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Nonprofiteer
← EAGLES TRACE INC

Form 990 for tax year 2022

Filed by EAGLES TRACE INC.

Totals

Total revenue
$59,248,433
Total expenses
$64,496,073
Contributions and grants received
$935,070
Grants paid
$90,081
Program service revenue
$48,236,868
Investment income
$9,893,670
Other revenue
$182,825
Total assets, end of year
$411,591,225
Total liabilities, end of year
$446,017,789
Net assets or fund balances, end of year
-$34,426,564
Program services expenses (Part IX)
$54,773,635
Management and general expenses
$9,722,438
Fundraising expenses
$0
Program service expenses (Part III)
$54,773,635

Program services were 84.9% 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.

  • 1e · Government grants (contributions)

    $222,645

  • 1f · All other contributions, gifts and grants

    $712,425

  • 1g · Noncash contributions included above

    $8,765

  • 2a · Program service revenue: RESIDENT FEES

    total $40,753,785 · related or exempt $40,753,785

  • 2b · Program service revenue: ANCILLARY FEES

    total $5,194,001 · related or exempt $5,194,001

  • 2c · Program service revenue: RESIDENT DEPOSITS

    total $2,271,414 · related or exempt $2,271,414

  • 2d · Program service revenue: PROCESSING FEES

    total $17,668 · related or exempt $17,668

  • 3 · Investment income

    total $9,880,190 · excluded $9,880,190

  • 6a · Gross rents

    real property $173,945

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $173,945

  • 6d · Net rental income or loss

    total $173,945 · excluded $173,945

  • 7a · Gross sales of assets other than inventory

    other assets $13,480

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

    other assets $0

  • 7c · Gain or loss

    other assets $13,480

  • 7d · Net gain or loss

    total $13,480 · excluded $13,480

  • 11a · Other revenue: PANDEMIC RELATED RESID

    total $8,880 · excluded $8,880

  • 11e · Other revenue, total

    $8,880

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,362 · program services $9,362

  • 2 · Grants to domestic individuals

    total $80,719 · program services $80,719

  • 5 · Compensation of officers, directors and key employees

    total $426,593 · management and general $426,593

  • 7 · Other salaries and wages

    total $15,620,040 · program services $12,436,870 · management and general $3,183,170

  • 8 · Pension plan contributions

    total $275,896 · program services $199,184 · management and general $76,712

  • 9 · Other employee benefits

    total $2,132,935 · program services $1,537,332 · management and general $595,603

  • 10 · Payroll taxes

    total $1,249,307 · program services $991,195 · management and general $258,112

  • 11a · Fees: management

    total $2,072,222 · program services $2,072,222

  • 11b · Fees: legal

    total $336 · management and general $336

  • 11c · Fees: accounting

    total $57,470 · program services $4,043 · management and general $53,427

  • 11g · Fees: other

    total $6,276,520 · program services $1,921,011 · management and general $4,355,509

  • 12 · Advertising and promotion

    total $2,649,424 · program services $2,649,424

  • 13 · Office expenses

    total $4,644,273 · program services $4,067,891 · management and general $576,382

  • 16 · Occupancy

    total $9,343,567 · program services $9,334,516 · management and general $9,051

  • 17 · Travel

    total $161,424 · program services $79,038 · management and general $82,386

  • 20 · Interest

    total $8,885,635 · program services $8,885,635

  • 22 · Depreciation, depletion and amortization

    total $8,187,708 · program services $8,187,708

  • 23 · Insurance

    total $603,470 · program services $603,470

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $1,504,139 · program services $1,483,212 · management and general $20,927

  • 24b · Other expenses: CHARITY CARE

    total $182,191 · program services $182,191

  • 24c · Other expenses: RESIDENT RELATIONS

    total $132,842 · program services $48,612 · management and general $84,230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,212 · end of year $2,287

  • 2 · Savings and temporary cash investments

    beginning of year $11,785,369 · end of year $7,091,160

  • 4 · Accounts receivable

    beginning of year $1,009,581 · end of year $1,171,177

  • 7 · Other notes and loans receivable

    beginning of year $193,910,903 · end of year $206,565,080

  • 8 · Inventories for sale or use

    beginning of year $135,485 · end of year $95,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $184,369 · end of year $248,393

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

    $236,918,035

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

    $43,164,742

  • 10c · Land, buildings and equipment, net

    beginning of year $182,304,308 · end of year $193,753,293

  • 11 · Investments: publicly traded securities

    beginning of year $3,146,225 · end of year $2,664,243

  • 12 · Investments: other securities

    beginning of year $148 · end of year $146

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,245,794 · end of year $8,203,029

  • 21 · Escrow or custodial account liability

    beginning of year $2,600,600 · end of year $644,500

  • 25 · Other liabilities

    beginning of year $410,263,782 · end of year $437,170,260

  • 27 · Net assets without donor restrictions

    beginning of year -$32,238,306 · end of year -$37,718,940

  • 28 · Net assets with donor restrictions

    beginning of year $3,606,730 · end of year $3,292,376

Mission and programs · 2022

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - EAGLE'S TRACE, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Activities or mission (Part I)

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

  • EAGLE'S TRACE, INC. PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 835 INDEPENDENT LIVING UNITS, 28 ASSISTED LIVING UNITS, 44 SKILLED NURSING BEDS, AND 36 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

    Expenses $54,773,635 · Grants $90,081 · Revenue $48,236,868

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

Listed in Part VII

  • FREDICK W HAAS

    DIRECTOR (THRU 3/31/22)

    Total calculated
    $37,500
    From this org
    $0
    From related orgs
    $37,500
    Other
    $0
    Hours/week
    0.1 + 15.3 related

  • JAMES P HAYES

    DIRECTOR (THRU 3/31/22)

    Total calculated
    $38,125
    From this org
    $0
    From related orgs
    $38,125
    Other
    $0
    Hours/week
    0.1 + 8.4 related

  • C JACKSON BAIN

    DIRECTOR

    Total calculated
    $87,500
    From this org
    $0
    From related orgs
    $87,500
    Other
    $0
    Hours/week
    0.1 + 6.6 related

  • BARBARA C BISGAIER

    DIRECTOR

    Total calculated
    $110,000
    From this org
    $0
    From related orgs
    $110,000
    Other
    $0
    Hours/week
    0.1 + 9.5 related

  • MARY D COLINS

    SECRETARY

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    0.1 + 7.7 related

  • EILEEN G ERSTAD

    VICE CHAIR & VP/TREASURER

    Total calculated
    $161,875
    From this org
    $0
    From related orgs
    $161,875
    Other
    $0
    Hours/week
    0.1 + 21.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,875 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $161,875 related

  • REV DR ZINA JACQUE

    DIRECTOR

    Total calculated
    $187,500
    From this org
    $0
    From related orgs
    $187,500
    Other
    $0
    Hours/week
    0.1 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $187,500 related

  • STEPHANIE L REEL

    DIRECTOR

    Total calculated
    $134,315
    From this org
    $0
    From related orgs
    $134,315
    Other
    $0
    Hours/week
    0.1 + 9.1 related

  • MICHAEL W ROSKIEWICZ

    PRESIDENT

    Total calculated
    $100,000
    From this org
    $0
    From related orgs
    $100,000
    Other
    $0
    Hours/week
    1 + 6.3 related

  • ARNOLD SPEERT

    DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    0.1 + 6.2 related

  • PATRICIA M BROWN

    DIRECTOR (BEG 4/1/22)

    Total calculated
    $76,833
    From this org
    $0
    From related orgs
    $76,833
    Other
    $0
    Hours/week
    0.1 + 7.1 related

  • PAMELA D PAULK

    DIRECTOR (BEG 4/1/22)

    Total calculated
    $76,833
    From this org
    $0
    From related orgs
    $76,833
    Other
    $0
    Hours/week
    0.1 + 6.1 related

  • MONTY C LEONARD

    DIRECTOR (BEG 4/1/22)

    Total calculated
    $76,833
    From this org
    $0
    From related orgs
    $76,833
    Other
    $0
    Hours/week
    0.1 + 10.2 related

  • MARK EMBLEY

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 7.5 related

  • STEPHEN AIGNER

    EXECUTIVE DIRECTOR

    Total calculated
    $257,459
    From this org
    $237,104
    From related orgs
    $0
    Other
    $20,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,826
    Bonus
    $46,500
    Other
    $2,778
    Deferred
    $7,280
    Nontaxable benefits
    $13,075
    Filer's total
    $257,459

  • JOSHUA CHANG

    DIRECTOR OF FINANCE

    Total calculated
    $169,134
    From this org
    $150,250
    From related orgs
    $0
    Other
    $18,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,201
    Bonus
    $19,450
    Other
    $599
    Deferred
    $4,515
    Nontaxable benefits
    $14,369
    Filer's total
    $169,134

  • JODIE SCHROEDER

    SALES COUNSELOR

    Total calculated
    $145,439
    From this org
    $141,760
    From related orgs
    $0
    Other
    $3,679
    Hours/week
    40

  • JENNA PASCALL

    DIRECTOR, NURSING

    Total calculated
    $144,076
    From this org
    $139,653
    From related orgs
    $0
    Other
    $4,423
    Hours/week
    40

  • MICHELLE ESPIRITU-CAMATO

    MANAGER, REHABILITATION

    Total calculated
    $140,083
    From this org
    $113,632
    From related orgs
    $0
    Other
    $26,451
    Hours/week
    40

  • KIMBERLY THIES

    MANAGER, SALES

    Total calculated
    $116,511
    From this org
    $107,787
    From related orgs
    $0
    Other
    $8,724
    Hours/week
    40

  • HAVEN BENOIT

    PERSONAL MOVING CONSULTANT

    Total calculated
    $110,204
    From this org
    $100,688
    From related orgs
    $0
    Other
    $9,516
    Hours/week
    40

  • E MICHELLE BOHREER

    FORMER PRESIDENT

    Total calculated
    $135,625
    From this org
    $0
    From related orgs
    $135,625
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $135,625 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $135,625 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
SEVERANCE PAYMENT, MICHELLE BOHREER - $135,625.
PART I, LINE 7
THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR.
FORM 990, SCHEDULE J, PART II:
STEPHEN AIGNER AND JOSHUA CHANG ARE LISTED IN SCHEDULE J, PART II AND ARE EMPLOYEES OF ERICKSON SENIOR LIVING, LLC ("ESL"), AN UNRELATED ORGANIZATION TO EAGLE'S TRACE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN EAGLE'S TRACE, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THESE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, EAGLE'S TRACE, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR EAGLE'S TRACE, INC.

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.

  • ANN'S CHOICE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • ASHBY PONDS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • AVERY POINT INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BETHESDA NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BROOKSBY VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • CEDAR CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • FAIRFAX NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • FOX RUN VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • GREENSPRING VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • HIGHLAND SPRINGS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • LANTERN HILL INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • LINDEN PONDS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MARIS GROVE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MATTHEWS NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • NATIONAL SENIOR COMMUNITIES INC

    501(C)(3) · SUPPORTING ORGANIZATION · MD

  • OAK CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • RIDERWOOD VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • SEABROOK VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • TALLGRASS CREEK INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • WIND CREST INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

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.

Disregarded entities

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

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

  • THE TALON BAR COMPANY

    C · TO HOLD THE LIQUOR LICENSE FOR THE EAGLE'S TRACE RETIREMENT COMMUNITY · TX · 100% owned · share of income $99,116 · controlled entity

    Directly controlled by EAGLE'S TRACE INC

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202333109349303723

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