La Loma Senior Living Services Inc
- Assets
- $72.4m
- Revenue
- $11.3m
- Investments
- $123.4k
- Employees
- 231
- Location
- Sun City West, AZ
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 86-1028348
Organization Overview
La Loma Senior Living Services Inc is located in Sun City West, AZ. The organization was established in 2002. 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 06/2021, LA Loma Senior Living Services Inc employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Loma Senior Living Services Inc 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, LA Loma Senior Living Services Inc generated $11.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $15.3m during the year ending 06/2021. 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
LA LOMA CHAMPIONS SUPERIOR HEALTH AND WELLBEING THROUGH PHILANTHROPY, INSPIRED LIVING AND WELLNESS PROGRAMS.
Describe the Organization's Program Activity:
OUR LARGEST COMMUNITY AT LA LOMA IS BREAKING THE MOLD OF SENIOR LIVING WITH A MASTER PLAN THAT INCLUDES MULTI-GENERATIONAL RESIDENCES, HISTORICAL SITES AND MUSEUMS, FUTURE RETAIL AND DINING OPTIONS, RECREATION AND WELLNESS CENTERS AND MEDICAL OFFICES. OUR VISION IS TO BRING GENERATIONS TOGETHER IN THE COMMUNITY TO LEARN FROM ONE ANOTHER, SHARE IN EXPERIENCES AND GROW TOGETHER. LA LOMA, LIKE OUR OTHER COMMUNITIES, PROVIDES CONTINUING LIFE CARE THAT MEETS OUR RESIDENTS' SPIRITUAL, EMOTIONAL, PHYSICAL, MEDICAL, SOCIAL AND INTELLECTUAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E La Rue President & CEO | OfficerTrustee | 2 | $0 |
Gerald S Solomon Chiarman | OfficerTrustee | 0.5 | $0 |
Lew Lancaster Treasurer | OfficerTrustee | 0.5 | $0 |
Patricia Lewis Finnell Vice Chairman | OfficerTrustee | 0.5 | $0 |
Dean Strycker MD Secretary | OfficerTrustee | 0.5 | $0 |
Sharon Grambow CFO | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rlps Llp Architects | 6/29/21 | $151,292 |
Belmontez Construction Llc Construction | 6/29/21 | $280,665 |
Senior Rehab Solutions Llc Rehab | 6/29/21 | $263,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $166,965 |
| Government grants | $131,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $18,804 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,931 |
| Total Program Service Revenue | $10,963,085 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,270,644 |
| 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 | $5,879,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $355,679 |
| Payroll taxes | $442,974 |
| Fees for services: Management | $479,334 |
| Fees for services: Legal | $41,032 |
| Fees for services: Accounting | $80,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $992,556 |
| Advertising and promotion | $129,053 |
| Office expenses | $223,818 |
| Information technology | $270,365 |
| Royalties | $0 |
| Occupancy | $522,246 |
| Travel | $20,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,465,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,859,940 |
| Insurance | $896,695 |
| All other expenses | $42,847 |
| Total functional expenses | $15,252,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,961 |
| Savings and temporary cash investments | $25,692,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $534,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $171,800 |
| Inventories for sale or use | $87,814 |
| Prepaid expenses and deferred charges | $221,732 |
| Net Land, buildings, and equipment | $44,615,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $123,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $620,426 |
| Total assets | $72,446,554 |
| Accounts payable and accrued expenses | $4,455,460 |
| Grants payable | $0 |
| Deferred revenue | $13,787,821 |
| Tax-exempt bond liabilities | $62,762,858 |
| 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 | $4,443,000 |
| Total liabilities | $85,449,139 |
| Net assets without donor restrictions | -$13,002,585 |
| 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 | $72,446,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La Loma Senior Living Services Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Sun Health Services Sun City West, AZ PURPOSE: ASSET RETIREMENT OBLIGATION | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Northern California Retired Officers Community Fairfield, CA | $260,915,478 | $45,201,737 |
Casa De Las Campanas Inc San Diego, CA | $261,081,118 | $41,918,031 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
Eisenberg Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $65,782,377 | $31,680,151 |
St Pauls Episcopal Home Inc San Diego, CA | $87,096,131 | $36,208,689 |
Oconnor Woods Housing Corporation Stockton, CA | $90,240,253 | $33,053,547 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Congregational Homes Pomona, CA | $121,991,966 | $32,927,075 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |