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Nonprofiteer
← ACTS RETIREMENT SERVICES INC

Form 990 for tax year 2022

Filed by ACTS RETIREMENT SERVICES INC.

Totals

Total revenue
$69,569,642
Total expenses
$71,182,375
Contributions and grants received
$0
Grants paid
$150,450
Program service revenue
$68,770,236
Investment income
$668,361
Other revenue
$131,045
Total assets, end of year
$52,920,011
Total liabilities, end of year
$40,301,474
Net assets or fund balances, end of year
$12,618,537
Program services expenses (Part IX)
$54,831,632
Management and general expenses
$15,539,427
Fundraising expenses
$811,316
Program service expenses (Part III)
$54,831,632

Program services were 77.0% 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: MGMT SERVICES REVENUE

    total $50,154,774 · related or exempt $50,154,774

  • 2b · Program service revenue: RESIDENT SERVICE REVENUE

    total $12,607,137 · related or exempt $12,607,137

  • 2c · Program service revenue: MEDICARE

    total $6,008,325 · related or exempt $6,008,325

  • 3 · Investment income

    total $42,157 · excluded $42,157

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,626 · excluded $1,626

  • 6a · Gross rents

    real property $208,423

  • 6b · Less rental expenses

    real property $77,418

  • 6c · Rental income or loss

    real property $131,005

  • 6d · Net rental income or loss

    total $131,005 · excluded $131,005

  • 7a · Gross sales of assets other than inventory

    securities $3,478,513

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

    securities $2,853,935

  • 7c · Gain or loss

    securities $624,578

  • 7d · Net gain or loss

    total $624,578 · excluded $624,578

  • 11a · Other revenue: DISCOUNTS EARNED

    total $40 · excluded $40

  • 11e · Other revenue, total

    $40

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,450 · program services $150,450

  • 5 · Compensation of officers, directors and key employees

    total $12,144,967 · program services $9,146,013 · management and general $2,998,954

  • 6 · Compensation of disqualified persons

    total $432,663 · program services $333,192 · management and general $99,471

  • 7 · Other salaries and wages

    total $39,664,548 · program services $31,214,867 · management and general $7,855,812 · fundraising $593,869

  • 8 · Pension plan contributions

    total $2,972,939 · program services $2,742,152 · management and general $230,787

  • 9 · Other employee benefits

    total $4,398,491 · program services $3,564,965 · management and general $832,881 · fundraising $645

  • 10 · Payroll taxes

    total $3,601,592 · program services $2,899,025 · management and general $661,804 · fundraising $40,763

  • 11b · Fees: legal

    total $83,873 · management and general $83,873

  • 11c · Fees: accounting

    total $68,905 · management and general $68,905

  • 11f · Fees: investment management

    total $74,042 · management and general $53,640 · fundraising $20,402

  • 11g · Fees: other

    total $608,313 · program services $579,044 · management and general $26,869 · fundraising $2,400

  • 12 · Advertising and promotion

    total $23,157 · program services $12,205 · management and general $10,952

  • 13 · Office expenses

    total $774,184 · program services $119,661 · management and general $614,977 · fundraising $39,546

  • 14 · Information technology

    total $208,314 · management and general $163,709 · fundraising $44,605

  • 16 · Occupancy

    total $931,294 · program services $634,422 · management and general $296,872

  • 17 · Travel

    total $1,694,553 · program services $1,260,776 · management and general $400,483 · fundraising $33,294

  • 19 · Conferences, conventions and meetings

    total $28,477 · program services $28,477

  • 20 · Interest

    total $356,825 · program services $356,825

  • 22 · Depreciation, depletion and amortization

    total $1,383,194 · program services $390,761 · management and general $992,433

  • 23 · Insurance

    total $181,674 · program services $155,950 · management and general $25,724

  • 24a · Other expenses: BAD DEBT

    total $619,651 · program services $619,651

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $323,681 · program services $323,681

  • 24c · Other expenses: SALES TAX

    total $44,886 · program services $2,313 · management and general $42,573

  • 24d · Other expenses: LICENSE & FEES

    total $36,744 · program services $17,903 · management and general $15,259 · fundraising $3,582

  • 24e · All other expenses

    total $374,958 · program services $279,299 · management and general $63,449 · fundraising $32,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175 · end of year $175

