Civic Intelligence

El Castillo Retirement Residences

EIN 85-0211735 • 501(c)3 • Santa Fe, NM

Profile

To build, own, operate, and maintain residential, nursing, and protective-care facilities and services for the elderly.

250 East AlamedaSanta Fe, NM 87501-2186

www.elcastilloretirement.com

Siviq Scores

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

Liabilities / Assets

87th percentile

0.91x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

4.85x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

27th percentile

-1.5%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$322,137

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

15th percentile

-3.0%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

32nd percentile

2.2%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Down

$118,759,449

Down $3,698,870 (-3.0%) from 2024

Liabilities

Down

$107,725,598

Down $3,581,200 (-3.2%) from 2024

Net Assets

Down

$11,033,851

Down $117,670 (-1.1%) from 2024

Revenue

Up

$22,222,063

Up $481,522 (+2.2%) from 2024

Expenses

Up

$22,547,492

Up $52,941 (+0.2%) from 2024

Net Income

Up

-$325,429

Up $428,581 (+57%) from 2024

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $24,237,988Liabilities 2010: $22,307,554Net Assets 2010: $1,930,4342010Assets 2011: $25,084,924Liabilities 2011: $22,537,073Net Assets 2011: $2,547,8512011Assets 2012: $25,810,742Liabilities 2012: $23,119,027Net Assets 2012: $2,691,7152012Assets 2013: $42,125,176Liabilities 2013: $38,518,161Net Assets 2013: $3,607,0152013Assets 2014: $42,475,699Liabilities 2014: $37,164,381Net Assets 2014: $5,311,3182014Assets 2015: $43,913,333Liabilities 2015: $37,245,743Net Assets 2015: $6,667,5902015Assets 2016: $45,013,952Liabilities 2016: $37,610,907Net Assets 2016: $7,403,0452016Assets 2017: $45,613,304Liabilities 2017: $37,815,761Net Assets 2017: $7,797,5432017Assets 2018: $46,714,431Liabilities 2018: $37,888,916Net Assets 2018: $8,825,5152018Assets 2019: $52,078,259Liabilities 2019: $40,373,410Net Assets 2019: $11,704,8492019Assets 2020: $124,122,547Liabilities 2020: $111,609,747Net Assets 2020: $12,512,8002020Assets 2021: $124,048,378Liabilities 2021: $108,613,500Net Assets 2021: $15,434,8782021Assets 2022: $122,205,602Liabilities 2022: $109,640,809Net Assets 2022: $12,564,7932022Assets 2023: $122,768,941Liabilities 2023: $111,463,843Net Assets 2023: $11,305,0982023Assets 2024: $122,458,319Liabilities 2024: $111,306,798Net Assets 2024: $11,151,5212024Assets 2025: $118,759,449Liabilities 2025: $107,725,598Net Assets 2025: $11,033,8512025

Highlighted filing

2025

Assets$118,759,449
Liabilities$107,725,598
Net Assets$11,033,851

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $7,084,0032010Expenses 2011: $7,276,3752011Expenses 2012: $7,452,7982012Expenses 2013: $7,548,7112013Revenue 2014: $8,540,649Expenses 2014: $7,218,326Net Income 2014: $1,322,3232014Revenue 2015: $9,723,714Expenses 2015: $8,287,066Net Income 2015: $1,436,6482015Revenue 2016: $9,682,194Expenses 2016: $8,793,220Net Income 2016: $888,9742016Revenue 2017: $9,651,996Expenses 2017: $9,724,850Net Income 2017: -$72,8542017Revenue 2018: $10,422,239Expenses 2018: $9,551,524Net Income 2018: $870,7152018Revenue 2019: $12,808,133Expenses 2019: $10,169,142Net Income 2019: $2,638,9912019Revenue 2020: $11,194,979Expenses 2020: $10,448,261Net Income 2020: $746,7182020Revenue 2021: $12,101,669Expenses 2021: $10,766,150Net Income 2021: $1,335,5192021Revenue 2022: $11,771,221Expenses 2022: $12,927,461Net Income 2022: -$1,156,2402022Revenue 2023: $18,997,755Expenses 2023: $21,194,828Net Income 2023: -$2,197,0732023Revenue 2024: $21,740,541Expenses 2024: $22,494,551Net Income 2024: -$754,0102024Revenue 2025: $22,222,063Expenses 2025: $22,547,492Net Income 2025: -$325,4292025

