Rockwood Residents Foundation
- Assets
- $9.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 07/1990
- Data as of
- 05/2023
- EIN
- 91-1472275
Organization Overview
Rockwood Residents Foundation is located in Spokane, WA. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockwood Residents Foundation 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 05/2023, Rockwood Residents Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $659.4k during the year ending 05/2023. While expenses have increased by 8.0% per year over the past 8 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, Rockwood Residents Foundation has awarded 36 individual grants totaling $3,298,907. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST ROCKWOOD RETIREMENT COMMUNITIES IN CARRYING OUT ITS MISSION - TO PROVIDE HOUSING AND SERVICES FOR SENIORS WITH A COMMITMENT TO EXCELLENCE IN PROMOTING INDEPENDENCE, WELLNESS AND LIFELONG VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO SPOKANE UNITED METHODIST HOMES (ROCKWOOD SOUTH), TO COMPENSATE IT FOR AMOUNTS NOT RECEIVED FROM RESIDENTS WHO ARE UNABLE TO MAKE MONTHLY SERVICE FEE PAYMENTS. ASSISTANCE TO SPOKANE UNITED METHODIST HOMES (ROCKWOOD SOUTH HILL AND ROCKWOOD AT WHITWORTH) FOR COMMUNITY IMPROVEMENTS/ADDITIONS, OTHER RESIDENT PROGRAMS AND SUPPORT FOR EMPLOYEE PROGRAMS. THE FOUNDATION CONTRIBUTED APPROXIMATELY 270,000 TO COMPENSATE FOR RESIDENTS UNABLE TO PAY, APPROXIMATELY 84,000 FOR THE RESIDENT WELLNESS PROGRAM, APPROXIMATELY 216,000 FOR EQUIPMENT PURCHASES, AND APPROXIMATELY 47,000 FOR EMPLOYEE SUPPORT DURING THE YEAR ENDED MAY 31, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Curryer President/ce | Officer | 4 | $0 |
James Maxwell VP Finance/c | Officer | 6 | $0 |
Judi Young Chair | OfficerTrustee | 1 | $0 |
Patty Conaty Vice Chair | OfficerTrustee | 1 | $0 |
Sid Barth Trustee | Trustee | 1 | $0 |
Doris Dyer Trustee | Trustee | 1 | $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 | $772,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,165 |
| Total Program Service Revenue | $0 |
| Investment income | $178,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,687 |
| Net Income from Fundraising Events | $35,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $97,321 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,080,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $616,654 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $22,500 |
| Fees for services: Other | $13,430 |
| Advertising and promotion | $0 |
| Office expenses | $2,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,026 |
| Total functional expenses | $659,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,673 |
| Savings and temporary cash investments | $80,927 |
| Pledges and grants receivable | $280,093 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,741,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,573 |
| Total assets | $9,419,389 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,706 |
| Total liabilities | $180,706 |
| Net assets without donor restrictions | $2,734,011 |
| Net assets with donor restrictions | $6,504,672 |
| 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 | $9,419,389 |
Grants Awarded
Over the last fiscal year, Rockwood Residents Foundation has awarded $616,654 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPOKANE UNITED METHODIST HOMESRESIDENT SUPPORT PURPOSE: RESIDENT SUPPORT | $270,000 |
SPOKANE UNITED METHODIST HOMESWELLNESS SUPPORT PURPOSE: WELLNESS SUPPORT | $83,547 |
SPOKANE UNITED METHODIST HOMESEQUIP CONTRIBUTION PURPOSE: EQUIP CONTRIBUTION | $216,027 |
SPOKANE UNITED METHODIST HOMESEMPLOYEE SUPPORT PURPOSE: EMPLOYEE SUPPORT | $47,080 |