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Nonprofiteer
← THE EPISCOPAL CHURCH HOME INC

Form 990 for tax year 2022

Filed by THE EPISCOPAL CHURCH HOME INC.

Totals

Total revenue
$5,622,686
Total expenses
$9,056,777
Contributions and grants received
$8,276
Grants paid
$5,622
Program service revenue
$5,538,478
Investment income
-$30,476
Other revenue
$106,408
Total assets, end of year
$43,430,147
Total liabilities, end of year
$37,706,571
Net assets or fund balances, end of year
$5,723,576
Program services expenses (Part IX)
$6,691,972
Management and general expenses
$2,292,514
Fundraising expenses
$72,291
Program service expenses (Part III)
$6,691,972

Program services were 73.9% 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

    $8,276

  • 2a · Program service revenue: RESIDENT SERVICES

    total $5,123,158 · related or exempt $5,123,158

  • 2b · Program service revenue: ENTRANCE FEES

    total $397,002 · related or exempt $397,002

  • 2c · Program service revenue: BEAUTY SHOP

    total $18,318 · excluded $18,318

  • 3 · Investment income

    total $40,929 · excluded $40,929

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

    securities $71,405

  • 7c · Gain or loss

    securities -$71,405

  • 7d · Net gain or loss

    total -$71,405 · excluded -$71,405

  • 11a · Other revenue: COMMISSION FEES

    total $92,000 · related or exempt $92,000

  • 11b · Other revenue: RESIDENTS' GUESTS MEAL

    total $6,519 · excluded $6,519

  • 11d · All other revenue

    total $7,889 · related or exempt $7,889

  • 11e · Other revenue, total

    $106,408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,622 · program services $5,622

  • 7 · Other salaries and wages

    total $3,499,111 · program services $2,973,462 · management and general $480,565 · fundraising $45,084

  • 8 · Pension plan contributions

    total $44,159 · management and general $44,159

  • 9 · Other employee benefits

    total $396,151 · program services $376,735 · fundraising $19,416

  • 10 · Payroll taxes

    total $286,322 · program services $237,752 · management and general $44,093 · fundraising $4,477

  • 11a · Fees: management

    total $487,512 · management and general $487,512

  • 11b · Fees: legal

    total $10,084 · management and general $10,084

  • 11d · Fees: lobbying

    total $111 · management and general $111

  • 11f · Fees: investment management

    total $21,085 · management and general $21,085

  • 11g · Fees: other

    total $676,688 · program services $429,001 · management and general $247,687

  • 12 · Advertising and promotion

    total $96,296 · management and general $96,296

  • 14 · Information technology

    total $80,068 · management and general $80,068

  • 16 · Occupancy

    total $512,537 · program services $512,537

  • 17 · Travel

    total $3,186 · program services $713 · management and general $2,473

  • 19 · Conferences, conventions and meetings

    total $3,093 · program services $758 · management and general $2,335

  • 20 · Interest

    total $153,480 · management and general $153,480

  • 22 · Depreciation, depletion and amortization

    total $1,284,993 · program services $1,112,056 · management and general $172,937

  • 23 · Insurance

    total $304,194 · management and general $304,194

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $264,085 · program services $264,085

  • 24b · Other expenses: FOOD

    total $236,983 · program services $236,983

  • 24c · Other expenses: SUPPLIES

    total $187,475 · program services $183,349 · management and general $4,076 · fundraising $50

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $36,118 · management and general $36,118

  • 24e · All other expenses

    total $467,424 · program services $358,919 · management and general $105,241 · fundraising $3,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,845,150 · end of year $1,611,642

  • 2 · Savings and temporary cash investments

    beginning of year $7,203 · end of year $7,203

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $515,648 · end of year $273,606

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,058 · end of year $33,922

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

    $47,540,522

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

    $15,776,999

  • 10c · Land, buildings and equipment, net

    beginning of year $24,309,711 · end of year $31,763,523

  • 11 · Investments: publicly traded securities

    beginning of year $2,317,814 · end of year $1,927,095

  • 15 · Other assets

    beginning of year $9,815,755 · end of year $7,813,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,820,971 · end of year $19,269,846

  • 19 · Deferred revenue

    beginning of year $1,918,643 · end of year $2,161,974

  • 25 · Other liabilities

    beginning of year $13,217,799 · end of year $16,274,751

  • 27 · Net assets without donor restrictions

    beginning of year -$612,464 · end of year -$2,609,547

  • 28 · Net assets with donor restrictions

    beginning of year $10,533,390 · end of year $8,333,123

Mission and programs · 2022

Mission

AS AN INTERDENOMINATIONAL CHRISTIAN COMMUNITY RETIREMENT AND CARE FACILITY, THE EPISCOPAL CHURCH HOME IS DEDICATED TO PROVIDING A FULL RANGE OF HIGH-QUALITY RESIDENT SERVICES FROM LONG TERM ALZHEIMER'S/MEMORY CARE TO SHORT TERM REHABILITATION ON A NOT-FOR-PROFIT BASIS.

