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Nonprofiteer
← MARTINS RUN

Form 990 for tax year 2022

Filed by MARTINS RUN.

Totals

Total revenue
$17,416,122
Total expenses
$19,102,939
Contributions and grants received
$297,620
Grants paid
$32,881
Program service revenue
$16,737,708
Investment income
$117,803
Other revenue
$262,991
Total assets, end of year
$45,631,014
Total liabilities, end of year
$52,181,419
Net assets or fund balances, end of year
-$6,550,405
Program services expenses (Part IX)
$14,456,295
Management and general expenses
$4,646,644
Fundraising expenses
$0
Program service expenses (Part III)
$14,456,295

Program services were 75.7% 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.

  • 1e · Government grants (contributions)

    $243,883

  • 1f · All other contributions, gifts and grants

    $53,737

  • 2a · Program service revenue: SKILLED NURSING

    total $7,184,518 · related or exempt $7,184,518

  • 2b · Program service revenue: INDEPENDENT LIVING

    total $4,894,975 · related or exempt $4,894,975

  • 2c · Program service revenue: ENTRANCE FEE AMORTIZATION

    total $2,372,691 · related or exempt $2,372,691

  • 2d · Program service revenue: PERSONAL CARE

    total $2,117,245 · related or exempt $2,117,245

  • 2e · Program service revenue: ASSESSMENT FEES

    total $168,279 · related or exempt $168,279

  • 3 · Investment income

    total $136,571 · excluded $136,571

  • 6a · Gross rents

    real property $1,704

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,704

  • 6d · Net rental income or loss

    total $1,704 · excluded $1,704

  • 7a · Gross sales of assets other than inventory

    securities $392,188

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

    securities $410,956

  • 7c · Gain or loss

    securities -$18,768

  • 7d · Net gain or loss

    total -$18,768 · excluded -$18,768

  • 11a · Other revenue: DINING REVENUE

    total $121,167 · unrelated business $40 · excluded $121,127

  • 11b · Other revenue: COMMUNITY FEES

    total $87,500 · excluded $87,500

  • 11c · Other revenue: TELEPHONE REVENUE

    total $17,952 · excluded $17,952

  • 11d · All other revenue

    total $34,668 · excluded $34,668

  • 11e · Other revenue, total

    $261,287

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $32,881 · program services $32,881

  • 5 · Compensation of officers, directors and key employees

    total $199,923 · program services $199,923

  • 7 · Other salaries and wages

    total $7,263,022 · program services $6,542,963 · management and general $720,059

  • 8 · Pension plan contributions

    total $283,983 · program services $253,713 · management and general $30,270

  • 9 · Other employee benefits

    total $866,157 · program services $773,228 · management and general $92,929

  • 10 · Payroll taxes

    total $743,480 · program services $513,510 · management and general $229,970

  • 11a · Fees: management

    total $1,677,060 · management and general $1,677,060

  • 11b · Fees: legal

    total $494,245 · management and general $494,245

  • 11c · Fees: accounting

    total $19,508 · management and general $19,508

  • 11g · Fees: other

    total $558,125 · program services $344,063 · management and general $214,062

  • 12 · Advertising and promotion

    total $108,747 · management and general $108,747

  • 13 · Office expenses

    total $527,759 · program services $452,190 · management and general $75,569

  • 16 · Occupancy

    total $1,481,126 · program services $1,446,350 · management and general $34,776

  • 17 · Travel

    total $1,186 · program services $442 · management and general $744

  • 20 · Interest

    total $1,557,530 · program services $1,246,024 · management and general $311,506

  • 22 · Depreciation, depletion and amortization

    total $2,134,550 · program services $1,707,640 · management and general $426,910

  • 23 · Insurance

    total $122,967 · management and general $122,967

  • 24a · Other expenses: FOOD

    total $711,574 · program services $711,574

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $206,808 · program services $206,808

  • 24c · Other expenses: BAD DEBT

    total $57,500 · management and general $57,500

  • 24d · Other expenses: EMPLOYEE EXPENSES

    total $19,022 · program services $5,137 · management and general $13,885

  • 24e · All other expenses

    total $35,786 · program services $19,849 · management and general $15,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,555 · end of year $284,845

  • 4 · Accounts receivable

    beginning of year $816,798 · end of year $468,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $171,653 · end of year $175,584

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

    $46,441,565

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

    $10,112,487

  • 10c · Land, buildings and equipment, net

    beginning of year $36,789,078 · end of year $36,329,078

  • 11 · Investments: publicly traded securities

    beginning of year $7,725,567 · end of year $7,150,560

  • 14 · Intangible assets

    beginning of year $1,206,200 · end of year $1,206,200

  • 15 · Other assets

    beginning of year $12,531 · end of year $16,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,155,927 · end of year $3,615,105