  • 2 · Savings and temporary cash investments

    beginning of year $4,460,576 · end of year $3,108,058

  • 4 · Accounts receivable

    beginning of year $2,246,600 · end of year $2,710,720

  • 9 · Prepaid expenses and deferred charges

    beginning of year $913,526 · end of year $755,998

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

    $21,060,114

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

    $5,328,847

  • 10c · Land, buildings and equipment, net

    beginning of year $21,150,028 · end of year $15,731,267

  • 11 · Investments: publicly traded securities

    beginning of year $5,226,786 · end of year $3,352,914

  • 14 · Intangible assets

    beginning of year $4,450,000 · end of year $3,560,000

  • 15 · Other assets

    beginning of year $15,326,852 · end of year $23,700,879

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,154,809 · end of year $24,188,426

  • 23 · Secured mortgages and notes payable

    beginning of year $17,912,468 · end of year $16,113,048

  • 25 · Other liabilities

    beginning of year $565 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,706,701 · end of year $12,618,537

Mission and programs · 2022

Mission

ACTS RETIREMENT SERVICES, INC. IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.

Activities or mission (Part I)

ACTS RETIREMENT SERVICES' PURPOSE IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.

  • ACTS SIGNATURE COMMUNITY SERVICES, INC. (ASCS) PROVIDES SERVICES, SUCH AS HOSPICE, HOME HEALTH, AND PRIMARY CARE SERVICES, TO RESIDENTS LIVING IN CONTINUING CARE RETIREMENT COMMUNITIES THAT ARE RUN BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. AND TO OTHER INDIVIDUALS WITHIN THE SURROUNDING COMMUNITY AND CONDUCTS OTHER ACTIVITIES AND STUDIES THAT AFFECT SENIORS.ACTS MANAGEMENT SERVICES, INC. (AMS) PROVIDES CENTRALIZED MANAGEMENT AND DEVELOPMENT SERVICES FOR ALL OF THE ACTS ENTITIES.

    Expenses $54,831,632 · Grants $150,450 · Revenue $68,770,236

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GERALD T GRANT

    CEO & CHAIRMAN (ASCS)

    Total calculated
    $1,360,520
    From this org
    $818,586
    From related orgs
    $0
    Other
    $541,934
    Hours/week
    17 + 38.1 related

    Schedule J breakdown matched by us

    Base
    $602,062
    Bonus
    $216,524
    Other
    $0
    Deferred
    $527,221
    Nontaxable benefits
    $14,713
    Filer's total
    $1,360,520

  • KAREN I CHRISTIANSEN

    PRESIDENT & ASSISTANT SECRETARY

    Total calculated
    $805,791
    From this org
    $593,046
    From related orgs
    $0
    Other
    $212,745
    Hours/week
    17.5 + 37.6 related

    Schedule J breakdown matched by us

    Base
    $444,870
    Bonus
    $148,176
    Other
    $0
    Deferred
    $194,451
    Nontaxable benefits
    $18,294
    Filer's total
    $805,791

  • DANIEL W LAWSON II

    DIRECTOR, AMS & AAM

    Total calculated
    $0
    Hours/week
    0.6 + 1.5 related

  • DILIP A KULATHUM

    DIRECTOR, AMS & ASCS (UNTIL 12/4/22)

    Total calculated
    $0
    Hours/week
    1 + 4.1 related

  • JOHN L ESTERHAI JR MD

    CHAIRMAN, AMS & AAM, DIRECTOR, ASCS

    Total calculated
    $0
    Hours/week
    0.5 + 3.8 related

  • MARVIN MASHNER

    DIRECTOR, AMS & AAM

    Total calculated
    $0
    Hours/week
    0.4 + 4.2 related

  • ROBERT B EVANS

    DIRECTOR, ASCS

    Total calculated
    $0
    Hours/week
    0.5 + 5.5 related

  • THOMAS A DUNN III

    DIRECTOR, AMS & AAM

    Total calculated
    $0
    Hours/week
    0.4 + 2.2 related

  • GLENN D FOX

    EVP LEGAL, COMP, RISK & SEC'Y

    Total calculated
    $824,418
    From this org
    $463,488
    From related orgs
    $0
    Other
    $360,930
    Hours/week
    12 + 38.1 related

    Schedule J breakdown matched by us

    Base
    $364,548
    Bonus
    $98,940
    Other
    $0
    Deferred
    $346,217
    Nontaxable benefits
    $14,713
    Filer's total
    $824,418

  • CHARLES W COXSON III

    EXEC VP & COO (TO MARCH 2022)

    Total calculated
    $2,704,891
    From this org
    $2,695,355
    From related orgs
    $0
    Other
    $9,536
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $184,794
    Bonus
    $101,850
    Other
    $2,408,711
    Deferred
    $6,192
    Nontaxable benefits
    $3,344
    Filer's total
    $2,704,891

  • CHRISTOPHER J HARTMAN SR

    VP, IT OPERATIONS

    Total calculated
    $244,139
    From this org
    $224,055
    From related orgs
    $0
    Other
    $20,084
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $184,972
    Bonus
    $39,083
    Other
    $0
    Deferred
    $8,985
    Nontaxable benefits
    $11,099
    Filer's total
    $244,139

  • DEIRDRE GROENEN

    SVP, CHIEF HUMAN RESOURCES

    Total calculated
    $328,616
    From this org
    $308,738
    From related orgs
    $0
    Other
    $19,878
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $246,373
    Bonus
    $62,365
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $7,678
    Filer's total
    $328,616

  • GARY J N GINTER

    SVP, PROCUREMENT & CONTRACT MGMT.

