The Army Retirement Residence Foundation
Nonprofit profile at a glance
- EIN
- 742244155
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- San Antonio, TX, US
- Phone
- (210) 646-5300
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $37,196,726
- Expenses
- $35,583,582
- Assets
- $7,612,048
- Liabilities
- $3,716,639
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- STEVE FULLER (CEO)
Highest reported compensation
- STEVE FULLER (CEO): $267,412 total reported compensation
- GORDON SHOGER (CFO): $215,644 total reported compensation
- CORDELIA TOSTENSON (SR DIRECTOR OF BUSINESS DEVELOPMENT): $182,797 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a vibrant, supportive community for retired Army officers and their families, offering exceptional residential living, healthcare, and services in a setting that honors their service.
What it reported doing in 2024
The army residence community's primary focus is providing superior senior living to all honorably retired or discharged veterans, as well as honorably retired or seperated civilian federal employees, to included spouses and surviving spouses. The community provides all essential services to include shelter, food, exercise, security, housekeeping, counseling, transportation, and other essential living services. The facilities include apartments or cottages on site. Fees received for these services pay for community expenses solely, and any profit is used to provide for future discounted healthcare services as provided for in the life-care contract. The community also provides superior dinning services through several venues that include casual, bistro style, sports bar and retail center services. The independent living residents receive an alloted amount per month to spend on dinning services at any of the venues. Health care and assisted living residents receive three meals per day, expenses to provide these services are in excess of room rates and maintenance fees charged, so the excess is paid by the community.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: 4.3%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 28th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 93.8% of revenue deployed · 98% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $34.9M in reported program spending
- Leadership: top reported pay $267K · 19 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.2M reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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: Total-asset coverage ratio scored 5/100.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.