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Nonprofiteer
← MCCREADY FOUNDATION INC

Form 990 for tax year 2022

Filed by MCCREADY FOUNDATION INC.

Totals

Total revenue
$8,666,183
Total expenses
$13,268,856
Contributions and grants received
$70,000
Grants paid
$0
Program service revenue
$7,882,330
Investment income
$8,294
Other revenue
$705,559
Total assets, end of year
$12,102,731
Total liabilities, end of year
$8,653,006
Net assets or fund balances, end of year
$3,449,725
Program services expenses (Part IX)
$11,962,304
Management and general expenses
$1,266,757
Fundraising expenses
$39,795
Program service expenses (Part III)
$11,962,304

Program services were 90.2% 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.

  • 1e · Government grants (contributions)

    $70,000

  • 2a · Program service revenue: NURSING HOME

    total $6,935,247 · related or exempt $6,935,247

  • 2b · Program service revenue: ASSISTED LIVING

    total $947,083 · related or exempt $947,083

  • 3 · Investment income

    total $8,294 · excluded $8,294

  • 6a · Gross rents

    real property $528,866

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $528,866

  • 6d · Net rental income or loss

    total $528,866 · excluded $528,866

  • 11a · Other revenue: PAY FOR PERFORMANCE REVENUE

    total $144,043 · related or exempt $144,043

  • 11b · Other revenue: CAFETERIA

    total $22,809 · excluded $22,809

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $9,841 · excluded $9,841

  • 11e · Other revenue, total

    $176,693

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $322,589 · program services $290,911 · management and general $30,710 · fundraising $968

  • 7 · Other salaries and wages

    total $6,271,496 · program services $5,655,635 · management and general $597,046 · fundraising $18,815

  • 8 · Pension plan contributions

    total $183,446 · program services $165,432 · management and general $17,464 · fundraising $550

  • 9 · Other employee benefits

    total $1,060,179 · program services $956,069 · management and general $100,929 · fundraising $3,181

  • 10 · Payroll taxes

    total $481,789 · program services $434,477 · management and general $45,866 · fundraising $1,446

  • 11f · Fees: investment management

    total $3,937 · management and general $3,937

  • 11g · Fees: other

    total $1,280,744 · program services $1,154,975 · management and general $121,927 · fundraising $3,842

  • 13 · Office expenses

    total $135,487 · program services $122,182 · management and general $12,898 · fundraising $407

  • 14 · Information technology

    total $48,601 · program services $43,828 · management and general $4,627 · fundraising $146

  • 16 · Occupancy

    total $571,631 · program services $515,497 · management and general $54,419 · fundraising $1,715

  • 17 · Travel

    total $48 · program services $43 · management and general $5

  • 20 · Interest

    total $195,242 · program services $176,069 · management and general $18,587 · fundraising $586

  • 22 · Depreciation, depletion and amortization

    total $623,708 · program services $562,460 · management and general $59,377 · fundraising $1,871

  • 23 · Insurance

    total $255,195 · program services $230,135 · management and general $24,295 · fundraising $765

  • 24a · Other expenses: SUPPLIES

    total $1,167,623 · program services $1,052,963 · management and general $111,158 · fundraising $3,502

  • 24b · Other expenses: FOOD

    total $386,241 · program services $348,312 · management and general $36,770 · fundraising $1,159

  • 24c · Other expenses: DRUGS

    total $189,716 · program services $171,086 · management and general $18,061 · fundraising $569

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $91,184 · program services $82,230 · management and general $8,681 · fundraising $273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,655 · end of year $589,448

  • 2 · Savings and temporary cash investments

    beginning of year $285,925 · end of year $293,827

  • 4 · Accounts receivable

    beginning of year $732,253 · end of year $780,542

  • 8 · Inventories for sale or use

    beginning of year $39,157 · end of year $42,649

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,909 · end of year $41,265

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

    $13,024,833

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

    $2,669,833

  • 10c · Land, buildings and equipment, net

    beginning of year $10,815,080 · end of year $10,355,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,170,033 · end of year $732,736

  • 19 · Deferred revenue

    beginning of year $58,215 · end of year $56,399

  • 23 · Secured mortgages and notes payable

    beginning of year $8,117,683 · end of year $7,863,871

  • 27 · Net assets without donor restrictions

    beginning of year $3,090,048 · end of year $3,449,725

Mission and programs · 2022

Mission

PROVIDE HIGH QUALITY, COMPASSIONATE HEALTHCARE THROUGH AN EFFICIENT AND DIVERSIFIED SERVICE NETWORK, MAINTAINING AND IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE OVER THEIR LIFETIME.

Activities or mission (Part I)

NURSING HOME AND ASSISTED LIVING FACILITY.

  • ALICE BYRD TAWES NURSING AND REHABILITATION CENTER ALICE B TAWES NURSING AND REHABILITATION CENTER IN CRISFIELD, MARYLAND OFFERS INPATIENT SKILLED NURSING SERVICES FOR PATIENTS WHO ARE RECOVERING FROM ILLNESS OR INJURY AND AREN'T READY FOR HOME RECOVERY. THEY ALSO OFFER LONG-TERM AND RESPITE CARE OPTIONS FOR RESIDENTS THAT ARE UNABLE TO LIVE INDEPENDENTLY AT HOME. THE FACILITY HAS 76 LICENSED BEDS WITH RESIDENTS LIVING IN PRIVATE OR SEMI-PRIVATE ROOMS.

