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Nonprofiteer
← HOLLADAY PARK PLAZA INC

Form 990 for tax year 2023

Filed by HOLLADAY PARK PLAZA INC.

Totals

Total revenue
$23,713,493
Total expenses
$24,733,274
Contributions and grants received
$735,180
Grants paid
$402,777
Program service revenue
$21,681,438
Investment income
$1,297,185
Other revenue
-$310
Total assets, end of year
$79,202,133
Total liabilities, end of year
$50,392,096
Net assets or fund balances, end of year
$28,810,037
Program services expenses (Part IX)
$20,417,402
Management and general expenses
$4,315,872
Fundraising expenses
$0
Program service expenses (Part III)
$20,417,402

Program services were 82.6% 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

    $735,180

  • 2a · Program service revenue: SERVICE FEES

    total $12,525,435 · related or exempt $12,525,435

  • 2b · Program service revenue: HEALTH CENTER

    total $5,452,942 · related or exempt $5,452,942

  • 2c · Program service revenue: ENTRANCE FEES

    total $3,318,824 · related or exempt $3,318,824

  • 2d · Program service revenue: ALL OTHER

    total $343,884 · related or exempt $343,884

  • 2e · Program service revenue: LEVEL OF CARE

    total $28,674 · related or exempt $28,674

  • 2f · All other program service revenue

    total $11,679 · related or exempt $11,679

  • 3 · Investment income

    total $612,062 · excluded $612,062

  • 6a · Gross rents

    real property $7,634

  • 6b · Less rental expenses

    real property $7,944

  • 6c · Rental income or loss

    real property -$310

  • 6d · Net rental income or loss

    total -$310 · excluded -$310

  • 7a · Gross sales of assets other than inventory

    securities $3,513,509

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

    securities $2,828,386

  • 7c · Gain or loss

    securities $685,123

  • 7d · Net gain or loss

    total $685,123 · excluded $685,123

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $402,777 · program services $402,777

  • 5 · Compensation of officers, directors and key employees

    total $429,762 · management and general $429,762

  • 7 · Other salaries and wages

    total $7,353,132 · program services $6,544,287 · management and general $808,845

  • 8 · Pension plan contributions

    total $592,107 · program services $526,975 · management and general $65,132

  • 9 · Other employee benefits

    total $995,676 · program services $886,152 · management and general $109,524

  • 10 · Payroll taxes

    total $583,037 · program services $518,903 · management and general $64,134

  • 11a · Fees: management

    total $1,686,041 · management and general $1,686,041

  • 11b · Fees: legal

    total $40,482 · management and general $40,482

  • 11c · Fees: accounting

    total $18,886 · management and general $18,886

  • 11f · Fees: investment management

    total $48,861 · management and general $48,861

  • 11g · Fees: other

    total $2,283,431 · program services $2,032,254 · management and general $251,177

  • 12 · Advertising and promotion

    total $124,290 · program services $113 · management and general $124,177

  • 13 · Office expenses

    total $581,339 · program services $463,225 · management and general $118,114

  • 14 · Information technology

    total $1,606 · management and general $1,606

  • 16 · Occupancy

    total $1,833,506 · program services $1,732,065 · management and general $101,441

  • 17 · Travel

    total $80,438 · management and general $80,438

  • 19 · Conferences, conventions and meetings

    total $26,021 · management and general $26,021

  • 20 · Interest

    total $969,320 · program services $969,320

  • 22 · Depreciation, depletion and amortization

    total $3,528,352 · program services $3,528,352

  • 23 · Insurance

    total $331,333 · program services $331,333

  • 24a · Other expenses: OTHER FACILITY SERVICE

    total $1,255,206 · program services $1,255,206

  • 24b · Other expenses: OTHER DIETARY EXPENSE

    total $941,977 · program services $941,977

  • 24c · Other expenses: HEALTH CENTER EXPENSE

    total $456,278 · program services $115,047 · management and general $341,231

  • 24d · Other expenses: PROGRAM FUND EXPENSES

    total $169,416 · program services $169,416

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,328,049 · end of year $4,118,630

  • 2 · Savings and temporary cash investments

    beginning of year $111,945 · end of year $108,693

  • 4 · Accounts receivable

    beginning of year $1,049,073 · end of year $910,815

  • 8 · Inventories for sale or use

    beginning of year $102,798 · end of year $90,963

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,667 · end of year $182,476

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

    $98,800,680

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

    $44,014,345

  • 10c · Land, buildings and equipment, net

    beginning of year $53,446,812 · end of year $54,786,335

  • 11 · Investments: publicly traded securities

    beginning of year $18,479,692 · end of year $19,004,221

  • 15 · Other assets

    beginning of year $14,359 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,364,182 · end of year $1,966,936

