Episcopal Retirement Communities
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Bremerton, WA
- Founding
- 07/1980
- Data as of
- 12/2021
- 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 12/2021, Episcopal Retirement Communities employed 50 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 12/2021, Episcopal Retirement Communities generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 2.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN AFFORDABLE RETIREMENT COMMUNITY FOR SENIORS 62 AND OLDER
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. ERC ACQUIRED TWO PIECES OF PROPERTY IN 2020 AND IS LOOKING FORWARD TO EXPANDING SERVICES TO SENIORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Maine Ceo/president | OfficerTrustee | 40 | $136,564 |
Debra Thompson Vice Chair | OfficerTrustee | 2 | $0 |
Charla Conner Secretary | OfficerTrustee | 2 | $0 |
Collum Liska Chair | OfficerTrustee | 2 | $0 |
George Robertson Director | Trustee | 2 | $0 |
James Husband Director | 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 | $171,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,018 |
| Total Program Service Revenue | $2,219,577 |
| Investment income | $1,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,249 |
| 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. | $170,968 |
| Compensation of current officers, directors, key employees. | $93,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $576,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,316 |
| Payroll taxes | $65,253 |
| 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 | $23,640 |
| Advertising and promotion | $22,182 |
| Office expenses | $6,695 |
| Information technology | $6,381 |
| Royalties | $0 |
| Occupancy | $319,803 |
| Travel | $16,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $552 |
| Interest | $43,338 |
| Payments to affiliates | $201,400 |
| Depreciation, depletion, and amortization | $227,389 |
| Insurance | $68,191 |
| All other expenses | $0 |
| Total functional expenses | $2,167,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,767 |
| Savings and temporary cash investments | $607,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,185 |
| 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 | $37,679 |
| Net Land, buildings, and equipment | $2,695,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $508,593 |
| Total assets | $4,489,756 |
| Accounts payable and accrued expenses | $113,754 |
| Grants payable | $0 |
| Deferred revenue | $83,619 |
| 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 | $870,241 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,500 |
| Total liabilities | $1,161,114 |
| Net assets without donor restrictions | $3,328,642 |
| 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 | $4,489,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Episcopal Retirement Communities has recieved totaling $80.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |
Northaven Inc Seattle, WA | $5,372,025 | $2,957,212 |
Christ The King Community Outreach Tacoma, WA | $5,977,714 | $3,001,380 |
Southeast Alaska Independent Living Inc Juneau, AK | $2,403,466 | $3,080,871 |
Hilltop House Inc Seattle, WA | $9,641,333 | $2,325,535 |
North Pacific Homes Inc Gresham, OR | $10,764,437 | $2,745,999 |