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← RIVERSIDE SENIOR LIVING CENTER

Form 990 for tax year 2023

Filed by RIVERSIDE SENIOR LIVING CENTER.

Totals

Total revenue
$27,599,711
Total expenses
$27,138,342
Contributions and grants received
$56,580
Grants paid
$0
Program service revenue
$26,912,188
Investment income
$615,657
Other revenue
$15,286
Total assets, end of year
$71,341,144
Total liabilities, end of year
$41,825,848
Net assets or fund balances, end of year
$29,515,296
Program services expenses (Part IX)
$23,962,548
Management and general expenses
$3,175,794
Fundraising expenses
$0
Program service expenses (Part III)
$23,962,548

Program services were 88.3% 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

    $56,580

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $11,903,938 · related or exempt $11,903,938

  • 2b · Program service revenue: RENTAL - ASSISTED LIVING

    total $11,841,893 · related or exempt $11,841,893

  • 2c · Program service revenue: RENTAL - INDEPENDENT LIVING

    total $2,974,530 · related or exempt $2,974,530

  • 2d · Program service revenue: Community & Activity Fees

    total $191,827 · related or exempt $191,827

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,206,756 · excluded $1,206,756

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $21,608,142

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

    securities $22,199,241

  • 7c · Gain or loss

    securities -$591,099 · other assets $0

  • 7d · Net gain or loss

    total -$591,099 · excluded -$591,099

  • 11a · Other revenue: MEALS & DIETARY

    total $15,286 · excluded $15,286

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $15,286

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $12,460,014 · program services $11,430,676 · management and general $1,029,338

  • 8 · Pension plan contributions

    total $340,045 · program services $311,953 · management and general $28,092

  • 9 · Other employee benefits

    total $1,304,315 · program services $1,196,564 · management and general $107,751

  • 10 · Payroll taxes

    total $855,625 · program services $784,941 · management and general $70,684

  • 11f · Fees: investment management

    total $67,659 · management and general $67,659

  • 11g · Fees: other

    total $3,688,922 · program services $3,379,735 · management and general $309,187 · fundraising $0

  • 12 · Advertising and promotion

    total $93,471 · program services $93,471

  • 13 · Office expenses

    total $3,332 · program services $3,332

  • 16 · Occupancy

    total $1,051,025 · program services $1,051,025

  • 20 · Interest

    total $638,485 · program services $500,008 · management and general $138,477

  • 22 · Depreciation, depletion and amortization

    total $2,345,521 · program services $2,345,521

  • 23 · Insurance

    total $386,034 · program services $71,532 · management and general $314,502

  • 24a · Other expenses: TAXES

    total $1,180,358 · program services $292,500 · management and general $887,858

  • 24b · Other expenses: FOOD

    total $1,175,334 · program services $1,175,334

  • 24c · Other expenses: SUPPLIES

    total $867,564 · program services $825,997 · management and general $41,567

  • 24d · Other expenses: EQUIPMENT

    total $356,983 · program services $346,222 · management and general $10,761

  • 24e · All other expenses

    total $323,655 · program services $153,737 · management and general $169,918 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,593,999 · end of year $3,508,740

  • 2 · Savings and temporary cash investments

    end of year $364,318

  • 4 · Accounts receivable

    beginning of year $2,195,628 · end of year $1,624,171

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $71,954 · end of year $50,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,707 · end of year $76,810

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

    $75,176,319

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

    $44,253,290

  • 10c · Land, buildings and equipment, net

    beginning of year $32,258,839 · end of year $30,923,029

  • 11 · Investments: publicly traded securities

    beginning of year $29,899,768 · end of year $30,870,968

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,046,963 · end of year $3,922,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,976,209 · end of year $21,754,654

  • 19 · Deferred revenue

    end of year $255,517

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,408,915 · end of year $15,875,028

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $3,280,980 · end of year $3,940,649

  • 27 · Net assets without donor restrictions

    beginning of year $26,264,104 · end of year $29,276,876

  • 28 · Net assets with donor restrictions

    beginning of year $202,650 · end of year $238,420

Mission and programs · 2023

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 2023, THIS FACILITY PROVIDED APPROXIMATELY 31,375 RESIDENT CARE DAYS.

