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Nonprofiteer
← FRASIER LIVING INC

Form 990 for tax year 2023

Filed by FRASIER LIVING INC.

Totals

Total revenue
$501,339
Total expenses
$1,399
Contributions and grants received
$501,339
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$499,940
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$499,940
Program services expenses (Part IX)
$0
Management and general expenses
$1,399
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.

  • 1d · Related organizations

    $501,339

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $1,399 · management and general $1,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $499,940

  • 27 · Net assets without donor restrictions

    end of year $499,940

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO ADVANCE, NURTURE, SUPPORT AND EXPAND THE MISSION AND PROGRAMS OF FRASIER MEADOWS MANOR, INC.

  • TO ADVANCE, NURTURE, SUPPORT AND EXPAND THE MISSION AND PROGRAMS OF FRASIER MEADOWS MANOR, INC., ("FRASIER"), AND ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF FRASIER.FRASIER MEADOWS PROVIDES SPECIALLY DESIGNED HOUSING AND HEALTH CARE TO ELDERLY PERSONS AT THE LOWEST FEASIBLE COST AND TO MAINTAIN IN RESIDENCE THOSE TENANTS WHO SUBSEQUENTLY BECOME UNABLE TO PAY THE FEES FOR SUCH HOUSING.

As filed on the 2023 return.

Listed in Part VII

  • Leslie Durgin

    CHAIR

    Total calculated
    $0
    Hours/week
    0.4 + 2 related

  • Jane Bautigam

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4 + 2 related

  • Meredith Benedict

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 2 related

  • John Frisbie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Nikki Lewis

    SECRETARY AND TREASURER

    Total calculated
    $394,335
    From this org
    $0
    From related orgs
    $326,511
    Other
    $67,824
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,501 related
    Bonus
    $0 + $25,010 related
    Other
    $0
    Deferred
    $0 + $26,112 related
    Nontaxable benefits
    $0 + $41,712 related
    Filer's total
    $0 + $394,335 related

  • Christie Hinrichs

    PRESIDENT AND CEO

    Total calculated
    $296,015
    From this org
    $0
    From related orgs
    $287,510
    Other
    $8,505
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,510 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,505 related
    Filer's total
    $0 + $296,015 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
FRASIER MEADOWS MANOR'S EXECUTIVE COMMITTEE ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE COMPENSATION OF THE CEO AND OTHER OFFICERS OF FRASIER MEADOWS MANOR. AT LEAST EVERY FOUR YEARS, THE EXECUTIVE COMMITTEE COMMISSIONS A QUALIFIED INDEPENDENT CONSULTING FIRM TO EVALUATE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM. USING THE DATA FROM THE COMPENSATION STUDY, THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGES OF THE CEO AND OTHER EXECUTIVE POSITIONS. FRASIER LIVING APPROVES SALARIES, WAGE RATES, COMPENSATION AND EMPLOYEE BENEFITS. THE EXECUTIVE COMMITTEE MAINTAINS THE REQUIRED DOCUMENTATION OF THE PROCESS IN THE MINUTES OF ITS MEETINGS, WHICH INCLUDES, AMONG OTHER INFORMATION, THE TERMS OF THE COMPENSATION PACKAGES AND THE COMPARABILITY DATA USED IN DETERMINING THE COMPENSATION PACKAGES.

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349322753

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