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Nonprofiteer
← MEADOWBROOK TERRACE INC

Form 990 for tax year 2024

Filed by MEADOWBROOK TERRACE INC.

Totals

Total revenue
$2,160,012
Total expenses
$3,151,750
Contributions and grants received
$91,803
Grants paid
$0
Program service revenue
$2,031,845
Investment income
$0
Other revenue
$36,364
Total assets, end of year
$7,876,672
Total liabilities, end of year
$3,627,970
Net assets or fund balances, end of year
$4,248,702
Program services expenses (Part IX)
$2,155,445
Management and general expenses
$996,305
Fundraising expenses
$0
Program service expenses (Part III)
$2,155,445

Program services were 68.4% 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)

    $91,803

  • 2a · Program service revenue: NET PATIENT SERVICE RE

    total $2,031,845 · related or exempt $2,031,845

  • 11a · Other revenue: OTHER INCOME

    total $33,541 · related or exempt $33,541

  • 11b · Other revenue: CAFE REVENUE AND MEALS

    total $2,823 · excluded $2,823

  • 11e · Other revenue, total

    $36,364

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,856,107 · program services $1,223,535 · management and general $632,572

  • 9 · Other employee benefits

    total $266,352 · program services $175,578 · management and general $90,774

  • 10 · Payroll taxes

    total $141,992 · program services $93,600 · management and general $48,392

  • 11b · Fees: legal

    total $16,890 · management and general $16,890

  • 11g · Fees: other

    total $128,879 · program services $28,300 · management and general $100,579

  • 12 · Advertising and promotion

    total $14,029 · management and general $14,029

  • 16 · Occupancy

    total $179,762 · program services $157,426 · management and general $22,336

  • 17 · Travel

    total $620 · management and general $620

  • 22 · Depreciation, depletion and amortization

    total $277,675 · program services $277,675

  • 23 · Insurance

    total $37,663 · management and general $37,663

  • 24a · Other expenses: SUPPLIES

    total $205,146 · program services $199,331 · management and general $5,815

  • 24b · Other expenses: OTHER EXPENSES

    total $26,635 · management and general $26,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,316 · end of year $190,199

  • 2 · Savings and temporary cash investments

    beginning of year $33,090 · end of year $29,833

  • 4 · Accounts receivable

    beginning of year $160,582 · end of year $122,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,538 · end of year $5,175

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

    $10,857,228

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

    $3,328,328

  • 10c · Land, buildings and equipment, net

    beginning of year $7,799,684 · end of year $7,528,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,648 · end of year $26,798

  • 19 · Deferred revenue

    beginning of year $57,255 · end of year $118,354

  • 21 · Escrow or custodial account liability

    beginning of year $34,278 · end of year $31,021

  • 25 · Other liabilities

    beginning of year $2,702,589 · end of year $3,451,797

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$991,738

Mission and programs · 2024

Mission

TO PROVIDE A COMFORTABLE SETTING TO ASSIST RESIDENTS WITH MAINTAINING THE NORMALCY OF DAILY ACTIVITIES THAT THEY MAY NOT BE ABLE TO ACHIEVE ON THEIR OWN BY PROVIDING SECURITY 24 HOURS PER DAY WHICH ALLOWS FOR A SAFE AND SECURE LIVING ENVIRONMENT.

Activities or mission (Part I)

TO PROVIDE A COMFORTABLE SETTING TO ASSIST RESIDENTS WITH LIVING COMFORTABLY AND MAINTAINING THE NORMALCY OF DAILY ACTIVITIES THAT THEY MAY NOT BE ABLE TO ACHIEVE ON THEIR OWN BY OFFERING RESIDENCE A SENSE OF INDEPENDENCE, FREEDOM, AND PRIVACY WITH SECURITY 24 HOURS PER DAY WHICH ALLOWS FOR A SAFE AND SECURE LIVING ENVIRONMENT.

  • MEADOWBROOK TERRACE, INC. OPERATES A 60 RESIDENT ASSISTED LIVING FACILITY THAT ALLOWS RESIDENTS TO LEAD AN UNINTERRUPTED LIFESTYLE.

    Expenses $2,155,445 · Revenue $2,065,386

As filed on the 2024 return.

Listed in Part VII

  • Dale Klock

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Adam Fuller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Elliot

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Julie Ward

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Matthew Cervini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rich Duvall

    DIRECTOR, PRESIDENT AND CEO

    Total calculated
    $1,055,536
    From this org
    $0
    From related orgs
    $1,015,873
    Other
    $39,663
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $878,491 related
    Bonus
    $0 + $137,382 related
    Other
    $0
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $32,763 related
    Filer's total
    $0 + $1,055,536 related

  • Jennifer Premo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Bloom

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Heather Saski

    ADMINISTRATOR

    Total calculated
    $165,592
    From this org
    $0
    From related orgs
    $161,361
    Other
    $4,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $161,361 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,231 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $165,592 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

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)

PART I, LINE 3
THE BOARDS OF DIRECTORS OF CARTHAGE AREA HOSPITAL AND CLAXTON-HEPBURN MEDICAL CENTER CONTRACTS WITH AN INDEPENDENT SALARY COMPENSATION SPECIALIST TO ADVISE THEIR EXECUTIVE COMMITTEES ON SETTING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER.

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 partnerships

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

  • NORTH COUNTRY ORTHOPEDIC AMBULATORY SURGERY CENTER LLC

    SURGICAL SERVICES · NY

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349316427

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