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Nonprofiteer
← WOLDENBERG VILLAGE INC

Form 990 for tax year 2023

Filed by WOLDENBERG VILLAGE INC.

Totals

Total revenue
$16,977,578
Total expenses
$18,412,913
Contributions and grants received
$0
Grants paid
$18,531
Program service revenue
$16,202,737
Investment income
$45,688
Other revenue
$729,153
Total assets, end of year
$24,331,334
Total liabilities, end of year
$7,544,729
Net assets or fund balances, end of year
$16,786,605
Program services expenses (Part IX)
$18,392,128
Management and general expenses
$20,785
Fundraising expenses
$0
Program service expenses (Part III)
$18,392,128

Program services were 99.9% 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: NURSING AND RESIDENTIAL CARE

    total $12,435,231 · related or exempt $12,435,231

  • 2b · Program service revenue: ASSISTED LIVING FACILITY REVENUE

    total $2,157,569 · related or exempt $2,157,569

  • 2c · Program service revenue: INDEPENDENT LIVING REVENUE

    total $1,376,909 · related or exempt $1,376,909

  • 2d · Program service revenue: OTHER OPERATING REVENUE

    total $159,951 · related or exempt $159,951

  • 2e · Program service revenue: CAFETERIA INCOME

    total $73,077 · related or exempt $73,077

  • 3 · Investment income

    total $76,180 · excluded $76,180

  • 6a · Gross rents

    real property $457,838

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $457,838

  • 6d · Net rental income or loss

    total $457,838 · excluded $457,838

  • 7a · Gross sales of assets other than inventory

    securities $1,142,410

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

    securities $1,172,902

  • 7c · Gain or loss

    securities -$30,492

  • 7d · Net gain or loss

    total -$30,492 · excluded -$30,492

  • 11a · Other revenue: TIJV INCOME

    total $222,107 · excluded $222,107

  • 11b · Other revenue: WILLOW WOOD INSURANCE REIMBURSEME

    total $29,525 · excluded $29,525

  • 11c · Other revenue: AZALEA INSURANCE REIMBURSEMENTS

    total $19,683 · excluded $19,683

  • 11e · Other revenue, total

    $271,315

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,531 · program services $18,531

  • 5 · Compensation of officers, directors and key employees

    total $313,346 · program services $313,346

  • 7 · Other salaries and wages

    total $8,603,664 · program services $8,603,664

  • 9 · Other employee benefits

    total $817,583 · program services $817,583

  • 10 · Payroll taxes

    total $671,032 · program services $663,955 · management and general $7,077

  • 11b · Fees: legal

    total $151,904 · program services $151,904

  • 11c · Fees: accounting

    total $86,122 · program services $86,122

  • 11f · Fees: investment management

    total $15,519 · program services $15,519

  • 11g · Fees: other

    total $1,840,103 · program services $1,831,967 · management and general $8,136

  • 12 · Advertising and promotion

    total $4,660 · program services $4,660

  • 13 · Office expenses

    total $244,921 · program services $244,921

  • 16 · Occupancy

    total $2,076,869 · program services $2,076,607 · management and general $262

  • 17 · Travel

    total $12,210 · program services $12,210

  • 19 · Conferences, conventions and meetings

    total $6,431 · program services $6,431

  • 22 · Depreciation, depletion and amortization

    total $1,108,420 · program services $1,108,420

  • 23 · Insurance

    total $387,949 · program services $387,578 · management and general $371

  • 24a · Other expenses: MEDICAL & DIETARY SUPPL

    total $1,317,012 · program services $1,317,012

  • 24b · Other expenses: PERMITS, LICENSES, AND

    total $494,895 · program services $494,895

  • 24c · Other expenses: OTHER EXPENSES

    total $127,098 · program services $122,159 · management and general $4,939

  • 24d · Other expenses: EMPLOYEE ACTIVITIES

    total $60,845 · program services $60,845

  • 24e · All other expenses

    total $53,799 · program services $53,799

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,314 · end of year $130,749

  • 4 · Accounts receivable

    beginning of year $1,115,029 · end of year $1,004,721

  • 8 · Inventories for sale or use

    beginning of year $52,190 · end of year $31,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,404 · end of year $110,738

