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Nonprofiteer
← WARTBURG MT VERNON INC

Form 990 for tax year 2022

Filed by WARTBURG MT VERNON INC.

Totals

Total revenue
$20
Total expenses
$65,104
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$20
Other revenue
$0
Total assets, end of year
$22,854,596
Total liabilities, end of year
$22,919,680
Net assets or fund balances, end of year
-$65,084
Program services expenses (Part IX)
$0
Management and general expenses
$65,104
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $20 · excluded $20

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $65,000 · management and general $65,000

  • 13 · Office expenses

    total $104 · management and general $104

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $31,126

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

    $12,923,021

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $12,923,021

  • 15 · Other assets

    beginning of year $0 · end of year $9,900,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,211,834

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $9,931,559

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,776,287

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year -$65,084

Mission and programs · 2022

Mission

TO DEVELOP POLICIES AND PLANS TO INCREASE COORDINATION AMONG ORGANIZATIONS WHICH PROVIDE CARE TO THE AGED AND INFIRM, AND TO ENHANCE THE QUALITY AND COST EFFECTIVENESS OF SERVICES PROVIDED BY SUCH ORGANIZATIONS.

  • TO DEVELOP POLICIES AND PLANS TO INCREASE COORDINATION AMONG ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1) AND SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE WHICH PROVIDE CARE TO THE AGED AND INFIRM AND TO ENHANCE THE QUALITY AND COST EFFECTIVENESS OF SERVICES PROVIDED BY SUCH ORGANIZATIONS TO SUCH AGED AND INFIRM PERSONS AND THE EFFICIENCY WITH WHICH SUCH ORGANIZATIONS PROVIDE SERVICES.

As filed on the 2022 return.

Listed in Part VII

  • ROBERT RANIERI

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • FLOYD V MYERS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • MICHAEL HOLDEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • MR THOMAS A ROTH

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • ANDREA ANSORGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • REV ROBERT BOEHLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • REV SARAH PAYNE BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • MS JEANETTE CARLSON

    BOARD MEMBER, THRU 09/2022

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • MS MAE R CARPENTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • JULIET GRAHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • NANCY HARDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • EAMON KELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • PHILIP ROTHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • JUDY WILLIAMS-DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • DAVID J GENTNER

    PRESIDENT/CEO

    Total calculated
    $553,899
    From this org
    $0
    From related orgs
    $469,722
    Other
    $84,177
    Hours/week
    10 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $432,416 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $22,306 related
    Deferred
    $0 + $4,743 related
    Nontaxable benefits
    $0 + $79,434 related
    Filer's total
    $0 + $553,899 related

