THE ARMY RETIREMENT RESIDENCE FOUNDATION - POTOMAC

EIN: 541252635 501(c)(3) Housing & Shelter

FORT BELVOIR, VA

Total Revenue
$271,300
Total Expenses
$253,791
Total Assets
$4,849,530
Net Assets
$4,631,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
VA
Principal Officer
CAPT TOM STALLMAN
Phone
7037812460
Tax Period
2024-01-01 to 2024-12-31

THE ARMY RETIREMENT RESIDENCE FOUNDATION - POTOMAC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $271K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $254K left a modest 6% surplus.

Mission

THE FOUNDATION ACTS TO INSURE THE STRENGTH OF OUR COMMUNITY AND QUALITY OF OUR RESIDENCE. IT SERVES ALL RESIDENTS IN MEANINGFUL WAYS- FROM PROVIDING A SUPPORTIVE, BEAUTIFUL ENVIRONMENT, TO HELPING RESIDENTS IN FINANCIAL NEED.

Program Service Accomplishments

Program 1
Expenses: $98,048

AID IN THE PROVISION OF RETIREMENT RESIDENCES FOR RETIRED OFFICERS AND THEIR SPOUSES FROM THE U.S. UNIFORMED SERVICES, CIA, FBI, FOREIGN SERVICE AND OTHER FEDRAL AGENCIES AS WELL AS PARENTS OF ACTIVE...

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AID IN THE PROVISION OF RETIREMENT RESIDENCES FOR RETIRED OFFICERS AND THEIR SPOUSES FROM THE U.S. UNIFORMED SERVICES, CIA, FBI, FOREIGN SERVICE AND OTHER FEDRAL AGENCIES AS WELL AS PARENTS OF ACTIVE AND RETIRED MILITARY PERSONNEL AND CIVILIANS. ACTS AS A SPONSOR OF THE FIRFAX LIFECARE RETIREMENT COMMUNITY (THE FAIRFAX), IN COORDINATION WITH SUNRISE ASSISTED LIVING, INC. (SUNRISE), THE CURRENT OPERATOR.

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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 $148,325
Program Service Revenue $0
Investment Income $107,813
Other Revenue $15,162
TOTAL REVENUE $271,300

Expense Breakdown

Grants Paid $22,428
Salaries & Benefits $123,403
Fundraising Expenses $41,680
Program Expenses $98,048
Other Expenses $107,960
TOTAL EXPENSES $253,791

Year-over-Year Comparison

2024 2023 Change
Revenue $271,300 $225,524 +0.2%
Expenses $253,791 $207,107 +0.2%
Net Income $17,509 $18,417 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
14

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
4
$114,167
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BG ROBERT JORGENSEN USA RET PRESIDENT, EXECUTIVE 1.00
Officer Director
$0 $0 $0
MG RUSSELL L FUHRMAN USA RET VICE-PRESIDENT, EXECUTIVE, 0.50
Officer Director
$0 $0 $0
COL STEPHEN L HILL PROPERTY COMMITTEE 0.50
Director
$0 $0 $0
CAPT THOMAS F STALLMANCECUSN RET TREASURER, EXECUTIVE, PROP 1.00
Officer Director
$0 $0 $0
LTC MARTHA KIENE USA RET PROPERTY COMMITTEE 0.50
Director
$0 $0 $0
MG JOHN ALTENBURG JR USA RET EXECUTIVE, BYLAW AND G & A 0.50
Director
$0 $0 $0
COL PAUL JACKSON RICE USA RET EXECUTIVE, INVESTMENT, G&A 0.50
Director
$0 $0 $0
COL JOSEPH SCHWEITZER USA RET BYLAW AND INVESTMENT COMMI 0.50
Director
$0 $0 $0
BRENDA DUVALL INVESTMENT COMMITTEE 0.50
Director
$0 $0 $0
MG CHARLES W FLETCHER JR USA RET G&A COMMITTEE 0.50
Director
$0 $0 $0
ROSEMARY HARRIS INVESTMENT COMMITTEE 0.50
Director
$0 $0 $0
COL JOHN LEE COUCH USA RET PROPERTY COMMITTEE 0.50
Director
$0 $0 $0
COL ANN CAMPBELL USA RET RESIDENTS COUNCIL CHAIRMAN REPRESENTATIVE 0.50
Director
$0 $0 $0
MG TOM MCHUGH USA RET RESIDENTS COUNCIL LIAISON 0.50
Director
$0 $0 $0
DIANA CARDWELL EXECUTIVE DIRECTOR 40.00
Officer
$114,167 $0 $114,167
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 $271,300 $253,791 $4,849,530 $17,509
2023 $225,524 $207,107 $4,486,219 $18,417
2022 $259,116 $226,944 $3,973,943 $32,172
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