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Nonprofiteer
← LA POSADA AT PARK CENTRE INC

Form 990 for tax year 2022

Filed by LA POSADA AT PARK CENTRE INC.

Totals

Total revenue
$49,586,496
Total expenses
$71,042,637
Contributions and grants received
$2,768,056
Grants paid
$25,353,588
Program service revenue
$43,240,582
Investment income
$2,570,084
Other revenue
$1,007,774
Total assets, end of year
$365,192,303
Total liabilities, end of year
$323,443,639
Net assets or fund balances, end of year
$41,748,664
Program services expenses (Part IX)
$54,020,037
Management and general expenses
$17,019,402
Fundraising expenses
$3,198
Program service expenses (Part III)
$54,020,037

Program services were 76.0% 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

    $2,768,056

  • 1g · Noncash contributions included above

    $30,200

  • 2a · Program service revenue: MONTHLY SVS FEE

    total $27,821,111 · related or exempt $27,821,111

  • 2b · Program service revenue: HIGH NEEDS & ASST LIVI

    total $10,175,589 · related or exempt $10,175,589

  • 2c · Program service revenue: EARNED ENT FEES

    total $2,999,044 · related or exempt $2,999,044

  • 2d · Program service revenue: HOME & COMMUNITY

    total $1,380,210 · related or exempt $1,380,210

  • 2e · Program service revenue: O/P REHABILITATION

    total $590,304 · related or exempt $590,304

  • 2f · All other program service revenue

    total $274,324 · related or exempt $274,324

  • 3 · Investment income

    total $919,950 · excluded $919,950

  • 7a · Gross sales of assets other than inventory

    securities $11,557,975 · other assets $1,593,296

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

    securities $11,501,137 · other assets $0

  • 7c · Gain or loss

    securities $56,838 · other assets $1,593,296

  • 7d · Net gain or loss

    total $1,650,134 · excluded $1,650,134

  • 11a · Other revenue: JAVA SHOPPE

    total $323,369 · unrelated business $323,369

  • 11b · Other revenue: CATERING

    total $24,596 · related or exempt $24,596

  • 11c · Other revenue: MEDICAL BLDG REV

    total $13,971 · excluded $13,971

  • 11d · All other revenue

    total $645,838 · excluded $645,838

  • 11e · Other revenue, total

    $1,007,774

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,030,507 · program services $25,030,507

  • 2 · Grants to domestic individuals

    total $323,081 · program services $323,081

  • 5 · Compensation of officers, directors and key employees

    total $1,022,545 · program services $620,457 · management and general $402,088

  • 7 · Other salaries and wages

    total $19,063,435 · program services $11,562,319 · management and general $7,501,116

  • 8 · Pension plan contributions

    total $506,823 · program services $308,982 · management and general $197,841

  • 9 · Other employee benefits

    total $3,062,803 · program services $1,872,006 · management and general $1,190,797

  • 10 · Payroll taxes

    total $1,530,092 · program services $928,028 · management and general $602,064

  • 11b · Fees: legal

    total $59,579 · management and general $59,579

  • 11c · Fees: accounting

    total $48,875 · management and general $48,875

  • 11d · Fees: lobbying

    total $4,000 · management and general $4,000

  • 11f · Fees: investment management

    total $253,135 · management and general $253,135

  • 11g · Fees: other

    total $1,485,152 · program services $1,485,152

  • 12 · Advertising and promotion

    total $633,135 · program services $28,239 · management and general $604,896

  • 13 · Office expenses

    total $2,319,310 · program services $750,500 · management and general $1,568,810

  • 14 · Information technology

    total $660,722 · management and general $657,524 · fundraising $3,198

  • 16 · Occupancy

    total $1,677,562 · program services $1,526,364 · management and general $151,198

  • 17 · Travel

    total $324,243 · management and general $324,243

  • 19 · Conferences, conventions and meetings

    total $2,834,937 · program services $2,834,937

  • 20 · Interest

    total $548,028 · management and general $548,028

  • 22 · Depreciation, depletion and amortization

    total $7,436,890 · program services $6,223,785 · management and general $1,213,105

