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Nonprofiteer
← NAVY MARINE COAST GUARD RESIDENCE FOUNDATION

Form 990 for tax year 2023

Filed by NAVY MARINE COAST GUARD RESIDENCE FOUNDATION.

Totals

Total revenue
$36,242,523
Total expenses
$41,503,792
Contributions and grants received
$428,025
Grants paid
$0
Program service revenue
$32,392,284
Investment income
$2,174,827
Other revenue
$1,247,387
Total assets, end of year
$163,333,250
Total liabilities, end of year
$162,064,279
Net assets or fund balances, end of year
$1,268,971
Program services expenses (Part IX)
$33,312,565
Management and general expenses
$7,949,493
Fundraising expenses
$241,734
Program service expenses (Part III)
$33,312,565

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $428,025

  • 2a · Program service revenue: Independent Living

    total $14,653,587 · related or exempt $14,653,587

  • 2b · Program service revenue: Healthcare Services

    total $7,854,858 · related or exempt $7,854,858

  • 2c · Program service revenue: Assisted Living

    total $7,678,639 · related or exempt $7,678,639

  • 2d · Program service revenue: Home Care Services

    total $2,205,200 · related or exempt $2,205,200

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,090,311 · excluded $1,090,311

  • 6a · Gross rents

    real property $78,054

  • 6c · Rental income or loss

    real property $78,054 · personal property $0

  • 6d · Net rental income or loss

    total $78,054 · excluded $78,054

  • 7a · Gross sales of assets other than inventory

    securities $52,388,117

  • 7b · Less cost or other basis and sales expenses

    securities $51,303,601

  • 7c · Gain or loss

    securities $1,084,516 · other assets $0

  • 7d · Net gain or loss

    total $1,084,516 · excluded $1,084,516

  • 11a · Other revenue: Ancillary Services

    total $269,639 · related or exempt $269,639

  • 11b · Other revenue: Food and Beverage Sale

    total $733,155 · related or exempt $733,155

  • 11c · Other revenue: Miscellaneous Income

    total $166,539 · related or exempt $166,539

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,169,333

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $874,950 · program services $723,299 · management and general $151,651 · fundraising $0

  • 7 · Other salaries and wages

    total $15,118,101 · program services $13,124,973 · management and general $1,848,034 · fundraising $145,094

  • 8 · Pension plan contributions

    total $22,987 · program services $21,386 · management and general $1,376 · fundraising $225

  • 9 · Other employee benefits

    total $1,648,664 · program services $1,533,868 · management and general $98,670 · fundraising $16,126

  • 10 · Payroll taxes

    total $1,163,973 · program services $1,093,464 · management and general $69,662 · fundraising $847

  • 11b · Fees: legal

    total $7,796 · management and general $7,796

  • 11g · Fees: other

    total $4,479,559 · program services $3,213,338 · management and general $1,260,676 · fundraising $5,545

  • 12 · Advertising and promotion

    total $157,490 · program services $500 · management and general $156,872 · fundraising $118

  • 13 · Office expenses

    total $839,008 · program services $424,199 · management and general $408,270 · fundraising $6,539

  • 16 · Occupancy

    total $1,900,372 · program services $1,900,372

  • 17 · Travel

    total $25,717 · program services $16,277 · management and general $9,440

  • 19 · Conferences, conventions and meetings

    total $107,697 · program services $63,666 · management and general $39,534 · fundraising $4,497

  • 20 · Interest

    total $3,562,754 · management and general $3,562,754

  • 22 · Depreciation, depletion and amortization

    total $6,310,339 · program services $6,202,296 · management and general $108,043

  • 23 · Insurance

    total $453,589 · program services $453,589

  • 24a · Other expenses: Healthcare and Medical Expense

    total $1,174,115 · program services $1,174,115

  • 24b · Other expenses: Dining Services

    total $1,006,091 · program services $1,006,091

  • 24c · Other expenses: Supplies

    total $995,580 · program services $753,069 · management and general $226,715 · fundraising $15,796

  • 24d · Other expenses: Bad Debt

    total $799,371 · program services $799,371

  • 24e · All other expenses

    total $855,639 · program services $808,692 · management and general $0 · fundraising $46,947

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $779,755 · end of year $2,307,051

  • 4 · Accounts receivable

    beginning of year $1,328,034 · end of year $1,365,198

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $32,928 · end of year $511,899

  • 8 · Inventories for sale or use

    beginning of year $105,368 · end of year $126,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $291,852 · end of year $413,260

  • 10a · Land, buildings and equipment: cost or other basis

    $146,105,755

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,151,768

  • 10c · Land, buildings and equipment, net

    beginning of year $99,081,202 · end of year $97,953,987

  • 11 · Investments: publicly traded securities

    beginning of year $15,414,917 · end of year $17,474,018

  • 12 · Investments: other securities

    beginning of year $36,717,642 · end of year $37,313,852

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,727,506 · end of year $5,867,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,294,219 · end of year $3,143,166

