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Nonprofiteer
← PALM SHORES RETIREMENT COMMUNITY INC

Form 990 for tax year 2023

Filed by PALM SHORES RETIREMENT COMMUNITY INC.

Totals

Total revenue
$16,663,165
Total expenses
$16,480,580
Contributions and grants received
$75,949
Grants paid
$0
Program service revenue
$16,610,727
Investment income
-$23,511
Other revenue
$0
Total assets, end of year
$39,523,408
Total liabilities, end of year
$26,519,722
Net assets or fund balances, end of year
$13,003,686
Program services expenses (Part IX)
$13,116,342
Management and general expenses
$3,286,632
Fundraising expenses
$77,606
Program service expenses (Part III)
$13,116,342

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN HILLENMEYER

    CHAIRMAN

    Total calculated
    $0

  • TERENCE ROGERS

    CEO/PRESIDEN

    Total calculated
    $836,263
    From this org
    $0
    From related orgs
    $791,826
    Other
    $44,437

    Schedule J breakdown matched by us

    Base
    not reported + $594,300 related
    Bonus
    not reported + $177,474 related
    Other
    not reported + $20,052 related
    Deferred
    not reported + $31,787 related
    Nontaxable benefits
    not reported + $12,650 related
    Filer's total
    not reported + $836,263 related

  • HENRY T KEITH

    CFO/TREASUR/

    Total calculated
    $643,198
    From this org
    $0
    From related orgs
    $613,220
    Other
    $29,978

    Schedule J breakdown matched by us

    Base
    not reported + $483,066 related
    Bonus
    not reported + $107,719 related
    Other
    not reported + $22,435 related
    Deferred
    not reported + $18,681 related
    Nontaxable benefits
    not reported + $11,297 related
    Filer's total
    not reported + $643,198 related

  • GARRY HENNIS

    COO/EXEC VP

    Total calculated
    $592,367
    From this org
    $0
    From related orgs
    $564,179
    Other
    $28,188

    Schedule J breakdown matched by us

    Base
    not reported + $439,908 related
    Bonus
    not reported + $100,317 related
    Other
    not reported + $23,954 related
    Deferred
    not reported + $16,891 related
    Nontaxable benefits
    not reported + $11,297 related
    Filer's total
    not reported + $592,367 related

  • MEGAN FAUBEL

    SECRETARY

    Total calculated
    $0

  • ALPHONSE JOHNSON

    DIRECTOR OF

    Total calculated
    $168,397
    From this org
    $160,200
    From related orgs
    $0
    Other
    $8,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,299
    Bonus
    $16,000
    Other
    $13,901
    Deferred
    $4,716
    Nontaxable benefits
    $3,481
    Filer's total
    $168,397

  • PAMELA ADAMS

    DIR OF SALES

    Total calculated
    $151,658
    From this org
    $144,034
    From related orgs
    $0
    Other
    $7,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,128
    Bonus
    $46,100
    Other
    $16,806
    Deferred
    not reported
    Nontaxable benefits
    $7,624
    Filer's total
    $151,658

  • JOSE VALCOURT

    DIR OF MAINT

    Total calculated
    $127,617
    From this org
    $113,940
    From related orgs
    $0
    Other
    $13,677
    Hours/week
    40

  • DEBORAH MCMILLAN

    ASSIST DIR O

    Total calculated
    $105,089
    From this org
    $101,486
    From related orgs
    $0
    Other
    $3,603
    Hours/week
    40

  • HOLLIE MCAULIFFE

    DINING SVCS

    Total calculated
    $110,786
    From this org
    $100,512
    From related orgs
    $0
    Other
    $10,274
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR THE COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 March 2025
IRS schema version
2023v6.0
Source object
202510729349300746

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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