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Nonprofiteer
← PRESBYTERIAN VILLAGES OF MICHIGAN

Form 990 for tax year 2023

Filed by PRESBYTERIAN VILLAGES OF MICHIGAN.

Totals

Total revenue
$18,960,903
Total expenses
$10,128,691
Contributions and grants received
$12,594,717
Grants paid
$0
Program service revenue
$5,330,820
Investment income
$326,014
Other revenue
$709,352
Total assets, end of year
$49,284,700
Total liabilities, end of year
$8,903,718
Net assets or fund balances, end of year
$40,380,982
Program services expenses (Part IX)
$1,434,315
Management and general expenses
$8,694,376
Fundraising expenses
$0
Program service expenses (Part III)
$1,434,315

Program services were 14.2% 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.

  • 1f · All other contributions, gifts and grants

    $12,594,717

  • 2a · Program service revenue: Management fees

    total $3,355,754 · related or exempt $3,355,754

  • 2b · Program service revenue: Development fees

    total $1,499,819 · related or exempt $1,499,819

  • 2c · Program service revenue: EJNP management fees

    total $9,000 · related or exempt $9,000

  • 2d · Program service revenue: EJNP rental income

    total $466,247 · related or exempt $466,247

  • 3 · Investment income

    total $187,711 · related or exempt $187,711

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,878 · related or exempt $1,878

  • 7a · Gross sales of assets other than inventory

    other assets $282,631

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

    other assets $146,206

  • 7c · Gain or loss

    other assets $136,425

  • 7d · Net gain or loss

    total $136,425

  • 10a · Gross sales of inventory

    $886,024

  • 10b · Cost of goods sold

    $236,016

  • 10c · Net income from sales of inventory

    total $650,008

  • 11d · All other revenue

    total $59,344 · related or exempt $59,344

  • 11e · Other revenue, total

    $59,344

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,626,948 · management and general $2,626,948

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,101,976 · program services $394,808 · management and general $1,707,168

  • 8 · Pension plan contributions

    total $62,206 · program services $5,193 · management and general $57,013

  • 9 · Other employee benefits

    total $395,777 · program services $33,043 · management and general $362,734

  • 10 · Payroll taxes

    total $291,902 · program services $32,206 · management and general $259,696

  • 11a · Fees: management

    total $18,312 · management and general $18,312

  • 11b · Fees: legal

    total $200,712 · program services $8,066 · management and general $192,646

  • 11c · Fees: accounting

    total $86,063 · management and general $86,063

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $292,819 · program services $1,200 · management and general $291,619

  • 12 · Advertising and promotion

    total $111,506 · management and general $111,506

  • 13 · Office expenses

    total $64,342 · program services $579 · management and general $63,763

  • 14 · Information technology

    total $562,552 · program services $31,933 · management and general $530,619

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $495,924 · program services $191,441 · management and general $304,483

  • 17 · Travel

    total $273,672 · program services $13,316 · management and general $260,356

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $15,518 · management and general $15,518

  • 20 · Interest

    total $316,919 · program services $10,889 · management and general $306,030

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $267,398 · program services $214,449 · management and general $52,949

  • 23 · Insurance

    total $69,024 · program services $31,000 · management and general $38,024

  • 24a · Other expenses: fees

    total $674,985 · program services $473,980 · management and general $201,005

  • 24e · All other expenses

    total $1,200,136 · program services -$7,788 · management and general $1,207,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,789,718 · end of year $1,248,207

  • 2 · Savings and temporary cash investments

    beginning of year $1,007,302

  • 4 · Accounts receivable

    beginning of year $7,834,737 · end of year $3,705,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $263,112 · end of year $178,927

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

    $9,062,830

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

    $3,301,212

  • 10c · Land, buildings and equipment, net

    beginning of year $6,756,269 · end of year $5,775,295

  • 11 · Investments: publicly traded securities

    beginning of year $32,022 · end of year $33,481

  • 15 · Other assets

    beginning of year $26,328,544 · end of year $38,342,845

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,993,715 · end of year $3,277,937

  • 19 · Deferred revenue

    beginning of year $1,016,719 · end of year $810,993

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,991 · end of year $719,372

  • 23 · Secured mortgages and notes payable

    beginning of year $895,300

  • 25 · Other liabilities

    beginning of year $5,358,051 · end of year $4,095,416

  • 27 · Net assets without donor restrictions

    beginning of year $31,215,606 · end of year $40,380,982

  • 28 · Net assets with donor restrictions

    beginning of year $523,322

Mission and programs · 2023

Mission

Guided by our Christian heritage, we serve seniors of all faiths and to create new possibilities for quality living.

