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Nonprofiteer
← PARKSIDE OF MORTON INC

Form 990 for tax year 2023

Filed by PARKSIDE OF MORTON INC.

Totals

Total revenue
$481,432
Total expenses
$593,985
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$447,147
Investment income
$34,285
Other revenue
$0
Total assets, end of year
$3,210,163
Total liabilities, end of year
$6,732,177
Net assets or fund balances, end of year
-$3,522,014
Program services expenses (Part IX)
$513,600
Management and general expenses
$80,385
Fundraising expenses
$0
Program service expenses (Part III)
$513,600

Program services were 86.5% 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.

  • 2a · Program service revenue: OPERATING REVENUE

    total $447,147 · related or exempt $447,147

  • 3 · Investment income

    total $34,285 · excluded $34,285

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $93,957 · program services $89,593 · management and general $4,364

  • 8 · Pension plan contributions

    total $7,516 · program services $7,516

  • 9 · Other employee benefits

    total $20,274 · program services $20,274

  • 10 · Payroll taxes

    total $5,996 · program services $5,996

  • 11a · Fees: management

    total $36,600 · program services $32,940 · management and general $3,660

  • 11c · Fees: accounting

    total $4,351 · management and general $4,351

  • 16 · Occupancy

    total $56,230 · program services $50,607 · management and general $5,623

  • 22 · Depreciation, depletion and amortization

    total $196,758 · program services $177,082 · management and general $19,676

  • 24a · Other expenses: DIETARY DEPARTMENT EXPE

    total $60,009 · program services $54,008 · management and general $6,001

  • 24b · Other expenses: DISPOSITION OF LIFE LEA

    total $38,000 · program services $38,000

  • 24c · Other expenses: MAINTENANCE DEPARTMENT

    total $34,719 · program services $31,247 · management and general $3,472

  • 24d · Other expenses: ADMINISTRATIVE EXPENSE

    total $33,016 · management and general $33,016

  • 24e · All other expenses

    total $6,559 · program services $6,337 · management and general $222

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,439,652 · end of year $1,459,862

  • 4 · Accounts receivable

    beginning of year $28,206 · end of year $30,596

  • 8 · Inventories for sale or use

    beginning of year $2,487 · end of year $2,487

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

    $6,559,911

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

    $4,842,693

  • 10c · Land, buildings and equipment, net

    beginning of year $1,881,902 · end of year $1,717,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,527 · end of year $47,917

  • 19 · Deferred revenue

    beginning of year $843,331 · end of year $765,410

  • 25 · Other liabilities

    beginning of year $5,860,850 · end of year $5,918,850

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$3,409,461 · end of year -$3,522,014

Mission and programs · 2023

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AN AFFORDABLE RETIREMENT COMMUNITY TO THOSE AGED 55 AND ABOVE.

  • THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AN AFFORDABLE RETIREMENT COMMUNITY TO THOSE AGED 55 AND ABOVE.

    Expenses $513,600 · Revenue $447,147

As filed on the 2023 return.

Listed in Part VII

  • RUSS EHNLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENE STRUNK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN KELLEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • HEIDI HAERR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KEITH SCHICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GILBERT RAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE KAISER

    CFO

    Total calculated
    $112,460
    From this org
    $0
    From related orgs
    $92,702
    Other
    $19,758
    Hours/week
    5 + 35 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.

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
2023
Filed
16 July 2024
IRS schema version
2023v5.1
Source object
202432009349301623

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