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Nonprofiteer
← LANTERN HILL INC

Form 990 for tax year 2024

Filed by LANTERN HILL INC.

Totals

Total revenue
$49,571,543
Total expenses
$56,425,080
Contributions and grants received
$408,481
Grants paid
$9,000
Program service revenue
$48,461,136
Investment income
$439,697
Other revenue
$262,229
Total assets, end of year
$249,208,597
Total liabilities, end of year
$285,555,750
Net assets or fund balances, end of year
-$36,347,153
Program services expenses (Part IX)
$48,697,211
Management and general expenses
$7,724,584
Fundraising expenses
$3,285
Program service expenses (Part III)
$48,697,211

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

    $408,481

  • 1g · Noncash contributions included above

    $7,627

  • 2a · Program service revenue: RESIDENT FEES

    total $42,191,970 · related or exempt $42,191,970

  • 2b · Program service revenue: RESIDENT DEPOSITS

    total $5,277,252 · related or exempt $5,277,252

  • 2c · Program service revenue: ANCILLARY FEES

    total $988,441 · related or exempt $988,441

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $3,473 · related or exempt $3,473

  • 3 · Investment income

    total $380,819 · excluded $380,819

  • 6a · Gross rents

    real property $262,229

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $262,229

  • 6d · Net rental income or loss

    total $262,229 · excluded $262,229

  • 7a · Gross sales of assets other than inventory

    securities $26,878 · other assets $32,000

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $26,878 · other assets $32,000

  • 7d · Net gain or loss

    total $58,878 · excluded $58,878

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 5 · Compensation of officers, directors and key employees

    total $734,083 · management and general $734,083

  • 7 · Other salaries and wages

    total $15,555,593 · program services $13,048,682 · management and general $2,506,911

  • 8 · Pension plan contributions

    total $250,748 · program services $200,195 · management and general $50,553

  • 9 · Other employee benefits

    total $2,123,932 · program services $1,685,054 · management and general $438,878

  • 10 · Payroll taxes

    total $1,548,410 · program services $1,314,629 · management and general $233,781

  • 11a · Fees: management

    total $1,898,882 · program services $1,898,882

  • 11b · Fees: legal

    total $338,247 · program services $1,254 · management and general $336,993

  • 11c · Fees: accounting

    total $68,207 · management and general $68,207

  • 11f · Fees: investment management

    total $15,876 · management and general $15,876

  • 11g · Fees: other

    total $2,709,737 · management and general $2,709,737

  • 12 · Advertising and promotion

    total $1,770,407 · program services $1,770,407

  • 13 · Office expenses

    total $3,437,853 · program services $3,016,048 · management and general $420,655 · fundraising $1,150

  • 16 · Occupancy

    total $5,806,050 · program services $5,805,050 · management and general $1,000

  • 17 · Travel

    total $105,600 · program services $53,328 · management and general $51,949 · fundraising $323

  • 20 · Interest

    total $10,294,225 · program services $10,294,225

  • 22 · Depreciation, depletion and amortization

    total $6,908,281 · program services $6,908,281

  • 23 · Insurance

    total $474,189 · program services $474,189

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $1,874,652 · program services $1,837,649 · management and general $37,003

  • 24b · Other expenses: RESIDENT RELATIONS

    total $260,711 · program services $139,941 · management and general $118,958 · fundraising $1,812

  • 24c · Other expenses: CHARITY CARE

    total $240,397 · program services $240,397

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,382,369 · end of year $13,168,135

  • 4 · Accounts receivable

    beginning of year $851,479 · end of year $593,565

  • 7 · Other notes and loans receivable

    beginning of year $4,880,850 · end of year $3,524,100

  • 8 · Inventories for sale or use

    beginning of year $45,770 · end of year $36,903

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,438 · end of year $172,289

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

    $11,682,469

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

    $6,619,861

  • 10c · Land, buildings and equipment, net

    beginning of year $3,718,651 · end of year $5,062,608

  • 11 · Investments: publicly traded securities

    beginning of year $1,492,979 · end of year $1,288,616

  • 12 · Investments: other securities

    beginning of year $7,291,025

  • 15 · Other assets

    beginning of year $225,561,118 · end of year $225,362,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,744,160 · end of year $3,241,530

