Redstone Village

Legal name: Redstone Village FKA REDSTONE MILITARY RETIREMENT

Nonprofit profile at a glance

EIN
631169107
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Huntsville, AL, US
Phone
(800) 724-5535
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$24,638,234
Expenses
$27,427,515
Assets
$73,551,980
Liabilities
$151,504,977

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • COL RET ARTHUR MEIER II (PRESIDENT/TREASURER)
  • COL RET TOM HOUSER (1ST VICE PRESIDENT)
  • SCOTT SHIFRIN (2ND VICE PRESIDENT)
  • ANGIE SMITH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AMY REYNOLDS (DIRECTOR OF NURSING): $138,223 total reported compensation
  • CATINA JOYCETTE RASBERRY- JOHNSO (LICENSED PRACTICAL NURSE): $132,769 total reported compensation
  • VICKI NESMITH (SKILLED NURSING ADMINISTRATOR): $125,290 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operation of a continuing care retirement community offering independent living, assisted living, memory care, skilled nursing, and short-term rehabilitation for older adults. Whether looking for independent living, assisted living, memory support, skilled nursing or rehabilitation, our community offers an active, fulfilling lifestyle for today while providing reassurance and support for tomorrow. Get connected through our community newsletter. We welcome you to discover what’s happening at Redstone Village by subscribing to our monthly newsletter. Within it, you’ll find engaging events, stimulating activities and socialization opportunities — there’s always something going on and plenty to look forward to.

What it reported doing in 2024

The organization provides housing, healthcare and related services to senior adults through the operation of a continuing care retirement community in huntsville, Alabama. The community consists of 127 independent living apartment units, 21 independent living patio homes, 60 combined assisted living and catered living apartment units, a 48-bed memory support assisted living center, and a 56 bed skilled nursing center. Redstone village provides various services to its residents, such as, food preparation and service, activities, housekeeping, maintenance and transportation services to contribute to the residents' health, security, happiness and physical well-being, which is the organization's exempt purpose.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 34
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.3%; rating input score 96
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.3%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 2.68; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 2.06; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 96.3% of revenue deployed · 86.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $23.8M in reported program spending
  • Leadership: top reported pay $138K · 21 people listed
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.