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Nonprofiteer
← MON ELDER SERVICES INC

Form 990 for tax year 2024

Filed by MON ELDER SERVICES INC.

Totals

Total revenue
$7,092,283
Total expenses
$6,381,195
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,368,394
Investment income
$683,993
Other revenue
$39,896
Total assets, end of year
$44,549,489
Total liabilities, end of year
$24,283,446
Net assets or fund balances, end of year
$20,266,043
Program services expenses (Part IX)
$4,535,553
Management and general expenses
$1,845,642
Fundraising expenses
$0
Program service expenses (Part III)
$4,535,553

Program services were 71.1% 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.

  • 2a · Program service revenue: ROOM AND BOARD

    total $5,877,735 · related or exempt $5,877,735

  • 2b · Program service revenue: RESIDENT SERVICES

    total $490,659 · related or exempt $490,659

  • 3 · Investment income

    total $636,640 · excluded $636,640

  • 7a · Gross sales of assets other than inventory

    securities $111,984

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

    securities $25,842 · other assets $38,789

  • 7c · Gain or loss

    securities $86,142 · other assets -$38,789

  • 7d · Net gain or loss

    total $47,353 · excluded $47,353

  • 11a · Other revenue: SETTLEMENT REVENUE

    total $38,478 · related or exempt $38,478

  • 11b · Other revenue: CAFETERIA/VENDING

    total $1,418 · excluded $1,418

  • 11e · Other revenue, total

    $39,896

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,787,643 · program services $2,112,713 · management and general $674,930

  • 9 · Other employee benefits

    total $285,822 · program services $216,620 · management and general $69,202

  • 10 · Payroll taxes

    total $204,115 · program services $163,292 · management and general $40,823

  • 11f · Fees: investment management

    total $56,834 · management and general $56,834

  • 11g · Fees: other

    total $966,706 · program services $775,365 · management and general $191,341

  • 12 · Advertising and promotion

    total $33,336 · program services $33,336

  • 13 · Office expenses

    total $44,530 · program services $35,624 · management and general $8,906

  • 16 · Occupancy

    total $348,902 · program services $257,232 · management and general $91,670

  • 17 · Travel

    total $5,072 · program services $5,072

  • 19 · Conferences, conventions and meetings

    total $90 · program services $90

  • 20 · Interest

    total $146,705 · management and general $146,705

  • 22 · Depreciation, depletion and amortization

    total $880,944 · program services $704,755 · management and general $176,189

  • 23 · Insurance

    total $76,058 · program services $76,058

  • 24a · Other expenses: MANAGEMENT FEES

    total $362,092 · management and general $362,092

  • 24b · Other expenses: DIETARY RELATED EXPENSE

    total $50,800 · program services $42,041 · management and general $8,759

  • 24c · Other expenses: SALES TAX

    total $49,880 · program services $49,880

  • 24d · Other expenses: MEDICAL EQUIPMENT

    total $38,811 · program services $31,811 · management and general $7,000

  • 24e · All other expenses

    total $42,855 · program services $31,664 · management and general $11,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,113 · end of year $621

  • 2 · Savings and temporary cash investments

    beginning of year $259,733 · end of year $2,097,092

  • 4 · Accounts receivable

    beginning of year $61,038 · end of year $56,709

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

    $20,358,728

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

    $1,821,674

  • 10c · Land, buildings and equipment, net

    beginning of year $19,274,455 · end of year $18,537,054

  • 11 · Investments: publicly traded securities

    beginning of year $20,611,797 · end of year $22,782,402

  • 15 · Other assets

    beginning of year $174,094 · end of year $1,075,611

  • 17 · Accounts payable and accrued expenses

    beginning of year $521,903 · end of year $489,297

  • 19 · Deferred revenue

    beginning of year $1,747,038 · end of year $1,866,599

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,885,212 · end of year $7,460,087

  • 25 · Other liabilities

    beginning of year $12,398,830 · end of year $14,467,463

  • 27 · Net assets without donor restrictions

    beginning of year $18,044,247 · end of year $20,266,043

Mission and programs · 2024

Mission

TO BE THE SENIOR LIVING COMMUNITY OF CHOICE IN MONONGALIA COUNTY. THE RESPECT, TRUST, AND FRIENDSHIP OF OUR RESIDENTS WILL BE EARNED EVERY DAY.

