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← WALNUT HILLS RETIREMENT COMMUNITIES INC

Form 990 for tax year 2022

Filed by WALNUT HILLS RETIREMENT COMMUNITIES INC.

Totals

Total revenue
$10,367,080
Total expenses
$10,307,491
Contributions and grants received
$1,258,139
Grants paid
$13,523
Program service revenue
$8,828,435
Investment income
$45,367
Other revenue
$235,139
Total assets, end of year
$18,337,517
Total liabilities, end of year
$20,232,339
Net assets or fund balances, end of year
-$1,894,822
Program services expenses (Part IX)
$9,388,341
Management and general expenses
$919,150
Fundraising expenses
$0
Program service expenses (Part III)
$9,388,341

Program services were 91.1% 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.

  • 1e · Government grants (contributions)

    $1,254,958

  • 1f · All other contributions, gifts and grants

    $3,181

  • 2a · Program service revenue: NURSING SERVICES

    total $7,310,072 · related or exempt $7,310,072

  • 2b · Program service revenue: RESIDENT SERVICES

    total $1,518,363 · related or exempt $1,518,363

  • 3 · Investment income

    total $43,148 · excluded $43,148

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $61,685

  • 6c · Rental income or loss

    real property $61,685 · personal property $0

  • 6d · Net rental income or loss

    total $61,685 · excluded $61,685

  • 7a · Gross sales of assets other than inventory

    other assets $2,219

  • 7c · Gain or loss

    other assets $2,219

  • 7d · Net gain or loss

    total $2,219 · excluded $2,219

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: TV/PHONE/MAINTENANCE

    total $120,350 · related or exempt $120,350

  • 11b · Other revenue: TRANSPORTATION INCOME

    total $24,482 · related or exempt $24,482

  • 11c · Other revenue: BEAUTY/BARBER SHOP

    total $18,689 · related or exempt $18,689

  • 11d · All other revenue

    total $9,933 · related or exempt $9,933

  • 11e · Other revenue, total

    $173,454

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,523 · program services $13,523

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,962,658 · program services $3,741,896 · management and general $220,762

  • 8 · Pension plan contributions

    total $118,363 · program services $111,772 · management and general $6,591

  • 9 · Other employee benefits

    total $342,164 · program services $323,110 · management and general $19,054

  • 10 · Payroll taxes

    total $302,293 · program services $285,459 · management and general $16,834

  • 11a · Fees: management

    total $128,100 · management and general $128,100

  • 11b · Fees: legal

    total $15,019 · management and general $15,019

  • 11c · Fees: accounting

    total $39,565 · management and general $39,565

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,346,444 · program services $1,303,157 · management and general $43,287

  • 12 · Advertising and promotion

    total $65,058 · management and general $65,058

  • 13 · Office expenses

    total $636,368 · program services $540,913 · management and general $95,455

  • 14 · Information technology

    total $3,671 · program services $3,120 · management and general $551

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $589,349 · program services $395,726 · management and general $193,623

  • 17 · Travel

    total $18,177 · program services $18,177

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $840,586 · program services $840,586

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $899,281 · program services $899,281

  • 23 · Insurance

    total $47,322 · program services $40,224 · management and general $7,098 · fundraising $0

  • 24a · Other expenses: LICENSE & FEES

    total $425,344 · program services $412,200 · management and general $13,144

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $10,014 · program services $8,512 · management and general $1,502

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $169,763 · program services $169,763

  • 24d · Other expenses: OTHER EXPENSES

    total $334,429 · program services $280,922 · management and general $53,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,640 · end of year $2,078

  • 2 · Savings and temporary cash investments

    beginning of year $1,904,719 · end of year $4,118,420

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $688,671 · end of year $556,307

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $15,411 · end of year $15,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $22,827,380

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

    $10,091,912

  • 10c · Land, buildings and equipment, net

    beginning of year $13,306,389 · end of year $12,735,468

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $731,000 · end of year $731,000

  • 15 · Other assets

    beginning of year $82,946 · end of year $178,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $918,331 · end of year $873,872

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,492,579 · end of year $1,658,354

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,416,157 · end of year $8,181,550

  • 24 · Unsecured notes and loans payable

    beginning of year $4,391,885 · end of year $4,035,878

  • 25 · Other liabilities

    beginning of year $4,775,174 · end of year $5,482,685

  • 27 · Net assets without donor restrictions

    beginning of year -$3,346,296 · end of year -$2,076,862

  • 28 · Net assets with donor restrictions

    beginning of year $82,946 · end of year $182,040

Mission and programs · 2022

Mission

WALNUT HILLS IS A CARING CHRISTIAN COMMUNITY OFFERING LIFE WITH PURPOSE AND HIGH QUALITY RETIREMENT SERVICES WITHIN A BROADER COMMUNITY THAT CARES AND SERVES.

