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Nonprofiteer
← RIVERSIDE SENIOR LIVING CENTER

Form 990 for tax year 2022

Filed by RIVERSIDE SENIOR LIVING CENTER.

Totals

Total revenue
$24,876,423
Total expenses
$26,844,889
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,288,772
Investment income
$282,478
Other revenue
$305,173
Total assets, end of year
$70,132,858
Total liabilities, end of year
$43,666,104
Net assets or fund balances, end of year
$26,466,754
Program services expenses (Part IX)
$24,224,624
Management and general expenses
$2,620,265
Fundraising expenses
$0
Program service expenses (Part III)
$24,224,624

Program services were 90.2% 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: Net Patient Service Revenue, Nursing Revenue

    total $10,717,307 · related or exempt $10,717,307

  • 2b · Program service revenue: Rental - Independent Living

    total $3,946,785 · related or exempt $3,946,785

  • 2c · Program service revenue: Rental - Assisted Living

    total $9,618,680 · related or exempt $9,618,680

  • 2d · Program service revenue: Rental - Related Party

    total $6,000 · related or exempt $6,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $952,185 · excluded $952,185

  • 6c · Rental income or loss

    real property $0 · personal property $0

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

    securities $669,707

  • 7c · Gain or loss

    securities -$669,707 · other assets $0

  • 7d · Net gain or loss

    total -$669,707 · excluded -$669,707

  • 11a · Other revenue: Community & Activity Fees

    total $252,075 · related or exempt $252,075

  • 11b · Other revenue: Security Deposits

    total $43,834 · related or exempt $43,834

  • 11c · Other revenue: Meals & Dietary

    total $9,264 · excluded $9,264

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $305,173

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $13,071,782 · program services $12,059,747 · management and general $1,012,035

  • 8 · Pension plan contributions

    total $337,130 · program services $311,029 · management and general $26,101

  • 9 · Other employee benefits

    total $1,399,869 · program services $1,291,489 · management and general $108,380

  • 10 · Payroll taxes

    total $909,736 · program services $839,303 · management and general $70,433

  • 11f · Fees: investment management

    total $89,317 · management and general $89,317

  • 11g · Fees: other

    total $3,125,484 · program services $3,001,114 · management and general $124,370 · fundraising $0

  • 12 · Advertising and promotion

    total $88,564 · program services $88,564

  • 13 · Office expenses

    total $14,914 · program services $1,805 · management and general $13,109

  • 16 · Occupancy

    total $1,021,053 · program services $1,021,053

  • 17 · Travel

    total $40,997 · program services $30,698 · management and general $10,299

  • 20 · Interest

    total $675,627 · program services $675,627

  • 22 · Depreciation, depletion and amortization

    total $2,324,512 · program services $2,324,512

  • 23 · Insurance

    total $374,479 · program services $77,024 · management and general $297,455

  • 24a · Other expenses: Food

    total $1,024,385 · program services $1,024,385

  • 24b · Other expenses: Supplies

    total $968,733 · program services $968,039 · management and general $694

  • 24c · Other expenses: Equip Rental & Maint

    total $211,571 · program services $211,571

  • 24d · Other expenses: State Taxes

    total $302,119 · management and general $302,119

  • 24e · All other expenses

    total $864,617 · program services $298,664 · management and general $565,953 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,108,116 · end of year $1,593,999

  • 4 · Accounts receivable

    beginning of year $1,542,443 · end of year $2,195,628

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $45,690 · end of year $71,954

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,374 · end of year $65,707

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

    $74,710,091

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

    $42,451,252

  • 10c · Land, buildings and equipment, net

    beginning of year $33,007,819 · end of year $32,258,839

  • 11 · Investments: publicly traded securities

    beginning of year $32,923,129 · end of year $29,899,768

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,566,072 · end of year $4,046,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,421,233 · end of year $22,976,209

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,792,826 · end of year $17,408,915

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,914,016 · end of year $3,280,980

  • 27 · Net assets without donor restrictions

    beginning of year $31,930,368 · end of year $26,264,104

  • 28 · Net assets with donor restrictions

    beginning of year $175,200 · end of year $202,650

Mission and programs · 2022

Mission

Riverside Senior Living Center's mission is to operate a continuing care facility that provides quality independent and assisted living care as well as skilled nursing care.

  • Riverside Senior Living Center operates Miller Nursing Home, a long-term care division that provides intermediate, skilled and sub-acute levels of care. Services provided are overseen by the Administrator and the Director of Nursing. In addition to providing skilled nursing services, the facility also provides an array of physical, speech and occupational therapy for the residents of the facility. A multitude of other services available are provided through a contractual agreement with other providers (i.e. podiatrist, dental services, pharmaceuticals and optometry). This division is licensed by the Illinois Department of Public Health and is certified for Medicare and Medicaid recipients. During the year 2022, this facility provided approximately 31,016 resident care days.

