Eagles Trace INC FY2023 filing

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Provide a home for seniors that satisfies their three primary needs.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $3.1M a year · 6% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$275.9M
112% of total assets
Concern: liabilities are 112% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 11 voting members
Looks good: 7 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.2M
-7% vs prior year
Spent
$56.5M
To programs
82%
Net assets
−$30.6M
By yearFY2020–FY2024
Revenue
$55.2M
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$48.1M
FY2021$53.0M
FY2022$59.2M
FY2023$55.2M
FY2024$61.4M
Expenses
$56.5M
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$50.5M
FY2021$55.4M
FY2022$64.5M
FY2023$56.5M
FY2024$65.5M
Net assets
−$30.6M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020−$26.0M
FY2021−$28.6M
FY2022−$34.4M
FY2023−$30.6M
FY2024−$34.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $46.4M Management & general 18% · $10.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$252,465Pt VII · Sec A
Director, Nursing
$148,866Pt VII · Sec A
Sales Counselor
$131,503Pt VII · Sec A
Nurse Practitioner, Ehwb
$122,995Pt VII · Sec A
Manager, Rehabilitation
$120,632Pt VII · Sec A
Director, Finance (beg 4/10/23)
$110,189Pt VII · Sec A
Manager, Home Support
$109,564Pt VII · Sec A
Director, Finance (thru 3/10/23)
$43,417Pt VII · Sec A

Stephen Aigner’s $265K as Executive Director is at the 70th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephen Aigner$265,156$252,465$237,104$230,450$235,125
Tricia Stringfellow$159,859$110,189———
Jenna Pascall$154,240$148,866$139,653$132,389$122,626
Joshua Chang—$43,417$150,250$146,441$147,887
Jodie Schroeder$130,704$131,503$141,760$112,928$115,788
Kendalisia Brown$136,054$122,995———
Michelle Espiritu-Camato$123,283$120,632$113,632$106,454$113,123
Juan Sierra$120,178———$108,948

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Eagles Trace INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers seniors a home meeting their essential needs for comfort, care, and community.

Questions for Eagles Trace INC

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1 program · $46.4M · in their own filed words · FY2023
01

Eagle's trace, inc. Provides services needed by senior residents, who reside in 979 independent living units, 28 assisted living units, 44 skilled nursing beds, and 36 memory care units. The services we provide to our residents include, but are not limited to housing, food, medical, security and maintenance services, recreational and…

$46.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$9K
Grants paid · 5 grants · $355K · 2020–2024
Unitemized GrantFY2024$86,191
Unitemized GrantFY2023$46,786
Unitemized GrantFY2022$80,719
Unitemized GrantFY2021$77,352
Unitemized GrantFY2020$63,854

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2022 · $764K federal money spent
Covid - 19 Provider Relief Fund and American Rescue Plan (arp) Rural Distribution" and "covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Health and Human Services · ALN 93.498 · Direct$568K
Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Tdem Texas Department of Emergency Management$196K

The auditor reported no findings.

