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Nonprofiteer
← PROVIDENCE PLACE ASSISTED LIVING INC

Form 990 for tax year 2024

Filed by PROVIDENCE PLACE ASSISTED LIVING INC.

Totals

Total revenue
$1,017,607
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,017,607
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.

Revenue

Part VIII, the statement of revenue.

  • 7a · Gross sales of assets other than inventory

    other assets $4,838,000

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

    other assets $3,820,393

  • 7c · Gain or loss

    other assets $1,017,607

  • 7d · Net gain or loss

    total $1,017,607 · excluded $1,017,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,846 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,000 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $144,718 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,729 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,674,513 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $47,256 · end of year $0

  • 15 · Other assets

    beginning of year $225,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $455,684 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,585 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $5,570,201 · end of year $0

  • 25 · Other liabilities

    beginning of year $157,199 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,017,607 · end of year $0

Mission and programs · 2024

Mission

TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRTUAL GROWTH AND DEVELOPMENT.

  • PROVIDING HOUSING AND SENIOR SERVICES THROUGH INNOVATIVE MODELS AND STATE OF THE ART CARE SYSTEMS THAT MAXIMIZE FUNCTIONAL ABILITIES AND SPIRITUAL DEVELOPMENT OF THE RESIDENTS AND PROGRAM PARTICIPANTS IN A CHRISTIAN ENVIRONMENT. THE PRIMARY SERVICES PROVIDED ARE ASSISTED LIVING SERVICES AND MEMORY CARE. 55,170 SQ. FT. OF LIVING SPACE, MEMORY CARE CENTER PROVIDING THERAPEUTIC CARE FOR ALZHEIMER'S/DEMENTIA RESIDENTS, PRIVATE AND SEMI-PRIVATE ROOMS AND ON SITE PHYSICAL THERAPY.

As filed on the 2024 return.

Listed in Part VII

  • REGINA SHARROW

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • C NORWOOD DAVIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • CRAIG DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KIM HOPPE

    CEO

    Total calculated
    $258,005
    From this org
    $0
    From related orgs
    $258,005
    Other
    $0
    Hours/week
    5 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,005 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $258,005 related

  • TERRY MILLER

    FORMER PERSIDENT/CEO

    Total calculated
    $549,848
    From this org
    $0
    From related orgs
    $549,848
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $549,848 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $549,848 related

  • BARRY YATES

    FORMER CFO

    Total calculated
    $597,844
    From this org
    $0
    From related orgs
    $576,002
    Other
    $21,842
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $576,002 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,842 related
    Filer's total
    $0 + $597,844 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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • EVERYAGE

    $3,600,000

    Liquidation · REAL PROPERTY · Oct 1, 2024 · 501(C)(3)

  • EVERYAGE

    $161,000

    Liquidation · PERSONAL PROPERTY · Oct 1, 2024 · 501(C)(3)

  • EVERYAGE

    $106,000

    Liquidation · ACCOUNTS RECEIVABLE · Oct 1, 2024 · 501(C)(3)

  • EVERYAGE

    $20,000

    Liquidation · PREPAID EXPENSES · Oct 1, 2024 · 501(C)(3)

  • EVERYAGE

    $925,000

    Liquidation · INTANGIBLES · Oct 1, 2024 · 501(C)(3)

  • EVERYAGE

    $119,000

    Liquidation · GOODWILL · Oct 1, 2024 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602299349302370

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