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Nonprofiteer
← MARTINS RUN

Form 990 for tax year 2023

Filed by MARTINS RUN.

Totals

Total revenue
$18,488,685
Total expenses
$19,982,646
Contributions and grants received
$139,242
Grants paid
$68,134
Program service revenue
$17,951,214
Investment income
$173,542
Other revenue
$224,687
Total assets, end of year
$44,472,708
Total liabilities, end of year
$52,181,477
Net assets or fund balances, end of year
-$7,708,769
Program services expenses (Part IX)
$15,150,558
Management and general expenses
$4,832,088
Fundraising expenses
$0
Program service expenses (Part III)
$15,150,558

Program services were 75.8% 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.

  • 1e · Government grants (contributions)

    $16,055

  • 1f · All other contributions, gifts and grants

    $123,187

  • 2a · Program service revenue: SKILLED NURSING

    total $7,792,805 · related or exempt $7,792,805

  • 2b · Program service revenue: INDEPENDENT LIVING

    total $5,215,582 · related or exempt $5,215,582

  • 2c · Program service revenue: ENTRANCE FEE AMORTIZATION

    total $2,585,539 · related or exempt $2,585,539

  • 2d · Program service revenue: PERSONAL CARE

    total $2,252,271 · related or exempt $2,252,271

  • 2e · Program service revenue: ASSESSMENT FEES

    total $105,017 · related or exempt $105,017

  • 3 · Investment income

    total $207,647 · excluded $207,647

  • 6a · Gross rents

    real property $442

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $442

  • 6d · Net rental income or loss

    total $442 · excluded $442

  • 7a · Gross sales of assets other than inventory

    securities $442,068

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

    securities $476,173

  • 7c · Gain or loss

    securities -$34,105

  • 7d · Net gain or loss

    total -$34,105 · excluded -$34,105

  • 11a · Other revenue: DINING REVENUE

    total $146,332 · excluded $146,332

  • 11b · Other revenue: TELEPHONE REVENUE

    total $21,566 · excluded $21,566

  • 11c · Other revenue: TRANSPORTATION REVENUE

    total $16,040 · excluded $16,040

  • 11d · All other revenue

    total $40,307 · excluded $40,307

  • 11e · Other revenue, total

    $224,245

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $68,134 · program services $68,134

  • 5 · Compensation of officers, directors and key employees

    total $150,423 · program services $150,423

  • 7 · Other salaries and wages

    total $7,660,434 · program services $6,982,972 · management and general $677,462

  • 8 · Pension plan contributions

    total $304,124 · program services $274,990 · management and general $29,134

  • 9 · Other employee benefits

    total $957,116 · program services $870,297 · management and general $86,819

  • 10 · Payroll taxes

    total $697,072 · program services $549,151 · management and general $147,921

  • 11a · Fees: management

    total $2,100,000 · management and general $2,100,000

  • 11b · Fees: legal

    total $265,622 · management and general $265,622

  • 11c · Fees: accounting

    total $17,175 · management and general $17,175

  • 11g · Fees: other

    total $639,972 · program services $372,353 · management and general $267,619

  • 12 · Advertising and promotion

    total $118,476 · management and general $118,476

  • 13 · Office expenses

    total $536,584 · program services $474,856 · management and general $61,728

  • 16 · Occupancy

    total $1,326,999 · program services $1,292,130 · management and general $34,869

  • 17 · Travel

    total $11,144 · program services $5,674 · management and general $5,470

  • 20 · Interest

    total $1,529,266 · program services $1,223,353 · management and general $305,913

  • 22 · Depreciation, depletion and amortization

    total $2,298,558 · program services $1,838,846 · management and general $459,712

  • 23 · Insurance

    total $150,314 · management and general $150,314

  • 24a · Other expenses: FOOD

    total $707,407 · program services $707,407

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $297,229 · program services $297,229

  • 24c · Other expenses: BAD DEBT

    total $72,875 · management and general $72,875

  • 24d · Other expenses: BOOKS/DUES/SUB.

    total $24,702 · program services $10,013 · management and general $14,689

  • 24e · All other expenses

    total $49,020 · program services $32,730 · management and general $16,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $284,845 · end of year $104,421

  • 4 · Accounts receivable

    beginning of year $468,353 · end of year $556,104

  • 9 · Prepaid expenses and deferred charges

    beginning of year $175,584 · end of year $246,904

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

    $48,114,004

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

    $12,399,630

  • 10c · Land, buildings and equipment, net

    beginning of year $36,329,078 · end of year $35,714,374

  • 11 · Investments: publicly traded securities

    beginning of year $7,150,560 · end of year $6,638,752

  • 14 · Intangible assets

    beginning of year $1,206,200 · end of year $1,206,200

  • 15 · Other assets

    beginning of year $16,394 · end of year $5,953

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,615,105 · end of year $3,265,446

  • 19 · Deferred revenue

    beginning of year $11,208,570 · end of year $11,957,482

  • 21 · Escrow or custodial account liability

    beginning of year $580,661 · end of year $369,872

  • 23 · Secured mortgages and notes payable

    beginning of year $29,497,085 · end of year $29,002,027

  • 25 · Other liabilities

    beginning of year $7,279,998 · end of year $7,586,650

  • 27 · Net assets without donor restrictions

    beginning of year -$6,868,755 · end of year -$8,027,119

  • 28 · Net assets with donor restrictions

    beginning of year $318,350 · end of year $318,350

Mission and programs · 2023

Mission

TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES.

