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Nonprofiteer
← CENTRAL BAPTIST HOME FOR THE AGED

Form 990 for tax year 2022

Filed by CENTRAL BAPTIST HOME FOR THE AGED.

Totals

Total revenue
$19,445,634
Total expenses
$19,714,350
Contributions and grants received
$1,306,229
Grants paid
$0
Program service revenue
$17,117,466
Investment income
$818,070
Other revenue
$203,869
Total assets, end of year
$57,115,442
Total liabilities, end of year
$19,232,936
Net assets or fund balances, end of year
$37,882,506
Program services expenses (Part IX)
$14,293,017
Management and general expenses
$5,421,333
Fundraising expenses
$0
Program service expenses (Part III)
$14,293,017

Program services were 72.5% 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.

  • 1d · Related organizations

    $533,166

  • 1e · Government grants (contributions)

    $644,645

  • 1f · All other contributions, gifts and grants

    $128,418

  • 2a · Program service revenue: NURSING HOME FEES

    total $12,664,918 · related or exempt $12,664,918

  • 2b · Program service revenue: MEDICARE/MEDICAID PAYMENTS

    total $4,452,548 · related or exempt $4,452,548

  • 3 · Investment income

    total $642,661 · excluded $642,661

  • 7a · Gross sales of assets other than inventory

    securities $3,750,804

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

    securities $3,575,395

  • 7c · Gain or loss

    securities $175,409

  • 7d · Net gain or loss

    total $175,409 · excluded $175,409

  • 11a · Other revenue: NON-REFUNDABLE DEPOSITS

    total $166,000 · related or exempt $166,000

  • 11b · Other revenue: VILLAGE CAFE

    total $13,638 · excluded $13,638

  • 11c · Other revenue: BEAUTY/BARBER SHOP

    total $3,757 · excluded $3,757

  • 11d · All other revenue

    total $20,474 · related or exempt $20,474

  • 11e · Other revenue, total

    $203,869

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $435,513 · management and general $435,513

  • 7 · Other salaries and wages

    total $8,809,938 · program services $7,786,443 · management and general $1,023,495

  • 8 · Pension plan contributions

    total $107,906 · program services $51,791 · management and general $56,115

  • 9 · Other employee benefits

    total $1,243,687 · program services $944,019 · management and general $299,668

  • 10 · Payroll taxes

    total $704,085 · program services $575,156 · management and general $128,929

  • 11b · Fees: legal

    total $35,763 · management and general $35,763

  • 11c · Fees: accounting

    total $115,421 · management and general $115,421

  • 11f · Fees: investment management

    total $110,911 · management and general $110,911

  • 11g · Fees: other

    total $1,513,015 · program services $1,343,977 · management and general $169,038

  • 12 · Advertising and promotion

    total $98,778 · management and general $98,778

  • 13 · Office expenses

    total $141,533 · program services $72,514 · management and general $69,019

  • 14 · Information technology

    total $175,767 · program services $10,885 · management and general $164,882

  • 16 · Occupancy

    total $1,509,466 · program services $565,608 · management and general $943,858

  • 17 · Travel

    total $11,643 · program services $10,907 · management and general $736

  • 19 · Conferences, conventions and meetings

    total $20,175 · program services $7,709 · management and general $12,466

  • 20 · Interest

    total $9 · management and general $9

  • 22 · Depreciation, depletion and amortization

    total $1,520,558 · program services $882,213 · management and general $638,345

  • 23 · Insurance

    total $447,044 · program services $42,048 · management and general $404,996

  • 24a · Other expenses: FOOD

    total $987,185 · program services $971,628 · management and general $15,557

  • 24b · Other expenses: SUPPLIES

    total $971,288 · program services $933,778 · management and general $37,510

  • 24c · Other expenses: PROVIDER TAX

    total $559,292 · management and general $559,292

  • 24d · Other expenses: DUES/FEES/LICENSES

    total $35,331 · management and general $35,331

  • 24e · All other expenses

    total $160,042 · program services $94,341 · management and general $65,701

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,709,481 · end of year $1,133,704

  • 4 · Accounts receivable

    beginning of year $1,527,071 · end of year $1,963,055

  • 7 · Other notes and loans receivable

    beginning of year $3,224,618 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,529 · end of year $286,636

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

    $44,153,363

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

    $23,563,487

  • 10c · Land, buildings and equipment, net

    beginning of year $20,443,315 · end of year $20,589,876

  • 12 · Investments: other securities

    beginning of year $40,408,423 · end of year $33,142,171

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,444,261 · end of year $2,146,495

