Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,272,920

• 1f · All other contributions, gifts and grants

  $18,012,898

• 1g · Noncash contributions included above

  $7,000,648

• 2a · Program service revenue: MEDICARE/MEDICAID PAYM

  total $82,930,022 · related or exempt $82,930,022

• 2b · Program service revenue: PRIVATE CLIENT CARE RE

  total $3,721,868 · related or exempt $3,721,868

• 3 · Investment income

  total $365,407 · excluded $365,407

• 6a · Gross rents

  real property $1,155,446

• 6b · Less rental expenses

  real property $2,665,650

• 6c · Rental income or loss

  real property -$1,510,204

• 6d · Net rental income or loss

  total -$1,510,204 · excluded -$1,510,204

• 7a · Gross sales of assets other than inventory

  other assets $2,855,970

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

  other assets $937,681

• 7c · Gain or loss

  other assets $1,918,289

• 7d · Net gain or loss

  total $1,918,289 · excluded $1,918,289

• 10a · Gross sales of inventory

  $6,473,507

• 10b · Cost of goods sold

  $6,473,507

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $347,416 · related or exempt $347,416

• 11e · Other revenue, total

  $347,416

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,905,979 · management and general $1,905,979

• 7 · Other salaries and wages

  total $60,052,363 · program services $52,445,434 · management and general $6,094,287 · fundraising $1,512,642

• 8 · Pension plan contributions

  total $1,645,803 · program services $1,184,121 · management and general $384,126 · fundraising $77,556

• 9 · Other employee benefits

  total $6,510,508 · program services $5,534,011 · management and general $865,212 · fundraising $111,285

• 10 · Payroll taxes

  total $4,985,376 · program services $4,370,966 · management and general $502,618 · fundraising $111,792

• 11b · Fees: legal

  total $1,091,813 · program services $1,011 · management and general $1,090,802

• 11c · Fees: accounting

  total $209,184 · management and general $209,184

• 11f · Fees: investment management

  total $6,268 · management and general $6,268

• 11g · Fees: other

  total $14,149,995 · program services $13,418,937 · management and general $598,674 · fundraising $132,384

• 12 · Advertising and promotion

  total $109,795 · program services $2,113 · management and general $83,173 · fundraising $24,509

• 13 · Office expenses

  total $1,655,392 · program services $1,150,104 · management and general $270,942 · fundraising $234,346

• 14 · Information technology

  total $1,376,232 · program services $1,146,034 · management and general $214,906 · fundraising $15,292

• 16 · Occupancy

  total $4,998,562 · program services $4,738,148 · management and general $259,717 · fundraising $697

• 17 · Travel

  total $1,700,242 · program services $1,235,020 · management and general $380,949 · fundraising $84,273

• 19 · Conferences, conventions and meetings

  total $141,341 · program services $91,696 · management and general $42,908 · fundraising $6,737

• 22 · Depreciation, depletion and amortization

  total $3,287,804 · program services $2,720,318 · management and general $562,260 · fundraising $5,226

• 23 · Insurance

  total $2,272,147 · program services $1,909,115 · management and general $363,032

• 24a · Other expenses: DIETARY AND CLIENT CARE

  total $2,157,381 · program services $2,157,381

• 24b · Other expenses: SUPPLIES & MAINTENANCE

  total $1,290,785 · program services $1,044,871 · management and general $244,309 · fundraising $1,605

• 24c · Other expenses: MEDICAID ASSESSMENT FEE

  total $769,965 · program services $769,965

• 24d · Other expenses: EMPLOYEE RECRUITMENT

  total $715,287 · program services $179,787 · management and general $535,500

• 24e · All other expenses

  total $829,582 · program services $532,218 · management and general $294,403 · fundraising $2,961

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,496,158 · end of year $8,287,428

• 2 · Savings and temporary cash investments

  beginning of year $1,107,595 · end of year $1,125,222

• 4 · Accounts receivable

  beginning of year $11,660,547 · end of year $8,882,131

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,358,046 · end of year $1,684,761

