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Nonprofiteer
← FOREST RIDGE MANOR INC

Form 990 for tax year 2022

Filed by FOREST RIDGE MANOR INC.

Totals

Total revenue
$303,755
Total expenses
$378,237
Contributions and grants received
$163,351
Grants paid
$0
Program service revenue
$139,354
Investment income
$97
Other revenue
$953
Total assets, end of year
$2,412,235
Total liabilities, end of year
$3,545,535
Net assets or fund balances, end of year
-$1,133,300
Program services expenses (Part IX)
$315,735
Management and general expenses
$62,502
Fundraising expenses
$0
Program service expenses (Part III)
$315,735

Program services were 83.5% 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)

    $163,351

  • 2a · Program service revenue: RENTAL REVENUE

    total $139,354 · related or exempt $139,354

  • 3 · Investment income

    total $97 · excluded $97

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $704 · related or exempt $704

  • 11b · Other revenue: TENANT CHARGES

    total $249 · related or exempt $249

  • 11e · Other revenue, total

    $953

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $39,325 · management and general $39,325

  • 11b · Fees: legal

    total $410 · program services $410

  • 11g · Fees: other

    total $10,386 · management and general $10,386

  • 12 · Advertising and promotion

    total $1,122 · program services $1,122

  • 13 · Office expenses

    total $15,280 · program services $15,280

  • 16 · Occupancy

    total $47,426 · program services $47,426

  • 19 · Conferences, conventions and meetings

    total $638 · management and general $638

  • 20 · Interest

    total $22,240 · program services $22,240

  • 22 · Depreciation, depletion and amortization

    total $98,778 · program services $98,778

  • 23 · Insurance

    total $10,078 · program services $10,078

  • 24a · Other expenses: CONTRACT EXPENSES

    total $96,959 · program services $96,959

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $21,727 · program services $21,727

  • 24c · Other expenses: MISC. ADMINISTRATIVE EX

    total $12,956 · program services $803 · management and general $12,153

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $912 · program services $912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $359 · end of year $21,208

  • 2 · Savings and temporary cash investments

    beginning of year $12,114 · end of year $12,429

  • 4 · Accounts receivable

    beginning of year $10,442 · end of year $14,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,112 · end of year $1,013

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

    $3,685,483

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

    $1,508,088

  • 10c · Land, buildings and equipment, net

    beginning of year $2,276,173 · end of year $2,177,395

  • 15 · Other assets

    beginning of year $91,253 · end of year $185,646

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,576 · end of year $35,913

  • 19 · Deferred revenue

    beginning of year $9 · end of year $84

  • 23 · Secured mortgages and notes payable

    beginning of year $3,427,701 · end of year $3,498,903

  • 25 · Other liabilities

    beginning of year $10,985 · end of year $10,635

  • 27 · Net assets without donor restrictions

    beginning of year -$1,058,818 · end of year -$1,133,300

Mission and programs · 2022

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES.

  • FOREST RIDGE MANOR, INC. IS A RESIDENTIAL HOUSING DEVELOPMENT FOR LOW INCOME SENIORS THAT MINISTERS TO THE SPIRITUAL & PHYSICAL NEEDS OF ITS RESIDENTS, PROVIDES A SAFE, CLEAN, AND COMFORTABLE ENVIRONMENT & TREATS SENIORS WITH RESPECT AND DIGNITY.

    Expenses $315,735 · Revenue $140,307

As filed on the 2022 return.

Listed in Part VII

  • Nellie Ward Cole

    PRESIDENT

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Jennifer Rauch

    TREASURER

    Total calculated
    $202,851
    From this org
    $0
    From related orgs
    $182,649
    Other
    $20,202
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,519 related
    Bonus
    $0 + $18,922 related
    Other
    $0 + $208 related
    Deferred
    $0 + $8,002 related
    Nontaxable benefits
    $0 + $12,200 related
    Filer's total
    $0 + $202,851 related

  • Andrew Joseph

    SECRETARY

    Total calculated
    $392,364
    From this org
    $0
    From related orgs
    $365,377
    Other
    $26,987
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,588 related
    Bonus
    $0 + $55,444 related
    Other
    $0 + $1,345 related
    Deferred
    $0 + $10,469 related
    Nontaxable benefits
    $0 + $16,518 related
    Filer's total
    $0 + $392,364 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

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.

  • ASBURY INC

    501(C)(3) · PROVIDE A REGIONAL NETWORK OF CONTINUING CARE RETIREMENT COMMUNITIES · TN

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202312649349301201

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