  • 19 · Deferred revenue

    beginning of year $9,261,356 · end of year $11,208,570

  • 21 · Escrow or custodial account liability

    beginning of year $659,568 · end of year $580,661

  • 23 · Secured mortgages and notes payable

    beginning of year $29,966,199 · end of year $29,497,085

  • 25 · Other liabilities

    beginning of year $8,031,544 · end of year $7,279,998

  • 27 · Net assets without donor restrictions

    beginning of year -$4,604,562 · end of year -$6,868,755

  • 28 · Net assets with donor restrictions

    beginning of year $318,350 · end of year $318,350

Mission and programs · 2022

Mission

TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES.

Activities or mission (Part I)

THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING INDEPENDENT APARTMENTS, PERSONAL CARE APARTMENTS, AND A SKILLED NURSING FACILITY.

  • THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, WHICH INCLUDES THREE LEVELS OF CARE: INDEPENDENT LIVING, PERSONAL CARE AND A SKILLED NURSING FACILITY CONSISTING OF 161 INDEPENDENT APARTMENTS, 30 PERSONAL CARE UNITS, AND A 60 BED SKILLED NURSING FACILITY. THE COMMUNITY PROVIDES AGING SERVICES TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY FOR THE SENIOR RESIDENTS, AND TO PLAN AND DEVELOP NEW PROGRAMS AND SERVICES TO MEET THE EVOLVING SOCIAL, HEALTH AND PERSONAL NEEDS OF RESIDENTS. CAPACITY FOR THE YEAR WAS 94.36% FOR INDEPENDENT LIVING, 89.62% FOR PERSONAL CARE AND 96.54% FOR NURSING.

    Expenses $14,456,295 · Grants $32,881 · Revenue $16,737,708

As filed on the 2022 return.

Listed in Part VII

  • Jeff Petty

    PRESIDENT AND CEO

    Total calculated
    $1,187,580
    From this org
    $0
    From related orgs
    $1,164,295
    Other
    $23,285
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,656 related
    Bonus
    $0 + $89,801 related
    Other
    $0 + $582,838 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $11,085 related
    Filer's total
    $0 + $1,187,580 related

  • Mike Destefon

    EXECUTIVE DIRECTOR

    Total calculated
    $199,923
    From this org
    $183,834
    From related orgs
    $0
    Other
    $16,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,834
    Bonus
    $17,000
    Other
    $0
    Deferred
    $6,783
    Nontaxable benefits
    $9,306
    Filer's total
    $199,923

  • Michael Griffin

    CFO (UNTIL 9/6/22)

    Total calculated
    $177,877
    From this org
    $0
    From related orgs
    $168,397
    Other
    $9,480
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,267 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $6,130 related
    Deferred
    $0 + $2,100 related
    Nontaxable benefits
    $0 + $7,380 related
    Filer's total
    $0 + $177,877 related

  • Kimberly Ann Ratliff

    DIRECTOR OF NURSING

    Total calculated
    $132,176
    From this org
    $118,297
    From related orgs
    $0
    Other
    $13,879
    Hours/week
    56

  • Brenda McVey

    SALES MANAGER

    Total calculated
    $136,184
    From this org
    $131,623
    From related orgs
    $0
    Other
    $4,561
    Hours/week
    40

  • Heath Jones

    OCCUPATIONAL THERAPIST

    Total calculated
    $116,279
    From this org
    $103,131
    From related orgs
    $0
    Other
    $13,148
    Hours/week
    40

  • Velma Adhiambo Odinga

    NURSE SUPERVISOR

    Total calculated
    $115,786
    From this org
    $110,819
    From related orgs
    $0
    Other
    $4,967
    Hours/week
    45

  • Tamara Johnson

    DIR. PERS. CARE, HOMECARE, WELLNESS

    Total calculated
    $116,818
    From this org
    $103,870
    From related orgs
    $0
    Other
    $12,948
    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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
COMPENSATION FOR THE CEO AND ITS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED ORGANIZATION). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION, USING COMPARATIVE INDEPENDENT DATA. THE CEO IS THE ONLY EMPLOYEE WHO HAS AN EMPLOYMENT CONTRACT. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS. THIS WAS LAST COMPLETED IN 2019.
PART I, LINE 4B
THE ORGANIZATION'S 457 PLAN WAS ELIMINATED AND THE FOLLOWING PAYOUTS WERE MADE: JEFF PETTY - $582,836.36 MICHAEL GRIFFIN - $6,130.41

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 July 2023
IRS schema version
2022v5.0
Source object
202311929349300306

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