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← CENTRASTATE ASSISTED LIVING INC

Form 990 for tax year 2024

Filed by CENTRASTATE ASSISTED LIVING INC.

Totals

Total revenue
$6,264,471
Total expenses
$7,840,716
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,244,781
Investment income
$19,690
Other revenue
$0
Total assets, end of year
$6,772,912
Total liabilities, end of year
$11,064,616
Net assets or fund balances, end of year
-$4,291,704
Program services expenses (Part IX)
$7,056,645
Management and general expenses
$784,071
Fundraising expenses
$0
Program service expenses (Part III)
$7,056,645

Program services were 90.0% 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.

  • 2a · Program service revenue: RESIDENTIAL/COMMUNITY FEE

    total $5,347,789 · related or exempt $5,347,789

  • 2b · Program service revenue: OTHER SERVICES TO RESIDENTS

    total $740,924 · related or exempt $740,924

  • 2c · Program service revenue: RESPITE INCOME

    total $156,068 · related or exempt $156,068

  • 3 · Investment income

    total $19,690 · unrelated business $0 · excluded $19,690

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $234,044 · program services $210,640 · management and general $23,404

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,000,592 · program services $3,600,533 · management and general $400,059

  • 8 · Pension plan contributions

    total $140,292 · program services $126,263 · management and general $14,029

  • 9 · Other employee benefits

    total $743,579 · program services $669,221 · management and general $74,358

  • 10 · Payroll taxes

    total $360,886 · program services $324,797 · management and general $36,089

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $10,298 · program services $9,268 · management and general $1,030

  • 11c · Fees: accounting

    total $32,448 · program services $29,203 · management and general $3,245

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $478,719 · program services $430,847 · management and general $47,872 · fundraising $0

  • 12 · Advertising and promotion

    total $175,967 · program services $158,370 · management and general $17,597

  • 13 · Office expenses

    total $165,430 · program services $148,887 · management and general $16,543

  • 14 · Information technology

    total $28,949 · program services $26,054 · management and general $2,895

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $133,597 · program services $120,237 · management and general $13,360

  • 17 · Travel

    total $1,334 · program services $1,201 · management and general $133

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $83,265 · program services $74,939 · management and general $8,326

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $470,455 · program services $423,410 · management and general $47,045

  • 23 · Insurance

    total $66,792 · program services $60,113 · management and general $6,679

  • 24a · Other expenses: FOOD COSTS

    total $348,171 · program services $313,354 · management and general $34,817

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $179,966 · program services $161,969 · management and general $17,997

  • 24c · Other expenses: CORPORATE DIRECT COSTS

    total $55,164 · program services $49,648 · management and general $5,516

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $19,683 · program services $17,715 · management and general $1,968

  • 24e · All other expenses

    total $111,085 · program services $99,976 · management and general $11,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $650 · end of year $654

  • 2 · Savings and temporary cash investments

    beginning of year $1,004,148 · end of year $1,009,495

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $170,501 · end of year $88,679

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,702 · end of year $22,353

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

    $7,273,242

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

    $1,641,595

  • 10c · Land, buildings and equipment, net

    beginning of year $5,054,481 · end of year $5,631,647

  • 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 $0 · end of year $0

  • 15 · Other assets

    beginning of year $6,887 · end of year $20,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,119,618 · end of year $1,086,905

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $97,469 · end of year $97,469

  • 24 · Unsecured notes and loans payable

    beginning of year $3,016,864 · end of year $3,542,546

  • 25 · Other liabilities

    beginning of year $4,753,326 · end of year $6,337,696

  • 27 · Net assets without donor restrictions

    beginning of year -$2,737,908 · end of year -$4,310,558

  • 28 · Net assets with donor restrictions

    beginning of year $6,000 · end of year $18,854

Mission and programs · 2024

Mission

PROVIDING HOME-LIKE ENVIRONMENT, PERSONALIZED SUPPORTIVE SERVICES AND HEALTHCARE DESIGNED TO RESPOND TO INDIVIDUAL NEEDS OF THOSE WHO REQUIRE HELP IN DAILY ACTIVITIES.

