Form 990 for tax year 2022
Filed by ALDERSGATE LIFE PLAN SERVICES INC.
Totals
- Total revenue
- $5,845,196
- Total expenses
- $2,964,062
- Contributions and grants received
- $11,099
- Grants paid
- $0
- Program service revenue
- $5,834,097
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $170,701
- Total liabilities, end of year
- $621,485
- Net assets or fund balances, end of year
- -$450,784
- Program services expenses (Part IX)
- $2,964,062
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,964,062
Program services were 100.0% 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
$11,099
-
2a · Program service revenue: OTHER INCOME
total $3,825,178 · related or exempt $3,825,178
-
2b · Program service revenue: MANAGEMENT FEE INCOME
total $2,008,919 · related or exempt $2,008,919
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $379,466 · program services $379,466
-
7 · Other salaries and wages
total $1,897,777 · program services $1,897,777
-
8 · Pension plan contributions
total $37,112 · program services $37,112
-
10 · Payroll taxes
total $165,220 · program services $165,220
-
11b · Fees: legal
total $33,647 · program services $33,647
-
11g · Fees: other
total $235,962 · program services $235,962
-
12 · Advertising and promotion
total $384 · program services $384
-
13 · Office expenses
total $25,867 · program services $25,867
-
17 · Travel
total $26,549 · program services $26,549
-
22 · Depreciation, depletion and amortization
total $1,640 · program services $1,640
-
23 · Insurance
total $9,638 · program services $9,638
-
24a · Other expenses: MISCELLANEUOS
total $124,136 · program services $124,136
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $25,696 · program services $25,696
-
24c · Other expenses: REPAIRS AND MAINTANCE
total $968 · program services $968
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,242 · end of year $3,058
-
4 · Accounts receivable
beginning of year $284,940 · end of year $12,275
-
9 · Prepaid expenses and deferred charges
beginning of year $13,174 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$170,959
-
10b · Land, buildings and equipment: accumulated depreciation
$15,591
-
10c · Land, buildings and equipment, net
beginning of year $149,314 · end of year $155,368
-
17 · Accounts payable and accrued expenses
beginning of year $937,146 · end of year $446,485
-
25 · Other liabilities
beginning of year $4,850,954 · end of year $175,000
-
27 · Net assets without donor restrictions
beginning of year -$5,275,430 · end of year -$450,784
Mission and programs · 2022
Mission
WE HONOR ELDERS, ALL ELDERS, AND ARE COMMITTED TO CREATING AND FOSTERING DIVERSE, CARING COMMUNITIES WHERE EVERYONE HAS A VOICE AND VALUE.
Activities or mission (Part I)
PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR OLDER ADULTS
-
ALDERSGATE LIFE PLAN SERVICES, INC. PROVIDES DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING OVERSIGHT, HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY, COMMUNITY ENGAGEMENT AND MARKETING TO ITS RELATED PARTIES.
Expenses $2,964,062 · Revenue $5,834,097
As filed on the 2022 return.
Listed in Part VII
-
Patricia Pat G GarrettPATRICIA PAT G GARRETT
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robert Vaughn JrROBERT VAUGHN JR
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jean GossettJEAN GOSSETT
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Otto HarrisOTTO HARRIS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Thomas Lawing JrTHOMAS LAWING JR
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Fred LongiettiFRED LONGIETTI
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Billy MaddalonBILLY MADDALON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 22 related
-
Kevin McKaneKEVIN MCKANE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William SpringsWILLIAM SPRINGS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Irene VogelsongIRENE VOGELSONG
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stanley WatkinsSTANLEY WATKINS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mary WilsonMARY WILSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Suzanne PughSUZANNE PUGH
CEO
- Total calculated
- $285,448
- From this org
- $273,086
- From related orgs
- $0
- Other
- $12,362
- Hours/week
- 36 + 5 related
Schedule J breakdown matched by us
- Base
- $273,086
- Bonus
- $0
- Other
- $0
- Deferred
- $5,597
- Nontaxable benefits
- $6,765
- Filer's total
- $285,448
-
Jeffrey WeatherheadJEFFREY WEATHERHEAD
CHIEF OPERATING OFFICER
- Total calculated
- $109,310
- From this org
- $106,380
- From related orgs
- $0
- Other
- $2,930
- Hours/week
- 36 + 5 related
-
Boris HendersonBORIS HENDERSON
CHIEF STRATEGIC OFFICER
- Total calculated
- $131,409
- From this org
- $128,832
- From related orgs
- $0
- Other
- $2,577
- Hours/week
- 36 + 4 related
-
Marilyn K HendrickMARILYN K HENDRICK
CHIEF HR OFFICER
- Total calculated
- $148,512
- From this org
- $141,968
- From related orgs
- $0
- Other
- $6,544
- Hours/week
- 36 + 4 related
-
Tom RileyTOM RILEY
SENIOR DIRECTOR OF FINANCE
- Total calculated
- $154,504
- From this org
- $145,410
- From related orgs
- $0
- Other
- $9,094
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $145,410
- Bonus
- $0
- Other
- $0
- Deferred
- $1,504
- Nontaxable benefits
- $7,590
- Filer's total
- $154,504
-
Carola Herrera CardenasCAROLA HERRERA CARDENAS
CHIEF DIVERSITY INCLUSION AND EQUITY OFFICER
- Total calculated
- $127,500
- From this org
- $113,179
- From related orgs
- $0
- Other
- $14,321
- Hours/week
- 36 + 4 related
-
Ryan HaylockRYAN HAYLOCK
CIO
- Total calculated
- $165,240
- From this org
- $152,831
- From related orgs
- $0
- Other
- $12,409
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $152,831
- Bonus
- $0
- Other
- $0
- Deferred
- $3,240
- Nontaxable benefits
- $9,169
- Filer's total
- $165,240
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 · Written employment contract
- 3 · Approval by the board or compensation committee
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
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.
-
ALDERSGATE HOLDINGS INC
501(C)(2) · LAND INVESTMENT · NC
-
ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC
501(C)(3) · SENIOR LIVING SERVICES · NC
-
ALDERSGATE AT SHARON INC
501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC
-
ALDERSGATE AT SHALOM PARK INC
501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC
-
501(C)(3) · SENIOR LIVING SERVICES · NC
-
ALDERSGATE FOUNDATION INC
501(C)(3) · FOUNDATION (INACTIVE) · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349326887
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