Senior Living Choices Inc
Nonprofit profile at a glance
- EIN
- 232154882
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Midlothian, VA, USA
- Phone
- 8047441173
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $31,919,620
- Expenses
- $28,056,875
- Assets
- $103,097,615
- Liabilities
- $62,620,328
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- N LES SAUNDERS (PRESIDENT)
- FRASIER BRICKHOUSE (VICE PRESIDENT)
Highest reported compensation
- WAYNE L EDMUNDS (TREASURER): $24,000 total reported compensation
- BRADFORD S HAMMER (SECRETARY): $24,000 total reported compensation
- N LES SAUNDERS (PRESIDENT): $24,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Senior living choices of Virginia, inc. Is a non-profit, non-stock corporation, existing under the laws of the commonwealth of Virginia. The corporation is a continuing care retirement community as defined by the code of Virginia, as amended, in sec. 38.2-4900, et seq. The corporation was organized under section 501(c)(3) of the internal revenue code. The corporation owns and operates a residential and health care center known as brandermill woods for the aged. The community consists of 275 cottages and club homes for independent senior living, 59 assisted living units for the elderly, and a nursing facility with 60 skilled and intermediate-care nursing beds, together with a clubhouse containing common areas, administrative offices, a restaurant, lounge, beauty salon/barber, exercise room, recreational facilities, and other amenities.
What it reported doing in 2024
Senior living choices of Virginia, inc. Is a non-profit, non-stock corporation and is existing under the laws of the commonwealth of Virginia. The corporation was organized under section 501(c)(3) of the internal revenue code. The corporation owns and operates a residential and health care center known as brandermill woods for the ages. The community consists of 275 "cluster homes and club homes for independent senior living, 59 assisted living units for the elderly, and a nursing facility with 60 skilled and intermediate-care nursing beds, together with a clubhouse containing common areas, administrative offices, a restaurant, lounge, beauty salon/barber, exercise room, recreational facilities, and other amenities.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 42
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.5%; rating input score 83
- Program expense ratio: 95.8%; rating input score 96
- 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: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.1%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.67; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 82.5% of revenue deployed · 95.8% of spending went to programs
- Governance: 0 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $26.9M in reported program spending
- Leadership: top reported pay $24K · 5 people listed
- Highest-paid contractors: 5 contractors listed · $4.3M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.