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Nonprofiteer
← ELIM PARK BAPTIST HOME INC

Form 990 for tax year 2024

Filed by ELIM PARK BAPTIST HOME INC.

Totals

Total revenue
$41,130,192
Total expenses
$38,412,623
Contributions and grants received
$818,914
Grants paid
$2,176,231
Program service revenue
$38,331,491
Investment income
$1,860,737
Other revenue
$119,050
Total assets, end of year
$108,782,698
Total liabilities, end of year
$76,835,234
Net assets or fund balances, end of year
$31,947,464
Program services expenses (Part IX)
$33,499,678
Management and general expenses
$4,891,012
Fundraising expenses
$21,933
Program service expenses (Part III)
$33,499,678

Program services were 87.2% 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.

  • 1d · Related organizations

    $252,170

  • 1e · Government grants (contributions)

    $566,744

  • 2a · Program service revenue: RESIDENT SERVICE REVENUE

    total $18,363,133 · related or exempt $18,363,133

  • 2b · Program service revenue: INDEPENDENT LIVING RENTAL

    total $11,836,875 · related or exempt $11,836,875

  • 2c · Program service revenue: AMORT. OF ENTRANCE FEES

    total $5,956,772 · related or exempt $5,956,772

  • 2d · Program service revenue: ANCILLARY REVENUE

    total $758,144 · related or exempt $758,144

  • 2f · All other program service revenue

    total $1,416,567 · related or exempt $1,416,567

  • 3 · Investment income

    total $2,082,370 · unrelated business $248,625 · excluded $1,833,745

  • 6a · Gross rents

    real property $119,050

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $119,050

  • 6d · Net rental income or loss

    total $119,050 · excluded $119,050

  • 7a · Gross sales of assets other than inventory

    securities $31,824 · other assets $167,940

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

    securities $0 · other assets $421,397

  • 7c · Gain or loss

    securities $31,824 · other assets -$253,457

  • 7d · Net gain or loss

    total -$221,633 · excluded -$221,633

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,176,231 · program services $2,176,231

  • 5 · Compensation of officers, directors and key employees

    total $666,040 · management and general $666,040

  • 7 · Other salaries and wages

    total $16,270,231 · program services $14,587,720 · management and general $1,682,511

  • 8 · Pension plan contributions

    total $571,260 · program services $571,260

  • 9 · Other employee benefits

    total $2,253,216 · program services $1,707,293 · management and general $523,990 · fundraising $21,933

  • 10 · Payroll taxes

    total $1,233,254 · program services $1,233,254

  • 11b · Fees: legal

    total $132,693 · management and general $132,693

  • 11c · Fees: accounting

    total $106,210 · management and general $106,210

  • 11f · Fees: investment management

    total $14,491 · management and general $14,491

  • 11g · Fees: other

    total $764,870 · program services $370,078 · management and general $394,792

  • 12 · Advertising and promotion

    total $121,202 · program services $21,775 · management and general $99,427

  • 13 · Office expenses

    total $41,047 · program services $18,757 · management and general $22,290

  • 14 · Information technology

    total $549,593 · management and general $549,593

  • 16 · Occupancy

    total $2,614,490 · program services $2,603,065 · management and general $11,425

  • 17 · Travel

    total $31,585 · program services $31,585

  • 20 · Interest

    total $464,706 · program services $464,706

  • 22 · Depreciation, depletion and amortization

    total $4,592,453 · program services $4,592,453

  • 23 · Insurance

    total $490,787 · program services $490,787

  • 24a · Other expenses: DIETARY

    total $2,780,928 · program services $2,780,928

  • 24b · Other expenses: ANCILLARY

    total $867,845 · program services $867,845

  • 24c · Other expenses: NURSING

    total $700,435 · program services $700,435

  • 24d · Other expenses: RESIDENT SERVICES

    total $80,963 · program services $80,963

  • 24e · All other expenses

    total $888,093 · program services $200,543 · management and general $687,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302 · end of year $300

  • 2 · Savings and temporary cash investments

    beginning of year $5,728,056 · end of year $4,636,795

  • 4 · Accounts receivable

    beginning of year $5,074,162 · end of year $4,475,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $437,142 · end of year $803,235

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

    $138,115,639

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

    $80,992,715

  • 10c · Land, buildings and equipment, net

    beginning of year $55,217,403 · end of year $57,122,924

  • 11 · Investments: publicly traded securities

    beginning of year $36,216,182 · end of year $39,577,037

  • 15 · Other assets

    beginning of year $1,990,503 · end of year $2,166,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,688,037 · end of year $4,518,407

