INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC

EIN: 530128590 501(c)(3) Human Services

ROCKVILLE, MD

Total Revenue
$36,382,558
Total Expenses
$41,935,591
Total Assets
$264,160,795
Net Assets
$-58,234,430
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
DC
Principal Officer
JAMES SPENCER
Phone
2023638310
Tax Period
2023-01-01 to 2023-12-31

INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $36.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $41.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC. WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS.

Program Service Accomplishments

Program 1
Expenses: $35,784,992 Revenue: $33,111,697

THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC., (IRC) THROUGH ITS GOVERNANCE, MANAGEMENT AND RESIDENTS, IS A LICENSED CONTINUING CARE RETIREMENT COMMUNITY (CCRC). INGLESIDE AT ROCK CREEK HAS A...

Read more

THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC., (IRC) THROUGH ITS GOVERNANCE, MANAGEMENT AND RESIDENTS, IS A LICENSED CONTINUING CARE RETIREMENT COMMUNITY (CCRC). INGLESIDE AT ROCK CREEK HAS A DEEP UNDERSTANDING OF THE CHANGING NEEDS THAT SOMETIMES ACCOMPANY RESIDENTS AS THEY AGE. AS A CCRC, WE OFFER INDEPENDENT, ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND NURSING CARE TO MEET ALL OF OUR RESIDENTS' NEEDS.LOCATED IN WASHINGTON DC, THE COMMUNITY CONSISTS OF 233 INDEPENDENT LIVING UNITS, 21 ASSISTED LIVING UNITS, 32 MEMORY SUPPORT ASSISTED LIVING UNITS, AND 34 NURSING HOME BEDS.WITH THE SUPPORT OF THE INGLESIDE RESIDENT SUPPORTING FUND, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AS A RESULT OF OUTLIVING HIS OR HER RESOURCES. IN AN EFFORT TO ENSURE THE GREATEST MOBILITY FOR ALL FACILITY RESIDENTS, A WHEELCHAIR ACCESSIBLE BUS AND VAN ARE PROVIDED TO ENABLE ALL RESIDENTS TO GO ON OUTINGS. IMPORTANT TO THE SPIRITUAL CARE OF OUR RESIDENTS, IRC OFFERS BEREAVEMENT AND SUPPORT COUNSELING FOR FAMILIES AND REFERRAL SERVICES. IRC WORKS DAILY TO OBTAIN THE HIGHEST DEGREE OF RESIDENT SATISFACTION.OUR CCRC PROMOTES THE INDIVIDUALITY OF OUR RESIDENTS. WE STRIVE TO FACILITATE AN ENVIRONMENT OF OPEN COMMUNICATION, ENCOURAGING RESIDENT PARTICIPATION IN ACTIVITIES AND PROVIDING US WITH INPUT IN THE DAILY OPERATIONS OF IRC. THE FUNCTION, MAINTENANCE AND APPEARANCE OF OUR FACILITIES ARE OF THE HIGHEST IMPORTANCE. VOLUNTEERS ARE ESSENTIAL TO FULFILLING OUR MISSION. WE ARE GOVERNED BY A VOLUNTEER, COMMUNITY-BASED BOARD OF DIRECTORS. RESIDENTS FROM ALL OVER THE COMMUNITY VOLUNTEER THEIR SERVICES TO ASSIST OTHER RESIDENTS AND TO PROVIDE THE SPECIAL ONE-ON-ONE FRIENDSHIP THAT STAFF CANNOT. RESIDENTS, FAMILY MEMBERS, AND OUTSIDE VOLUNTEERS PROVIDE COUNTLESS HOURS TO ASSIST WITH SPECIAL FUNCTIONS, OUTSIDE FAMILY AND FRIENDS OF THE COMMUNITY PROVIDE FELLOWSHIP. RECENTLY, WE HAVE BEGUN OPENING OUR DOORS TO SENIORS WHO LIVE IN THE NORTHWEST NEIGHBOR'S VILLAGE SURROUNDING OUR COMMUNITY. WE HAVE ENABLED THEM TO JOIN OUR RESIDENTS FOR EDUCATIONAL AND SOCIAL PROGRAMS. OUR INTERESTS IN THE OUTSIDE COMMUNITY INCLUDE EXPANDING PHYSICIAN SERVICES TO ALLOW COMMUNITY MEMBERS GREATER ACCESS TO PRIMARY CARE PHYSICIANS.THE GOOD WORKS OF IRC EXTEND BEYOND OUR WALLS AS WELL. A SAMPLE OF THE MANY COMMUNITY BENEFITS PROVIDED BY IRC INCLUDES VARIOUS COMMUNITY-BASED SUPPORT SYSTEMS. OUR CONFERENCE ROOM IS OPEN TO OUR RESIDENTS AND THEIR FAMILY MEMBERS AS WELL. WE HAVE PROVIDE MEETNG SPACE FOR CHILDREN'S GROUPS AND CHOIRS TO PRACTICE.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE AS NEEDED AND WHEN APPROPRIATE, WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,212,000
Program Service Revenue $33,111,697
Investment Income $899,681
Other Revenue $1,159,180
TOTAL REVENUE $36,382,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,747,041
Fundraising Expenses $0
Program Expenses $35,784,992
Other Expenses $28,188,550
TOTAL EXPENSES $41,935,591