  • MONMOUTH CROSSING OWNS AND OPERATES AN ASSISTED LIVING FACILITY FOR THE ELDERLY CONSISTING OF 76 UNITS WITH 16 UNITS FOR MEMORY CARE. THE FACILITY PROVIDES RESIDENTS WITH SPECIAL NEEDS AND MEMORY-RELATED DISEASES: RECEIVE COMPREHENSIVE, ATTENTIVE SERVICES IN A SAFE ENVIRONMENT WHERE SPECIALIZED ACTIVITIES AND PROGRAMMING ARE PROVIDED. MONMOUTH CROSSING OFFERS SERVICES TO RESIDENTS OF LOW AND MODERATE MEANS AND THOSE ON MEDICAID AS WELL.

    Expenses $7,056,645 · Revenue $6,244,781

As filed on the 2024 return.

Listed in Part VII

  • THOMAS W SCOTT fache fabc

    VICE CHAIR-TRST/CSMC PRES/CEO

    Total calculated
    $1,384,071
    From this org
    $0
    From related orgs
    $1,317,453
    Other
    $66,618
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $778,204 related
    Bonus
    $0 + $334,647 related
    Other
    $0 + $204,602 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $36,118 related
    Filer's total
    $0 + $1,384,071 related

  • John A Dellocono

    TRUST-CSMC SVP/CFO(TERM 7/24)

    Total calculated
    $550,537
    From this org
    $0
    From related orgs
    $502,040
    Other
    $48,497
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $358,289 related
    Bonus
    $0 + $138,256 related
    Other
    $0 + $5,495 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $25,497 related
    Filer's total
    $0 + $550,537 related

  • Laura L Schilare MBA CPA

    CSMC VP FINANCE

    Total calculated
    $341,267
    From this org
    $0
    From related orgs
    $297,003
    Other
    $44,264
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $247,611 related
    Bonus
    $0 + $47,156 related
    Other
    $0 + $2,236 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $21,264 related
    Filer's total
    $0 + $341,267 related

  • Toni Lynn Davis

    TRUSTEE

    Total calculated
    $253,858
    From this org
    $0
    From related orgs
    $212,351
    Other
    $41,507
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $203,979 related
    Bonus
    $0 + $7,620 related
    Other
    $0 + $752 related
    Deferred
    $0 + $20,820 related
    Nontaxable benefits
    $0 + $20,687 related
    Filer's total
    $0 + $253,858 related

  • Heleyne Gladstein

    TRUSTEE - DIRECTOR (8/24)

    Total calculated
    $219,770
    From this org
    $183,306
    From related orgs
    $0
    Other
    $36,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $88,743
    Bonus
    $5,530
    Other
    $89,033
    Deferred
    $22,790
    Nontaxable benefits
    $13,674
    Filer's total
    $219,770

  • Nathalie Shostak-Levy

    LPN

    Total calculated
    $180,485
    From this org
    $146,625
    From related orgs
    $0
    Other
    $33,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,309
    Bonus
    $3,315
    Other
    $1
    Deferred
    $14,450
    Nontaxable benefits
    $19,410
    Filer's total
    $180,485

  • Susan Messina

    LPN

    Total calculated
    $133,121
    From this org
    $101,411
    From related orgs
    $0
    Other
    $31,710
    Hours/week
    40

  • Gina N Akaba

    LPN

    Total calculated
    $109,959
    From this org
    $103,420
    From related orgs
    $0
    Other
    $6,539
    Hours/week
    40

  • Courtney Paul

    DIRECTOR (EFF. 10/24)

    Total calculated
    $14,274
    From this org
    $13,789
    From related orgs
    $0
    Other
    $485
    Hours/week
    40

  • Kenneth J Reilly Cws

    CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara J McMorrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maureen A Schneider PhD MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    55

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4A
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN her 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: HELEYNE GLADSTEIN, $70,500.
SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDES PARTICIPATION IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN HIS 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: THOMAS W. SCOTT, FACHE, FABC, $199,788.
SCHEDULE J, PART I; QUESTION 7
THE INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
SCHEDULE J, PART II; COLUMN F
The amounts reported in schedule j, part ii, column (f) include amounts reported on prior years' forms 990 in schedule j, part ii, in column (c) as non-taxable unvested deferred compensation with a substantial risk of complete forfeiture component that is now being reported again on this year's form 990. Accordingly, in prior years the individuals never actually received any of these unvested at-risk benefit amounts.

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 corporations and trusts

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

  • CENTRASTATE HEALTHCARE SERVICES INC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • CENTRASTATE MEDICAL ASSOCIATES PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • CENTRASTATE SPECIALISTS PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

  • CENTRASTATE CARDIOLOGY PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543159349302934

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