Program areas at Deerfield Episcopal Retirement Community
Deerfield Episcopal Retirement Community, Inc. ("Deerfield"), a north carolina nonprofit corporation, was organized for the purpose of operating a continuing care Retirement Community. Deerfield is governed by a board of directors, which is composed of independent civic leaders who serve without compensation.rev. Rul. 72-124, 1972-1 c.b. 145, sets out requirements that "homes for the aged" must meet to qualify for section 501(c)(3) exemption. The internal revenue service provided the following requirements: (1) satisfaction of the need for housing through the provision of emotional, recreational, social, religious, and similar needs of aged persons; (2) satisfaction of the need for health care through provision of physical and mental health services directly or through continuing arrangements with outside organizations; and (3) satisfaction of the need for financial security through maintaining in residence any persons who become unable to pay their regular charge and through providing services at the lowest feasible cost. Deerfield satisfies all three requirements.in conjunction with its commitment to maintaining persons in residence who become unable to pay, Deerfield has established a benevolent assistance fund, which is used for the exclusive purpose of providing assistance to residents in need. Such residents are identified based on financial information obtained from the resident and subsequent review and analysis. During the year ended september 30, 2022, the charges forgone related to Deerfield's benevolent assistance program were approximately $394,000.except for some pre-existing fee-for-service contracts, Deerfield operates under the "life care" concept whereby residents enter into an agreement with the organization that specifies the services and facilities to be provided to the resident over his or her remaining life. The agreement requires payment of a one-time entrance fee and Deerfield's monthly service fees. Under the agreement, Deerfield has the ability to increase fees as deemed necessary.in furtherance of its charitable purpose, Deerfield provides meeting and office space for three non-profit organizations on its grounds. The annual rental income foregone is valued at an estimated $303,000 during the year ended september 30, 2022.deerfield also provides numerous Community benefits which include charitable donations and donated volunteer services in the amounts of $1,224,000 during the year ended september 30, 2022.
Grants made by Deerfield Episcopal Retirement Community
Who funds Deerfield Episcopal Retirement Community
Grants from foundations and other nonprofits
Personnel at Deerfield Episcopal Retirement Community
Name | Title | Compensation | Date of data |
---|
Libby Bush | President and Chief Executive Officer | | 2023-06-18 |
Matthew Sharpe | Chief Operating Officer | | 2023-06-18 |
Robert Chandler | Chief Financial Officer | $248,047 | 2022-08-15 |
Matt Sharpe | Executive Director / Director of Resident Service | $191,176 | 2021-09-30 |
Shirley Burnette | Human Resources Director | | 2022-03-09 |
...and 9 more key personnel |
Financials for Deerfield Episcopal Retirement Community
Revenues | FYE 09/2022 | FYE 09/2021 | % Change |
---|
Total grants, contributions, etc. | $1,522,508 | $1,430,676 | 6.4% |
Program services | $36,110,794 | $36,551,095 | -1.2% |
Investment income and dividends | $1,943,476 | $1,579,830 | 23% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $3,419,457 | $820,355 | 316.8% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $1,600 | $469 | 241.2% |
Miscellaneous revenues | $309,896 | $308,212 | 0.5% |
Total revenues | $43,307,731 | $40,690,637 | 6.4% |
Organizations like Deerfield Episcopal Retirement Community
Organization | Type | Location | Revenue |
---|
Lutheran Senior Services (LSS) | 501(c)(3) | Saint Louis, MO | $181,287,536 |
Carroll Lutheran Village | 501(c)(3) | Westminster, MD | $33,951,883 |
Plymouth Place | 501(c)(3) | La Grange Park, IL | $32,345,507 |
Mennonite Village | 501(c)(3) | Albany, OR | $28,368,567 |
Bay Village of Sarasota | 501(c)(3) | Sarasota, FL | $29,906,888 |
Luther Manor / United Lutheran Program for the Aging Inc | 501(c)(3) | Wauwatosa, WI | $32,538,554 |
Westminister-Canterbury of Lynchburg | 501(c)(3) | Lynchburg, VA | $33,625,383 |
Snyder Village | 501(c)(3) | Metamora, IL | $16,719,849 |
Good Shepherd Home | 501(c)(3) | Fostoria, OH | $16,852,654 |
Evergreen Retirement Community | 501(c)(3) | Oshkosh, WI | $19,424,837 |
Data update history
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 12, 2023
Used new vendors
Identified 42 new vendors, including , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and
June 18, 2023
Updated personnel
Identified 2 new personnel
May 9, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Nursing homesHuman service organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human services
Characteristics
ChristianReligiousState / local levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
- Address
- 1617 Hendersonville Rd
- Asheville, NC 28803
- Metro area
- Asheville, NC
- County
- Buncombe County, NC
- Website URL
- deerfieldwnc.org/Â
- Phone
- (828) 274-1531
- Facebook page
- Deerfield-Episcopal-Retirement-CommunityÂ
IRS details
- EIN
- 56-0614176
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1955
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- P75: Senior Continuing Care Communities
- NAICS code, primary
- 62331: Assisted Living and Continuing Care Retirement Communities
- Parent/child status
- Central organization
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