  • 19 · Deferred revenue

    beginning of year $9,262,138 · end of year $8,857,864

  • 20 · Tax-exempt bond liabilities

    beginning of year $69,064,634 · end of year $66,732,570

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $75,840,205 · end of year $83,330,679

  • 27 · Net assets without donor restrictions

    beginning of year -$2,287,911 · end of year -$3,222,097

  • 28 · Net assets with donor restrictions

    beginning of year $4,305,919 · end of year $4,491,068

Mission and programs · 2023

Mission

NMCGRF SUPPORTS THE RESIDENTS OF VINSON HALL RETIREMENT COMMUNITY, A LIFE PLAN COMMUNITY, THROUGH FUNDING AND INNOVATION.

Activities or mission (Part I)

NMCGRF SUPPORTS THE RESIDENTS OF VINSON HALL RETIREMENT COMMUNITY.

  • Vinson Hall LLC, a single member LLC held by NMCGRF is a life plan community. It provides independent living, assisted living, short term rehabilitation, and long term care services to seniors and handicapped individuals. Vinson Hall is dedicated to be a leader in creating and delivering innovative solutions so individuals can live life "their way". As of December 31, 2023 Vinson Hall has 235 independent living units providing services to individuals who have served as a uniformed officer or career government officer and their immediate family. In addition Arleigh Burke Pavilion has 46 licensed nursing beds and 21 assisted living units. The Sylvestery has 36 memory support suites. These two facilities are open to the general public, not requiring military or government affiliation.

    Expenses $33,312,565 · Revenue $33,561,617

As filed on the 2023 return.

Listed in Part VII

  • CAPT W Scott Slocum USN (Ret)

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • RADM Sandy Daniels USN (Ret)

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • RDML Cindy Dullea NC USN (Ret)

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • VADM W Mark Skinner USN (Ret)

    Chair

    Total calculated
    $0
    Hours/week
    2

  • CAPT Bud Dougherty USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • CAPT John E Arnold USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • CAPT Sushil K Jain MC USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • CAPT Weston D Burnett JAGC USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Col John C Roots USMC (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Daniel DuVal

    Board Member

    Total calculated
    $0

  • RADM Allie Coetzee Leslie USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • RADM David P Keller SC USN

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • RADM Frederic G Sanford MC USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • RADM Pat Dawson USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • RDML Annie B Andrews USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • RDML Michael J Browne USN (Ret)

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard (Rip) Sullivan Esq

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Charles Warner

    CEO/Executive Director

    Total calculated
    $349,167
    From this org
    $344,566
    From related orgs
    $0
    Other
    $4,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,340
    Bonus
    $49,226
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,601
    Filer's total
    $349,167

  • Fred Bova

    CFO/Asst Treasurer

    Total calculated
    $335,433
    From this org
    $326,203
    From related orgs
    $0
    Other
    $9,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,703
    Bonus
    $93,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,230
    Filer's total
    $335,433

  • Rob Roe

    VP Of Operations

    Total calculated
    $190,350
    From this org
    $183,566
    From related orgs
    $0
    Other
    $6,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,466
    Bonus
    $7,100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,784
    Filer's total
    $190,350

  • Analisse Vasquez Soto

    Senior Director of Extended Care & Resident Services

    Total calculated
    $150,687
    From this org
    $139,140
    From related orgs
    $0
    Other
    $11,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,640
    Bonus
    $6,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,547
    Filer's total
    $150,687

  • Michelle Vaughen

    Senior Director of Philanthropy and Engagement

    Total calculated
    $154,147
    From this org
    $149,605
    From related orgs
    $0
    Other
    $4,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,105
    Bonus
    $12,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,542
    Filer's total
    $154,147

  • Stephanie Lawrence

    Senior Director of Marketing

    Total calculated
    $174,515
    From this org
    $170,855
    From related orgs
    $0
    Other
    $3,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,355
    Bonus
    $13,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,660
    Filer's total
    $174,515

  • Theresa Morgan

    Senior Director of Clinical Operations

    Total calculated
    $165,458
    From this org
    $157,720
    From related orgs
    $0
    Other
    $7,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,720
    Bonus
    $12,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,738
    Filer's total
    $165,458

  • Winoka Clements

    Senior Director of Human Resources

    Total calculated
    $170,120
    From this org
    $164,890
    From related orgs
    $0
    Other
    $5,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,390
    Bonus
    $13,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,230
    Filer's total
    $170,120

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Vinson Hall LLC

    RETIREMENT CO · VA · income $29,218,415 · assets $97,007,763

    Directly controlled by NMCGRF

  • Vinson Hall at Home LLC

    Retirement Co · VA · income $2,205,200 · assets $500,280

    Directly controlled by NMCGRF

Provenance

Return type
form_990
Tax year
2023
Filed
29 July 2024
IRS schema version
2023v5.1
Source object
202442119349300794

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