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Nonprofiteer
← F F T SENIOR COMMUNITIES INC

Form 990 for tax year 2022

Filed by F F T SENIOR COMMUNITIES INC.

Totals

Total revenue
$6,300,841
Total expenses
$5,995,250
Contributions and grants received
$15,058
Grants paid
$0
Program services expenses (Part IX)
$4,711,303
Management and general expenses
$1,283,947
Fundraising expenses
$0
Program service expenses (Part III)
$4,711,303

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Steven Goldstein

    Board Member

    Total calculated
    $3,516,221
    From this org
    $0
    From related orgs
    $3,306,548
    Other
    $209,673
    Hours/week
    0.5 + 71 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,509,252 related
    Bonus
    $0
    Other
    $0 + $1,797,296 related
    Deferred
    $0 + $188,712 related
    Nontaxable benefits
    $0 + $20,961 related
    Filer's total
    $0 + $3,516,221 related

  • Mark Taubman MD

    Board Member

    Total calculated
    $1,960,405
    From this org
    $0
    From related orgs
    $1,783,432
    Other
    $176,973
    Hours/week
    0.5 + 75 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,744,544 related
    Bonus
    $0
    Other
    $0 + $38,888 related
    Deferred
    $0 + $156,577 related
    Nontaxable benefits
    $0 + $20,396 related
    Filer's total
    $0 + $1,960,405 related

  • Michael F Stapleton Jr

    President/CEO

    Total calculated
    $1,042,142
    From this org
    $0
    From related orgs
    $916,820
    Other
    $125,322
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,313 related
    Bonus
    $0 + $236,789 related
    Other
    $0 + $149,718 related
    Deferred
    $0 + $94,181 related
    Nontaxable benefits
    $0 + $31,141 related
    Filer's total
    $0 + $1,042,142 related

  • Michael Apostolakos MD

    Board Member

    Total calculated
    $809,047
    From this org
    $0
    From related orgs
    $701,264
    Other
    $107,783
    Hours/week
    0.5 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $678,734 related
    Bonus
    $0
    Other
    $0 + $22,530 related
    Deferred
    $0 + $79,312 related
    Nontaxable benefits
    $0 + $28,471 related
    Filer's total
    $0 + $809,047 related

  • A David Peter MD

    Board Member

    Total calculated
    $630,606
    From this org
    $0
    From related orgs
    $590,018
    Other
    $40,588
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $589,850 related
    Bonus
    $0
    Other
    $0 + $169 related
    Deferred
    $0 + $9,149 related
    Nontaxable benefits
    $0 + $31,438 related
    Filer's total
    $0 + $630,606 related

  • David Baum MD

    SVP Medical Affairs & Emergency Physicians

    Total calculated
    $601,780
    From this org
    $0
    From related orgs
    $509,180
    Other
    $92,600
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,621 related
    Bonus
    $0 + $77,415 related
    Other
    $0 + $50,145 related
    Deferred
    $0 + $60,057 related
    Nontaxable benefits
    $0 + $32,543 related
    Filer's total
    $0 + $601,781 related

  • Mark Prunoske

    Sr VP Finance/CFO

    Total calculated
    $518,789
    From this org
    $0
    From related orgs
    $438,546
    Other
    $80,243
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,212 related
    Bonus
    $0 + $69,455 related
    Other
    $0 + $51,880 related
    Deferred
    $0 + $52,884 related
    Nontaxable benefits
    $0 + $27,358 related
    Filer's total
    $0 + $518,789 related

  • Kurt Koczent

    EVP/COO

    Total calculated
    $506,002
    From this org
    $0
    From related orgs
    $429,514
    Other
    $76,488
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,309 related
    Bonus
    $0 + $86,452 related
    Other
    $0 + $60,753 related
    Deferred
    $0 + $44,068 related
    Nontaxable benefits
    $0 + $32,420 related
    Filer's total
    $0 + $506,002 related