  • A non-profit faith-based organization that sponsors, develops, advocates, operates and manages diverse services, programs, care and facilities for older adults touching the lives of approximately 7,500 persons

    Expenses $1,434,315 · Revenue $18,960,903

As filed on the 2023 return.

Listed in Part VII

  • Roger Myers

    President and CEO

    Total calculated
    $486,718
    From this org
    $486,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $425,614
    Bonus
    $52,855
    Other
    $8,249
    Deferred
    $6,090
    Nontaxable benefits
    $17,383
    Filer's total
    $510,191

  • Brian Carnaghi

    Treasurer and CFO

    Total calculated
    $314,570
    From this org
    $314,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $284,755
    Bonus
    $26,546
    Other
    $3,269
    Deferred
    $5,827
    Nontaxable benefits
    $18,291
    Filer's total
    $338,688

  • Bruce Blalock

    SVP of Finance OG

    Total calculated
    $259,847
    From this org
    $259,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,615
    Bonus
    $9,375
    Other
    $857
    Deferred
    $1,542
    Nontaxable benefits
    $588
    Filer's total
    $261,977

  • LaDonna Holley

    Sr VP of Human Resources

    Total calculated
    $237,550
    From this org
    $237,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $216,801
    Bonus
    $19,892
    Other
    $857
    Deferred
    $3,282
    Nontaxable benefits
    $2,088
    Filer's total
    $242,920

  • Mark Kronner

    Chief Technology Officer

    Total calculated
    $185,611
    From this org
    $185,611
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,150
    Bonus
    $15,413
    Other
    $1,048
    Deferred
    $3,393
    Nontaxable benefits
    $588
    Filer's total
    $189,592

  • Lynn Alexander

    Sr VP of Public Relations

    Total calculated
    $176,290
    From this org
    $176,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,802
    Bonus
    $14,847
    Other
    $1,640
    Deferred
    $3,133
    Nontaxable benefits
    $564
    Filer's total
    $179,986

  • Katrina Summersett

    Dir of Risk Management

    Total calculated
    $157,238
    From this org
    $157,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,181
    Bonus
    $13,700
    Other
    $357
    Deferred
    $3,007
    Nontaxable benefits
    $17,305
    Filer's total
    $177,550

  • Ian Wiesner

    VP of Facilities Dev

    Total calculated
    $156,953
    From this org
    $156,953
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,719
    Bonus
    $4,166
    Other
    $68
    Deferred
    $1,047
    Nontaxable benefits
    $27,353
    Filer's total
    $185,353

  • Kevin Petru

    Dir of Real Estate

    Total calculated
    $151,785
    From this org
    $151,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,515
    Bonus
    $8,715
    Other
    $1,555
    Deferred
    $2,852
    Nontaxable benefits
    $1,188
    Filer's total
    $155,825

  • Kushant Shah

    VP of Finance

    Total calculated
    $134,560
    From this org
    $134,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kesha Daniels

    Dir of Housing Oper

    Total calculated
    $133,822
    From this org
    $133,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anjuree Moore

    Dir of HR

    Total calculated
    $120,247
    From this org
    $120,247
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stacey Welford

    Accounting Manager

    Total calculated
    $111,757
    From this org
    $111,757
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Henry Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yvette Aline Meke Tchonang

    Director

    Total calculated
    $0
    Hours/week
    1

  • Johnnie Jackson

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Duane Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn Graddy-Dansby

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Frauenheim

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Hollowell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Dr Lynda Jeffries

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Ted Payne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Roshunda Price

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Ley

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Hastings

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Gompers

    Ex Officio

    Total calculated
    $0
    Hours/week
    1

  • Martha Nield

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Rev Dr Louis Prues

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Nathan Sheffer

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Imesh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Tommasulo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Jankowski

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Lovegren

    Director

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

Part I Line 6b
Selected members of senior management are eligible to participate in an Executive Incentive Compensation Program if selected financial and quality targets are achieved across the entire Presbyterian Villages of Michigan system

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.

