Civic Intelligence

Retirement Community of Fairbanks

990 • Fiscal year 2019 • EIN 20-1253962

Apr 01, 2018 to Mar 31, 2019 • Filed on Sep 30, 2019

949 Mcgown StreetFairbanks, AK 99701

(907) 328-5454

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.55x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

4.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

17th percentile

-9.1%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

20th percentile

-2.6%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-0.5%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$28,013,243

Down $753,998 (-2.6%) from 2018

Net Assets

Down

$12,688,319

Down $291,689 (-2.2%) from 2018

Liabilities

Down

$15,324,924

Down $462,309 (-2.9%) from 2018

Revenue

Down

$3,201,413

Down $14,926 (-0.5%) from 2018

Expenses

Down

$3,493,104

Down $106,902 (-3.0%) from 2018

Net Income

Up

-$291,691

Up $91,976 (+24%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $5,649,808Liabilities 2011: $2,696,149Net Assets 2011: $2,953,6592011Assets 2012: $11,295,201Liabilities 2012: $4,462,256Net Assets 2012: $6,832,9452012Assets 2013: $20,989,083Liabilities 2013: $8,144,463Net Assets 2013: $12,844,6202013Assets 2014: $22,501,928Liabilities 2014: $8,276,239Net Assets 2014: $14,225,6892014Assets 2015: $22,013,832Liabilities 2015: $8,097,843Net Assets 2015: $13,915,9892015Assets 2016: $29,874,935Liabilities 2016: $16,082,992Net Assets 2016: $13,791,9432016Assets 2017: $29,194,933Liabilities 2017: $15,831,256Net Assets 2017: $13,363,6772017Assets 2018: $28,767,241Liabilities 2018: $15,787,233Net Assets 2018: $12,980,0082018Assets 2019: $28,013,243Liabilities 2019: $15,324,924Net Assets 2019: $12,688,3192019Assets 2020: $27,202,204Liabilities 2020: $14,859,076Net Assets 2020: $12,343,1282020Assets 2021: $26,695,929Liabilities 2021: $14,562,596Net Assets 2021: $12,133,3332021Assets 2022: $25,931,909Liabilities 2022: $14,221,288Net Assets 2022: $11,710,6212022Assets 2023: $25,476,710Liabilities 2023: $14,092,009Net Assets 2023: $11,384,7012023Assets 2024: $24,714,135Liabilities 2024: $13,630,962Net Assets 2024: $11,083,1732024Assets 2025: $24,156,818Liabilities 2025: $13,288,408Net Assets 2025: $10,868,4102025

Highlighted filing

2019

Assets$28,013,243
Liabilities$15,324,924
Net Assets$12,688,319

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $261,6022011Expenses 2012: $653,6962012Expenses 2013: $1,299,7482013Revenue 2014: $3,503,830Expenses 2014: $2,122,761Net Income 2014: $1,381,0692014Revenue 2015: $2,074,928Expenses 2015: $2,384,628Net Income 2015: -$309,7002015Revenue 2016: $2,458,681Expenses 2016: $2,582,727Net Income 2016: -$124,0462016Revenue 2017: $3,086,138Expenses 2017: $3,514,403Net Income 2017: -$428,2652017Revenue 2018: $3,216,339Expenses 2018: $3,600,006Net Income 2018: -$383,6672018Revenue 2019: $3,201,413Expenses 2019: $3,493,104Net Income 2019: -$291,6912019Revenue 2020: $3,189,678Expenses 2020: $3,534,869Net Income 2020: -$345,1912020Revenue 2021: $2,953,145Expenses 2021: $3,162,940Net Income 2021: -$209,7952021Revenue 2022: $2,843,131Expenses 2022: $3,264,367Net Income 2022: -$421,2362022Revenue 2023: $3,022,259Expenses 2023: $3,339,424Net Income 2023: -$317,1652023Revenue 2024: $3,463,674Expenses 2024: $3,786,720Net Income 2024: -$323,0462024Revenue 2025: $3,781,387Expenses 2025: $3,993,836Net Income 2025: -$212,4492025

Highlighted filing

2019

Revenue$3,201,413
Expenses$3,493,104
Net Income-$291,691
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Sep 30, 2019
Return Version
2018v3.1
Gross Receipts
$3,204,151
Mission and Program Overview

Mission

The organization's mission is provide a dynamic residence for fairbanks seniors where diversity, security, healthy living, independence, and mutual assistance are core values, and a vibrant community center for fairbanks area events and senior activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,513,107$26,752,114▼ $760,993
Savings and Temporary Cash Investments$640,588$656,849▲ $16,261
Cash and Non-Interest-Bearing Accounts$238,984$213,584▼ $25,400
Investments Other Securities$100,206$111,960▲ $11,754
Intangible Assets$107,335$100,953▼ $6,382
Prepaid Expenses and Deferred Charges$92,634$73,067▼ $19,567
Accounts Receivable$23,154$34,376▲ $11,222
Inventories for Sale or Use$23,400$18,588▼ $4,812
Total Assets$28,767,241$28,013,243▼ $753,998
Other Assets Total$27,833$51,752▲ $23,919
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,183,365$14,797,763▼ $385,602
Other Liabilities$388,417$355,805▼ $32,612
Accounts Payable and Accrued Expenses$215,451$171,356▼ $44,095
Total Liabilities$15,787,233$15,324,924▼ $462,309
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,605,645$10,630,792▲ $25,147
Unrestricted Net Assets$2,374,363$2,057,527▼ $316,836
Total Net Assets Fund Balance$12,980,008$12,688,319▼ $291,689
Total Liabilities and Net Assets / Fund Balance$28,767,241$28,013,243▼ $753,998

