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Nonprofiteer
← CARLE RETIREMENT CENTERS INC

Form 990 for tax year 2023

Filed by CARLE RETIREMENT CENTERS INC.

Totals

Total revenue
$8,658,397
Total expenses
$8,082,854
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,566,506
Investment income
-$2,328
Other revenue
$94,219
Total assets, end of year
$3,570,273
Total liabilities, end of year
$1,709,094
Net assets or fund balances, end of year
$1,861,179
Program services expenses (Part IX)
$6,573,108
Management and general expenses
$1,509,746
Fundraising expenses
$0
Program service expenses (Part III)
$6,573,108

Program services were 81.3% 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.

  • 2a · Program service revenue: RETIREMENT LIVING CENTER

    total $8,566,506 · related or exempt $8,566,506

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $4,633

  • 6c · Rental income or loss

    real property $4,633 · personal property $0

  • 6d · Net rental income or loss

    total $4,633 · excluded $4,633

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

    other assets $2,328

  • 7c · Gain or loss

    securities $0 · other assets -$2,328

  • 7d · Net gain or loss

    total -$2,328 · excluded -$2,328

  • 11a · Other revenue: CAFETERIA

    total $18,074 · related or exempt $18,074

  • 11b · Other revenue: GARAGE RENTAL

    total $13,955 · related or exempt $13,955

  • 11c · Other revenue: VENDING REVENUE

    total $10,607 · excluded $10,607

  • 11d · All other revenue

    total $46,950 · related or exempt $46,950 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $89,586

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $169,272 · program services $169,272

  • 7 · Other salaries and wages

    total $3,278,462 · program services $2,983,802 · management and general $294,660

  • 8 · Pension plan contributions

    total $43,122 · program services $39,985 · management and general $3,137

  • 9 · Other employee benefits

    total $394,317 · program services $347,013 · management and general $47,304

  • 10 · Payroll taxes

    total $253,389 · program services $231,642 · management and general $21,747

  • 11d · Fees: lobbying

    total $1,882 · management and general $1,882

  • 11g · Fees: other

    total $233,260 · program services $226,428 · management and general $6,832 · fundraising $0

  • 12 · Advertising and promotion

    total $34,147 · management and general $34,147

  • 13 · Office expenses

    total $417,053 · program services $372,512 · management and general $44,541

  • 14 · Information technology

    total $11,056 · program services $2,871 · management and general $8,185

  • 16 · Occupancy

    total $840,793 · program services $808,051 · management and general $32,742

  • 17 · Travel

    total $43,095 · program services $7,655 · management and general $35,440

  • 19 · Conferences, conventions and meetings

    total $50 · program services $50

  • 20 · Interest

    total $62,716 · program services $62,716

  • 22 · Depreciation, depletion and amortization

    total $691,098 · program services $671,092 · management and general $20,006

  • 23 · Insurance

    total $85,847 · management and general $85,847

  • 24a · Other expenses: INTERNAL MANAGEMENT FEES

    total $973,953 · management and general $973,953

  • 24b · Other expenses: RESIDENT FOOD SERVICES

    total $625,001 · program services $625,001

  • 24c · Other expenses: RESIDENT CARE SUPPLIES

    total $18,772 · program services $18,772

  • 24d · Other expenses: OTHER EXPENSES

    total $6,246 · program services $6,246

  • 24e · All other expenses

    total -$100,677 · program services $0 · management and general -$100,677 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,500 · end of year $6,376

  • 4 · Accounts receivable

    beginning of year $2,006 · end of year $2,291

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,183 · end of year $20,222

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

    $28,328,842

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

    $24,787,458

  • 10c · Land, buildings and equipment, net

    beginning of year $3,503,255 · end of year $3,541,384

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $537,424 · end of year $445,708

  • 21 · Escrow or custodial account liability

    beginning of year $830,790 · end of year $827,045

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $505,252 · end of year $436,341

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,478 · end of year $1,861,179

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY AND PHYSICALLY CHALLENGED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, PSYCHOLOGICAL AND SOCIAL NEEDS AND TO PROMOTE THEIR HEALTH AND WELLNESS, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PROVIDED, OPERATED AND MAINTAINED ON A NOT-FOR-PROFIT BASIS.

Activities or mission (Part I)

TO PROVIDE ELDERLY AND PHYSICALLY CHALLENGED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS AND PROMOTE THEIR HEALTH AND WELLNESS.

