People Of Faith Inc
- Assets
- $251.6m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 467
- Location
- Sun City, AZ
- Founding
- 03/1982
- Data as of
- 02/2022
- EIN
- 86-0410807
Organization Overview
People Of Faith Inc, operating under the name Royal Oaks, is located in Sun City, AZ. The organization was established in 1982. 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 02/2022, Royal Oaks employed 467 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Oaks 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 02/2022, Royal Oaks generated $33.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $33.3m during the year ending 02/2022. While expenses have increased by 2.7% 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.
Since 2015, Royal Oaks has awarded 18 individual grants totaling $320,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING THAT PROMOTES COMFORT, SECURITY, INDEPENDENCE & LIFE SATISFACTION FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2022, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 585 RESIDENTS ON A 38-ACRE CAMPUS CONSISTING OF 346 RESIDENTIAL HOMES AND APARTMENTS, 59 ASSISTED LIVING HOMES, A 56-UNIT MEMORY CARE FACILITY, AND A 60-BED HIGH ACUITY ASSISTED LIVING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendra Eberhart President & CEO | Officer | 39 | $527,560 |
Gretchen Cobb COO | Officer | 39 | $395,461 |
A Carter Smitherman CFO | Officer | 39 | $211,643 |
Dina Jo Capek Director Of Health Service | 40 | $198,603 | |
Janet Adams Director Of Human Resource | 40 | $156,224 | |
Susan Carey Altgilbers It Director | 40 | $130,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avcomm Technology Solutions Llc Technology Services | 2/27/22 | $828,041 |
Perkins Eastman Architects Dpc Architectural Design And Engineering | 2/27/22 | $787,365 |
Sundt Construction Inc Industrial And Building Services | 2/27/22 | $32,411,958 |
Mayfair Floors Llc Floor Renovations | 2/27/22 | $663,370 |
Sentinel Technologies Technology Services | 2/27/22 | $475,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $591,440 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $595,536 |
| Total Program Service Revenue | $28,340,783 |
| Investment income | $1,316,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,149 |
| Net Gain/Loss on Asset Sales | $2,697,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,088,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| 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 | $13,365,448 |
| Pension plan accruals and contributions | $416,554 |
| Other employee benefits | $1,563,811 |
| Payroll taxes | $974,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,432 |
| Fees for services: Accounting | $52,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $428,488 |
| Fees for services: Other | $1,106,958 |
| Advertising and promotion | $1,606,315 |
| Office expenses | $695,574 |
| Information technology | $603,174 |
| Royalties | $0 |
| Occupancy | $2,478,359 |
| Travel | $62,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,521 |
| Interest | $1,220,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,919,151 |
| Insurance | $347,901 |
| All other expenses | $18,666 |
| Total functional expenses | $33,273,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,401,895 |
| Savings and temporary cash investments | $47,795,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $564,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $421,894 |
| Prepaid expenses and deferred charges | $737,089 |
| Net Land, buildings, and equipment | $128,701,923 |
| Investments—publicly traded securities | $69,401,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,458 |
| Total assets | $251,643,138 |
| Accounts payable and accrued expenses | $12,525,127 |
| Grants payable | $0 |
| Deferred revenue | $48,898,903 |
| Tax-exempt bond liabilities | $130,091,908 |
| Escrow or custodial account liability | $3,679,123 |
| 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 | $501,591 |
| Total liabilities | $195,696,652 |
| Net assets without donor restrictions | $55,946,486 |
| 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 | $251,643,138 |
Grants Awarded
Over the last fiscal year, People Of Faith Inc has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SUN CITY SHERIFF POSSE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
SUN CITY FIRE DEPARTMENT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
SUN CITY FIRE DEPARTMENT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
SUN CITY SHERIFF POSSE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that People Of Faith Inc has recieved totaling $31,072.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,066 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Beg. Balance | $5,432,293 |
| Earnings | $515,517 |
| Net Contributions | $558,925 |
| Other Expense | $2,228,691 |
| Ending Balance | $4,278,044 |
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 |