Skip to content
Nonprofiteer
← ILLUMINUS RETIREMENT COMMUNITIES INC

Form 990 for tax year 2022

Filed by ILLUMINUS RETIREMENT COMMUNITIES INC.

Totals

Total revenue
$107,296
Total expenses
$149,076
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$107,296
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,564,948
Total liabilities, end of year
$4,608,789
Net assets or fund balances, end of year
-$43,841
Program services expenses (Part IX)
$131,252
Management and general expenses
$17,824
Fundraising expenses
$0
Program service expenses (Part III)
$131,252

Program services were 88.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $107,296 · related or exempt $107,296

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,206 · management and general $7,206

  • 11c · Fees: accounting

    total $2,065 · management and general $2,065

  • 11g · Fees: other

    total $13,906 · program services $13,906

  • 13 · Office expenses

    total $2,341 · program services $2,341

  • 16 · Occupancy

    total $59,498 · program services $59,498

  • 20 · Interest

    total $6,888 · management and general $6,888

  • 22 · Depreciation, depletion and amortization

    total $55,507 · program services $55,507

  • 24a · Other expenses: DUES/FEES/SUBSCRIPTIONS

    total $1,665 · management and general $1,665

Balance sheet

Part X, book values.

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

    $3,870,455

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

    $55,507

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $3,814,948

  • 12 · Investments: other securities

    beginning of year $750,000 · end of year $750,000

  • 17 · Accounts payable and accrued expenses

    end of year $114,742

  • 25 · Other liabilities

    beginning of year $752,061 · end of year $4,494,047

  • 27 · Net assets without donor restrictions

    beginning of year -$2,061 · end of year -$43,841

Mission and programs · 2022

Mission

TO CREATE A VIBRANT HEALTH AND HOSPITALITY-BASED COMMUNITY WHERE RESIDENTS EXPERIENCE A RETIREMENT LIFESTYLE THAT ENRICHES THEIR MIND, BODY AND SPIRIT AND PROVIDES SECURITY THROUGH A CONTINUUM OF SERVICES AND CARE.

Activities or mission (Part I)

TO DEVELOP A COMMUNITY THAT PROVIDES A VARIETY OF INDEPENDENT LIVING ARRANGEMENTS AND OFFERS A CONTINUUM OF WELLNESS AND ASSISTANCE-IN-LIVING PROGRAMS.

  • THE PRIMARY CONCEPT OF THE HILLS AT CORTLAND RIDGE WAS TO DEVELOP A COMMUNITY THAT PROVIDES A VARIETY OF INDEPENDENT LIVING ARRANGEMENTS AND OFERS A CONTINUUM OF WELLNESS AND ASSISTANCE-IN-LIVING PROGRAMS.

    Expenses $131,252 · Revenue $107,296

As filed on the 2022 return.

Listed in Part VII

  • Michael Libby

    COO

    Total calculated
    $326,635
    From this org
    $0
    From related orgs
    $290,278
    Other
    $36,357
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,557 related
    Bonus
    $0 + $24,721 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,357 related
    Filer's total
    $0 + $326,635 related

  • Nicole Chwala

    CFO

    Total calculated
    $164,057
    From this org
    $0
    From related orgs
    $164,057
    Other
    $0
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,873 related
    Bonus
    $0 + $16,184 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $164,057 related

  • Matthew Mauthe

    CEO

    Total calculated
    $556,998
    From this org
    $0
    From related orgs
    $516,650
    Other
    $40,348
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,088 related
    Bonus
    $0 + $68,562 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,348 related
    Filer's total
    $0 + $556,998 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MARQUARDT INVESTMENTS INC

    C · INVESTMENTS · WI

    Directly controlled by MARQUARDT VILLAGE

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349315906

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

The source document this was parsed from is served over the API, which is where bulk and document access live.