  • A 174 UNIT RETIREMENT LIVING CENTER PROVIDING SAFE AND AFFORDABLE RETIREMENT LIVING RESIDENCE AND RELATED SPECIAL NEEDS ACTIVITIES PRIMARILY FOR CHAMPAIGN COUNTY ILLINOIS ELDERLY RESIDENTS. IN ADDITION TO LIVING RESIDENCE, SERVICES INCLUDE BUT ARE NOT LIMITED TO ASSISTED LIVING ACTIVITIES WITH ECONOMICAL AND HEALTHY MEALS. THE LIVING CENTER ALSO MAINTAINS UNITS THAT SUPPORT ACTIVITIES RELATED TO MEMORY CARE. FINANCIAL RENT SUPPORT IS AVAILABLE FOR QUALIFIED INDIVIDUALS. THE ADDITION OF MEMORY CARE ALLOWED THE WINDSOR OF SAVOY TO OFFER AN EXPANDED CONTINUUM OF CARE TO THEIR RESIDENTS IN INDEPENDENT AND ASSISTED LIVING. IT ALSO PROVIDED HIGH QUALITY MEMORY CARE OPTIONS TO THE COMMUNITY AT LARGE, MAKING CARLE RETIREMENT CENTERS MORE DESIRABLE AND COMPETITIVE WITH OTHER RETIREMENT COMMUNITIES. IN 2023, THE AVERAGE OCCUPANCY THRU AUGUST WAS APPROXIMATELY 33%. IT INCREASED TO 89% IN SEPTEMBER, AND FURTHER INCREASED TO 100% FOR THE REMAINDER OF THE YEAR.

    Expenses $6,573,108 · Revenue $8,645,485

As filed on the 2023 return.

Listed in Part VII

  • Ann Beyers

    Secretary - THRU 10/05/2023

    Total calculated
    $111,162
    From this org
    $0
    From related orgs
    $88,271
    Other
    $22,891
    Hours/week
    1 + 39 related

  • Dennis Hesch

    Treasurer // Officer - EVP, Chief Finance & Strategy Officer // Secretary

    Total calculated
    $1,762,884
    From this org
    $0
    From related orgs
    $1,395,995
    Other
    $366,889
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,104,200 related
    Bonus
    $0 + $262,608 related
    Other
    $0 + $29,187 related
    Deferred
    $0 + $346,286 related
    Nontaxable benefits
    $0 + $20,603 related
    Filer's total
    $0 + $1,762,884 related

  • James C Leonard MD

    Chair // Officer - President & CEO

    Total calculated
    $5,726,886
    From this org
    $0
    From related orgs
    $5,690,001
    Other
    $36,885
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,690,975 related
    Bonus
    $0 + $443,047 related
    Other
    $0 + $3,555,979 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $20,385 related
    Filer's total
    $0 + $5,726,886 related

  • Matthew Kolb JD MHA

    Vice Chair // Officer - President, Carle Health Regions // EVP, COO

    Total calculated
    $1,930,636
    From this org
    $0
    From related orgs
    $1,567,331
    Other
    $363,305
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,092,613 related
    Bonus
    $0 + $219,046 related
    Other
    $0 + $255,672 related
    Deferred
    $0 + $335,494 related
    Nontaxable benefits
    $0 + $27,811 related
    Filer's total
    $0 + $1,930,636 related

  • Dawn Walden

    SVP, Chief Revenue Cycle Officer

    Total calculated
    $668,414
    From this org
    $0
    From related orgs
    $568,121
    Other
    $100,293
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,610 related
    Bonus
    $0 + $52,955 related
    Other
    $0 + $123,556 related
    Deferred
    $0 + $77,522 related
    Nontaxable benefits
    $0 + $22,771 related
    Filer's total
    $0 + $668,414 related

  • Lauren Schmid MBA

    EVP, Chief Human Resources Officer

    Total calculated
    $1,155,351
    From this org
    $0
    From related orgs
    $945,711
    Other
    $209,640
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,332 related
    Bonus
    $0 + $113,339 related
    Other
    $0 + $158,040 related
    Deferred
    $0 + $182,309 related
    Nontaxable benefits
    $0 + $27,331 related
    Filer's total
    $0 + $1,155,351 related