Year-over-Year Comparison

2023 2022 Change
Revenue $36,382,558 $32,681,707 +0.1%
Expenses $41,935,591 $40,148,984 +0.0%
Net Income $-5,553,033 $-7,467,277 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
327
Volunteers
17

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
8
$1,609,468
Total Directors
16
$0
Key Employees
2
$439,956
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY KUHN CHAIR 1.20
Officer Director
$0 $0 $0
STEVEN WAGNER VICE CHAIRMAN 1.20
Officer Director
$0 $0 $0
JENNIFER CHANDLER HAUGE SECRETARY 1.20
Officer Director
$0 $0 $0
ROBERT BREMNER DIRECTOR 0.80
Director
$0 $0 $0
PEGGY CECCHINE DIRECTOR 0.80
Director
$0 $0 $0
SALLY COX DIRECTOR 0.80
Director
$0 $0 $0
HOWARD GLECKMAN DIRECTOR 0.80
Director
$0 $0 $0
GREGG JOHNSON DIRECTOR 0.80
Director
$0 $0 $0
RUTH KATZ DIRECTOR 0.80
Director
$0 $0 $0
JOHN KREUTZER DIRECTOR 0.80
Director
$0 $0 $0
PHILLIP MAGIDSON DIRECTOR 0.80
Director
$0 $0 $0
JAY NEWTON-SMALL DIRECTOR 0.80
Director
$0 $0 $0
ROBYN STONE DIRECTOR (UNTIL 01/23) 0.80
Director
$0 $0 $0
DENIS VON KAEPPLER DIRECTOR 0.80
Director
$0 $0 $0
JANET KELLEY DIRECTOR 0.80
Director
$0 $0 $0
BRUCE BARTELS IMMEDIATE PAST CHAIR 0.80
Officer Director
$0 $0 $0
LYNN O'CONNOR PRESIDENT/CEO 8.00
Officer
$0 $37,262 $632,695
CHRISTINE PODLES CHIEF OPERATING OFFICER 8.00
Officer
$0 $11,348 $345,209
DUSANKA DELOVSKA-TRAKOVA CIO 8.00
Officer
$0 $11,653 $295,761
TRACI ALLEY CHIEF HR OFFICER 8.00
Officer
$0 $14,904 $335,803
JENNIFER SARGENT VP HUMAN RESOURCES 13.30
Key Emp
$0 $14,870 $176,243
JASON S BASILE EXECUTIVE DIRECTOR 40.00
Key Emp
$258,620 $5,093 $263,713
GENEVA SMITH REGISTERED NURSE 40.00
Highest
$173,475 $10,388 $183,863
ARVETTA HART REGISTERED NURSE 40.00
Highest
$170,636 $10,145 $180,781
KENNETH N NJOKU LICENSED PRACTICAL NURSE 40.00
Highest
$156,962 $9,143 $166,105
NEBA FLORENCE NUMFOR EPSE REGISTERED NURSE 40.00
Highest
$148,743 $15,939 $164,682
STEVEN H NOEL DIRECTOR OF SALES 40.00
Highest
$145,714 $5,151 $150,865
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 $36,382,558 $41,935,591 $264,160,795 $-5,553,033
2022 $32,681,707 $40,148,984 $266,398,331 $-7,467,277
2021 $30,835,509 $38,134,406 $276,585,073 $-7,298,897
2020 $25,799,862 $40,838,679 $263,750,597 $-15,038,817
2019 $14,410,168 $26,067,573 $280,955,024 $-11,657,405
2018 $16,188,985 $19,521,028 $258,641,839 $-3,332,043
Explore More Nonprofits
Top 100 Nonprofits in Maryland Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC with other nonprofits in Maryland and across the country.