EIN 56-0614176

Deerfield Episcopal Retirement Community

IRS 501(c) type
501(c)(3)
Num. employees
419
Year formed
1955
Most recent tax filings
2023-09-01
Description
Deerfield Episcopal Retirement Community, Inc. operates as a nonprofit retirement community with Christian ideals and provides a continuum of care to all residents in order to promote independence and the highest quality of life. A board of directors composed of individuals governs Deerfield, a North Carolina-based nonprofit corporation.
Total revenues
$45,645,787
2023
Total expenses
$40,888,792
2023
Total assets
$252,466,839
2023
Num. employees
419
2023

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, 2023 the charges forgone related to Deerfield's benevolent assistance program were approximately $396,000.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, 2023deerfield also provides numerous Community benefits which include charitable donations and donated volunteer services in the amounts of $1,370,000 during the year ended september 30, 2023

Grants made by Deerfield Episcopal Retirement Community

GranteeGrant descriptionAmount
Pisgah Legal ServicesOperational Support$88,950
MANNA Food Bank (MANNA)Operational Support$67,320
Episcopal Relief and DevelopmentOperational Support$55,770
...and 25 more grants made totalling $600,923

Who funds Deerfield Episcopal Retirement Community

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Deerfield Charitable FoundationHealthcare Assistance$387,261
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$16,400
Community Foundation of Western North CarolinaAssisting People in Need$7,000

Personnel at Deerfield Episcopal Retirement Community

NameTitleCompensation
Libby BushPresident and Chief Executive Officer$0
Matthew SharpeExecutive Director
Robert ChandlerChief Financial Officer$279,947
Faith PerkinsChief Human Resources Officer
Keith EinsmannChief Facilities Officer$157,112
...and 16 more key personnel

Financials for Deerfield Episcopal Retirement Community

RevenuesFYE 09/2023
Total grants, contributions, etc.$1,650,416
Program services$39,636,610
Investment income and dividends$2,492,431
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,536,489
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$1,550
Miscellaneous revenues$328,291
Total revenues$45,645,787

Form 990s for Deerfield Episcopal Retirement Community

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-15990View PDF
2022-092023-08-15990View PDF
2021-092022-08-15990View PDF
2020-092021-09-03990View PDF
2019-092020-10-08990View PDF
...and 10 more Form 990s

Organizations like Deerfield Episcopal Retirement Community

OrganizationLocationRevenue
Mennonite VillageAlbany, OR$28,938,633
Lutheran Senior Services (LSS)Saint Louis, MO$176,211,150
Masonic Homes of CaliforniaSan Francisco, CA$37,487,890
Carroll Lutheran VillageWestminster, MD$33,173,566
Plymouth PlaceLa Grange Park, IL$34,497,045
Westminister-Canterbury of LynchburgLynchburg, VA$36,892,402
The Village at RockvilleFrederick, MD$41,416,328
Luther Manor / United Lutheran Program for the Aging IncWauwatosa, WI$26,200,196
Bay Village of SarasotaSarasota, FL$29,906,888
Twin Lakes CommunityBurlington, NC$46,915,283
Data update history
September 23, 2024
Used new vendors
Identified 1 new vendor, including
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $387,261 from Deerfield Charitable Foundation
September 20, 2024
Updated personnel
Identified 5 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $7,000 from Community Foundation of Western North Carolina
September 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsNursing homesHuman service organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human services
Characteristics
ChristianReligiousState / local levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
1617 Hendersonville Rd
Asheville, NC 28803
Metro area
Asheville, NC
County
Buncombe County, NC
Website URL
deerfieldwnc.org/ 
Phone
(828) 274-1531
Facebook page
Deerfield-Episcopal-Retirement-Community 
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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