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Nonprofiteer
← FREEPORT SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by FREEPORT SENIOR HOUSING INC.

Totals

Total revenue
$647,712
Total expenses
$726,605
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$631,713
Investment income
$7,405
Other revenue
$8,594
Total assets, end of year
$2,071,372
Total liabilities, end of year
$1,297,343
Net assets or fund balances, end of year
$774,029
Program services expenses (Part IX)
$642,444
Management and general expenses
$84,161
Fundraising expenses
$0
Program service expenses (Part III)
$642,444

Program services were 88.4% 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: GOVERNMENT CONTRACTS

    total $389,505 · related or exempt $389,505

  • 2b · Program service revenue: TENANT RENTS

    total $242,208 · related or exempt $242,208

  • 3 · Investment income

    total $7,405 · excluded $7,405

  • 11a · Other revenue: OTHER REVENUE

    total $8,594 · excluded $8,594

  • 11e · Other revenue, total

    $8,594

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $121,068 · program services $121,068

  • 8 · Pension plan contributions

    total $3,094 · program services $3,094

  • 9 · Other employee benefits

    total $41,451 · program services $41,451

  • 10 · Payroll taxes

    total $10,908 · program services $10,908

  • 11b · Fees: legal

    total $11 · program services $11

  • 11c · Fees: accounting

    total $19,543 · program services $13,063 · management and general $6,480

  • 12 · Advertising and promotion

    total $25,121 · management and general $25,121

  • 13 · Office expenses

    total $33,940 · program services $33,940

  • 16 · Occupancy

    total $35,584 · program services $35,584

  • 19 · Conferences, conventions and meetings

    total $2,530 · program services $2,530

  • 20 · Interest

    total $2 · program services $2

  • 22 · Depreciation, depletion and amortization

    total $138,953 · program services $138,953

  • 23 · Insurance

    total $45,515 · program services $45,515

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $123,533 · program services $123,533

  • 24b · Other expenses: MANAGEMENT FEE

    total $52,560 · management and general $52,560

  • 24c · Other expenses: ELDERLY AND CONGREGATE

    total $45,984 · program services $45,984

  • 24d · Other expenses: OTHER RENTING EXPENSES

    total $11,468 · program services $11,468

  • 24e · All other expenses

    total $15,340 · program services $15,340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,547 · end of year $125,389

  • 2 · Savings and temporary cash investments

    beginning of year $673,188 · end of year $691,478

  • 4 · Accounts receivable

    beginning of year $0 · end of year $977

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

    $4,111,707

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

    $2,858,179

  • 10c · Land, buildings and equipment, net

    beginning of year $1,374,060 · end of year $1,253,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,357 · end of year $128,759

  • 19 · Deferred revenue

    beginning of year $1,141,898 · end of year $1,141,898

  • 25 · Other liabilities

    beginning of year $56,618 · end of year $26,686

  • 27 · Net assets without donor restrictions

    beginning of year $852,922 · end of year $774,029

Mission and programs · 2022

Mission

FREEPORT SENIOR HOUSING, INC. IS A SERVICE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING ELDERLY INDIVIDUALS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR SPECIAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS.

Activities or mission (Part I)

HUD SUBSIDIZED HOUSING FOR THE ELDERLY.

  • PROVIDED HOUSING FOR THE ELDERLY, IN A FACILITY WITH 60 UNITS AVAILABLE FOR AFFORDABLE HOUSING.

    Expenses $642,444 · Revenue $631,713

As filed on the 2022 return.

Listed in Part VII

  • REV KATHIE BENDER SCHWICH

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • ESTHER M MACCHIONE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • JOHN T RUDY

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV YOUNGSHIM E PITCHER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV DR M WYVETTA BULLOCK

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • DONALD B ERICKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • JAMES E HARNEY

    DIRECOTR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • JUDY K DALHAUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • RON KOK-ALBLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV RHONDA L PRUITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV DR GREG BUSBOOM

    BISHOP/EX OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV STACIE FIDLAR

    BISHOP/EX OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • REV YEHIEL CURRY

    BISHOP/EX OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 2.8 related

  • MARK A STUTRUD

    CEO

    Total calculated
    $821,672
    From this org
    $0
    From related orgs
    $758,395
    Other
    $63,277
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,424 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $409,971 related
    Deferred
    $0 + $44,979 related
    Nontaxable benefits
    $0 + $18,298 related
    Filer's total
    $0 + $821,672 related

  • LISA SROGA

    VP FINANCE/CFO

    Total calculated
    $202,748
    From this org
    $0
    From related orgs
    $199,395
    Other
    $3,353
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,867 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $4,528 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,353 related
    Filer's total
    $0 + $202,748 related

  • DOTTIE GARRITY - EXEC DIR

    STRATEGIC INFORMATION (TERM. 09/2022)

    Total calculated
    $128,673
    From this org
    $0
    From related orgs
    $120,681
    Other
    $7,992
    Hours/week
    0.2 + 39.8 related

  • DAVID K WILDS

    DIR OF TREASURY SERVICES

    Total calculated
    $0
    Hours/week
    0.2 + 39.8 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

  • 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 3
ALL OFFICERS ARE EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS (LSSI), A RELATED ORGANIZATION. LSSI USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE; WRITTEN EMPLOYMENT CONTRACT; AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
MARK STUTRUD, CEO OF LSSI, IS ENTITLED TO BENEFITS UNDER A 457F PLAN MAINTAINED BY LSSI. DURING FY23, THE AMOUNT ACCRUED WAS $44,979 AND MARK RECEIVED A PAYOUT OF $400,000.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
19 December 2023
IRS schema version
2022v5.0
Source object
202343549349301214

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