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Nonprofiteer
← POSADA LIFE HOLDINGS INC

Form 990 for tax year 2024

Filed by POSADA LIFE HOLDINGS INC.

Totals

Total revenue
$6,512
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,512
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,228,778
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,228,778
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: RENTAL INCOME

    total $6,512 · related or exempt $6,512

Balance sheet

Part X, book values.

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

    $5,228,778

  • 10c · Land, buildings and equipment, net

    beginning of year $5,228,778 · end of year $5,228,778

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,228,778 · end of year $5,228,778

Mission and programs · 2024

Mission

THE PURPOSE OF HOLDINGS IS TO HOLD TITLE TO PROPERTY IN ACCORDANCE WITH SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE INCOME, LESS EXPENSES TO ANY TAX-EXEMPT 501(C)(3) ENTITY WITHIN THE MEANING OF SECTION 501(C)(2).

Activities or mission (Part I)

HOLD TITLE TO CERTAIN PROPERTIES FOR LA POSADA COMMUNITIES, AN ARIZONA NONPROFIT CORPORATION, RECOGNIZED AS A PUBLIC CHARITY UNDER IRC SECTION 501(C)(3), AND LA POSADA AT PARK CENTRE INC., AN ARIZONA NONPROFIT CORPORATION, RECOGNIZED AS A PUBLIC CHARITY UNDER IRC SECTION 501(C)(3).

  • TO HOLD TITLE TO PROPERTY FOR LA POSADA COMMUNITIES.

    Revenue $6,512

As filed on the 2024 return.

Listed in Part VII

  • JONI CONDIT

    PRESIDENT/CEO

    Total calculated
    $455,338
    From this org
    $0
    From related orgs
    $405,572
    Other
    $49,766
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,014 related
    Bonus
    $0 + $41,558 related
    Other
    $0
    Deferred
    $0 + $33,323 related
    Nontaxable benefits
    $0 + $16,443 related
    Filer's total
    $0 + $455,338 related

  • SIMON DAVIS

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • RICHARD DUCOTE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • DUANE BLUMBERG PHD

    DIRECTOR (RETIRED 10/24)

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • NANCY PUCKETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • PATTY SMALLSREED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • JOHN STEPHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • CHRISTOPHER SIMON

    SR VP/CFO

    Total calculated
    $260,076
    From this org
    $0
    From related orgs
    $232,798
    Other
    $27,278
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,127 related
    Bonus
    $0 + $2,671 related
    Other
    $0
    Deferred
    $0 + $6,122 related
    Nontaxable benefits
    $0 + $21,156 related
    Filer's total
    $0 + $260,076 related

  • BETH ERNST

    SVP/COO

    Total calculated
    $355,143
    From this org
    $0
    From related orgs
    $317,656
    Other
    $37,487
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,904 related
    Bonus
    $0 + $23,752 related
    Other
    $0
    Deferred
    $0 + $22,297 related
    Nontaxable benefits
    $0 + $15,190 related
    Filer's total
    $0 + $355,143 related

  • PAUL IDE

    SR VP/CFO/CIO

    Total calculated
    $264,898
    From this org
    $0
    From related orgs
    $258,311
    Other
    $6,587
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,681 related
    Bonus
    $0 + $28,269 related
    Other
    $0 + $103,361 related
    Deferred
    $0 + $5,117 related
    Nontaxable benefits
    $0 + $1,470 related
    Filer's total
    $0 + $264,898 related

  • PAUL LOOMANS

    VP MARKETING

    Total calculated
    $213,739
    From this org
    $0
    From related orgs
    $190,489
    Other
    $23,250
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,446 related
    Bonus
    $0 + $20,043 related
    Other
    $0
    Deferred
    $0 + $5,861 related
    Nontaxable benefits
    $0 + $17,389 related
    Filer's total
    $0 + $213,739 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

The filer's explanations (Part III)

PART 1, LINE 3:
ALL DIRECTORS ARE PAID BY LA POSADA AT PARK CENTRE (LA POSADA) ACCORDING TO THE GUIDELINES OF THE ORGANIZATION'S COMPENSATION PLAN. NONE OF THE COMPENSATION PAID BY LA POSADA IS DIRECTLY RELATED TO THE DUTIES PERFORMED AS DIRECTORS AND OFFICERS OF POSADA LIFE HOLDINGS. THE ORGANIZATION HAS ESTABLISHED AN UNFUNDED 457(B) DEFERRED COMPENSATION PLAN FOR THE ORGANIZATION'S SENIOR MANAGEMENT, WHICH IS BASED ON YEARS OF SERVICE AND A PROJECTED RETIREMENT DATE. BENEFITS ARE PAYABLE UPON TERMS AS STATED IN EACH INDIVIDUAL'S EMPLOYMENT CONTRACT. JONI CONDIT, PRESIDENT & CEO: $ 23,042 PAUL IDE, SR VP, CFO & CIO: $ 3,833 CHRISTOPHER SIMON, SR VP & CFO: $ 1,958 BETH ERNST, SVP & COO: $ 15,375 THE FOLLOWING HAVE RECEIVED PAYMENTS FROM THE ORGANIZATION FOR THEIR 457(B) DEFERRED COMPENSATION PLAN ACCOUNT IN FULL PAYMENT OF FUNDS INVESTED. PAUL IDE, SRVP & CFO & CIO $103,361

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
2024
Filed
18 December 2025
IRS schema version
2024v5.2
Source object
202543529349301619

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