Skip to content
Nonprofiteer
← ALDERSGATE RETIREMENT COMMUNITY INC

Form 990 for tax year 2024

Filed by ALDERSGATE RETIREMENT COMMUNITY INC.

Totals

Total revenue
$1,170,042
Total expenses
$1,161,733
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,161,995
Investment income
$8,047
Other revenue
$0
Total assets, end of year
$1,480,061
Total liabilities, end of year
$2,061,913
Net assets or fund balances, end of year
-$581,852
Program services expenses (Part IX)
$876,494
Management and general expenses
$285,239
Fundraising expenses
$0
Program service expenses (Part III)
$876,494

Program services were 75.4% 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.

  • 2a · Program service revenue: RENTALS

    total $1,135,970 · related or exempt $1,135,970

  • 2b · Program service revenue: HOUSEKEEPING

    total $10,330 · related or exempt $10,330

  • 2c · Program service revenue: OTHER SERVICES

    total $9,658 · related or exempt $5,458 · excluded $4,200

  • 2d · Program service revenue: GUEST MEALS

    total $3,787 · excluded $3,787

  • 2e · Program service revenue: FOOD SERVICE

    total $2,250 · related or exempt $2,250

  • 3 · Investment income

    total $8,047 · excluded $8,047

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $68,895 · management and general $68,895

  • 11c · Fees: accounting

    total $7,442 · management and general $7,442

  • 11g · Fees: other

    total $419,207 · program services $417,608 · management and general $1,599

  • 12 · Advertising and promotion

    total $19,353 · management and general $19,353

  • 13 · Office expenses

    total $11,274 · program services $10,741 · management and general $533

  • 14 · Information technology

    total $2,686 · management and general $2,686

  • 16 · Occupancy

    total $142,378 · program services $142,378

  • 20 · Interest

    total $84,120 · program services $84,120

  • 22 · Depreciation, depletion and amortization

    total $180,942 · program services $180,942

  • 23 · Insurance

    total $11,908 · management and general $11,908

  • 24a · Other expenses: ADMINISTRATIVE CHARGE

    total $161,968 · management and general $161,968

  • 24b · Other expenses: MAINTENANCE SERVICES

    total $32,937 · program services $32,937

  • 24c · Other expenses: REPAIRS

    total $7,088 · program services $7,088

  • 24d · Other expenses: MISCELLANEOUS

    total $5,604 · management and general $5,604

  • 24e · All other expenses

    total $5,931 · program services $680 · management and general $5,251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,038 · end of year $1,129

  • 4 · Accounts receivable

    beginning of year $382 · end of year $2,271

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,111 · end of year $5,910

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

    $5,228,317

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

    $3,829,713

  • 10c · Land, buildings and equipment, net

    beginning of year $1,508,707 · end of year $1,398,604

  • 15 · Other assets

    beginning of year $143,326 · end of year $72,147

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,368 · end of year $9,548

  • 19 · Deferred revenue

    beginning of year $2,151 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,134,855 · end of year $2,008,705

  • 25 · Other liabilities

    beginning of year $100,350 · end of year $43,660

  • 27 · Net assets without donor restrictions

    beginning of year -$590,160 · end of year -$581,852

Mission and programs · 2024

Mission

ALDERSGATE RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.

Activities or mission (Part I)

ALDERSGATE RETIREMENT COMMUNITY'S MISSION IS TO PROVIDE HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.

  • ALDERSGATE REITIREMENT COMMUNITY IS THE HOUSING CHOICE FOR SOME OF THE MOST ACTIVE OLDER ADULTS IN THE MERIDIAN, MISSISSIPPI AREA. DEDICATED TO SERVING OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE, THE EXPERIENCED STAFF MAKES ALDERSGATE A HOME WHERE RESIDENTS CAN TRULY ENJOY THEIR RETIREMENT WIH SOME OF THE BEST NEIGHBORS IN TOWN. ALDERSGATE RETIREMENT COMMUNITY HAS SIXTY INDEPENDENT LIVING APARTMENTS THAT CONSIST OF ONE AND TWO BEDROOMS. ONE MEAL A DAY FOR SIX DAYS A WEEK IS INCLUDED IN THE MONTHLY RATE FOR ALSERGATE. ALDERSGATEOFFERS RECREATIONAL, EDUCATIONAL, AND CULTURAL PROGRAMS ON A DAILY BASIS. THE PASTORAL CARE PROGRAM ENSURES THAT RESIDENTS' EMOTIONAL AND SPIRITUAL NEEDS ARE MET WHILE AN EMERGENCY CALL SYSTEM AND SCHEDULED TRANSPORTATION TO A RESIDENT'S DOCTOR OR SHOPPING FOR GROCERIES HELPS MAINTAIN PHYSICAL WELLNESS.

