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Nonprofiteer
← SPRING RIVER CHRISTIAN VILLAGE INC 3600 E THIRD

Form 990 for tax year 2023

Filed by SPRING RIVER CHRISTIAN VILLAGE INC 3600 E THIRD.

Totals

Total revenue
$3,612,669
Total expenses
$6,233,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,545,170
Investment income
-$28,687
Other revenue
$96,186
Total assets, end of year
$6,584,030
Total liabilities, end of year
$25,959,002
Net assets or fund balances, end of year
-$19,374,972
Program services expenses (Part IX)
$5,352,101
Management and general expenses
$881,623
Fundraising expenses
$0
Program service expenses (Part III)
$5,352,101

Program services were 85.9% 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: SENIOR LIVING UNITS

    total $2,817,724 · related or exempt $2,817,724

  • 2b · Program service revenue: INDEPENDENT RETIREMENT APARTMENTS

    total $716,719 · related or exempt $716,719

  • 2c · Program service revenue: NURSING HOME REVENUE

    total $10,727 · related or exempt $10,727

  • 3 · Investment income

    total $18,754 · excluded $18,754

  • 7a · Gross sales of assets other than inventory

    securities $1,174,164

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

    securities $1,221,605

  • 7c · Gain or loss

    securities -$47,441

  • 7d · Net gain or loss

    total -$47,441 · excluded -$47,441

  • 11a · Other revenue: SECURITY DEPOSIT

    total $57,500 · excluded $57,500

  • 11b · Other revenue: BEAUTY SHOP REVENUE

    total $18,712 · excluded $18,712

  • 11c · Other revenue: DISCOUNTS

    total $8,773 · excluded $8,773

  • 11d · All other revenue

    total $11,201 · excluded $11,201

  • 11e · Other revenue, total

    $96,186

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,263,925 · program services $1,960,497 · management and general $303,428

  • 8 · Pension plan contributions

    total $9,498 · management and general $9,498

  • 9 · Other employee benefits

    total $520,549 · program services $479,757 · management and general $40,792

  • 10 · Payroll taxes

    total $169,748 · program services $155,734 · management and general $14,014

  • 11a · Fees: management

    total $216,305 · management and general $216,305

  • 11b · Fees: legal

    total $11,826 · program services $11,640 · management and general $186

  • 11f · Fees: investment management

    total $2,594 · management and general $2,594

  • 11g · Fees: other

    total $258,242 · program services $182,370 · management and general $75,872

  • 12 · Advertising and promotion

    total $111,395 · program services $111,395

  • 13 · Office expenses

    total $148,188 · program services $95,848 · management and general $52,340

  • 14 · Information technology

    total $87,145 · program services $87,145

  • 16 · Occupancy

    total $471,712 · program services $421,801 · management and general $49,911

  • 17 · Travel

    total $13,089 · program services $7,997 · management and general $5,092

  • 20 · Interest

    total $468,730 · program services $430,115 · management and general $38,615

  • 22 · Depreciation, depletion and amortization

    total $706,527 · program services $648,935 · management and general $57,592

  • 23 · Insurance

    total $409,858 · program services $409,858

  • 24a · Other expenses: RAW FOOD (DIETARY)

    total $266,432 · program services $266,432

  • 24b · Other expenses: MEDICAL SERVICES

    total $55,362 · program services $55,362

  • 24c · Other expenses: BAD DEBT

    total $27,194 · program services $27,194

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,454 · management and general $8,454

  • 24e · All other expenses

    total $6,951 · program services $21 · management and general $6,930

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $110,951 · end of year $40,098

  • 4 · Accounts receivable

    beginning of year $151,173 · end of year $383,188

  • 8 · Inventories for sale or use

    beginning of year $6,480 · end of year $4,886

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,063 · end of year $65,853

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

    $19,544,665

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

    $13,720,085

  • 10c · Land, buildings and equipment, net

    beginning of year $6,438,490 · end of year $5,824,580

  • 11 · Investments: publicly traded securities

    beginning of year $264,028 · end of year $147,761

  • 15 · Other assets

    beginning of year $74,187 · end of year $117,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $456,804 · end of year $677,109

  • 19 · Deferred revenue

    beginning of year $683,029 · end of year $568,620

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,725,498 · end of year $9,664,406

