Regency Senior Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 58-1735490)

Revenue by fiscal year
FY2020	$635K
FY2021	$652K
FY2022	$676K
FY2023	$1.0M
FY2024	$6.8M

Expenses by fiscal year
FY2020	$752K
FY2021	$689K
FY2022	$752K
FY2023	$822K
FY2024	$574K

Net assets by fiscal year
FY2020	$1.8M
FY2021	$1.8M
FY2022	$1.7M
FY2023	$1.9M
FY2024	$8.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1987.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $479K Management & general 17% · $95K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation

Gerald Eickhoff

President

$0Pt VII · Sec A

Joseph F Glenn

Vice President

$0Pt VII · Sec A

Elizabeth C Glenn

Treasurer/Secretary

$0Pt VII · Sec A

Earleen Abernathy

Assistant Secretary/Vice President

$0Pt VII · Sec A

Robert L Reinhart

Director

$0Pt VII · Sec A

Larry Gay Reagin

Director

$0Pt VII · Sec A

Kim Declacey

Director

$0Pt VII · Sec A

Rebecca Bumm

Director

$0Pt VII · Sec A

See Regency Senior Housing INC executive salaries →

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for seniors.

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Provided by the organization

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1 program · $479K · in their own filed words · FY2024

01

Operation and maintenance of a 75 unit apartment complex for the elderly and self-sufficient handicapped in accordance with the us department of hud section 202 housing program. In 2024, the organization sold apartments and is no longer operating a housing project.

$479Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$6.8M

Ln 12

Investment incomeLn 3$6.1M

Fees for servicesLn 2g$711K

Other incomeLn 4–11$3K

Money outPt IX

$574K

Ln 25

Programscol B$479K

Managementcol C$95K

Owns and owesPt X

$8.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.5M

Total assetsLn 16$8.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$711K

Investment incomeLn 3$6.1M

Other incomeLn 4–11$3K

Gains on assetsLn 7$6.1M

Total revenueLn 12$6.8M

Assets in detailPt X, end of year

CashLn 1$2.5M

Cash and savings togetherLn 1–2$2.5M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$21K

Total assetsLn 16$8.1M

LiabilitiesLn 26$0

Net assetsLn 32$8.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$22K	$2.5M
Land, buildings, equipmentLn 10c	$1.5M	$0
Total assetsLn 16	$1.9M	$8.1M
LiabilitiesLn 26	$58K	$0
Net assetsLn 32	$1.9M	$8.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$124K	$124K
Other employee benefitsLn 9	$10K	$10K
Payroll taxesLn 10	$9K	$9K
Management feesLn 11a	$79K		$79K
Accounting feesLn 11c	$16K		$16K
Office expensesLn 13	$21K	$21K
OccupancyLn 16	$193K	$193K
TravelLn 17	$419	$419
Conferences, conventions and meetingsLn 19	$4K	$4K
Depreciation, depletion and amortizationLn 22	$80K	$80K
InsuranceLn 23	$32K	$32K
Other expenses (24a–d)Ln 24	$4K	$4K
Total functional expensesLn 25	$574K	$479K	$95K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$6.8M	$574K	$6.3M	$8.1M	990 PDF
FY2023	$1.0M	$822K	$191K	$1.9M	990 PDF
FY2022	$676K	$752K	−$77K	$1.7M	990 PDF
FY2021	$652K	$689K	−$38K	$1.8M	990 PDF
FY2020	$635K	$752K	−$117K	$1.8M	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 $6,838,063 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,008,145$711,394

I-10 Investment incomePrior year $1,854$6,124,046

I-11 Other revenuePrior year $3,340$2,623

I-12 Total revenuePrior year $1,013,339$6,838,063

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 $158,139$143,898

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $664,243$429,696

I-18 Total expensesPrior year $822,382$573,594

I-19 Revenue less expensesPrior year $190,957$6,264,469

Part VI · Governance 8 of 8 board members independent, 2 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $6,838,063 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $711,394$711,394

VIII-3 Investment incomeExcluded from tax $6,702$6,702

VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,117,344$6,117,344

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,623$2,623

VIII-12 Total revenueRelated to mission $711,394 · Unrelated business $0 · Excluded from tax $6,126,669$6,838,063

Part IX · Statement of functional expenses $573,594 across 12 lines filed

IX-7 Other salaries and wagesPrograms $123,998$123,998

IX-9 Other employee benefitsPrograms $10,437$10,437

IX-10 Payroll taxesPrograms $9,463$9,463

IX-11a Management feesManagement $78,578$78,578

IX-11c Accounting feesManagement $16,464$16,464

IX-13 Office expensesPrograms $21,433$21,433

IX-16 OccupancyPrograms $192,563$192,563

IX-17 TravelPrograms $419$419

IX-19 Conferences, conventions and meetingsPrograms $4,171$4,171

IX-22 Depreciation, depletion and amortizationPrograms $79,943$79,943

IX-23 InsurancePrograms $32,399$32,399

IX-24 Other expenses (24a–d)Programs $3,726$3,726

IX-25 Total functional expensesPrograms $478,552 · Management $95,042 · Fundraising $0$573,594

Part X · Balance sheet $8,134,360 assets, 11 lines filed

Asset lines not itemized here account for $5,601,791; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $21,914$2,511,336

X-9 Prepaid expenses and deferred chargesStart of year $51,059$0

X-10c Land, buildings and equipment, netStart of year $1,528,640$0

X-15 Other assetsStart of year $23,177$21,233

X-16 Total assetsStart of year $1,927,698$8,134,360

X-17 Accounts payable and accrued expensesStart of year $35,705$0

X-25 Other liabilitiesStart of year $22,102$0

X-26 Total liabilitiesStart of year $57,807$0

X-27 Net assets without donor restrictionsStart of year $1,869,891$8,134,360

X-32 Total net assets or fund balancesStart of year $1,869,891$8,134,360

X-33 Total liabilities and net assetsStart of year $1,927,698$8,134,360

Part XI · Reconciliation of net assets $8,134,360 net assets at year end

XI-1 Total revenue$6,838,063

XI-2 Total expenses$573,594

XI-3 Revenue less expenses$6,264,469

XI-4 Net assets at start of year$1,869,891

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,134,360

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

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Regency Senior Housing INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Regency Senior Housing INC

By the numbers

Filing history

Schedules filed Part IV