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← REISTERSTOWN GARDENS SENIOR HOUSING INC

Form 990 for tax year 2023

Filed by REISTERSTOWN GARDENS SENIOR HOUSING INC.

Totals

Total revenue
$625,999
Total expenses
$758,390
Contributions and grants received
$367,350
Grants paid
$0
Program service revenue
$253,151
Investment income
$5,498
Other revenue
$0
Total assets, end of year
$2,879,871
Total liabilities, end of year
$5,127,313
Net assets or fund balances, end of year
-$2,247,442
Program services expenses (Part IX)
$702,688
Management and general expenses
$55,702
Fundraising expenses
$0
Program service expenses (Part III)
$702,688

Program services were 92.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $367,350

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Rental Income

    total $252,884 · related or exempt $252,884 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other Related Income

    total $267 · related or exempt $267 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,689 · related or exempt $4,689 · unrelated business $0 · excluded $0

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $809 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $809 · other assets $0

  • 7d · Net gain or loss

    total $809 · related or exempt $809 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $221,443 · program services $221,443

  • 8 · Pension plan contributions

    total $14,183 · program services $14,183

  • 9 · Other employee benefits

    total $48,354 · program services $48,354

  • 10 · Payroll taxes

    total $16,015 · program services $16,015

  • 11a · Fees: management

    total $38,752 · management and general $38,752

  • 11b · Fees: legal

    total $301 · program services $301

  • 11c · Fees: accounting

    total $16,950 · management and general $16,950

  • 11g · Fees: other

    total $6,742 · program services $6,742

  • 12 · Advertising and promotion

    total $5,000 · program services $5,000

  • 13 · Office expenses

    total $10,081 · program services $10,081

  • 14 · Information technology

    total $5,391 · program services $5,391

  • 16 · Occupancy

    total $220,085 · program services $220,085

  • 17 · Travel

    total $1,561 · program services $1,561

  • 19 · Conferences, conventions and meetings

    total $2,781 · program services $2,781

  • 22 · Depreciation, depletion and amortization

    total $143,986 · program services $143,986

  • 23 · Insurance

    total $6,567 · program services $6,567

  • 24e · All other expenses

    total $198 · program services $198

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $56,273 · end of year $49,837

  • 4 · Accounts receivable

    beginning of year $17,364 · end of year $3,761

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,294 · end of year $9,251

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

    $5,291,444

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

    $2,609,549

  • 10c · Land, buildings and equipment, net

    beginning of year $2,787,120 · end of year $2,681,895

  • 11 · Investments: publicly traded securities

    beginning of year $119,549 · end of year $135,127

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,605 · end of year $79,857

  • 19 · Deferred revenue

    beginning of year $3,500 · end of year $3,084

  • 23 · Secured mortgages and notes payable

    beginning of year $5,008,900 · end of year $5,008,900

  • 25 · Other liabilities

    beginning of year $32,780 · end of year $35,472

  • 27 · Net assets without donor restrictions

    beginning of year -$2,116,185 · end of year -$2,247,442

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The organization is affiliated with Associated Catholic Charities, Inc. (ACC) whose mission is "Inspired by the Gospel mandates to love, serve and teach, Catholic Charities provides care and services to improve the lives of Marylanders in need."

Activities or mission (Part I)

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

  • To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

    Expenses $702,688 · Revenue $625,999

As filed on the 2023 return.

Listed in Part VII

  • William J McCarthy Jr

    Secretary

    Total calculated
    $528,560
    From this org
    $0
    From related orgs
    $456,529
    Other
    $72,031
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,080 related
    Bonus
    $0
    Other
    $0 + $8,449 related
    Deferred
    $0 + $50,849 related
    Nontaxable benefits
    $0 + $21,182 related
    Filer's total
    $0 + $528,560 related

  • Sarah I Beckwith

    Treasurer

    Total calculated
    $265,916
    From this org
    $0
    From related orgs
    $218,392
    Other
    $47,524
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,988 related
    Bonus
    $0
    Other
    $0 + $7,403 related
    Deferred
    $0 + $24,982 related
    Nontaxable benefits
    $0 + $22,542 related
    Filer's total
    $0 + $265,915 related

  • Ashley Valis

    Chief Operating Officer

    Total calculated
    $264,136
    From this org
    $0
    From related orgs
    $240,343
    Other
    $23,793
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,700 related
    Bonus
    $0
    Other
    $0 + $3,643 related
    Deferred
    $0 + $23,793 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $264,136 related

  • Mary Choplick

    Director Senior Communities

    Total calculated
    $189,713
    From this org
    $0
    From related orgs
    $147,288
    Other
    $42,425
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,987 related
    Bonus
    $0
    Other
    $0 + $5,301 related
    Deferred
    $0 + $16,809 related
    Nontaxable benefits
    $0 + $25,615 related
    Filer's total
    $0 + $189,712 related

  • Archbishop William E Lori

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Theresa D Becks

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Stanton

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Most Rev Adam Parker

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pamela W Gray

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tamla A Olivier

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natalie McSherry

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Rizzo

    President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Bison

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marc Wyatt

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aileen Eskildsen

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 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

  • 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)

Schedule J, Part I, Line 4
During the calendar year ended December 31, 2023, the following officers or key employees participated in ACC's supplemental executive retirement plan (SERP) and received contributions to their account: William J. McCarthy, Jr. ($32,538), Sarah I Beckwith ($15,986), Ashley Valis ($15,225), and Mary Choplick ($10,756). Accumulated contributions to participant accounts at December 31, 2023 were unvested, and may never become vested and thus may never be distributed. Balances in participants' SERP accounts are subject to forfeiture if the participant voluntarily terminates employment prior to his or her applicable vesting date under the agreement. In addition, under current law, interests under the SERP are reportable taxable compensation when they become vested even if those amounts are not yet payable to the participant (and even if those amounts are never paid to the participant). No rollover or other tax-deferral options are available to participants. Participants' interests under the SERP are not guaranteed or secured in any way and at all times are subject to claims of the Organization's bankruptcy creditors. Cash payments in lieu of SERP and contributions to SERP participant accounts are evaluated by the independent compensation consultant and approved by ACC's compensation committee.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

  • Belair Senior Housing Inc

    C · Low Income Senior Housing · MD · 100% owned · controlled entity

    Directly controlled by Associated Catholic Charities Inc

  • Hollins Ferry Road Apartments Inc

    C · Low Income Senior Housing · MD · 100% owned · controlled entity

    Directly controlled by Associated Catholic Charities Inc

  • St Mark's Housing Inc

    C · Low Income Senior Housing · MD · 100% owned · controlled entity

    Directly controlled by Associated Catholic Charities Inc

  • Village Crossroads Senior Housing Inc

    C · Low Income Senior Housing · MD · 100% owned · controlled entity

    Directly controlled by Associated Catholic Charities Inc

  • BPL Inc

    C · Low Income Senior Housing · MD · 100% owned · controlled entity

    Directly controlled by Associated Catholic Charities Inc

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202531219349302048

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