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,434,004 · end of year $16,898,863

  • 25 · Other liabilities

    beginning of year $228,106 · end of year $187,578

  • 27 · Net assets without donor restrictions

    beginning of year $29,110,589 · end of year $22,873,952

  • 28 · Net assets with donor restrictions

    beginning of year $18,354,477 · end of year $15,008,554

Mission and programs · 2022

Mission

AS SET FORTH IN PART I, LINE 1, CENTRAL BAPTIST VILLAGE IS A CHARITABLE AND RELIGIOUS NOT-FOR-PROFIT ORGANIZATION, ESTABLISHED UNDER THE SPONSORSHIP OF NORTH AMERICAN BAPTIST CONFERENCE OF CHURCHES. OUR MISSION EMBRACES A FULL RANGE OF HUMAN NEEDS OF THE ELDERLY AND IS LIMITED ONLY BY OUR IMAGINATION, OUR SKILLS, OUR RESOURCES, AND OUR WILLINGNESS TO PROMOTE MEANINGFUL CHANGE. BEYOND CARING FOR THE ELDERLY'S COMFORT, SAFETY, SECURITY, AND GOOD HEALTH CARE, WE ATTEMPT TO PROMOTE THE QUALITY OF THEIR LIVES AND CREATE A BALANCE BETWEEN PROVIDING CARE TO THE ELDERLY AND DEALING EFFECTIVELY WITH PEOPLE AND SITUATIONS OF THE WORLD AROUND US. THIS INCLUDES GROWING IN SPIRITUAL WHOLENESS AND UNDERSTANDING THE MEANING OF LIFE, AGING, AND DEATH.FOR MORE DETAIL ON OUR COMMITMENT AND MISSION, PLEASE SEE THE ATTACHED CENTRAL BAPTIST VILLAGE MISSION STATEMENT.

Activities or mission (Part I)

CENTRAL BAPTIST VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY WITH (CONT'D ON SCHEDULE O) MORE THAN A CENTURY OF DEDICATED SERVICE IN CARING FOR OLDER ADULTS. INSPIRED BY FAITH, WE SERVE AND CELEBRATE SENIORS.