    Expenses $876,494 · Revenue $1,154,008

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE MCALILLY

    PRESIDENT/CEO

    Total calculated
    $678,537
    From this org
    $0
    From related orgs
    $516,561
    Other
    $161,976
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,561 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $154,671 related
    Nontaxable benefits
    $0 + $7,305 related
    Filer's total
    $0 + $678,537 related

  • CHRISTIE VANCE

    VICE PRES/COO

    Total calculated
    $326,286
    From this org
    $0
    From related orgs
    $308,246
    Other
    $18,040
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,246 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,040 related
    Filer's total
    $0 + $326,286 related

  • ROBYN STEPHENS

    EXECUTIVE DIRECTOR

    Total calculated
    $113,695
    From this org
    $0
    From related orgs
    $96,998
    Other
    $16,697
    Hours/week
    13.33 + 26.67 related

  • TONY FOUTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MARY GILMORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • WANDA HASTINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • GEORGE HILL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • MAURICE H HALL JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CHRIS LAUNDERDALE

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • BILL H WEST

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • MINA BETH TONINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • ANN WEDDINGTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CAY WEDGEWORTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • OTIS GOWDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • VICKY MCDONNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • WINKY GLOVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • BOB HUFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • KAY JOINER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JEREMY HILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JIM ZUELZKE

    VICE PRESIDENT FINANCE

    Total calculated
    $285,449
    From this org
    $0
    From related orgs
    $267,667
    Other
    $17,782
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,667 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,782 related
    Filer's total
    $0 + $285,449 related

  • JEANNE CANTIN

    VICE PRES/HR AND BENEFITS

    Total calculated
    $224,994
    From this org
    $0
    From related orgs
    $207,594
    Other
    $17,400
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,594 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,400 related
    Filer's total
    $0 + $224,994 related

  • BRITTANY CUEVAS

    VICE PRESIDENT OF PHILANTHROPY

    Total calculated
    $132,621
    From this org
    $0
    From related orgs
    $115,804
    Other
    $16,817
    Hours/week
    1 + 40 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
RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR EMPLOYEES. ALL COMPENSATION IS PAID BY THE ORGANIZATION'S PARENT, MISSISSIPPI METHODIST SENIOR SERVICES, INC. (MMSS). THE EXECUTIVE COMMITTEE OF MMSS' BOARD OF DIRECTORS SERVES AS A COMPENSATION COMMITTEE. THEY REVIEW COMPENSATION STUDIES AVAILABLE FOR SIMILAR ORGANIZATIONS THROUGH LEADING AGE AND CEMO. THE COMPENSATION COMMITTEE WORKS WITH A CONSULTANT TO UPDATE COMPENSATION AT LEAST ONCE EVERY 3 YEARS. THE COMMITTEE USES THE LEADING AGE AND CEMO COMPENSATION STUDIES ANNUALLY. THE COMPENSATION COMMITTEE WORKS TO MAINTAIN COMPENSATION IN THE 60TH PERCENTILE OF THE MARKET. THIS COMMITTEE APPROVES ANY CHANGE MADE TO THE CEO SALARY PACKAGE BASED ON THIS PHILOSOPHY.
PART I, LINE 4B
THE PLAN WAS PUT IN PLACE MAY OF 2020. AT THAT TIME, WE RECOGNIZED 27 YEARS OF SERVICE AS EXPENSE/LIABILITY FOR THE CEO. IF HE IS EMPLOYED UNTIL MARCH 1, 2025, HE IS ENTITLED TO START RECEIVING THE BENEFITS. IF HE WERE TO BECOME DISABLED AND REMAINED LIVING AS OF APRIL 1, 2025, HE IS ENTITLED TO THE BENEFITS BASED ON NUMBER OF YEARS SERVED. IF DECEASED, HIS BENEFICIARIES WOULD BENEFIT BASED ON THE NUMBER OF YEARS SERVED. IF TERMINATED FOR CAUSE PRIOR TO MARCH 1, 2025, HE IS NOT ENTITLED TO ANY BENEFITS. THE DEFERRED COMPENSATION IS LISTED ON BOTH PART VII AND SCHEDULE J UNDER DEFERRED COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349306856

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.