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← PROVIDENCE PLACE ASSISTED LIVING INC

Form 990 for tax year 2022

Filed by PROVIDENCE PLACE ASSISTED LIVING INC.

Totals

Total revenue
$4,561,352
Total expenses
$5,224,763
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,285,310
Investment income
$31,753
Other revenue
$244,289
Total assets, end of year
$5,539,930
Total liabilities, end of year
$5,982,348
Net assets or fund balances, end of year
-$442,418
Program services expenses (Part IX)
$4,042,596
Management and general expenses
$1,182,167
Fundraising expenses
$0
Program service expenses (Part III)
$4,042,596

Program services were 77.4% 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.

  • 2a · Program service revenue: ROOM AND BOARD

    total $4,285,310 · related or exempt $4,285,310

  • 3 · Investment income

    total $44,304 · excluded $44,304

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

    other assets $12,551

  • 7c · Gain or loss

    other assets -$12,551

  • 7d · Net gain or loss

    total -$12,551 · excluded -$12,551

  • 11a · Other revenue: MISCELLANEOUS

    total $244,289 · related or exempt $244,289

  • 11e · Other revenue, total

    $244,289

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,486 · management and general $77,486

  • 7 · Other salaries and wages

    total $1,873,513 · program services $1,143,634 · management and general $729,879

  • 9 · Other employee benefits

    total $99,562 · program services $69,693 · management and general $29,869

  • 10 · Payroll taxes

    total $147,259 · program services $103,081 · management and general $44,178

  • 11a · Fees: management

    total $257,119 · management and general $257,119

  • 11b · Fees: legal

    total $7,161 · management and general $7,161

  • 11c · Fees: accounting

    total $45,137 · program services $22,237 · management and general $22,900

  • 11g · Fees: other

    total $40,062 · program services $40,062

  • 12 · Advertising and promotion

    total $16,540 · program services $16,540

  • 13 · Office expenses

    total $64,722 · program services $64,722

  • 16 · Occupancy

    total $153,372 · program services $153,372

  • 20 · Interest

    total $404,405 · program services $404,405

  • 22 · Depreciation, depletion and amortization

    total $261,326 · program services $261,326

  • 23 · Insurance

    total $122,410 · program services $122,410

  • 24a · Other expenses: ANCILLARY EXPENSES

    total $885,169 · program services $885,169

  • 24b · Other expenses: CONTRACT SERVICES

    total $576,840 · program services $576,840

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $158,559 · program services $158,559

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $13,575 · management and general $13,575

  • 24e · All other expenses

    total $20,546 · program services $20,546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $564,055 · end of year $218,743

  • 2 · Savings and temporary cash investments

    beginning of year $1,000 · end of year $1,000

  • 4 · Accounts receivable

    beginning of year $567,161 · end of year $88,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,355 · end of year $34,205

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

    $8,618,171

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

    $3,745,682

  • 10c · Land, buildings and equipment, net

    beginning of year $5,060,017 · end of year $4,872,489

  • 14 · Intangible assets

    beginning of year $54,569 · end of year $47,818

  • 15 · Other assets

    beginning of year $298,063 · end of year $276,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,951 · end of year $240,388

  • 19 · Deferred revenue

    beginning of year $244,958 · end of year $5,623

  • 23 · Secured mortgages and notes payable

    beginning of year $5,872,851 · end of year $5,712,027

  • 25 · Other liabilities

    beginning of year $14,467 · end of year $24,310

  • 27 · Net assets without donor restrictions

    beginning of year $220,993 · end of year -$442,418

Mission and programs · 2022

Mission

TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRTUAL GROWTH AND DEVELOPMENT.

  • PROVIDING HOUSING AND SENIOR SERVICES THROUGH INNOVATIVE MODELS AND STATE OF THE ART CARE SYSTEMS THAT MAXIMIZE FUNCTIONAL ABILITIES AND SPIRITUAL DEVELOPMENT OF THE RESIDENTS AND PROGRAM PARTICIPANTS IN A CHRISTIAN ENVIRONMENT. THE PRIMARY SERVICES PROVIDED ARE ASSISTED LIVING SERVICES AND MEMORY CARE. 55,170 SQ. FT. OF LIVING SPACE, MEMORY CARE CENTER PROVIDING THERAPEUTIC CARE FOR ALZHEIMER'S/DEMENTIA RESIDENTS, PRIVATE AND SEMI-PRIVATE ROOMS AND ON SITE PHYSICAL THERAPY.

    Expenses $4,042,596 · Revenue $4,529,599

As filed on the 2022 return.

Listed in Part VII

  • Terry Miller

    PRESIDENT/CEO

    Total calculated
    $313,769
    From this org
    $0
    From related orgs
    $312,351
    Other
    $1,418
    Hours/week
    4 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,351 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,418 related
    Filer's total
    $0 + $313,769 related

  • Penny Cates

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3.14

  • Ed Winslow

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.14

  • Craig Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • Thomas Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • C Norwood Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • Regina Sharrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.14

  • Barry Yates

    CFO

    Total calculated
    $395,985
    From this org
    $0
    From related orgs
    $351,031
    Other
    $44,954
    Hours/week
    5 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,031 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $44,954 related
    Filer's total
    $0 + $395,985 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

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.

  • WESTCHESTER CHRISTIAN CENTER INC

    C · ACQUISITION, IMPROVEMENT, MAINTENANCE, LEASING OF PROPERTY · NC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349301599

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