ABERDEEN RIDGE INC

EIN: 472871995 501(c)(3) Housing & Shelter

WICHITA, KS

Total Revenue
$1,806,292
Total Expenses
$9,883,760
Total Assets
$166,537,417
Net Assets
$-16,662,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
KS
Phone
3166851100
Tax Period
2024-07-01 to 2025-06-30

ABERDEEN RIDGE INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 18671% from the prior year, signaling strong growth momentum. Expenses of $9.9M exceeded revenue, resulting in a 447% operating deficit.

Mission

TO PROVIDE QUALITY SENIOR INDEPENDENT LIVING AND ASSISTED LIVING/MEMORY CARE WITHIN A CHRISTIAN-BASED COMMUNITY FOUNDED UPON THE VALUES OF RESPECT, DIGNITY AND INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $3,857,560 Revenue: $1,627,322

ABERDEEN RIDGE IS A RETIREMENT COMMUNITY IN THE PARTIAL OCCUPANCY / CONSTRUCTION PHASE. INITIAL OCCUPANCY BEGAN IN THE FALL OF 2024. OPERATIONS ARE DESIGNED TO PROVIDE LONG-TERM CARE SERVICES FOR...

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ABERDEEN RIDGE IS A RETIREMENT COMMUNITY IN THE PARTIAL OCCUPANCY / CONSTRUCTION PHASE. INITIAL OCCUPANCY BEGAN IN THE FALL OF 2024. OPERATIONS ARE DESIGNED TO PROVIDE LONG-TERM CARE SERVICES FOR OLDER INDIVIDUALS AT THE LOWEST FEASIBLE COST; TO OFFER ACCOMMODATIONS AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, SPIRITUAL, AND PSYCHOLOGICAL NEEDS, AND TO CONTRIBUTE TO THE HEALTH, SECURITY, SENSE OF WELL-BEING AND USEFULNESS OF OLDER INDIVIDUALS. HOUSING NEEDS ARE MET BY PROVIDING FACILITIES THAT ARE SPECIFICALLY DESIGNED TO MEET A COMBINATION OF PHYSICAL, EMOTIONAL, RECREATIONAL AND SOCIAL NEEDS OF ELDERLY PERSONS. HEALTH CARE NEEDS ARE SATISFIED BY OFFERING SENIOR INDEPENDENT LIVING AND ASSISTED LIVING / MEMORY CARE ON A SINGLE CAMPUS. FINANCIAL SECURITY IS ACHIEVED BY PROVIDING SERVICES AT THE LOWEST FEASIBLE COST. INCLUDED IS THE POLICY OF MAINTAINING IN RESIDENCE ANY PERSON WHO OUTLIVES HIS OR HER ABILITY TO PAY FOR THE COST OF RESIDENCY THROUGH NO FAULT OF THEIR OWN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,198
Program Service Revenue $1,627,322
Investment Income $162,491
Other Revenue $10,281
TOTAL REVENUE $1,806,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,424,832
Fundraising Expenses $0
Program Expenses $3,857,560
Other Expenses $8,458,928
TOTAL EXPENSES $9,883,760

Year-over-Year Comparison

2024 2023 Change
Revenue $1,806,292 $9,623 +186.7%
Expenses $9,883,760 $2,151,995 +3.6%
Net Income $-8,077,468 $-2,142,372 +2.8%
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
7
Independent Members
7
Employees
37
Volunteers
8

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
7
$1,312,352
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN F HARRIS CHAIR 1.0
Officer Director
$0 $0 $0
ROBERT S BONNEY VICE CHAIR 1.0
Officer Director
$0 $0 $0
GARY D BRENNECKE TRUSTEE 1.0
Director
$0 $0 $0
JOHN GOODWIN TRUSTEE 1.0
Director
$0 $0 $0
NANCY DULING TRUSTEE 1.0
Director
$0 $0 $0
PATRICIA COOK TRUSTEE 1.0
Director
$0 $0 $0
ROB SCHENDEL TRUSTEE 1.0
Director
$0 $0 $0
BRUCE H SHOGREN PRESIDENT/CEO 5.0
Officer
$0 $41,543 $443,969
JOAN MILLER ASST. TREASURER/CONTROLLER 5.0
Officer
$0 $16,143 $160,691
MELANIE OWENS CFO/TREASURER 5.0
Officer
$0 $20,446 $273,094
SHERRY K HIND CORPORATE SECRETARY 5.0
Officer
$0 $11,243 $158,821
WILLIAM H TAYLOR CHIEF OPERATING OFFICER 5.0
Officer
$0 $25,043 $275,777
CHRISTINA AMMANN SALES DIRECTOR 40.0
Highest
$126,489 $0 $126,489
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
2025 $1,806,292 $9,883,760 $166,537,417 $-8,077,468
2024 $9,623 $2,151,995 $139,870,821 $-2,142,372
2023 $675 $1,807,905 $148,703,354 $-1,807,230
2022 $47,185 $1,420,778 $140,925,728 $-1,373,593
2021 $655 $2,007,293 $11,993,486 $-2,006,638
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