    Total calculated
    $336,299
    From this org
    $309,528
    From related orgs
    $0
    Other
    $26,771
    Hours/week
    12 + 33 related

    Schedule J breakdown matched by us

    Base
    $251,329
    Bonus
    $58,199
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $14,571
    Filer's total
    $336,299

  • GEORGE R BRYAN

    VP OF OPERATIONS SOUTHEAST

    Total calculated
    $317,707
    From this org
    $287,849
    From related orgs
    $0
    Other
    $29,858
    Hours/week
    15 + 31 related

    Schedule J breakdown matched by us

    Base
    $232,803
    Bonus
    $55,046
    Other
    $0
    Deferred
    $11,780
    Nontaxable benefits
    $18,078
    Filer's total
    $317,707

  • HOLLY S SCHADE

    SVP, CHIEF CLINICAL OFFICER

    Total calculated
    $384,941
    From this org
    $364,879
    From related orgs
    $0
    Other
    $20,062
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $290,766
    Bonus
    $74,113
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $7,862
    Filer's total
    $384,941

  • JAMES H PETTY

    SVP, STRATEGY & MISSION DEV.

    Total calculated
    $376,766
    From this org
    $346,322
    From related orgs
    $0
    Other
    $30,444
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $273,309
    Bonus
    $73,013
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $18,244
    Filer's total
    $376,766

  • JEFFERSON D KAIGHN

    EVP & CAO

    Total calculated
    $628,509
    From this org
    $414,958
    From related orgs
    $0
    Other
    $213,551
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $323,818
    Bonus
    $91,140
    Other
    $0
    Deferred
    $198,838
    Nontaxable benefits
    $14,713
    Filer's total
    $628,509

  • JEREMY O NEELY

    SVP, COMMUNITY OPERATIONS

    Total calculated
    $343,478
    From this org
    $318,130
    From related orgs
    $0
    Other
    $25,348
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $260,171
    Bonus
    $57,959
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $13,148
    Filer's total
    $343,478

  • JONATHAN D GRANT

    EXEC VP & COO

    Total calculated
    $406,827
    From this org
    $381,300
    From related orgs
    $0
    Other
    $25,527
    Hours/week
    15 + 33.1 related

    Schedule J breakdown matched by us

    Base
    $307,944
    Bonus
    $73,356
    Other
    $0
    Deferred
    $7,278
    Nontaxable benefits
    $18,249
    Filer's total
    $406,827

  • KENNETH J KARMERIS

    SVP REAL ESTATE AND DEVEL. SVCS.

    Total calculated
    $361,053
    From this org
    $334,206
    From related orgs
    $0
    Other
    $26,847
    Hours/week
    20 + 25 related

    Schedule J breakdown matched by us

    Base
    $266,831
    Bonus
    $67,375
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $14,647
    Filer's total
    $361,053

  • LORI M WOODWARD

    SVP, CHIEF MARKETING OFFICER

    Total calculated
    $383,197
    From this org
    $363,206
    From related orgs
    $0
    Other
    $19,991
    Hours/week
    20 + 25 related

    Schedule J breakdown matched by us

    Base
    $289,472
    Bonus
    $73,734
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $7,791
    Filer's total
    $383,197

  • MEGAN LONGLEY

    VP SALES

    Total calculated
    $305,713
    From this org
    $286,818
    From related orgs
    $0
    Other
    $18,895
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $236,952
    Bonus
    $49,866
    Other
    $0
    Deferred
    $11,253
    Nontaxable benefits
    $7,642
    Filer's total
    $305,713

  • PATRICK M PLUMADORE

    VP, HOSPITALITY & RESTAUR. SVC.

