Richfield Living

Tax-deductible

Roanoke, VA501(c)(3)Since 1937Health CareEIN 54-0534606Revenue $85.9M in FY2024

On file with the IRSrichfieldliving.com1047 Mecca St Ne, 24012-6219 · Roanoke, VATax-exempt since Jun 1940Publicly supported — 509(a)(2)

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Helping individuals experience life to the fullest, through every phase of their journey.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 160 volunteers and 631 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 5
filings with a surplus
Average deficit $5.9M a year · 13% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$585K
to officers and key staff · 0.7% of spending
Top officer’s pay lower than 59% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15.0M
×36 of total assets
Concern: liabilities are 3600% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85.9M
+106% vs prior year
Spent
$82.1M
To programs
85%
Net assets
−$14.6M
By yearFY2020–FY2024
Revenue
$85.9M
FY2024▲ +106%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.3M
FY2021$32.0M
FY2022$35.3M
FY2023$41.7M
FY2024$85.9M
Expenses
$82.1M
FY2024▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2020$35.6M
FY2021$41.3M
FY2022$48.0M
FY2023$51.5M
FY2024$82.1M
Net assets
−$14.6M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.4M
FY2021$4.0M
FY2022−$8.8M
FY2023−$18.6M
FY2024−$14.6M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1940.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $69.8M Management & general 15% · $12.3M

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

8 people listed on the 990; $585K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$285,968Pt VII · Sec A
Executive/Corp Secretary
$160,200Pt VII · Sec A
Director of Proj Mngt
$106,412Pt VII · Sec A
$32,550Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary P Clements’s $286K as CFO is at the 41st percentile of top reported officer pay among 2901 $10–100M health care 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
Cherie Grisso—$288,788$293,986$267,884$223,664
Mary P Clements$285,968$194,343———
Sue Lafave———$207,673—
George Child————$201,367
Mary Clements——$198,679——
Susan Lafave————$193,590
Tonya Woolwine$160,200$84,504$159,651$91,589$88,065
Yolanda Davis———$159,651$125,327

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.

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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

Empowering people to live fully through every stage of life.

Questions for Richfield Living

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Provided by the organization

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1 program · $69.8M · in their own filed words · FY2023
01

Helping individuals experience life to the fullest, through every phase of their journey, by providing high-quality skilled nursing care, rehabilitative nursing care, assisted living housing and services, and independent living communities.

$69.8Mprogram 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 · FY2021
Total grants receivedfrom 1 funder$35K
Grants paid · 1 grant · $41K · 2019–2019
Unitemized GrantFY2019$40,600

