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Nonprofiteer
← YELLOWWOOD ACRES INC

Form 990 for tax year 2022

Filed by YELLOWWOOD ACRES INC.

Totals

Total revenue
$458,275
Total expenses
$253,023
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,663
Investment income
$23,281
Other revenue
$428,331
Total assets, end of year
$985,847
Total liabilities, end of year
$636,955
Net assets or fund balances, end of year
$348,892
Program services expenses (Part IX)
$197,892
Management and general expenses
$55,131
Fundraising expenses
$0
Program service expenses (Part III)
$197,892

Program services were 78.2% 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.

  • 2a · Program service revenue: ASSISTED LIVING

    total $5,045 · related or exempt $5,045

  • 2b · Program service revenue: SKILLED NURSING

    total $1,618 · related or exempt $1,618

  • 3 · Investment income

    total $23,281 · excluded $23,281

  • 11a · Other revenue: EXPENSE REMBURSEMENTS

    total $421,689 · related or exempt $421,689

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $6,642 · excluded $6,642

  • 11e · Other revenue, total

    $428,331

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,010 · management and general $3,010

  • 11c · Fees: accounting

    total $350 · management and general $350

  • 11g · Fees: other

    total $105,505 · program services $85,505 · management and general $20,000

  • 12 · Advertising and promotion

    total $397 · program services $397

  • 13 · Office expenses

    total $42,882 · program services $39,940 · management and general $2,942

  • 14 · Information technology

    total $600 · management and general $600

  • 17 · Travel

    total $873 · program services $747 · management and general $126

  • 20 · Interest

    total $11,586 · program services $11,586

  • 23 · Insurance

    total $23,663 · management and general $23,663

  • 24a · Other expenses: BED TAX

    total $26,308 · program services $26,308

  • 24b · Other expenses: RAW FOOD

    total $20,912 · program services $20,912

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $14,393 · program services $12,497 · management and general $1,896

  • 24d · Other expenses: LICENSES, DUES & SUBSCR

    total $2,544 · management and general $2,544

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158 · end of year $159

  • 2 · Savings and temporary cash investments

    beginning of year $386,547 · end of year $438,324

  • 4 · Accounts receivable

    beginning of year $1,043,768 · end of year $355,452

  • 9 · Prepaid expenses and deferred charges

    beginning of year $184,371 · end of year $191,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $670,245 · end of year $479,348

  • 19 · Deferred revenue

    beginning of year $197,943 · end of year $132,545

  • 21 · Escrow or custodial account liability

    beginning of year $9,864 · end of year $9,864

  • 25 · Other liabilities

    beginning of year $7,383,129 · end of year $15,198

  • 27 · Net assets without donor restrictions

    beginning of year -$6,646,337 · end of year $348,892

Mission and programs · 2022

Mission

TO PROVIDE HOUSING OPTIONS FOR OLDER ADULTS IN AN ENVIRONMENT THAT ENHANCES THEIR QUALITY OF LIFE PHYSICALLY, MENTALLY, AND SPIRITUALLY

Activities or mission (Part I)

NURSING SERVICES AND SENIOR HOUSING

  • TO PROVIDE QUALITY LIVING FOR SENIOR CITIZENS IN 162 INDEPENDENT LIVING UNITS, 94 ASSISTED LIVING UNITS, AND 94 LICENSED SKILLED NURSING BEDS IN CLARKSVILLE, INDIANA.AT WESTMINSTER VILLAGE KENTUCKIANA AND WESTMINSTER HEALTH CARE CENTER WE PROVIDE RESIDENTIAL LIVING, ASSISTED LIVING, SHORT-TERM REHABILITATION AND SKILLED NURSING SERVICES. IN OUR ASSISTED LIVING, WE OFFER ASSISTANCE WITH EVERYDAY ACTIVITIES, WHILE STILL HELPING RESIDENTS MAINTAIN THEIR INDEPENDENCE. OUR ON-SITE REHABILITATION AND RESTORATIVE NURSING ASSIST RESIDENTS IN REGAINING THEIR HIGHEST POTENTIAL LEVEL OF INDEPENDENCE.WESTMINSTER VILLAGE KENTUCKIANA AND WESTMINSTER HEALTH CARE CENTER ARE PROUD TO BE A RETIREMENT HOUSING FOUNDATION (RHF) COMMUNITY, OFFERING AFFORDABLE LIVING OPTIONS AND SERVICES TO OLDER ADULTS. RHF IS ONE OF THE NATION'S LARGEST NON-PROFIT PROVIDERS OF HOUSING AND SERVICES FOR OLDER ADULTS, PERSONS WITH DISABILITIES, AND LOW-INCOME FAMILIES.

