Redstone Village FKA REDSTONE MILITARY RETIREMENT

EIN: 631169107 501(c)(3) Housing & Shelter

HUNTSVILLE, AL

Total Revenue
$24,638,234
Total Expenses
$27,427,515
Total Assets
$73,551,980
Net Assets
$-77,952,997
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
AL
Phone
2568816717
Tax Period
2024-01-01 to 2024-12-31

REDSTONE MILITARY RETIREMENT RESIDENCE ASSOCIATION, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.8M in total revenue in fiscal year 2018. Expenses of $22.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,547
Program Service Revenue $24,231,156
Investment Income $355,420
Other Revenue $34,111
TOTAL REVENUE $24,638,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,500,193
Fundraising Expenses $0
Program Expenses $23,762,707
Other Expenses $16,927,322
TOTAL EXPENSES $27,427,515

Year-over-Year Comparison

2024 2023 Change
Revenue $24,638,234 $23,352,079 +0.1%
Expenses $27,427,515 $25,961,747 +0.1%
Net Income $-2,789,281 $-2,609,668 +0.1%
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
15
Independent Members
15
Employees
382
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL RET ARTHUR MEIER II PRESIDENT/TREASURER 2.5
Officer Director
$0 $0 $0
COL RET TOM HOUSER 1ST VICE PRESIDENT 2.5
Officer Director
$0 $0 $0
PATTY ANGLES SECRETARY 0.8
Officer Director
$0 $0 $0
SCOTT SHIFRIN 2ND VICE PRESIDENT 2.5
Officer Director
$0 $0 $0
BILL ANDREWS BOARD MEMBER 2.5
Director
$0 $0 $0
ELIZABETH GARCIA BOARD MEMBER 2.5
Director
$0 $0 $0
FRED BICKLEY BOARD MEMBER 0.6
Director
$0 $0 $0
JACKSON BALCH BOARD MEMBER 0.6
Director
$0 $0 $0
JOCELYN CRAIGHEAD BOARD MEMBER 2.5
Director
$0 $0 $0
MAC BUTRAM BOARD MEMBER 2.5
Director
$0 $0 $0
MARC JACOBSON BOARD MEMBER 10.0
Director
$0 $0 $0
MARK VAUGHN BOARD MEMBER 5.0
Director
$0 $0 $0
ROSALYNNE STRICKLAND BOARD MEMBER 2.5
Director
$0 $0 $0
WALTER BUTLER BOARD MEMBER 10.0
Director
$0 $0 $0
WILLIAM SANDERSON BOARD COUNSEL 2.5
Director
$0 $0 $0
ANGIE SMITH EXECUTIVE DIRECTOR 40.0
Officer
$0 $0 $0
AMY REYNOLDS DIRECTOR OF NURSING 40.0
Highest
$132,997 $5,226 $138,223
ANTHONY L JOHNSON SKILLED NURSING ADMINISTRATOR 40.0
Highest
$100,737 $16,500 $117,237
CATINA JOYCETTE RASBERRY- JOHNSO LICENSED PRACTICAL NURSE 59.0
Highest
$132,769 $0 $132,769
LAUREN PHILLIPS DAVIS DIRECTOR OF SALES/MKTG 40.0
Highest
$114,113 $2,700 $116,813
VICKI NESMITH SKILLED NURSING ADMINISTRATOR 40.0
Highest
$116,009 $9,281 $125,290
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 $24,638,234 $27,427,515 $73,551,980 $-2,789,281
2023 $23,352,079 $25,961,747 $74,126,993 $-2,609,668
2022 $20,365,181 $32,333,716 $73,984,315 $-11,968,535
2021 $19,548,176 $24,937,984 $75,839,783 $-5,389,808
2020 $18,289,718 $23,910,534 $77,996,704 $-5,620,816
2019 $18,424,952 $24,712,417 $76,752,741 $-6,287,465
2018 $16,847,590 $22,178,858 $76,754,599 $-5,331,268
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