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Nonprofiteer
← NORTH AMERICAN BAPTIST HOME

Form 990 for tax year 2023

Filed by NORTH AMERICAN BAPTIST HOME.

Totals

Total revenue
$712,057
Total expenses
$1,994,920
Contributions and grants received
$22,277
Grants paid
$14,688
Program service revenue
$687,223
Investment income
$0
Other revenue
$2,557
Total assets, end of year
$5,539,371
Total liabilities, end of year
$166,941
Net assets or fund balances, end of year
$5,372,430
Program services expenses (Part IX)
$1,514,629
Management and general expenses
$480,291
Fundraising expenses
$0
Program service expenses (Part III)
$1,514,629

Program services were 75.9% 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)

    $22,277

  • 2a · Program service revenue: PERSONAL CARE

    total $687,223 · related or exempt $687,223

  • 11a · Other revenue: DINING REVENUE

    total $2,258 · excluded $2,258

  • 11b · Other revenue: FINANCE CHARGES

    total $239 · excluded $239

  • 11c · Other revenue: HOUSEKEEPING REVENUE

    total $60 · excluded $60

  • 11e · Other revenue, total

    $2,557

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,688 · program services $14,688

  • 7 · Other salaries and wages

    total $758,818 · program services $606,816 · management and general $152,002

  • 8 · Pension plan contributions

    total $23,447 · program services $16,138 · management and general $7,309

  • 9 · Other employee benefits

    total $91,046 · program services $83,317 · management and general $7,729

  • 10 · Payroll taxes

    total $84,953 · program services $50,985 · management and general $33,968

  • 11a · Fees: management

    total $66,000 · management and general $66,000

  • 11b · Fees: legal

    total $38,450 · management and general $38,450

  • 11c · Fees: accounting

    total -$13,930 · management and general -$13,930

  • 11g · Fees: other

    total $131,365 · program services $95,092 · management and general $36,273

  • 12 · Advertising and promotion

    total $29,068 · management and general $29,068

  • 13 · Office expenses

    total $63,250 · program services $56,550 · management and general $6,700

  • 16 · Occupancy

    total $190,650 · program services $160,977 · management and general $29,673

  • 17 · Travel

    total $2,347 · program services $284 · management and general $2,063

  • 20 · Interest

    total $256,022 · program services $256,022

  • 22 · Depreciation, depletion and amortization

    total $123,572 · program services $123,572

  • 23 · Insurance

    total $64,665 · management and general $64,665

  • 24a · Other expenses: FOOD

    total $48,586 · program services $48,586

  • 24b · Other expenses: BAD DEBT

    total $9,697 · management and general $9,697

  • 24c · Other expenses: LICENSES AND CERTS.

    total $4,497 · program services $115 · management and general $4,382

  • 24d · Other expenses: EMPLOYEE EXPENSES

    total $4,135 · management and general $4,135

  • 24e · All other expenses

    total $3,594 · program services $1,487 · management and general $2,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,716 · end of year $47,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,665 · end of year $0

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

    $11,536,020

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

    $6,044,236

  • 10c · Land, buildings and equipment, net

    beginning of year $5,611,536 · end of year $5,491,784

  • 15 · Other assets

    beginning of year $130,920 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,113,409 · end of year $35,000

  • 21 · Escrow or custodial account liability

    beginning of year $17,010 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $5,770,582 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,594,764 · end of year $131,941

  • 27 · Net assets without donor restrictions

    beginning of year -$6,679,928 · end of year $5,372,430

Mission and programs · 2023

Mission

TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES.

Activities or mission (Part I)

PROVIDES INDEPENDENT RETIREMENT APARTMENT LIVING AND PERSONAL CARE.

  • THE ORGANIZATION IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY THAT OFFERS RETIREMENT APARTMENT LIVING AND THE AVAILABILITY OF PERSONAL CARE TO ITS RESIDENTS THROUGH MAINTAINING 57 UNITS FOR PERSONAL CARE SERVICES. THE FACILITY PROVIDES AGING SERVICES TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY OF THE SENIOR RESIDENTS, AND TO PLAN FOR AND DEVELOP NEW PROGRAMS AND SERVICES TO MEET THE SOCIAL, HEALTH, AND PERSONAL NEEDS OF SENIOR CITIZENS. OPERATIONS CEASED AT THE END OF THE YEAR AND THE PROPERTY WAS DEEDED TO ITS NOTEHOLDER IN THE BEGINNING OF 2024.

    Expenses $1,514,629 · Grants $14,688 · Revenue $687,223

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Petty

    PRESIDENT AND CEO

    Total calculated
    $664,202
    From this org
    $0
    From related orgs
    $640,795
    Other
    $23,407
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,718 related
    Bonus
    $0 + $120,077 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $10,207 related
    Filer's total
    $0 + $664,202 related

  • Dan Frost

    EXECUTIVE DIRECTOR

    Total calculated
    $182,743
    From this org
    $0
    From related orgs
    $175,109
    Other
    $7,634
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,109 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $6,491 related
    Nontaxable benefits
    $0 + $1,143 related
    Filer's total
    $0 + $182,743 related

  • John Odike

    SECRETARY/TREASURER

    Total calculated
    $211,204
    From this org
    $0
    From related orgs
    $198,887
    Other
    $12,317
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,387 related
    Bonus
    $0 + $31,500 related
    Other
    $0
    Deferred
    $0 + $3,748 related
    Nontaxable benefits
    $0 + $8,569 related
    Filer's total
    $0 + $211,204 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED ORGANIZATION). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION USING COMPARATIVE INDEPENDENT DATA. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS. THIS PROCESS WAS LAST PERFORMED IN DECEMBER 2022 AND WILL BE DONE AGAIN AT THE END OF 2024.
PART I, LINE 7
THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD. THIS WAS LAST COMPLETED IN 2021.

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
2023
Filed
29 July 2024
IRS schema version
2023v5.1
Source object
202402139349300535

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