Pacific Retirement Services Inc
- Assets
- $67.5m
- Revenue
- $19.4m
- Investments
- $5.5m
- Employees
- 182
- Location
- Medford, OR
- Founding
- 04/1982
- Data as of
- 09/2023
- EIN
- 93-1067253
Organization Overview
Pacific Retirement Services Inc is located in Medford, OR. The organization was established in 1982. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 09/2023, Pacific Retirement Services Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Retirement 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 09/2023, Pacific Retirement Services Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $21.2m during the year ending 09/2023. While expenses have increased by 3.3% 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 2017, Pacific Retirement Services Inc has awarded 28 individual grants totaling $14,388,202. 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
PROVIDE EXCEPTIONAL LEADERSHIP TO OUR FAMILY OF ORGANIZATIONS TO ENHANCE THE AGING EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC RETIREMENT SERVICES, INC.'S VISION IS CREATING COMMUNITIES TO PROVIDE EACH RESIDENT WITH LIFESTYLE OPPORTUNITIES THAT FACILITATE HEALTHY AGING AND SUPPORT SERVICES TO ENSURE STABILITY AND SECURITY AS RESIDENTS AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Sholty President/ceo | Officer | 48 | $773,872 |
Mary Schoeggl Chief Financial Officer | Officer | 49 | $528,324 |
Paul Riepma II Vp, Marketing | 50 | $419,987 | |
Anthony Sabatini Executive Vp, Operations | 49 | $431,659 | |
Brian Mclemore Former Officer | 50 | $461,225 | |
Debbie Rayburn Chief Healthcare Officer | Officer | 50 | $417,370 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Indeed Inc Recruiting Services | 9/29/23 | $1,865,995 |
Cliftonlarsonallen Llp Professional Services | 9/29/23 | $623,704 |
Insight Direct Usa It Services | 9/29/23 | $396,083 |
Matrix Care Software Services | 9/29/23 | $327,667 |
Safford Creative Inc Creative Services | 9/29/23 | $285,816 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,206 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,206 |
| Total Program Service Revenue | $19,922,098 |
| Investment income | $390,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,524 |
| Net Gain/Loss on Asset Sales | -$862,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,444,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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 | $15,111,429 |
| Pension plan accruals and contributions | $80,613 |
| Other employee benefits | $2,793 |
| Payroll taxes | $110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305,112 |
| Fees for services: Accounting | $96,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,516 |
| Fees for services: Other | $1,492,125 |
| Advertising and promotion | $46,758 |
| Office expenses | $155,578 |
| Information technology | $528,105 |
| Royalties | $0 |
| Occupancy | $444,007 |
| Travel | $638,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,586 |
| Insurance | $51,223 |
| All other expenses | $0 |
| Total functional expenses | $21,248,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,133 |
| Savings and temporary cash investments | $15,793,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,904,373 |
| Inventories for sale or use | $110,766 |
| Prepaid expenses and deferred charges | $419,080 |
| Net Land, buildings, and equipment | $4,892,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,461,641 |
| Investments—program-related | $3,602,221 |
| Intangible assets | $0 |
| Other assets | $34,992,544 |
| Total assets | $67,465,747 |
| Accounts payable and accrued expenses | $450,437 |
| 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 | $4,840,083 |
| Other liabilities | $451,116 |
| Total liabilities | $5,741,636 |
| Net assets without donor restrictions | $61,724,111 |
| 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 | $67,465,747 |
Grants Awarded
Over the last fiscal year, Pacific Retirement Services Inc has awarded $2,385,345 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MIRABELLA AT ASU INC PURPOSE: GENERAL OPERATING SUPPORT | $2,195,305 |
ROGUE VALLEY MANOR PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |
THE CUMBERLAND REST INC PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |
CASCADE MANOR INC PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |
UNIVERSITY RETIREMENT COMMUNITY AT DAVIS PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |
HOLLADAY PARK PLAZA PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |