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← MULTI-FAITH RETIREMENT SERVICES LIVE OAK RETIREMENT CENTER

Form 990 for tax year 2023

Filed by MULTI-FAITH RETIREMENT SERVICES LIVE OAK RETIREMENT CENTER.

Totals

Total revenue
$12,976,793
Total expenses
$13,989,408
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,518,496
Investment income
$585
Other revenue
$457,712
Total assets, end of year
$13,466,404
Total liabilities, end of year
$7,082,535
Net assets or fund balances, end of year
$6,383,869
Program services expenses (Part IX)
$11,297,884
Management and general expenses
$2,691,524
Fundraising expenses
$0
Program service expenses (Part III)
$11,297,884

Program services were 80.8% 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: PROG.SERV.REVENUE-EXCLUDED-990

    total $12,518,496 · related or exempt $12,518,496

  • 3 · Investment income

    total $585 · excluded $585

  • 6a · Gross rents

    real property $342,719

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $342,719

  • 6d · Net rental income or loss

    total $342,719 · excluded $342,719

  • 11a · Other revenue: MISCELLANEOUS

    total $114,993 · excluded $114,993

  • 11e · Other revenue, total

    $114,993

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,164,693 · program services $4,017,320 · management and general $1,147,373

  • 8 · Pension plan contributions

    total -$8,264 · program services -$6,428 · management and general -$1,836

  • 9 · Other employee benefits

    total $734,426 · program services $571,268 · management and general $163,158

  • 10 · Payroll taxes

    total $377,946 · program services $293,983 · management and general $83,963

  • 11c · Fees: accounting

    total $24,400 · management and general $24,400

  • 12 · Advertising and promotion

    total $1,778 · management and general $1,778

  • 13 · Office expenses

    total $57,648 · program services $41,100 · management and general $16,548

  • 16 · Occupancy

    total $448,106 · program services $348,556 · management and general $99,550

  • 17 · Travel

    total $4,167 · program services $678 · management and general $3,489

  • 22 · Depreciation, depletion and amortization

    total $842,859 · program services $577,218 · management and general $265,641

  • 23 · Insurance

    total $1,035,732 · program services $805,637 · management and general $230,095

  • 24a · Other expenses: CONSULTING

    total $1,542,630 · program services $1,441,412 · management and general $101,218

  • 24b · Other expenses: MEDICAL EXPENSE

    total $1,408,422 · program services $1,408,422

  • 24c · Other expenses: FOOD COST

    total $1,122,715 · program services $1,122,715

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $489,464 · management and general $489,464

  • 24e · All other expenses

    total $742,686 · program services $676,003 · management and general $66,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $868,742 · end of year $3,369,874

  • 2 · Savings and temporary cash investments

    beginning of year $250,258 · end of year $252,758

  • 4 · Accounts receivable

    beginning of year $2,223,893 · end of year $1,722,896

  • 8 · Inventories for sale or use

    beginning of year $69,421 · end of year $68,991

  • 9 · Prepaid expenses and deferred charges

    beginning of year $879,904 · end of year $80,465

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

    $34,102,739

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

    $26,131,782

  • 10c · Land, buildings and equipment, net

    beginning of year $8,629,971 · end of year $7,970,957

  • 15 · Other assets

    beginning of year $463 · end of year $463

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,862,710 · end of year $6,385,664

  • 24 · Unsecured notes and loans payable

    beginning of year $400,000 · end of year $400,000

  • 25 · Other liabilities

    beginning of year $263,456 · end of year $296,871

  • 27 · Net assets without donor restrictions

    beginning of year $7,396,486 · end of year $6,383,869

Mission and programs · 2023

Mission

LIVE OAK IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF SENIOR ADULTS. WE PROMOTE HEALTH AND WELL-BEING BY PROVIDING A VIBRANT, MULTIFAITH CONTINUING CARE COMMUNITY OFFERING SERVICES TO ENGAGE SPIRITUAL, SOCIAL AND PHYSICAL NEEDS.

Activities or mission (Part I)

PROVIDING HOUSING, HEALTHCARE AND RELATED SERVICES TO THE ELDERLY

  • PROVIDING HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A RETIREMENT COMMUNITY CONSISTING OF 154-STAFFED BED SKILLED NURSING FACILITY AND 119 INDEPENDENT LIVING UNITS. THE CENTER PROVIDED 35,040 DAYS OF NURSING SERVICES DURING THE FISCAL YEAR ENDING SEPTEMBER 30,2024, WHICH IS AN AVERAGE OF 96 PATIENTS PER DAY. THE CENTER'S INDEPENDENT LIVING HAD A TOTAL OF 34,675 RESIDENT DAYS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, WHICH IS AN AVERAGE OF 95 RESIDENTS PER DAY.

    Expenses $11,297,884 · Revenue $12,518,496

As filed on the 2023 return.