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

  $61,522,360

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

  $30,089,902

• 10c · Land, buildings and equipment, net

  beginning of year $31,886,675 · end of year $31,432,458

• 11 · Investments: publicly traded securities

  beginning of year $3,732,645 · end of year $3,467,564

• 15 · Other assets

  beginning of year $122,227,682 · end of year $148,077,440

• 17 · Accounts payable and accrued expenses

  beginning of year $6,986,113 · end of year $9,798,981

• 19 · Deferred revenue

  beginning of year $331,266 · end of year $342,064

• 23 · Secured mortgages and notes payable

  beginning of year $14,022,298 · end of year $20,655,066

• 25 · Other liabilities

  beginning of year $11,553,956 · end of year $14,281,297

• 27 · Net assets without donor restrictions

  beginning of year $124,880,054 · end of year $133,481,929

• 28 · Net assets with donor restrictions

  beginning of year $19,695,661 · end of year $24,397,667

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE SERVES AS A COMPENSATION COMMITTEE WITH THE DUTY TO REVIEW AND MAKE FINDINGS AS TO THE REASONABLENESS OF (I) THE COMPENSATION PAID AND BENEFITS PROVIDED TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND (II) THE RECOMMENDATIONS OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER FOR THE COMPENSATION RANGES AND BENEFIT LEVELS FOR THE CHIEF LEGAL OFFICER, THE CHIEF FINANCIAL OFFICER, THE CHIEF OPERATING OFFICER, THE CHIEF HUMAN RESOURCES OFFICER, THE CHIEF ADVANCEMENT OFFICER AND ALL OTHER PERSONS WHOM IT DETERMINES TO BE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE CORPORATION WITHIN THE MEANING OF SECTION 4958 OF THE INTERNAL REVENUE CODE ("DISQUALIFIED PERSONS"). IN DOING SO IT (1) IDENTIFIES ALL DISQUALIFIED PERSONS; (2) PERIODICALLY (AT LEAST IN EVERY ODD-NUMBER YEAR) REVIEWS AND DETERMINES THE REASONABLENESS OF THE COMPENSATION AND BENEFIT LEVELS OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; (3) PERIODICALLY (TYPICALLY ANNUALLY, BUT AT LEAST IN EVERY ODDNUMBER YEAR) REVIEWS AND DETERMINES THE REASONABLENESS OF THE RECOMMENDATIONS OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER FOR THE COMPENSATION RANGES AND BENEFIT LEVELS OF OTHER DISQUALIFIED PERSONS; (4) CONSIDERS ALL INCENTIVES, PERQUISITES, DEFERRED COMPENSATION AND ANYTHING OF VALUE WHEN CONSIDERING THE REASONABLENESS OF COMPENSATION OR BENEFIT LEVELS; (5) OBTAINS FROM SOURCES OUTSIDE THE CORPORATION OBJECTIVE, MARKET COMPARABLE COMPENSATION AND BENEFIT LEVEL DATA; (6) DOCUMENTS ITS CONSIDERATIONS AND DETERMINATIONS IN WRITTEN REPORTS; AND (7) AT LEAST ANNUALLY REPORT ITS ACTIVITIES AND FINDINGS TO THE BOARD OF DIRECTORS.

PART I, LINE 4A

SONAL SHUKLA SEVERANCE- $14,615

PART I, LINE 6

THE ORGANIZATION MAINTAINS A BOARD APPROVED SHORT TERM INCENTIVE PLAN ("STIP") FOR EXECUTIVE LEADERSHIP, WITH TARGET OPPORTUNITY OF APPROXIMATELY 25% OF BASE SALARY (THRESHOLD ~12.5%, MAXIMUM ~37.5%), PAYABLE ONLY IF MINIMUM FINANCIAL PERFORMANCE THRESHOLDS ARE ACHIEVED. INCENTIVES ARE BASED ON AN ANNUAL BALANCED SCORECARD ALIGNING COMPENSATION WITH MISSION AND OPERATIONAL PERFORMANCE ACROSS FOUR WEIGHTED CATEGORIES: QUALITY (30%), FINANCIAL (30%, INCLUDING EBITDA VS. BUDGET), MISSION GROWTH (25%, NUMBER OF INDIVIDUALS SERVED), AND INTERNAL (15%, INCLUDING WORKFORCE STABILITY AND KEY STRATEGIC MILESTONES). AWARDS ARE DETERMINED AFTER FISCAL YEAR-END BASED ON AUDITED RESULTS AND ARE SUBJECT TO REVIEW, CERTIFICATION, AND LIMITED DISCRETIONARY ADJUSTMENT BY THE PLAN ADMINISTRATOR (BOARD FOR THE CEO; CEO FOR OTHERS), INCLUDING THE ABILITY TO REDUCE OR ELIMINATE PAYOUTS IN ADVERSE CONDITIONS. INCENTIVES ARE NOT GUARANTEED, REQUIRE CONTINUED EMPLOYMENT THROUGH PAYOUT, AND ARE STRUCTURED TO ALIGN EXECUTIVE COMPENSATION WITH MISSION OUTCOMES, SERVICE QUALITY, AND FINANCIAL STEWARDSHIP. PAYOUTS UNDER THE PLAN DURING CALENDAR YEAR 2024 WERE AS FOLLOWS: KEITH JONES- $135,798; JEFFREY KACZMARSKI- $57,754; BRIAN SAVOIE- $52,266; JOHN CARREON- $46,666; DIANE EKSTRAND- $46,669; JULI FRANK- $42,933; SONAL SHUKLA- $35,446; KATHY BURKE- $8,597.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ABLELIGHT VILLAGE LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $2,080,000

  Directly controlled by ABLELIGHT INC

• BETHESDA CORNERSTONE VILLAGE VICTORIA LLC

  REAL ESTATE DEVELOPMENT · WI · income $1,261,904 · assets $11,467,733

  Directly controlled by ABLELIGHT INC

• CORNERSTONE VILLAGE - ELK GROVE MGP LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE - ELK GROVE LP

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE - HIGHLAND MM LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE - HIGHLAND LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE - OAKDALE GP LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE - OAKDALE LIMITED PARTNERSHIP

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE MANAGING MEMBER - WAUWATOSA LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• CORNERSTONE VILLAGE WI-I LLC

  DEVELOP AND LEASE REAL ESTATE · WI · income $0 · assets $0

• ABLELIGHT RESIDENCE FREMONT INC

  LOW INCOME HOUSING · CA · income $958,031 · assets $3,127,835

  Directly controlled by ABLELIGHT INC