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Nonprofiteer
← MANOR PARK FOUNDATION INC

Form 990 for tax year 2022

Filed by MANOR PARK FOUNDATION INC.

Totals

Total revenue
$9,091,370
Total expenses
$1,556,496
Contributions and grants received
$2,100
Grants paid
$549,979
Program service revenue
$0
Investment income
$1,293,071
Other revenue
$7,796,199
Total assets, end of year
$26,921,956
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$26,921,956
Program services expenses (Part IX)
$838,195
Management and general expenses
$718,301
Fundraising expenses
$0
Program service expenses (Part III)
$838,195

Program services were 53.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,100

  • 3 · Investment income

    total $1,293,071 · excluded $1,293,071

  • 5 · Royalties

    total $7,796,199 · excluded $7,796,199

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $549,979 · program services $549,979

  • 11f · Fees: investment management

    total $111,659 · management and general $111,659

  • 11g · Fees: other

    total $27,767 · program services $25,058 · management and general $2,709

  • 13 · Office expenses

    total $117 · program services $106 · management and general $11

  • 23 · Insurance

    total $3,138 · program services $2,832 · management and general $306

  • 24a · Other expenses: OIL AND GAS EXPENSE

    total $575,489 · management and general $575,489

  • 24b · Other expenses: TAXES ON INVESTMENTS

    total $288,347 · program services $260,220 · management and general $28,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $497,716 · end of year $107,050

  • 2 · Savings and temporary cash investments

    beginning of year $475,504 · end of year $1,376,396

  • 4 · Accounts receivable

    beginning of year $1,780,007 · end of year $854,164

  • 12 · Investments: other securities

    beginning of year $15,720,737 · end of year $22,779,168

  • 15 · Other assets

    beginning of year $2,565,034 · end of year $1,805,178

  • 27 · Net assets without donor restrictions

    beginning of year $860 · end of year $10,509

  • 28 · Net assets with donor restrictions

    beginning of year $21,038,138 · end of year $26,911,447

Mission and programs · 2022

Mission

MANOR PARK FOUNDATION, INC. IS DEDICATED TO PROVIDING SUPPORT IN PERPETUITY FOR MANOR PARK, INC. IN ITS VISION TO BE A RETIREMENT COMMUNITY IN WHICH ALL RESIDENTS LIVE LIFE TO THE FULLEST.

Activities or mission (Part I)

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT MANOR PARK, INC. BY GROWING AND DEVELOPING THE FUNDS HELD FOR THE BENEFIT OF MANOR PARK, INC., WHOSE CHARITABLE PURPOSE IS THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES QUALITY HOUSING AND SERVICES FOR PERSONS WHO ARE 62 YEARS OF AGE OR OLDER, WITHOUT REGARD TO THE RESIDENT'S ABILITY TO PAY AND WHICH IS OPEN AND AVAILABLE TO ALL PERSONS WITHOUT REGARD TO RACE, COLOR CREED OR NATIONAL ORIGIN.

  • DISTRIBUTIONS IN SUPPORT OF MANOR PARK, INC.

    Expenses $838,195 · Grants $549,979

As filed on the 2022 return.

Listed in Part VII

  • STEVE CASTLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KARMEN BRYANT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DON SPARKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRANDON BLACK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • SHAN MOON

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • FERRELL DAVIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GUY MCCRARY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN NELSON

    PRESIDENT & CEO

    Total calculated
    $245,571
    From this org
    $0
    From related orgs
    $224,464
    Other
    $21,107
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,357 related
    Bonus
    $0
    Other
    $0 + $21,107 related
    Deferred
    $0 + $4,582 related
    Nontaxable benefits
    $0 + $16,525 related
    Filer's total
    $0 + $245,571 related

  • TINA BALLARD

    CFO

    Total calculated
    $219,275
    From this org
    $0
    From related orgs
    $205,763
    Other
    $13,512
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,251 related
    Bonus
    $0
    Other
    $0 + $13,512 related
    Deferred
    $0 + $5,129 related
    Nontaxable benefits
    $0 + $8,383 related
    Filer's total
    $0 + $219,275 related

  • AMANDA ELLIS

    DIRECTOR OF FUND DEVELOPMET

    Total calculated
    $152,251
    From this org
    $0
    From related orgs
    $139,113
    Other
    $13,138
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,113 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,710 related
    Nontaxable benefits
    $0 + $11,428 related
    Filer's total
    $0 + $152,251 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

None.

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

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
18 January 2024
IRS schema version
2022v5.0
Source object
202410239349301311

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