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Nonprofiteer
← ALL SAINTS RETIREMENT CENTER INC

Form 990 for tax year 2024

Filed by ALL SAINTS RETIREMENT CENTER INC.

Totals

Total revenue
$2,361,207
Total expenses
$1,808,286
Contributions and grants received
$1,000
Grants paid
$625
Program service revenue
$2,312,530
Investment income
$38,511
Other revenue
$9,166
Total assets, end of year
$10,201,477
Total liabilities, end of year
$11,037,179
Net assets or fund balances, end of year
-$835,702
Program services expenses (Part IX)
$1,669,182
Management and general expenses
$139,104
Fundraising expenses
$0
Program service expenses (Part III)
$1,669,182

Program services were 92.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 2a · Program service revenue: RESIDENTIAL RENT

    total $2,218,503 · related or exempt $2,218,503

  • 2b · Program service revenue: PARKING

    total $58,445 · related or exempt $58,445

  • 2c · Program service revenue: RESIDENT CHARGES

    total $35,582 · related or exempt $35,582

  • 3 · Investment income

    total $38,511 · excluded $38,511

  • 11d · All other revenue

    total $9,166 · excluded $9,166

  • 11e · Other revenue, total

    $9,166

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $625 · program services $625

  • 11a · Fees: management

    total $81,650 · management and general $81,650

  • 11c · Fees: accounting

    total $13,595 · management and general $13,595

  • 11g · Fees: other

    total $288,329 · program services $288,210 · management and general $119

  • 12 · Advertising and promotion

    total $3,865 · management and general $3,865

  • 13 · Office expenses

    total $3,630 · management and general $3,630

  • 14 · Information technology

    total $20,752 · management and general $20,752

  • 16 · Occupancy

    total $445,159 · program services $437,921 · management and general $7,238

  • 17 · Travel

    total $2,689 · management and general $2,689

  • 19 · Conferences, conventions and meetings

    total $294 · program services $294

  • 20 · Interest

    total $493,584 · program services $493,584

  • 22 · Depreciation, depletion and amortization

    total $406,505 · program services $406,505

  • 23 · Insurance

    total $32,088 · program services $32,088

  • 24a · Other expenses: FOOD AND CLIENT ACTIVIT

    total $9,955 · program services $9,955

  • 24e · All other expenses

    total $5,566 · management and general $5,566

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $360,084 · end of year $472,557

  • 2 · Savings and temporary cash investments

    beginning of year $515,738 · end of year $781,948

  • 4 · Accounts receivable

    beginning of year $10,673 · end of year $14,709

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

    $14,948,248

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

    $6,811,290

  • 10c · Land, buildings and equipment, net

    beginning of year $8,272,883 · end of year $8,136,958

  • 14 · Intangible assets

    beginning of year $150,864 · end of year $144,353

  • 15 · Other assets

    beginning of year $603,634 · end of year $650,952

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,104 · end of year $129,343

  • 19 · Deferred revenue

    beginning of year $15,947 · end of year $15,788

  • 23 · Secured mortgages and notes payable

    beginning of year $11,058,497 · end of year $10,811,039

  • 25 · Other liabilities

    beginning of year $79,951 · end of year $81,009

  • 27 · Net assets without donor restrictions

    beginning of year -$1,328,623 · end of year -$835,702

Mission and programs · 2024

Mission

TO OWN, OPERATE AND MAINTAIN ONE OR MORE RETIREMENT HOMES FOR THE AGED IN THE TRADITION OF THE ROMAN CATHOLIC CHURCH, HAVING A CATHOLIC IDENTITY, AND SERVING THE PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL NEEDS OF RESIDENTS OF THE DIOCESE OF MADISON, WISCONSIN.

  • ALL SAINTS RETIREMENT CENTER, INC. (ASRC), IS A NONPROFIT CORPORATION THAT OWNS, OPERATES, AND MAINTAINS HOUSING FOR THE AGED IN THE TRADITION OF THE ROMAN CATHOLIC CHURCH, SERVING THE PHYSICAL, MENTAL, EMOTIONAL, AND SPIRITUAL NEEDS OF ITS RESIDENTS. ASRC OFFERS 144 RENTAL APARTMENTS LOCATED IN THE ALL SAINTS NEIGHBORHOOD IN MADISON, WISCONSIN. TWENTY PERCENT OF THE TOTAL APARTMENTS (29 UNITS) ARE RESTRICTED FOR OCCUPANCY BY LOW-INCOME RESIDENTS IN ACCORDANCE WITH A LAND USE RESTRICTION AGREEMENT WITH THE WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY (WHEDA).

    Expenses $1,669,182 · Grants $625 · Revenue $2,312,530

As filed on the 2024 return.

Listed in Part VII

  • Shawn Carney

    EXECUTIVE DIRECTOR

    Total calculated
    $191,798
    From this org
    $0
    From related orgs
    $164,601
    Other
    $27,197
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,611 related
    Bonus
    $0
    Other
    $0 + $990 related
    Deferred
    $0 + $12,500 related
    Nontaxable benefits
    $0 + $14,697 related
    Filer's total
    $0 + $191,798 related

  • John Faust

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dan Fitzgerald

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Meyer

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Wick

    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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR, REVIEWS COMPENSATION DATA FOR COMPARABLE POSITION, AND APPROVES THE COMPENSATION WITH AN OFFICIAL VOTE.

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
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202512979349301936

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