  • Nancy Mella-Oliver

    Windsor Administrator

    Total calculated
    $163,649
    From this org
    $159,755
    From related orgs
    $0
    Other
    $3,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,982
    Bonus
    $11,934
    Other
    $839
    Deferred
    $3,042
    Nontaxable benefits
    $852
    Filer's total
    $163,649

  • Nicholas Crompton

    VP, Construction & Facility Services

    Total calculated
    $432,431
    From this org
    $0
    From related orgs
    $364,372
    Other
    $68,059
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,871 related
    Bonus
    $0 + $30,843 related
    Other
    $0 + $41,658 related
    Deferred
    $0 + $37,180 related
    Nontaxable benefits
    $0 + $30,879 related
    Filer's total
    $0 + $432,431 related

  • Janice Frazier

    Registered Nurse

    Total calculated
    $116,194
    From this org
    $112,838
    From related orgs
    $0
    Other
    $3,356
    Hours/week
    40

  • Laurence Fallon JD

    Former - Key Employee

    Total calculated
    $1,160,805
    From this org
    $0
    From related orgs
    $926,444
    Other
    $234,361
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $738,955 related
    Bonus
    $0 + $158,380 related
    Other
    $0 + $29,109 related
    Deferred
    $0 + $210,158 related
    Nontaxable benefits
    $0 + $24,203 related
    Filer's total
    $0 + $1,160,805 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
  • 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 Arrangement used to establish the top management official's compensation
THE BOARD OF TRUSTEES OF THE CARLE FOUNDATION, THE PARENT ORGANIZATION OF CARLE RETIREMENT CENTERS INC., THROUGH ITS COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS FREE OF CONFLICT, ANNUALLY REVIEWS EXECUTIVE COMPENSATION LEVELS AND ESTABLISHES APPROPRIATE SALARY RANGES AND OTHER FEATURES OF THE COMPENSATION PLAN IN ACCORDANCE WITH THE ORGANIZATION'S APPROVED COMPENSATION PHILOSOPHY AND STRATEGY: -THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES; WHO ARE INDEPENDENT OF THE CARLE FOUNDATION MANAGEMENT; HAVE NO PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENTS; ARE NOT RELATED TO, OR UNDER THE CONTROL OF ANY INDIVIDUAL WHOSE COMPENSATION ARRANGEMENT IS BEING REVIEWED; AND HAVE NO MATERIAL BUSINESS RELATIONSHIP WITH THE CARLE FOUNDATION. -THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE IN RELATION TO APPROPRIATE COMPARABILITY DATA. COMPENSATION FOR OTHER MEMBERS OF THE EXECUTIVE STAFF IS DEVELOPED BY THE CEO, EVALUATED AGAINST MARKET DATA, AND REVIEWED AND APPROVED BY THE COMMITTEE. -THE COMMITTEE APPROVES ALL ANNUAL COMPENSATION DECISIONS IN ADVANCE OF THEIR IMPLEMENTATION AND DOCUMENTS ITS DETERMINATIONS AND DISCUSSIONS. -THE COMPENSATION COMMITTEE RELIES UPON A NUMBER OF EXTERNAL RESOURCES AND COMPARISONS, AND ITS ANALYSIS INCLUDES TOTAL COMPENSATION (CASH COMPENSATION PLUS BENEFITS PROVIDED BY THE CARLE FOUNDATION) IN RELATION TO ORGANIZATIONAL PERFORMANCE AND PREVAILING INDUSTRY PRACTICES FOR LIKE RESPONSIBILITIES AT COMPARABLY-SIZED ORGANIZATIONS. THE COMMITTEE HAS ENGAGED THE SERVICES OF A COMPENSATION CONSULTING FIRM SPECIALIZING IN THE NOT-FOR-PROFIT SECTOR WHICH HAS WORKED WITH THE CARLE FOUNDATION AND MAKES ITS REPORTS DIRECTLY AVAILABLE TO THE COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE 2023 PARTICIPANTS IN THE 457(F) PLAN OFFERED BY THE CARLE FOUNDATION, THE PARENT ORGANIZATION OF CARLE RETIREMENT CENTERS, INC., THAT ARE LISTED IN THE 990 PART VII INCLUDE JAMES C. LEONARD, MD, MATTHEW KOLB, JD, MHA, DENNIS HESCH, LAUREN SCHMID, MBA, NICHOLAS CROMPTON, DAWN WALDEN AND LAURENCE FALLON, JD. THE 2023 PAYMENTS FROM THE 457(F) PLAN WERE MADE TO JAMES C. LEONARD, MD ($3,526,792), MATTHEW KOLB, JD, MHA ($226,485), LAUREN SCHMID, MBA ($128,983), AND DAWN WALDEN ($69,508).
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE OVERALL EMPLOYEE'S COMPENSATION PROGRAM INCLUDES AN INCENTIVE COMPONENT THAT COVERS MOST EMPLOYEES AND IS DESIGNED TO ENCOURAGE AND PROMOTE THE ACHIEVEMENT OF CERTAIN QUALITY, OPERATIONAL, AND EFFICIENCY IMPROVEMENTS. ALTHOUGH THIS INCENTIVE COMPONENT IS BASED ON THE ORGANIZATION MEETING CERTAIN MINIMUM FINANCIAL THRESHOLDS, ALL PAYMENTS MUST BE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO ANY INCENTIVE PAYOUT.

