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Nonprofiteer
← PRESBYTERIAN RETIREMENT VILLAGE OF RAPID CITY INC

Form 990 for tax year 2022

Filed by PRESBYTERIAN RETIREMENT VILLAGE OF RAPID CITY INC.

Totals

Total revenue
$27,806,653
Total expenses
$23,255,993
Contributions and grants received
$2,987,660
Grants paid
$0
Program service revenue
$22,964,688
Investment income
$1,836,395
Other revenue
$17,910
Total assets, end of year
$129,603,129
Total liabilities, end of year
$62,474,075
Net assets or fund balances, end of year
$67,129,054
Program services expenses (Part IX)
$19,034,684
Management and general expenses
$4,221,309
Fundraising expenses
$0
Program service expenses (Part III)
$19,034,684

Program services were 81.8% 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.

  • 1d · Related organizations

    $80,218

  • 1e · Government grants (contributions)

    $2,686,245

  • 1f · All other contributions, gifts and grants

    $221,197

  • 1g · Noncash contributions included above

    $7,919

  • 2a · Program service revenue: RESIDENT FEES

    total $22,923,035 · related or exempt $22,923,035

  • 2b · Program service revenue: STORE REVENUE

    total $41,653 · related or exempt $41,653

  • 3 · Investment income

    total $2,414,258 · excluded $2,414,258

  • 7a · Gross sales of assets other than inventory

    securities $39,007,120

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

    securities $39,577,879 · other assets $7,104

  • 7c · Gain or loss

    securities -$570,759 · other assets -$7,104

  • 7d · Net gain or loss

    total -$577,863 · excluded -$577,863

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $17,910 · related or exempt $17,910

  • 11e · Other revenue, total

    $17,910

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $725,164 · program services $580,131 · management and general $145,033

  • 7 · Other salaries and wages

    total $8,131,848 · program services $6,593,321 · management and general $1,538,527

  • 8 · Pension plan contributions

    total $233,587 · program services $139,711 · management and general $93,876

  • 9 · Other employee benefits

    total $1,983,514 · program services $1,647,185 · management and general $336,329

  • 10 · Payroll taxes

    total $688,607 · program services $571,544 · management and general $117,063

  • 11b · Fees: legal

    total $13,134 · management and general $13,134

  • 11c · Fees: accounting

    total $41,945 · management and general $41,945

  • 11f · Fees: investment management

    total $199,695 · management and general $199,695

  • 11g · Fees: other

    total $1,711,012 · program services $1,693,902 · management and general $17,110

  • 12 · Advertising and promotion

    total $185,903 · program services $158,018 · management and general $27,885

  • 13 · Office expenses

    total $205,695 · program services $35,573 · management and general $170,122

  • 14 · Information technology

    total $1,392,843 · program services $933,205 · management and general $459,638

  • 16 · Occupancy

    total $1,357,341 · program services $1,233,470 · management and general $123,871

  • 17 · Travel

    total $46,147 · program services $44,763 · management and general $1,384

  • 19 · Conferences, conventions and meetings

    total $48,075 · program services $32,210 · management and general $15,865

  • 20 · Interest

    total $1,224,522 · program services $416,337 · management and general $808,185

  • 22 · Depreciation, depletion and amortization

    total $2,714,779 · program services $2,687,631 · management and general $27,148

  • 23 · Insurance

    total $526,266 · program services $521,003 · management and general $5,263

  • 24a · Other expenses: MEDICAL & DEPT. SUPPLIES

    total $1,799,626 · program services $1,745,637 · management and general $53,989

  • 24b · Other expenses: MISCELLANEOUS

    total $25,220 · management and general $25,220

  • 24c · Other expenses: INSURANCE RELATED REPAIRS

    total $1,070 · program services $1,043 · management and general $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,310,058 · end of year $2,213,124

  • 2 · Savings and temporary cash investments

    beginning of year $241,318 · end of year $244,156

  • 3 · Pledges and grants receivable

    beginning of year $3,597 · end of year $474,769

  • 4 · Accounts receivable

    beginning of year $2,202,489 · end of year $2,688,201

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,000 · end of year $189,384

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

    $90,267,926

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

    $44,627,926

  • 10c · Land, buildings and equipment, net

    beginning of year $47,841,777 · end of year $45,640,000

  • 11 · Investments: publicly traded securities

    beginning of year $70,207,945 · end of year $78,153,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,026,191 · end of year $5,946,625

