Civic Intelligence

The Temple Foundation Inc.

990 • Fiscal year 2013 • EIN 54-6056731

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 30, 2014

9229 Arlington Boulevard22031

(703) 591-8993

Siviq Scores

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

Liabilities / Assets

47th percentile

0.26x

Higher debt load relative to assets than 47% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

39th percentile

0.22x

Higher debt load relative to revenue than 39% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

47th percentile

$222,554

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

40th percentile

2.6%

Faster asset growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$24,939,963

Up $637,677 (+2.6%) from 2012

Net Assets

Up

$18,336,138

Up $1,291,603 (+7.6%) from 2012

Liabilities

Down

$6,603,825

Down $653,926 (-9.0%) from 2012

Revenue

$30,035,700

No earlier filing loaded for comparison.

Expenses

Up

$28,545,781

Up $1,069,091 (+3.9%) from 2012

Net Income

$1,489,919

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $20,222,727Liabilities 2010: $5,901,790Net Assets 2010: $14,320,9372010Assets 2011: $22,596,716Liabilities 2011: $7,111,043Net Assets 2011: $15,485,6732011Assets 2012: $24,302,286Liabilities 2012: $7,257,751Net Assets 2012: $17,044,5352012Assets 2013: $24,939,963Liabilities 2013: $6,603,825Net Assets 2013: $18,336,1382013Assets 2014: $27,666,085Liabilities 2014: $8,284,251Net Assets 2014: $19,381,8342014Assets 2015: $26,074,092Liabilities 2015: $6,560,715Net Assets 2015: $19,513,3772015Assets 2016: $26,197,549Liabilities 2016: $5,884,072Net Assets 2016: $20,313,4772016Assets 2017: $25,425,100Liabilities 2017: $4,098,126Net Assets 2017: $21,326,9742017Assets 2018: $26,898,087Liabilities 2018: $3,836,850Net Assets 2018: $23,061,2372018Assets 2019: $17,571,925Liabilities 2019: $185,923Net Assets 2019: $17,386,0022019Assets 2020: $1,392,779Liabilities 2020: $120,866Net Assets 2020: $1,271,9132020Assets 2021: $1,765,023Liabilities 2021: $79,307Net Assets 2021: $1,685,7162021Assets 2022: $2,381,370Liabilities 2022: $622,870Net Assets 2022: $1,758,5002022Assets 2023: $3,584,592Liabilities 2023: $2,013,695Net Assets 2023: $1,570,8972023Assets 2024: $2,931,974Liabilities 2024: $1,836,703Net Assets 2024: $1,095,2712024

Highlighted filing

2013

Assets$24,939,963
Liabilities$6,603,825
Net Assets$18,336,138

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $24,268,6852010Expenses 2011: $26,349,1122011Expenses 2012: $27,476,6902012Revenue 2013: $30,035,700Expenses 2013: $28,545,781Net Income 2013: $1,489,9192013Revenue 2014: $30,180,307Expenses 2014: $29,058,610Net Income 2014: $1,121,6972014Revenue 2015: $29,879,539Expenses 2015: $29,466,126Net Income 2015: $413,4132015Revenue 2016: $30,511,100Expenses 2016: $29,658,174Net Income 2016: $852,9262016Revenue 2017: $30,978,901Expenses 2017: $29,942,157Net Income 2017: $1,036,7442017Revenue 2018: $31,280,979Expenses 2018: $29,546,716Net Income 2018: $1,734,2632018Revenue 2019: $7,097,249Expenses 2019: $13,498,973Net Income 2019: -$6,401,7242019Revenue 2020: $1,996,022Expenses 2020: $18,352,345Net Income 2020: -$16,356,3232020Revenue 2021: $2,483,330Expenses 2021: $2,069,527Net Income 2021: $413,8032021Revenue 2022: $2,886,710Expenses 2022: $2,479,865Net Income 2022: $406,8452022Revenue 2023: $2,782,196Expenses 2023: $2,969,799Net Income 2023: -$187,6032023Revenue 2024: $2,746,581Expenses 2024: $3,222,207Net Income 2024: -$475,6262024

Highlighted filing

2013

Revenue$30,035,700
Expenses$28,545,781
Net Income$1,489,919
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 30, 2014
Return Version
2013v3.1
Gross Receipts
$30,035,700
Mission and Program Overview

Mission

The organization's goal is to offer the community the highest quality physical, occupational and speech therapy services possible guided by research, perfected with experience and delivered with compassion. We inspire our clients to reach their fullest potential through high quality, comprehensive and individualized service. Our services have been expanded from the fairfax community to the surrounding communities of western fairfax county and loudoun county with the opening in march 2021 of the chantilly outpatient center.