    Total calculated
    $308,795
    From this org
    $296,279
    From related orgs
    $0
    Other
    $12,516
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $246,261
    Bonus
    $50,018
    Other
    $0
    Deferred
    $11,820
    Nontaxable benefits
    $696
    Filer's total
    $308,795

  • PAUL M REINBOLD MDCMD

    VP & CHIEF MEDICAL DIRECTOR

    Total calculated
    $393,957
    From this org
    $363,519
    From related orgs
    $0
    Other
    $30,438
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $297,369
    Bonus
    $66,150
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $18,238
    Filer's total
    $393,957

  • PETER J KRESS

    SVP & CIO

    Total calculated
    $355,234
    From this org
    $328,419
    From related orgs
    $0
    Other
    $26,815
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $264,157
    Bonus
    $64,262
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $14,615
    Filer's total
    $355,234

  • DAVID VEGA

    VP, OPERATIONS ANALYSIS & COMP

    Total calculated
    $173,593
    From this org
    $166,584
    From related orgs
    $0
    Other
    $7,009
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $145,657
    Bonus
    $20,927
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,009
    Filer's total
    $173,593

  • SEAN T FLETCHER

    VP, PROP. MGT. & CONSTRUCT. SVC.

    Total calculated
    $271,937
    From this org
    $254,212
    From related orgs
    $0
    Other
    $17,725
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $210,292
    Bonus
    $43,920
    Other
    $0
    Deferred
    $10,142
    Nontaxable benefits
    $7,583
    Filer's total
    $271,937

  • STEPHEN LA PIERRE

    VP OF OPERATIONS NORTHEAST

    Total calculated
    $305,080
    From this org
    $286,035
    From related orgs
    $0
    Other
    $19,045
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $233,647
    Bonus
    $52,388
    Other
    $0
    Deferred
    $11,416
    Nontaxable benefits
    $7,629
    Filer's total
    $305,080

  • STEPHEN V EGGLES

    VP OF OPERATIONS MIDSOUTH

    Total calculated
    $316,231
    From this org
    $286,328
    From related orgs
    $0
    Other
    $29,903
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $229,825
    Bonus
    $56,503
    Other
    $0
    Deferred
    $11,839
    Nontaxable benefits
    $18,064
    Filer's total
    $316,231

  • SUSAN AHERN

    SVP & CFO, TREASURER

    Total calculated
    $344,108
    From this org
    $313,772
    From related orgs
    $0
    Other
    $30,336
    Hours/week
    16.5 + 36.6 related

    Schedule J breakdown matched by us

    Base
    $254,606
    Bonus
    $59,166
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $18,136
    Filer's total
    $344,108

  • TERESA MOORE

    VP, RESIDENT HEALTH SERVICES

    Total calculated
    $243,670
    From this org
    $227,080
    From related orgs
    $0
    Other
    $16,590
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $186,580
    Bonus
    $40,500
    Other
    $0
    Deferred
    $9,042
    Nontaxable benefits
    $7,548
    Filer's total
    $243,670

  • TERUKO A WHITE

    VP OF OPERATIONS, MID-ATLANTIC

    Total calculated
    $320,571
    From this org
    $296,095
    From related orgs
    $0
    Other
    $24,476
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $238,719
    Bonus
    $57,376
    Other
    $0
    Deferred
    $12,037
    Nontaxable benefits
    $12,439
    Filer's total
    $320,571

  • PEGGY C VALDIVIA

    VP & CONTROLLER, ASST. TREAS.

    Total calculated
    $234,993
    From this org
    $208,602
    From related orgs
    $0
    Other
    $26,391
    Hours/week
    15.5 + 33.6 related

    Schedule J breakdown matched by us

    Base
    $177,090
    Bonus
    $31,512
    Other
    $0
    Deferred
    $8,482
    Nontaxable benefits
    $17,909
    Filer's total
    $234,993

  • BRIAN LEVESQUE

    EXECUTIVE DIRECTOR

    Total calculated
    $230,424
    From this org
    $210,947
    From related orgs
    $0
    Other
    $19,477
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $180,717
    Bonus
    $30,230
    Other
    $0
    Deferred
    $8,646
    Nontaxable benefits
    $10,831
    Filer's total
    $230,424

  • RICHARD CURTIS

    EXECUTIVE DIRECTOR

    Total calculated
    $236,249
    From this org
    $213,430
    From related orgs
    $0
    Other
    $22,819
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $182,227
    Bonus
    $31,203
    Other
    $0
    Deferred
    $8,808
    Nontaxable benefits
    $14,011
    Filer's total
    $236,249

  • DENNIS GRIEST

    PRESIDENT, AAM (THRU 10/3/22)

    Total calculated
    $285,664
    From this org
    $263,025
    From related orgs
    $0
    Other
    $22,639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,025
    Bonus
    $30,000
    Other
    $0
    Deferred
    $10,246
    Nontaxable benefits
    $12,393
    Filer's total
    $285,664