Activities or mission (Part I)

TO BE THE SENIOR LIVING COMMUNITY OF CHOICE IN MONONGALIA COUNTY. THE RESPECT, TRUST AND FRIENDSHIP OF OUR RESIDENTS WILL BE EARNED EVERY DAY.

  • CONTINUING CARE RETIREMENT VILLAGE CONSISTING OF 90 INDEPENDENT LIVING APARTMENTS, 40 ASSISTED LIVING UNITS, AND COMMON SUPPORT AREAS ON 11 ACRES.

    Expenses $4,535,553 · Revenue $6,406,872

As filed on the 2024 return.

Listed in Part VII

  • DAVID L RAMSEY

    DIRECTOR & VANDALIA CEO

    Total calculated
    $2,058,561
    From this org
    $0
    From related orgs
    $1,926,954
    Other
    $131,607
    Hours/week
    1 + 66 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,051,150 related
    Bonus
    $0 + $619,074 related
    Other
    $0 + $256,730 related
    Deferred
    $0 + $79,545 related
    Nontaxable benefits
    $0 + $52,062 related
    Filer's total
    $0 + $2,058,561 related

  • DAVID GOLDBERG

    DIRECTOR & MHS CEO

    Total calculated
    $1,047,723
    From this org
    $0
    From related orgs
    $996,584
    Other
    $51,139
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,828 related
    Bonus
    $0 + $241,048 related
    Other
    $0 + $18,708 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,339 related
    Filer's total
    $0 + $1,047,723 related

  • ED BOYLE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • JOHN LAW CPA

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KATHY MCNEILL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5.5 related

  • GREGORY CUNNINGHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • HUGH HITCHCOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • JOHN KABLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARK JOHNSON MD

    DIRECTOR (END 05/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NATALIE STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RAY THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RODNEY BEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RONALD G STOVASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • SUSAN CAPELLE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILLIAM HARTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JEANETTE LANCASTER

    EXECUTIVE DIRECTOR

    Total calculated
    $156,383
    From this org
    $40,992
    From related orgs
    $95,547
    Other
    $19,844
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $36,902 + $90,500 related
    Bonus
    $0
    Other
    $4,090 + $5,047 related
    Deferred
    $1,508 + $3,624 related
    Nontaxable benefits
    $4,389 + $10,323 related
    Filer's total
    $46,889 + $109,494 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

  • 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
THE CEO'S COMPENSATION IS PAID BY MONONGALIA HEALTH SYSTEM. MONONGALIA HEALTH SYSTEM USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
457(F) INELIGIBLE DEFERRED COMPENSATION PLAN - A 457 F PLAN IS OFFERED TO CERTAIN MANAGEMENT AND/OR HIGHLY COMPENSATED EMPLOYEES TO OFFER THOSE EMPLOYEES A DEFERRED COMPENSATION OPPORTUNITY. THE PLAN IS INTENDED TO BE A "TOP-HAT PLAN", OR UNFUNDED DEFERRED COMPENSATION PLAN MAINTAINED FOR A SELECT GROUP OF EMPLOYEES. PARTICIPANTS MAY BECOME VESTED IN AMOUNTS CREDITED ON JANUARY 1 ELECTED BY THE PARTICIPANT AT THE TIME THE INITIAL DEFERRAL WAS ELECTED. A PARTICIPANT SHALL BECOME FULLY VESTED UPON DEATH, DISABILITY, ATTAINMENT OF AGE 60, OR SEPARATION OF SERVICE, AS DEFINED BY THE PLAN. ANY UNVESTED CONTRIBUTIONS SHALL BE FORFEITED TO THE PLAN OR EMPLOYER. FOR 2024: PER BENEFITS - NO DISTRIBUTIONS / PAYMENTS WERE MADE FROM THE PLAN; DAVID GOLDBERG WAS THE ONLY PARTICIPANT

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349324144

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