  • 25 · Other liabilities

    beginning of year $13,043,335 · end of year $15,048,867

  • 27 · Net assets without donor restrictions

    beginning of year -$16,833,774 · end of year -$19,376,497

  • 28 · Net assets with donor restrictions

    beginning of year $6,480 · end of year $1,525

Mission and programs · 2023

Mission

CHRISTIAN HORIZONS EMPOWERS OLDER ADULTS IN MIND, BODY, AND SPIRIT THROUGH FAITH-LED SERVICE. OUR SERVICES ARE DRIVEN BY OUR F.A.I.T.H.-LED VALUES WHICH INCLUDE: FUN - WE FOSTER PERSONALIZED EXPERIENCES FILLED WITH JOY FOR THOSE WE SERVE, APPRECIATION - WE CELEBRATE GOD'S DISTINCTIVE GIFTS OF TALENT, WISDOM AND BEAUTY IN EVERY INDIVIDUAL, INSPIRATION - WE LOVINGLY SHARE CHRIST'S TRUTH WITH OTHERS, TRANSPARENCY - WE WORK WITH OPENNESS AND ACCOUNTABILITY, HEART - WE SERVE WITH PASSION.

Activities or mission (Part I)

CHRISTIAN HORIZONS EMPOWERS OLDER ADULTS IN MIND, BODY, AND SPIRIT THROUGH FAITH-LED SERVICE.

  • SPRING RIVER CHRISTIAN VILLAGE PROVIDES QUALITY CARE TO SENIORS IN A CHRISTIAN ENVIRONMENT. THE OPERATIONS INCLUDE 120 LICENSED SKILLED NURSING CARE BEDS, 67 ASSISTED LIVING UNITS, AND 38 INDEPENDENT LIVING APARTMENTS AND GARDEN HOMES. THE ORGANIZATION ALSO SERVED 67 RESIDENTS IN ASSISTED LIVING AND 38 RESIDENTS IN INDEPENDENT LIVING APARTMENTS AND GARDEN HOMES DURING FISCAL YEAR 2024. IN FYE 2023 SPRING RIVER CHRISTIAN VILLAGE CLOSED THE SKILLED NURSING FACILITY.

    Expenses $5,352,101 · Revenue $3,545,170

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NICK FILING

    BOARD MEMBER - CHAIRMAN

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • DON FITZGERALD

    BOARD MEMBER - VICE PRESIDENT

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • BILLY CARTER

    BOARD MEMBER - TREASURER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • SCOTT WILLIAMS

    BOARD MEMBER - SECRETARY

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • TIMOTHY BURRELL

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • TERRY GOODNER

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • DOUG WILEY

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • SUSAN KLEIN

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • THOMAS KERINS

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • STEVE GNUSE

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • BRENDA EDEN

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • DAVID SANDEFUR

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • MARCUS THOMAS

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • JEAN DUNAWAY

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • MICHAEL MORBECK

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • JOHN ALLEN BURNETT

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    0.3 + 2.7 related

  • CHUCK SCHMITZ

    CFO

    Total calculated
    $428,754
    From this org
    $0
    From related orgs
    $390,150
    Other
    $38,604
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,264 related
    Bonus
    $0
    Other
    $0 + $12,886 related
    Deferred
    $0 + $15,500 related
    Nontaxable benefits
    $0 + $23,104 related
    Filer's total
    $0 + $428,754 related

  • KATHLEEN BERTRAM

    CEO

    Total calculated
    $439,840
    From this org
    $0
    From related orgs
    $388,112
    Other
    $51,728
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $388,112 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,500 related
    Nontaxable benefits
    $0 + $36,228 related
    Filer's total
    $0 + $439,840 related

  • BARBARA SHEPARD

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $332,228
    From this org
    $0
    From related orgs
    $304,472
    Other
    $27,756
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,472 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,500 related
    Nontaxable benefits
    $0 + $12,256 related
    Filer's total
    $0 + $332,228 related

  • DONALD J BELL

    FORMER CEO

    Total calculated
    $521,210
    From this org
    $0
    From related orgs
    $518,413
    Other
    $2,797
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,621 related
    Bonus
    $0
    Other
    $0 + $384,792 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,797 related
    Filer's total
    $0 + $521,210 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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)

PART I, LINE 3
COMPENSATION OF THE ORGANIZATION'S CEO IS ESTABLISHED BY A RELATED ORGANIZATION, MIDWEST CHRISTIAN VILLAGES. MIDWEST CHRISTIAN VILLAGES USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A
DONALD BELL RECEIVED $384,792 UPON SEPARATION FROM SERVICE.

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
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202541219349300844

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