    Expenses $11,471,697 · Revenue $10,717,307

  • Riverside Senior Living Center operates an assisted living community designed to provide quality care and housing of those not able to live independently. All the same services that independent living residents receive are also available to those in the assisted living community. The residents of the assisted living community also receive three meals daily and assistance with certain living activities as the individual resident may request. In 2022, approximately 132 of the 176 units were occupied for the entire year.

    Expenses $9,542,331 · Revenue $9,618,680

  • Riverside Senior Living Center operates an independent living retirement community designed to provide housing in the form of either an apartment or a house. A variety of services are offered for residents including housekeeping, utilities, maintenance, transportation, security monitoring, a 24-hr call system, a full array of recreational social programs, lawn care and snow removal. There are approximately 90 independent living units of which approximately 61 were occupied the entire year.

    Expenses $3,210,596 · Revenue $3,996,619

  • Community Fees & Activity Fees

    Revenue $252,075

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Payne

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Tyson

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Mitchell EdD

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Phillip Kambic

    President/CEO

    Total calculated
    $1,501,673
    From this org
    $0
    From related orgs
    $1,258,830
    Other
    $242,843
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $787,355 related
    Bonus
    $0 + $187,063 related
    Other
    $0 + $284,412 related
    Deferred
    $0 + $218,124 related
    Nontaxable benefits
    $0 + $24,719 related
    Filer's total
    $0 + $1,501,673 related

  • Bruce Fitzpatrick

    Director (thru June 2022)

    Total calculated
    $0
    Hours/week
    1

  • David Hegg MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bennett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Hokestra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joy Rose

    Director (thru June 2022)

    Total calculated
    $0
    Hours/week
    1

  • Keith Moss MD

    Director/CMO (thru April 2022)

    Total calculated
    $426,630
    From this org
    $0
    From related orgs
    $393,208
    Other
    $33,422
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,499 related
    Bonus
    $0 + $101,105 related
    Other
    $0 + $16,604 related
    Deferred
    $0 + $25,794 related
    Nontaxable benefits
    $0 + $7,628 related
    Filer's total
    $0 + $426,630 related

  • Maggie Frogge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael O'Gorman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Norman Strasma

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ritu Chandan DO

    Director

    Total calculated
    $329,095
    From this org
    $0
    From related orgs
    $305,873
    Other
    $23,222
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,086 related
    Bonus
    $0 + $29,021 related
    Other
    $0 + $31,766 related
    Deferred
    $0 + $9,969 related
    Nontaxable benefits
    $0 + $13,253 related
    Filer's total
    $0 + $329,095 related

  • Benjamin March

    Executive Director (beg. July 2022)

    Total calculated
    $70,882
    From this org
    $69,321
    From related orgs
    $0
    Other
    $1,561
    Hours/week
    40

  • Pamela Hull

    Assistant Secretary

    Total calculated
    $128,177
    From this org
    $0
    From related orgs
    $101,937
    Other
    $26,240
    Hours/week
    1 + 39 related

  • Patricia K Vilt

    Treasurer/CFO

    Total calculated
    $482,391
    From this org
    $0
    From related orgs
    $433,155
    Other
    $49,236
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,424 related
    Bonus
    $0 + $68,300 related
    Other
    $0 + $13,431 related
    Deferred
    $0 + $36,056 related
    Nontaxable benefits
    $0 + $13,180 related
    Filer's total
    $0 + $482,391 related

  • Tom Trovato

    Executive Director (June 2022)

    Total calculated
    $29,311
    From this org
    $25,102
    From related orgs
    $0
    Other
    $4,209
    Hours/week
    40

  • Rebecca Schiltz

    VP of Post Acute Care

    Total calculated
    $298,160
    From this org
    $0
    From related orgs
    $252,354
    Other
    $45,806
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,343 related
    Bonus
    $0 + $42,156 related
    Other
    $0 + $4,855 related
    Deferred
    $0 + $12,798 related
    Nontaxable benefits
    $0 + $33,008 related
    Filer's total
    $0 + $298,160 related

  • Elizabeth Totheroh

    Administrator

    Total calculated
    $165,071
    From this org
    $139,889
    From related orgs
    $0
    Other
    $25,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,386
    Bonus
    $11,115
    Other
    $388
    Deferred
    $5,337
    Nontaxable benefits
    $19,845
    Filer's total
    $165,071

  • Melissa Weaver

    Director of Nursing

    Total calculated
    $110,009
    From this org
    $105,319
    From related orgs
    $0
    Other
    $4,690
    Hours/week
    40

  • Bill Douglas

    Former Officer

    Total calculated
    $225,774
    From this org
    $0
    From related orgs
    $180,463
    Other
    $45,311
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,656 related
    Bonus
    $0 + $54,692 related
    Other
    $0 + $2,115 related
    Deferred
    $0 + $28,534 related
    Nontaxable benefits
    $0 + $16,777 related
    Filer's total
    $0 + $225,774 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2022 are as follows: PHILLIP KAMBIC - $179,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2022, were as follows: PHILLIP KAMBIC - $233,482 BILL DOUGLAS - $54,692 PATRICIA K. VILT - $2,167 Keith Moss, MD - $9,849

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
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303119349304070

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