Nonprofit · EIN 35-1393773
RETIREMENT LIVING INC
Also known as MARQUETTE
Tax-exempt · INDIANAPOLIS, IN 46260
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $36,742,605 | $37,312,509 | -$569,904 | $141,646,873 | $113,175,955 | $28,470,918 |
| December 31, 2023 | 990 | $36,021,978 | $37,577,481 | -$1,555,503 | $137,746,850 | $112,491,654 | $25,255,196 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $180,000
- Program service revenue
- $37,261,406
- Investment income
- -$703,870
- Net gain from sales of assets
- -$2,375,398
- Net income from sales of inventory
- -$2,745
- Other revenue
- $5,069
Expenses
- Grants and similar amounts paid
- $651,288
- Other salaries and wages
- $13,905,961
- Salaries, compensation and benefits (total)
- $16,532,256
- Professional fundraising fees
- $0
- Legal fees
- $96,233
- Accounting fees
- $14,327
- Occupancy
- $2,926,517
- Travel
- $39,076
- Depreciation
- $6,393,605
- Program services (functional)
- $31,783,355
- Management and general (functional)
- $5,529,154
Balance sheet and other
- Total assets, start of year
- $137,746,850
- Total assets, end of year
- $141,646,873
- Total liabilities, end of year
- $113,175,955
- Net assets, end of year
- $28,470,918
- Land, buildings and equipment
- $73,684,097
- Publicly traded securities
- $30,211,151
- Net assets without donor restrictions
- $28,470,918
- Gross receipts
- $52,447,683
- Employees
- 433
- Volunteers
- 200
- Year formed
- 1979
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Andrea Ryan | FINANCIAL SERVICES DIRECTOR Highest-paid employee | 40 | $163,093 | $19,588 |
| Sara Green | Residency Counselor Highest-paid employee | 40 | $143,469 | $34,778 |
| Heather Jones | Marketing Director Highest-paid employee | 40 | $129,634 | $33,064 |
| Alicia Taylor | Director of Nursing Highest-paid employee | 40 | $118,992 | $33,013 |
| Michael Hebenstreit | Food and Beverage Director Highest-paid employee | 40 | $119,907 | $19,876 |
| David Mallon | Interim President Trustee or director, Officer | 1 | $9,000 | $0 |
| Joe Breen | Director Trustee or director | 1 | $7,400 | $0 |
| Constance Brown | Treasurer Trustee or director, Officer | 1 | $7,000 | $0 |
| Nichole Wilson | Vice President Trustee or director, Officer | 1 | $6,700 | $0 |
| Scott Hirschman | Secretary Trustee or director, Officer | 1 | $6,700 | $0 |
| Jack Mahoney | Director Trustee or director | 1 | $5,300 | $0 |
| Heather Bice | Director Trustee or director | 1 | $4,900 | $0 |
| Kevin Schaefer | Director Trustee or director | 1 | $4,900 | $0 |
| Kathy A Clark | President (through April 30, 2024) Trustee or director, Officer | 1 | $4,600 | $0 |
| Camille Blunt | Director Trustee or director | 1 | $4,200 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Scheid | Director Trustee or director | 1 | $3,800 |
| Jeffrey Borgert | Director Trustee or director | 1 | $3,600 |
| Scott Prentice | Director Trustee or director | 1 | $2,400 |
| Wayne Turner | Director (as of august 1, 2024) Trustee or director | 1 | $700 |
| Nancy Lorenzano | Director Trustee or director | 1 | $0 |
| Jeffrey Cox Jr | Health Care Administrator Officer | 40 | $0 |
| Tim Wetzell | Executive Director (Begin April) Officer | 40 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sara Green | Residency Counselor Highest-paid employee | 40 | $141,740 | $36,219 |
| Michael Hebenstreit | Food and Beverage Director Highest-paid employee | 40 | $139,700 | $19,703 |
| Alicia Taylor | Director of Nursing Highest-paid employee | 40 | $111,770 | $36,096 |
| Vicky Bishop | LPN Highest-paid employee | 75 | $114,493 | $27,577 |
| Heather Jones | Marketing Director Highest-paid employee | 40 | $105,315 | $36,219 |
| Kathy A Clark | President Trustee or director, Officer | 1 | $5,700 | $0 |
| Kevin Schaefer | Director Trustee or director | 1 | $5,300 | $0 |