  • 19 · Deferred revenue

    beginning of year $38,970,311 · end of year $38,579,771

  • 21 · Escrow or custodial account liability

    beginning of year $38,934 · end of year $38,203

  • 23 · Secured mortgages and notes payable

    beginning of year $16,218,440 · end of year $16,218,440

  • 25 · Other liabilities

    beginning of year $17,120,331 · end of year $17,480,413

  • 27 · Net assets without donor restrictions

    beginning of year $25,265,507 · end of year $31,283,259

  • 28 · Net assets with donor restrictions

    beginning of year $2,362,190 · end of year $664,205

Mission and programs · 2024

Mission

ELIM PARK WAS FOUNDED IN 1906 BY THE SWEDISH BAPTIST CONFERENCE WITH THE MISSION TO CARE FOR AND PROVIDE A HOME OF REST FOR THE FRAIL AND ELDERLY MEMBERS OF THEIR CONFERENCE. SINCE OUR INCORPORATION, OUR MISSION HAS EXPANDED AND MATURED, AND WE ARE NO LONGER (SEE SCH. O) A "HOME OF REST." BUT RATHER A HOME WHERE RESIDENTS CAN FLOURISH AND LIVE ACTIVE, INSPIRED, FULFILING LIVES. THE INTERDENOMINATIONAL NATURE OF OUR ORGANIZATION WELCOMES OLDER ADULTS OF ALL FAITHS, WITH A CARING STAFF AND CHRIST-CENTERED ENVIRONMENT THAT ALLOWS THEM TO GROW IN SPIRITUAL HEALTH AS WELL AS MEETING THEIR PHYSICAL NEEDS. OUR MISSION IS TO PROVIDE QUALITY CARE THROUGH EXCITING CULTURAL AND FITNESS PROGRAMS AND A BROAD SPECTRUM OF HEALTH SERVICES IN A CHRIST-CENTERED ENVIRONMENT. ELIM PARK LOOKS UPON ITS MISSION AS AN EXTENSION OF THE CHRUCH MINISTRY WITHIN THE BAPTIST GENERAL CONFERENCE AND GIVES ADMISSION PRIORITY TO ITS MEMBERS.

Activities or mission (Part I)

ELIM PARK WAS FOUNDED IN 1906 BY THE SWEDISH BAPTIST CONFERENCE WITH THE MISSION TO CARE (SEE SCH. O) FOR AND PROVIDE A HOME OF REST FOR THE FRAIL AND ELDERLY MEMBERS OF THEIR CONFERENCE. SINCE OUR INCORPORATION, OUR MISSION HAS EXPANDED AND MATURED, AND WE ARE NO LONGER A "HOME OF REST," BUT RATHER A HOME WHERE RESIDENTS CAN FLOURISH AND LIVE ACTIVE, INSPIRED, FULFILLING LIVES. THE INTERDENOMINATIONAL NATURE OF OUR ORGANIZATION WELCOMES OLDER ADULTS OF ALL FAITHS, WITH A CARING STAFF AND CHRIST-CENTERED ENVIRONMENT THAT ALLOWS THEM TO GROW IN SPIRITUAL HEALTH AS WELL AS MEETING THEIR PHYSICAL NEEDS. OUR MISSION IS TO PROVIDE QUALITY CARE THROUGH EXCITING CULTURAL AND FITNESS PROGRAMS AND A BROAD SPECTRUM OF HEALTH SERVICES IN A CHRIST-CENTERED ENVIRONMENT. ELIM PARK LOOKS UPON ITS MISSION AS AN EXTENSION OF THE CHURCH MINISTRY WITHIN THE BAPTIST GENERAL CONFERENCE AND GIVES ADMISSION PRIORITY TO ITS MEMBERS.