  • Justin Weis MD

    Board Member & President of Medical Staff

    Total calculated
    $374,910
    From this org
    $0
    From related orgs
    $315,641
    Other
    $59,269
    Hours/week
    0.5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,029 related
    Bonus
    $0 + $14,612 related
    Other
    $0
    Deferred
    $0 + $28,059 related
    Nontaxable benefits
    $0 + $31,210 related
    Filer's total
    $0 + $374,910 related

  • Elizabeth Talia

    VP Legal & Regulatory Affairs and General Counsel

    Total calculated
    $330,950
    From this org
    $0
    From related orgs
    $285,895
    Other
    $45,055
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,995 related
    Bonus
    $0 + $30,037 related
    Other
    $0 + $14,863 related
    Deferred
    $0 + $14,573 related
    Nontaxable benefits
    $0 + $30,483 related
    Filer's total
    $0 + $330,951 related

  • Cindy Teerlinck MD

    Board Member and Physician

    Total calculated
    $295,134
    From this org
    $0
    From related orgs
    $253,938
    Other
    $41,196
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,487 related
    Bonus
    $0 + $56,141 related
    Other
    $0 + $310 related
    Deferred
    $0 + $13,079 related
    Nontaxable benefits
    $0 + $28,117 related
    Filer's total
    $0 + $295,134 related

  • Akua Asante MD

    Board Member

    Total calculated
    $195,298
    From this org
    $0
    From related orgs
    $190,027
    Other
    $5,271
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,572 related
    Bonus
    $0 + $1,337 related
    Other
    $0 + $5,117 related
    Deferred
    $0 + $3,649 related
    Nontaxable benefits
    $0 + $1,623 related
    Filer's total
    $0 + $195,298 related

  • Aimee Ward

    Executive Director

    Total calculated
    $165,605
    From this org
    $132,780
    From related orgs
    $0
    Other
    $32,825
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,605
    Bonus
    $19,725
    Other
    $9,450
    Deferred
    $9,675
    Nontaxable benefits
    $23,150
    Filer's total
    $165,605

  • Mark Blazey

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Randall Farnsworth

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Roger Friedlander

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Daniel Fuller

    Board Chair

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Dale Hunt

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • William R Kenyon Esq

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • David G Case

    Board Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Lauren M Dixon

    Board Secretary

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Lauren Sands Esq

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Paul H Griswold

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Maureen Wolfe

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Lori VanDusen

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Margaret Somerset Esq

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jennifer Jones

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Gigi Lamb

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Krista Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Frank H Hamlin III Esq

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Deborah Price

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 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 — 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
As provided in the Form 990, Schedule J instructions, since the organization relies on a related organization which uses one or more of the methods described in Line 3 to establish the top management officials' compensation this question has been left unanswered. Refer to Schedule O, description of compensation review and approval process.
Schedule J, Part I, Line 4
The following individuals participated in a supplemental nonqualified retirement plan and received employer paid amounts that are included in deferred compensation. 457(f) plan payments were Michael Stapleton - $78,930, Kurt Koczent - $28,817, Mark Prunoske - $31,534 and David Baum - $38,707. SERP plan payments were Steven Goldstein - $159,400, Mark Taubman, MD - $127,265 and Michael Apostolakos, MD - $50,000. The following individual participated in a supplemental nonqualified retirement plan and received employer paid amounts that are included in other reportable compensation. 457(f) plan payment was Steven Goldstein - $1,701,399. These amounts represent employee deferrals of compensation, plus investment earnings, over several years that vested and were paid pursuant to the requirements of the plan. The employee deferrals were reported as deferred compensation in Schedule J, Part II, Column C in prior years and are also reflected in Schedule J, Part II, Column F. This payment was made by a related organization.
Schedule J, Part I, Line 7
The President/CEO, Executive VP/COO and Senior VP of Finance/CFO are eligible for a variable percent YE incentive based on predetermined goals. The goals are operational, financial and managerial in nature. The financial goal is tied to the net earnings of the organization and its affiliates.

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
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202313049349300111

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