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Nonprofiteer
← RIVERSIDE AT MOORINGS PARK INCORPORATED

Form 990 for tax year 2023

Filed by RIVERSIDE AT MOORINGS PARK INCORPORATED.

Totals

Total revenue
$3,894,125
Total expenses
$1,411,843
Contributions and grants received
$2,764,000
Grants paid
$1,200,000
Program service revenue
$0
Investment income
$477,208
Other revenue
$652,917
Total assets, end of year
$72,468,171
Total liabilities, end of year
$51,559
Net assets or fund balances, end of year
$72,416,612
Program services expenses (Part IX)
$1,411,843
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,411,843

Program services were 100.0% 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

    $2,764,000

  • 3 · Investment income

    total $477,208 · excluded $477,208

  • 6a · Gross rents

    real property $1,267,456

  • 6b · Less rental expenses

    real property $614,539

  • 6c · Rental income or loss

    real property $652,917

  • 6d · Net rental income or loss

    total $652,917 · excluded $652,917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,200,000 · program services $1,200,000

  • 11b · Fees: legal

    total $8,859 · program services $8,859

  • 11c · Fees: accounting

    total $10,840 · program services $10,840

  • 11f · Fees: investment management

    total $4,078 · program services $4,078

  • 11g · Fees: other

    total $39,595 · program services $39,595

  • 21 · Payments to affiliates

    total $49,613 · program services $49,613

  • 24a · Other expenses: ANCILLARY EXPENSES

    total $54,701 · program services $54,701

  • 24b · Other expenses: SUPPLIES

    total $27,727 · program services $27,727

  • 24c · Other expenses: UTILITIES

    total $16,430 · program services $16,430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,101 · end of year $588,417

  • 4 · Accounts receivable

    beginning of year $0 · end of year $3,643

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,333 · end of year $16,398

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

    $27,942,669

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

    $1,364,494

  • 10c · Land, buildings and equipment, net

    beginning of year $26,922,567 · end of year $26,578,175

  • 11 · Investments: publicly traded securities

    beginning of year $26,484,141 · end of year $34,509,998

  • 15 · Other assets

    beginning of year $9,600,000 · end of year $10,771,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,141 · end of year $46,595

  • 25 · Other liabilities

    beginning of year $799,439 · end of year $4,964

  • 27 · Net assets without donor restrictions

    beginning of year $62,212,562 · end of year $72,416,612

Mission and programs · 2023

Mission

TO ESTABLISH, OWN AND ADMINISTER RESIDENTIAL PROPERTY DESIGNED TO ACCOMMODATE THE PHYSICAL, SOCIAL, SPIRITUAL, EMOTIONAL, RECREATIONAL AND OTHER SIMILAR NEEDS OF AGED PERSONS; DEVELOP RESOURCES TO ENHANCE AND SUPPORT PROGRAMS FOR THE SPECIALIZED NEEDS OF AGED PERSONS; PARTICIPATE, SO FAR AS CIRCUMSTANCES WARRANT, IN ANY ACTIVITY DESIGNED AND CARRIED ON TO PROMOTE THE GENERAL MENTAL, PHYSICAL AND SPIRITUAL HEALTH OF THE RESIDENTS OF THE COMMUNITY SERVED AND SECURING, RAISING AND ARRANGING CAPITAL TO PROVIDE FOR THE DEVELOPMENT, IMPLEMENTATION AND SUPPORT OF SUCH FACILITIES, PROGRAMS AND SERVICES CONSISTENT WITH PURPOSES OF THE ORGANIZATION.

Activities or mission (Part I)

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES.

  • ORGANIZED FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES.

    Expenses $1,411,843 · Grants $1,200,000

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

Listed in Part VII

  • Daniel J Lavender

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $649,916
    From this org
    $0
    From related orgs
    $616,495
    Other
    $33,421
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $540,180 related
    Bonus
    $0 + $52,525 related
    Other
    $0 + $23,790 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $13,621 related
    Filer's total
    $0 + $649,916 related

  • Ross Dickmann

    CHIEF OPERATING OFFICER

    Total calculated
    $408,210
    From this org
    $0
    From related orgs
    $381,276
    Other
    $26,934
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,088 related
    Bonus
    $0 + $31,636 related
    Other
    $0 + $22,552 related
    Deferred
    $0 + $16,026 related
    Nontaxable benefits
    $0 + $10,908 related
    Filer's total
    $0 + $408,210 related

  • Mary Morton CPA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $365,200
    From this org
    $0
    From related orgs
    $334,744
    Other
    $30,456
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,954 related
    Bonus
    $0 + $32,969 related
    Other
    $0 + $12,821 related
    Deferred
    $0 + $17,475 related
    Nontaxable benefits
    $0 + $12,981 related
    Filer's total
    $0 + $365,200 related

  • Thomas Taylor

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dudley Goodlette

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Clark Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Wynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE ORGANIZATION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN ESTABLISHED UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR ITS CHIEF EXECUTIVE OFFICER, TO WHICH THE ORGANIZATION MAKES CONTRIBUTIONS. DURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION CONTRIBUTED $100,000 TO THE PLAN.
PART I, LINE 3
THE ORGANIZATION MAINTAINS A WRITTEN COMPENSATION PHILOSOPHY FOR ALL EMPLOYEES, INCLUDING TOP MANAGEMENT OFFICIALS, THAT ADDRESSES ALL ELEMENTS OF COMPENSATION, INCLUDING MERIT BONUSES. THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE, WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS, IS CHARGED WITH MANAGING THE PROCESS AND REPORTING TO THE BOARD. THE CHAIR OF THE BOARD IS RESPONSIBLE FOR CONDUCTING THE ANNUAL PERFORMANCE REVIEW OF THE CEO AND THE CEO IS RESPONSIBLE FOR CONDUCTING THE ANNUAL PERFORMANCE REVIEWS OF ALL OTHER TOP MANAGEMENT OFFICIALS. A MERIT BONUS FOR CERTAIN MANAGEMENT MAY BE APPROVED BASED ON PERFORMANCE CRITERIA AND GOALS. THE COMPENSATION OF EACH OF THE TOP MANAGEMENT OFFICIALS IS REVIEWED BY THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE USING COMPARATIVE DATA. IN ADDITION, DURING 2023, THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE RECEIVED A REPORT FROM AN INDEPENDENT COMPENSATION CONSULTANT REGARDING EXECUTIVE COMPENSATION.
PART II, (B)(III):
INCLUDES VESTED AMOUNTS OF CONTRIBUTIONS PREVIOUSLY MADE TO A 457(B) PLAN.

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

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.

  • RIVERSIDE HOUSING LLC

    WORKFORCE HOUSING · FL · income $933,080 · assets $10,935,842

    Directly controlled by RIVERSIDE AT MOORINGS PARK INCORPORATED

  • I2 INSURANCE LLC

    CAPTIVE INSURER · SC · income -$18,241 · assets $2,352,397

    Directly controlled by RIVERSIDE AT MOORINGS PARK INCORPORATED

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202402129349300900

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