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Nonprofiteer
← MAPLE VILLAGE

Form 990 for tax year 2024

Filed by MAPLE VILLAGE.

Totals

Total revenue
$9,758,835
Total expenses
$9,673,046
Contributions and grants received
$16,136
Grants paid
$238,125
Program service revenue
$9,199,786
Investment income
$441,667
Other revenue
$101,246
Total assets, end of year
$30,599,926
Total liabilities, end of year
$41,386,107
Net assets or fund balances, end of year
-$10,786,181
Program services expenses (Part IX)
$7,154,483
Management and general expenses
$2,518,563
Fundraising expenses
$0
Program service expenses (Part III)
$7,154,483

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $9,000

  • 1f · All other contributions, gifts and grants

    $7,136

  • 2a · Program service revenue: INDEPENDENT LIVING

    total $3,698,419 · related or exempt $3,698,419

  • 2b · Program service revenue: ENTRANCE FEE AMORT.

    total $3,362,770 · related or exempt $3,362,770

  • 2c · Program service revenue: PERSONAL CARE

    total $2,138,597 · related or exempt $2,138,597

  • 3 · Investment income

    total $298,439 · excluded $298,439

  • 6a · Gross rents

    real property $400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $400

  • 6d · Net rental income or loss

    total $400 · excluded $400

  • 7a · Gross sales of assets other than inventory

    securities $741,122

  • 7b · Less cost or other basis and sales expenses

    securities $597,894

  • 7c · Gain or loss

    securities $143,228

  • 7d · Net gain or loss

    total $143,228 · excluded $143,228

  • 11a · Other revenue: DINING REVENUE

    total $60,408 · excluded $60,408

  • 11b · Other revenue: PARKING/LOCKER FEES

    total $19,402 · excluded $19,402

  • 11c · Other revenue: TRANSPORTATION

    total $9,421 · excluded $9,421

  • 11d · All other revenue

    total $11,615 · excluded $11,615

  • 11e · Other revenue, total

    $100,846

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $238,125 · program services $238,125

  • 5 · Compensation of officers, directors and key employees

    total $198,909 · program services $198,909

  • 7 · Other salaries and wages

    total $2,590,368 · program services $1,937,144 · management and general $653,224

  • 8 · Pension plan contributions

    total $74,788 · program services $52,622 · management and general $22,166

  • 9 · Other employee benefits

    total $288,543 · program services $247,318 · management and general $41,225

  • 10 · Payroll taxes

    total $228,264 · program services $162,841 · management and general $65,423

  • 11a · Fees: management

    total $786,856 · management and general $786,856

  • 11b · Fees: legal

    total $6,250 · management and general $6,250

  • 11c · Fees: accounting

    total $21,468 · management and general $21,468

  • 11f · Fees: investment management

    total $10,599 · management and general $10,599

  • 11g · Fees: other

    total $273,569 · program services $189,709 · management and general $83,860

  • 12 · Advertising and promotion

    total $73,809 · management and general $73,809

  • 13 · Office expenses

    total $155,165 · program services $135,551 · management and general $19,614

  • 16 · Occupancy

    total $1,220,616 · program services $1,215,656 · management and general $4,960

  • 17 · Travel

    total $11,523 · program services $4,717 · management and general $6,806

  • 20 · Interest

    total $1,294,744 · program services $1,035,795 · management and general $258,949

  • 22 · Depreciation, depletion and amortization

    total $1,729,294 · program services $1,383,435 · management and general $345,859

  • 23 · Insurance

    total $88,794 · management and general $88,794

  • 24a · Other expenses: FOOD

    total $347,677 · program services $347,677

  • 24b · Other expenses: EMPLOYEE EXPENSES

    total $16,211 · program services $1,110 · management and general $15,101

  • 24c · Other expenses: BOOKS/DUES/SUB.

    total $11,282 · program services $1,255 · management and general $10,027

  • 24d · Other expenses: LICENSES AND CERTS.