  • AS PART OF OUR MISSION AT CENTRAL BAPTIST VILLAGE, WE PLEDGE TO SUPPORT OUR RESIDENTS WHEN THEY DEPLETE THEIR FUNDS. WE HAVE MAINTAINED IN RESIDENCE ALL RESIDENTS WHO HAVE BECOME, THROUGH NO FAULT OF THEIR OWN, UNABLE TO PAY THEIR REGULAR CHARGES. THROUGH OUR OWN HOME FOR LIFE PROGRAM (MADE POSSIBLE BY THE GENEROUS CONTRIBUTIONS OF OTHER CHURCHES, CHARITABLE ORGANIZATIONS, AND PEOPLE WHO BELIEVE IN AND SUPPORT THE PURPOSE, PROGRAMS, AND MISSION OF OUR COMMUNITY), WE EXTEND A HELPING HAND OF CHARITY IN THE TRUE EXAMPLE OF CHRIST AND HIS MINISTRY. OUR CHARITY APPLIES ALSO TO PERSONS OUTSIDE THE COMMUNITY WHO DO NOT HAVE THE FINANCIAL RESOURCES TO PAY THE COMMUNITY'S FEES AND CHARGES. WE ASSIST THEM, IN PART OR IN FULL, TO THE BEST OF OUR GOD GIVEN ABILITIES. IN ACCORDANCE WITH OUR BYLAWS, WE WILL WAIVE OR REDUCE, BASED ON AN INDIVIDUAL'S ABILITY TO PAY, ANY ENTRANCE FEE, ASSIGNMENT OF ASSETS, OR FEE FOR SERVICES. THIS CHARITY IS AVAILABLE TO ALL WHO NEED AND APPLY FOR IT. IN ADDITION, PROVIDING SERVICES TO OUR SKILLED NURSING RESIDENTS UNDER MEDICAID (9,931 MEDICAID DAYS IN 2022), PAYMENTS FOR WHICH DO NOT MEET OUR COSTS, WE FURTHER PRESERVE THEIR RESOURCES. OUTSIDE OF SKILLED NURSING, WE SUPPORT RESIDENTS IN OUR INDEPENDENT AND ASSISTED LIVING RESIDENCES WHO HAVE A NEED THROUGH OUR HOME FOR LIFE PROGRAM. IN ADDITION, WE HAVE FORGIVEN RESIDENTS' DEBT, DONATED CEMETERY PLOTS, AND PAID FOR FUNERALS AND MEMORIAL SERVICES IN OUR CHAPEL. CENTRAL BAPTIST VILLAGE ALSO EXTENDS ITS CHARITY TO THE LOCAL COMMUNITY AT LARGE. CBV HOSTS THE SENIOR ASSISTANCE CENTER VOLUNTEER LUNCHEONS, AND PROVIDES COMPLIMENTARY HEALTH SCREENING AND PRESENTATIONS FOR AREA OLDER ADULTS. ADDITIONALLY, CERTAIN CENTRAL BAPTIST VILLAGE EDUCATIONAL PROGRAMS ASSIST OUR LOCAL COMMUNITY TO LEARN AND MANAGE A MYRIAD OF RELEVANT TOPICS ON SUCCESSFUL AGING. EXAMPLES OF THOSE PROGRAMS ARE AGING CARE CONNECTIONS BENEFITS FAIR, TOTAL MEMORY WORKOUT, MEMORY SCREENING DAY, HEALTH CARE DECISIONS DAY, AND ANNUAL SENIOR HEALTH AND FITNESS DAY. WE SUPPORT MANY SCHOOLS WITH THEIR CNA TRAINING PROGRAMS, INTERNSHIP PLACEMENT SERVICES, AND PROFESSIONAL CONTINUING EDUCATIONAL SEMINARS, WHICH PROVIDE A COMPREHENSIVE EDUCATIONAL EXPERIENCE FOR INDIVIDUALS SEEKING TO WORK IN THE GERONTOLOGY FIELD. WE OFFER STIMULATING INTER-GENERATIONAL PROGRAMMING TO ENCOURAGE MUTUAL LEARNING, MENTORING, AND ENTERTAINMENT AND TO ENHANCE THE QUALITY OF LIFE FOR ALL PARTICIPANTS. IN OUR ON-GOING EFFORT TO SUPPORT A LOCAL CHURCH ON OUR PROPERTY, WE PROVIDE THE LAND FOR CHURCH OF OUR SAVIOR AND DONATE 20 PARKING SPOTS IN OUR COMMUNITY'S PARKING LOT FOR NORRIDGE COMMUNITY RESIDENTS' PARKING NEEDS. THESE EXAMPLES DO NOT CAPTURE ALL OF OUR ACTIVITIES, BUT THEY GIVE A PICTURE OF OUR CHARITABLE AND RELIGIOUS MISSION. THE PURPOSE OF ALL OF OUR ACTIVITIES IS TO CARRY FORWARD THAT MISSION.

    Expenses $14,293,017 · Revenue $17,303,940

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

Listed in Part VII

  • Mary Coban

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Julie Adams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rich Gustafson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Daniel Witt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Raymond McGovern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Odlyzko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carlo Salvador

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Leeper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Whitesell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judith Dunne Bernardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Schill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Mondschein

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $241,386
    From this org
    $226,002
    From related orgs
    $0
    Other
    $15,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,252
    Bonus
    $3,750
    Other
    $0
    Deferred
    $2,694
    Nontaxable benefits
    $12,690
    Filer's total
    $241,386

  • Lori Altman

    CHIEF FINANCIAL OFFICER

    Total calculated
    $194,127
    From this org
    $185,256
    From related orgs
    $0
    Other
    $8,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,256
    Bonus
    $3,000
    Other
    $0
    Deferred
    $2,243
    Nontaxable benefits
    $6,628
    Filer's total
    $194,127

  • Anna-Liisa Lacroix

    ADMINISTRATOR

    Total calculated
    $156,970
    From this org
    $144,765
    From related orgs
    $0
    Other
    $12,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,765
    Bonus
    $3,000
    Other
    $0
    Deferred
    $1,828
    Nontaxable benefits
    $10,377
    Filer's total
    $156,970

  • Karen Haedo

    DON/INFECTION PREVENTIONST

    Total calculated
    $135,997
    From this org
    $127,821
    From related orgs
    $0
    Other
    $8,176
    Hours/week
    40

  • Isabel Cabalhin

    REGISTERED NURSE

    Total calculated
    $135,482
    From this org
    $127,373
    From related orgs
    $0
    Other
    $8,109
    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
AS INDICATED IN SCHEDULE J, PART II, THE CEO AND CFO RECEIVED A BONUS BASED UPON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THE BONUS WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.

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
19 October 2023
IRS schema version
2022v5.0
Source object
202302939349300800

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