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← STEEPLE POINTE SENIOR LIVING COMMUNITY

Form 990 for tax year 2022

Filed by STEEPLE POINTE SENIOR LIVING COMMUNITY.

Totals

Total revenue
$3,199,073
Total expenses
$2,968,588
Contributions and grants received
$17,677
Grants paid
$61,308
Program service revenue
$3,176,723
Investment income
$4,463
Other revenue
$210
Total assets, end of year
$2,396,405
Total liabilities, end of year
$2,197,932
Net assets or fund balances, end of year
$198,473
Program services expenses (Part IX)
$2,411,600
Management and general expenses
$556,988
Fundraising expenses
$0
Program service expenses (Part III)
$2,411,600

Program services were 81.2% 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.

  • 1d · Related organizations

    $17,677

  • 2a · Program service revenue: RESIDENT SERVICES

    total $3,176,723 · related or exempt $3,176,723

  • 3 · Investment income

    total $4,463 · excluded $4,463

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $210 · excluded $210

  • 11e · Other revenue, total

    $210

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,923 · program services $45,923

  • 2 · Grants to domestic individuals

    total $15,385 · program services $15,385

  • 7 · Other salaries and wages

    total $1,535,688 · program services $1,312,872 · management and general $222,816

  • 8 · Pension plan contributions

    total $32,884 · program services $32,884

  • 9 · Other employee benefits

    total $143,859 · program services $143,859

  • 10 · Payroll taxes

    total $115,961 · program services $115,961

  • 11a · Fees: management

    total $168,120 · management and general $168,120

  • 11c · Fees: accounting

    total $6,242 · management and general $6,242

  • 11g · Fees: other

    total $92,899 · program services $60,112 · management and general $32,787

  • 12 · Advertising and promotion

    total $22,107 · management and general $22,107

  • 13 · Office expenses

    total $28,477 · program services $7,778 · management and general $20,699

  • 16 · Occupancy

    total $272,075 · program services $249,925 · management and general $22,150

  • 17 · Travel

    total $2,135 · program services $135 · management and general $2,000

  • 20 · Interest

    total $55,245 · program services $55,037 · management and general $208

  • 22 · Depreciation, depletion and amortization

    total $160,845 · program services $160,845

  • 23 · Insurance

    total $38,436 · management and general $38,436

  • 24a · Other expenses: FOOD

    total $136,791 · program services $136,791

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $64,445 · program services $58,676 · management and general $5,769

  • 24c · Other expenses: MISCELLANEOUS

    total $14,109 · management and general $14,109

  • 24d · Other expenses: EQUIPMENT LEASE

    total $11,307 · program services $11,307

  • 24e · All other expenses

    total $5,655 · program services $4,110 · management and general $1,545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1,363,901 · end of year -$1,159,456

  • 4 · Accounts receivable

    beginning of year $184,903 · end of year $190,874

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

    $5,648,896

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

    $2,446,199

  • 10c · Land, buildings and equipment, net

    beginning of year $3,184,285 · end of year $3,202,697

  • 15 · Other assets

    beginning of year $160,619 · end of year $162,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $406,499 · end of year $489,298

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,696,780 · end of year $1,629,005

  • 21 · Escrow or custodial account liability

    beginning of year $16,939 · end of year $16,299

  • 23 · Secured mortgages and notes payable

    beginning of year $66,604 · end of year $50,520

  • 25 · Other liabilities

    beginning of year $11,096 · end of year $12,810

  • 27 · Net assets without donor restrictions

    beginning of year -$36,513 · end of year $193,972

  • 28 · Net assets with donor restrictions

    beginning of year $4,501 · end of year $4,501

Mission and programs · 2022

Mission

STEEPLE POINTE SENIOR LIVING COMMUNITY IS A CATHOLIC ORGANIZATION ENTRUSTED WITH ADVANCING THE HEALTH CARE MINISTRY OF THE BENEDICTINE SISTERS OF DULUTH, MINNESOTA. OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.

Activities or mission (Part I)

OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.

  • OPERATION OF BENEDICTINE LIVING COMMUNITY - OSSEO IS A 59 BED ASSISTED LIVING FACILITY IN OSSEO, MINNESOTA. THE FACILITY HAD 93.7% OCCUPANCY AND SERVED 82 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/23.

    Expenses $2,411,600 · Grants $61,308 · Revenue $3,176,723

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Hoel

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeffery Benson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Taylor Hack

    VP OF BHS

    Total calculated
    $224,127
    From this org
    $0
    From related orgs
    $167,806
    Other
    $56,321
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,302 related
    Bonus
    $0 + $6,487 related
    Other
    $0 + $6,017 related
    Deferred
    $0 + $30,013 related
    Nontaxable benefits
    $0 + $26,308 related
    Filer's total
    $0 + $224,127 related

  • Lynette Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Carley

    CEO OF BHS

    Total calculated
    $812,410
    From this org
    $0
    From related orgs
    $654,097
    Other
    $158,313
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,906 related
    Bonus
    $0 + $13,264 related
    Other
    $0 + $108,927 related
    Deferred
    $0 + $134,579 related
    Nontaxable benefits
    $0 + $23,734 related
    Filer's total
    $0 + $812,410 related

  • Kevin Rymanowski

    CFO OF BHS

    Total calculated
    $472,789
    From this org
    $0
    From related orgs
    $389,056
    Other
    $83,733
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,257 related
    Bonus
    $0 + $6,421 related
    Other
    $0 + $38,378 related
    Deferred
    $0 + $65,610 related
    Nontaxable benefits
    $0 + $18,123 related
    Filer's total
    $0 + $472,789 related

  • Reid Hewitt

    EXECUTIVE DIRECTOR

    Total calculated
    $171,233
    From this org
    $0
    From related orgs
    $149,794
    Other
    $21,439
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,702 related
    Bonus
    $0 + $2,517 related
    Other
    $0 + $8,575 related
    Deferred
    $0 + $20,786 related
    Nontaxable benefits
    $0 + $653 related
    Filer's total
    $0 + $171,233 related

  • Joshua Achuka

    DIRECTOR OF NURSING

    Total calculated
    $112,678
    From this org
    $102,497
    From related orgs
    $0
    Other
    $10,181
    Hours/week
    40

  • Tia Bowe

    FORMER VP OF BHS

    Total calculated
    $239,931
    From this org
    $0
    From related orgs
    $235,794
    Other
    $4,137
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,124 related
    Bonus
    $0
    Other
    $0 + $39,670 related
    Deferred
    $0 + $4,137 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,931 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

The filer's explanations (Part III)

PART III - ADDITIONAL INFORMATION
BENEDICTINE HEALTH SYSTEM'S (EIN: 41-1531892) CEO, JERRY CARLEY, SHARE THEIR TIME BETWEEN THE REPORTING ORGANIZATION AND THE FOLLOWING RELATED ORGANIZATIONS. THE CEO IS COMPENSATED BY BENEDICTINE HEALTH SYSTEM, A RELATED ORGANIZATION. THIS ORGANIZATION USES THE FOLLOWING TO SET CEO/ ADMINISTRATIVE COMPENSATIONS: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

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 corporations and trusts

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

  • BENEDICTINE GROUP SELF-INSURANCE ASSOCIATION

    S · WORKERS' COMPENSATION PROGRAM · MN

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411309349304186

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