Activities or mission (Part I)

THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING INDEPENDENT APARTMENTS, PERSONAL CARE APARTMENTS, AND A SKILLED NURSING FACILITY.

  • THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, WHICH INCLUDES THREE LEVELS OF CARE: INDEPENDENT LIVING, PERSONAL CARE AND A SKILLED NURSING FACILITY CONSISTING OF 161 INDEPENDENT APARTMENTS, 30 PERSONAL CARE UNITS, AND A 60 BED SKILLED NURSING FACILITY. THE COMMUNITY PROVIDES AGING SERVICES TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY FOR THE SENIOR RESIDENTS, AND TO PLAN AND DEVELOP NEW PROGRAMS AND SERVICES TO MEET THE EVOLVING SOCIAL, HEALTH AND PERSONAL NEEDS OF RESIDENTS. OCCUPANCY FOR THE YEAR WAS 96.27% FOR INDEPENDENT LIVING, 89.21% FOR PERSONAL CARE AND 90.30% FOR NURSING.

    Expenses $15,150,558 · Grants $68,134 · Revenue $17,951,214

As filed on the 2023 return.

Listed in Part VII

  • Jeff Petty

    PRESIDENT AND CEO

    Total calculated
    $664,202
    From this org
    $0
    From related orgs
    $640,795
    Other
    $23,407
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,718 related
    Bonus
    $0 + $120,077 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $10,207 related
    Filer's total
    $0 + $664,202 related

  • Mike Destefon

    EXECUTIVE DIRECTOR (UNTIL 02/23)

    Total calculated
    $230,591
    From this org
    $20,576
    From related orgs
    $193,486
    Other
    $16,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $20,576 + $170,486 related
    Bonus
    $0 + $23,000 related
    Other
    $0
    Deferred
    $0 + $7,720 related
    Nontaxable benefits
    $386 + $8,423 related
    Filer's total
    $20,962 + $209,629 related

  • John Odike

    SECRETARY/TREASURER

    Total calculated
    $211,204
    From this org
    $0
    From related orgs
    $198,887
    Other
    $12,317
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,387 related
    Bonus
    $0 + $31,500 related
    Other
    $0
    Deferred
    $0 + $3,748 related
    Nontaxable benefits
    $0 + $8,569 related
    Filer's total
    $0 + $211,204 related

  • Dan Hood

    EXECUTIVE DIRECTOR

    Total calculated
    $150,423
    From this org
    $143,464
    From related orgs
    $0
    Other
    $6,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,464
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,959
    Filer's total
    $150,423

  • Brenda McVey

    SALES MANAGER

    Total calculated
    $183,142
    From this org
    $175,773
    From related orgs
    $0
    Other
    $7,369
    Hours/week
    40.1

    Schedule J breakdown matched by us

    Base
    $78,923
    Bonus
    $96,850
    Other
    $0
    Deferred
    $6,697
    Nontaxable benefits
    $672
    Filer's total
    $183,142

  • Kimberly Ann Ratliff

    DIRECTOR OF NURSING

    Total calculated
    $138,647
    From this org
    $125,424
    From related orgs
    $0
    Other
    $13,223
    Hours/week
    40

  • Shawn Fontaine

    LEAD GENERAL MANAGER OF DINING

    Total calculated
    $126,828
    From this org
    $114,007
    From related orgs
    $0
    Other
    $12,821
    Hours/week
    40

  • Maribel Aparentado

    PHYSICAL THERAPIST

    Total calculated
    $122,483
    From this org
    $110,224
    From related orgs
    $0
    Other
    $12,259
    Hours/week
    40

  • Tamara Johnson

    DIR. PERS. CARE & RESIDENT SVCS.

    Total calculated
    $121,897
    From this org
    $109,703
    From related orgs
    $0
    Other
    $12,194
    Hours/week
    40.4

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 FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED ORGANIZATION). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION, USING COMPARATIVE INDEPENDENT DATA. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS. THIS PROCESS WAS LAST PERFORMED IN DECEMBER 2022 AND WILL BE DONE AGAIN AT THE END OF 2024.
PART I, LINE 7
THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD.

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
2023
Filed
29 July 2024
IRS schema version
2023v5.1
Source object
202432129349300418

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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