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Nonprofiteer
← LOURDES INC

Form 990 for tax year 2024

Filed by LOURDES INC.

Totals

Total revenue
$12,378,861
Total expenses
$10,904,649
Contributions and grants received
$16,788
Grants paid
$0
Program service revenue
$11,979,865
Investment income
$380,776
Other revenue
$1,432
Total assets, end of year
$33,627,334
Total liabilities, end of year
$22,368,889
Net assets or fund balances, end of year
$11,258,445
Program services expenses (Part IX)
$9,414,737
Management and general expenses
$1,489,912
Fundraising expenses
$0
Program service expenses (Part III)
$9,414,737

Program services were 86.3% 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.

  • 1e · Government grants (contributions)

    $15,600

  • 1f · All other contributions, gifts and grants

    $1,188

  • 2a · Program service revenue: RESIDENT SERVICE/ROOM

    total $7,333,282 · related or exempt $7,333,282

  • 2b · Program service revenue: RESIDENT SERVICES

    total $4,358,873 · related or exempt $4,358,873

  • 2c · Program service revenue: HOSPICE INCOME

    total $287,710 · related or exempt $287,710

  • 3 · Investment income

    total $335,501 · excluded $335,501

  • 7a · Gross sales of assets other than inventory

    securities $47,793 · other assets $15,470

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

    securities $0 · other assets $17,988

  • 7c · Gain or loss

    securities $47,793 · other assets -$2,518

  • 7d · Net gain or loss

    total $45,275 · excluded $45,275

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,432 · excluded $1,432

  • 11e · Other revenue, total

    $1,432

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $421,945 · management and general $421,945

  • 7 · Other salaries and wages

    total $4,267,595 · program services $3,928,927 · management and general $338,668

  • 8 · Pension plan contributions

    total $28,376 · program services $28,376

  • 9 · Other employee benefits

    total $343,849 · program services $300,563 · management and general $43,286

  • 10 · Payroll taxes

    total $364,971 · program services $17,530 · management and general $347,441

  • 11b · Fees: legal

    total -$3,164 · management and general -$3,164

  • 11c · Fees: accounting

    total $59,055 · management and general $59,055

  • 11f · Fees: investment management

    total $9,696 · management and general $9,696

  • 11g · Fees: other

    total $1,515,785 · program services $1,445,195 · management and general $70,590

  • 12 · Advertising and promotion

    total $24,619 · management and general $24,619

  • 13 · Office expenses

    total $1,091,704 · program services $1,090,845 · management and general $859

  • 14 · Information technology

    total $72,254 · management and general $72,254

  • 16 · Occupancy

    total $391,463 · program services $391,463

  • 17 · Travel

    total $3,200 · program services $340 · management and general $2,860

  • 19 · Conferences, conventions and meetings

    total $1,395 · program services $457 · management and general $938

  • 20 · Interest

    total $394,143 · program services $394,143

  • 22 · Depreciation, depletion and amortization

    total $1,069,070 · program services $1,069,070

  • 23 · Insurance

    total $81,662 · management and general $81,662

  • 24a · Other expenses: MEDICAID - BED TAX

    total $701,785 · program services $701,785

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $32,018 · program services $32,018

  • 24c · Other expenses: COVID-19 SUPPLIES

    total $10,472 · program services $10,472

  • 24d · Other expenses: STRATEGIC EXPANSION

    total $53 · program services $53

  • 24e · All other expenses

    total $22,703 · program services $3,500 · management and general $19,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $3,622,392 · end of year $5,674,217

  • 4 · Accounts receivable

    beginning of year $983,355 · end of year $771,636

  • 8 · Inventories for sale or use

    beginning of year $40,518 · end of year $30,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $149,368 · end of year $143,994

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

    $32,055,778

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

    $7,860,363

  • 10c · Land, buildings and equipment, net

    beginning of year $25,090,090 · end of year $24,195,415

  • 11 · Investments: publicly traded securities

    beginning of year $1,990,699 · end of year $2,139,676

  • 15 · Other assets

    beginning of year $873,311 · end of year $671,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,680,682 · end of year $6,568,171