Listed in Part VII

  • Jerry A Fielder II

    PRESIDENT/CEO/TRUSTEE

    Total calculated
    $2,646,411
    From this org
    $0
    From related orgs
    $2,614,964
    Other
    $31,447
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $1,154,982 related
    Bonus
    $0
    Other
    $0 + $1,459,982 related
    Deferred
    $0 + $1,278 related
    Nontaxable benefits
    $0 + $30,169 related
    Filer's total
    $0 + $2,646,411 related

  • James K Elrod

    FORMER CEO/TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Pierre V Blanchard IV MD

    TRUSTEE/PHYSICIAN

    Total calculated
    $236,166
    From this org
    $0
    From related orgs
    $223,932
    Other
    $12,234
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $199,996 related
    Bonus
    $0 + $2,308 related
    Other
    $0 + $21,628 related
    Deferred
    $0 + $1,953 related
    Nontaxable benefits
    $0 + $10,281 related
    Filer's total
    $0 + $236,166 related

  • Frank B Hughes MD

    TRUSTEE/CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Deborah D Olds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Richard H Sale

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Eugene W Bryson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Elaine Simpkins PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Raymond J Lasseigne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Lamar P Pugh

    TRUSTEE/COMPLIANCE OFFICER

    Total calculated
    $0
    Hours/week
    4

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this 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)

FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)
EXPLANATION OF PART II, COLUMN (B)(III) OTHER COMPENSATION JERRY A. FIELDER,II UNUSED SICK PAY-$21,808 VALUE ADDED FOR COMPUTER USAGE-$200 VALUE ADDED FOR CELL PHONE USAGE-$1,169 COST OF GROUP TERM LIFE INSURANCE IN EXCESS OF $50,000-$2,359 SECTION 457(B) DEFERRED COMPENSATION PLAN-$22,500 EMPLOYEE CAFETERIA PLAN CONTRIBUTIONS-$(7,770) VALUE ADDED FOR CABLE/INTERNET-$2,216 SEVERANCE PAY-$1,417,500** TOTAL--$1,459,982 **THE INCREASE IN GROSS SEVERANCE BENEFIT, TO BE PAID TO MR. FIELDER ON TERMINATION OF EMPLOYMENT (AS ADDITIONAL COMPENSATION FOR EACH OF HIS YEARS OF SERVICE TO WILLIS-KNIGHTON MEDICAL CENTER), WAS TAXABLE DURING 2023, AND ACCORDINGLY, WAS INCLUDED IN HIS 2023 FORM W-2. WILLIS-KNIGHTON DISBURSED TO THE INTERNAL REVENUE SERVICE AND TO THE LOUISIANA DEPARTMENT OF REVENUE THE REQUIRED TAX WITHHOLDING. WILLIS-KNIGHTON DID NOT PAY MR. FIELDER THE NET-OF-TAX AMOUNT OF THIS COMPENSATION, BUT, UNDER THE TERMS OF THE AGREEMENT, THE MEDICAL CENTER IS RETAINING THE NET-OF-TAX AMOUNT UNTIL HIS EMPLOYMENT TERMINATES. ACCORDINGLY, THERE WAS NO CURRENT DISBURSEMENT TO MR. FIELDER FOR SEVERANCE PAY. PIERRE V. BLANCHARD,IV, M.D. COST OF GROUP TERM LIFE INSURANCE IN EXCESS OF $50,000-$3,214 SECTION 457(B) DEFERRED COMPENSATION PLAN-$22,500 SHARED SAVINGS QUALITY PROGRAM-$524 EMPLOYEE CAFETERIA PLAN CONTRIBUTIONS-$(4,610) TOTAL--$21,628 EXPLANATION OF PART II, COLUMN (C) DEFERRED COMPENSATION THIS EMPLOYEE PARTICIPATES IN A DEFINED BENEFIT PENSION PLAN, THE CONTRIBUTIONS TO WHICH ARE ACTUARIALLY DETERMINED. THE AMOUNT SHOWN IS THE INCREASE IN THE ANNUAL VESTED BENEFIT AT NORMAL RETIREMENT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 (NOT DISCOUNTED TO PRESENT VALUE) (NORMAL RETIREMENT IS AGE 65 WITH 5 YEARS OF PARTICIPATION). EXPLANATION OF PART II, COLUMN (D) NONTAXABLE BENEFITS INCLUDED IN THIS COLUMN IS THE COST OF THE FOLLOWING NONTAXABLE BENEFITS: LONG-TERM DISABILITY INCOME INSURANCE PLAN, GROUP TERM-LIFE INSURANCE, AND THE ESTIMATED COST OF SELF-FUNDED HEALTH INSURANCE PLAN.

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 corporations and trusts

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

  • HEALTH PLUS OF LOUISIANA INC

    C · THIRD-PARTY ADMINISTRATOR · LA

    Directly controlled by WILLIS-KNIGHTON MEDICAL CENTER

  • HPL INSURANCE AGENCY INC

    C · HEALTH INSURANCE AGENT · LA

    Directly controlled by WILLIS-KNIGHTON MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202512199349300536

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