  • THE CONSTELLATION OF SERVICES OFFERED AT ELIM PARK HAS ENHANCED LIFE FOR OUR RESIDENTS AND CONTINUES TO MAKE A POSITIVE IMPACT ON OUR COMMUNITY. THROUGH OUR MISSION OF PROVIDING QUALITY CARE THROUGH COMPREHENSIVE WELLNESS PROGRAMS AND MEDICAL FACILITIES IN A CHRIST-CENTERED ENVIRONMENT, WE ARE ABLE TO NURTURE THE WHOLE PERSON AND FOCUS ON TOTAL WELLNESS OF MIND, BODY AND SPIRIT. OUR SUB-ACUTE CARE, SHORT-TERM REHABILITATION AND WELLNESS PROGRAMS WORK TOGETHER TO ENSURE THAT RESIDENTS ARE LEADING THE MOST PRODUCTIVE LIFESTYLES APPROPRIATE TO THEIR VARIED LEVELS OF INDEPENDENCE. SHOULD A RESIDENT'S DEPENDENCY LEVEL INCREASE, OUR SKILLED NURSING FACILITY UNIT PROVIDES A SMOOTH TRANSITION TO ON-SITE NURSING CARE.ELIM PARK'S NON-PROFIT STATUS ALLOWS US TO CHANNEL REVENUE BACK INTO PROGRAMS AND SITE IMPROVEMENTS TO ENRICH THE LIVES OF OUR RESIDENTS. BENEFITS TO THE COMMUNITY INCLUDE A BROAD SPECTRUM OF OUT-PATIENT AND THERAPEUTIC SERVICES, AQUATIC THERAPY, HOSTING COMMUNITY EVENTS, OFFERING A PROFESSIONAL ENTERTAINMENT SERIES, AND OPENING OUR CAMPUS FOR USE BY LOCAL CIVIC GROUPS AND ORGANIZATIONS.WE CONTINUE TO UPGRADE OUR PHYSICAL PLANT TO MAINTAIN THE HIGHEST SAFETY STANDARDS AND A WELCOME ENVIRONMENT. WE MAKE TECHNOLOGICAL IMPROVEMENTS WHICH CONTRIBUTE TO THE WELL-BEING AND COMFORT OF OUR RESIDENTS. WE MAINTAIN THE CHRIST-CENTERED COMMUNITY THAT OUR FOUNDING CHURCHES ENVISIONED AS THE CORNERSTONE UPON WHICH ELIM PARK CONTINUES TO GROW.

    Expenses $33,499,678 · Grants $2,176,231 · Revenue $38,331,491

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Nelson

    DIRECTOR/IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Roberto Ecker

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Vicki Hoffman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joanne Perry

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tim Ponzani

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Markes Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Keith Wetjen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mike Wijas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • James Sipsma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brian Bedard

    PRESIDENT

    Total calculated
    $357,929
    From this org
    $306,782
    From related orgs
    $0
    Other
    $51,147
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $261,782
    Bonus
    $45,000
    Other
    $0
    Deferred
    $13,760
    Nontaxable benefits
    $37,387
    Filer's total
    $357,929

  • Michelle Pascetta

    CHIEF FINANCIAL OFFICER

    Total calculated
    $206,717
    From this org
    $185,401
    From related orgs
    $0
    Other
    $21,316
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $179,301
    Bonus
    $6,100
    Other
    $0
    Deferred
    $7,602
    Nontaxable benefits
    $13,714
    Filer's total
    $206,717

  • John Sweeney

    ADMINSTRATOR OF HEALTH SERVICE

    Total calculated
    $181,553
    From this org
    $173,504
    From related orgs
    $0
    Other
    $8,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,904
    Bonus
    $7,600
    Other
    $0
    Deferred
    $7,803
    Nontaxable benefits
    $246
    Filer's total
    $181,553

  • Jeffrey Berman

    LIFE SPAN SPECIALIST

    Total calculated
    $150,645
    From this org
    $144,129
    From related orgs
    $0
    Other
    $6,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $63,029
    Bonus
    $4,100
    Other
    $77,000
    Deferred
    $6,436
    Nontaxable benefits
    $80
    Filer's total
    $150,645

  • Robert Cota

    DIRECTOR OF INDEPENDENT LIVING

    Total calculated
    $157,640
    From this org
    $137,406
    From related orgs
    $0
    Other
    $20,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,306
    Bonus
    $5,100
    Other
    $0
    Deferred
    $6,571
    Nontaxable benefits
    $13,663
    Filer's total
    $157,640

  • Deborah Smith

    STAFF DEVELOP. & INFECT. PREVEN. RN

    Total calculated
    $150,574
    From this org
    $130,640
    From related orgs
    $0
    Other
    $19,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,540
    Bonus
    $100
    Other
    $0
    Deferred
    $6,358
    Nontaxable benefits
    $13,576
    Filer's total
    $150,574

  • Kara Taylor

    DIRECTOR OF NURSING

    Total calculated
    $169,036
    From this org
    $163,480
    From related orgs
    $0
    Other
    $5,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,380
    Bonus
    $5,100
    Other
    $0
    Deferred
    $5,392
    Nontaxable benefits
    $164
    Filer's total
    $169,036

  • Nastasia Villeda

    RN SUPERVISOR

    Total calculated
    $142,287
    From this org
    $127,476
    From related orgs
    $0
    Other
    $14,811
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
THE PRESIDENT OF ELIM PARK IS REQUIRED TO LIVE ON THE FACILITY CAMPUS AS A CONDITION OF EMPLOYMENT. HOUSING IS CONSIDERED NONTAXABLE COMPENSATION AND THE VALUE IS INCLUDED IN PART II COLUMN D.
PART I, LINE 7
BONUS RECEIVED BY THE OFFICERS WERE DISCRETIONARY AND APPROVED 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

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
2024
Filed
12 February 2026
IRS schema version
2024v5.5
Source object
202630449349300348

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