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

    $58,032,407

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

    $44,058,045

  • 10c · Land, buildings and equipment, net

    beginning of year $14,491,382 · end of year $13,974,362

  • 11 · Investments: publicly traded securities

    beginning of year $3,048,542 · end of year $3,409,534

  • 12 · Investments: other securities

    beginning of year $1,131,222 · end of year $1,165,631

  • 14 · Intangible assets

    beginning of year $100,000

  • 15 · Other assets

    beginning of year $5,491,133 · end of year $4,503,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $980,572 · end of year $424,849

  • 19 · Deferred revenue

    beginning of year $6,080,978 · end of year $5,645,686

  • 21 · Escrow or custodial account liability

    beginning of year $28,424 · end of year $20,822

  • 25 · Other liabilities

    beginning of year $692,112 · end of year $1,453,372

  • 27 · Net assets without donor restrictions

    beginning of year $17,876,130 · end of year $16,786,605

Mission and programs · 2023

Mission

WOLDENBERG VILLAGE IS DEDICATED TO PROVIDING AN ENVIRONMENT FOR SENIORS THAT ENHANCES AND ENRICHES THE QUALITY OF THEIR PHYSICAL, MENTAL AND EMOTIONAL LIFE AND TO ENSURE THAT ALL OF THE ORGANIZATION'S RESIDENTS LEAD HEALTHY AND SECURE LIVES WITHIN THE COMMUNITY.

Activities or mission (Part I)

HEALTHCARE DELIVERY AND SHORT-TERM REHAB AND MEDICALLY ASSISTED LIVING FOR THE ELDERLY.

  • WILLOWWOOD AT WOLDENBERG VILLAGE HOUSES A 120-BED SKILLED NURSING FACILITY PROVIDING INTERMEDIATE AND SKILLED CARE. ADDITIONALLY, WILLOWWOOD PROVIDES A FULL RANGE OF SERVICES WHICH INCLUDE PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY; PSYCHIATRIC AND NUTRITIONAL COUNSELING; ON-SITE MEDICAL STAFF; RECREATIONAL, MUSIC AND MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION.

    Expenses $13,507,770 · Grants $18,531 · Revenue $12,470,102

  • THE AZALEAS AT WOLDENBERG VILLAGE IS A SIXTY (60) UNIT ASSISTED LIVING COMMUNITY. VARIOUS LEVELS OF CARE ARE OFFERED BASED ON AN INDIVIDUAL'S SPECIFIC NEEDS. THE AZALEAS PROVIDES ITS RESIDENTS THREE WELL-BALANCED MEALS PER DAY, GROUP ACTIVITIES, MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION, 24-HOUR ON-SITE CAREGIVER SUPPORT, AND WEEKLY HOUSEKEEPING. ADDITIONALLY, THE AZALEAS HOUSES A UNIT FOR EARLY STAGES OF DEMENTIA.

    Expenses $3,320,552 · Revenue $2,305,254

  • THE VILLAS AT WOLDENBERG VILLAGE IS A SIXTY (60) UNIT INDEPENDENT LIVING COMMUNITY WHICH PROVIDES ITS RESIDENTS 24-HOUR EMERGENCY MEDICAL RESPONSE, GROUP ACTIVITIES, MEDICAL AND THERAPEUTIC RECREATIONAL TRANSPORTATION, WEEKLY HOUSEKEEPING AND DAILY MEAL OPTIONS. THE VILLAS ARE THE INITIAL STEP INTO THE WOLDENBERG VILLAGE CONTINUING CARE RETIREMENT HEALTHCARE CAMPUS.

