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Nonprofiteer
← PPRC SENIO RLIVING INC

Form 990 for tax year 2022

Filed by PPRC SENIO RLIVING INC.

Totals

Total revenue
$1,196,763
Total expenses
$1,417,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,159,359
Investment income
$0
Other revenue
$37,404
Total assets, end of year
$4,140,062
Total liabilities, end of year
$4,340,031
Net assets or fund balances, end of year
-$199,969
Program services expenses (Part IX)
$971,764
Management and general expenses
$445,856
Fundraising expenses
$0
Program service expenses (Part III)
$971,764

Program services were 68.5% 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: RENTAL REVENUE

    total $1,159,359 · related or exempt $1,159,359

  • 11a · Other revenue: MISCELLANEOUS

    total $37,404 · related or exempt $37,404

  • 11e · Other revenue, total

    $37,404

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 $220,728 · management and general $220,728

  • 9 · Other employee benefits

    total $17,563 · management and general $17,563

  • 10 · Payroll taxes

    total $19,565 · management and general $19,565

  • 11a · Fees: management

    total $59,822 · management and general $59,822

  • 11b · Fees: legal

    total $1,192 · management and general $1,192

  • 11c · Fees: accounting

    total $14,000 · management and general $14,000

  • 11g · Fees: other

    total $35,944 · program services $1,379 · management and general $34,565

  • 12 · Advertising and promotion

    total $3,418 · program services $3,418

  • 13 · Office expenses

    total $24,490 · program services $24,490

  • 16 · Occupancy

    total $134,781 · program services $134,781

  • 20 · Interest

    total $309,186 · program services $309,186

  • 22 · Depreciation, depletion and amortization

    total $272,382 · program services $272,382

  • 23 · Insurance

    total $38,040 · program services $38,040

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $164,086 · program services $164,086

  • 24b · Other expenses: ANCILLARY EXPENSES

    total $16,741 · program services $16,741

  • 24c · Other expenses: TELEPHONE

    total $7,261 · program services $7,261

  • 24d · Other expenses: OTHER ADMIN EXPENSES

    total $935 · management and general $935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,422 · end of year $98,795

  • 4 · Accounts receivable

    beginning of year $1,444 · end of year $12,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,499 · end of year $13,245

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

    $6,206,284

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

    $2,190,795

  • 10c · Land, buildings and equipment, net

    beginning of year $4,148,509 · end of year $4,015,489

  • 14 · Intangible assets

    beginning of year $64,104 · end of year $0

  • 15 · Other assets

    beginning of year $45,215 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,595 · end of year $77,586

  • 19 · Deferred revenue

    beginning of year $0 · end of year $325

  • 23 · Secured mortgages and notes payable

    beginning of year $4,312,915 · end of year $4,249,133

  • 25 · Other liabilities

    beginning of year $6,795 · end of year $12,987

  • 27 · Net assets without donor restrictions

    beginning of year $20,888 · end of year -$199,969

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 SPIRITUAL 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. THE PRIMARY SERVICE PROVIDED IS INDEPENDENT SENIOR LIVING.

    Expenses $971,764 · Revenue $1,196,763

As filed on the 2022 return.

Listed in Part VII

  • 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 M 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

  • TERRY MILLER

    PRESIDENT/CEO

    Total calculated
    $313,769
    From this org
    $0
    From related orgs
    $312,351
    Other
    $1,418
    Hours/week
    3 + 13 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

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3.14

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349301598

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