  • JOSEPH SESSA

    CFO

    Total calculated
    $296,908
    From this org
    $0
    From related orgs
    $265,994
    Other
    $30,914
    Hours/week
    10 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,286 related
    Bonus
    $0
    Other
    $0 + $3,708 related
    Deferred
    $0 + $2,738 related
    Nontaxable benefits
    $0 + $28,176 related
    Filer's total
    $0 + $296,908 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
COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH. THE POLICY IS AS FOLLOWS: THE WARTBURG ALIGNS ITS COMPENSATION PHILOSOPHY WITH THE OVERALL MISSION AND BUSINESS STRATEGY OF THE ORGANIZATION. EMPLOYEES ARE COMPENSATED FAIRLY WITHOUT REGARD TO AGE, SEX, RACE, COLOR, RELIGION, CREED, NATIONAL ORIGIN, DISABILITY (INCLUDING PREGNANCY DISABILITY), VETERAN OR MILITARY STATUS, MARITAL STATUS, SEXUAL ORIENTATION, CITIZENSHIP STATUS, IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS, AND AS OUTLINED IN HUMAN RESOURCE POLICY. THE COMPENSATION PHILOSOPHY IS DESIGNED TO PROVIDE COMPETITIVE COMPENSATION POSITIONING COMPARED TO PEER GROUPS/OTHER HEALTHCARE ORGANIZATIONS SIMILAR IN SIZE AND PROGRAM OFFERING. IT CONSIDERS EXTERNAL MARKET DATA AGAINST INTERNAL STRUCTURE, RECOGNIZES THE UNIQUE RELATIVE VALUE OF EACH FUNCTION, REWARDS, INDIVIDUAL PERFORMANCE, WHILE BEING FINANCIALLY SUSTAINABLE OVER TIME. IT IS REVIEWED ON AN AS NEEDED BASIS BY WARTBURG'S PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD AND IS SUBJECT TO SUCH BUDGETARY CONSIDERATIONS AS BUSINESS CONDITIONS MAY CREATE. THE WARTBURG HAS ENGAGED THE SERVICES OF ASTRON SOLUTIONS, A NATIONAL EMPLOYEE COMPENSATION AND BENEFITS FIRM, TO REVIEW EXECUTIVE AND SENIOR MANAGEMENT COMPENSATION. DATA USED IN DETERMINING MARKET MID RANGE IS DERIVED FROM REPORTS ISSUED BY ASTRON USING REPUTABLE TOP-TIER SURVEY HOUSES AS WELL AS LOCAL, INDUSTRY, AND ASSOCIATION SPECIFIC SOURCES. WORLD AT WORK STANDARDS ARE FOLLOWED IN THE SELECTION AND USE OF THE COMPENSATION SURVEYS TO ASSURE RELIABILITY AND VALIDITY OF DATA SOURCES. IN ADDITION, MARKET DATA IS MATCHED AGAINST JOB CONTENT AND DESCRIPTIONS, NOT JOB TITLES, AND BY THE USE OF WARTBURG'S JOB FACTOR ANALYSIS TOOL. EXEMPTION DECISIONS ARE MADE IN ACCORDANCE WITH FAIR LABOR STANDARD ACT REQUIREMENTS. IT IS OUR ORGANIZATION'S DESIRE TO PAY A COMPETITIVE BASE SALARY ALIGNED TO MARKET VALUE AND TO OFFER A COMPENSATION PACKAGE WHICH INTEGRATES OTHER TOTAL COMPENSATION OFFERINGS SUCH AS PAID TIME OFF, HEALTH COVERAGE, TUITION REIMBURSEMENT, ETC. "COMPETITIVE" IS DEFINED AS MARKET 50TH PERCENTILE. MARKET PARITY/MID RANGE DECISIONS ARE BASED ON FACTORS SUCH AS EDUCATION, SUBJECT EXPERTISE, LEVEL OF PERFORMANCE, AS WELL AS LEVEL OF STRATEGIC IMPACT/VALUE TO THE LONG-TERM GOALS OF THE ORGANIZATION. AS BUSINESS CONDITIONS WARRANT AND BASED ON THE STRATEGIC NEEDS OF THE ORGANIZATION, WITH BOARD APPROVAL, AN EMPLOYEE'S BASE SALARY MAY BE SUPPLEMENTED WITH INCENTIVE-BASED PAY AND/OR OTHER TOTAL COMPENSATION ARRANGEMENTS.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BERKEMEIER LIVING CENTER LLC

    OPERATE AN ASSISTED LIVING FACILITY · NY · income $0 · assets $12,923,021

    Directly controlled by WARTBURG MT VERNON INC

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.

  • FRIEDRICHS HOUSING MM INC

    C · MANAGING MEMBER OF THE FRIEDRICHS SUPPORTIVE HOUSING LLC · NY

    Directly controlled by THE WARTBURG RESIDENTIAL COMMUNITY

  • WARTBURG FRIEDRICHS HOUSING DEVELOPMENT FUND

    C · DEVELOP A NONPROFIT HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by THE WARTBURG RESIDENTIAL COMMUNITY

  • WARTBURG MLTC

    C · PERFORM STUDIES, SURVEYS AND PLANNING FOR DEVELOPMENT OF MANGED LT CARE · NY · 100% owned

    Directly controlled by WARTBURG MT VERNON INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349311511

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