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← SAMARITAS FOUNDATION

Form 990 for tax year 2023

Filed by SAMARITAS FOUNDATION.

Totals

Total revenue
$63,458
Total expenses
$958,462
Contributions and grants received
$55,334
Grants paid
$667,609
Program service revenue
$0
Investment income
$8,124
Other revenue
$0
Total assets, end of year
$20,902,211
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,902,211
Program services expenses (Part IX)
$667,609
Management and general expenses
$290,853
Fundraising expenses
$0
Program service expenses (Part III)
$667,609

Program services were 69.7% 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

    $55,334

  • 3 · Investment income

    total $431,043 · excluded $431,043

  • 6a · Gross rents

    real property $129,847

  • 6b · Less rental expenses

    real property $129,847

  • 6c · Rental income or loss

    real property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,026,184

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

    securities $5,449,103

  • 7c · Gain or loss

    securities -$422,919

  • 7d · Net gain or loss

    total -$422,919 · excluded -$422,919

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $667,609 · program services $667,609

  • 11a · Fees: management

    total $168,000 · management and general $168,000

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11f · Fees: investment management

    total $118,759 · management and general $118,759

  • 11g · Fees: other

    total $944 · management and general $944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,300 · end of year $15,880

  • 2 · Savings and temporary cash investments

    beginning of year $329,502 · end of year $255,627

  • 3 · Pledges and grants receivable

    beginning of year $20,924 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,068 · end of year $0

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

    $1,522,122

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

    $388,430

  • 10c · Land, buildings and equipment, net

    beginning of year $1,263,538 · end of year $1,133,692

  • 11 · Investments: publicly traded securities

    beginning of year $17,519,758 · end of year $18,398,099

  • 15 · Other assets

    beginning of year $55,506 · end of year $1,098,913

  • 25 · Other liabilities

    beginning of year $497,140 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,979,791 · end of year $7,808,800

  • 28 · Net assets with donor restrictions

    beginning of year $11,746,665 · end of year $13,093,411

Mission and programs · 2023

Mission

TO ESTABLISH A PERMANENT ENDOWMENT FUND OR FUNDS TO RECEIVE AND ADMINISTER FUNDS AND TO BE OPERATED SOLELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF SAMARITAS, A MICHIGAN NONPROFIT CORPORATION ("SAMARITAS") AND/OR ITS SUBSIDIARIES AND AFFILIATED ENTITIES, TO BE USED SOLELY TO ASSIST IN FULFILLING THE CAPITAL AND PROGRAM SERVICES REQUIREMENTS. TO PROVIDE SUPPORT EXCLUSIVELY TO SAMARITAS TO ENABLE IT TO ACCOMPLISH ITS MISSION OF SERVING OTHERS. TO ACCEPT GIFTS, DEVISES AND BEQUESTS OF PROPERTY, BOTH REAL AND PERSONAL, INCLUDING ENDOWMENT FUNDS, OUTRIGHT OR IN TRUST, AND TO INVEST, MANAGE AND/OR DISTRIBUTE THE SAME AND THE PROCEEDS THEREOF FOR THE USES OF THIS FOUNDATION.

Activities or mission (Part I)

THE RECEIPT OF CONTRIBUTIONS AND BEQUESTS FOR THE BENEFITS OF SUPPORTING THE MISSION OF SAMARITAS.

  • THE FOUNDATION IS A SUPPORTING ORGANIZATION OF SAMARITAS. AS A SUPPORTING ORGANIZATION, THE FOUNDATION SUPPORTS THE MISSION OF SAMARITAS THROUGH GRANTS PAID FOR OPERATIONAL AND CAPITAL PURPOSES.

    Expenses $667,609 · Grants $667,609

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

Listed in Part VII

  • David Morin

    TRUSTEE, SAMARITAS CEO

    Total calculated
    $298,627
    From this org
    $0
    From related orgs
    $297,415
    Other
    $1,212
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,693 related
    Bonus
    $0 + $14,722 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,212 related
    Filer's total
    $0 + $298,627 related

  • David Wohleen

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Ellen Batkie

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Bonnie Reyes

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Abel Alcala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Balas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Blaser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheilda Braddock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wafa Dinaro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Dwyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chip Hardwick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristin Legato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Mayes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Nussdorfer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Russell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jean Schluckebier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Lochner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 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

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.

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 partnerships

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

  • SAMARITAS AFFORDABLE LIVING SPRING LAKE LDHA LP

    LOW INCOME HOUSING · MI

  • DANISH VILLAGE LDHA LP

    LOW INCOME HOUSING · MI

  • ADRIAN VILLAGE LDHA LP

    LOW INCOME HOUSING · MI

  • VILLAGE PINES OF MONROE LDHA LP

    LOW INCOME HOUSING · MI

  • SAMARITAS AFFORDABLE LIVING GRAND RAPIDS LDHA LP

    LOW INCOME HOUSING · MI

  • SAMARITAS AFFORDABLE LIVING MUSKEGON LDHA LP

    LOW INCOME HOUSING · MI

Related corporations and trusts

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

  • SAMARITAS AFFORDABLE LIVING MUSKEGON GP LLC

    C · HOUSING ASSISTANCE · MI

  • SAMARITAS AFFORDABLE LIVING GRAND RAPIDS GP LLC

    C · HOUSING ASSISTANCE · MI

  • VILLAGES PINES OF MONROE GP LLC

    C · HOUSING ASSISTANCE · MI

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202433099349301503

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