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Nonprofiteer
← BHI FOUNDATION INC

Form 990 for tax year 2022

Filed by BHI FOUNDATION INC.

Totals

Total revenue
$748,448
Total expenses
$863,011
Contributions and grants received
$217,090
Grants paid
$537,179
Program service revenue
$0
Investment income
$536,634
Other revenue
-$5,276
Total assets, end of year
$6,748,777
Total liabilities, end of year
$278,453
Net assets or fund balances, end of year
$6,470,324
Program services expenses (Part IX)
$537,179
Management and general expenses
$52,337
Fundraising expenses
$273,495
Program service expenses (Part III)
$537,179

Program services were 62.2% 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.

  • 1c · Fundraising events

    $46,048

  • 1f · All other contributions, gifts and grants

    $171,042

  • 3 · Investment income

    total $184,840 · excluded $184,840

  • 7a · Gross sales of assets other than inventory

    securities $1,308,447

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

    securities $956,653

  • 7c · Gain or loss

    securities $351,794

  • 7d · Net gain or loss

    total $351,794 · excluded $351,794

  • 8a · Fundraising events: gross income

    $24,504

  • 8a · Fundraising events: contributions included on line 1c

    $46,048

  • 8b · Fundraising events: direct expenses

    $29,780

  • 8c · Net income from fundraising events

    total -$5,276 · excluded -$5,276

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $480,300 · program services $480,300

  • 2 · Grants to domestic individuals

    total $56,879 · program services $56,879

  • 7 · Other salaries and wages

    total $71,943 · fundraising $71,943

  • 11b · Fees: legal

    total $1,971 · fundraising $1,971

  • 11c · Fees: accounting

    total $7,572 · fundraising $7,572

  • 11f · Fees: investment management

    total $16,376 · management and general $16,376

  • 11g · Fees: other

    total $20,449 · fundraising $20,449

  • 13 · Office expenses

    total $2,267 · fundraising $2,267

  • 17 · Travel

    total $2,725 · fundraising $2,725

  • 19 · Conferences, conventions and meetings

    total $2,141 · fundraising $2,141

  • 21 · Payments to affiliates

    total $35,961 · management and general $35,961

  • 24a · Other expenses: WELLNESS EMPLOYEE BENEF

    total $158,736 · fundraising $158,736

  • 24b · Other expenses: DONATIONS

    total $5,000 · fundraising $5,000

  • 24c · Other expenses: INTERCOMPANY EXPENSES

    total $691 · fundraising $691

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,762 · end of year $196,376

  • 2 · Savings and temporary cash investments

    beginning of year $701,808 · end of year $61,201

  • 11 · Investments: publicly traded securities

    beginning of year $6,952,893 · end of year $5,956,216

  • 12 · Investments: other securities

    beginning of year $749,367 · end of year $513,426

  • 15 · Other assets

    beginning of year $29,170 · end of year $21,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,890 · end of year $95,082

  • 25 · Other liabilities

    beginning of year $203,686 · end of year $183,371

  • 27 · Net assets without donor restrictions

    beginning of year $7,011,039 · end of year $5,416,100

  • 28 · Net assets with donor restrictions

    beginning of year $1,348,385 · end of year $1,054,224

Mission and programs · 2022

Mission

TO SUPPORT BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.

  • EXPENSES WERE INCURRED ON BEHALF OF AND FOR THE BENEFIT OF BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.

    Expenses $537,179 · Grants $537,179

As filed on the 2022 return.

Listed in Part VII

  • John S Dattilo

    DIRECTOR & PRESIDENT/CEO

    Total calculated
    $401,521
    From this org
    $0
    From related orgs
    $363,620
    Other
    $37,901
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,620 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $16,957 related
    Nontaxable benefits
    $0 + $20,944 related
    Filer's total
    $0 + $401,521 related

  • Roger E Weideman II

    DIRECTOR & SENIOR VP AND CFO

    Total calculated
    $370,172
    From this org
    $0
    From related orgs
    $334,250
    Other
    $35,922
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,250 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $15,282 related
    Nontaxable benefits
    $0 + $20,640 related
    Filer's total
    $0 + $370,172 related

  • Jerry Meredith

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Wendy L Meredith

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 10.5 related

  • Jane A Richardson

    DIRECTOR & VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Jeffrey W Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Dexter Cooley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Brian R Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • L Dean Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Beth Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Harry H Hennerk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Roger D Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 10.5 related

  • Fred Robbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Jane A Seigel

    DIRECTOR & CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • Jeffrey A Terp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6.5 related

  • William R Hurt

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    2 + 10.5 related

  • John D Lipson

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    2 + 8.5 related

  • Shawna V Gottlieb

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    2 + 6.5 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

FORM 990, SCH J, PART I, LINE 3
METHODS USED TO DETERMINE COMPENSATION: COMPENSATION PAID BY BHI RETIREMENT COMMUNITIES IS DETERMINED BY THE REVIEW AND APPROVAL OF THE BOARD WHICH INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
SCHEDULE J, PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: A 457(F) DEFERRED COMPENSATION PLAN WAS SET UP FOR JOHN DATILLO AND ROGER WEIDEMAN IN APRIL OF 2019. JOHN DATILLO'S PLAN BEGINS VESTING IN 2031 AND ROGER WEIDEMAN'S PLAN BEGINS VESTING IN 2034

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 partnerships

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

  • WESLEY MANOR SOUTHSIDE LP

    RETIRE LIVING · IN · general or managing partner

Related corporations and trusts

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

  • SLDEVELOPMENT INC

    C · GOLF COURSE · IN · controlled entity

  • BHI HOME CARE INC

    C · HOME CARE · IN · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202312939349301411

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