Activities or mission (Part I)

TO ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS THROUGH A CARING, CHRISTIAN COMMUNITY.

  • THE EPISCOPAL CHURCH HOME, INC. (THE ORGANIZATION) IS A KENTUCKY NONPROFIT ORGANIZATION LOCATED IN LOUISVILLE, KENTUCKY. THE ORGANIZATION OPERATES A SENIOR RESIDENTIAL HEALTH CARE FACILITY AND HOME KNOWN AS THE EPISCOPAL CHURCH HOME (THE HOME). THE HOME HAS LICENSES TO OPERATE UP TO 93 SKILLED NURSING FACILITY BEDS, 46 NURSING HOME BEDS, AND 127 PERSONAL CARE BEDS, 52 OF WHICH ARE LOCATED IN A DESIGNATED SPECIAL CARE UNIT FOR MEMORY-IMPAIRED PERSONS. ST. LUKE'S CHAPEL IS LOCATED ADJACENT TO THE HOME AND ITS ACCOUNTS AND ACTIVITIES ARE INCLUDED WITH THOSE OF THE HOME. THE ORGANIZATION ALSO OWNS AND OPERATES DUDLEY SQUARE, AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 62 TOWNHOUSES ON A SITE ADJACENT TO THE HOME. RESIDENTS OF DUDLEY SQUARE HAVE LIFETIME OCCUPANCY RIGHTS IN RETURN FOR PAYMENT. IN EARLY 2020, ECH ANNOUNCED A $19 MILLION RENOVATION FOR THE CAMPUS WHICH WILL ALLOW IT TO CONTINUE ITS MISSION AND LEGACY OF SERVING OLDER ADULTS IN A PERSON-CENTERED, INNOATIVE AND SPIRTUALLY-BASED WAY AS WELL AS RESPOND TO CHANGING MARKET TRENDS AND CONSUMER PREFERENCES.

    Expenses $6,691,972 · Grants $5,622 · Revenue $5,644,886

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

Listed in Part VII

  • Laura Lamb

    CEO

    Total calculated
    $556,318
    From this org
    $0
    From related orgs
    $495,034
    Other
    $61,284
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,275 related
    Bonus
    $0 + $93,063 related
    Other
    $0 + $9,696 related
    Deferred
    $0 + $25,000 related
    Nontaxable benefits
    $0 + $36,284 related
    Filer's total
    $0 + $556,318 related

  • Rob King

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.2 related

  • Amy Burnette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • W Thomas Cooper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.4 related

  • The Rev Canon Amy Coultas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Joann Hagopian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • The Rev Canon Jack Koepke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.4 related

  • Gibbs Reese

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Nelson Toebbe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Daniel Steward

    CFO

    Total calculated
    $276,194
    From this org
    $0
    From related orgs
    $249,143
    Other
    $27,051
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,810 related
    Bonus
    $0 + $26,987 related
    Other
    $0 + $35,346 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,051 related
    Filer's total
    $0 + $276,194 related

  • James Wilson

    VP, AFFORDABLE LIVING

    Total calculated
    $199,741
    From this org
    $0
    From related orgs
    $188,694
    Other
    $11,047
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,838 related
    Bonus
    $0 + $30,856 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,047 related
    Filer's total
    $0 + $199,741 related

  • Megan Bradford

    VP, MIDDLE MARKET & MINISTRY

    Total calculated
    $152,709
    From this org
    $0
    From related orgs
    $148,349
    Other
    $4,360
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,042 related
    Bonus
    $0 + $23,831 related
    Other
    $0 + $14,476 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,360 related
    Filer's total
    $0 + $152,709 related

  • Joan Wetzel

    VP, HR & ORG. DEV.

    Total calculated
    $196,611
    From this org
    $0
    From related orgs
    $169,795
    Other
    $26,816
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,649 related
    Bonus
    $0 + $25,146 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,816 related
    Filer's total
    $0 + $196,611 related

  • Beverly Edwards

    VP, RESIDENT HEALTHCARE

    Total calculated
    $205,105
    From this org
    $0
    From related orgs
    $201,997
    Other
    $3,108
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,235 related
    Bonus
    $0 + $28,762 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,108 related
    Filer's total
    $0 + $205,105 related

  • Bryan Reynolds

    VP, MARKETING

    Total calculated
    $170,868
    From this org
    $0
    From related orgs
    $146,738
    Other
    $24,130
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,269 related
    Bonus
    $0 + $21,469 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,130 related
    Filer's total
    $0 + $170,868 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
EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: -COMPENSATION SURVEY OR STUDY -COMPENSATION COMMITTEE -APPROVAL BY THE BOARD OR 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

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.

  • EPISCOPAL CHURCH HOME SHORT FUND

    T · TRUST · KY · 100% owned · share of assets $123,461

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349306193

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