  • 23 · Insurance

    total $961,329 · management and general $961,329

  • 24a · Other expenses: EQUIP REPAIRS & MAINT

    total $491,047 · management and general $491,047

  • 24b · Other expenses: RESIDENTS EXPENSES

    total $363,791 · program services $363,791

  • 24c · Other expenses: TELEPHONE

    total $213,533 · management and general $213,533

  • 24d · Other expenses: ANNUITY PAYMENTS

    total $106,640 · program services $106,640

  • 24e · All other expenses

    total $81,443 · program services $55,249 · management and general $26,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,651,699 · end of year $8,699,857

  • 2 · Savings and temporary cash investments

    beginning of year $1,717,332 · end of year $207,183,192

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $399,046

  • 4 · Accounts receivable

    beginning of year $3,458,287 · end of year $768,053

  • 8 · Inventories for sale or use

    beginning of year $42,039 · end of year $42,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,801 · end of year $639,716

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

    $188,613,659

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

    $79,757,133

  • 10c · Land, buildings and equipment, net

    beginning of year $105,089,471 · end of year $108,856,526

  • 11 · Investments: publicly traded securities

    beginning of year $57,783,279 · end of year $29,980,423

  • 12 · Investments: other securities

    beginning of year $1,246,130 · end of year $1,128,547

  • 13 · Investments: program-related

    beginning of year $597,564 · end of year $565,064

  • 15 · Other assets

    beginning of year $262,647 · end of year $6,929,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,544,412 · end of year $8,064,833

  • 19 · Deferred revenue

    beginning of year $96,551,135 · end of year $97,430,801

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $210,011,483

  • 23 · Secured mortgages and notes payable

    beginning of year $15,037,607 · end of year $194,937

  • 25 · Other liabilities

    beginning of year $3,999,846 · end of year $7,741,585

  • 27 · Net assets without donor restrictions

    beginning of year $55,440,838 · end of year $33,253,289

  • 28 · Net assets with donor restrictions

    beginning of year $7,480,411 · end of year $8,495,375

Mission and programs · 2022

Mission

HOUSING AND HEALTHCARE FOR SENIORS. LA POSADA MAXIMIZES THE HEALTH AND WELL-BEING OF SENIORS.

  • LA POSADA PROVIDED INDEPENDENT APARTMENT AND GARDEN HOME HOUSING WITH DAILY MEALS, CAMPUS CASE MANAGEMENT, ON-CALL EMERGENCY SECURITY & NURSING, WELLNESS CLINICS, HOUSEKEEPING AND LAUNDRY SERVICES, MAINTENANCE SERVICES, TRANSPORTATION, SPECIAL FUNCTIONS, AND ACTIVITIES TO 747 RESIDENTS, WHOSE AVERAGE AGE WAS 85.

    Expenses $33,538,006 · Grants $25,000,275 · Revenue $28,396,088

  • LA POSADA PROVIDED ASSISTED LIVING SUITES TO 245 INDIVIDUALS PROVIDING THEM MORE HEALTH CARE AND ASSISTANCE WITH DAILY ACTIVITIES THAN NEEDED BY THOSE INDIVIDUALS IN THE INDEPENDENT HOUSING. THIS INCLUDES 39 PEOPLE IN A DEDICATED MEMORY CARE FACILITY, 83 IN HIGH ACUITY FACILITY, AND 123 IN A SOCIAL CARE FACILITY.

    Expenses $8,536,521 · Revenue $11,308,854

  • HOME AND COMMUNITY BASED, THE ORGANIZATION PROVIDED 3,506 PERSON DAYS OF ADULT DAY CARE ON SITE FOR MENTALLY FRAIL ELDERLY; PROVIDED 5,970 NO CHARGE SENIOR LUNCHES ON SITE; PROVIDED 8,428 DAYS OF CHILD CARE ON SITE; PROVIDED 9,588 SEARCHES FOR WELL-BEING, MEAL ASSISTANCE & PHYSICAL EXERCISE AND PROVIDED 252 COUNSELING SESSIONS ON SITE. MANY SERVICES ARE SUBSIDIZED BY GRANTS AND DONATIONS AS WELL. THE COMMUNITY CONNECT APPLICATION FOR THE SMART PHONE HAD 5,858 USERS CONNECTING PEOPLE TO AVAILABLE SERVICES IN GREEN VALLEY.

