND MORE THAN 100,000 HOURS OF RESPITE CARE. THE COVID PANDEMIC CONTINUED TO IMPACT MANY OF FSL'S PROGRAMS AND SERVICES WITH SOME SEEING AN INCREASE IN DEMAND AND OTHERS A REDUCTION IN UTILIZATION DUE TO SOCIAL DISTANCING REQUIREMENTS AND/OR WORKFORCE CHALLENGES. TO LEARN MORE ABOUT HOW THE PANDEMIC HAS IMPACTED VARIOUS PROGRAMS, PLEASE SEE SCHEDULE R FOR RELATED ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Komaromy Chair | OfficerTrustee | 1 | $0 |
Gary Hanneman Treasurer | OfficerTrustee | 1 | $0 |
Tom Kelly Secretary | OfficerTrustee | 1 | $0 |
Christina Stoneking Vice Chair | OfficerTrustee | 1 | $0 |
Tom Egan CEO | Officer | 0 | $0 |
Carrie Smith COO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $910,000 |
| Government grants | $741,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,131,983 |
| Total Program Service Revenue | $0 |
| Investment income | $747,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,913,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,025 |
| 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 | $412,413 |
| Pension plan accruals and contributions | $5,140 |
| Other employee benefits | $18,291 |
| Payroll taxes | $27,884 |
| Fees for services: Management | $84,001 |
| 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 | $0 |
| Fees for services: Other | $75,724 |
| Advertising and promotion | $97,509 |
| Office expenses | $40,177 |
| Information technology | $8,666 |
| Royalties | $0 |
| Occupancy | $29,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26 |
| Interest | $784,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,194 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,545,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,285 |
| Savings and temporary cash investments | $1,244,214 |
| Pledges and grants receivable | $2,417,965 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,904,065 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $105,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,235,173 |
| Total assets | $40,133,135 |
| Accounts payable and accrued expenses | $580,137 |
| 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 | $13,846,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,653,718 |
| Total liabilities | $27,079,864 |
| Net assets without donor restrictions | $719,827 |
| Net assets with donor restrictions | $12,333,444 |
| 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 | $40,133,135 |
Grants Awarded
Over the last fiscal year, Foundation For Senior Living has awarded $876,025 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $857,325 |
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $18,700 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Foundation For Senior Living has recieved totaling $2,978,414.
| Awarding Organization | Amount |
|---|---|
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: SUPPORT THE TRUSTEES' NOW IS THE MOMENT CELEBRATION OF OUR COMMUNITY. | $1,600,000 |
Diane And Bruce Halle Foundation Scottsdale, AZ PURPOSE: HUMAN SERVICES | $1,000,000 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: SUPPORT NONPROFIT RECOVERY TO OFFSET COVID-19 CRISIS IMPACTS IN MARICOPA COUNTY. | $100,000 |
Phoenix Community Development And Investment Corporation Phoenix, AZ PURPOSE: ASSISTANCE TO PROVIDE LOW-INCOME SENIORS/FAMILIES WITH NEW AIR CONDITIONING UNITS | $100,000 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: SUPPORT NONPROFIT RECOVERY TO OFFSET COVID-19 CRISIS IMPACTS IN MARICOPA COUNTY. | $100,000 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN PURPOSE: PROVIDE GENERAL OPERATING SUPPORT FOR HOME AND COMMUNITY-BASED SERVICES TO LOW-INCOME SENIORS AND TO HELP OFFSET IMPACTS RELATED TO THE COVID-19 PANDEMIC. | $50,000 |
Endowment Analysis
| Beg. Balance | $62,292 |
| Earnings | $17,041 |
| Net Contributions | $25,000 |
| Ending Balance | $104,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |
Midpen Property Management Corporation Foster City, CA | $4,229,808 | $16,638,795 |
Casa La Merced Inc C/O Falkenberg/Gilliam & Associates Pasadena, CA | $0 | $52,026 |
Bccu Inc Clearfield Woods Cross, UT | $32,325,900 | $16,937,204 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Scott Street Senior Housing Complex Incorporated San Francisco, CA | $43,555,702 | $18,828,763 |
Sun Health Colonnade Sun City West, AZ | $94,057,593 | $16,072,885 |
Palo Alto Senior Housing Project Inc Palo Alto, CA | $9,912,770 | $1,163,322 |
Christian Care Tucson Inc Phoenix, AZ | $29,450,689 | $13,520,695 |