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← PALM SHORES RETIREMENT COMMUNITY INC

Form 990 for tax year 2022

Filed by PALM SHORES RETIREMENT COMMUNITY INC.

Totals

Total revenue
$16,542,184
Total expenses
$16,383,630
Contributions and grants received
$62,673
Grants paid
$0
Program services expenses (Part IX)
$13,011,181
Management and general expenses
$3,301,611
Fundraising expenses
$70,838
Program service expenses (Part III)
$13,011,181

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN HILLENMEYER

    CHAIRMAN

    Total calculated
    $0

  • TERENCE ROGERS

    CEO/PRESIDEN

    Total calculated
    $700,873
    From this org
    $0
    From related orgs
    $664,385
    Other
    $36,488

    Schedule J breakdown matched by us

    Base
    not reported + $568,283 related
    Bonus
    not reported + $76,309 related
    Other
    not reported + $19,793 related
    Deferred
    not reported + $24,156 related
    Nontaxable benefits
    not reported + $12,332 related
    Filer's total
    not reported + $700,873 related

  • HENRY T KEITH

    CFO/TREASUR/

    Total calculated
    $555,037
    From this org
    $0
    From related orgs
    $530,394
    Other
    $24,643

    Schedule J breakdown matched by us

    Base
    not reported + $454,118 related
    Bonus
    not reported + $50,447 related
    Other
    not reported + $25,829 related
    Deferred
    not reported + $13,663 related
    Nontaxable benefits
    not reported + $10,980 related
    Filer's total
    not reported + $555,037 related

  • GARRY HENNIS

    COO/EXEC VP

    Total calculated
    $485,460
    From this org
    $0
    From related orgs
    $464,464
    Other
    $20,996

    Schedule J breakdown matched by us

    Base
    not reported + $399,639 related
    Bonus
    not reported + $42,266 related
    Other
    not reported + $22,559 related
    Deferred
    not reported + $10,016 related
    Nontaxable benefits
    not reported + $10,980 related
    Filer's total
    not reported + $485,460 related

  • MEGAN FAUBEL

    SECRETARY

    Total calculated
    $0

  • MERRILYN TOERNER

    DIRECTOR OF

    Total calculated
    $199,684
    From this org
    $191,651
    From related orgs
    $0
    Other
    $8,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,426
    Bonus
    $62,900
    Other
    $43,325
    Deferred
    $5,204
    Nontaxable benefits
    $2,829
    Filer's total
    $199,684

  • ALPHONSE JOHNSON

    DIRECTOR OF

    Total calculated
    $175,898
    From this org
    $162,236
    From related orgs
    $0
    Other
    $13,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,400
    Bonus
    $19,375
    Other
    $20,461
    Deferred
    $4,783
    Nontaxable benefits
    $8,879
    Filer's total
    $175,898

  • KEVIN NICHOLS

    ADMISSION CO

    Total calculated
    $131,214
    From this org
    $121,821
    From related orgs
    $0
    Other
    $9,393
    Hours/week
    40

  • SAMANTHA BRUNER

    HR DIRECTOR

    Total calculated
    $109,257
    From this org
    $104,131
    From related orgs
    $0
    Other
    $5,126
    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 — 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)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR THE COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND 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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 February 2024
IRS schema version
2022v5.0
Source object
202410449349300701

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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