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Nonprofiteer
← IHM SENIOR LIVING COMMUNITY INC

Form 990 for tax year 2022

Filed by IHM SENIOR LIVING COMMUNITY INC.

Totals

Total revenue
$17,218,484
Total expenses
$17,218,481
Contributions and grants received
$5,376,691
Grants paid
$0
Program service revenue
$11,841,655
Investment income
$0
Other revenue
$138
Total assets, end of year
$46,602,647
Total liabilities, end of year
$46,308,768
Net assets or fund balances, end of year
$293,879
Program services expenses (Part IX)
$15,349,351
Management and general expenses
$1,869,130
Fundraising expenses
$0
Program service expenses (Part III)
$15,349,351

Program services were 89.1% 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.

  • 1d · Related organizations

    $5,046,223

  • 1e · Government grants (contributions)

    $330,468

  • 2a · Program service revenue: RESIDENT SERVICE REVENUE

    total $11,416,783 · related or exempt $11,416,783

  • 2b · Program service revenue: MEDICAID PAYMENTS

    total $325,407 · related or exempt $325,407

  • 2c · Program service revenue: BEAUTY SHOP REVENUE

    total $63,202 · related or exempt $63,202

  • 2d · Program service revenue: ENTRANCE FEES

    total $36,263 · related or exempt $36,263

  • 11d · All other revenue

    total $138 · related or exempt $138

  • 11e · Other revenue, total

    $138

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $227,132 · management and general $227,132

  • 7 · Other salaries and wages

    total $5,451,274 · program services $5,446,319 · management and general $4,955

  • 9 · Other employee benefits

    total $685,875 · program services $561,881 · management and general $123,994

  • 10 · Payroll taxes

    total $391,210 · program services $391,210

  • 11a · Fees: management

    total $568,740 · management and general $568,740

  • 11b · Fees: legal

    total $37,050 · management and general $37,050

  • 11c · Fees: accounting

    total $46,800 · management and general $46,800

  • 11g · Fees: other

    total $2,440,148 · program services $1,848,858 · management and general $591,290

  • 12 · Advertising and promotion

    total $11,972 · program services $11,972

  • 13 · Office expenses

    total $20,463 · program services $20,463

  • 16 · Occupancy

    total $3,334,670 · program services $3,159,221 · management and general $175,449

  • 17 · Travel

    total $177,402 · program services $177,402

  • 19 · Conferences, conventions and meetings

    total $7,044 · program services $7,044

  • 22 · Depreciation, depletion and amortization

    total $32,167 · program services $32,167

  • 23 · Insurance

    total $93,049 · management and general $93,049

  • 24a · Other expenses: RESTRUCTURING

    total $2,750,875 · program services $2,750,875

  • 24b · Other expenses: TAXES AND LICENSES

    total $512,230 · program services $512,230

  • 24c · Other expenses: FOOD AND SUPPLIES

    total $204,882 · program services $204,211 · management and general $671

  • 24d · Other expenses: PROVISION FOR BAD DEBT

    total $54,251 · program services $54,251

  • 24e · All other expenses

    total $171,247 · program services $171,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $969 · end of year $820

  • 2 · Savings and temporary cash investments

    beginning of year $363,620 · end of year $301,153

  • 4 · Accounts receivable

    beginning of year $740,994 · end of year $700,576

  • 8 · Inventories for sale or use

    beginning of year $126,415 · end of year $134,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,633 · end of year $156,526

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

    $325,002

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

    $198,812

  • 10c · Land, buildings and equipment, net

    beginning of year $117,310 · end of year $126,190

  • 15 · Other assets

    beginning of year $1,730,736 · end of year $45,182,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,826,053 · end of year $3,431,011

  • 19 · Deferred revenue

    beginning of year $61,749 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $42,877,757

  • 27 · Net assets without donor restrictions

    beginning of year $293,875 · end of year $293,879

Mission and programs · 2022

Mission

WE COMMIT OURSELVES TO CREATING AN ATMOSPHERE OF LIFE WHERE EACH RESIDENT CAN ACHIEVE THE HIGHEST QUALITY OF LIFE AND ESTABLISH LOVING, CARING RELATIONSHIPS WITH EACH OTHER.

  • IHM SLC OPERATES A 58 BED SKILLED NURSING FACILITY. IN ADDITION, THERE IS AN INDEPENDENT LIVING FACILITY AND AN ASSISTED LIVING FACILITY, INCLUDING MEMORY CARE.

    Expenses $15,349,351 · Revenue $11,841,793

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Discher

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Herb

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Donna Kopinski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Abramovich

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Cochran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Downey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Harry Grenawitzke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Ryan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karla Zarb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Kennedy

    DIRECTOR OF HEALTH CARE CENTER

    Total calculated
    $111,215
    From this org
    $110,573
    From related orgs
    $0
    Other
    $642
    Hours/week
    40

  • Christine Horney

    DIRECTOR OF IHM SLC

    Total calculated
    $96,800
    From this org
    $89,134
    From related orgs
    $0
    Other
    $7,666
    Hours/week
    40

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.

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349304890

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