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Nonprofiteer
← CUMBERLAND REST HOME TRINITY TERRACE

Form 990 for tax year 2023

Filed by CUMBERLAND REST HOME TRINITY TERRACE.

Totals

Total revenue
$52,453,066
Total expenses
$42,000,284
Contributions and grants received
$403,922
Grants paid
$0
Program service revenue
$32,351,640
Investment income
$9,157,771
Other revenue
$10,539,733
Total assets, end of year
$297,512,941
Total liabilities, end of year
$179,550,504
Net assets or fund balances, end of year
$117,962,437
Program services expenses (Part IX)
$25,797,102
Management and general expenses
$16,203,182
Fundraising expenses
$0
Program service expenses (Part III)
$25,797,102

Program services were 61.4% 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

    $403,922

  • 2a · Program service revenue: SERVICE FEES

    total $23,646,295 · related or exempt $23,646,295

  • 2b · Program service revenue: HEALTH CENTER

    total $4,342,703 · related or exempt $4,342,703

  • 2c · Program service revenue: ENTRANCE FEES

    total $3,933,723 · related or exempt $3,933,723

  • 2d · Program service revenue: OTHER REVENUES

    total $428,919 · related or exempt $428,919

  • 3 · Investment income

    total $5,782,227 · excluded $5,782,227

  • 5 · Royalties

    total $10,534,861 · excluded $10,534,861

  • 6a · Gross rents

    real property $4,872

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,872

  • 6d · Net rental income or loss

    total $4,872 · excluded $4,872

  • 7a · Gross sales of assets other than inventory

    securities $6,507,316 · other assets $1,023,032

  • 7b · Less cost or other basis and sales expenses

    securities $3,091,575 · other assets $1,063,229

  • 7c · Gain or loss

    securities $3,415,741 · other assets -$40,197

  • 7d · Net gain or loss

    total $3,375,544 · excluded $3,375,544

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,296,716 · management and general $2,296,716

  • 7 · Other salaries and wages

    total $9,675,886 · program services $5,345,626 · management and general $4,330,260

  • 8 · Pension plan contributions

    total $476,524 · program services $168,302 · management and general $308,222

  • 9 · Other employee benefits

    total $2,178,566 · program services $247,695 · management and general $1,930,871

  • 10 · Payroll taxes

    total $863,806 · program services $477,226 · management and general $386,580

  • 11a · Fees: management

    total $2,643,425 · management and general $2,643,425

  • 11b · Fees: legal

    total $102,891 · management and general $102,891

  • 11c · Fees: accounting

    total $35,673 · management and general $35,673

  • 11f · Fees: investment management

    total $422,272 · management and general $422,272

  • 11g · Fees: other

    total $2,384,873 · program services $35,097 · management and general $2,349,776

  • 12 · Advertising and promotion

    total $192,420 · program services $600 · management and general $191,820

  • 13 · Office expenses

    total $734,005 · program services $535,172 · management and general $198,833

  • 14 · Information technology

    total $181,059 · management and general $181,059

  • 15 · Royalties

    total $364,688 · program services $364,688

  • 16 · Occupancy

    total $3,036,618 · program services $2,723,849 · management and general $312,769

  • 17 · Travel

    total $112,951 · management and general $112,951

  • 19 · Conferences, conventions and meetings

    total $31,776 · management and general $31,776

  • 20 · Interest

    total $4,663,466 · program services $4,663,466

  • 22 · Depreciation, depletion and amortization

    total $7,853,343 · program services $7,853,343

  • 23 · Insurance

    total $347,278 · program services $347,278

  • 24a · Other expenses: OTHER FACILITY SERVICE

    total $1,727,244 · program services $1,727,244

  • 24b · Other expenses: OTHER DIETARY EXPENSE

    total $682,179 · program services $682,179

  • 24c · Other expenses: HEALTH CENTER EXPENSE

    total $601,416 · program services $234,128 · management and general $367,288

  • 24d · Other expenses: PROGRAM FUND EXPENSES

    total $391,209 · program services $391,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,067,871 · end of year $30,159,491