  • 19 · Deferred revenue

    beginning of year $26,648,148 · end of year $29,100,475

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,148,084 · end of year $18,776,858

  • 21 · Escrow or custodial account liability

    beginning of year $370,875 · end of year $293,685

  • 25 · Other liabilities

    beginning of year $183,412 · end of year $254,142

  • 27 · Net assets without donor restrictions

    beginning of year $24,554,657 · end of year $25,396,025

  • 28 · Net assets with donor restrictions

    beginning of year $3,514,037 · end of year $3,414,012

Mission and programs · 2023

Mission

HOLLADAY PARK PLAZA IS A PREMIER NOT-FOR-PROFIT RETIREMENT COMMUNITY WHERE ALL ARE WELCOME AND THE LIVES OF RESIDENTS ARE CONTINUALLY ENRICHED. (CONTINUED IN SCHEDULE O)WE ARE AWARE OF THE EVER-CHANGING NEEDS OF RETIREES AND ENCOURAGE AN ACTIVE LIFESTYLE AND SPIRITUAL AND SOCIAL OPPORTUNITIES. WE ARE COMMITTED TO EXCELLENCE IN OUR INDUSTRY THROUGH THE WORK OF EXPERIENCED AND EDUCATED STAFF AND DIRECTORS, ENHANCED BY RESIDENT INVOLVEMENT. WE ARE DEDICATED TO PROVIDING HIGH-QUALITY SERVICES, INCLUDING A DIVERSE DINING PROGRAM, COMPREHENSIVE WELLNESS SERVICES, AND PERSONALIZED CARE. WE ARE COMMITTED TO BEING GOOD FINANCIAL STEWARDS, PROVIDING SUPPORT FOR RESIDENTS WHEN NEEDED, WHILE KEEPING COSTS COMMENSURATE WITH SERVICES PROVIDED. WE HONOR AND RESPECT ALL OUR COMMUNITY MEMBERS.

Activities or mission (Part I)

A PREMIER RETIREMENT COMMUNITY WHERE ALL ARE WELCOME AND RESIDENTS' LIVES ARE CONTINUALLY ENRICHED.

  • HOLLADAY PARK PLAZA IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.

    Expenses $20,417,402 · Grants $402,777 · Revenue $21,681,438

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Platte

    EXECUTIVE DIRECTOR

    Total calculated
    $364,583
    From this org
    $307,983
    From related orgs
    $0
    Other
    $56,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,928
    Bonus
    $43,055
    Other
    $0
    Deferred
    $21,978
    Nontaxable benefits
    $34,622
    Filer's total
    $364,583

  • Katelynn Samuelson-Nguyen

    ADMINISTRATOR

    Total calculated
    $175,560
    From this org
    $146,462
    From related orgs
    $0
    Other
    $29,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,252
    Bonus
    $9,210
    Other
    $0
    Deferred
    $17,261
    Nontaxable benefits
    $11,837
    Filer's total
    $175,560

  • Amy Bohna

    DIRECTOR OF NURSING

    Total calculated
    $155,518
    From this org
    $140,066
    From related orgs
    $0
    Other
    $15,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,353
    Bonus
    $8,713
    Other
    $0
    Deferred
    $5,696
    Nontaxable benefits
    $9,756
    Filer's total
    $155,518

  • Kiyoko Chin

    REGISTERED NURSE

    Total calculated
    $140,886
    From this org
    $133,928
    From related orgs
    $0
    Other
    $6,958
    Hours/week
    40

  • Tamara Perzhu

    CARE MANAGER RN

    Total calculated
    $128,982
    From this org
    $109,782
    From related orgs
    $0
    Other
    $19,200
    Hours/week
    40

  • Marshall Henshaw

    RN

    Total calculated
    $119,531
    From this org
    $106,774
    From related orgs
    $0
    Other
    $12,757
    Hours/week
    40

  • Lynn Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kathleen McLaughlin

    VICE CHAIR / SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Jensen

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tiff Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC. AND APPROVED BY HOLLADAY PARK PLAZA'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES THIS YEAR. THE PROCESS FOR DETERMINING EXECUTIVE BONUSES IS DISCRETIONARY. IT IS DETERMINED BY THE VP OF OPERATIONS FOR PRS AND IT IS BASED ON THE PERFORMANCE OF THE COMMUNITY FOR THE YEAR.

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.

Related corporations and trusts

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

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512259349302036

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