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Nonprofiteer
← CUMBERLAND REST HOME TRINITY TERRACE

Form 990 for tax year 2022

Filed by CUMBERLAND REST HOME TRINITY TERRACE.

Totals

Total revenue
$43,723,696
Total expenses
$40,763,643
Contributions and grants received
$367,464
Grants paid
$0
Program service revenue
$31,138,034
Investment income
$299,153
Other revenue
$11,919,045
Total assets, end of year
$310,022,626
Total liabilities, end of year
$189,065,784
Net assets or fund balances, end of year
$120,956,842
Program services expenses (Part IX)
$33,996,632
Management and general expenses
$6,767,011
Fundraising expenses
$0
Program service expenses (Part III)
$33,996,632

Program services were 83.4% 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

    $367,464

  • 2a · Program service revenue: SERVICE FEES

    total $22,543,519 · related or exempt $22,543,519

  • 2b · Program service revenue: ENTRANCE FEES

    total $4,203,296 · related or exempt $4,203,296

  • 2c · Program service revenue: HEALTH CENTER

    total $3,880,367 · related or exempt $3,880,367

  • 2d · Program service revenue: OTHER REVENUES

    total $397,031 · related or exempt $397,031

  • 2e · Program service revenue: DIETARY

    total $113,821 · related or exempt $113,821

  • 3 · Investment income

    total $1,317,343 · excluded $1,317,343

  • 4 · Income from investment of tax-exempt bond proceeds

    total $111,648 · excluded $111,648

  • 5 · Royalties

    total $11,903,345 · excluded $11,903,345

  • 6a · Gross rents

    real property $15,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,700

  • 6d · Net rental income or loss

    total $15,700 · excluded $15,700

  • 7a · Gross sales of assets other than inventory

    securities $782,078 · other assets $65,922

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

    securities $1,629,256 · other assets $348,582

  • 7c · Gain or loss

    securities -$847,178 · other assets -$282,660

  • 7d · Net gain or loss

    total -$1,129,838 · excluded -$1,129,838

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $592,886 · management and general $592,886

  • 7 · Other salaries and wages

    total $10,469,707 · program services $9,524,511 · management and general $945,196

  • 8 · Pension plan contributions

    total $443,805 · program services $331,066 · management and general $112,739

  • 9 · Other employee benefits

    total $1,776,181 · program services $1,612,393 · management and general $163,788

  • 10 · Payroll taxes

    total $884,475 · program services $764,613 · management and general $119,862

  • 11a · Fees: management

    total $2,483,854 · management and general $2,483,854

  • 11b · Fees: legal

    total $95,465 · management and general $95,465

  • 11c · Fees: accounting

    total $32,549 · management and general $32,549

  • 11f · Fees: investment management

    total $416,710 · management and general $416,710

  • 11g · Fees: other

    total $2,693,892 · program services $2,010,356 · management and general $683,536

  • 12 · Advertising and promotion

    total $291,104 · program services $472 · management and general $290,632

  • 13 · Office expenses

    total $856,528 · program services $688,987 · management and general $167,541

  • 14 · Information technology

    total $277,237 · management and general $277,237

  • 15 · Royalties

    total $456,469 · program services $456,469

  • 16 · Occupancy

    total $2,884,363 · program services $2,884,064 · management and general $299

  • 17 · Travel

    total $108,592 · program services $24,506 · management and general $84,086

  • 19 · Conferences, conventions and meetings

    total $36,712 · program services $8,104 · management and general $28,608

  • 20 · Interest

    total $4,195,451 · program services $4,195,451

  • 22 · Depreciation, depletion and amortization

    total $8,010,684 · program services $8,010,684

  • 23 · Insurance

    total $312,534 · program services $312,534

  • 24a · Other expenses: OTHER FACILITY SERVICE

    total $1,659,131 · program services $1,659,131

  • 24b · Other expenses: OTHER DIETARY EXPENSE

    total $917,658 · program services $917,658

  • 24c · Other expenses: HEALTH CENTER EXPENSE

    total $527,309 · program services $255,286 · management and general $272,023

  • 24d · Other expenses: PROGRAM FUND EXPENSES

    total $340,347 · program services $340,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,568,856 · end of year $41,067,871

