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Nonprofiteer
← WALKER SENIOR HOUSING CORPORATION II

Form 990 for tax year 2023

Filed by WALKER SENIOR HOUSING CORPORATION II.

Totals

Total revenue
-$14,207
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$14,207
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Listed in Part VII

  • PHIL HANSON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.02 + 0.23 related

  • MICK FINN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • LYNN SWON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • FRED SEMMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.03 + 0.22 related

  • SCOTT RIDDLE

    PRESIDENT/CEO

    Total calculated
    $472,501
    From this org
    $0
    From related orgs
    $450,813
    Other
    $21,688
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,423 related
    Bonus
    $0 + $16,100 related
    Other
    $0 + $9,290 related
    Deferred
    $0 + $5,959 related
    Nontaxable benefits
    $0 + $15,729 related
    Filer's total
    $0 + $472,501 related

  • RUSS GRUNDHAUSER

    CFO

    Total calculated
    $291,660
    From this org
    $0
    From related orgs
    $261,917
    Other
    $29,743
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,830 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $4,087 related
    Deferred
    $0 + $5,364 related
    Nontaxable benefits
    $0 + $24,379 related
    Filer's total
    $0 + $291,660 related

  • VERONICA BARNAS

    VP OF HR

    Total calculated
    $199,127
    From this org
    $0
    From related orgs
    $186,560
    Other
    $12,567
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,560 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $3,842 related
    Nontaxable benefits
    $0 + $8,725 related
    Filer's total
    $0 + $199,127 related

  • BEVERLY RANSFORD

    VP OF QUALITY

    Total calculated
    $193,476
    From this org
    $0
    From related orgs
    $190,587
    Other
    $2,889
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,720 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $49,867 related
    Deferred
    $0 + $2,524 related
    Nontaxable benefits
    $0 + $365 related
    Filer's total
    $0 + $193,476 related

  • STEPHEN WILSON

    VP OF OPERATIONS

    Total calculated
    $189,776
    From this org
    $0
    From related orgs
    $179,347
    Other
    $10,429
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,044 related
    Bonus
    $0 + $3,470 related
    Other
    $0 + $1,833 related
    Deferred
    $0 + $9,773 related
    Nontaxable benefits
    $0 + $656 related
    Filer's total
    $0 + $189,776 related

  • BRENDA SCHRUPP

    VP OF QUALITY AND CORP COMPLIANCE

    Total calculated
    $178,105
    From this org
    $0
    From related orgs
    $167,685
    Other
    $10,420
    Hours/week
    4.2 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,579 related
    Bonus
    $0 + $100 related
    Other
    $0 + $9,006 related
    Deferred
    $0 + $3,430 related
    Nontaxable benefits
    $0 + $6,990 related
    Filer's total
    $0 + $178,105 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

  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

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
  • 6a · Pay contingent on this 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
THE ORGANIZATION RELIED ON WALKER SENIOR SERVICES, INC., A RELATED ORGANIZATION, WHEN SETTING REASONABLE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. WALKER SENIOR SERVICES, INC. RELIED UPON WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 5
WALKER SENIOR HOUSING CORPORATIONII'S PARENT, WALKER METHODIST, HAS AN INCENTIVE PLAN FOR THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE FOLLOWING IS A COPY OF THE PLAN DESCRIPTION FROM WALKER METHODIST'S 2023 FORM 990: PURPOSE: THE PURPOSE OF THE PLAN IS TO PROVIDE INCENTIVE COMPENSATION TO ITS MANAGEMENT AND PROFESSIONAL STAFF WHO MAKE SIGNIFICANT CONTRIBUTIONS TO THE ACHIEVEMENT OF BUDGETED FINANCIAL AND STRATEGIC GOALS AS ESTABLISHED BY WALKER METHODIST, INC. ELIGIBILITY: ELIGIBILITY FOR THE PLAN IS LIMITED TO REGULAR MANAGEMENT EMPLOYEES WHO RETAIN THE JOB TITLE OF CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF ADMINISTRATIVE OFFICER, VICE PRESIDENT OF OPERATIONS, VICE PRESIDENT OF HUMAN RESOURCES, EXECUTIVE DIRECTORS, DIRECTORS, CONTROLLER, DIRECTORS OF HOUSING, DIRECTOR OF SPIRITUAL CARE, CORPORATE DIRECTORS OF HUMAN RESOURCES AND EDUCATION, AND DEPARTMENT HEADS. OTHER KEY EMPLOYEES MAY BE INCLUDED IN THE PLAN AS APPROVED BY THE CHIEF EXECUTIVE OFFICER. FOR 2023, THE CHIEF EXECUTIVE OFFICER HAS APPROVED INCLUSION OF CORPORATE MANAGERS AND NURSE MANAGERS. IN ORDER TO PARTICIPATE IN THE PLAN FOR A PARTICULAR PLAN YEAR, EMPLOYEES, WHO ARE NEWLY HIRED OR PROMOTED TO AN ELIGIBLE POSITION, MUST BE EMPLOYED IN THE POSITION BY JUNE 30TH OF THAT PLAN YEAR. PLAN GOALS: THE CHIEF EXECUTIVE OFFICER HAS APPROVED THE INCLUSION OF DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS IN THE PLAN. DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS HAD ONLY ONE GOAL AROUND THEIR RESPECTIVE COMMUNITY'S BUDGETED OPERATING EBITDA. IN ADDITION TO MEETING THE FINANCIAL PLAN GOAL, THEY MUST HAVE BEEN CONTRIBUTING MEANINGFULLY TO THE ADVANCEMENT OF WALKER'S MISSION TO ENHANCE THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT AND SERVICE, AND HAVE OVERALL PERFORMANCE IN LINE WITH WALKER'S VALUES OF RESPECT, IMAGINATION AND COLLABORATION. IF THEIR COMMUNITY ACHIEVED AN OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL, THEY EARNED A PLAN PAYMENT OF $500. IF THEIR RESPECTIVE COMMUNITY ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2023, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE PLAN WERE EARNED BASED ON ACHIEVING AN ACTUAL EBITDA OF THE PLAN YEAR THAT FALLS WITHIN RANGE OF 93.0% - 115.0% OF BUDGETED OPERATING EBITDA. CORPORATE STAFF PARTICIPANTS HAD ONLY ONE GOAL AROUND WALKER'S BUDGETED OPERATING EBITDA. LOCATION PARTICIPANTS HAD TWO GOALS, WITH 70.0% BASED ON COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT AND 30.0% ON CONSOLIDATED ACHIEVEMENT. BOTH THE COMMUNITY AND THE CONSOLIDATED THRESHOLDS MUST HAVE BEEN MET IN ORDER FOR THE LOCATION PARTICIPANTS TO RECEIVE ANY PAYMENT UNDER THIS PLAN, EXCEPT AS OTHERWISE EXPLICITLY SET FORTH IN THE PLAN AGREEMENT. IF A COMMUNITY ACHIEVED OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL AND WALKER ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER, AFTER TAKING INTO CONSIDERATION THE INCENTIVE PLAN EXPENSES, THE LOCATION PARTICIPANTS EARNED THE VARIABLE PAYOUT AS CALCULATED UNDER THE PLAN. IF A COMMUNITY ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS.
PART I, LINE 6
SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES ARE BASED ON EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION), WHICH IS CLOSELY RELATED TO BOTH REVENUES AND NET EARNINGS.

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.

Related corporations and trusts

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349300239

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