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Nonprofiteer
← PRESBYTERIAN RETIREMENT VILLAGE OF RAPID CITY INC

Form 990 for tax year 2024

Filed by PRESBYTERIAN RETIREMENT VILLAGE OF RAPID CITY INC.

Totals

Total revenue
$31,062,544
Total expenses
$24,519,131
Contributions and grants received
$518,917
Grants paid
$0
Program service revenue
$26,314,924
Investment income
$4,228,703
Other revenue
$0
Total assets, end of year
$158,688,153
Total liabilities, end of year
$63,794,486
Net assets or fund balances, end of year
$94,893,667
Program services expenses (Part IX)
$20,415,466
Management and general expenses
$4,103,665
Fundraising expenses
$0
Program service expenses (Part III)
$20,415,466

Program services were 83.3% 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.

  • 1d · Related organizations

    $181,038

  • 1e · Government grants (contributions)

    $75,144

  • 1f · All other contributions, gifts and grants

    $262,735

  • 2a · Program service revenue: RESIDENT FEES

    total $26,283,960 · related or exempt $26,283,960

  • 2b · Program service revenue: STORE REVENUE

    total $30,964 · related or exempt $30,964

  • 3 · Investment income

    total $3,062,698 · excluded $3,062,698

  • 7a · Gross sales of assets other than inventory

    securities $50,769,987

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

    securities $49,600,200 · other assets $3,782

  • 7c · Gain or loss

    securities $1,169,787 · other assets -$3,782

  • 7d · Net gain or loss

    total $1,166,005 · excluded $1,166,005

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $726,766 · program services $595,948 · management and general $130,818

  • 7 · Other salaries and wages

    total $8,992,361 · program services $7,373,736 · management and general $1,618,625

  • 8 · Pension plan contributions

    total $277,783 · program services $161,875 · management and general $115,908

  • 9 · Other employee benefits

    total $2,124,692 · program services $1,786,170 · management and general $338,522

  • 10 · Payroll taxes

    total $758,454 · program services $637,101 · management and general $121,353

  • 11b · Fees: legal

    total $13,477 · management and general $13,477

  • 11c · Fees: accounting

    total $48,374 · management and general $48,374

  • 11f · Fees: investment management

    total $282,917 · management and general $282,917

  • 11g · Fees: other

    total $1,750,828 · program services $1,733,320 · management and general $17,508

  • 12 · Advertising and promotion

    total $148,362 · program services $126,108 · management and general $22,254

  • 13 · Office expenses

    total $195,498 · program services $21,617 · management and general $173,881

  • 14 · Information technology

    total $1,274,816 · program services $854,127 · management and general $420,689

  • 16 · Occupancy

    total $1,399,084 · program services $1,272,586 · management and general $126,498

  • 17 · Travel

    total $38,667 · program services $37,507 · management and general $1,160

  • 19 · Conferences, conventions and meetings

    total $51,137 · program services $34,262 · management and general $16,875

  • 20 · Interest

    total $1,102,576 · program services $551,288 · management and general $551,288

  • 22 · Depreciation, depletion and amortization

    total $2,575,473 · program services $2,549,718 · management and general $25,755

  • 23 · Insurance

    total $729,719 · program services $722,422 · management and general $7,297

  • 24a · Other expenses: MEDICAL & DEPT. SUPPLIES

    total $1,999,745 · program services $1,939,753 · management and general $59,992

  • 24b · Other expenses: SALES TAX

    total $18,570 · program services $17,827 · management and general $743

  • 24c · Other expenses: BAD DEBT

    total $9,580 · management and general $9,580

  • 24d · Other expenses: MISCELLANEOUS

    total $252 · program services $101 · management and general $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,303,696 · end of year $836,971

  • 2 · Savings and temporary cash investments

    beginning of year $248,372 · end of year $252,544

  • 4 · Accounts receivable

    beginning of year $1,902,912 · end of year $1,887,495

  • 8 · Inventories for sale or use

    beginning of year $94,794 · end of year $75,854

  • 9 · Prepaid expenses and deferred charges

    beginning of year $358,240 · end of year $131,324

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

    $100,495,071

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

    $47,006,656

  • 10c · Land, buildings and equipment, net

    beginning of year $44,739,341 · end of year $53,488,415

  • 11 · Investments: publicly traded securities

    beginning of year $98,720,292 · end of year $102,015,550

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,929,001 · end of year $9,782,103

  • 19 · Deferred revenue

    beginning of year $27,337,955 · end of year $27,853,724

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,132,170 · end of year $26,158,659

  • 27 · Net assets without donor restrictions

    beginning of year $84,968,521 · end of year $94,893,667

Mission and programs · 2024

Mission

THE SOLE PROGRAM SERVICE OF THIS ORGANIZATION IS TO MAINTAIN AND OPERATE A CAMPUS AND RETIREMENT COMMUNITY TO PROVIDE CARE TO THE ELDERLY, INCLUDING HOUSING, NURSING, CULTURAL, AND RECREATIONAL SERVICES.