    Expenses $11,758,638 · Revenue $12,089,165

  • 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 2023, APPROXIMATELY 141 OF THE 176 UNITS WERE OCCUPIED FOR THE ENTIRE YEAR.

    Expenses $9,221,766 · Revenue $10,488,844

  • 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 60 WERE OCCUPIED THE ENTIRE YEAR.

    Expenses $2,982,144 · Revenue $4,134,379

  • Community Fees and Activity Fees

    Revenue $199,800

As filed on the 2023 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

  • Phil Kambic

    President/CEO

    Total calculated
    $1,608,631
    From this org
    $0
    From related orgs
    $1,111,991
    Other
    $496,640
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $845,670 related
    Bonus
    $0
    Other
    $0 + $266,321 related
    Deferred
    $0 + $471,624 related
    Nontaxable benefits
    $0 + $25,016 related
    Filer's total
    $0 + $1,608,631 related

  • Jeff Bennett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Hammes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Hoeksta

    Director

    Total calculated
    $0
    Hours/week
    1

  • 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

    Director/Physician

    Total calculated
    $367,105
    From this org
    $0
    From related orgs
    $343,946
    Other
    $23,159
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $245,078 related
    Bonus
    $0 + $60,908 related
    Other
    $0 + $37,960 related
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $13,159 related
    Filer's total
    $0 + $367,105 related

  • Yvonne Christian-Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patricia K Vilt

    Treasurer/CFO

    Total calculated
    $533,918
    From this org
    $0
    From related orgs
    $473,551
    Other
    $60,367
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,346 related
    Bonus
    $0
    Other
    $0 + $65,205 related
    Deferred
    $0 + $36,056 related
    Nontaxable benefits
    $0 + $24,311 related
    Filer's total
    $0 + $533,918 related

  • Rebecca Schiltz

    VP of Post Acute Care

    Total calculated
    $269,473
    From this org
    $0
    From related orgs
    $221,684
    Other
    $47,789
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,302 related
    Bonus
    $0
    Other
    $0 + $5,382 related
    Deferred
    $0 + $13,501 related
    Nontaxable benefits
    $0 + $34,289 related
    Filer's total
    $0 + $269,474 related

  • Benjamin March

    Executive Director

    Total calculated
    $145,911
    From this org
    $124,410
    From related orgs
    $0
    Other
    $21,501
    Hours/week
    40

  • Jill Randles

    MDS Coordinator

    Total calculated
    $145,855
    From this org
    $115,290
    From related orgs
    $0
    Other
    $30,565
    Hours/week
    40

  • Lorely M Mccord

    LPN

    Total calculated
    $117,834
    From this org
    $114,905
    From related orgs
    $0
    Other
    $2,929
    Hours/week
    40

  • Roxanne Fear

    Administrator

    Total calculated
    $138,104
    From this org
    $134,833
    From related orgs
    $0
    Other
    $3,271
    Hours/week
    40

  • Stephanie Hofer

    MDS Coordinator

    Total calculated
    $146,178
    From this org
    $123,688
    From related orgs
    $0
    Other
    $22,490
    Hours/week
    40

  • Bill Douglas

    Former Officer

    Total calculated
    $235,356
    From this org
    $0
    From related orgs
    $179,452
    Other
    $55,904
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,451 related
    Bonus
    $0 + $46,481 related
    Other
    $0 + $520 related
    Deferred
    $0 + $31,387 related
    Nontaxable benefits
    $0 + $24,517 related
    Filer's total
    $0 + $235,356 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, 2023 are as follows: Phillip Kambic - $429,324; Patricia Vilt - $17,756. Amounts included in income for this plan for the year ended December 31, 2023, were as follows: Phillip Kambic - $211,933, Patricia Vilt - $50,291, Bill Douglas - $46,481.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Riverside Ambulatory Surgery CTR LLC

    N/A · Surgery Center · IL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349307258

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