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← ACTS RETIREMENT SERVICES INC

Form 990 for tax year 2024

Filed by ACTS RETIREMENT SERVICES INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
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

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.

Balance sheet

Part X, book values.

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

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 RETIREMENT SERVICES, INC., AS THE SUPPORTING ORGANIZATION, OVERSEES THE MISSION AND PROVIDES OVERALL STRATEGIC DIRECTION FOR THE ACTS ENTITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen I Christiansen

    PRESIDENT & ASSISTANT SECRETARY

    Total calculated
    $914,642
    From this org
    $0
    From related orgs
    $637,993
    Other
    $276,649
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $477,469 related
    Bonus
    $0 + $160,524 related
    Other
    $0
    Deferred
    $0 + $256,560 related
    Nontaxable benefits
    $0 + $20,089 related
    Filer's total
    $0 + $914,642 related

  • Gerald T Grant

    CEO & DIRECTOR

    Total calculated
    $1,795,839
    From this org
    $0
    From related orgs
    $873,088
    Other
    $922,751
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,885 related
    Bonus
    $0 + $223,203 related
    Other
    $0
    Deferred
    $0 + $906,605 related
    Nontaxable benefits
    $0 + $16,146 related
    Filer's total
    $0 + $1,795,839 related

  • John L Esterhai Jr MD

    DIRECTOR & CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2.8 related

  • Susan B Allmond

    DIRECTOR & VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Elric C Gerner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3.1 related

  • Michael D Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6.5 related

  • Daniel W Lawson II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.6 related

  • Marvin Mashner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4.55 related

  • Glenn D Fox

    SECRETARY

    Total calculated
    $993,306
    From this org
    $0
    From related orgs
    $499,910
    Other
    $493,396
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,206 related
    Bonus
    $0 + $106,704 related
    Other
    $0
    Deferred
    $0 + $477,250 related
    Nontaxable benefits
    $0 + $16,146 related
    Filer's total
    $0 + $993,306 related

  • Susan Ahern

    TREASURER

    Total calculated
    $401,672
    From this org
    $0
    From related orgs
    $367,783
    Other
    $33,889
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,305 related
    Bonus
    $0 + $71,478 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $20,089 related
    Filer's total
    $0 + $401,672 related

  • Peggy C Valdivia

    ASSISTANT TREASURER

    Total calculated
    $276,372
    From this org
    $0
    From related orgs
    $253,989
    Other
    $22,383
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,254 related
    Bonus
    $0 + $42,735 related
    Other
    $0
    Deferred
    $0 + $10,175 related
    Nontaxable benefits
    $0 + $12,208 related
    Filer's total
    $0 + $276,372 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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

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 ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP POSITIONS.
PART I, LINE 4B
OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, GERALD T. GRANT, AND GLENN D. FOX INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $242,760 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $892,805 FOR GERALD T. GRANT (NON-VESTED), AND $463,450 FOR GLENN D. FOX (NON-VESTED).

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
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349306133

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