Kingston Hill in Marion, Iowa (IA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Kingston Hill | |
| Employer Identification Number (EIN) | 420681101 |
| Name of Organization | Kingston Hill |
| Address | 1860 County Home Rd, Marion, IA 52302-9753 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Trust |
| Tax Period | 06/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,330,219 |
| Amount of Income | $1,245,180 |
| Form 990 Revenue Amount | $511,024 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Senior Continuing Care Communities |
Non-representatives - add comments:
Amount of income in 2012: $1,245,180 (it was $2,937,113 in 2011)
| This organization: | $1,245,180 |
| Other organizations performing similar types of work: | $858,789 |
Assets in 2012: $3,330,219 (it was $3,662,996 in 2011)
| Kingston Hill: | $3,330,219 |
| Other organizations performing similar types of work: | $1,625,435 |
Expenses in 2012: $673,421
| This organization: | $673,421 |
| Other organizations performing similar types of work: | $886,304 |
Income to expenses ratio in 2012: 1.8
| Kingston Hill: | 1.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 15.1%
| This organization: | 15.1% |
| Other organizations performing similar types of work: | 21.1% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $511,024 | $192,870 | $304,590 | |
| Contributions, gifts, grants, etc., received | $77,010 | |||
| Interest on savings and temporary cash investments | $11 | |||
| Dividends and interest from securities | $63,435 | |||
| Gross rents | $10,800 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $230,344 | |||
| Other | $129,424 | |||
| Total expenses and disbursements | $673,421 | $12,042 | $96,430 | $573,540 |
| Compensation of officers, directors, trustees, etc. | $74,987 | |||
| Total operating and administrative expenses | $673,421 | $12,042 | $573,540 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-162,397 | |||
| Net investment income | $180,828 | |||
| Adjusted net income | $208,160 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,330,219 | $3,330,219 |
| Cash - non-interest-bearing | $300 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,481,608 | |
| Other | $848,311 | |
| Total liabilities | $42,137 | |
| Mortgages and other notes payable | $0 | |
| Other | $42,137 | |
| Total liabilities and net assets/fund balances | $3,288,082 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $129,424 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,640,704 |
| Net value of noncharitable-use assets | $2,601,100 |
| Minimum investment return | $130,055 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $130,055 | $140,696 | $138,012 | $134,017 | $542,780 |
| Qualifying distributions made directly for active conduct of exempt activities | $573,540 | $569,032 | $541,648 | $582,768 | $2,266,988 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $86,703 | $93,797 | $92,008 | $89,345 | $361,853 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stanley Total Living Center Inc | PO BOX 489, Stanley, NC 28164-0489 | NC | 1985-06 | $16,773,739 |
| 2 | Swiss Village Inc, D L Martin | 1350 West Main Street, Berne, IN 46711-1741 | IN | 1966-01 | $12,970,631 |
| 3 | Springpoint Senior Living Inc | 4814 Outlook Dr Ste 201, Wall Township, NJ 07753-6812 | NJ | 1997-01 | $12,753,817 |
| 4 | Richfield Retirement Community | PO BOX 3240, Salem, VA 24153-0647 | VA | 1977-09 | $11,692,058 |
| 5 | Eastern Star Masonic Home | 715 W Mamie Eisenhower Ave, Boone, IA 50036-3930 | IA | 1990-08 | $10,855,903 |
| 6 | Villa Rosa Nursing Home | 3800 Lottsford Vista Rd, Mitchellville, MD 20721-4018 | MD | 1946-03 | $10,599,586 |
| 7 | United Helpers Canton Nursing Home | 205 State Street Rd, Canton, NY 13617-3302 | NY | 1982-01 | $10,192,241 |
| 8 | Westminster Shores Inc | 80 W Lucerne Cir, Orlando, FL 32801-3779 | FL | 1956-06 | $8,598,383 |
| 9 | Rose Villa Inc | 13505 Se River Rd, Portland, OR 97222-8038 | OR | 1964-01 | $7,956,768 |
| 10 | Woodhaven Of Livonia | 29667 Wentworth St, Livonia, MI 48154-6231 | MI | 1986-05 | $7,448,328 |
| 11 | Jewish Home Aging Services Inc | 15000 W Ten Mile Road, Oak Park, MI 48237 | MI | 1987-03 | $7,390,664 |
| 12 | Hubbard Care Center Inc | 403 S State St, Hubbard, IA 50122-9501 | IA | 1994-03 | $4,244,502 |
| 13 | Kingston Hill | 1860 County Home Rd, Marion, IA 52302-9753 | IA | 1994-12 | $1,245,180 |
| 14 | Masonic Village Inc | 2500 Grant Street, Bettendorf, IA 52722-5092 | IA | 1988-02 | $866,155 |
| 15 | Diamond Life Health Care Inc | PO BOX 820, Montezuma, IA 50171-0820 | IA | 1992-07 | $859,238 |
| 16 | Peace Haven Association | 900 Antique City Dr, Walnut, IA 51577-3040 | IA | 1959-12 | $626,076 |
| 17 | Preston Manor Inc | PO BOX 100, Lowden, IA 52255-0100 | IA | 1976-08 | $85,689 |
| 18 | Friendship Village Foundation | 600 Park Lane, Waterloo, IA 50702-5200 | IA | 1987-03 | $79,419 |
| 19 | Stonehaven Of Ames Inc | 421 Stonehaven Drive, Ames, IA 50010-7000 | IA | 1951-05 | $71,514 |
| 20 | Vera French Commons Inc | 211 E 37th St, Davenport, IA 52806-6004 | IA | 1998-03 | $49,507 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 393 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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