Year ending Dec 2021 · $1.1M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$973K
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Tdem Texas Department of Emergency Management$168K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$55.2M
Ln 12
Fees for servicesLn 2g$54.2M
Gifts and grantsLn 1h$858K
Other incomeLn 4–11$180K
Money outPt IX
$56.5M
Ln 25
Programscol B$46.4M
Managementcol C$10.0M
Owns and owesPt X
−$30.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.5M
Total assetsLn 16$245.3M
LiabilitiesLn 26$275.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$858K
Government grantsLn 1e$62K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$54.2M
Investment incomeLn 3$13K
Other incomeLn 4–11$180K
Gains on assetsLn 7$4
Total revenueLn 12$55.2M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$9.5M
Cash and savings togetherLn 1–2$9.5M
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$14.9M
Other assetsLn 15$212.7M
Total assetsLn 16$245.3M
LiabilitiesLn 26$275.9M
Net assetsLn 32−$30.6M
OperationsPt I, VI
EmployeesI 5601
VolunteersI 6119
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7.1M$9.5M
InvestmentsLn 11–13$2.7M$3.3M
Land, buildings, equipmentLn 10c$193.8M$14.9M
Total assetsLn 16$411.6M$245.3M
LiabilitiesLn 26$446.0M$275.9M
Net assetsLn 32−$34.4M−$30.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$47K$47K
Pay of current officers, directors and key staffLn 5$437K$437K
Other salaries and wagesLn 7$17.8M$14.6M$3.2M
Pension plan contributionsLn 8$288K$225K$64K
Other employee benefitsLn 9$2.6M$2.0M$583K
Payroll taxesLn 10$1.4M$1.1M$264K
Management feesLn 11a$2.1M$2.1M
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$128K$15K$113K
Other fees for servicesLn 11g$6.0M$1.4M$4.6M
Advertising and promotionLn 12$1.7M$1.7M
Office expensesLn 13$5.0M$4.5M$506K
OccupancyLn 16$7.7M$7.7M$14K
TravelLn 17$108K$55K$53K
InterestLn 20$89K$89K
Depreciation, depletion and amortizationLn 22$8.5M$8.5M
InsuranceLn 23$663K$663K
Other expenses (24a–d)Ln 24$1.9M$1.8M$129K
Total functional expensesLn 25$56.5M$46.4M$10.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 21, 2025 $61.4M$65.5M−$4.2M−$34.6M 990 PDF
FY2023 ViewingFiled with the IRS Oct 2, 2024 $55.2M$56.5M−$1.2M−$30.6M 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $59.2M$64.5M−$5.2M−$34.4M 990 PDF
FY2021Filed with the IRS Oct 13, 2022 $53.0M$55.4M−$2.5M−$28.6M 990 PDF
FY2020Filed with the IRS Aug 31, 2021 $48.1M$50.5M−$2.4M−$26.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $55,218,440 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $935,070$858,151
I-9 Program service revenuePrior year $48,236,868$54,166,495
I-10 Investment incomePrior year $9,893,670$13,475
I-11 Other revenuePrior year $182,825$180,319
I-12 Total revenuePrior year $59,248,433$55,218,440
I-13 Grants and similar amounts paidPrior year $90,081$46,786
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,704,771$22,456,752
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,701,221$33,953,471
I-18 Total expensesPrior year $64,496,073$56,457,009
I-19 Revenue less expensesPrior year −$5,247,640−$1,238,569
Part VI · Governance 7 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $55,218,440 across 10 lines filed
VIII-1e Government grants$61,554
VIII-1f All other contributions, gifts and grants$796,597
VIII-1g Noncash contributions (included above)$8,765
VIII-1h Total contributions, gifts and grants$858,151
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,166,495$54,166,495
VIII-3 Investment incomeExcluded from tax $13,471$13,471
VIII-6 Net rental income or lossExcluded from tax $180,191$180,191
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4$4
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $128$128
VIII-12 Total revenueRelated to mission $54,166,495 · Unrelated business $0 · Excluded from tax $193,794$55,218,440
Part IX · Statement of functional expenses $56,457,009 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $46,786$46,786
IX-5 Pay of current officers, directors and key staffManagement $437,061$437,061
IX-7 Other salaries and wagesPrograms $14,594,371 · Management $3,180,002$17,774,373
IX-8 Pension plan contributionsPrograms $224,739 · Management $63,620$288,359
IX-9 Other employee benefitsPrograms $2,011,603 · Management $583,426$2,595,029
IX-10 Payroll taxesPrograms $1,098,078 · Management $263,852$1,361,930
IX-11a Management feesPrograms $2,085,212$2,085,212
IX-11b Legal feesManagement $30,669$30,669
IX-11c Accounting feesPrograms $15,203 · Management $112,656$127,859
IX-11g Other fees for servicesPrograms $1,356,157 · Management $4,646,924$6,003,081
IX-12 Advertising and promotionPrograms $1,699,035$1,699,035
IX-13 Office expensesPrograms $4,536,024 · Management $505,900$5,041,924
IX-16 OccupancyPrograms $7,679,838 · Management $14,025$7,693,863
IX-17 TravelPrograms $54,986 · Management $53,360$108,346
IX-20 InterestPrograms $89,301$89,301
IX-22 Depreciation, depletion and amortizationPrograms $8,523,312$8,523,312
IX-23 InsurancePrograms $662,522$662,522
IX-24 Other expenses (24a–d)Programs $1,759,316 · Management $129,031$1,888,347
IX-25 Total functional expensesPrograms $46,436,483 · Management $10,020,526 · Fundraising $0$56,457,009
Part X · Balance sheet $245,250,969 assets, 17 lines filed
Asset lines not itemized here account for $3,282,700; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,287$2,287
X-2 Savings and temporary cash investmentsStart of year $7,091,160$9,483,666
X-4 Accounts receivableStart of year $1,171,177$1,427,254
X-8 Inventories for sale or useStart of year $95,446$97,337
X-9 Prepaid expenses and deferred chargesStart of year $248,393$112,806
X-10c Land, buildings and equipment, netStart of year $193,753,293$14,854,849
X-11 Publicly traded securitiesStart of year $2,664,243$3,322,353
X-12 Other securitiesStart of year $146$154
X-15 Other assetsStart of year $0$212,667,563
X-16 Total assetsStart of year $411,591,225$245,250,969
X-17 Accounts payable and accrued expensesStart of year $8,203,029$9,298,329
X-25 Other liabilitiesStart of year $437,170,260$265,056,219
X-26 Total liabilitiesStart of year $446,017,789$275,896,188
X-27 Net assets without donor restrictionsStart of year −$37,718,940−$34,492,327
X-28 Net assets with donor restrictionsStart of year $3,292,376$3,847,108
X-32 Total net assets or fund balancesStart of year −$34,426,564−$30,645,219
X-33 Total liabilities and net assetsStart of year $411,591,225$245,250,969
Part XI · Reconciliation of net assets −$30,645,219 net assets at year end
XI-1 Total revenue$55,218,440
XI-2 Total expenses$56,457,009
XI-3 Revenue less expenses−$1,238,569
XI-4 Net assets at start of year−$34,426,564
XI-5 Net unrealized gains (losses) on investments$1
XI-8 Prior period adjustments$4,764,075
XI-9 Other changes in net assets$255,838
XI-10 Net assets at end of year−$30,645,219

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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