| David Mallon | Director Trustee or director | 1 | $4,700 | $0 |
| Michael Corr | Director (Partial Year) Trustee or director | 1 | $4,400 | $0 |
| Nichole Wilson | Vice President Trustee or director, Officer | 1 | $3,900 | $0 |
| Scott Hirschman | Secretary Trustee or director, Officer | 1 | $3,700 | $0 |
| Constance Brown | Treasurer Trustee or director, Officer | 1 | $3,600 | $0 |
| Heather Bice | Director Trustee or director | 1 | $3,600 | $0 |
| Kevin Scheid | Director Trustee or director | 1 | $3,400 | $0 |
| Camille Blunt | Director Trustee or director | 1 | $3,000 | $0 |
| Jeffrey Borgert | Director Trustee or director | 1 | $2,900 | $0 |
| Scott Prentice | Director Trustee or director | 1 | $2,600 | $0 |
| Joe Breen | Director Trustee or director | 1 | $2,300 | $0 |
| Jeffrey Meltzer MD | Director Trustee or director | 1 | $1,600 | $0 |
| Jack Mahoney | Director (As of September 2023) Trustee or director | 1 | $800 | $0 |
| Barrett Way | Executive Director (Through November 2023) Officer | 40 | $0 | $0 |
| Jeffrey Cox Jr | Health Care Administrator Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8140 TOWNSHIP LINE RD, INDIANAPOLIS, IN 46260-5824
- Principal officer (990 for 2024)
- Jake Cox, 8140 Township Line Road, Indianapolis, IN 46260
- Signed the 990
- Jake Cox, Executive Director
- Phone
- (317) 875-9700
- Return prepared by
- CROWE LLP
Mission
As a continuing care retirement community, the role of Retirement Living, Inc. is to provide a high quality continuum of care by serving the housing and human development needs of our residents. (continued in schedule O)
Program accomplishments
- HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2024, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $413,579.Expenses $12,741,271 · grants $413,579 · revenue $11,731,017
- ASSISTED LIVING/MEMORY CARE: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 22 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES.Expenses $10,595,725 · revenue $9,525,962
- INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 258 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP.Expenses $8,208,650 · revenue $16,004,427
- RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2024, THE ORGANIZATION GAVE $237,709 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS.Expenses $237,709 · grants $237,709
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1393773
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $141,646,873
- Income (IRS master file)
- $52,447,683
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $36,742,605 | $37,312,509 | $141,646,873 | IRS |
| 990 | December 2023 | $36,021,978 | $37,577,481 | $137,746,850 | XML |
| 990 | December 2022 | $33,262,197 | $34,461,187 | $138,450,323 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1393773).
Questions about RETIREMENT LIVING INC
- What is the EIN of RETIREMENT LIVING INC?
- The employer identification number (EIN) of RETIREMENT LIVING INC is 35-1393773.
- Is RETIREMENT LIVING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to RETIREMENT LIVING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RETIREMENT LIVING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RETIREMENT LIVING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RETIREMENT LIVING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RETIREMENT LIVING INC?
- The 990 for the year ended December 31, 2024 names Jake Cox.
- Who are the officers and directors of RETIREMENT LIVING INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 19 received compensation from the organization, the highest $163,093 (Andrea Ryan, FINANCIAL SERVICES DIRECTOR).
- How much revenue does RETIREMENT LIVING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $36,742,605, expenses of $37,312,509 and total assets of $141,646,873 at year end.
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