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Nonprofiteer
← UNITED ZION RETIREMENT COMMUNITY

Form 990 for tax year 2023

Filed by UNITED ZION RETIREMENT COMMUNITY.

Totals

Total revenue
$14,988,256
Total expenses
$13,693,527
Contributions and grants received
$124,895
Grants paid
$0
Program service revenue
$12,681,046
Investment income
-$792,715
Other revenue
$2,975,030
Total assets, end of year
$39,333,748
Total liabilities, end of year
$24,765,529
Net assets or fund balances, end of year
$14,568,219
Program services expenses (Part IX)
$12,074,691
Management and general expenses
$1,506,670
Fundraising expenses
$112,166
Program service expenses (Part III)
$12,074,691

Program services were 88.2% 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.

  • 1f · All other contributions, gifts and grants

    $124,895

  • 2a · Program service revenue: RESIDENT REVENUE

    total $12,638,011 · related or exempt $12,638,011

  • 2b · Program service revenue: RESIDENT MEALS REVENUE

    total $22,704 · related or exempt $22,704

  • 2c · Program service revenue: STATE ASSESSMENT REVENUE

    total $20,331 · related or exempt $20,331

  • 3 · Investment income

    total $308,362 · excluded $308,362

  • 6a · Gross rents

    real property $521,227

  • 6b · Less rental expenses

    real property $543,720

  • 6c · Rental income or loss

    real property -$22,493

  • 6d · Net rental income or loss

    total -$22,493 · unrelated business -$7,976 · excluded -$14,517

  • 7a · Gross sales of assets other than inventory

    securities $7,264,893

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

    securities $8,365,970

  • 7c · Gain or loss

    securities -$1,101,077

  • 7d · Net gain or loss

    total -$1,101,077 · excluded -$1,101,077

  • 11a · Other revenue: ERTC REVENUE

    total $2,912,477 · excluded $2,912,477

  • 11b · Other revenue: OTHER REVENUES

    total $82,875 · excluded $82,875

  • 11c · Other revenue: MEALS REVENUE

    total $2,171 · excluded $2,171

  • 11e · Other revenue, total

    $2,997,523

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $490,987 · program services $187,290 · management and general $293,369 · fundraising $10,328

  • 7 · Other salaries and wages

    total $5,712,890 · program services $5,550,215 · management and general $134,058 · fundraising $28,617

  • 8 · Pension plan contributions

    total $93,814 · program services $88,704 · management and general $4,470 · fundraising $640

  • 9 · Other employee benefits

    total $812,501 · program services $774,272 · management and general $32,121 · fundraising $6,108

  • 10 · Payroll taxes

    total $446,838 · program services $407,681 · management and general $35,694 · fundraising $3,463

  • 11a · Fees: management

    total $280,662 · program services $280,662

  • 11b · Fees: legal

    total $499 · program services $499

  • 11c · Fees: accounting

    total $43,800 · management and general $43,800

  • 11d · Fees: lobbying

    total $946 · program services $946

  • 11e · Fees: professional fundraising services

    total $37,500 · fundraising $37,500

  • 11f · Fees: investment management

    total $60,875 · program services $60,875

  • 11g · Fees: other

    total $1,055,436 · program services $479,698 · management and general $575,629 · fundraising $109

  • 12 · Advertising and promotion

    total $98,381 · program services $98,381

  • 13 · Office expenses

    total $224,301 · program services $177,556 · management and general $45,109 · fundraising $1,636

  • 14 · Information technology

    total $364,616 · program services $213,103 · management and general $150,007 · fundraising $1,506

  • 16 · Occupancy

    total $233,798 · program services $258,726 · management and general -$26,093 · fundraising $1,165

  • 17 · Travel

    total $10,635 · program services $4,310 · management and general $6,325

  • 20 · Interest

    total $730,128 · program services $661,040 · management and general $63,280 · fundraising $5,808

  • 22 · Depreciation, depletion and amortization

    total $1,270,909 · program services $1,166,330 · management and general $95,787 · fundraising $8,792

  • 23 · Insurance

    total $122,243 · program services $111,787 · management and general $9,577 · fundraising $879

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $622,946 · program services $622,946

  • 24b · Other expenses: THERAPY EXPENSES

    total $510,053 · program services $510,053

  • 24c · Other expenses: STATE NH ASSESSMENT TAX

    total $158,654 · program services $158,654

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $113,554 · program services $113,554

  • 24e · All other expenses

    total $196,561 · program services $147,409 · management and general $43,537 · fundraising $5,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451,400 · end of year $419,393

  • 2 · Savings and temporary cash investments

    beginning of year $1,442,718 · end of year $1,624,884

  • 4 · Accounts receivable

    beginning of year $487,957 · end of year $3,632,595

  • 8 · Inventories for sale or use

    beginning of year $49,348 · end of year $26,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,844 · end of year $147,685

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

    $38,044,697

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

    $15,904,649

  • 10c · Land, buildings and equipment, net

    beginning of year $22,211,606 · end of year $22,140,048

  • 11 · Investments: publicly traded securities

    beginning of year $10,291,812 · end of year $10,651,600

  • 15 · Other assets

    beginning of year $719,125 · end of year $690,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,099,947 · end of year $1,687,879

  • 19 · Deferred revenue

    beginning of year $4,418,085 · end of year $4,450,433

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,014,534 · end of year $17,629,214

  • 25 · Other liabilities

    beginning of year $974,756 · end of year $998,003

  • 27 · Net assets without donor restrictions

    beginning of year $9,099,458 · end of year $12,190,026

  • 28 · Net assets with donor restrictions

    beginning of year $2,243,030 · end of year $2,378,193

Mission and programs · 2023

Mission

BASED ON CHRISTIAN PRINCIPLES, WE PROVIDE A COMMUNITY WHERE RESIDENTS THRIVE BY FOCUSING ON INDEPENDENCE, DIGNITY, AND PHYSICAL, EMOTIONAL, AND SPIRITUAL WELLNESS.

