Civic Intelligence

Army Retirement Residence Supporting

EIN 02-0686831 • 501(c)3 • San Antonio, TX

Profile

The army retirement residence supporting foundation provides support for the exclusive benefit of the army retirement residence foundation san antonio. The supporting foundation keeps the capital items to include cash and investments, debt, and facilities and prepares capital budgets based on cash inflows into the organization.

10000 RhinelandSan Antonio, TX 78239

www. armyresidence.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

14.31x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

17th percentile

-7.1%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$278,533

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

36th percentile

2.8%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-46%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$186,099,805

Up $5,025,977 (+2.8%) from 2023

Liabilities

Up

$185,722,720

Up $5,352,389 (+3.0%) from 2023

Net Assets

Down

$377,085

Down $326,412 (-46%) from 2023

Revenue

Down

$12,980,336

Down $10,907,958 (-46%) from 2023

Expenses

Up

$13,907,044

Up $2,986,598 (+27%) from 2023

Net Income

Down

-$926,708

Down $13,894,556 (-107%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0-$50MAssets 2011: $132,479,374Liabilities 2011: $119,047,686Net Assets 2011: $13,431,6882011Assets 2012: $132,324,432Liabilities 2012: $118,480,671Net Assets 2012: $13,843,7612012Assets 2013: $144,976,139Liabilities 2013: $139,162,865Net Assets 2013: $5,813,2742013Assets 2014: $151,989,976Liabilities 2014: $144,350,830Net Assets 2014: $7,639,1462014Assets 2015: $150,200,271Liabilities 2015: $145,887,267Net Assets 2015: $4,313,0042015Assets 2016: $148,335,232Liabilities 2016: $145,810,057Net Assets 2016: $2,525,1752016Assets 2017: $139,276,575Liabilities 2017: $147,660,940Net Assets 2017: -$8,384,3652017Assets 2018: $135,625,848Liabilities 2018: $145,276,151Net Assets 2018: -$9,650,3032018Assets 2019: $131,904,555Liabilities 2019: $141,413,079Net Assets 2019: -$9,508,5242019Assets 2020: $129,021,686Liabilities 2020: $140,193,357Net Assets 2020: -$11,171,6712020Assets 2021: $129,383,630Liabilities 2021: $137,795,872Net Assets 2021: -$8,412,2422021Assets 2022: $126,197,570Liabilities 2022: $139,641,878Net Assets 2022: -$13,444,3082022Assets 2023: $181,073,828Liabilities 2023: $180,370,331Net Assets 2023: $703,4972023Assets 2024: $186,099,805Liabilities 2024: $185,722,720Net Assets 2024: $377,0852024

Highlighted filing

2024

Assets$186,099,805
Liabilities$185,722,720
Net Assets$377,085

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $4,090,1492011Expenses 2012: $6,437,6792012Revenue 2013: $7,699,558Expenses 2013: $8,725,455Net Income 2013: -$1,025,8972013Revenue 2014: $8,265,578Expenses 2014: $10,006,889Net Income 2014: -$1,741,3112014Revenue 2015: $8,885,291Expenses 2015: $10,379,859Net Income 2015: -$1,494,5682015Revenue 2016: $8,001,762Expenses 2016: $10,659,529Net Income 2016: -$2,657,7672016Revenue 2017: $311,460Expenses 2017: $10,294,920Net Income 2017: -$9,983,4602017Revenue 2018: $8,761,785Expenses 2018: $9,945,209Net Income 2018: -$1,183,4242018Revenue 2019: $9,561,269Expenses 2019: $9,876,904Net Income 2019: -$315,6352019Revenue 2020: $12,596,232Expenses 2020: $10,173,509Net Income 2020: $2,422,7232020Revenue 2021: $14,814,342Expenses 2021: $11,332,390Net Income 2021: $3,481,9522021Revenue 2022: $9,446,052Expenses 2022: $12,165,315Net Income 2022: -$2,719,2632022Revenue 2023: $23,888,294Expenses 2023: $10,920,446Net Income 2023: $12,967,8482023Revenue 2024: $12,980,336Expenses 2024: $13,907,044Net Income 2024: -$926,7082024

