Retirement Housing Foundation
91% goes to programs $1 to raise $100 Strong reserves
Retirement Housing Foundation is a 501(c)(3) organization based in Long Beach, California, registered in 2014, with $42,118,324 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
911 North Studebaker Road, Long Beach, CA, 90815 EIN 95-2249495 Since 2014
Revenue (FY2023)
$42.1M
▼ 60.6% vs prior year
Human Services median: $293K
Expenses (FY2023)
$26.7M
Net assets
$209.0M
Employees
78
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating91% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Retirement Housing Foundation: 91% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating94 mo reserves · +37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Retirement Housing Foundation: 94 mo reserves · +37% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Retirement Housing Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Retirement Housing Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To develop & manage low income and assisted living housing communities and skilled nursing facilities.
What they do
Cloisters rhf housing, llc operates an apartment retirement community consisting of 239 independent living units and 36 assisted living units in deland, florida
Contact & location
- Address
- 911 North Studebaker Road, Long Beach, CA, 90815
- City
- Long Beach
- State
- California
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $32.2M (FY2013) to $42.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $17.9MNet assets $209.0M
Operating margin
36.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$226.9M
Total liabilities
$17.9M
Net assets
$209.0M
Salaries & benefits
$13.1M
49% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $42,118,324▼60.6% | $26,718,964▼6.2% | $209,033,662▲11.1% | $226,932,871▲9.4% | 990 |
| 2022 | $106,870,194▲115% | $28,484,740▼5.0% | $188,210,048▲61.6% | $207,365,153▲4.5% | 990 |
| 2021 | $49,802,150▲9.0% | $29,986,329▼4.7% | $116,491,815▼15.1% | $198,507,383▼3.3% | 990 |
| 2020 | $45,688,104▲30.4% | $31,467,272▲21.9% | $137,185,582▲11.9% | $205,386,585▲9.6% | 990 |
| 2019 | $35,036,683▼22.5% | $25,824,267▲0.9% | $122,597,667▲8.5% | $187,395,066▲7.2% | 990 |
| 2018 | $45,211,004▼5.8% | $25,596,778▲9.1% | $113,033,748▲21.3% | $174,861,165▲15.5% | 990 |
| 2017 | $48,011,659▲37.8% | $23,452,028▲4.0% | $93,172,404▲35.4% | $151,455,229▲22.7% | 990 |
| 2016 | $34,843,086▼0.7% | $22,552,869▼2.2% | $68,819,387▲18.8% | $123,483,149▲6.5% | 990 |
| 2015 | $35,083,430▼3.8% | $23,053,354▼6.6% | $57,934,130▲20.5% | $115,944,998▲8.6% | 990 |
| 2014 | $36,462,529▲13.4% | $24,687,616▼16.5% | $48,088,177▲29.3% | $106,798,437▲9.9% | 990 |
| 2013 | $32,151,178 | $29,555,189▲31.0% | $37,194,390▲6.7% | $97,216,201▲9.2% | 990 |
| 2012 | — | $22,566,160▲8.0% | $34,862,728▲19.3% | $89,061,754▲9.0% | 990 |
| 2011 | — | $20,904,034▼1.3% | $29,229,426▲19.6% | $81,732,874▲8.3% | 990 |
| 2010 | — | $21,179,818▼2.2% | $24,449,420▲48.7% | $75,448,542▼2.7% | 990 |
| 2009 | — | $21,654,416 | $16,439,985 | $77,557,344 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Hartman Stuart J — $617,596 (2.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hartman Stuart J | President/ceo | 40 | $617,596 |
| Amberg Robert R | Executive Vp Gen Counsel | 40 | $440,286 |
| Rossello Frank Jr | Cfo and Vp of Finance | 40 | $378,582 |
| Fard Bob J | Vp Acquis and Proj Dev | 40 | $259,219 |
| Magnone Vincent B | Vp Treasury & Invstmt Off | 40 | $246,158 |
| Battaglia Nada | Vp Human Resources | 40 | $242,093 |
| Titus Stephanie L | Vp Philanthropy/cso | 40 | $239,642 |
| Gilchrist Kevin Darrell | Vp Development Finance | 40 | $228,362 |
| Clow John C | Vp Risk Management | 40 | $209,162 |
| Purcell Christopher | Controller | 40 | $197,200 |
| Mickelson Lavonne R | Dir of Afford Housing Ops | 40 | $184,618 |
| Steckbeck Kent | Budget & Analytics Dir | 40 | $177,682 |
| Robinson Tina M | Vp Housing Accounting | 40 | $177,323 |
| Phelps Lori Ann | Info Systems Director | 40 | $173,077 |
