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Nonprofiteer
← ALL SAINTS RETIREMENT CENTER INC

Form 990 for tax year 2022

Filed by ALL SAINTS RETIREMENT CENTER INC.

Totals

Total revenue
$2,142,775
Total expenses
$1,675,133
Contributions and grants received
$25
Grants paid
$0
Program service revenue
$2,125,875
Investment income
$4,496
Other revenue
$12,379
Total assets, end of year
$10,072,368
Total liabilities, end of year
$11,478,639
Net assets or fund balances, end of year
-$1,406,271
Program services expenses (Part IX)
$1,553,838
Management and general expenses
$121,295
Fundraising expenses
$0
Program service expenses (Part III)
$1,553,838

Program services were 92.8% 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.

  • 1f · All other contributions, gifts and grants

    $25

  • 2a · Program service revenue: RESIDENTIAL RENT

    total $2,045,214 · related or exempt $2,045,214

  • 2b · Program service revenue: PARKING

    total $53,740 · related or exempt $53,740

  • 2c · Program service revenue: RESIDENT CHARGES

    total $26,921 · related or exempt $26,921

  • 3 · Investment income

    total $4,496 · excluded $4,496

  • 11d · All other revenue

    total $12,379 · excluded $12,379

  • 11e · Other revenue, total

    $12,379

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $305,705 · program services $229,557 · management and general $76,148

  • 11c · Fees: accounting

    total $11,153 · management and general $11,153

  • 11g · Fees: other

    total $13,409 · program services $12,402 · management and general $1,007

  • 12 · Advertising and promotion

    total $4,434 · management and general $4,434

  • 13 · Office expenses

    total $2,998 · management and general $2,998

  • 14 · Information technology

    total $9,163 · management and general $9,163

  • 16 · Occupancy

    total $390,163 · program services $382,439 · management and general $7,724

  • 17 · Travel

    total $2,804 · management and general $2,804

  • 20 · Interest

    total $518,127 · program services $518,127

  • 22 · Depreciation, depletion and amortization

    total $379,658 · program services $379,658

  • 23 · Insurance

    total $21,674 · program services $21,674

  • 24a · Other expenses: FOOD AND CLIENT ACTIVIT

    total $9,831 · program services $9,831

  • 24e · All other expenses

    total $6,014 · program services $150 · management and general $5,864

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,679 · end of year $247,107

  • 2 · Savings and temporary cash investments

    beginning of year $657,281 · end of year $508,255

  • 4 · Accounts receivable

    beginning of year $3,293 · end of year $11,019

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

    $14,600,778

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

    $6,009,897

  • 10c · Land, buildings and equipment, net

    beginning of year $8,696,582 · end of year $8,590,881

  • 14 · Intangible assets

    beginning of year $163,888 · end of year $157,376

  • 15 · Other assets

    beginning of year $528,825 · end of year $557,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,159 · end of year $90,561

  • 19 · Deferred revenue

    beginning of year $15,148 · end of year $16,057

  • 23 · Secured mortgages and notes payable

    beginning of year $11,516,439 · end of year $11,293,418

  • 25 · Other liabilities

    beginning of year $77,715 · end of year $78,603

  • 27 · Net assets without donor restrictions

    beginning of year -$1,373,913 · end of year -$1,406,271

Mission and programs · 2022

Mission

TO OWN, OPERATE AND MAINTAIN ONE OR MORE RETIREMENT HOMES FOR THE AGED IN THE TRADITION OF THE ROMAN CATHOLIC CHURCH, HAVING A CATHOLIC IDENTITY, AND SERVING THE PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL NEEDS OF RESIDENTS OF THE DIOCESE OF MADISON, WISCONSIN.

  • ALL SAINTS RETIREMENT CENTER, INC. OFFERS 144 RENTAL APARTMENTS LOCATED IN THE ALL SAINTS NEIGHBORHOOD IN MADISON, WISCONSIN. TWENTY PERCENT OF THE TOTAL APARTMENTS (29 UNITS) ARE RESTRICTED FOR OCCUPANCY BY LOW-INCOME RESIDENTS IN ACCORDANCE WITH A LAND USE RESTRICTION AGREEMENT WITH THE WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY (WHEDA).

    Expenses $1,553,838 · Revenue $2,125,875

As filed on the 2022 return.

Listed in Part VII

  • John Faust

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Colleen Donnelly

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Meyer

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisa Marie Greenwood

    DIRECTOR (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Morey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Wick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shawn Carney

    EXECUTIVE DIRECTOR

    Total calculated
    $184,075
    From this org
    $0
    From related orgs
    $163,820
    Other
    $20,255
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,959 related
    Bonus
    $0
    Other
    $0 + $861 related
    Deferred
    $0 + $6,462 related
    Nontaxable benefits
    $0 + $13,793 related
    Filer's total
    $0 + $184,075 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 I, LINE 3
THE EXECUTIVE COMMITTEE ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR, REVIEWS COMPENSATION DATA FOR COMPARABLE POSITION, AND APPROVES THE COMPENSATION WITH AN OFFICIAL VOTE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349310690

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