Activities or mission (Part I)

WALNUT HILLS PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICEs, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FYE 06/30/23 AMOUNTED TO $1,071,970

  • NURSING SERVICES - WALNUT HILLS IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 250 RESIDENTS ON A 110-ACRE CAMPUS. WALNUT HILLS' HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING, LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM WALNUT HILLS IF THEIR ASSETS RUN OUT. DURING THE YEAR ENDED JUNE 30, 2023, OVER 12% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE - $1,071,970.

    Expenses $7,198,407 · Grants $13,523 · Revenue $7,310,072

  • RESIDENT & ANCILLARY SERVICES - ASSISTED LIVING APARTMENTS AT WALNUT HILLS ARE OFFERED BASED ON THE SOCIAL MODEL. ASSISTED LIVING HELPS MEET THE DESIRE OF OLDER PERSONS TO AGE IN PLACE WHILE THEY ARE ABLE TO RECEIVE THE CARE AND SUPPORTIVE SERVICES THEY REQUIRE ON A DAILY BASIS. ASSISTED LIVING PROVIDES AN ALTERNATIVE TO NURSING HOME CARE. THE PHILOSOPHY OF ASSISTED LIVING EMPHASIZES PERSONAL DIGNITY, AUTONOMY, INDEPENDENCE, AND PRIVACY. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ADDITIONALLY, THEY HAVE VARIOUS A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES.

    Expenses $2,189,934 · Revenue $1,691,817

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

Listed in Part VII

  • Scott Martin

    TREASURER

    Total calculated
    $211,726
    From this org
    $0
    From related orgs
    $169,330
    Other
    $42,396
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,710 related
    Bonus
    $0 + $11,224 related
    Other
    $0 + $396 related
    Deferred
    $0 + $10,786 related
    Nontaxable benefits
    $0 + $31,610 related
    Filer's total
    $0 + $211,726 related

  • Rydell Bontrager

    SECRETARY

    Total calculated
    $202,492
    From this org
    $0
    From related orgs
    $144,621
    Other
    $57,871
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,203 related
    Bonus
    $0 + $8,280 related
    Other
    $0 + $138 related
    Deferred
    $0 + $14,729 related
    Nontaxable benefits
    $0 + $43,142 related
    Filer's total
    $0 + $202,492 related

  • Aimee Riemke

    ASSISTANT SECRETARY

    Total calculated
    $191,689
    From this org
    $0
    From related orgs
    $136,740
    Other
    $54,949
    Hours/week
    0.2 + 44.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,626 related
    Bonus
    $0 + $10,976 related
    Other
    $0 + $138 related
    Deferred
    $0 + $20,242 related
    Nontaxable benefits
    $0 + $34,707 related
    Filer's total
    $0 + $191,689 related

  • Rob Aneshansel Left 0523

    PRESIDENT

    Total calculated
    $169,696
    From this org
    $0
    From related orgs
    $125,950
    Other
    $43,746
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,692 related
    Bonus
    $0
    Other
    $0 + $258 related
    Deferred
    $0 + $8,100 related
    Nontaxable benefits
    $0 + $35,646 related
    Filer's total
    $0 + $169,696 related

  • Eric Hershberger Start 1122

    ASSISTANT TREASURER

    Total calculated
    $80,916
    From this org
    $0
    From related orgs
    $80,215
    Other
    $701
    Hours/week
    1 + 44 related

  • Dale Shenk Left 1022

    ASSISTANT TREASURER

    Total calculated
    $43,784
    From this org
    $0
    From related orgs
    $43,784
    Other
    $0
    Hours/week
    0.3 + 11.7 related

  • Terry Burkhalter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Coblentz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darlene Finzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Hershberger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carita Keim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellis Miller

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Garrett Roach

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Shetler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marvin Wengerd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Arthur Hamsher

    BOARD MEMBER (LEFT 12/22)

    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

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, PART I
THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. COMPENSATION SURVEY OR STUDY 2. 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

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.

  • GREENCROFT MANAGEMENT INC

    C CORP · MGMT SERVICES · IN · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202401369349304185

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