The foundation is the continuing care provider at the virginian in fairfax, va. The facility is a complete continuing care retirement community with independent living and assisted living apartments and a complete health care center with 100 health care beds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,819,128$8,504,501▼ $314,627
Investments in Publicly Traded Securities$8,808,556$8,258,937▼ $549,619
Cash and Non-Interest-Bearing Accounts$4,257,485$5,107,718▲ $850,233
Accounts Receivable$1,618,636$1,410,981▼ $207,655
Savings and Temporary Cash Investments$122,522$836,857▲ $714,335
Prepaid Expenses and Deferred Charges$325,114$389,505▲ $64,391
Total Assets$24,302,286$24,939,963▲ $637,677
Other Assets Total$350,845$431,464▲ $80,619
Liabilities
Accounts Payable and Accrued Expenses$1,926,494$2,370,536▲ $444,042
Other Liabilities$3,081,703$2,133,854▼ $947,849
Deferred Revenue$2,202,098$2,051,931▼ $150,167
Escrow Account Liability$47,456$47,504▲ $48
Total Liabilities$7,257,751$6,603,825▼ $653,926
Net Assets / Fund Balance
Unrestricted Net Assets$17,044,535$18,336,138▲ $1,291,603
Total Net Assets Fund Balance$17,044,535$18,336,138▲ $1,291,603
Total Liabilities and Net Assets / Fund Balance$24,302,286$24,939,963▲ $637,677

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,811,719$7,188,788$14,000,507
Equipment$1,535,182$2,568,187$4,103,369
Land$157,600--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark RidgelyTreasurerFT$201,300$21,254$222,554
Priscilla KneisleyDirector Hlth SvcFT$132,994$14,269$147,263
Christopher IsherwoodDirectorPT$130,332$11,227$141,559
Christie BillingsDirector of HomeFT$110,777$9,238$120,015
Cathy RenkiewiczDirector of RehabFT$116,323$3,224$119,547
Norwu Howard-wessonDirector of NursFT$103,813$13,278$117,091

Board Members and Trustees

NameTitle
James SchoenbergerPresident
Fred M HadenDirector
Larry SchulteDirector
Louise LynchDirector
Robert D Zurowski MdDirector
Barbara DrakeSecretary
Steven WooddellVice-pres.

Highest Paid Contractors

ContractorServicesLocationCompensation
Thompson AssociatesFacility Rental-$3,065,905
Sodexho INC & AffiliatesFood Services-$2,426,310
Omnicare INCPharmacy Prod.-$655,372
Thi Staffing INCTemp Nursing-$362,958
T&k Contracting LLCRemodeling-$216,526
Revenue and Support

Revenue Composition

Contributions and Grants
$855
Program Service Revenue
$29,727,811
Investment Income
$307,034
Other Revenue
$0
All Other Contributions
$855
Change in Net Assets
$1,489,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,035,700
Revenue Not Reported on Form 990
$-198,316
Total Revenue per Audited Statements
$29,837,384
Total Revenue per Form 990
$30,035,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,475,061
Other Expenses$12,070,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,866,313$1,668,288-$13,534,601
Occupancy$4,459,655--$4,459,655
Other Employee Benefits$1,254,104$211,363-$1,465,467
Depreciation Depletion$1,183,625--$1,183,625
Payroll Taxes$826,099$167,282-$993,381
All Other Expenses$553,898$239,571-$793,469
Insurance-$668,938-$668,938
Fees for Services Other$358,914$177,910-$536,824
Office Expenses$67,420$303,991-$371,411
Current Officers, Directors, Trustees, and Key Employees-$331,632-$331,632
Other Expenses$761,552$276,392-$276,392
Advertising-$219,660-$219,660
Pension Plan Contributions$127,483$22,497-$149,980
Information Technology-$102,639-$102,639
Fees for Services Accounting-$75,850-$75,850
Travel-$43,858-$43,858
Fees for Services Legal-$26,550-$26,550
Interest$646--$646
Total Functional Expenses$24,009,360$4,536,421$0$28,545,781