  • BRIAN RUTTER

    CMO, AAM

    Total calculated
    $245,617
    From this org
    $228,556
    From related orgs
    $0
    Other
    $17,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,056
    Bonus
    $46,500
    Other
    $0
    Deferred
    $9,285
    Nontaxable benefits
    $7,776
    Filer's total
    $245,617

  • CRAIG THOMPSON

    PRESIDENT, AAM

    Total calculated
    $264,690
    From this org
    $239,763
    From related orgs
    $0
    Other
    $24,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,763
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,873
    Nontaxable benefits
    $15,054
    Filer's total
    $264,690

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 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 1A
THE ORGANIZATION HAS AN ANNUAL BOARD OF DIRECTORS' EDUCATIONAL RETREAT NEAR ONE OR MORE OF THE ORGANIZATION'S COMMUNITIES, WHICH MAY REQUIRE SOME OR ALL BOARD MEMBERS TO TRAVEL. SPOUSES OF BOARD MEMBERS ARE ALSO INVITED TO ATTEND AT THE COMPANY'S EXPENSE. THESE SPOUSES PARTICIPATE IN EDUCATIONAL SESSIONS, SINCE THEY TOO HAVE AN INTEREST IN THE MISSION OF THE ORGANIZATION, FREQUENTLY BECOME INVOLVED IN DISCUSSION OF THEIR SPOUSE'S ROLE AND HOW THE ORGANIZATION FUNCTIONS, AND ALSO MUST PROVIDE ENABLING SUPPORT TO THE BOARD MEMBER. IN ADDITION, SPOUSES ALSO PROVIDE INSIGHT INTO THE EFFECTS OF ORGANIZATIONAL PLANS AND STRATEGIES. AS SUCH, THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3
IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AND INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM THE COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE MEDIAN AND SLIGHTLY ABOVE IN ACCORDANCE WITH LEVELS IDENTIFIED IN THE STUDY. THE REPORTS' FINDINGS ARE REVIEWED WITH THE PARENT BOARD OFFICERS. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED BY THE BOARD CHAIR.
PART I, LINE 4B
OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, CHARLES W. COXSON, III, GERALD T. GRANT, GLENN D. FOX, AND JEFFERSON D. KAIGHN INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $182,251 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $515,021 FOR GERALD T. GRANT (NON-VESTED), $334,017 FOR GLENN D. FOX (NON-VESTED), AND $186,638 FOR JEFFERSON D. KAIGHN (NON-VESTED). OTHER COMPENSATION FOR CHARLES W. COXSON, III, REFLECTS A SUPPLEMENTAL RETIREMENT PAYMENT OF $2,408,711.

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.

  • ACTS RETIREMENT-LIFE COMMUNITIES INC

    501(C)(3) · OWNER AND OPERATOR OF CONTINUNING CARE RETIREMENT COMMUNITIES · PA

    Directly controlled by ACTS RETIREMENT SERVICES INC

  • ACTS LEGACY FOUNDATION INC

    501(C)(3) · FUNDRAISING · DE

    Directly controlled by ACTS RETIREMENT SERVICES INC

  • HERON POINT OF CHESTERTOWN INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by ACTS ACQUISITION AND DEVELOPMENT COMPANY LLC

  • PRESBYTERIAN RETIREMENT CORPORATION INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · AL

    Directly controlled by ACTS ACQUISITION AND DEVELOPMENT COMPANY LLC

  • THE EVERGREENS

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NJ

    Directly controlled by ACTS ACQUISITION AND DEVELOPMENT COMPANY LLC

  • COPPER RIDGE INC

    501(C)(3) · LONG-TERM CARE FACILITY · MD

    Directly controlled by INTEGRACE INC

  • INTEGRACE INC

    501(C)(3) · OWNS AND OPERATES CONTINUING CARE RETIREMENT COMMUNITIES · MD

    Directly controlled by ACTS ACQUISITION AND DEVELOPMENT COMPANY LLC

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.

  • ACTS RETIREMENT-LIFE COMMUNITIES MANAGEMENT LLC

    PROVIDES MANAGEMENT AND RELATED SERVICES TO SENIOR LIVING PROVIDERS · PA · income $0 · assets $0

    Directly controlled by ACTS MANAGEMENT SERVICES INC

  • ACTS ALLIANCE MANAGEMENT LLC

    PROVIDES MANAGEMENT AND RELATED SERVICES TO SENIOR LIVING PROVIDERS · PA · income $3,888,827 · assets $4,232,988

    Directly controlled by ACTS MANAGEMENT SERVICES INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349301919

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