Highlighted filing

2024

Revenue$12,980,336
Expenses$13,907,044
Net Income-$926,708

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$186$186$0.38$13.0$13.9$0.93
2023Detailed filing. Detailed filing data is available for this year.$181$180$0.70$23.9$10.9$13.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$140$13.4$9.45$12.2$2.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$138$8.41$14.8$11.3$3.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$140$11.2$12.6$10.2$2.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$132$141$9.51$9.56$9.88$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$145$9.65$8.76$9.95$1.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$148$8.38$0.31$10.3$9.98
2016Detailed filing. Detailed filing data is available for this year.$148$146$2.53$8.00$10.7$2.66
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$146$4.31$8.89$10.4$1.49
2014Detailed filing. Detailed filing data is available for this year.$152$144$7.64$8.27$10.0$1.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$139$5.81$7.70$8.73$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$118$13.8$6.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$119$13.4$4.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 11, 2025
Return Version
2023v6.0
Gross Receipts
$25,273,183
Mission and Program Overview

Mission

The army retirement residence supporting foundation provides support for the exclusive benefit of the army retirement residence foundation san antonio. The supporting foundation keeps the capital items to include cash and investments, debt, and facilities and prepares capital budgets based on cash inflows into the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$127,248,776$141,848,027▲ $14,599,251
Investments in Publicly Traded Securities$40,095,552$32,971,797▼ $7,123,755
Cash and Non-Interest-Bearing Accounts$12,070,227$7,867,241▼ $4,202,986
Accounts Receivable$201,432$178,101▼ $23,331
Prepaid Expenses and Deferred Charges$4,717$5,233▲ $516
Total Assets$181,073,828$186,099,805▲ $5,025,977
Other Assets Total$1,453,124$3,229,406▲ $1,776,282
Liabilities
Tax Exempt Bond Liabilities$116,337,269$116,155,838▼ $181,431
Other Liabilities$60,057,513$65,663,629▲ $5,606,116
Accounts Payable and Accrued Expenses$3,975,549$3,903,253▼ $72,296
Total Liabilities$180,370,331$185,722,720▲ $5,352,389
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,537,024$2,947,751▲ $410,727
Net Assets Without Donor Restrictions$-1,833,527$-2,570,666▼ $737,139
Total Net Assets Fund Balance$703,497$377,085▼ $326,412
Total Liabilities and Net Assets / Fund Balance$181,073,828$186,099,805▲ $5,025,977

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$120,690,637$101,883,892$222,574,529
Land$11,316,648-$11,316,648
Equipment$9,840,742-$9,840,742

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,233,771$3,775▲ $238,042-$2,436,633
2022$2,110,806$250▲ $139,865-$2,233,771
2021$2,307,367-▼ $187,986-$2,110,806
2020$1,930,034$51,425▲ $326,545-$2,307,367
2019$1,931,833$1,987▲ $7,804-$1,930,034
Compensation and Service Providers

Employees

NameTitleOtherTotal
Cordelia TostensonSr Director of Business Development$143,061$143,061

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Fabian's Enterprises LLC-831 FULTON, San Antonio, TX 78212$3,742,055
Rz Construction-8465 FM 1976, Converse, TX 78109$1,533,823
Air & Plumbing Today LLC-3615 TAVERN OAKS, San Antonio, TX 78247$1,397,363
Cabinets & Granite Creations LLC-18602 ELMBROOK, San Antonio, TX 78258$1,213,543
Alamo Tech LLC-143 PARK DRIVE, San Antonio, TX 78212$814,100
Revenue and Support

Revenue Composition

Contributions and Grants
$581,037
Program Service Revenue
$9,490,202
Investment Income
$2,223,097
Other Revenue
$686,000
All Other Contributions
$581,037
Change in Net Assets
$-926,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,907,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$8,124,227$82,063-$8,206,290
Interest$5,357,450$54,116-$5,411,566
Other Expenses$90,542$22,635-$113,177
Fees for Services Other$22,694$4,187-$26,881
Total Functional Expenses$13,742,552$164,492$0$13,907,044
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Entrance Fee$51,280,830
Refundable Entrance Fee$14,016,404
Unearned Deposits$366,395

Bond Issues

BondIssuerIssuedIssue PricePurpose
BBexar County Health Facilities Development Corp Revenue Refunding Bonds2016-10-27$59,050,297REFUNDING
ANew Hope Cultural Ed Facilities Finance Corp2022-07-15$40,185,874Refunding and new capital project
CBexar County Health Facilities Development Corp Revenue Refunding Bonds2018-02-28$31,017,109REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$61,145,945$59,964,940$5,525,000$1,181,005
A$40,732,324$1,718,957$3,235,000$793,145
C$31,017,109$30,397,060-$620,049

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed by the ceo and cfo and presented to the board of directors for approval before filing.

