Totals
- Total revenue
- $3,435,146
- Total expenses
- $3,456,308
- Contributions and grants received
- $0
- Grants paid
- $400,000
- Program service revenue
- $3,435,146
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $4,838,695
- Total liabilities, end of year
- $3,341,111
- Net assets or fund balances, end of year
- $1,497,584
- Program services expenses (Part IX)
- $2,971,574
- Management and general expenses
- $484,734
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,971,574
Program services were 86.0% 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.
-
2a · Program service revenue: Rental Income
total $3,435,146 · related or exempt $3,435,146
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $400,000 · program services $400,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,263,354 · program services $901,264 · management and general $362,090
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,502 · management and general $4,502
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $8,970 · program services $5,349 · management and general $3,621
-
12 · Advertising and promotion
total $94,218 · program services $94,218
-
13 · Office expenses
total $177,112 · program services $115,582 · management and general $61,530
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $398,737 · program services $398,737
-
17 · Travel
total $12,708 · program services $12,434 · management and general $274
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $24,470 · program services $24,281 · management and general $189
-
20 · Interest
total $49,793 · program services $49,793
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $231,994 · program services $231,994
-
23 · Insurance
total $41,248 · management and general $41,248
-
24a · Other expenses: Food
total $489,512 · program services $489,475 · management and general $37
-
24b · Other expenses: Small Equipment Furnishings
total $11,128 · program services $159 · management and general $10,969
-
24c · Other expenses: Other Expense
total $248,562 · program services $248,288 · management and general $274
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,399 · end of year $50,667
-
2 · Savings and temporary cash investments
beginning of year $326,746 · end of year $337,577
-
9 · Prepaid expenses and deferred charges
beginning of year $27,018 · end of year $20,791
-
10a · Land, buildings and equipment: cost or other basis
$7,460,826
-
10b · Land, buildings and equipment: accumulated depreciation
$3,044,725
-
10c · Land, buildings and equipment, net
beginning of year $4,373,368 · end of year $4,429,660
-
17 · Accounts payable and accrued expenses
beginning of year $806,185 · end of year $1,230,676
-
20 · Tax-exempt bond liabilities
beginning of year $2,435,600 · end of year $2,110,435
-
27 · Net assets without donor restrictions
beginning of year $1,518,746 · end of year $1,497,584
Mission and programs · 2022
Mission
The mission of Harding Place Retirement is to provide exceptional, value-centered and cost-effective residential alternatives for older adults which meet identified needs of prospective residents.
-
Harding Place provided complete living facilities for mature individuals over 55 years of age, including meals, salon services, housekeeping, planned activities, transportation and exercise equipment.
Expenses $2,971,574 · Grants $400,000 · Revenue $3,435,146
As filed on the 2022 return.
Listed in Part VII
-
Michael Williams
President
- Total calculated
- $213,700
- From this org
- $0
- From related orgs
- $187,069
- Other
- $26,631
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $187,069 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,917 related
- Nontaxable benefits
- not reported + $9,714 related
- Filer's total
- not reported + $213,700 related
-
Tamara Hall
Secretary
- Total calculated
- $185,695
- From this org
- $0
- From related orgs
- $144,288
- Other
- $41,407
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $144,288 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $15,323 related
- Nontaxable benefits
- not reported + $26,084 related
- Filer's total
- not reported + $185,695 related
-
Bruce McLarty
President former
- Total calculated
- $109,132
- From this org
- $0
- From related orgs
- $109,132
- Other
- $0
Schedule J breakdown matched by us
- Base
- not reported + $109,132 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $109,132 related
-
David Waldron
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael Justus
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Johh Reese
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 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 survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
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
- 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
-
$400,000
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.
-
501c3 · Education · AR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349310884
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