Tempe Life Care Village Inc
- Assets
- $225.3m
- Revenue
- $48.6m
- Investments
- $0.0
- Employees
- 752
- Location
- Tempe, AZ
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 86-0335417
Organization Overview
Tempe Life Care Village Inc, operating under the name Friendship Village Of Tempe, is located in Tempe, AZ. The organization was established in 1978. 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 12/2021, Friendship Village Of Tempe employed 752 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Village Of Tempe 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 12/2021, Friendship Village Of Tempe generated $48.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $52.4m during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE KNOWN AS THE LEADING RETIREMENT COMMUNITY THAT EMBRACES INDIVIDUALITY WHILE DELIVERING AN INNOVATIVE AND COMPASSIONATE ENVIRONMENT IN WHICH TO LIVE AND WORK.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES INDEPENDENT LIVING FACILITIES TO RESIDENTS. FRIENDSHIP VILLAGE IS AN ACTIVE SENIOR COMMUNITY. INDEPENDENT LIVING OFFERS RESIDENTS THE OPTION OF A SPACIOUS APARTMENT OR GARDEN HOME. BOTH OPTIONS PROVIDE OPEN FLOOR PLANS AND A WIDE VARIETY OF SERVICES AND AMENITIES. SERVICES OFFERED INCLUDE PAID UTILITIES, HOUSEKEEPING AND LAUNDRY SERVICES, MAINTENANCE, 24-HOUR SECURITY, AND TRANSPORTATION. AMENITIES AVAILABLE INCLUDE: MULTIPLE DINING OPTIONS, SPACIOUS COMMON AREAS, FULLY STAFFED FITNESS CENTER, RECREATION ROOM, ARTS AND CRAFTS, COMPUTER LAB WITH CLASSES, LIBRARY, AND AUDITORIUM. DURING 2021, INDEPENDENT LIVING HAD AN AVERAGE OCCUPANCY RATE OF 90.35%.
THE ORGANIZATION PROVIDES SKILLED NURSING CARE TO RESIDENTS. THE FRIENDSHIP VILLAGE TEMPE HEALTH CARE CENTER PROVIDES COMPREHENSIVE SKILLED NURSING CARE. THERE IS A DEEP COMMITMENT TO PROVIDING THE BEST NURSING CARE POSSIBLE, INCLUDING SERVICES THAT RANGE FROM ASSISTANCE WITH DAILY ACTIVITIES TO INTENSIVE REHABILITATION PROGRAMS IN A COMFORTABLE, RELAXED SETTING. FOR THOSE THAT EVER NEED THE SERVICES OF THE HEALTH CARE CENTER, THEY RECEIVE CARE FROM PEOPLE THEY KNOW AND TRUST. IT GOES WITHOUT SAYING THEY'RE TREATED WITH DIGNITY AND RESPECT. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
THE ORGANIZATION PROVIDES ON-SITE ASSISTED LIVING TO RESIDENTS. FRIENDSHIP VILLAGE TEMPE OFFERS SECURE, COMFORTABLE ON-SITE ASSISTED LIVING APARTMENTS IN AN ATMOSPHERE THAT PROMOTES INDIVIDUAL WELL-BEING. FRIENDSHIP VILLAGE TEMPE PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES BASED ON EACH RESIDENT'S NEEDS. IF ADDITIONAL SENIOR CARE IS NEEDED, RESIDENTS HAVE ACCESS TO SKILLED NURSING AS PART OF THEIR LIFE CARE PLAN. DURING 2021, THE ASSISTED LIVING SECTION HAD AN AVERAGE RESIDENCY CAPACITY OF 94.83%, CONSISTING OF 24,169 DAYS OF CARE. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Young Marketing Director | Officer | 40 | $228,319 |
Kimberlie Knecht Sales Counselor | 40 | $148,285 | |
Jadyne Schmidt Administrator | 40 | $142,290 | |
Mary Ellen Mazar Sales Counselor | 40 | $137,441 | |
Brittany Dudley Director Of Nursing | 40 | $128,971 | |
Jackie Richards Sales Counselor | 40 | $125,457 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryan Companies Us Inc Construction | 12/30/21 | $15,881,272 |
Life Care Companies Management Services | 12/30/21 | $2,660,220 |
Sysco Food Services Of Arizona Food Service | 12/30/21 | $1,558,617 |
Quality Rehab Therapy Services | 12/30/21 | $1,535,926 |
Mckesson Medical Supplier | 12/30/21 | $1,683,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $217,814 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $931,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,149,568 |
| Total Program Service Revenue | $48,801,749 |
| Investment income | $1,035,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,181 |
| Net Gain/Loss on Asset Sales | -$749,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,647,054 |
| 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. | $473,046 |
| Compensation of current officers, directors, key employees. | $473,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,437,766 |
| Pension plan accruals and contributions | $176,577 |
| Other employee benefits | $4,155,460 |
| Payroll taxes | $1,476,674 |
| Fees for services: Management | $1,747,754 |
| 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 | $2,033,694 |
| Advertising and promotion | $799,293 |
| Office expenses | $7,070,115 |
| Information technology | $152,254 |
| Royalties | $0 |
| Occupancy | $1,988,923 |
| Travel | $232,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,898 |
| Interest | $3,939,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,608,025 |
| Insurance | $395,548 |
| All other expenses | $0 |
| Total functional expenses | $52,362,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,075,858 |
| Savings and temporary cash investments | $12,078,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,316,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,528 |
| Inventories for sale or use | $396,059 |
| Prepaid expenses and deferred charges | $722,737 |
| Net Land, buildings, and equipment | $125,024,847 |
| Investments—publicly traded securities | $78,950,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $477,823 |
| Total assets | $225,266,079 |
| Accounts payable and accrued expenses | $4,334,173 |
| Grants payable | $0 |
| Deferred revenue | $93,655,963 |
| Tax-exempt bond liabilities | $145,147,603 |
| 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 | $4,587,014 |
| Total liabilities | $247,724,753 |
| Net assets without donor restrictions | -$22,598,042 |
| Net assets with donor restrictions | $139,368 |
| 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 | $225,266,079 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tempe Life Care Village Inc has recieved totaling $78.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Socal Duarte, CA | $306,047,961 | $119,573,837 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
Sequoia Living Inc San Francisco, CA | $412,512,571 | $125,018,618 |
Jewish Home San Francisco, CA | $286,369,109 | $101,598,879 |
Community Eldercare Of San Diego San Diego, CA | $76,291,474 | $103,929,835 |
Center For Elders Independence Oakland, CA | $163,334,060 | $110,881,645 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Motion Picture And Television Fund Woodland Hills, CA | $117,551,107 | $62,254,849 |
Institute On Aging San Francisco, CA | $58,432,886 | $66,846,262 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,699,459 | $60,276,801 |
Tempe Life Care Village Inc Tempe, AZ | $225,266,079 | $48,647,054 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |