Capstone Village Inc in Tuscaloosa, Alabama (AL)

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Capstone Village Inc
Employer Identification Number (EIN)631241636
Name of OrganizationCapstone Village Inc
Address601 5th Ave E, Tuscaloosa, AL 35401-7425
SubsectionCharitable Organization
Ruling Date02/2002
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$0
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$-6,755,677
Amount of Income$407,912
Form 990 Revenue Amount$407,912
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Continuing Care Communities


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Amount of income in 2010: $407,912
Capstone Village Inc: 

 $407,912
Other organizations performing similar types of work: 

 $563,627

Assets in 2010: $-6,755,677
Capstone Village Inc: 

 $-6,755,677
Other organizations performing similar types of work: 

 $1,278,184

Expenses in 2006: $8,085,650
This organization: 

 $8,085,650
Other organizations performing similar types of work: 

 $12,311,860

Income to expenses ratio in 2006: 0.3
Capstone Village Inc: 

 0.3
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2006: 57.6%
Capstone Village Inc: 

 57.6%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2006: 86
Capstone Village Inc: 

 86
Other organizations performing similar types of work: 

 187

Employees paid over $50,000 in 2006: 5.8%
Capstone Village Inc: 

 5.8%
Other organizations performing similar types of work: 

 6.9%

Grants share in income in 2006: 0.0%
Capstone Village Inc: 

 0.0%
Other organizations performing similar types of work: 

 0.3%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2006
Total revenue$2,710,868
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds$0
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$2,239,054
Membership dues and assessments$0
Interest on savings and temporary cash investments$394,374
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$5,500
Gross amount from sales of assets other than inventory$5,500
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$71,940
Total expenses$8,085,650
Program services$4,656,174
Management and general$3,429,476
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$-6,755,677
Excess or (deficit) for the year$-5,374,782
Net assets or fund balances at beginning of year$-1,517,163
Other changes in net assets or fund balances$136,268
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,085,650$4,656,174$3,429,476$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$119,615$35,885$83,730$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,143,191$951,317$191,874$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$119,143$119,143$0$0
Payroll taxes$143,169$136,525$6,644$0
Professional fundraising fees$0$0$0$0
Accounting fees$64,788$0$64,788$0
Legal fees$0$0$0$0
Supplies$254,788$247,364$7,424$0
Telephone$23,456$0$23,456$0
Postage and shipping$6,819$0$6,819$0
Occupancy$629,932$629,932$0$0
Equipment rental and maintenance$74,462$66,681$7,781$0
Printing and publications$9,165$5,245$3,920$0
Travel$63,994$19,610$44,384$0
Conferences, conventions, and meetings$6,702$928$5,774$0
Interest$2,596,435$294,649$2,301,786$0
Depreciation, depletion, etc.$1,729,228$1,729,228$0$0
Other expenses not covered above$1,100,763$419,667$681,096$0
Balance Sheets
2006
Total assets$57,255,137
Cash - non-interest-bearing$3,973
Savings and temporary cash investments$1,303,806
Accounts receivable less allowance for doubtful accounts$29,240
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$10,386
Prepaid expenses and deferred charges$10,621,494
Investments - publicly-traded securities$0
Investments - other securities$7,152,572
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$38,088,219
Other assets, including program-related investments$45,447
Total liabilities$64,010,814
Accounts payable and accrued expenses$1,034,677
Grants payable$0
Deferred revenue$5,695,927
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$43,038,161
Mortgages and other notes payable$0
Other liabilities$14,242,049
Total liabilities and net assets/fund balances$57,255,137
Total net assets or fund balances$-6,755,677
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2006
Total revenue$0
Total revenue, gains, and other support per audited financial statements$0
Other expenses$0
Net unrealized gains on investments$0
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2006
Total expenses$0
Total expenses and losses per audited financial statements$0
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200686
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$471,814$2,239,054
Program service revenue
Program service revenue 1000000$000$0$1,476,925
Program service revenue 2000000$000$0$331,290
Program service revenue 3000000$000$0$430,839
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$394,374$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$5,500$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$71,940$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$62,653$572$0
$55,782$9,785$0
$52,558$4,124$0
$52,365$663$0
$50,035$353$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2005
Total$3,235,230
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,235,230
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Lutheran Senior Services1150 Hanley Industrial Court, St Louis, MO 63144-1910MO1946-08$150,814,533
2Asbury Atlantic Inc20030 Century Blvd Ste 300, Germantown, MD 20874-1112MD1996-09$143,050,265
3Noland Health Services Inc600 Corporate Pkwy Ste 100, Birmingham, AL 35242-5451AL2006-04$139,224,809
4Memorial Hermann Continuing Care Corporation9301 Southwest Fwy Ste 600, Houston, TX 77074-1435TX1983-09$102,693,823
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7Northwest Senior Housing Corporation, The Edgemere12720 Hillcrest Road, Dallas, TX 75230-2035TX1998-06$73,568,691
8Admiral At The Lake929 West Foster Ave, Chicago, IL 60640-1491IL1935-03$69,227,860
9Evangelical Homes Of Michigan34024 W 8 Mile Rd Ste 101, Farmington, MI 48335-5209MI1946-08$60,834,840
10Rogue Valley Manor1200 Mira Mar Avenue, Medford, OR 97504-8546OR1964-04$56,234,115
11Lindengrove Inc13700 W National Avenue, New Berlin, WI 53151-9521WI1987-08$55,455,759
12Maple Knoll Communities Inc11100 Springfield Pike, Cincinnati, OH 45246-4112OH1934-05$53,372,118
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14Newbridge On The Charles Inc1200 Centre St, Boston, MA 02131-1011MA2005-07$42,320,275
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16Ahepa 310-Viii Inc3656 Government Blvd, Mobile, AL 36693-4380AL2001-07$363,478
17Benevolent Home Of The Episcopal Diocese Of Central Gulf Coast Inc, Murray House1257 Government St, Mobile, AL 36604-2410AL1970-10$490,695
18Garden Of Hope Inc2017 Jefferson Ave Sw, Birmingham, AL 35211-4102AL2003-09$323,999
19Attalla Housing And Social Services Inc904 9th St Sw, Attalla, AL 35954-2315AL1999-01$152,129
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Number of organizations performing similar types of work
Alaska2
Alabama12
Arkansas6
Arizona13
California64
Colorado16
Connecticut8
District of Columbia2
Florida41
Georgia38
Hawaii5
Iowa9
Idaho1
Illinois26
Indiana9
Kansas7
Kentucky7
Louisiana4
Massachusetts19
Maryland37
Maine4
Michigan30
Minnesota25
Missouri19
Mississippi7
Montana4
North Carolina21
North Dakota2
Nebraska3
New Hampshire5
New Jersey13
New Mexico1
Nevada5
New York44
Ohio31
Oklahoma7
Oregon10
Pennsylvania24
Rhode Island3
South Carolina12
South Dakota4
Tennessee18
Texas52
Utah3
Virginia17
Vermont1
Washington10
Wisconsin14
West Virginia3
Wyoming2
International5
Total725

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