Richfield Retirement Community in Salem, Virginia (VA)

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Richfield Retirement Community
Employer Identification Number (EIN)510190114
Name of OrganizationRichfield Retirement Community
AddressPO BOX 3240, Salem, VA 24153-0647
ActivitiesCare and housing for the aged (see also 382)
SubsectionCharitable Organization, Educational Organization
Ruling Date09/1977
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Tax Period09/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$19,145,789
Amount of Income$11,692,058
Form 990 Revenue Amount$11,269,841
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Continuing Care Communities


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Amount of income in 2012: $11,692,058 (it was $12,743,378 in 2011)
This organization: 

 $11,692,058
Other organizations performing similar types of work: 

 $858,789

Assets in 2012: $19,145,789 (it was $19,512,318 in 2011)
This organization: 

 $19,145,789
Other organizations performing similar types of work: 

 $1,625,435

Expenses in 2012: $11,970,692
Richfield Retirement Community: 

 $11,970,692
Other organizations performing similar types of work: 

 $886,304

Income to expenses ratio in 2012: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2012: 622
Richfield Retirement Community: 

 622
Other organizations performing similar types of work: 

 22

Employees paid over $100,000 in 2012: 0.5%
This organization: 

 0.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 0.2%
Richfield Retirement Community: 

 0.2%
Other organizations performing similar types of work: 

 21.1%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$11,269,841
Contributions, Gifts, Grants and Other Similar Amounts$24,049
Program Service Revenue$8,493,174
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,818
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-422,217
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $422,217
Gain or (loss) (Securities / Other)$0 / $-422,217
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,166,017
Statement of Functional Expenses (for 2012)
Total functional expenses$11,970,692
Compensation of current officers, directors, trustees, and key employees$523,426
Other salaries and wages$4,781,587
Payroll taxes$431,917
Professional fundraising services$0
Other$6,233,762
Balance Sheet (for 2012)
Total assets$19,145,789
Total liabilities$11,291,980
Tax-exempt bond liabilities$2,640,000
Secured mortgages and notes payable to unrelated third parties$6,125,078
Unsecured notes and loans payable to unrelated third parties$0
Other$2,526,902
Total net assets or fund balances$7,853,809
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$61,856,697
Gifts, grants, contributions, and membership fees received$106,631
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$61,789,393
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$-39,327
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bridgewater Home Inc302 N 2nd St, Bridgewater, VA 22812-1712VA1966-05$17,632,817
2Stanley Total Living Center IncPO BOX 489, Stanley, NC 28164-0489NC1985-06$16,773,739
3Swiss Village Inc, D L Martin1350 West Main Street, Berne, IN 46711-1741IN1966-01$12,970,631
4Springpoint Senior Living Inc4814 Outlook Dr Ste 201, Wall Township, NJ 07753-6812NJ1997-01$12,753,817
5Richfield Retirement CommunityPO BOX 3240, Salem, VA 24153-0647VA1977-09$11,692,058
6Villa Rosa Nursing Home3800 Lottsford Vista Rd, Mitchellville, MD 20721-4018MD1946-03$10,599,586
7Culpeper Baptist Retirement Community Inc12399 Village Loop, Culpeper, VA 22701-4305VA1985-01$6,680,612
8Park Village Inc1501 Virginia Ave, Harrisonburg, VA 22802-2452VA1998-05$6,456,126
9Marian Manor Inc3333 Peters Creek Rd Nw, Roanoke, VA 24019-2719VA1984-11$5,687,273
10Culpepper Garden Iii Inc4435 N Pershing Dr, Arlington, VA 22203-2748VA1998-01$2,918,692
11Culpepper Garden Ii Inc4435 N Pershing Dr, Arlington, VA 22203-2748VA1998-01$1,072,355
12Oak Grove Residential Care IncPO BOX 340, Chatham, VA 24531-0340VA1980-04$579,022
13Twice Is Nice Inc923 Preston Ave, Charlottesville, VA 22903-4446VA1981-10$334,872
14Madonna Home Inc814 W 37th St, Norfolk, VA 23508-2610VA1978-08$258,649
15Life Lighthouse Inc408 Harrison St, Hampton, VA 23669-3049VA1990-08$55,820
16Virginia Diocesan Homes Inc7613 Hollins Rd, Richmond, VA 23229-6655VA1984-05$34,038
17Bethel Way Adult Home CenterPO BOX 3741, Martinsville, VA 24115-3741VA1990-07$0
18Retirement Center Of Christian Chrch-Dcipln Of Chrst-In Va Inc1400 Enterprise Drive, Lynchburg, VA 24502-5768VA1997-09$0
19Royal Air Force Benevolent Fund122 S Royal St, Alexandria, VA 22314-3328VA1990-10$0
20Virginia Long-Term Care Inc4346 Starkey Rd Ste 1, Roanoke, VA 24018-0605VA1998-07$0
Number of organizations performing similar types of work
Alaska3
Alabama2
Arkansas2
Arizona4
California40
Colorado4
Connecticut4
District of Columbia1
Florida9
Georgia7
Hawaii1
Iowa10
Illinois22
Indiana9
Kansas13
Kentucky5
Louisiana2
Massachusetts9
Maryland6
Maine4
Michigan19
Minnesota8
Missouri15
Mississippi4
Montana3
North Carolina8
North Dakota3
Nebraska4
New Hampshire1
New Jersey10
New Mexico1
Nevada1
New York32
Ohio18
Oklahoma5
Oregon6
Pennsylvania25
Rhode Island2
South Carolina1
South Dakota1
Tennessee8
Texas10
Utah1
Virginia16
Vermont4
Washington11
Wisconsin16
West Virginia3
Total393

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