    Expenses $197,892 · Revenue $428,352

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

Listed in Part VII

  • DAVID S MOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • R JEFFREY POLLOCK

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • NORMA DESAEGHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • ANDREW BUNN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • LAURA FOX BUCHAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • JOHN BAUMAN

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • RAYMOND E EAST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • DONALD G HART

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • CATHERINE COLLINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • BRIAN KOIDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • CHRISTINA E POTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • DON MINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • CHERYL WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 9.8 related

  • STUART J HARTMAN

    PRESIDENT AND CEO

    Total calculated
    $682,064
    From this org
    $0
    From related orgs
    $608,035
    Other
    $74,029
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,635 related
    Bonus
    $0
    Other
    $0 + $8,400 related
    Deferred
    $0 + $38,460 related
    Nontaxable benefits
    $0 + $35,569 related
    Filer's total
    $0 + $682,064 related

  • FRANK ROSSELLO JR

    CFO AND VP OF FINANCE

    Total calculated
    $331,101
    From this org
    $0
    From related orgs
    $313,582
    Other
    $17,519
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,582 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $5,448 related
    Nontaxable benefits
    $0 + $12,071 related
    Filer's total
    $0 + $331,101 related

  • ROBERT R AMBERG

    EXECUTIVE VP GEN COUNSEL

    Total calculated
    $485,377
    From this org
    $0
    From related orgs
    $442,308
    Other
    $43,069
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,308 related
    Bonus
    $0
    Other
    $0 + $6,000 related
    Deferred
    $0 + $30,998 related
    Nontaxable benefits
    $0 + $12,071 related
    Filer's total
    $0 + $485,377 related

  • VINCENT B MAGNONE

    VP TREASURY & INVSTMT OFF

    Total calculated
    $268,384
    From this org
    $0
    From related orgs
    $239,282
    Other
    $29,102
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,882 related
    Bonus
    $0
    Other
    $0 + $2,400 related
    Deferred
    $0 + $3,916 related
    Nontaxable benefits
    $0 + $25,186 related
    Filer's total
    $0 + $268,384 related

  • DAVID NAPIERSKIE

    VP HEALTH CARE OPERATIONS

    Total calculated
    $254,484
    From this org
    $0
    From related orgs
    $242,812
    Other
    $11,672
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,012 related
    Bonus
    $0
    Other
    $0 + $4,800 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,672 related
    Filer's total
    $0 + $254,484 related

  • BOBBY FARD

    VP ACQUIS AND PROJ DEV

    Total calculated
    $230,273
    From this org
    $0
    From related orgs
    $214,343
    Other
    $15,930
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,793 related
    Bonus
    $0
    Other
    $0 + $4,550 related
    Deferred
    $0 + $6,078 related
    Nontaxable benefits
    $0 + $9,852 related
    Filer's total
    $0 + $230,273 related

  • NADA BATTAGLIA

    VP HUMAN RESOURCES

    Total calculated
    $277,879
    From this org
    $0
    From related orgs
    $235,353
    Other
    $42,526
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,353 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $19,926 related
    Nontaxable benefits
    $0 + $22,600 related
    Filer's total
    $0 + $277,879 related

  • KEVIN GILCHRIST

    VP DEVELOPMENT FINANCE

    Total calculated
    $235,587
    From this org
    $0
    From related orgs
    $218,679
    Other
    $16,908
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,479 related
    Bonus
    $0
    Other
    $0 + $4,200 related
    Deferred
    $0 + $6,339 related
    Nontaxable benefits
    $0 + $10,569 related
    Filer's total
    $0 + $235,587 related

  • STEPHANIE TITUS

    VP PHILANTHROPY/CSO

    Total calculated
    $273,614
    From this org
    $0
    From related orgs
    $231,220
    Other
    $42,394
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,220 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $6,709 related
    Nontaxable benefits
    $0 + $35,685 related
    Filer's total
    $0 + $273,614 related

  • JOHN CLOW

    VP RISK MANAGEMENT

    Total calculated
    $210,185
    From this org
    $0
    From related orgs
    $196,730
    Other
    $13,455
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,530 related
    Bonus
    $0
    Other
    $0 + $2,200 related
    Deferred
    $0 + $3,261 related
    Nontaxable benefits
    $0 + $10,194 related
    Filer's total
    $0 + $210,185 related

  • CHRISTOPHER PURCELL

    CONTROLLER

    Total calculated
    $214,034
    From this org
    $0
    From related orgs
    $195,871
    Other
    $18,163
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,871 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,919 related
    Nontaxable benefits
    $0 + $12,244 related
    Filer's total
    $0 + $214,034 related

  • ANDERS PLETT

    VP ACQUIS AND PROJ DEV

    Total calculated
    $177,415
    From this org
    $0
    From related orgs
    $165,017
    Other
    $12,398
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,817 related
    Bonus
    $0
    Other
    $0 + $200 related
    Deferred
    $0 + $526 related
    Nontaxable benefits
    $0 + $11,872 related
    Filer's total
    $0 + $177,415 related

  • JOANNE L SILVA

    VP OCCUPANCY & TAX CREDIT

    Total calculated
    $180,483
    From this org
    $0
    From related orgs
    $158,830
    Other
    $21,653
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,430 related
    Bonus
    $0
    Other
    $0 + $2,400 related
    Deferred
    $0 + $11,212 related
    Nontaxable benefits
    $0 + $10,441 related
    Filer's total
    $0 + $180,483 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
A RELATED ORGANIZATION COMPENSATES THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR AND USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE COMPENSATION COMMITTEE AND BOARD.
SCH J, PART II
PART II - DIRECTORS AND OFFICERS ARE MEMBERS OF RETIREMENT HOUSING FOUNDATION WHICH IS A RELATED ORGANIZATION THAT SPONSORS AND MANAGES APPROXIMATELY 190 TAX EXEMPT ORGANIZATIONS AND PARTNERSHIPS THAT PROVIDE AFFORDABLE AND MARKET-RATE HOUSING, SKILLED NURSING AND ASSISTED LIVING SERVICES FOR SENIOR ADULTS, LOW INCOME FAMILIES AND PERSONS WITH DISABILITIES THROUGHOUT THE UNITED STATES.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442299349300624

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