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$28,545,781
Total Expenses per Audited Statements$28,545,781
Total Expenses per Form 990$28,545,781
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
-LandlordRental of FacilityNo$3,065,905
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits-life Care Contracts$1,133,092
Resident Deposits Funding Investment$921,000
Deferred Compensation$79,762
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 family members
Yes
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The from 990 is reviewed in detail by the orgainzation's treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each director is annually required to sign a conflicts of interest statment and disclose any relationship with the temple foundation or another organization that does business with the temple foundation that could give rise to a conflict of interest. These statements are reviewed by the president of the board of directors and the foundation's attorney if deemed necessary. In the event that the president determines that a conflict exists, the director is not allowed to participate in any decision or attend any meeting where a discussion involving the relationship, entity or activity is discussed or decided.

Form 990, Page 6, Part VI, Line 15A

Annually, a published analysis of industry compensation information for the region is used as a guide to evaluate and set the salaries, wages and benefits for the executive director and all department heads. The executive director recommends compensation programs for each of the department heads to the board of directors. The temple foundation maintains a compensation committee within the board of directors who review the industry evaluation and the performance of the executive director and his recommendations for the individual department heads and independently approves the compensation plans for the executive director and the department heads.

Form 990, Page 6, Part VI, Line 15B

SEE INFORMATION IN 15A

Form 990, Page 6, Part VI, Line 19

Annually the organization is required to file a detailed disclosure statement with the commonwealth of virginia, bureau of insurance that contains detailed information on the organization and the facility including a description of the business form of the organization, description of the physical plant and real property, names, addresses and background information on members of the board of directors, copies of contracts used to admit residents, information on fees charged, a five year history of fee increases for service accomodations, audited financial statements for the most recent two year period and a forecasted income statement for the next operating year. This information is also maintained at the main office and the resident's library of the organization and is available for inspection by any current resident or prospective resident of the facility and their families.

Filing and Contact Details

Filer

EIN
54-6056731
Phone
7035918993

Signing Officer

Name
Mark Ridgely
Title
Treasurer
Phone
7035918993
Signed
2014-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Ridgely
Formed
1965
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
7
Employees
447
Volunteers
60

Preparer

Preparer
Louis B Ruebelmann CPA
Phone
3016560001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation is the continuing care provider at the virginian in fairfax, va. The facility is a complete continuing care retirement community with independent living and assisted living apartments and a complete health care center with 100 health care beds.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The foundation acts as a custodian to a resident sponsored fellowship fund. The residents make contributions to an account which is used for fellow residents in times of need. An independent board of residents determines when disbursements are to be made. The cash balance is included in part x, line 1. The escrow liability is included in part x, line 21.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.93$1.84$1.10$2.75$3.22$0.48
2023Detailed filing. Detailed filing data is available for this year.$3.58$2.01$1.57$2.78$2.97$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.38$0.62$1.76$2.89$2.48$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.08$1.69$2.48$2.07$0.41
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.12$1.27$2.00$18.4$16.4
2019Detailed filing. Detailed filing data is available for this year.$17.6$0.19$17.4$7.10$13.5$6.40
2018Detailed filing. Detailed filing data is available for this year.$26.9$3.84$23.1$31.3$29.5$1.73
2017Detailed filing. Detailed filing data is available for this year.$25.4$4.10$21.3$31.0$29.9$1.04
2016Detailed filing. Detailed filing data is available for this year.$26.2$5.88$20.3$30.5$29.7$0.85
2015Detailed filing. Detailed filing data is available for this year.$26.1$6.56$19.5$29.9$29.5$0.41
2014Detailed filing. Detailed filing data is available for this year.$27.7$8.28$19.4$30.2$29.1$1.12
2013Detailed filing. Detailed filing data is available for this year.$24.9$6.60$18.3$30.0$28.5$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$7.26$17.0$27.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$7.11$15.5$26.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$5.90$14.3$24.3