Overview
What is Army Retirement Residence Supporting Fou?
Army Retirement Residence Supporting Fou, based in San Antonio, Texas, serves as an investment oversight body for funds generated through the sale of life care contracts. These funds are utilized to address the capital needs and debt service requirements of a continuing care retirement community. The foundation also manages facilities used by residents in support of their life contracts, which includes preparing capital budgets and issuing debt for larger projects. In summary, Army Retirement Residence Supporting Fou manages and invests funds for the exclusive benefit of the Army Retirement Residence in San Antonio, ensuring the community's financial stability and maintaining its facilities.
Official website here: www.armyresidence.com
What do the Facebook reviews say about Army Retirement Residence Supporting Fou?
96% of reviewers on Facebook recommend Army Retirement Residence Supporting Fund. Here is a summary of their reviews:
Many users express a positive sentiment towards the environment at the organization. Comments highlight satisfaction with their roles and the interactions within the community, particularly noting the supportive atmosphere among colleagues.
Overall, feedback indicates that the nonprofit effectively creates a fulfilling experience for its staff, fostering a sense of happiness and camaraderie. This suggests that the organization successfully meets the expectations of those involved.
This AI summary has been generated from reviews found on Facebook.
Is Army Retirement Residence Supporting Fou legitimate?
Army Retirement Residence Supporting Fou is a legitimate nonprofit organization registered as a 501(c)(3) entity. Army Retirement Residence Supporting Fou submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.armyresidence.com
What is the mission statement of Army Retirement Residence Supporting Fou?
The Army Retirement Residence Supporting Foundation's mission is to provide support for the exclusive benefit of the Army Retirement Residence Foundation San Antonio. This support primarily involves managing capital funds, which are primarily investments and cash inflows, and preparing capital budgets based on these inflows. The foundation also oversees the investment of funds generated from unit sales of life care contracts, using these funds to meet the capital needs and debt service requirements of the continuing care retirement community as a whole. Furthermore, the foundation manages the facilities used by residents in support of the life care contracts, including the preparation of capital budgets and providing capital in the form of debt issuance for larger projects. In summary, the Army Retirement Residence Supporting Foundation's role is to manage and allocate resources to support the financial needs and facilities of the Army Retirement Residence Foundation.
Official website here: www.armyresidence.com
Who is the CEO of Army Retirement Residence Supporting Fou?
Steve Fuller is the Ceo of Army Retirement Residence Supporting Fou. The CEO's salary of Army Retirement Residence Supporting Fou is $0 and their total compensation is $254,585.
Official website here: www.armyresidence.com
What is the revenue of Army Retirement Residence Supporting Fou?
Army Retirement Residence Supporting Fou's revenue in 2022 was $9,446,052.
Official website here: www.armyresidence.com
Who are the executives of Army Retirement Residence Supporting Fou and what are their salaries?
Here are 18 key members and their salaries (Army Retirement Residence Supporting Fou's CEO's salary is $0 and their total compensation is $254,585):
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Official website here: www.armyresidence.com
Where can I find the form 990 for Army Retirement Residence Supporting Fou?
Army Retirement Residence Supporting Fou's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.armyresidence.com
Learn more at the official website: www.armyresidence.com
Mission Statement of Army Retirement Residence Supporting Fou
The Army Retirement Residence Supporting Foundation plays a crucial role in providing support for the Army Retirement Residence Foundation San Antonio. Its primary mission involves managing capital resources, including investments, debt, and facilities. The foundation prepares capital budgets based on cash inflows into the organization, ensuring the sustainable growth and maintenance of the Continuing Care Retirement Community as a whole. Additionally, the foundation manages the facilities used by residents, supporting the life contracts they have entered into. This includes the preparation of capital budgets and the provision of capital in the form of debt issuance for larger projects. In essence, the Army Retirement Residence Supporting Foundation serves as a financial steward, ensuring the long-term success and well-being of the Army Retirement Residence Foundation San Antonio and its residents.
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Impact
October, 2024
The Army Retirement Residence Supporting Foundation significantly enhances the quality of life for residents of the Army Retirement Residence in San Antonio by managing and allocating capital resources effectively. Through diligent oversight of funds generated from life care contracts, the foundation ensures that necessary capital items, including cash reserves, investments, and facilities, are continually maintained and improved.
By preparing thorough capital budgets and providing financing for large-scale projects, the foundation addresses the ever-evolving needs of a continuing care retirement community. This proactive approach not only supports the immediate operational requirements but also secures the long-term financial stability of the facilities, directly benefiting the aging military community it serves.
The foundation's activities reflect a commitment to maintaining high standards for the living environments of residents, ensuring they have access to the resources and facilities essential for comfort and care. Ultimately, the Army Retirement Residence Supporting Foundation plays a crucial role in enriching the lives of its residents by fostering a thriving community where veterans can enjoy their retirement years with dignity and security.
This information is meant to be a general summary of Army Retirement Residence Supporting Fou. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $184,282
- Program Service Revenue: $7,473,879
- Gross Receipts: $13,277,540
Assets and Liabilities:
- Total Assets: $126,197,570
- Total Liabilities: $139,641,878
- Net Assets: -$13,444,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARNED ENTERANCE FEES
Revenue
$6,132,842
RESIDENCE CENTER FEES
Revenue
$1,341,037
Organization Details
Founding Year
2004
Phone
(210) 646-5307Principal Officer
Steve Fuller
Main Address
10000 RHINELAND, SAN ANTONIO, TX, 78239
Website
www.armyresidence.comNTEE Category
Code: L19 - Housing
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