Disregarded entities

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

  • MLK Gibson Devel Co LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • Opdyke Kirkman Devel Co LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • Garfield Six Devel Co LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PVM EJNP Development CO LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PV North LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • 5221 Lakeshore LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PVM Jeffries LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PV West LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PVM University Meadows LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • PV North II LP LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • Redford Manor LP LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

  • Lake Huron Woods LP LLC

    development of senior housing · MI

    Directly controlled by Presbyterian Villages of Michigan

Related partnerships

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

  • Pontiac ILF LDHA LP

    Related · senior housing · MI · 0.05% owned · general or managing partner

    Directly controlled by PV North LLC

  • Lake Huron Woods Associates LDHA LP

    Related · senior housing · MI · 0.01% owned · general or managing partner

    Directly controlled by 5221 Lakeshore

  • Redford Manor LDHA LP

    Related · senior housing · MI · 0.01% owned · share of income -$171,962 · share of assets $604,160 · general or managing partner

    Directly controlled by Redford Manor LLC

  • Woodbridge ILF LDHA LP

    Related · senior housing · MI · 0.1% owned · general or managing partner

    Directly controlled by PVM Jeffries LLC

  • Gibraltar Manor LDHA LP

    Related · senior housing · MI · 0.005% owned · general or managing partner

    Directly controlled by Gibraltar Manor Development

  • Oakland Woods LDHA LP

    Related · senior housing · MI · 0.01% owned · general or managing partner

    Directly controlled by PV North II LLC

  • Blackman LDHA LP

    Related · senior housing · MI · 0.01% owned · share of income -$243,584 · share of assets $280,647 · general or managing partner

    Directly controlled by PV West LLC

  • Gibraltar Manor Dev Co

    Related · senior housing · MI · 50% owned · general or managing partner

  • PV North II LLC

    Related · senior housing · MI · 100% owned · general or managing partner

  • Detroit Affordable Assisted Lvg LDHA

    Related · senior housing · MI · 0.01% owned

    Directly controlled by UMRC Detroit AAL Inc

  • PVM Detroit AAL Inc

    Related · senior housing · MI · 100% owned · general or managing partner

  • Hartford-PVM LLC

    Related · senior housing · MI · 50% owned

  • PVM EJNP AAL LLC

    Related · senior housing · MI · 100% owned · general or managing partner

  • Redford Cottages LDHA LP

    Related · senior housing · MI · 0.01% owned · share of income -$328,007 · share of assets $3,128,810 · general or managing partner

    Directly controlled by Redford Cottages LLC

  • Redford Cottages LLC

    Related · senior housing · MI · 100% owned

  • Hillside LDHA LP

    Related · senior housing · MI · 0.01% owned · share of income -$34 · share of assets $3,362,018 · general or managing partner

    Directly controlled by Hillside Development LLC

  • Hillside Development LLC

    Related · senior housing · MI · 100% owned

  • Redford Manor LLC

    Related · senior housing · MI · 0.01% owned · general or managing partner

  • PV North LP LLC

    Related · senior housing · MI · 100% owned

  • PVM Jeffries LP LLC

    Related · senior housing · MI · 100% owned

  • LHW 9 LDHA LP

    Related · senior housing · MI · 0.01% owned

    Directly controlled by LHW 9 GP LLC

  • LHW 4 LDHA LP

    Related · senior housing · MI · 0.01% owned

    Directly controlled by LHW 4 GP LLC

  • 5221 Lakeshore II LLC

    Related · senior housing · MI · 100% owned

  • LHW 9 GP LLC

    Related · senior housing · MI · 100% owned

  • LHW 4 GP LLC

    Related · senior housing · MI · 100% owned

  • PV West LP LLC

    Related · senior housing · MI · 100% owned

  • PVM E Court Street LLC

    Related · senior housing · MI · 100% owned

  • Alpena Village LLC

    Related · senior housing · MI · 100% owned

  • Alpena Pines LDHA LP

    Related · senior housing · MI · 0.01% owned

    Directly controlled by Alpena Village LLC

  • 4 Westland LDHA LP

    Related · senior housing · MI · 0.01% owned

    Directly controlled by 4 Westland GP LLC

  • 4 Westland GP LLC

    Related · senior housing · MI · 100% owned

  • 9 Westland LDHA LP

    Related · senior housing · MI · 0.01% owned

    Directly controlled by 9 Westland GP LLC

  • 9 Westland GP LLC

    Related · senior housing · MI · 100% owned

  • PVM West REAC LLC

    Related · senior housing · MI · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
4 June 2024
IRS schema version
2023v5.0
Source object
202421569349300337

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