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Nonprofiteer
← CLARK RETIREMENT COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by CLARK RETIREMENT COMMUNITY FOUNDATION.

Totals

Total revenue
$924,012
Total expenses
$864,123
Contributions and grants received
$584,262
Grants paid
$136,946
Program service revenue
$0
Investment income
$273,054
Other revenue
$66,696
Total assets, end of year
$13,618,540
Total liabilities, end of year
$267,229
Net assets or fund balances, end of year
$13,351,311
Program services expenses (Part IX)
$713,001
Management and general expenses
$151,122
Fundraising expenses
$0
Program service expenses (Part III)
$713,001

Program services were 82.5% 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.

  • 1c · Fundraising events

    $22,450

  • 1f · All other contributions, gifts and grants

    $561,812

  • 3 · Investment income

    total $129,909 · excluded $129,909

  • 7a · Gross sales of assets other than inventory

    securities $143,145

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

    securities $0

  • 7c · Gain or loss

    securities $143,145

  • 7d · Net gain or loss

    total $143,145 · excluded $143,145

  • 8a · Fundraising events: gross income

    $105,296

  • 8a · Fundraising events: contributions included on line 1c

    $22,450

  • 8b · Fundraising events: direct expenses

    $38,600

  • 8c · Net income from fundraising events

    total $66,696 · excluded $66,696

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,946 · program services $136,946

  • 11f · Fees: investment management

    total $58,073 · management and general $58,073

  • 11g · Fees: other

    total $69,926 · program services $65,188 · management and general $4,738

  • 12 · Advertising and promotion

    total $34,168 · program services $34,168

  • 13 · Office expenses

    total $1,849 · program services $14 · management and general $1,835

  • 17 · Travel

    total $2,039 · program services $372 · management and general $1,667

  • 19 · Conferences, conventions and meetings

    total $695 · program services $361 · management and general $334

  • 24a · Other expenses: RESTRICTED GIFTS

    total $294,468 · program services $250,122 · management and general $44,346

  • 24b · Other expenses: ALLOCATED WAGES

    total $167,404 · program services $142,193 · management and general $25,211

  • 24c · Other expenses: TEMPORARY RESTRICTED FU

    total $49,773 · program services $42,277 · management and general $7,496

  • 24d · Other expenses: ACTUARIAL ADJUSTMENTS

    total $19,996 · program services $16,985 · management and general $3,011

  • 24e · All other expenses

    total $28,786 · program services $24,375 · management and general $4,411

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $171,572 · end of year $315,090

  • 3 · Pledges and grants receivable

    beginning of year $391,966 · end of year $227,514

  • 4 · Accounts receivable

    beginning of year $264 · end of year $7,316

  • 11 · Investments: publicly traded securities

    beginning of year $6,439,517 · end of year $7,324,293

  • 12 · Investments: other securities

    beginning of year $5,629,944 · end of year $5,744,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,206 · end of year $0

  • 25 · Other liabilities

    beginning of year $275,391 · end of year $267,229

  • 27 · Net assets without donor restrictions

    beginning of year $4,635,959 · end of year $3,146,724

  • 28 · Net assets with donor restrictions

    beginning of year $7,673,707 · end of year $10,204,587

Mission and programs · 2023

Mission

FOR CLARK RETIREMENT COMMUNUITY, INC., BUILD ENDOWMENT FUNDS FOR BENEVOLENT CARE, CAPITAL NEEDS AND COMMUNITY NEEDS, SPONSOR SPECIAL ACTIVITIES AND PROGRAMS FOR THE COMMUNITY AT LARGE RELATING TO THE HEALTH CARE AND WELFARE OF SENIOR CITIZENS AND THE ELDERLY, RAISE FUNDS THROUGH ANNUAL DRIVES, PLANNED GIVING, AND SPECIAL EVENTS, COORDINATE ALL PUBLIC RELATIONS ACTIVITIES WITH THE LOCAL COMMUNITY AND PUBLICATIONS ON BEHALF OF CLARK RETIREMENT COMMUNITY, INC., AND IMPROVE THE RELATIONSHIP BETWEEN CLARK RETIREMENT COMMUNITY, INC., AND THE UNITED METHODIST CHURCH.

Activities or mission (Part I)

TO RECEIVE AND ADMINISTER FUNDS TO FURTHER THE MISSION OF CLARK RETIREMENT COMMUNITY, INC.

  • RECEIVED AND ADMINISTERED FUNDS FOR THE SUPPORT OF CLARK RETIREMENT COMMUNITY, INC. RESIDENTS REPRESENTING A TOTAL OF $568,000 IN BENEVOLENCE CARE BROKEN DOWN AS FOLLOWS: (1) MEDICAID $438,000 (2) ASSISTED AND INDEPENDENT LIVING $130,000.

    Expenses $713,001 · Grants $136,946

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

Listed in Part VII

  • Percell Smith

    BOARD TRUSTEE - VP OP - CLARK/BHI

    Total calculated
    $98,318
    From this org
    $0
    From related orgs
    $89,231
    Other
    $9,087
    Hours/week
    1 + 41 related

  • Roger Weideman II

    BOARD TRUSTEE - CFO - BHI

    Total calculated
    $404,827
    From this org
    $0
    From related orgs
    $358,586
    Other
    $46,241
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,586 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $16,268 related
    Nontaxable benefits
    $0 + $29,973 related
    Filer's total
    $0 + $404,827 related

  • John Dattilo

    BOARD TRUSTEE - CEO - BHI

    Total calculated
    $452,741
    From this org
    $0
    From related orgs
    $404,814
    Other
    $47,927
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,814 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $17,549 related
    Nontaxable benefits
    $0 + $30,378 related
    Filer's total
    $0 + $452,741 related

  • Judy Welch

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Novakoski

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Raymond

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Nichols

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michele McIsaac

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Lloyd

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathy Laidlaw

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ginny Postma

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Huff

    BOARD TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Fitzgerald

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Custer

    BOARD TRUSTEE - VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pat Waring

    BOARD TRUSTEE - CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jill Vanwyk

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chad Sutliffe

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathy Holt

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Priscilla Kimboko

    BOARD TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Abbott

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Millard

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Miller

    BOARD TRUSTEE - EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • John Wert

    BOARD TRUSTEE - EMERITUS

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
METHODS USED TO DETERMINE COMPENSATION: COMPENSATION PAID BY BHI RETIREMENT COMMUNITIES IS DETERMINED BY THE REVIEW AND APPROVAL OF THE BHI SENIOR LIVING BOARD WHICH INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: A 457(F) DEFERRED COMPENSATION PLAN WAS SET UP FOR JOHN DATILLO AND ROGER WEIDEMAN IN APRIL OF 2019. JOHN DATILLO'S PLAN BEGINS VESTING IN 2031 AND ROGER WEIDEMAN'S PLAN BEGINS VESTING IN 2034.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WESLEY MANOR SOUTHSIDE LP

    RETIRE LIVING · IN · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SLDEVELOPMENT INC

    C · GOLF COURSE · IN · controlled entity

  • BHI HOME CARE INC

    C · HOME CARE · IN · controlled entity

  • 1546 SHERMAN STREET LLC

    C · INVESTMENT COMPANY · MI · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202433099349303303

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