Highlighted filing

2025

Revenue$22,222,063
Expenses$22,547,492
Net Income-$325,429

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$119$108$11.0$22.2$22.5$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$111$11.2$21.7$22.5$0.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$111$11.3$19.0$21.2$2.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$110$12.6$11.8$12.9$1.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$109$15.4$12.1$10.8$1.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$112$12.5$11.2$10.4$0.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$40.4$11.7$12.8$10.2$2.64
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$37.9$8.83$10.4$9.55$0.87
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.6$37.8$7.80$9.65$9.72$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.0$37.6$7.40$9.68$8.79$0.89
2015Detailed filing. Detailed filing data is available for this year.$43.9$37.2$6.67$9.72$8.29$1.44
2014Detailed filing. Detailed filing data is available for this year.$42.5$37.2$5.31$8.54$7.22$1.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$38.5$3.61$7.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$23.1$2.69$7.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$22.5$2.55$7.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$22.3$1.93$7.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.5
Gross Receipts
$21,251,785
Mission and Program Overview

Mission

To build, own, operate, and maintain residential, nursing, and protective-care facilities and services for the elderly.

To enrich the lives of older adults through community living

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$94,783,582$92,053,885▼ $2,729,697
Investments in Publicly Traded Securities$15,545,901$12,012,265▼ $3,533,636
Savings and Temporary Cash Investments$10,012,523$7,642,051▼ $2,370,472
Cash and Non-Interest-Bearing Accounts$1,551,244$6,647,718▲ $5,096,474
Prepaid Expenses and Deferred Charges$401,254$326,220▼ $75,034
Accounts Receivable$152,289$65,784▼ $86,505
Total Assets$122,458,319$118,759,449▼ $3,698,870
Other Assets Total$11,526$11,526→ $0
Liabilities
Tax Exempt Bond Liabilities$62,991,726$61,593,445▼ $1,398,281
Deferred Revenue$44,494,252$42,967,815▼ $1,526,437
Accounts Payable and Accrued Expenses$3,186,280$2,494,298▼ $691,982
Other Liabilities$634,540$670,040▲ $35,500
Total Liabilities$111,306,798$107,725,598▼ $3,581,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,974,720$10,855,050▼ $119,670
Net Assets With Donor Restrictions$176,801$178,801▲ $2,000
Total Net Assets Fund Balance$11,151,521$11,033,851▼ $117,670
Total Liabilities and Net Assets / Fund Balance$122,458,319$118,759,449▼ $3,698,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$81,793,926$34,469,575$116,263,501
Equipment$4,703,976$1,982,349$6,686,325
Land$5,555,983-$5,555,983

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$55,680---$55,680
2023$55,680---$55,680
2022$55,680---$55,680
2021$55,680---$55,680
2020$55,680---$55,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carole PeetCEOFT$256,178$65,959$322,137
Mariya FloresCFOFT$149,769$30,000$179,769
KATHLEEN O'NEILRegistered NurseFT$132,434-$132,434
Roberta Rael-solisRegistered NurseFT$123,449-$123,449
Chicqueeta WhitakerRegistered NurseFT$107,509$10,404$117,913
Ursula KirkpatrickDirector of NursingFT$111,022-$111,022

Board Members and Trustees

NameTitle
William GarciaPresident
Janie ThelinVice President
Amy WilsonBoard Member
David RodriguezBoard Member
John FoxBoard Member
Simon BrackleyBoard Member
Max MyersSecretary
Cheryl Pick SommerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morrison LivingDining ServicesPO BOX 102289, Atlanta, GA 30368$1,918,406
Js Landscape And Construction LLCConstruction Services3020 BONITAS LOOP, Santa Fe, NM 87507$713,561
Traver's Mechanical ServicesHvac And Plumbing Services6609 EDITH BLVD NE, Albuquerque, NM 87113$513,042
3d Security Services GroupSecurity ServicesPO BOX 68022, Albuquerque, NM 87193$402,941
Mjm Ccw Security LLCSecurity Services2848 PLAZA ROJO, Santa Fe, NM 87507$174,744
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$19,708,807
Investment Income
$1,948,350
Other Revenue
$562,906
All Other Contributions
$2,000
Change in Net Assets
$-325,429

