StoneRidge Retirement Living Communities Inc

EIN: 208424515 501(c)(3) Human Services

Myerstown, PA

Total Revenue
$5,655,915
Total Expenses
$5,166,664
Total Assets
$5,447,746
Net Assets
$4,398,802
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
PA
Principal Officer
Ryan T Casey
Phone
7178663200
Tax Period
2023-01-01 to 2023-12-31

StoneRidge Retirement Living Communities Inc, founded in 2007, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 9% surplus.

Mission

The corporation is organized and operated to benefit, perform the functions of, or carry out the purposes of organizations that serve the elderly and infirm, and that are described in section 509a1 or 2 of the Internal Revnue Code.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,655,915
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,655,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,734,595
Fundraising Expenses $0
Program Expenses $4,954,182
Other Expenses $1,432,069
TOTAL EXPENSES $5,166,664

Year-over-Year Comparison

2023 2022 Change
Revenue $5,655,915 $5,081,109 +0.1%
Expenses $5,166,664 $4,312,254 +0.2%
Net Income $489,251 $768,855 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
341
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$862,454
Total Directors
8
$504,576
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven J Reiter President CEO 040.00
Officer Director
$491,376 $13,200 $504,576
Ryan Casey CFO/COO 040.00
Officer
$357,878 $0 $357,878
Rasonia Nicholes VP of Clinical Svcs 040.00
Highest
$172,876 $3,673 $176,549
Charles Steck VP IT 040.00
Highest
$157,441 $6,298 $163,739
Luke Reiter VP of Plant Op Engineering 040.00
Highest
$111,042 $4,442 $115,484
Carson Ritchie Non-Voting Trustee 001.00
Director
$0 $0 $0
Scott Artz Board President 001.00
Director
$0 $0 $0
Jill Smith Vice Chair 001.00
Director
$0 $0 $0
Dave Williams Board Trustee 001.00
Director
$0 $0 $0
Nick DiFrancesco Board Trustee 001.00
Director
$0 $0 $0
Cindy Walters Board Trustee 001.00
Director
$0 $0 $0
Blake Ziegler Board Trustee 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,655,915 $5,166,664 $5,447,746 $489,251
2022 $5,081,109 $4,312,254 $5,035,265 $768,855
2021 $5,435,180 $4,918,125 $4,364,446 $517,055
2020 $4,538,489 $4,161,034 $3,694,675 $377,455
2019 $4,270,751 $3,943,303 $2,487,004 $327,448
2018 $3,513,895 $3,387,521 $2,104,468 $126,374
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