Form 990, Part VI, Section B, Line 12C

All board of directors members annually sign a conflict of interest statement as well as periodically grade each other and the board of directors as to its effectiveness.

Form 990, Part VI, Section B, Line 15

Compensation process for top official: the finance committee uses a written review of the ceo, along with a wage survey provided by our trade organization (leading age). Additionally, the salary information for the ceo of other continuing care retirement communities in the san antonio area are provided. This is to ensure our ceo's wage is in line, yet competitive. This process occures each year in august. Compensation process for officers: senior management gathers current salary information from trade organizations and from local and national databases. The annual budget is considered as well as the experience level and recent performance reviews of each officer. Senior management considers all of these factors and the ceo makes the final determination.

Form 990, Part VI, Section C, Line 18

The organization makes its governing documents, conflict of interest policy, and financial statements available to all stakeholders and the public at large by keeping copies at our offices as well as the library during regular business hours.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to all stakeholders and the public at large by keeping copies at our offices as well as the library during regular business hours.

Filing and Contact Details

Filer

Filer Name
Army Retirement Residence Supporting Fou
EIN
02-0686831
Phone
2106465307
Address
10000 RHINELAND, SAN ANTONIO, TX 78239

Signing Officer

Name
Gorgon Shoger
Title
CFO
Phone
2106465307
Signed
2025-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Fuller
Formed
2004
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Firm
Adkf Pc
Address
9601 MCALLISTER FREEWAY SUITE 800, SAN ANTONIO, TX 78216
Preparer
Joseph a Hernandez
Phone
2108291300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The cfo and ceo assume oversight of the financial statement audit.

Financial Statement Notes

PART II, LINE 5:

The army residence community has an on-site mitigation plan prepared by swca, and dated november 14, 2011 (mitigation plan).

Raw XML AppendixShowing 400 of 795 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0THE ARMY RETIREMENT RESIDENCE SUPPORTING FOUNDATION PROVIDES SUPPORT FOR THE EXCLUSIVE BENEFIT OF THE ARMY RETIREMENT RESIDENCE FOUNDATION SAN ANTONIO. THE SUPPORTING FOUNDATION KEEPS THE CAPITAL ITEMS TO INCLUDE CASH AND INVESTMENTS, DEBT, AND FACILITIES AND PREPARES CAPITAL BUDGETS BASED ON CASH INFLOWS INTO THE ORGANIZATION.
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IRS990/Desc0THE ARMY RETIREMENT RESIDENCE SUPPORTING FOUNDATION PROVIDES INVESTMENT OVERSIGHT FOR CAPITAL FUNDS GENERATED THROUGH UNIT SALES OF LIFE CARE CONTRACTS. THESE FUNDS ARE INVESTED AND REVIEWED BY THE BOARD OF DIRECTORS AND FUNDS ARE USED TO SUPPORT THE CAPITAL NEEDS AND DEBT SERVICE REQUIREMENTS OF THE CONTINUING CARE RETIREMENT COMMUNITY AS A WHOLE. THE FOUNDATION ALSO PROVIDES FOR THE FACILITIES USED BY RESIDENTS IN SUPPORT OF THE LIFE CONTRACTS. THE MANAGEMENT INCLUDES THE PREPARATION OF CAPITAL BUDGETS AND PROVIDING CAPITAL IN THE FORM OF DEBT ISSUANCE FOR LARGER PROJECTS. ALL FACILITIES USED, GROWN OR MAINTAINED ARE FOR THE BENEFIT OF THE ARMY RETIREMENT RESIDENCE FOUNDATION.
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