  • 2 · Savings and temporary cash investments

    beginning of year $7,923,669 · end of year $2,098,859

  • 4 · Accounts receivable

    beginning of year $1,132,934 · end of year $1,176,092

  • 8 · Inventories for sale or use

    beginning of year $239,632 · end of year $163,657

  • 9 · Prepaid expenses and deferred charges

    beginning of year $471,719 · end of year $289,928

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

    $253,275,760

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

    $94,542,159

  • 10c · Land, buildings and equipment, net

    beginning of year $155,762,743 · end of year $158,733,601

  • 11 · Investments: publicly traded securities

    beginning of year $40,823,498 · end of year $62,824,270

  • 12 · Investments: other securities

    beginning of year $10,667,250

  • 15 · Other assets

    beginning of year $51,933,310 · end of year $42,067,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,238,473 · end of year $4,143,858

  • 19 · Deferred revenue

    beginning of year $30,866,694 · end of year $32,687,536

  • 20 · Tax-exempt bond liabilities

    beginning of year $85,229,403 · end of year $75,799,610

  • 25 · Other liabilities

    beginning of year $68,731,214 · end of year $66,919,500

  • 27 · Net assets without donor restrictions

    beginning of year $82,930,904 · end of year $85,845,202

  • 28 · Net assets with donor restrictions

    beginning of year $38,025,938 · end of year $32,117,235

Mission and programs · 2023

Mission

THE CUMBERLAND REST, INC. (DBA: TRINITY TERRACE) IS A PREMIER CONTINUING CARE RETIREMENT COMMUNITY THAT ENRICHES THE LIVES OF ITS RESIDENTS.

Activities or mission (Part I)

TO PROVIDE COMPREHENSIVE CARE AND HOUSING FOR THE ELDERLY.

  • TRINITY TERRACE IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING.

    Expenses $25,797,102 · Revenue $32,351,640

As filed on the 2023 return.

Listed in Part VII

  • BRIAN YOUNG

    EXECUTIVE DIRECTOR

    Total calculated
    $428,497
    From this org
    $361,332
    From related orgs
    $0
    Other
    $67,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,730
    Bonus
    $47,602
    Other
    $0
    Deferred
    $35,415
    Nontaxable benefits
    $31,750
    Filer's total
    $428,497

  • LINE WILSON

    ASSISTANT EXECUTIVE DIRECTOR

    Total calculated
    $285,835
    From this org
    $242,651
    From related orgs
    $0
    Other
    $43,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,092
    Bonus
    $27,559
    Other
    $0
    Deferred
    $26,122
    Nontaxable benefits
    $17,062
    Filer's total
    $285,835

  • JENNIFERT AGUIRRE

    HEALTH SERVICES ADMIN

    Total calculated
    $179,913
    From this org
    $168,819
    From related orgs
    $0
    Other
    $11,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,369
    Bonus
    $15,450
    Other
    $0
    Deferred
    $499
    Nontaxable benefits
    $10,595
    Filer's total
    $179,913

  • BOBBY DAVIS

    DIRECTOR OF FACILITY SERVICES

    Total calculated
    $161,317
    From this org
    $129,455
    From related orgs
    $0
    Other
    $31,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,664
    Bonus
    $5,791
    Other
    $0
    Deferred
    $7,518
    Nontaxable benefits
    $24,344
    Filer's total
    $161,317

  • BARBARA HARRINGTON

    BUSINESS OFFICE MANAGER

    Total calculated
    $145,696
    From this org
    $125,943
    From related orgs
    $0
    Other
    $19,753
    Hours/week
    40

  • TASA ANDERSON

    DIRECTOR OF SALES AND MARKETING

    Total calculated
    $138,226
    From this org
    $129,071
    From related orgs
    $0
    Other
    $9,155
    Hours/week
    40

  • DONALD MILLS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOUG WILSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GRETCHEN SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HYATT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JIM AUSTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLAN BARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN COULTER

    DIRECTOR (THROUGH FEBRUARY 2024)

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GORDON

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MCMAHON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY DRAKE MERTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY TAFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLELA VOGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM WHITTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC. AND APPROVED BY TRINITY TERRACE'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES THIS YEAR. THE PROCESS FOR DETERMINING EXECUTIVE BONUSES IS DISCRETIONARY. IT IS DETERMINED BY THE VP OF OPERATIONS FOR PRS AND IT IS BASED ON THE PERFORMANCE OF THE COMMUNITY FOR THE YEAR.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202532269349301203

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