Episcopal Retirement Communities
- Assets
- $4.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Bremerton, WA
- Founding
- 07/1980
- Data as of
- 12/2023
- EIN
- 91-1094735
Organization Overview
Episcopal Retirement Communities is located in Bremerton, WA. The organization was established in 1980. 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. As of 12/2023, Episcopal Retirement Communities employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Retirement Communities 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 12/2023, Episcopal Retirement Communities generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ERC IS A NON-PROFIT THAT SERVES COMMUNITIES BY PROVIDING QUALITY SERVICES AND HOUSING TO OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPISCOPAL RETIREMENT COMMUNITIES BUILDS AND OPERATES SENIOR RESIDENTIAL COMMUNITIES THAT PROVIDE QUALITY HOUSING, RECREATION AND WELLNESS SERVICES TO PERSONS OF A VARIETY OF INCOME LEVELS. CURRENTLY, ERC OPERATES CANTERBURY MANOR, AN INDEPENDENT SENIOR COMMUNITY & ST ANDREW'S PLACE, AN ASSISTED LIVING COMMUNITY, AND, PROVIDES FUNDING FOR FUTURE SUPPORT, GROWTH, AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Robertson Vice Chair | OfficerTrustee | 2 | $0 |
Debra Thompson Member | Trustee | 2 | $0 |
Charla Conner Secretary | OfficerTrustee | 2 | $0 |
Jonathan Green Director | Trustee | 2 | $0 |
Beverly Maine Ceo/president | OfficerTrustee | 40 | $172,848 |
The Most Rev Melissa Skelton Ex Officio | Trustee | 2 | $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 | $11,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,923 |
| Total Program Service Revenue | $2,368,023 |
| Investment income | $31,446 |
| 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 | $2,510,141 |
| 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. | $218,343 |
| Compensation of current officers, directors, key employees. | $59,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $697,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,199 |
| Payroll taxes | $86,535 |
| 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 | $0 |
| Fees for services: Other | $25,978 |
| Advertising and promotion | $24,038 |
| Office expenses | $10,568 |
| Information technology | $7,016 |
| Royalties | $0 |
| Occupancy | $333,503 |
| Travel | $44,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,238 |
| Interest | $22,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,947 |
| Insurance | $99,597 |
| All other expenses | $0 |
| Total functional expenses | $2,306,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,471 |
| Savings and temporary cash investments | $550,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,536 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,167 |
| Net Land, buildings, and equipment | $2,564,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $412,334 |
| Total assets | $4,247,115 |
| Accounts payable and accrued expenses | $124,723 |
| Grants payable | $0 |
| Deferred revenue | $95,749 |
| 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 | $239,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,000 |
| Total liabilities | $539,426 |
| Net assets without donor restrictions | $3,707,689 |
| 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 | $4,247,115 |