    Expenses $913,362 · Revenue $1,209,987

  • OUTPATIENT CARE WAS PROVIDED FOR 750 PATIENTS AND MORE THAN 30,000 UNITS OF OUTPATIENT THERAPY.

    Expenses $11,032,148 · Grants $353,313 · Revenue $2,350,249

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

Listed in Part VII

  • Joni Condit

    PRESIDENT/CEO

    Total calculated
    $407,588
    From this org
    $375,468
    From related orgs
    $0
    Other
    $32,120
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $337,954
    Bonus
    $37,514
    Other
    $0
    Deferred
    $8,040
    Nontaxable benefits
    $24,080
    Filer's total
    $407,588

  • Jane Lateer

    BOARD TRUSTEE (LEFT 4/22)

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Will Bennett

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Duane Blumberg

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Simon Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Richard Ducote

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Vic Fresolone

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Patty Smallsreed

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Nancy Puckett

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Paul S Ide

    SR VP/CFO/CIO

    Total calculated
    $320,223
    From this org
    $287,154
    From related orgs
    $0
    Other
    $33,069
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $261,252
    Bonus
    $25,902
    Other
    $0
    Deferred
    $8,010
    Nontaxable benefits
    $25,059
    Filer's total
    $320,223

  • John Couture

    SRVP/CHIEF OPERATING OFFICER

    Total calculated
    $176,702
    From this org
    $164,238
    From related orgs
    $0
    Other
    $12,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,238
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,464
    Filer's total
    $176,702

  • Alexis Martinez

    DIRECTOR PUSCH RIDGE / RISK MGT

    Total calculated
    $122,708
    From this org
    $110,906
    From related orgs
    $0
    Other
    $11,802
    Hours/week
    40

  • Steve Kolnacki

    EXEC DIR OPERATIONS

    Total calculated
    $203,094
    From this org
    $169,801
    From related orgs
    $0
    Other
    $33,293
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,726
    Bonus
    $5,075
    Other
    $0
    Deferred
    $6,257
    Nontaxable benefits
    $27,036
    Filer's total
    $203,094

  • Paul Loomans

    VP MARKETING

    Total calculated
    $205,436
    From this org
    $174,770
    From related orgs
    $0
    Other
    $30,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,847
    Bonus
    $16,923
    Other
    $0
    Deferred
    $5,152
    Nontaxable benefits
    $25,514
    Filer's total
    $205,436

  • Jerry Weygint

    DIR INFO TECHNOLOGY

    Total calculated
    $152,526
    From this org
    $126,708
    From related orgs
    $0
    Other
    $25,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,708
    Bonus
    $0
    Other
    $0
    Deferred
    $4,273
    Nontaxable benefits
    $21,545
    Filer's total
    $152,526

  • David Curl

    DIR FACILITIES

    Total calculated
    $145,425
    From this org
    $125,234
    From related orgs
    $0
    Other
    $20,191
    Hours/week
    40

  • Christy Somner

    DIRECTOR CARE MANAGEMENT

    Total calculated
    $128,647
    From this org
    $116,147
    From related orgs
    $0
    Other
    $12,500
    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, 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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
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, SRVP & COO: $ 19,000 PAUL IDE, SRVP & CFO & CIO $ 19,000
PART I, LINE 7
THE ORGANIZATION PROVIDES NON-FIXED PAYMENTS TO EMPLOYEES BASED ON MEETING ORGANIZATIONAL GOALS. THE CEO'S BONUS IS APPROVED BY THE BOARD OF DIRECTORS. OTHER BONUS PAYMENTS ARE AT THE DISCRETION OF THE CEO.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LA POSADA AT PUSCH RIDGE FKA NAKOMA SKY LLC

    HOUSING & HEALTHCARE FOR SENIORS · AZ

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313129349302086

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