| Silva Joanne L | Vp Occupancy & Tax Credit | 40 | $166,856 |
| Fox Buchan Laura L | Corp Sec & Dir of Corp Records | 40 | $153,750 |
| Desaegher Norma N | Director | 5 | — |
| East Raymond E | Director | 5 | — |
| Moyer David S | Director | 5 | — |
| Napierskie David W | Vp Health Care Operations | 40 | — |
Top vendors & contractors (FY2019)
| Contractor | Services | Paid |
|---|---|---|
| Har Bro of Northern California | Construction Services | $2,004,301 |
| Kustom Us Inc | Construction Services | $1,749,345 |
| Har Bro West Inc | Construction Services | $1,595,055 |
| Prelude Services | It Services | $1,386,070 |
| Temporary Accomodation | Hotel Rental | $1,157,164 |
Grants received · $63.4M total
9 grants to Retirement Housing Foundation totaling $63.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2023 | $1,706,834 |
| California Community Foundation | Housing | 2023 | $10,000 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2022 | $16,878,589 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2021 | $8,523,679 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2020 | $11,459,952 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2019 | $5,266,666 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2018 | $6,563,696 |
| Rhf Foundation | To assist a related organization in providing senior housing and related services. | 2017 | $13,031,823 |
| Good360 | To assist those in need | 2014 | $7,885 |
Grants made · $4.7M in FY2023
9 grants totaling $4.7M in FY2023. All grants made by Retirement Housing Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Bixby Knolls Towers Inc | To provide additional support to related charitable organization which is in need of financial assistance. | $1,274,596 |
| Rhf Foundation | To provide additional support to related charitable organization which is in need of financial assistance. | $1,192,763 |
| Rhf Charitable Foundation | To provide additional support to related charitable organization which is in need of financial assistance. | $802,021 |
| Christian Methodist Episcopal Church | Donation to unrelated charitable organization | $710,445 |
| Pauahi Elderly Inc | To provide additional support to related charitable organization which is in need of financial assistance. | $301,097 |
| Culver City Rotary Community Foundation | Donation to unrelated charitable organization | $293,900 |
| Cathedral Pioneer Church Homes-no Two | To provide additional support to related charitable organization which is in need of financial assistance. | $90,000 |
| The Treehouse Foundation Inc | Donation to unrelated charitable organization | $25,000 |
| Sun City Rhf Housing Inc | To provide additional support to related charitable organization which is in need of financial assistance. | $20,000 |
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Compare Retirement Housing Foundation
Frequently asked questions
- Is Retirement Housing Foundation a legitimate nonprofit?
- Yes. Retirement Housing Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-2249495, based in Long Beach, California. Donations are tax-deductible.
- What is Retirement Housing Foundation's EIN?
- Retirement Housing Foundation's Employer Identification Number (EIN) is 95-2249495.
- How much revenue does Retirement Housing Foundation report?
- Retirement Housing Foundation reported $42,118,324 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Retirement Housing Foundation's spending goes to programs?
- Retirement Housing Foundation spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Retirement Housing Foundation have?
- CharityIndex grades Retirement Housing Foundation A, based on program efficiency and fundraising cost.
- How much does Retirement Housing Foundation's highest-paid employee make?
- The highest reported compensation on Retirement Housing Foundation's latest Form 990 is $617,596, paid to Hartman Stuart J (President/ceo).
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Explore more
Data for Retirement Housing Foundation (EIN 95-2249495) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.