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Nonprofiteer
← MI NURSING-RESTORATIVE CENTER INC

Form 990 for tax year 2023

Filed by MI NURSING-RESTORATIVE CENTER INC.

Totals

Total revenue
$19,216,835
Total expenses
$20,889,019
Contributions and grants received
$138,018
Grants paid
$0
Program service revenue
$19,179,136
Investment income
-$100,319
Other revenue
$0
Total assets, end of year
$52,157,254
Total liabilities, end of year
$2,750,010
Net assets or fund balances, end of year
$49,407,244
Program services expenses (Part IX)
$18,478,654
Management and general expenses
$2,410,365
Fundraising expenses
$0
Program service expenses (Part III)
$18,478,654

Program services were 88.5% 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.

  • 1d · Related organizations

    $10,000

  • 1f · All other contributions, gifts and grants

    $128,018

  • 2a · Program service revenue: Patient Services

    total $19,179,136 · related or exempt $19,179,136

  • 3 · Investment income

    total $700,789 · excluded $700,789

  • 7a · Gross sales of assets other than inventory

    securities $500,000

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

    securities $1,301,108

  • 7c · Gain or loss

    securities -$801,108

  • 7d · Net gain or loss

    total -$801,108 · excluded -$801,108

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $174,354 · program services $148,528 · management and general $25,826

  • 7 · Other salaries and wages

    total $9,527,803 · program services $8,117,874 · management and general $1,409,929

  • 8 · Pension plan contributions

    total $109,599 · program services $93,285 · management and general $16,314

  • 9 · Other employee benefits

    total $980,119 · program services $834,225 · management and general $145,894

  • 10 · Payroll taxes

    total $759,555 · program services $646,493 · management and general $113,062

  • 11a · Fees: management

    total $651,215 · management and general $651,215

  • 11b · Fees: legal

    total $42,942 · management and general $42,942

  • 11c · Fees: accounting

    total $5,183 · management and general $5,183

  • 11g · Fees: other

    total $4,834,488 · program services $4,834,488

  • 12 · Advertising and promotion

    total $53,120 · program services $53,120

  • 13 · Office expenses

    total $379,576 · program services $379,576

  • 14 · Information technology

    total $18,931 · program services $18,931

  • 16 · Occupancy

    total $310,798 · program services $310,798

  • 17 · Travel

    total $266 · program services $266

  • 19 · Conferences, conventions and meetings

    total $25,728 · program services $25,728

  • 22 · Depreciation, depletion and amortization

    total $647,861 · program services $647,861

  • 23 · Insurance

    total $211,334 · program services $211,334

  • 24a · Other expenses: Drugs/medical supplies

    total $724,762 · program services $724,762

  • 24b · Other expenses: Food and dining

    total $568,917 · program services $568,917

  • 24c · Other expenses: Medicaid user fees

    total $456,100 · program services $456,100

  • 24d · Other expenses: Provision for bad debts

    total $339,983 · program services $339,983

  • 24e · All other expenses

    total $66,385 · program services $66,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,811 · end of year $306,323

  • 2 · Savings and temporary cash investments

    beginning of year $142,333 · end of year $270,035

  • 4 · Accounts receivable

    beginning of year $1,956,017 · end of year $2,152,475

  • 8 · Inventories for sale or use

    beginning of year $54,555 · end of year $57,709

  • 9 · Prepaid expenses and deferred charges

    beginning of year $299,604 · end of year $224,092

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

    $18,839,640

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

    $12,318,494

  • 10c · Land, buildings and equipment, net

    beginning of year $6,180,077 · end of year $6,521,146

  • 12 · Investments: other securities

    beginning of year $37,329,435 · end of year $41,774,268

  • 15 · Other assets

    beginning of year $719,478 · end of year $851,206

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,485,320 · end of year $2,001,419

  • 25 · Other liabilities

    beginning of year $681,663 · end of year $748,591

  • 27 · Net assets without donor restrictions

    beginning of year $44,569,320 · end of year $49,344,544

  • 28 · Net assets with donor restrictions

    beginning of year $7 · end of year $62,700

Mission and programs · 2023

Mission

The mission of MI Nursing Restorative Center Inc. is to respond with compassionate care and dignity to the health, social and spiritual needs of well, sick, and frail elders. The Center also offers and extends supportive presence and programs to the families of residents. The quality of our services are achieved through embracing core values that include compassion, competence, and collaboration.

Activities or mission (Part I)

Responding to the health, social and spiritual needs of well, sick, and frail elders.

  • The Center provides nursing and quality-of-life services the elderly in its community. In 2023, the Center provided eldercare through the operation of a 231 bed skilled nursing facility, where the Center provided skilled nursing care, rehabilitation services, dietary services, laundry and housekeeping services, and numerous social activities. Additionally, during this tax year, the Nursing Center took over management of the assets and operations of two related organizations for a temporary amount of time.

    Expenses $18,478,654 · Revenue $19,179,136

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerard Foley

    President & CEO

    Total calculated
    $174,354
    From this org
    $145,217
    From related orgs
    $0
    Other
    $29,137
    Hours/week
    41 + 5 related

    Schedule J breakdown matched by us

    Base
    $140,866
    Bonus
    $0
    Other
    $4,351
    Deferred
    $4,154
    Nontaxable benefits
    $24,983
    Filer's total
    $174,354

  • Raisa T Carrasco-Velez

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Rev John Delaney

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Roger Desjardins

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Deacon Eric Peabody

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Sr Marcia Wiley

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Karen Gallagher Giangrande

    Clerk (end 4/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Samer Obeid Esq

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • William Shaheen CPA

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Deborah L Turiano MD

    Chair

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Delbert Downing

    Administrator

    Total calculated
    $186,297
    From this org
    $159,073
    From related orgs
    $0
    Other
    $27,224
    Hours/week
    33 + 7 related

    Schedule J breakdown matched by us

    Base
    $156,084
    Bonus
    $0
    Other
    $2,989
    Deferred
    $3,670
    Nontaxable benefits
    $23,554
    Filer's total
    $186,297

  • Patricia Shaw

    Director of Nursing

    Total calculated
    $164,148
    From this org
    $148,875
    From related orgs
    $0
    Other
    $15,273
    Hours/week
    33 + 7 related

    Schedule J breakdown matched by us

    Base
    $146,228
    Bonus
    $0
    Other
    $2,647
    Deferred
    $4,467
    Nontaxable benefits
    $10,806
    Filer's total
    $164,148

  • Rukayat Ibraheem

    Unit Manager, RN

    Total calculated
    $111,070
    From this org
    $108,413
    From related orgs
    $0
    Other
    $2,657
    Hours/week
    40

  • Paula Ralls

    ADON

    Total calculated
    $117,624
    From this org
    $107,361
    From related orgs
    $0
    Other
    $10,263
    Hours/week
    40

  • Paula Smith

    Unit Manager, LPN

    Total calculated
    $117,555
    From this org
    $110,767
    From related orgs
    $0
    Other
    $6,788
    Hours/week
    40

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable.
Part I, Line 7
The Organization may from time-to-time award incentive pay and performance-based compensation and bonuses, based upon agreed upon terms and conditions, review standards, and defined goals.

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.

  • Campus Holding

    C · Holding company · ME

  • Covenant Health Insurance LTD

    C · Self-insurance company · CJ

  • GNM Corporation

    C · Real estate holding company · NH

  • SJ Physicians Services

    C · Physician practice · NH

  • St Joseph Corporate Services Inc

    C · Holding company · NH

  • Strauss Incorporated

    C · Repairs and transcriptions · ME

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202413199349303491

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