INDIANAPOLIS SR CARE LLC

EIN: 863038399 501(c)(3) Housing & Shelter

BROOKHAVEN, GA

Total Revenue
$22,796,044
Total Expenses
$23,782,445
Total Assets
$6,028,705
Net Assets
$-30,113,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
MAURICE M ROSENBAUM
Phone
4042761337
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS SR CARE LLC, founded in 2021, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OPERATING THE ROBIN RUN VILLAGE SENIOR LIVING COMMUNITY LOCATED AT 5354 WEST 62ND STREET, INDIANAPOLIS, INDIANA 46268 (THE COMMUNITY) WHICH PROVIDES PERSONS 55 AND OLDER WITH A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE. THE COMMUNITY HAS 228 GARDEN HOMES AND 186 APARTMENTS DESIGNED SPECIFICALLY FOR OLDER ADULTS, AN 84-BED LICENSED SKILLED NURSING FACILITY, AND A 68 UNIT ASSISTED LIVING AND MEMORY CARE FACILITY.

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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 $1,349,323
Program Service Revenue $21,446,648
Investment Income $73
Other Revenue $0
TOTAL REVENUE $22,796,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,598,626
Fundraising Expenses $0
Program Expenses $20,500,921
Other Expenses $12,183,819
TOTAL EXPENSES $23,782,445

Year-over-Year Comparison

2023 2022 Change
Revenue $22,796,044 $19,251,628 +0.2%
Expenses $23,782,445 $21,217,357 +0.1%
Net Income $-986,401 $-1,965,729 -0.5%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
4
Independent Members
1
Employees
425
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
3
$263,017
Total Directors
4
$58,000
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAURICE ROSENBAUM CHAIRMAN 2.00
Officer Director
$0 $0 $30,500
AMELIA WALLER BAKER JD SECRETARY 1.00
Officer Director
$0 $0 $12,500
FRANK CORRIGAN DIRECTOR 1.00
Director
$0 $0 $12,000
SIMRAN SINGH DIRECTOR 1.00
Director
$0 $0 $3,000
ROBERT NEWCOMER EXECUTIVE DIRECTOR 40.00
Officer
$214,167 $5,850 $220,017
CATHY OSLOS ADMINISTRATION 40.00
Highest
$119,088 $704 $119,792
TRACY CORNFORTH ADMINISTRATION 40.00
Highest
$109,463 $4,203 $113,666
STEPHEN ADENIJI ADMINISTRATION 40.00
Highest
$103,783 $0 $103,783
THOMAS WILLIAM BAKER FORMER CHAIRMAN (END 10/23) 4.00
$0 $0 $78,000
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 $22,796,044 $23,782,445 $6,028,705 $-986,401
2022 $19,251,628 $21,217,357 $6,055,321 $-1,965,729
2021 $9,854,326 $12,512,255 $3,141,052 $-2,657,929
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