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,194,316
Revenue Not Reported on Financial Statements
$27,747
Revenue Not Reported on Form 990
$207,759
Other Revenue Adjustments
$-40,377
Total Revenue per Audited Statements
$22,402,075
Total Revenue per Form 990
$22,222,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,156,412
Salaries, Compensation, and Employee Benefits$9,391,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,735,366$735,975-$7,471,341
Depreciation Depletion$2,815,010$1,333,787-$4,148,797
Interest$1,930,141$924,428-$2,854,569
Occupancy$14,969$1,403,218-$1,418,187
Fees for Services Other$150,109$621,076-$771,185
Payroll Taxes$534,201$124,498-$658,699
Fees for Services Management$629,138--$629,138
Insurance-$591,272-$591,272
Other Employee Benefits$439,324$122,281-$561,605
Current Officers, Directors, Trustees, and Key Employees-$556,696-$556,696
Information Technology$79,724$100,487-$180,211
Pension Plan Contributions$84,523$58,216-$142,739
Travel$106,877$13,392-$120,269
Fees for Services Accounting-$114,013-$114,013
Fees for Service Investment Mgmnt Fees-$111,335-$111,335
Office Expenses$38,312$72,581-$110,893
Fees for Services Legal-$85,817-$85,817
Other Expenses$11,896$70,646-$82,542
Advertising$46,457$17,909-$64,366
All Other Expenses$46,784$1,538-$48,322
Total Functional Expenses$15,166,357$7,381,135$0$22,547,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,547,492
Expenses per Audited Statements$22,519,745
Total Expenses per Audited Statements$22,519,745
Expenses Not Reported on Financial Statements$27,747
Expenses Not Reported on Form 990$0
Other Expense Adjustments$-40,377
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
Waiting List Deposits$670,040

Bond Issues

BondIssuerIssuedIssue PricePurpose
BSanta Fe New Mexico (city Of)2019-11-07$69,354,393Aquire, construct and equip the series 19 project
ASanta Fe New Mexico (city Of)2012-12-26$25,675,644LAND AND BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$69,354,393$468,457$615,000$1,387,087
A$25,675,644$10,776,842$6,485,000$513,512

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The board of directors, by resolution adopted by a majority of the full board of directors, may designate from among its members an executive committee and one (1) or more other committees each of which, to the extent provided in the resolution, shall have and may exercise all the authority of the board of directors, but no such committee shall have the authority of the board of directors in reference to amending the articles oflncorporation, adopting a plan of merger or consolidation, authorizing the sale, lease, exchange or other disposition of all or substantially all of the property and assets of its business, authorizing the voluntary dissolution of the corporation or a revocation thereof, or amending or restating the bylaws of the corporation. The designation of any such committee and the delegation thereto of authority shall not operate to relieve the board of directors, or any member thereof, of any responsibility imposed by law. Each committee shall have a minimum of two directors appointed by the president. Except for the executive committee, committees may include non-board members as ex officio committee members. The ceo shall be an ex-officio member of all committees.

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

The draft 990 is presented to the board of directors for discussion and review after the ceo and director of administration & operations to director of finance have completed their review.

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

Discussions are held at regularly scheduled meetings of the board of directors.

Form 990, Part VI, Section B, Line 15

The ceo's compensation was established using a salary survey of nonprofit ceo's. The survey was done by a local independent public accounting firm.

Form 990, Part VI, Section C, Line 19

Copies of all forms, reports, and policies are kept in the administrative offices. All requests are fulfilled immediately; the organization does not charge for postage or printing.

Filing and Contact Details

Filer

Filer Name
El Castillo Retirement Residences
EIN
85-0211735
Phone
5059882877
Address
250 EAST ALAMEDA, SANTA FE, NM 87501-2186
Doing Business As
El Castillo Residences

Signing Officer

Name
Carole Peet
Title
CEO
Phone
5059882877
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carole Peet
Formed
1969
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
225
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
475 REGENCY PARK SUITE 175, OFALLON, IL 62269
Preparer
Erika Martinez
Phone
6182331200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

To assist with operating expenses

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rent expenses netted against rental revenue -40,377.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rent expenses netted against rental revenue -40,377.

Raw XML AppendixShowing 400 of 765 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.

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IRS990/Desc0EL CASTILLO IS A RETIREMENT COMMUNITY THAT PROVIDES FOUR LEVELS OF CONTINUING AND LONG-TERM CARE: INDEPENDENT LIVING, ASSISTED LIVING, NURSING, AND MEMORY CARE. APPROXIMATELY 265 ELDERLY PERSONS RECEIVED HOUSING, MEALS, AND MEDICAL CARE DURING THE FISCAL YEAR.
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