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← ILLUMINUS RETIREMENT COMMUNITIES INC

Form 990 for tax year 2023

Filed by ILLUMINUS RETIREMENT COMMUNITIES INC.

Totals

Total revenue
$65,337
Total expenses
$605,491
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$65,337
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,673,756
Total liabilities, end of year
$6,427,353
Net assets or fund balances, end of year
-$753,597
Program services expenses (Part IX)
$438,890
Management and general expenses
$166,601
Fundraising expenses
$0
Program service expenses (Part III)
$438,890

Program services were 72.5% 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 $65,337 · related or exempt $65,337

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,196 · program services $20,196

  • 11a · Fees: management

    total $35,805 · program services $35,805

  • 11b · Fees: legal

    total $28,014 · management and general $28,014

  • 11c · Fees: accounting

    total $623 · management and general $623

  • 11g · Fees: other

    total $25,025 · program services $25,025

  • 13 · Office expenses

    total $46,340 · program services $43,232 · management and general $3,108

  • 14 · Information technology

    total $34,068 · program services $34,068

  • 16 · Occupancy

    total $226,680 · program services $158,561 · management and general $68,119

  • 19 · Conferences, conventions and meetings

    total $345 · management and general $345

  • 20 · Interest

    total $65,247 · management and general $65,247

  • 22 · Depreciation, depletion and amortization

    total $113,704 · program services $113,704

  • 23 · Insurance

    total $3,189 · program services $3,189

  • 24a · Other expenses: SUPPLIES

    total $5,110 · program services $5,110

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

    total $1,145 · management and general $1,145

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $2,929

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

    $4,595,228

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

    $224,401

  • 10c · Land, buildings and equipment, net

    beginning of year $3,814,948 · end of year $4,370,827

  • 12 · Investments: other securities

    beginning of year $750,000 · end of year $1,300,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,742 · end of year $113,806

  • 25 · Other liabilities

    beginning of year $4,494,047 · end of year $6,313,547

  • 27 · Net assets without donor restrictions

    beginning of year -$43,841 · end of year -$753,597

Mission and programs · 2023

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 $438,890 · Revenue $65,337

As filed on the 2023 return.

Listed in Part VII

  • Michael Libby

    COO

    Total calculated
    $294,512
    From this org
    $0
    From related orgs
    $255,495
    Other
    $39,017
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,339 related
    Bonus
    $0 + $4,648 related
    Other
    $0 + $20,508 related
    Deferred
    $0 + $8,662 related
    Nontaxable benefits
    $0 + $30,355 related
    Filer's total
    $0 + $294,512 related

  • Nicole Chwala

    CFO

    Total calculated
    $318,388
    From this org
    $0
    From related orgs
    $284,971
    Other
    $33,417
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,921 related
    Bonus
    $0 + $4,648 related
    Other
    $0 + $4,402 related
    Deferred
    $0 + $7,722 related
    Nontaxable benefits
    $0 + $25,695 related
    Filer's total
    $0 + $318,388 related

  • Matthew Mauthe

    CEO

    Total calculated
    $658,445
    From this org
    $0
    From related orgs
    $626,375
    Other
    $32,070
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $573,965 related
    Bonus
    $0 + $31,875 related
    Other
    $0 + $20,535 related
    Deferred
    $0 + $8,325 related
    Nontaxable benefits
    $0 + $23,745 related
    Filer's total
    $0 + $658,445 related

  • Terry Schleif

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kim Suhs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jim Fett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mike Krolcyk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 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

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATIONS USE THE FOLLOWING TO ESTABLISH THE COMPENSATION OF INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY THE CEO/EXECUTIVE DIRECTOR: FORM 990 OF OTHER ORGANIZATIONS APPROVAL BY THE BOARD OF 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LINDENGROVE COMMUNITIES

    SKILLED NURSING AND ASSITED LIVING · WI · income $0 · assets $0

  • MMS CHAPEL VALLEY LLC

    PROPERTY MANAGEMENT · WI · income $0 · assets $0

  • MMS TRIVERTON LLC

    PROPERTY MANAGEMENT · WI · income $0 · assets $0

  • MV21 LLC

    INDEPENDENT LIVING DUPLEXES · WI · income $0 · assets $0

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349313794

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