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Nonprofiteer
← ARKANSAS METHODIST MEDICAL CENTER RETIREMENT COMMUNITY INC

Form 990 for tax year 2023

Filed by ARKANSAS METHODIST MEDICAL CENTER RETIREMENT COMMUNITY INC.

Totals

Total revenue
$2,561,039
Total expenses
$2,996,454
Contributions and grants received
$1,473
Grants paid
$0
Program service revenue
$2,521,460
Investment income
$2,213
Other revenue
$35,893
Total assets, end of year
$8,030,131
Total liabilities, end of year
$12,776,886
Net assets or fund balances, end of year
-$4,746,755
Program services expenses (Part IX)
$2,584,692
Management and general expenses
$411,762
Fundraising expenses
$0
Program service expenses (Part III)
$2,584,692

Program services were 86.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,473

  • 2a · Program service revenue: RESIDENT REVENUE

    total $2,521,460 · related or exempt $2,521,460

  • 3 · Investment income

    total $2,213 · excluded $2,213

  • 11a · Other revenue: OTHER INCOME

    total $35,893 · related or exempt $35,893

  • 11e · Other revenue, total

    $35,893

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,345,355 · program services $1,084,723 · management and general $260,632

  • 8 · Pension plan contributions

    total $13,723 · program services $11,065 · management and general $2,658

  • 9 · Other employee benefits

    total $50,915 · program services $41,053 · management and general $9,862

  • 10 · Payroll taxes

    total $100,157 · program services $81,098 · management and general $19,059

  • 11c · Fees: accounting

    total $32,000 · management and general $32,000

  • 12 · Advertising and promotion

    total $2,587 · management and general $2,587

  • 13 · Office expenses

    total $918 · management and general $918

  • 16 · Occupancy

    total $123,069 · program services $123,069

  • 19 · Conferences, conventions and meetings

    total $640 · management and general $640

  • 20 · Interest

    total $345,584 · program services $345,584

  • 22 · Depreciation, depletion and amortization

    total $292,268 · program services $292,268

  • 23 · Insurance

    total $166,383 · program services $160,154 · management and general $6,229

  • 24a · Other expenses: SUPPLIES

    total $289,727 · program services $270,812 · management and general $18,915

  • 24b · Other expenses: MAINTENANCE

    total $102,828 · program services $91,827 · management and general $11,001

  • 24c · Other expenses: PROPERTY TAX

    total $56,437 · program services $56,437

  • 24d · Other expenses: OTHER FEES

    total $39,549 · program services $9,774 · management and general $29,775

  • 24e · All other expenses

    total $34,314 · program services $16,828 · management and general $17,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,030 · end of year $181,452

  • 4 · Accounts receivable

    beginning of year $9,633 · end of year $223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $627,145 · end of year $703,688

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

    $11,904,658

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

    $4,762,647

  • 10c · Land, buildings and equipment, net

    beginning of year $7,408,382 · end of year $7,142,011

  • 15 · Other assets

    beginning of year $2,855 · end of year $2,757

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,217,940 · end of year $1,593,231

  • 19 · Deferred revenue

    beginning of year $3,617 · end of year $2,321

  • 25 · Other liabilities

    beginning of year $11,298,558 · end of year $11,181,334

  • 27 · Net assets without donor restrictions

    beginning of year -$4,312,467 · end of year -$4,747,879

  • 28 · Net assets with donor restrictions

    beginning of year $1,397 · end of year $1,124

Mission and programs · 2023

Mission

THE CHATEAU ON THE RIDGE ASSISTED LIVING IS COMMITTED TO PROVIDING A LIVING ENVIRONMENT FOR SENIOR ADULTS TO CALL HOME. IT IS THE CORPORATION'S CONTINUED DESIRE TO BE THE REGION'S BEACON OF HEALTH, HOPE AND HEALING AND TO PROVIDE AN ENVIRONMENT THAT WILL ENABLE RESIDENTS TO BE AS SELF-SUFFICIENT AS POSSIBLE WHILE MEETING THEIR DAILY LIVING NEEDS. THE CORPORATION'S MISSION IS TO ENRICH THE LIVES OF ITS RESIDENTS AND PROMOTE THEIR INDEPENDENCE, HEALTH AND SOCIAL INTERACTION MAKING IT POSSIBLE FOR THEM TO LIVE EVERY DAY TO THE FULLEST.

Activities or mission (Part I)

TO PROVIDE A LIVING ENVIRONMENT FOR SENIOR ADULTS TO CALL HOME.

  • ARKANSAS METHODIST MEDICAL CENTER - CHATEAU ON THE RIDGE IS BEING DEVELOPED TO BE A COMMUNITY FOCUSED ORGANIZATION THAT PROVIDES OVERALL LEADERSHIP FOR MEETING THE HOUSING NEEDS OF THE ELDERLY IN GREENE COUNTY AND THE SURROUNDING AREAS OF NORTHEAST ARKANSAS. PROVIDED SERVICES ARE DESIGNED TO MEET THE RESIDENT'S PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

    Expenses $2,584,692 · Revenue $2,557,353

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Dudley

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Bill Fisher

    PAST CHAIRMAN - PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Josh Agee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Barbara Hamilton

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Matthew Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Sue McGowan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Neighbors

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brad Rogers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • Gene Weeks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Boggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brad Bloemer

    PRESIDENT

    Total calculated
    $222,432
    From this org
    $0
    From related orgs
    $203,707
    Other
    $18,725
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,563 related
    Nontaxable benefits
    $0 + $14,162 related
    Filer's total
    $0 + $222,432 related

  • Teresa Vangilder

    SECRETARY

    Total calculated
    $55,225
    From this org
    $0
    From related orgs
    $47,617
    Other
    $7,608
    Hours/week
    40

  • Barry Davis

    PRESIDENT

    Total calculated
    $263,376
    From this org
    $0
    From related orgs
    $249,958
    Other
    $13,418
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,958 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,962 related
    Nontaxable benefits
    $0 + $6,456 related
    Filer's total
    $0 + $263,376 related

  • Deborah Farrell

    ADMINISTRATOR

    Total calculated
    $94,450
    From this org
    $0
    From related orgs
    $86,730
    Other
    $7,720
    Hours/week
    40

  • Staci Williams

    TREASURER

    Total calculated
    $130,550
    From this org
    $0
    From related orgs
    $112,854
    Other
    $17,696
    Hours/week
    1 + 41 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AMMCSBMC MANAGEMENT LLC

    WOUND CARE SERVICES · AR

  • PARAGOULD MEDICAL PARK LLC

    MEDICAL PARK FOR PHYSICIAN OFFICES/OUTPATIENT SVCS · AR

Provenance

Return type
form_990
Tax year
2023
Filed
28 February 2025
IRS schema version
2023v6.0
Source object
202500649349300530

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