  • 19 · Deferred revenue

    beginning of year $4,453 · end of year $1,766

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,051,531 · end of year $15,441,076

  • 25 · Other liabilities

    beginning of year $34,870 · end of year $357,876

  • 27 · Net assets without donor restrictions

    beginning of year $9,978,399 · end of year $11,258,445

Mission and programs · 2024

Mission

LOURDES SENIOR COMMUNITY, INSPIRED BY THE GOSPEL OF JESUS AND SPONSORED BY THE DOMINICAN SISTERS OF PEACE, PROVIDES A BROAD CONTINUUM OF CARE FOR SENIORS AND THEIR FAMILIES. ALL WHO MINISTER AT LOURDES HONOR THE UNIQUENESS OF EACH PERSON WITH COMPASSION, LOVE, RESPECT AND DIGNITY.

Activities or mission (Part I)

OPERATION OF A 80-BED SKILLED NURSING FACILITY

  • OPERATION OF A 80-BED SKILLED NURSING FACILITY.

    Expenses $9,414,737 · Revenue $11,979,865

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Acho

    PRESIDENT/CEO

    Total calculated
    $310,648
    From this org
    $298,980
    From related orgs
    $0
    Other
    $11,668
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $253,680
    Bonus
    $45,300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,668
    Filer's total
    $310,648

  • Brian Condit

    CHAIR - PART YEAR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sister Peggy Martin Op

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Barbara Mendelson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Noone

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Erin Asdell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sister Janice Bachman Op

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dr James Boal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Linda Gifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Peggy Holden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Henrietta Juras MD

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Steven Kastner

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rev Msgr Michael Lefevre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Joseph Manuszak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Paul Propson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sister Barbara Rund Op

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Krolikowski

    DIRECTOR OF FINANCE

    Total calculated
    $111,297
    From this org
    $101,931
    From related orgs
    $0
    Other
    $9,366
    Hours/week
    10 + 30 related

  • Maureen McGee

    ADMINISTRATOR

    Total calculated
    $144,847
    From this org
    $134,716
    From related orgs
    $0
    Other
    $10,131
    Hours/week
    40

  • Fatoumata Ceesay

    LICENSED PRACTICAL NURSE

    Total calculated
    $126,948
    From this org
    $118,761
    From related orgs
    $0
    Other
    $8,187
    Hours/week
    40

  • Rebeeca Latta

    HR DIRECTOR

    Total calculated
    $126,385
    From this org
    $116,518
    From related orgs
    $0
    Other
    $9,867
    Hours/week
    10 + 30 related

  • Julie Bennett

    REGISTERED NURSE

    Total calculated
    $117,216
    From this org
    $107,507
    From related orgs
    $0
    Other
    $9,709
    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 committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 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

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.

  • DOMINICAN SISTERS OF PEACE

    501(C)(3) · RELIGIOUS · KY

    Directly controlled by VATICAN - CATHOLIC CHURCH

  • LOURDES ALZHEIMERS SPECIAL CARE CENTER

    501(C)(3) · ALZHEIMERS CARE · MI · controlled entity

    Directly controlled by CORPORATE MEMBERS DOMINICAN SISTERS OF PEACE

  • LOURDES ASSISTED LIVING CORPORATION

    501(C)(3) · ASSISTED LIVING · MI · controlled entity

    Directly controlled by CORPORATE MEMBERS DOMINICAN SISTERS OF PEACE

  • FOX MANOR INC

    501(C)(3) · SENIOR CARE · MI · controlled entity

    Directly controlled by CORPORATE MEMBERS DOMINICAN SISTERS OF PEACE

  • DOMINICAN HEALTH CARE CORPORATION

    501(C)(3) · RELIGIOUS · MI · controlled entity

    Directly controlled by CORPORATE MEMBERS DOMINICAN SISTERS OF PEACE

  • LOURDES CAMPUS FUND

    501(C)(3) · FUNDING TO SUPPORT RELATED NONPROFIT CORPORATIONS AND THEIR RESIDENTS · MI · controlled entity

    Directly controlled by CORPORATE MEMBERS DOMINICAN SISTERS OF PEACE

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2025
IRS schema version
2024v5.1
Source object
202501159349301520

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