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← GENESIS HEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by GENESIS HEALTH FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 5 June 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$884,797
Total expenses
$810,190
Contributions and grants received
$529,271
Grants paid
$451,696
Program service revenue
$0
Investment income
$0
Other revenue
$355,526
Total assets, end of year
$6,990,548
Total liabilities, end of year
$6,990,548
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$757,610
Management and general expenses
$52,580
Fundraising expenses
$0
Program service expenses (Part III)
$757,610

Program services were 93.5% 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

    $529,271

  • 8a · Fundraising events: gross income

    $561,667

  • 8b · Fundraising events: direct expenses

    $240,195

  • 8c · Net income from fundraising events

    total $321,472 · excluded $321,472

  • 10a · Gross sales of inventory

    $91,862

  • 10b · Cost of goods sold

    $57,808

  • 10c · Net income from sales of inventory

    total $34,054 · excluded $34,054

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $451,696 · program services $451,696

  • 7 · Other salaries and wages

    total $171,844 · program services $144,349 · management and general $27,495

  • 8 · Pension plan contributions

    total $7,764 · program services $6,444 · management and general $1,320

  • 9 · Other employee benefits

    total $16,802 · program services $13,778 · management and general $3,024

  • 10 · Payroll taxes

    total $15,300 · program services $12,393 · management and general $2,907

  • 11g · Fees: other

    total $7,912 · program services $250 · management and general $7,662

  • 12 · Advertising and promotion

    total $648 · program services $648

  • 13 · Office expenses

    total $16,568 · program services $15,574 · management and general $994

  • 17 · Travel

    total $3,091 · program services $2,473 · management and general $618

  • 19 · Conferences, conventions and meetings

    total $1,639 · program services $1,639

  • 22 · Depreciation, depletion and amortization

    total $34,942 · program services $27,954 · management and general $6,988

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $59,163 · program services $59,163

  • 24b · Other expenses: PROGRAM EXPENSES

    total $12,533 · program services $12,533

  • 24c · Other expenses: DUES AND LICENSES

    total $7,523 · program services $6,395 · management and general $1,128

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $2,468 · program services $2,024 · management and general $444

  • 24e · All other expenses

    total $297 · program services $297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,007 · end of year $169,672

  • 8 · Inventories for sale or use

    beginning of year $46,192 · end of year $67,406

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,691 · end of year $5,146

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

    $1,082,689

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

    $202,268

  • 10c · Land, buildings and equipment, net

    beginning of year $910,479 · end of year $880,421

  • 15 · Other assets

    beginning of year $5,321,459 · end of year $5,867,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,120 · end of year $202,654

  • 19 · Deferred revenue

    beginning of year $99,975 · end of year $60,417

  • 25 · Other liabilities

    beginning of year $6,287,733 · end of year $6,727,477

Mission and programs · 2022

Mission

TO ADVANCE THE HEALTH AND WELL-BEING OF PERSONS REQUIRING REHABILITATION THROUGH SUPERIOR OUTCOMES, SERVICE, EDUCATION, AND RESEARCH.

Activities or mission (Part I)

SUPPORT AND FUNDRAISING FOR GENESIS HEALTH, INC. (BROOKS HEALTH SYSTEM) AND ITS AFFILIATES

  • SEE SCHEDULE O.

    Expenses $757,610 · Grants $451,696

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas M Baer

    CHAIRMAN/ PRESIDENT

    Total calculated
    $2,466,414
    From this org
    $0
    From related orgs
    $2,402,243
    Other
    $64,171
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,398,382 related
    Bonus
    $0
    Other
    $0 + $3,861 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $16,671 related
    Filer's total
    $0 + $2,466,414 related

  • Howard Serkin

    BOARD MEMBER

    Total calculated
    $38,400
    From this org
    $0
    From related orgs
    $38,400
    Other
    $0
    Hours/week
    1 + 5 related

  • Daniel R Curran

    CFO

    Total calculated
    $457,234
    From this org
    $0
    From related orgs
    $438,079
    Other
    $19,155
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,595 related
    Bonus
    $0
    Other
    $0 + $1,484 related
    Deferred
    $0 + $13,223 related
    Nontaxable benefits
    $0 + $5,932 related
    Filer's total
    $0 + $457,234 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

The filer's explanations (Part III)

PART I, LINE 3:
THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES DIRECTLY. CERTAIN BOARD MEMBERS AND MANAGEMENT OFFICIALS ARE COMPENSATED BY BROOKS HEALTH SYSTEM, A RELATED ORGANIZATION. THE BOARD OF BROOKS HEALTH SYSTEM USES THE FOLLOWING METHODS TO DETERMINE EXECUTIVE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY OR SURVEY - APPROVAL BY COMPENSATION COMMITTEE

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

  • GENESIS HEALTH INC

    $451,696

    SUPPORT OF THE VARIOUS COMMUNITY PROGRAMS OF BROOKS HEALTH SYSTEM. RELATED PARTY. SEE SCHEDULES O AND R.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ST AUGUSTINE MOB LTD

    REAL ESTATE HOLDING · FL

  • HB DELTONA REHABILITATIVE SERVICES LLC

    HEALTHCARE REHABILITATION · FL

Related corporations and trusts

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

  • GH HOLDINGS INC

    C · HOLDING COMPANY · FL

  • GH MANAGEMENT INC

    C · HOLDING COMPANY · FL

  • GENESIS MANAGEMENT SERVICES INC

    C · MANAGEMENT SERVICES · FL

  • GH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · FL

  • GH PARTNERSHIP HOLDINGS PPA INC

    C · INVESTMENT HOLDINGS · FL

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349310122

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