    Expenses $1,563,806 · Revenue $1,427,380

As filed on the 2023 return.

Listed in Part VII

  • Bradley Sinclair

    BOARD MEMBER

    Total calculated
    $471,848
    From this org
    $0
    From related orgs
    $453,617
    Other
    $18,231
    Hours/week
    3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,435 related
    Bonus
    $0 + $53,182 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $5,031 related
    Filer's total
    $0 + $471,848 related

  • Suzanne Haggard

    TREASURER AND BOARD MEMBER

    Total calculated
    $700,850
    From this org
    $0
    From related orgs
    $680,336
    Other
    $20,514
    Hours/week
    1 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,493 related
    Bonus
    $0 + $427,843 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $7,314 related
    Filer's total
    $0 + $700,850 related

  • Scheniece Jeanpierre

    DIRECTOR OF NURSING

    Total calculated
    $126,904
    From this org
    $31,148
    From related orgs
    $89,246
    Other
    $6,510
    Hours/week
    40

  • Joshua Lowentritt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 40 related

  • Manuel T Linares

    PRESIDENT AND BOARD MEMBER

    Total calculated
    $996,408
    From this org
    $0
    From related orgs
    $964,507
    Other
    $31,901
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $550,341 related
    Bonus
    $0 + $412,609 related
    Other
    $0 + $1,557 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $18,701 related
    Filer's total
    $0 + $996,408 related

  • Zeb Landers

    EXECUTIVE DIRECTOR AND BOARD MEMBER

    Total calculated
    $186,442
    From this org
    $39,581
    From related orgs
    $131,698
    Other
    $15,163
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $39,581 + $111,850 related
    Bonus
    $0 + $19,848 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,246 + $10,917 related
    Filer's total
    $43,827 + $142,615 related

  • Kevin Rodrigue

    DIRECTOR OF FINANCE

    Total calculated
    $135,052
    From this org
    $32,926
    From related orgs
    $99,430
    Other
    $2,696
    Hours/week
    40

  • Russell Byrd

    FACILITY DIRECTOR

    Total calculated
    $145,233
    From this org
    $34,101
    From related orgs
    $107,311
    Other
    $3,821
    Hours/week
    40

  • Natasha Gibson

    NURSE ADMIN LPN

    Total calculated
    $114,882
    From this org
    $36,042
    From related orgs
    $73,259
    Other
    $5,581
    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 · Compensation survey or study
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIES ON COMPARABLE DATA FROM UNRELATED ENTITIES TO DETERMINE THE AMOUNT OF COMPENSATION FOR ITS EXECUTIVES AND DOCUMENTATION IS MAINTAINED REGARDING THE DETERMINATION OF THESE AMOUNTS. THE FINAL DECISION REGARDING THE AMOUNT OF COMPENSATION IS SUBJECT TO THE APPROVAL OF THE PRESIDENT OF TOURO INFIRMARY.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TIJV LLC

    INVESTMENT · IMAGING CENTER · LA · 79% owned · share of income $222,107 · share of assets $1,164,063

    Directly controlled by TOURO INFIRMARY

  • CRESCENT CITY RESEARCH CONSORTIUM LLC

    SCIENTIFIC RESEARCH · LA

  • COMMUNITY SERVICES COLLABORATIVE

    MEDICAL COLLABORATION · LA

  • EAST JEFFERSON SURGERY CENTER LLC

    OUTPATIENT SURGERY · LA

Related corporations and trusts

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

  • CRESCENT CITY PHYSICIANS INC

    C · HEALTHCARE · LA

  • BUCKMAN MEDICAL OFFICE BUILDING CONDOMINIUM ASSOCIATION

    C · REAL ESTATE · LA

  • PRYTANIA MEDICAL COMPLEX OWNERS ASSOCIATION

    C · REAL ESTATE · LA

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202520349349300947

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