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$85.9M
Ln 12
Investment incomeLn 3$84.1M
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$11K
Money outPt IX
$82.1M
Ln 25
Programscol B$69.8M
Managementcol C$12.3M
Owns and owesPt X
−$14.6M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$434K
LiabilitiesLn 26$15.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$84.1M
Other incomeLn 4–11$11K
Gains on assetsLn 7$84.1M
Total revenueLn 12$85.9M
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$171K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$181K
Total assetsLn 16$434K
LiabilitiesLn 26$15.0M
Net assetsLn 32−$14.6M
OperationsPt I, VI
EmployeesI 5631
VolunteersI 6160
Fiscal year endsHeaderSeptember
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 FY24End FY24
Cash and savingsLn 1–2$2.6M$83K
InvestmentsLn 11–13$10.6M$171K
Land, buildings, equipmentLn 10c$93.2M$0
Total assetsLn 16$112.4M$434K
LiabilitiesLn 26$131.0M$15.0M
Net assetsLn 32−$18.6M−$14.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$529K$529K
Other salaries and wagesLn 7$290K$258K$32K
Pension plan contributionsLn 8$55K$3K$52K
Other employee benefitsLn 9$403K$403K
Payroll taxesLn 10$92K$61K$31K
Legal feesLn 11b$118K$118K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$721K$0$721K$0
Office expensesLn 13$38K$38K
Information technologyLn 14$103K$103K
OccupancyLn 16$411K$182K$229K
TravelLn 17$18$18
InterestLn 20$13.0M$12.4M$651K
Depreciation, depletion and amortizationLn 22$64.0M$56.3M$7.7M
InsuranceLn 23$199K$199K
Other expenses (24a–d)Ln 24$1.9M$415K$1.5M
All other expensesLn 24e$233K$233K$0$0
Total functional expensesLn 25$82.1M$69.8M$12.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $85.9M$82.1M$3.8M−$14.6M 990 PDF
FY2023 $41.7M$51.5M−$9.8M−$18.6M 990 PDF
FY2022 $35.3M$48.0M−$12.7M−$8.8M 990 PDF
FY2021 $32.0M$41.3M−$9.3M$4.0M 990 PDF
FY2020 $34.3M$35.6M−$1.3M$13.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $85,938,343 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,658$0
I-9 Program service revenuePrior year $39,767,404$1,862,063
I-10 Investment incomePrior year $13,358$84,065,412
I-11 Other revenuePrior year $1,799,693$10,868
I-12 Total revenuePrior year $41,705,113$85,938,343
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,286,000$1,368,840
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $27,250,371$80,759,416
I-18 Total expensesPrior year $51,536,371$82,128,256
I-19 Revenue less expensesPrior year −$9,831,258$3,810,087
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $85,938,343 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,862,063$1,862,063
VIII-7 Net gain or loss on sales of assetsExcluded from tax $84,065,412$84,065,412
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,868$10,868
VIII-12 Total revenueRelated to mission $1,862,063 · Unrelated business $0 · Excluded from tax $84,076,280$85,938,343
Part IX · Statement of functional expenses $82,128,256 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $529,213$529,213
IX-7 Other salaries and wagesPrograms $257,600 · Management $32,109$289,709
IX-8 Pension plan contributionsPrograms $3,231 · Management $51,600$54,831
IX-9 Other employee benefitsManagement $403,198$403,198
IX-10 Payroll taxesPrograms $61,313 · Management $30,576$91,889
IX-11b Legal feesManagement $117,650$117,650
IX-11c Accounting feesManagement $35,843$35,843
IX-11g Other fees for servicesPrograms $0 · Management $720,884 · Fundraising $0$720,884
IX-13 Office expensesManagement $38,370$38,370
IX-14 Information technologyManagement $102,732$102,732
IX-16 OccupancyPrograms $181,898 · Management $228,882$410,780
IX-17 TravelManagement $18$18
IX-20 InterestPrograms $12,365,797 · Management $650,831$13,016,628
IX-22 Depreciation, depletion and amortizationPrograms $56,315,995 · Management $7,679,454$63,995,449
IX-23 InsuranceManagement $199,227$199,227
IX-24 Other expenses (24a–d)Programs $415,471 · Management $1,473,145$1,888,616
IX-24e All other expensesPrograms $233,219 · Management $0 · Fundraising $0$233,219
IX-25 Total functional expensesPrograms $69,834,524 · Management $12,293,732 · Fundraising $0$82,128,256
Part X · Balance sheet $434,323 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,591,132$82,627
X-3 Pledges and grants receivableStart of year $56,516$0
X-4 Accounts receivableStart of year $5,438,524$0
X-8 Inventories for sale or useStart of year $138,756$0
X-9 Prepaid expenses and deferred chargesStart of year $148,865$0
X-10c Land, buildings and equipment, netStart of year $93,159,931$0
X-11 Publicly traded securitiesStart of year $10,556,389$171,136
X-15 Other assetsStart of year $334,532$180,560
X-16 Total assetsStart of year $112,424,645$434,323
X-17 Accounts payable and accrued expensesStart of year $3,207,204$2,070,417
X-20 Tax-exempt bond liabilitiesStart of year $36,940,112$12,919,365
X-25 Other liabilitiesStart of year $179,581$0
X-26 Total liabilitiesStart of year $131,002,292$14,989,782
X-27 Net assets without donor restrictionsStart of year −$19,646,193−$15,624,005
X-28 Net assets with donor restrictionsStart of year $1,068,546$1,068,546
X-32 Total net assets or fund balancesStart of year −$18,577,647−$14,555,459
X-33 Total liabilities and net assetsStart of year $112,424,645$434,323
Part XI · Reconciliation of net assets −$14,555,459 net assets at year end
XI-1 Total revenue$85,938,343
XI-2 Total expenses$82,128,256
XI-3 Revenue less expenses$3,810,087
XI-4 Net assets at start of year−$18,577,647
XI-5 Net unrealized gains (losses) on investments$212,101
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$14,555,459

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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