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← CLARK RETIREMENT SERVICES COMPANY

Form 990 for tax year 2022

Filed by CLARK RETIREMENT SERVICES COMPANY.

Totals

Total revenue
-$37,006
Total expenses
$491
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$37,006
Other revenue
$0
Total assets, end of year
$411,867
Total liabilities, end of year
$90,094
Net assets or fund balances, end of year
$321,773
Program services expenses (Part IX)
$0
Management and general expenses
$491
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $38,716 · excluded $38,716

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

    other assets $75,722

  • 7c · Gain or loss

    other assets -$75,722

  • 7d · Net gain or loss

    total -$75,722 · excluded -$75,722

Functional expenses

Part IX, the statement of functional expenses.

  • 17 · Travel

    total $451 · management and general $451

  • 24a · Other expenses: LICENSES & DUES

    total $40 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $325,920 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $160,000 · end of year $119,867

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

    $292,000

  • 10c · Land, buildings and equipment, net

    beginning of year $292,000 · end of year $292,000

  • 13 · Investments: program-related

    beginning of year $145,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $58,241

  • 25 · Other liabilities

    beginning of year $0 · end of year $31,853

  • 27 · Net assets without donor restrictions

    beginning of year $923,513 · end of year $321,773

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT FOR CLARK RETIREMENT COMMUNITY, INC AND OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE CLARK RETIREMENT COMMUNITY MISSION.

  • TO SUPPORT CLARK RETIREMENT COMMUNITY, INC AND ITS MISSION TO CREATE COMMUNITIES OF DIGNITY, COMPASSION AND RESPECT CENTERED ON THE LIVES OF THE OLDER ADULTS AND THOSE WHO CARE FOR THEM, INCLUDING LONG RANGE STRATEGIC PLANNING, FINANCIAL CONTROL AND PROGRAMS THAT CAUSE SUCH ORGANIZATIONS TO FUNCTION AS AN INTEGRATED SYSTEM.

As filed on the 2022 return.

Listed in Part VII

  • Brian Pangle

    DIRECTOR & PRESIDENT

    Total calculated
    $262,220
    From this org
    $0
    From related orgs
    $233,815
    Other
    $28,405
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,815 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,229 related
    Nontaxable benefits
    $0 + $15,176 related
    Filer's total
    $0 + $262,220 related

  • Jay Rumbach

    DIRECTOR & SECRETARY

    Total calculated
    $216,210
    From this org
    $0
    From related orgs
    $199,838
    Other
    $16,372
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,538 related
    Bonus
    $0 + $300 related
    Other
    $0
    Deferred
    $0 + $15,007 related
    Nontaxable benefits
    $0 + $1,365 related
    Filer's total
    $0 + $216,210 related

  • Roger Weideman II

    DIRECTOR & CFO

    Total calculated
    $370,172
    From this org
    $0
    From related orgs
    $334,250
    Other
    $35,922
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,250 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $15,282 related
    Nontaxable benefits
    $0 + $20,640 related
    Filer's total
    $0 + $370,172 related

  • John Dattilo

    DIRECTOR & CEO

    Total calculated
    $401,521
    From this org
    $0
    From related orgs
    $363,620
    Other
    $37,901
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,620 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $16,957 related
    Nontaxable benefits
    $0 + $20,944 related
    Filer's total
    $0 + $401,521 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
METHODS USED TO DETERMINE COMPENSATION: COMPENSATION PAID BY BHI RETIREMENT COMMUNITIES IS DETERMINED BY THE REVIEW AND APPROVAL OF THE BHI SENIOR LIVING BOARD WHICH INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 2451 FOREST HILLS LLC

    TO HOLD LAND · MI · income $0 · assets $292,000

    Directly controlled by CLARK RETIREMENT SERVICES COMPANY

  • 1551 FRANKLIN STREET LLC

    HOLDING COMPANY FOR NONPROFITS AND RELATED FOR PROFIT · MI · income $0 · assets $0

    Directly controlled by CLARK RETIREMENT SERVICES COMPANY

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WESLEY MANOR SOUTHSIDE LP

    RETIRE LIVING · IN · general or managing partner

Related corporations and trusts

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

  • SLDEVELOPMENT INC

    C · GOLF COURSE · IN · controlled entity

  • BHI HOME CARE INC

    C · HOME CARE · IN · controlled entity

  • 1546 SHERMAN STREET LLC

    C · INVESTMENT COMPANY · MI · 100% owned · share of income $154,309 · share of assets $940,209 · controlled entity

    Directly controlled by CLARK RETIREMENT SERVICES COMPANY

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313179349305166

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