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,228,639$3,940,701$27,169,340
Land$3,140,637-$3,140,637
Equipment$226,439$436,268$662,707
Other Land Buildings$156,399$59,461$215,860
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca DawsonGeneral ManaFT$67,267$67,267

Board Members and Trustees

NameTitle
Mike FisherPresident
Emily EnnisDirector
Janet CobbDirector
Karen ParrDirector
Kathy EllingsonDirector
Larry ZervosDirector
Mike CookDirector
Paul FrithDirector
Randy CheapDirector
Vickie WilsonDirector
Peggy PollenSecretary
Colleen FitzgeraldTreasurer
Galen JohnsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$59,112
Program Service Revenue
$3,133,341
Investment Income
$3,485
Other Revenue
$5,475
All Other Contributions
$59,112
Change in Net Assets
$-291,691

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$10,423
Works of Art1$3,000
Total Noncash Contributions2$13,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,201,413
Total Revenue per Audited Statements
$3,201,413
Total Revenue per Form 990
$3,201,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,612,026
Salaries, Compensation, and Employee Benefits$881,078
Total Fundraising Expense$750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$794,924--$794,924
Depreciation Depletion$766,838$21,697-$788,535
Other Salaries and Wages$687,908$40,706-$728,614
Occupancy$451,260$2,407-$453,667
Insurance$118,008$3,223-$121,231
Payroll Taxes$62,302$5,471-$67,773
Current Officers, Directors, Trustees, and Key Employees$43,724$23,543-$67,267
Office Expenses$44,569$3,566$750$48,885
Fees for Services Accounting$28,450$1,336-$29,786
Other Employee Benefits$16,017$1,407-$17,424
Fees for Services Other$6,000$2,608-$8,608
Other Expenses$3,120$1,313-$3,120
Fees for Services Legal-$660-$660
All Other Expenses$1,702$-21,229-$-19,527
Total Functional Expenses$3,405,467$86,887$750$3,493,104

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,493,104
Total Expenses per Audited Statements$3,493,104
Total Expenses per Form 990$3,493,104
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Karen ParrDirectorRentNo$27,960
Karen ParrDirectorDonationsNo$10,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$215,290
Prepaid Deposits$120,515
Line of Credit$20,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copy of form 990 reviewed by board member for content. Once all information was completed, the final form 990 was presented to the board of directors for review.

Form 990, Page 6, Part VI, Line 19

Policy and financial statements are available on written request.

Filing and Contact Details

Filer

Filer Name
Retirement Community
EIN
20-1253962
Phone
9073285454
Address
949 MCGOWN STREET, FAIRBANKS, AK 99701

Signing Officer

Name
Rebecca Dawson
Title
General Manager
Phone
9073285454
Signed
2019-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Dawson
Formed
2004
Legal Domicile
Ak
Voting Board Members
13
Independent Board Members
13
Employees
42
Volunteers
55

Preparer

Firm
Kohler Schmitt & Hutchison Pc
Address
PO BOX 70607, FAIRBANKS, AK 99707-0607
Preparer
Garry Hutchison
Phone
9074566676
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's mission is provide a dynamic residence for fairbanks seniors where diversity, security, healthy living, independence, and mutual assistance are core values, and a vibrant community center for fairbanks area events and senior activities

Form 990, Page 1, Part I, Line 6

Front office receptionist volunteer hours are for five days a week and six hours a day

Form 990, Part XI, Line 9

ROUNDING 2

Financial Statement Notes

Schedule D, Page 3, Part X

Management has evaluted the organization's tax position and determined there are no liabilities required to be recognized

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IRS990/ScheduleBRequiredInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.2$13.3$10.9$3.78$3.99$0.21
2024Detailed filing. Detailed filing data is available for this year.$24.7$13.6$11.1$3.46$3.79$0.32
2023Detailed filing. Detailed filing data is available for this year.$25.5$14.1$11.4$3.02$3.34$0.32
2022Detailed filing. Detailed filing data is available for this year.$25.9$14.2$11.7$2.84$3.26$0.42
2021Detailed filing. Detailed filing data is available for this year.$26.7$14.6$12.1$2.95$3.16$0.21
2020Detailed filing. Detailed filing data is available for this year.$27.2$14.9$12.3$3.19$3.53$0.35
2019Detailed filing. Detailed filing data is available for this year.$28.0$15.3$12.7$3.20$3.49$0.29
2018Detailed filing. Detailed filing data is available for this year.$28.8$15.8$13.0$3.22$3.60$0.38
2017Detailed filing. Detailed filing data is available for this year.$29.2$15.8$13.4$3.09$3.51$0.43
2016Detailed filing. Detailed filing data is available for this year.$29.9$16.1$13.8$2.46$2.58$0.12
2015Detailed filing. Detailed filing data is available for this year.$22.0$8.10$13.9$2.07$2.38$0.31
2014Detailed filing. Detailed filing data is available for this year.$22.5$8.28$14.2$3.50$2.12$1.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$8.14$12.8$1.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$4.46$6.83$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$2.70$2.95$0.26