Retirement Living Inc

EIN: 351393773 501(c)(3) Human Services

Indianapolis, IN

Total Revenue
$36,021,978
Total Expenses
$37,577,481
Total Assets
$137,746,850
Net Assets
$25,255,196
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
IN
Phone
3178759700
Tax Period
2023-01-01 to 2023-12-31

Retirement Living Inc, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $36.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

As a continuing care retirement community, the role of Retirement Living, Inc. is to provide a high quality continuum of care by serving the housing and human development needs of our residents. (continued in schedule O)

Program Service Accomplishments

Program 1
Expenses: $13,119,767 Revenue: $10,106,521

HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS...

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HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2023, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $401,960.

Program 2
Expenses: $9,347,398 Revenue: $7,836,667

ASSISTED LIVING/MEMORY CARE: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE...

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ASSISTED LIVING/MEMORY CARE: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 22 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES.

Program 3
Expenses: $7,367,743 Revenue: $14,398,239

INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 258 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE...

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INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 258 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP.

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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 $180,000
Program Service Revenue $34,726,786
Investment Income $992,433
Other Revenue $122,759
TOTAL REVENUE $36,021,978

Expense Breakdown

Grants Paid $641,985
Salaries & Benefits $17,680,752
Fundraising Expenses $0
Program Expenses $32,561,598
Other Expenses $19,254,744
TOTAL EXPENSES $37,577,481

Year-over-Year Comparison

2023 2022 Change
Revenue $36,021,978 $33,262,197 +0.1%
Expenses $37,577,481 $34,461,187 +0.1%
Net Income $-1,555,503 $-1,198,990 +0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
389
Volunteers
200

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
6
$16,900
Total Directors
15
$51,500
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 1.0
Officer Director
$3,600 $0 $3,600
N/A President 1.0
Officer Director
$5,700 $0 $5,700
N/A Vice President 1.0
Officer Director
$3,900 $0 $3,900
N/A Secretary 1.0
Officer Director
$3,700 $0 $3,700
N/A Director 1.0
Director
$3,000 $0 $3,000
N/A Director 1.0
Director
$4,700 $0 $4,700
N/A Director 1.0
Director
$3,600 $0 $3,600
N/A Director (As of September 2023) 1.0
Director
$800 $0 $800
N/A Director 1.0
Director
$2,900 $0 $2,900
N/A Director 1.0
Director
$1,600 $0 $1,600
N/A Director 1.0
Director
$2,300 $0 $2,300
N/A Director 1.0
Director
$5,300 $0 $5,300
N/A Director 1.0
Director
$3,400 $0 $3,400
N/A Director (Partial Year) 1.0
Director
$4,400 $0 $4,400
N/A Director 1.0
Director
$2,600 $0 $2,600
N/A Executive Director (Through November 2023) 40.0
Officer
$0 $0 $0
N/A Health Care Administrator 40.0
Officer
$0 $0 $0
N/A Director of Nursing 40.0
Highest
$111,770 $36,096 $147,866
N/A Marketing Director 40.0
Highest
$105,315 $36,219 $141,534
N/A Food and Beverage Director 40.0
Highest
$139,700 $19,703 $159,403
N/A Residency Counselor 40.0
Highest
$141,740 $36,219 $177,959
N/A LPN 75.0
Highest
$114,493 $27,577 $142,070
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 $36,021,978 $37,577,481 $137,746,850 $-1,555,503
2022 $33,262,197 $34,461,187 $138,450,323 $-1,198,990
2021 $35,528,321 $30,428,126 $141,539,100 $5,100,195
2020 $31,025,679 $30,913,651 $136,444,279 $112,028
2019 $32,336,339 $33,569,810 $130,459,259 $-1,233,471
2018 $31,920,665 $32,554,838 $117,392,061 $-634,173
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