Nonprofit · EIN 52-1404857
AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC
Also known as FALCONS LANDING
Tax-exempt · STERLING, VA 20165
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $41,492,029 | $40,996,912 | $495,117 | $140,717,841 | $127,938,698 | $12,779,143 |
| December 31, 2023 | 990 | $38,159,814 | $38,765,380 | -$605,566 | $135,004,692 | $128,834,607 | $6,170,085 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,046,438
- Program service revenue
- $39,522,761
- Investment income
- $922,830
- Net gain from sales of assets
- $89,044
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $911,274
- Other salaries and wages
- $17,503,634
- Salaries, compensation and benefits (total)
- $22,370,509
- Professional fundraising fees
- $0
- Legal fees
- $34,099
- Depreciation
- $6,612,692
- Program services (functional)
- $34,876,496
- Management and general (functional)
- $6,120,416
Balance sheet and other
- Total assets, start of year
- $135,004,692
- Total assets, end of year
- $140,717,841
- Total liabilities, end of year
- $127,938,698
- Net assets, end of year
- $12,779,143
- Land, buildings and equipment
- $103,515,450
- Publicly traded securities
- $21,064,040
- Net assets without donor restrictions
- $11,351,837
- Net assets with donor restrictions
- $1,427,306
- Gross receipts
- $42,073,344
- Employees
- 442
- Volunteers
- 10
- Year formed
- 1984
- State of legal domicile
- VA
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 |
|---|---|---|---|---|
| HARDY LISTER - PART YEAR | CFO (RETIRED MAY 2024) Officer | 40 | $368,570 | $30,500 |
| GARY HANDLEY | CEO Officer | 40 | $311,239 | $30,500 |
| SAID SANA | MEDICAL DIRECTOR Highest-paid employee | 40 | $235,840 | $0 |
| ASHLEE BULLOCK | DIRECTOR OF HEALTHCARE SERVICES Highest-paid employee | 40 | $192,132 | $0 |
| FRED SIMPSON | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $190,841 | $0 |
| DAVID PRATT | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $179,002 | $0 |
| LEAH DAILY | DIRECTOR OF SALES AND MARKETING Highest-paid employee | 40 | $176,836 | $0 |
| FRED R BOVA JR | CFO (STARTED APRIL 2024) Officer | 40 | $170,465 | $0 |
| JOE MARSHALL | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DR CHRISTINE HUNTER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| KAREN WARACK | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SHARON SHAFFER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| DALE ORMOND | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MARY LOWE MAYHUGH | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ALAN SHAFFER | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JOCELYN SENG | BOARD MEMBER Trustee or director | 5 | $0 |
| TIM MARKLE | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY HANDLEY | CFO Officer | 40 | $297,845 | $11,469 |
| HARDY LISTER | CFO Officer | 40 | $260,610 | $8,986 |
| SAID HASIB SANA | MEDICAL DIRECTOR Highest-paid employee | 40 | $238,424 | $0 |
| FRED SIMPSON | HR DIRECTOR Highest-paid employee | 40 | $188,494 | $22,794 |
| ASHLEE BULLOCK | HC ADMINISTRATOR Highest-paid employee | 40 | $186,476 | $7,823 |
| JOE MARSHALL | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| SCOTT CUSTER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTINE HUNTER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MIKE KELLY | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SHARON SHAFFER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| TIM MARKLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MARY LOWE MAYHUGH | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DALE ORMOND | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DOUG ROBB | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOCELYN SENG | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ALAN SHAFFER | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20522 FALCONS LANDING CIR, STERLING, VA 20165-7595
- In care of
- % RICK BOVA
- Principal officer (990 for 2024)
- FRED R BOVA JR, 20522 FALCONS LANDING CIRCLE, POTOMAC FALLS, VA 20165
- Signed the 990
- FRED R BOVA JR, CFO
- Phone
- (703) 404-5102
- Website
- WWW.FALCONSLANDING.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO OPERATE A FIRST CLASS NOT FOR PROFIT CONTINUING CARE RETIREMENT COMMUNITY FOR THE BENEFIT OF RETIRED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES AND HONORABLY DISCHARGED MILITARY OFFICERS. WE SHALL PROVIDE FACILITIES AND SERVICES THAT SUPPORT AND ENHANCE THE HEALTH SECURITY, HAPPINESS AND WELL BEING OF OUR RESIDENTS.
Program accomplishments
- PROVIDE HOUSING, FOOD, AND OTHER SERVICES TO OVER 400 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY.Expenses $15,838,803 · revenue $29,547,059
- PROVIDE HOUSING, NURSING, FOOD, AND OTHER SERVICES TO OVER 100 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY.Expenses $19,037,693 · revenue $9,975,702
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
- 52-1404857
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $140,717,841
- Income (IRS master file)
- $42,073,344
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $41,492,029 | $40,996,912 | $140,717,841 | IRS |
| 990 | December 2023 | $38,159,814 | $38,765,380 | $135,004,692 | XML |
| 990 | December 2022 | $38,747,003 | $35,957,771 | $133,433,208 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-1404857).
Questions about AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC
- What is the EIN of AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC?
- The employer identification number (EIN) of AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC is 52-1404857.
- Is AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC 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 AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC 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 AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC 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 AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC?
- The 990 for the year ended December 31, 2024 names FRED R BOVA JR.
- Who are the officers and directors of AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC?
- The 990 for the year ended December 31, 2024 lists 17 people; 8 received compensation from the organization, the highest $368,570 (HARDY LISTER - PART YEAR, CFO (RETIRED MAY 2024)).
- How much revenue does AIR FORCE RETIRED OFFICERS COMMUNITY-WASHINGTON DC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $41,492,029, expenses of $40,996,912 and total assets of $140,717,841 at year end.
Other nonprofits in STERLING
- FAMIL EIN 87-2243748 · last filed 990 for 2024
- ZAILA COLLECTION EIN 92-4023993 · last filed 990 for 2024
- MOZAIC EIN 81-2309467 · last filed 990 for 2025
- KEEP THE CHANGE INCORPORATED EIN 45-2641038 · last filed 990-EZ for 2025
- KIND HEARTS FOUNDATION EIN 86-1513804 · last filed 990-N for 2024
- TIN CUP FUND EIN 32-0585241 · last filed 990-EZ for 2025
- SILENCE NO MORE MOVEMENT EIN 92-1940859 · last filed 990-N for 2025
- LOVE KK EIN 83-2491034 · last filed 990-EZ for 2025