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 partnerships

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

  • CHAMPAIGN SURGICENTER LLC

    N/A · Surgical Center · IL

    Directly controlled by NA

  • FIELDS SOUTH LLC

    N/A · Property & Facility Management · IL

    Directly controlled by NA

  • MOUPH LLC

    N/A · Outpatient Orthopedic Services · IL

    Directly controlled by NA

  • REHABILITATION THERAPY SERVICES LLC

    N/A · Rehabilitation Therapy · IL

    Directly controlled by NA

  • THE CENTER FOR ORTHOPEDIC MEDICINE LLC RECOVERY CARE CENTER

    N/A · Outpatient Orthopedic Services · IL

    Directly controlled by NA

  • THE CENTER FOR ORTHOPEDIC MEDICINE LLC SURGERY CENTER

    N/A · Outpatient Orthopedic Services · IL

    Directly controlled by NA

Related corporations and trusts

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

  • BELCREST SERVICES LTD

    C Corporation · Medical Services · IL · controlled entity

    Directly controlled by NA

  • CARLE HEALTH JUNCTION MEDICAL LLC

    C Corporation · Care Coordination · IL · controlled entity

    Directly controlled by NA

  • CARLE HEALTH PHYSICIAN PARTNERS INC

    C Corporation · Physician Services · IL · controlled entity

    Directly controlled by NA

  • CARLE HOLDING COMPANY INC

    C Corporation · Holding Co. · IL · controlled entity

    Directly controlled by NA

  • CARLE RESEARCH PRODUCTS INC

    C Corporation · Medical Research - INACTIVE · IL · controlled entity

    Directly controlled by NA

  • CARLE RISK MANAGEMENT COMPANY

    C Corporation · Risk Management · IL · controlled entity

    Directly controlled by NA

  • CARLE VENTURES INC

    C Corporation · Health Care Partnerships · IL · controlled entity

    Directly controlled by NA

  • CHA HOLDING INC

    C Corporation · Holding Co. · IL · controlled entity

    Directly controlled by NA

  • FIRSTCAROLINACARE INSURANCE COMPANY

    C Corporation · Insurance · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE CONNECT INC

    C Corporation · Health Care Coordination · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE MEDICAL PLANS INC

    C Corporation · Health Coverage · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE MIDWEST INC

    C Corporation · Health Coverage · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE NORTHWEST HEALTH PLAN

    C Corporation · Health Coverage · WA · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE NORTHWEST HOLDING

    C Corporation · Holding Co. · WA · controlled entity

    Directly controlled by NA

  • HEALTH PLUS INC

    C Corporation · Contracting · IL · controlled entity

    Directly controlled by NA

  • HEALTH SYSTEMS INSURANCE LIMITED

    C Corporation · Insurance · CJ · controlled entity

    Directly controlled by NA

  • METHODIST HEALTH VENTURES INC

    C Corporation · Holding Co. · IL · controlled entity

    Directly controlled by NA

  • OPTIMUM HEALTH SOLUTIONS INC

    C Corporation · Care Coordination - INACTIVE · IL · controlled entity

    Directly controlled by NA

  • PEKIN PROHEALTH INC

    C Corporation · Clinical Operations · IL · controlled entity

    Directly controlled by NA

  • PROVIDER RESOURCE MANAGEMENT INC

    C Corporation · Physician Services · IL · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349320002

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