    Expenses $10,219,103 · Revenue $7,079,290

  • CHESAPEAKE COVE ASSISTED LIVINGCHESAPEAKE COVE ASSISTED LIVING IS LOCATED IN CRISFIELD, MARYLAND AND OFFERS RESIDENTS FULL-TIME NON-MEDICAL CARE WHILE ENJOYING ARRANGED TRANSPORTATION AND ASSISTANCE WITH THEIR ACTIVITIES OF DAILY LIVING. RESIDENTS CAN PARTICIPATE IN COMMUNITY EVENTS AND ACTIVITIES, SUCH AS GROUP OUTINGS, EXERCISE CLASSES AND MOVIE NIGHTS.

    Expenses $1,743,201 · Revenue $947,083

As filed on the 2022 return.

Listed in Part VII

  • Bruce I Ritchie

    BOARD MEMBER TO 01/2023

    Total calculated
    $895,923
    From this org
    $0
    From related orgs
    $732,177
    Other
    $163,746
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,979 related
    Bonus
    $0 + $98,932 related
    Other
    $0 + $45,266 related
    Deferred
    $0 + $150,388 related
    Nontaxable benefits
    $0 + $13,358 related
    Filer's total
    $0 + $895,923 related

  • Lura Lunsford

    BOARD MEMBER TO 10/2022

    Total calculated
    $816,645
    From this org
    $0
    From related orgs
    $748,468
    Other
    $68,177
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,959 related
    Bonus
    $0 + $90,988 related
    Other
    $0 + $13,521 related
    Deferred
    $0 + $62,423 related
    Nontaxable benefits
    $0 + $5,754 related
    Filer's total
    $0 + $816,645 related

  • Stephanie Gary

    BOARD MEMBER/CFO AS OF 01/2023

    Total calculated
    $518,852
    From this org
    $0
    From related orgs
    $475,048
    Other
    $43,804
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,584 related
    Bonus
    $0 + $56,372 related
    Other
    $0 + $5,092 related
    Deferred
    $0 + $32,654 related
    Nontaxable benefits
    $0 + $11,150 related
    Filer's total
    $0 + $518,852 related

  • James Trumble MD

    BOARD MEMBER

    Total calculated
    $448,264
    From this org
    $0
    From related orgs
    $419,482
    Other
    $28,782
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,617 related
    Bonus
    $0 + $50,865 related
    Other
    $0
    Deferred
    $0 + $15,923 related
    Nontaxable benefits
    $0 + $12,859 related
    Filer's total
    $0 + $448,264 related

  • Kathryn Fiddler

    CHAIRPERSON

    Total calculated
    $397,380
    From this org
    $0
    From related orgs
    $355,293
    Other
    $42,087
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,474 related
    Bonus
    $0 + $46,601 related
    Other
    $0 + $1,218 related
    Deferred
    $0 + $39,719 related
    Nontaxable benefits
    $0 + $2,368 related
    Filer's total
    $0 + $397,380 related

  • Camesha Spence

    FORMER OFFICER TO 02/2020

    Total calculated
    $211,992
    From this org
    $0
    From related orgs
    $190,667
    Other
    $21,325
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $137,350 related
    Bonus
    $0 + $10,771 related
    Other
    $0 + $42,546 related
    Deferred
    $0 + $11,120 related
    Nontaxable benefits
    $0 + $10,205 related
    Filer's total
    $0 + $211,992 related

  • Kathleen Harrison

    FORMER PRESIDENT TO 01/2022

    Total calculated
    $146,114
    From this org
    $0
    From related orgs
    $145,469
    Other
    $645
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $15,973 related
    Bonus
    $0
    Other
    $0 + $129,496 related
    Deferred
    $0 + $627 related
    Nontaxable benefits
    $0 + $18 related
    Filer's total
    $0 + $146,114 related

  • Sarah Arnett

    FORMER OFFICER TO 04/2022

    Total calculated
    $242,019
    From this org
    $0
    From related orgs
    $217,782
    Other
    $24,237
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $100,823 related
    Bonus
    $0
    Other
    $0 + $116,959 related
    Deferred
    $0 + $22,233 related
    Nontaxable benefits
    $0 + $2,004 related
    Filer's total
    $0 + $242,019 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
PROCESS FOR DETERMINING COMPENSATION A COMPENSATION COMMITTEE OF TIDALHEALTH INC. (THI), THE SOLE CORPORATE MEMBER OF THE FILING ORGANIZATION, DETERMINES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE COMPENSATION COMMITTEE USES AN INDEPENDENT CONSULTANT, COMPENSATION SURVEYS, AND OTHER ORGANIZATION'S FORM 990 IN THE DETERMINATION PROCESS AND KEEPS CONTEMPROANEOUS RECORDS OF DECISIONS MADE.
PART I, LINES 4A-B
SEVERANCE THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING 2022. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III): SARAH ARNETT $67,229 SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457(F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: BRUCE RITCHIE KATHLEEN HARRISON CAMESHA SPENCE THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION DURING 2022 BASED ON THEIR PLAN'S VESTING DATE: KATHLEEN HARRISON $111,101 CAMESHA SPENCE $34,546
PART I, LINE 6A, 6B AND 7:
CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS OF THE FILING ORGANIZATION ARE PAID BY THI. THE COMPENSATION IS DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS.

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.

  • DELMARVA ENDOSC CTR

    HEALTH CARE · MD

Related corporations and trusts

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

  • PENINSULA HEALTH VENTURES (PHV)

    C · P'SHIP INVESTMENT · MD

  • PRLTC INC

    C · LONG TERM CARE · MD

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349312244

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