  • 2 · Savings and temporary cash investments

    beginning of year $7,773,820 · end of year $7,923,669

  • 4 · Accounts receivable

    beginning of year $1,010,618 · end of year $1,132,934

  • 8 · Inventories for sale or use

    beginning of year $232,997 · end of year $239,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $408,747 · end of year $471,719

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

    $242,668,657

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

    $86,905,914

  • 10c · Land, buildings and equipment, net

    beginning of year $154,898,434 · end of year $155,762,743

  • 11 · Investments: publicly traded securities

    beginning of year $35,604,608 · end of year $40,823,498

  • 12 · Investments: other securities

    beginning of year $9,439,577 · end of year $10,667,250

  • 15 · Other assets

    beginning of year $68,559,560 · end of year $51,933,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,493,061 · end of year $4,238,473

  • 19 · Deferred revenue

    beginning of year $31,062,018 · end of year $30,866,694

  • 20 · Tax-exempt bond liabilities

    beginning of year $87,492,406 · end of year $85,229,403

  • 25 · Other liabilities

    beginning of year $67,228,967 · end of year $68,731,214

  • 27 · Net assets without donor restrictions

    beginning of year $91,830,258 · end of year $82,930,904

  • 28 · Net assets with donor restrictions

    beginning of year $28,390,507 · end of year $38,025,938

Mission and programs · 2022

Mission

THE CUMBERLAND REST, INC. (DBA: TRINITY TERRACE) IS A PREMIER CONTINUING CARE RETIREMENT COMMUNITY THAT ENRICHES THE LIVES OF ITS RESIDENTS.

Activities or mission (Part I)

TO PROVIDE COMPREHENSIVE CARE AND HOUSING FOR THE ELDERLY.

  • TRINITY TERRACE IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING.

    Expenses $33,996,632 · Revenue $31,138,034

As filed on the 2022 return.

Listed in Part VII

  • Donald Mills

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Doug Wilson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gretchen Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Hyatt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allan Barr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Coulter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael McMahon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Taft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carlela Vogel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Whitton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Young

    EXECUTIVE DIRECTOR

    Total calculated
    $380,679
    From this org
    $327,375
    From related orgs
    $0
    Other
    $53,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,467
    Bonus
    $44,908
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $32,804
    Filer's total
    $380,679

  • Line Wilson

    ASSISTANT EXECUTIVE DIRECTOR

    Total calculated
    $283,540
    From this org
    $239,992
    From related orgs
    $0
    Other
    $43,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,993
    Bonus
    $25,999
    Other
    $0
    Deferred
    $24,250
    Nontaxable benefits
    $19,298
    Filer's total
    $283,540

  • Gretchen Lincoln

    HOME DESIGN COORDINATOR

    Total calculated
    $125,155
    From this org
    $113,967
    From related orgs
    $0
    Other
    $11,188
    Hours/week
    40

  • Jude Okereke

    NURSE

    Total calculated
    $134,800
    From this org
    $116,436
    From related orgs
    $0
    Other
    $18,364
    Hours/week
    40

  • Bobby Davis

    DIRECTOR OF FACILITY SERVICES

    Total calculated
    $142,600
    From this org
    $119,505
    From related orgs
    $0
    Other
    $23,095
    Hours/week
    40

  • Barbara Harrington

    BUSINESS OFFICE MANAGER

    Total calculated
    $138,339
    From this org
    $128,491
    From related orgs
    $0
    Other
    $9,848
    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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC. AND APPROVED BY TRINITY TERRACE'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES THIS YEAR. THE PROCESS FOR DETERMINING EXECUTIVE BONUSES IS DISCRETIONARY. IT IS DETERMINED BY THE VP OF OPERATIONS FOR PRS AND IT IS BASED ON THE PERFORMANCE OF THE COMMUNITY FOR THE YEAR.

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.

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202442229349301034

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