  • 21 · Escrow or custodial account liability

    beginning of year $635,200 · end of year $327,000

  • 23 · Secured mortgages and notes payable

    beginning of year $5,824,269 · end of year $3,841,899

  • 25 · Other liabilities

    beginning of year $267,812,162 · end of year $278,145,321

  • 27 · Net assets without donor restrictions

    beginning of year -$31,316,403 · end of year -$38,035,429

  • 28 · Net assets with donor restrictions

    beginning of year $1,649,291 · end of year $1,688,276

Mission and programs · 2024

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - LANTERN HILL, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Activities or mission (Part I)

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

  • LANTERN HILL PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 430 INDEPENDENT LIVING UNITS, 42 ASSISTED LIVING UNITS AND 40 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

    Expenses $48,697,211 · Grants $9,000 · Revenue $48,461,136

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PATRICIA BROWN

    CHAIR & PRESIDENT

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    1.3 + 7.7 related

  • BARBARA BISGAIER

    VICE CHAIR & VICE PRESIDENT

    Total calculated
    $110,000
    From this org
    $0
    From related orgs
    $110,000
    Other
    $0
    Hours/week
    0.5 + 8.4 related

  • MARY COLINS

    SECRETARY

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    0.1 + 12 related

  • EILEEN ERSTAD

    TREASURER

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    0.1 + 21.2 related

  • IAN BROWN

    DIRECTOR

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    0.1 + 7.8 related

  • KATHERINE CLUPPER

    DIRECTOR (BEG 4/1/24)

    Total calculated
    $65,000
    From this org
    $0
    From related orgs
    $65,000
    Other
    $0
    Hours/week
    0.1 + 6.9 related

  • ZINA JACQUE

    DIRECTOR

    Total calculated
    $172,500
    From this org
    $0
    From related orgs
    $172,500
    Other
    $0
    Hours/week
    0.1 + 13 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $172,500 related

  • MONTY LEONARD

    DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    0.1 + 10.3 related

  • MARY MOSCATO

    DIRECTOR (BEG 4/1/24)

    Total calculated
    $65,000
    From this org
    $0
    From related orgs
    $65,000
    Other
    $0
    Hours/week
    0.1 + 7.2 related

  • PAMELA PAULK

    DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    0.1 + 8.8 related

  • STEPHANIE REEL

    DIRECTOR

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    0.1 + 13.9 related

  • MIKE ROSKIEWICZ

    DIRECTOR

    Total calculated
    $135,000
    From this org
    $0
    From related orgs
    $135,000
    Other
    $0
    Hours/week
    0.1 + 15.3 related

  • RUSSELL SHARP

    DIRECTOR

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    0.1 + 8.9 related

  • TERRY COX

    RESIDENT DIRECTOR (THRU 3/31/24)

    Total calculated
    $0
    Hours/week
    0.2

  • DAVID MOLLEN

    RESIDENT DIRECTOR (BEG 4/1/24)

    Total calculated
    $0
    Hours/week
    0.2

  • CHRIS RATHMANN

    ASSISTANT TREASURER (THRU 3/31/24)

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • PAMELA STINER

    ASSISTANT TREASURER (BEG 4/1/24)

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • JOHN HALL

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • MARK EMBLEY

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • NEAL GANTERT

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • SCOTT SAWICKI

    ASSISTANT SECRETARY (BEG 4/1/24)

    Total calculated
    $344,732
    From this org
    $0
    From related orgs
    $307,034
    Other
    $37,698
    Hours/week
    0.3 + 45.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,472 related
    Bonus
    $0 + $50,562 related
    Other
    $0
    Deferred
    $0 + $25,180 related
    Nontaxable benefits
    $0 + $12,518 related
    Filer's total
    $0 + $344,732 related