Activities or mission (Part I)

BASED ON CHRISTIAN PRINCIPLES, WE PROVIDE A COMMUNITY WHERE RESIDENTS THRIVE.

  • AT UNITED ZION RETIREMENT COMMUNITY, MAINTAINING AN INDIVIDUAL'S HIGHEST LEVEL OF INDEPENDENCE REMAINS OUR GOAL WHETHER SUPPORTING THEM IN INDEPENDENT LIVING COTTAGES OR APARTMENTS, IN PERSONAL CARE SUITES OR HEALTHCARE. EACH RESIDENCE HAS SOMETHING GREAT TO OFFER. ALL COTTAGES INCLUDE A FULL DAY-LIGHT BASEMENT ABLE TO BE CUSTOMIZED TO SPECIFIC LIFESTYLE NEEDS. ALL FIRST FLOOR APARTMENTS INCLUDE THEIR OWN OUTSIDE ENTRANCE AND PORCHES AND SELECTED APARTMENTS CAN BE PROVIDED WITH ADDITIONAL PERSONAL CARE SERVICES TO PREVENT A PRE-MATURE MOVE FROM THE APARTMENT TO RECEIVE ADDITIONAL SUPPORT. SEVERAL PLEASANT DINING VENUES, VARIED RECREATIONAL PROGRAMS, FREQUENT OFF-CAMPUS TRIPS AND DAILY SPIRITUAL PROGRAMS IN THE CHAPEL ENHANCE ONE'S LIFESTYLE, INDEPENDENCE AND CHOICE. HEALTHCARE ROOMS, DESIGNED BY AWARD WINNING ARCHITECTS, PROVIDE ENHANCED PRIVACY FOR BOTH PRIVATE AND SEMI-PRIVATE - SHARED BATH ACCOMMODATIONS AND FLAT SCREEN TELEVISIONS. EXPERIENCED PROFESSIONAL THERAPISTS PROVIDE REHABILITATION SERVICES. UNITED ZION RETIREMENT COMMUNITY'S MORE THAN 115 YEAR REPUTATION FOR PROVIDING THESE QUALITY SENIOR SERVICES HIGHLIGHTS UNITED ZION'S EXPERIENCE IN MEETING THE UNIQUE NEEDS AND PREFERENCES OF OLDER ADULTS. UNITED ZION RETIREMENT COMMUNITY PROVIDES CONTINUING CARE FOR RESIDENTS MEETING CERTAIN ELIGIBILITY CRITERIA UPON RESIDENCY. THIS ASSURES INDIVIDUALS SEEKING RESIDENCY THAT BENEVOLENT SUPPORT WILL BE AVAILABLE SHOULD THEY BE UNABLE TO PAY THE FULL COST OF THEIR FUTURE CARE. THE LEVEL OF THIS UNFUNDED CARE AMOUNTED TO APPROXIMATELY $1,837,000 IN 2023 INCLUDING COSTS RELATED TO THE MEDICAID PROGRAM. IN THE CURRENT YEAR IN HEALTH CARE, 35% OF THE 20,676 RESIDENT DAYS WERE PAID BY MEDICAL ASSISTANCE. IN PERSONAL CARE, 24% OF THE 9,455 DAYS WERE BENEVOLENT FUNDS.

    Expenses $12,074,691 · Revenue $12,681,046

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

Listed in Part VII

  • JESSICA MUSSER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MEL HORST

    VICE PRESIDENT (UNTIL 4/23)

    Total calculated
    $0
    Hours/week
    1

  • SHANNON SENSING

    VICE PRESIDENT (FROM 4/23)

    Total calculated
    $0
    Hours/week
    1

  • ESTHER KEYSER

    TREASURER (UNTIL 8/23)

    Total calculated
    $0
    Hours/week
    1

  • JOHN E FRY

    TREASURER (FROM 8/23)

    Total calculated
    $0
    Hours/week
    1

  • EUNICE METZLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROGER GERHART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLARENCE SPOHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSANA TERCERO

    BOARD MEMBER (FROM 3/23)

    Total calculated
    $0
    Hours/week
    1

  • DORCAS ZIMMERMAN

    BOARD MEMBER (FROM 4/23)

    Total calculated
    $0
    Hours/week
    1

  • MARILYN SUE VERDEGEM

    CEO

    Total calculated
    $206,567
    From this org
    $177,668
    From related orgs
    $0
    Other
    $28,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,668
    Bonus
    $0
    Other
    $0
    Deferred
    $9,049
    Nontaxable benefits
    $19,850
    Filer's total
    $206,567

  • ELLEN HAUPT

    NURSING HOME ADMINISTRATOR

    Total calculated
    $130,594
    From this org
    $120,071
    From related orgs
    $0
    Other
    $10,523
    Hours/week
    40

  • MATTHEW MUSSER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $153,826
    From this org
    $124,734
    From related orgs
    $0
    Other
    $29,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,734
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,092
    Filer's total
    $153,826

  • JANET HENRY-ISAAC

    DIRECTOR OF NURSING

    Total calculated
    $124,559
    From this org
    $112,643
    From related orgs
    $0
    Other
    $11,916
    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. 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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
23 August 2024
IRS schema version
2023v5.1
Source object
202402409349301200

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