    total $5,232 · program services $1,659 · management and general $3,573

  • 24e · All other expenses

    total $960 · program services $960

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,727 · end of year $24,825

  • 4 · Accounts receivable

    beginning of year $413,000 · end of year $147,715

  • 9 · Prepaid expenses and deferred charges

    beginning of year $284,994 · end of year $323,303

  • 10a · Land, buildings and equipment: cost or other basis

    $44,938,841

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,971,613

  • 10c · Land, buildings and equipment, net

    beginning of year $19,672,699 · end of year $18,967,228

  • 11 · Investments: publicly traded securities

    beginning of year $7,828,763 · end of year $8,405,280

  • 15 · Other assets

    beginning of year $2,528,683 · end of year $2,731,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,176,515 · end of year $1,088,910

  • 19 · Deferred revenue

    beginning of year $14,841,592 · end of year $15,095,795

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,077,255 · end of year $24,629,363

  • 21 · Escrow or custodial account liability

    beginning of year $49,690 · end of year $89,361

  • 25 · Other liabilities

    beginning of year $735,893 · end of year $482,678

  • 27 · Net assets without donor restrictions

    beginning of year -$11,074,079 · end of year -$10,786,181

Mission and programs · 2024

Mission

TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES.

Activities or mission (Part I)

THE ORGANIZATION OPERATES A NON-PROFIT RETIREMENT COMMUNITY, INCLUDING INDEPENDENT AND PERSONAL CARE APARTMENTS.

  • THE ORGANIZATION OPERATES A NON-PROFIT RETIREMENT COMMUNITY WHICH INCLUDES INDEPENDENT LIVING AND PERSONAL CARE CONSISTING OF 38 COTTAGES, 150 APARTMENTS, AND 33 PERSONAL CARE UNITS. THE COMMUNITY PROVIDES AGING SERVICES TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY FOR THE SENIOR RESIDENTS, AND TO PLAN AND DEVELOP NEW PROGRAMS AND SERVICES TO MEET THE EVOLVING SOCIAL, HEALTH AND PERSONAL NEEDS OF RESIDENTS. OCCUPANCY FOR THE YEAR WAS 97.48% FOR INDEPENDENT LIVING AND 92.52% FOR PERSONAL CARE.

    Expenses $7,154,483 · Grants $238,125 · Revenue $9,208,783

As filed on the 2024 return.

Listed in Part VII

  • Jeff Petty

    CHAIR

    Total calculated
    $743,540
    From this org
    $0
    From related orgs
    $717,141
    Other
    $26,399
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $532,541 related
    Bonus
    $0 + $177,400 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $12,599 related
    Filer's total
    $0 + $743,540 related

  • Dan Frost

    EXECUTIVE DIRECTOR

    Total calculated
    $198,909
    From this org
    $189,407
    From related orgs
    $0
    Other
    $9,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,407
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,404
    Nontaxable benefits
    $1,098
    Filer's total
    $198,909

  • Shelley Ballet

    SECRETARY/TREASURER

    Total calculated
    $313,236
    From this org
    $0
    From related orgs
    $291,530
    Other
    $21,706
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,280 related
    Bonus
    $0 + $42,250 related
    Other
    $0
    Deferred
    $0 + $10,495 related
    Nontaxable benefits
    $0 + $11,211 related
    Filer's total
    $0 + $313,236 related

  • Jacqueline Eldred-Smith

    SALES MANAGER

    Total calculated
    $186,694
    From this org
    $169,411
    From related orgs
    $0
    Other
    $17,283
    Hours/week
    40.08

    Schedule J breakdown matched by us

    Base
    $77,170
    Bonus
    $92,241
    Other
    $0
    Deferred
    $6,902
    Nontaxable benefits
    $10,381
    Filer's total
    $186,694

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED PARTY). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION, USING COMPARATIVE INDEPENDENT DATA. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS. THIS PROCESS WAS LAST PERFORMED IN DECEMBER 2022 AND WILL BE DONE AGAIN AT THE END OF 2024.
PART I, LINE 7
THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD.

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
2024
Filed
21 April 2025
IRS schema version
2024v5.1
Source object
202531159349300303

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