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Nonprofiteer
← GEER CORPORATION

Form 990 for tax year 2022

Filed by GEER CORPORATION.

Totals

Total revenue
$894,383
Total expenses
$1,465,655
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$914,768
Investment income
$0
Other revenue
-$20,385
Total assets, end of year
$1,734,678
Total liabilities, end of year
$882,997
Net assets or fund balances, end of year
$851,681
Program services expenses (Part IX)
$1,465,655
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,465,655

Program services were 100.0% 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.

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $914,768 · related or exempt $914,768

  • 6a · Gross rents

    real property $71,903

  • 6b · Less rental expenses

    real property $92,288

  • 6c · Rental income or loss

    real property -$20,385

  • 6d · Net rental income or loss

    total -$20,385 · unrelated business $1,560 · excluded -$21,945

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $240,225 · program services $240,225

  • 7 · Other salaries and wages

    total $857,214 · program services $857,214

  • 8 · Pension plan contributions

    total $5,695 · program services $5,695

  • 9 · Other employee benefits

    total $125,779 · program services $125,779

  • 10 · Payroll taxes

    total $78,224 · program services $78,224

  • 11b · Fees: legal

    total $9,919 · program services $9,919

  • 11c · Fees: accounting

    total $2,650 · program services $2,650

  • 11g · Fees: other

    total $65,658 · program services $65,658

  • 13 · Office expenses

    total $2,016 · program services $2,016

  • 14 · Information technology

    total $12,343 · program services $12,343

  • 16 · Occupancy

    total $12,499 · program services $12,499

  • 17 · Travel

    total $815 · program services $815

  • 20 · Interest

    total $48,493 · program services $48,493

  • 24a · Other expenses: FOOD COSTS

    total $4,125 · program services $4,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,443 · end of year $19,324

  • 4 · Accounts receivable

    beginning of year $3,970 · end of year $0

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

    $1,596,735

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

    $598,323

  • 10c · Land, buildings and equipment, net

    beginning of year $1,007,356 · end of year $998,412

  • 14 · Intangible assets

    beginning of year $2,512 · end of year $2,327

  • 15 · Other assets

    beginning of year $1,105,846 · end of year $714,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,783 · end of year $159,546

  • 23 · Secured mortgages and notes payable

    beginning of year $687,532 · end of year $708,564

  • 24 · Unsecured notes and loans payable

    beginning of year $10,043 · end of year $10,043

  • 25 · Other liabilities

    beginning of year $6,816 · end of year $4,844

  • 27 · Net assets without donor restrictions

    beginning of year $1,422,953 · end of year $851,681

Mission and programs · 2022

Mission

GEER IS A COMMUNITY OF HEALING PROFESSIONALS WHOSE PRINCIPAL MISSION IS TO CONSOLE, TREAT, STRENGTHEN, AND REFRESH THE BODIES, MINDS, AND SPIRITS OF THE ELDERLY AND DISABLED RESIDENTS OF THE TRI-STATE AREA.

Activities or mission (Part I)

TO PROVIDE MANAGEMENT OVERSIGHT TO AFFILIATED ORGANIZATIONS.

  • GEER CORPORATION PROVIDES MANAGEMENT OVERSIGHT TO THE FOUR OTHER AFFILIATED ORGANIZATIONS. THIS INCLUDES FINANCE, STRATEGIC AND OPERATIONAL PLANNING, DEVELOPMENT AND SUPERVISION.

    Expenses $1,465,655 · Revenue $914,768

As filed on the 2022 return.

Listed in Part VII

  • Lance Leifert

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Richard Solan

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • James Sok

    TREASURER (UNTIL 1/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Eileen Fox

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Edward Forfa

    DIRECTOR (UNTIL 3/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Dennis J Kobylarz MD

    DIRECTOR (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Karin Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Cyd Emmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Samuel Herrick

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Kevin O'Connell

    CEO

    Total calculated
    $242,638
    From this org
    $50,000
    From related orgs
    $168,854
    Other
    $23,784
    Hours/week
    1.6 + 38.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,854 related
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0 + $1,300 related
    Nontaxable benefits
    $0 + $22,484 related
    Filer's total
    $50,000 + $192,638 related

  • D Shaun Powell

    CFO

    Total calculated
    $185,420
    From this org
    $182,195
    From related orgs
    $0
    Other
    $3,225
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $182,195
    Bonus
    $0
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $1,725
    Filer's total
    $185,420

  • Anastacia Nicholas

    SENIOR DIRECTOR

    Total calculated
    $139,289
    From this org
    $120,569
    From related orgs
    $0
    Other
    $18,720
    Hours/week
    4 + 36 related

  • Lenore Consiglio

    ADMISSIONS DIRECTOR

    Total calculated
    $143,039
    From this org
    $126,681
    From related orgs
    $0
    Other
    $16,358
    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

  • 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 7
KEVIN O'CONNELL RECEIVED A BONUS TO BRING HIS COMPENSATION UP TO MARKET VALUE. THE BOARD DETERMINED AND APPROVED THIS BONUS BASED ON A STUDY OF SALARIES FOR COMPARABLE ENTITIES.

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
15 August 2024
IRS schema version
2022v5.0
Source object
202402289349303250

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