Sun Valley Lodge FY2021 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1962EIN 86-0199887

To provide affordable, quality living choices for seniors in a trusting environment.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 $770K a year · 24% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$279K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
+1% vs prior year
Spent
$4.4M
To programs
67%
Net assets
$8.3M
By yearFY2020–FY2024
Revenue
$4.6M
FY2021▲ +1%
Revenue by fiscal year
FY2020$4.6M
FY2021$4.6M
FY2022$3.2M
FY2023$2.5M
FY2024$1.1M
FY2024$1.6M
Expenses
$4.4M
FY2021▼ -8%
Expenses by fiscal year
FY2020$4.8M
FY2021$4.4M
FY2022$4.3M
FY2023$4.0M
FY2024$2.3M
FY2024$2.5M
Net assets
$8.3M
FY2021▲ +2%
Net assets by fiscal year
FY2020$8.1M
FY2021$8.3M
FY2022$6.5M
FY2023$5.1M
FY2024$4.0M
FY2024$3.2M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 1971.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $3.0M Management & general 33% · $1.5M Fundraising 0% · $9K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022
Anthony Carrao—$116,121
Dean Kidder—$116,121
Tiarra Wright$104,290—

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 Sun Valley Lodge 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable, quality housing and a trusting environment for seniors.

Provided by the organization

This section is blank until Sun Valley Lodge claims this page.

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3 program services account for $3.0M of program spending, described in the organization's own filed words · FY2020.
01

Long-term care health services are provided in a 58 bed health center within the sun valley lodge. The nursing program is licensed by the arizona department of health services as a long term care provider license nci- 258.

$3.0Mprogram expense
02

We offer independent living in our two bedroom garden apartments that includes daily meals, emergency access to our caregivers, around the clock maintenance, and access to all our community amenities and functions.

Pt IX · col B
03

Assisted living program services are provided to residents in one of the 73 studio or one bedroom apartments. Residents can choose from a number of services to create a package of care that best suits their needs. Sun valley lodge is licensed for assisted living by the arizona department of health services license AL4866C.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$682K
Gifts and grantsLn 1h$47K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.0M
Managementcol C$1.5M
Fundraisingcol D$9K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$8.5M
LiabilitiesLn 26$279K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$682K
Other incomeLn 4–11$16K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$469K
Cash and savings togetherLn 1–2$469K
InvestmentsLn 11–13$5.2M
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$8.5M
LiabilitiesLn 26$279K
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 525
VolunteersI 61
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 FY21End FY21
Cash and savingsLn 1–2$960K$469K
InvestmentsLn 11–13$4.4M$5.2M
Land, buildings, equipmentLn 10c$2.9M$2.7M
Total assetsLn 16$8.4M$8.5M
LiabilitiesLn 26$274K$279K
Net assetsLn 32$8.1M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.5M$2.2M$281K
Payroll taxesLn 10$230K$200K$29K
Investment management feesLn 11f$699$699
Other fees for servicesLn 11g$449K$449K
InsuranceLn 23$448K$448K
Other expenses (24a–d)Ln 24$817K$574K$244K
All other expensesLn 24e$30K$21K$9K
Total functional expensesLn 25$4.4M$3.0M$1.5M$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$2.3M−$1.2M$4.0M 990 PDF
FY2023 $2.5M$4.0M−$1.5M$5.1M 990 PDF
FY2022 $3.2M$4.3M−$1.1M$6.5M 990 PDF
FY2021 Viewing $4.6M$4.4M$161K$8.3M 990 PDF
FY2020 $4.6M$4.8M−$253K$8.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $4,610,352 across 6 lines filed
VIII-1f All other contributions, gifts and grants$46,716
VIII-1h Total contributions, gifts and grants$46,716
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $3,866,121$3,866,121
VIII-3 Investment incomeRelated to mission $558,652 · Excluded from tax $123,153$681,805
VIII-6 Net rental income or lossExcluded from tax $15,710$15,710
VIII-12 Total revenueRelated to mission $558,652 · Excluded from tax $4,004,984$4,610,352
Part IX · Statement of functional expenses $4,449,428 across 7 lines filed
IX-7 Other salaries and wagesPrograms $2,193,196 · Management $280,763$2,473,959
IX-10 Payroll taxesPrograms $200,495 · Management $29,435$229,930
IX-11f Investment management feesManagement $699$699
IX-11g Other fees for servicesManagement $449,468$449,468
IX-23 InsuranceManagement $448,355$448,355
IX-24 Other expenses (24a–d)Programs $573,544 · Management $243,857$817,401
IX-24e All other expensesPrograms $21,100 · Fundraising $8,516$29,616
IX-25 Total functional expensesPrograms $2,988,335 · Management $1,452,577 · Fundraising $8,516$4,449,428
Part X · Balance sheet $8,537,257 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $959,706$468,568
X-8 Inventories for sale or useStart of year $41,868$41,068
X-9 Prepaid expenses and deferred chargesStart of year $57,489$67,808
X-10c Land, buildings and equipment, netStart of year $2,935,700$2,744,414
X-11 Publicly traded securitiesStart of year $4,365,526$5,203,829
X-12 Other securitiesStart of year $11,570$11,570
X-16 Total assetsStart of year $8,371,859$8,537,257
X-17 Accounts payable and accrued expensesStart of year $273,962$278,536
X-26 Total liabilitiesStart of year $274,062$278,536
X-27 Net assets without donor restrictionsStart of year $7,727,515$7,888,439
X-28 Net assets with donor restrictionsStart of year $370,282$370,282
X-32 Total net assets or fund balancesStart of year $8,097,797$8,258,721
X-33 Total liabilities and net assetsStart of year $8,371,859$8,537,257
Part XI · Reconciliation of net assets $8,258,721 net assets at year end
XI-1 Total revenue$4,610,352
XI-2 Total expenses$4,449,428
XI-3 Revenue less expenses$160,924
XI-4 Net assets at start of year$8,097,797
XI-10 Net assets at end of year$8,258,721

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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