Activities or mission (Part I)

TO MAINTAIN AND OPERATE A CAMPUS AND RETIREMENT COMMUNITY TO PROVIDE CARE TO THE ELDERLY, INCLUDING HOUSING, NURSING, CULTURAL AND RECREATIONAL SERVICES.

  • WESTHILLS VILLAGE RETIREMENT COMMUNITY IS AN ECONOMICAL CONTINUING CARE COMMUNITY, PROVIDING GRACIOUS AND SECURE RETIREMENT LIVING IN A PLEASANT ENVIRONMENT AT A REASONABLE COST. ITS PURPOSE IS TO ENABLE RESIDENTS TO USE THEIR GIFTS FULLY, LIVE THEIR LIVES RICHLY, AND TO MAKE THE BEST OF THE YEARS THAT GOD HAS GIVEN THEM. WESTHILLS VILLAGE OFFERS CHOICES FOR INDEPENDENT SENIOR LIVING, ASSISTED LIVING, AND HEALTH CARE SERVICES. BEING INNOVATIVE AND MAINTAINING THE HIGHEST STANDARDS ENCOURAGES MEANINGFUL AND COMFORTABLE LIVING WITHOUT FORFEITING PRIVACY AND DIGNITY. WESTHILLS MINISTERS TO THE PHYSICAL, MENTAL, SOCIAL, AND SPIRITUAL REQUIREMENTS OF EACH INDIVIDUAL. WESTHILLS CONTINUES TO TAKE A LEADERSHIP ROLE IN ASSESSING THE RETIREMENT AND HEALTH CARE NEEDS OF THE COMMUNITY AT LARGE. RESPONDING TO THOSE NEEDS ENHANCES THE STATUS AND IMAGE OF WESTHILLS WHILE IMPROVING THE COMMUNITY'S QUALITY OF LIFE. WESTHILLS HAS A 44 BED HEALTH CARE UNIT AND A 52 BED HEALTH CARE UNIT, NEARLY 230 INDEPENDENT LIVING UNITS ALONG WITH A COMMONS AREA FOR RESIDENTS, AND 44 ASSISTED LIVING APARTMENTS. DURING 2025, WESTHILLS VILLAGE BEGAN CONSTRUCTION OF 36 ADDITIONAL INDEPENDENT LIVING UNITS IN THE FORM OF 18 TOWNHOMES. THESE ARE ANTICIPATED TO BE COMPLETED IN EARLY 2027.

    Expenses $20,415,466 · Revenue $26,314,924

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

Listed in Part VII

  • Daryl Reinicke

    DIR PROJECT

    Total calculated
    $334,208
    From this org
    $293,447
    From related orgs
    $0
    Other
    $40,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,447
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,881
    Nontaxable benefits
    $22,880
    Filer's total
    $334,208

  • Tyler Donahue

    CEO

    Total calculated
    $218,849
    From this org
    $193,427
    From related orgs
    $0
    Other
    $25,422
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $193,427
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,674
    Nontaxable benefits
    $20,748
    Filer's total
    $218,849

  • Leah Bifulco

    CFO

    Total calculated
    $153,090
    From this org
    $117,814
    From related orgs
    $0
    Other
    $35,276
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $117,814
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,478
    Nontaxable benefits
    $27,798
    Filer's total
    $153,090

  • Joann Widrig

    DIRECTOR OF

    Total calculated
    $147,590
    From this org
    $117,318
    From related orgs
    $0
    Other
    $30,272
    Hours/week
    40

  • Jody Bailly

    HOME CARE DI

    Total calculated
    $136,817
    From this org
    $109,115
    From related orgs
    $0
    Other
    $27,702
    Hours/week
    40

  • Andrea Knoll

    DIRECTOR

    Total calculated
    $134,906
    From this org
    $109,429
    From related orgs
    $0
    Other
    $25,477
    Hours/week
    40

  • Maryann Petrotto

    HUMAN RESOUR

    Total calculated
    $128,580
    From this org
    $101,480
    From related orgs
    $0
    Other
    $27,100
    Hours/week
    40

  • Kelsey Bertsch

    ADMINISTRATO

    Total calculated
    $124,133
    From this org
    $118,188
    From related orgs
    $0
    Other
    $5,945
    Hours/week
    40

  • Doug Jackson

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Chris Kilpatrick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Molly Moore

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    2

  • Craig Pfeifle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mike Pogany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Knudson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kassie McKie Shiffermiller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Brad Archer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Helene Duhamel Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.0
Source object
202600339349301815

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