Form 990 for tax year 2024
Filed by ALDERSGATE LIFE PLAN SERVICES INC.
Totals
- Total revenue
- $127,329
- Total expenses
- $46,650
- Contributions and grants received
- $13,017
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $114,312
- Other revenue
- $0
- Total assets, end of year
- $1,557,008
- Total liabilities, end of year
- $1,510,578
- Net assets or fund balances, end of year
- $46,430
- Program services expenses (Part IX)
- $46,650
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $46,650
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$13,017
-
7a · Gross sales of assets other than inventory
other assets $114,312
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $114,312
-
7d · Net gain or loss
total $114,312 · excluded $114,312
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $27,444 · program services $27,444
-
10 · Payroll taxes
total $1,600 · program services $1,600
-
11b · Fees: legal
total $8,786 · program services $8,786
-
11c · Fees: accounting
total $945 · program services $945
-
11g · Fees: other
total $5,107 · program services $5,107
-
22 · Depreciation, depletion and amortization
total $492 · program services $492
-
23 · Insurance
total -$479 · program services -$479
-
24a · Other expenses: MISCELLANEUOS
total $2,755 · program services $2,755
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$3,986 · end of year $3,229
-
4 · Accounts receivable
beginning of year $14,940 · end of year $14,940
-
10a · Land, buildings and equipment: cost or other basis
$1,539,331
-
10b · Land, buildings and equipment: accumulated depreciation
$492
-
10c · Land, buildings and equipment, net
beginning of year $1,539,245 · end of year $1,538,839
-
17 · Accounts payable and accrued expenses
beginning of year $1,638,356 · end of year $1,500,000
-
25 · Other liabilities
beginning of year $0 · end of year $10,578
-
27 · Net assets without donor restrictions
beginning of year -$88,157 · end of year $46,430
Mission and programs · 2024
Mission
WE CELEBRATE AND RESPECT THE VALUE OF EACH INDIVIDUAL WITHIN AN INCLUSIVE AND VIBRANT ALDERSGATE COMMUNITY.
Activities or mission (Part I)
PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR OLDER ADULTS
-
ALDERSGATE LIFE PLAN SERVICES, INC. PROVIDES DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING OVERSIGHT, HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY, COMMUNITY ENGAGEMENT AND MARKETING TO ITS RELATED PARTIES.
Expenses $46,650
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas Lawing JrTHOMAS LAWING JR
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mary WilsonMARY WILSON
VICE CHAIR (THRU 6/30/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stanley WatkinsSTANLEY WATKINS
SECRETARY (THRU 6/30/24
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Patricia Pat G GarrettPATRICIA PAT G GARRETT
PAST CHAIR (THRU 6/30/24
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Amanda GrimesAMANDA GRIMES
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Rev Dr Otto HarrisREV DR OTTO HARRIS
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sammy JacksonSAMMY JACKSON
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Holly LevinsonHOLLY LEVINSON
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Fred LongiettiFRED LONGIETTI
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Billy MaddalonBILLY MADDALON
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
William SpringsWILLIAM SPRINGS
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Tom WarshauerTOM WARSHAUER
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Irene VogelsongIRENE VOGELSONG
BOARD DIRECTOR (THRU 7/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Suzanne PughSUZANNE PUGH
CEO
- Total calculated
- $30,810
- From this org
- $28,211
- From related orgs
- $0
- Other
- $2,599
- Hours/week
- 40 + 5 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.
-
ALDERSGATE HOLDINGS INC
501(C)(2) · LAND INVESTMENT · NC
Directly controlled by ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY
-
ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC
501(C)(3) · SENIOR LIVING SERVICES · NC
-
ALDERSGATE AT SHARON INC
501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC
Directly controlled by ALDERSGATE LIFE PLAN SERVICES
-
ALDERSGATE AT SHALOM PARK INC
501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC
Directly controlled by ALDERSGATE LIFE PLAN SERVICES
-
ALDERSGATE FOUNDATION INC
501(C)(3) · FOUNDATION (INACTIVE) · NC
Directly controlled by ALDERSGATE LIFE PLAN SERVICES
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
APLS REAL ESTATE HOLDINGS B LLC
REAL ESTATE · NC · income -$218 · assets $678,708
-
ALPS REAL ESTATE HOLDINGS A LLC
REAL ESTATE · NC · income -$274 · assets $860,131
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ALPS MGP LLC
C · REAL ESTATE HOLDING · NC · 100% owned
Directly controlled by ALDERSGATE LIFE PLAN SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349311893
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