  • CRAIG KARCZMER

    EXECUTIVE DIRECTOR (THRU 10/3/24)

    Total calculated
    $311,582
    From this org
    $290,692
    From related orgs
    $0
    Other
    $20,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,948
    Bonus
    $40,700
    Other
    $66,044
    Deferred
    $9,614
    Nontaxable benefits
    $11,276
    Filer's total
    $311,582

  • TODD DELANEY

    EXECUTIVE DIRECTOR (BEG 10/3/24)

    Total calculated
    $322,099
    From this org
    $74,485
    From related orgs
    $223,453
    Other
    $24,161
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $56,282 + $168,845 related
    Bonus
    $12,292 + $36,875 related
    Other
    $5,911 + $17,733 related
    Deferred
    $2,475 + $7,425 related
    Nontaxable benefits
    $3,565 + $10,696 related
    Filer's total
    $80,525 + $241,574 related

  • JOSEPH PISANO

    DIRECTOR, FINANCE (BEG 3/8/24)

    Total calculated
    $207,906
    From this org
    $151,391
    From related orgs
    $30,278
    Other
    $26,237
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $135,354 + $27,071 related
    Bonus
    $14,167 + $2,833 related
    Other
    $1,870 + $374 related
    Deferred
    $4,981 + $996 related
    Nontaxable benefits
    $16,883 + $3,377 related
    Filer's total
    $173,255 + $34,651 related

  • LINDA BECHTOLD

    DIRECTOR, NURSING

    Total calculated
    $168,721
    From this org
    $153,133
    From related orgs
    $0
    Other
    $15,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,121
    Bonus
    $15,922
    Other
    $1,090
    Deferred
    $4,617
    Nontaxable benefits
    $10,971
    Filer's total
    $168,721

  • JACK WALSH

    MANAGER, SALES

    Total calculated
    $137,421
    From this org
    $137,022
    From related orgs
    $0
    Other
    $399
    Hours/week
    40

  • TERRI CAMPBELL

    HEALTH CARE COUNSELOR

    Total calculated
    $134,212
    From this org
    $123,470
    From related orgs
    $0
    Other
    $10,742
    Hours/week
    40

  • MARISSA DELATORRE

    MDS COORDINATOR

    Total calculated
    $127,620
    From this org
    $123,411
    From related orgs
    $0
    Other
    $4,209
    Hours/week
    40

  • CARLOS AGUILERA

    SALES COUNSELOR

    Total calculated
    $128,853
    From this org
    $119,066
    From related orgs
    $0
    Other
    $9,787
    Hours/week
    40

  • KAREN CAMPBELL

    INFECTION PREVENTIONIST

    Total calculated
    $125,964
    From this org
    $115,790
    From related orgs
    $0
    Other
    $10,174
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 4A
CRAIG KARCZMER RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN BIII. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST.
PART I, LINE 7
THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR.
SCHEDULE J
CRAIG KARCZMER, TODD DELANEY, AND JOSEPH PISANO ARE LISTED IN SCHEDULE J, PART II AND ARE EMPLOYEES OF ERICKSON SENIOR LIVING, LLC ("ESL"), AN UNRELATED ORGANIZATION TO LANTERN HILL, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN LANTERN HILL, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, LANTERN HILL, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR LANTERN HILL, INC.

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.

  • ANN'S CHOICE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • ASHBY PONDS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • AVERY POINT INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BETHESDA NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BROOKSBY VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • CEDAR CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • EAGLE'S TRACE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • FOX RUN VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • GREENSPRING VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • HIGHLAND SPRINGS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • LINDEN PONDS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MARIS GROVE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MATTHEWS NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • NATIONAL SENIOR COMMUNITIES INC

    501(C)(3) · SUPPORTING ORGANIZATION · MD

  • OAK CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • RIDERWOOD VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • SEABROOK VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • TALLGRASS CREEK INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • WIND CREST INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • WOODLEIGH CHASE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202542949349301719

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