Ccrc INC

Lynchburg, VAUnknown exempt organization EIN 54-1929580Revenue $16.8M in FY2022

On file with the IRSsummitlynchburg.com1920 Atherholt Road · Lynchburg, VA

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Continuing care retirement center.

$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $10.3M a year · 83% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Pay to officers and key staff
$54K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Liabilities
$3.2M
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.8M
+113% vs prior year
Spent
$0
Net assets
$0
By yearFY2020–FY2022
Revenue
$16.8M
FY2022▲ +113%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.9M
FY2022$16.8M
Expenses
$0
FY2022▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2022$0
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$467K
FY2022$0

From the FY2022 Form 990 (year ending May 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Who runs it and what they're paid

14 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Dir of Ccrc (thru Apr 2021)
$53,956Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President & Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2020
Gina Meadows$53,956$129,982

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 15aNo

Programs and updates

Provides housing, healthcare, and support for seniors.

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Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2021
01

CCRC, inc. Was a continuing care retirement community incorporated on december 8, 1998, to build and establish a senior living community, the summit, dedicated to providing an environment for each resident to be engaged in life.

$1.7Mprogram expense
02

No program service activities in 2022.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$16.8M
Ln 12
Investment incomeLn 3$13.4M
Fees for servicesLn 2g$3.1M
Other incomeLn 4–11$384K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$0
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$13.4M
Other incomeLn 4–11$384K
Total revenueLn 12$16.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$3.2M
Total assetsLn 16$0
LiabilitiesLn 26$3.2M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $16.8M$0$16.8M$0 990 PDF
FY2021 Not on file
FY2020 $7.9M$4.2M$3.8M$467K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons O · Explanations
See the full FY2022 990 (1 part)
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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