  • 19 · Deferred revenue

    beginning of year $25,888,735 · end of year $26,490,938

  • 20 · Tax-exempt bond liabilities

    beginning of year $34,112,010 · end of year $30,036,512

  • 27 · Net assets without donor restrictions

    beginning of year $57,950,248 · end of year $67,129,054

Mission and programs · 2022

Mission

THE SOLE PROGRAM SERVICE OF THIS ORGANIZATION IS TO MAINTAIN AND OPERATE A CAMPUS AND RETIREMENT COMMUNITY TO PROVIDE CARE TO THE ELDERLY, INCLUDING HOUSING, NURSING, CULTURAL, AND RECREATIONAL SERVICES.

Activities or mission (Part I)

TO MAINTAIN AND OPERATE A CAMPUS AND RETIREMENT COMMUNITY TO PROVIDE CARE TO THE ELDERLY, INCLUDING HOUSING, NURSING, CULTURAL AND RECREATIONAL SERVICES.

  • WESTHILLS VILLAGE RETIREMENT COMMUNITY IS AN ECONOMICAL CONTINUING CARE COMMUNITY, PROVIDING GRACIOUS AND SECURE RETIREMENT LIVING IN A PLEASANT ENVIRONMENT AT A REASONABLE COST. ITS PURPOSE IS TO ENABLE RESIDENTS TO USE THEIR GIFTS FULLY, LIVE THEIR LIVES RICHLY, AND TO MAKE THE BEST OF THE YEARS THAT GOD HAS GIVEN THEM. WESTHILLS VILLAGE OFFERS CHOICES FOR INDEPENDENT SENIOR LIVING, ASSISTED LIVING, AND HEALTH CARE SERVICES. BEING INNOVATIVE AND MAINTAINING THE HIGHEST STANDARDS ENCOURAGES MEANINGFUL AND COMFORTABLE LIVING WITHOUT FORFEITING PRIVACY AND DIGNITY. WESTHILLS MINISTERS TO THE PHYSICAL, MENTAL, SOCIAL, AND SPIRITUAL REQUIREMENTS OF EACH INDIVIDUAL. WESTHILLS CONTINUES TO TAKE A LEADERSHIP ROLE IN ASSESSING THE RETIREMENT AND HEALTH CARE NEEDS OF THE COMMUNITY AT LARGE. RESPONDING TO THOSE NEEDS ENHANCES THE STATUS AND IMAGE OF WESTHILLS WHILE IMPROVING THE COMMUNITY'S QUALITY OF LIFE. WESTHILLS HAS A 44 BED HEALTH CARE UNIT AND A 52 BED HEALTH CARE UNIT, NEARLY 230 INDEPENDENT LIVING UNITS ALONG WITH A COMMONS AREA FOR RESIDENTS, AND 44 ASSISTED LIVING APARTMENTS.

    Expenses $19,034,684 · Revenue $22,964,688

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daryl Reinicke

    CEO (TO 6/23

    Total calculated
    $423,329
    From this org
    $370,825
    From related orgs
    $0
    Other
    $52,504
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $269,674
    Bonus
    $100,751
    Other
    $400
    Deferred
    $35,578
    Nontaxable benefits
    $16,926
    Filer's total
    $423,329

  • Joann Widrig

    DIRECTOR OF

    Total calculated
    $132,312
    From this org
    $103,739
    From related orgs
    $0
    Other
    $28,573
    Hours/week
    40

  • Paul Hubbeling

    COO

    Total calculated
    $126,414
    From this org
    $114,417
    From related orgs
    $0
    Other
    $11,997
    Hours/week
    40

  • Leah Bifulco

    CFO

    Total calculated
    $110,029
    From this org
    $98,956
    From related orgs
    $0
    Other
    $11,073
    Hours/week
    40 + 1 related

  • Jody Towey

    HOME CARE DI

    Total calculated
    $109,585
    From this org
    $102,736
    From related orgs
    $0
    Other
    $6,849
    Hours/week
    40

  • Doug Jackson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Kilpatrick

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Deb Mudge

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    2

  • Molly Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Pfeifle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Pogany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve McCarthy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Brad Archer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kassie McKie Shiffermiller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyler Donahue

    CEO

    Total calculated
    $0
    Hours/week
    40 + 1 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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202400229349301450

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