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Nonprofiteer
← MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC

Form 990 for tax year 2022

Filed by MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC.

Totals

Total revenue
$369,496
Total expenses
$1,062,325
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$369,436
Investment income
$0
Other revenue
$60
Total assets, end of year
$8,993,036
Total liabilities, end of year
$15,577,207
Net assets or fund balances, end of year
-$6,584,171
Program services expenses (Part IX)
$852,114
Management and general expenses
$210,211
Fundraising expenses
$0
Program service expenses (Part III)
$852,114

Program services were 80.2% 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: RESIDENT SERVICE FEES

    total $369,436 · related or exempt $369,436

  • 6a · Gross rents

    real property $60

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $60

  • 6d · Net rental income or loss

    total $60 · related or exempt $60

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $34,230 · management and general $34,230

  • 8 · Pension plan contributions

    total $1,016 · management and general $1,016

  • 9 · Other employee benefits

    total $283 · management and general $283

  • 10 · Payroll taxes

    total $2,619 · management and general $2,619

  • 11b · Fees: legal

    total $12,512 · management and general $12,512

  • 11c · Fees: accounting

    total $5,640 · management and general $5,640

  • 11g · Fees: other

    total $78,306 · program services $78,018 · management and general $288

  • 13 · Office expenses

    total $8,075 · program services $4,599 · management and general $3,476

  • 14 · Information technology

    total $5,353 · management and general $5,353

  • 16 · Occupancy

    total $79,975 · program services $58,999 · management and general $20,976

  • 20 · Interest

    total $169,182 · program services $152,264 · management and general $16,918

  • 22 · Depreciation, depletion and amortization

    total $372,262 · program services $335,036 · management and general $37,226

  • 23 · Insurance

    total $34,194 · management and general $34,194

  • 24a · Other expenses: SHARED EXPENSE ALLOCATI

    total $185,950 · program services $185,950

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $33,876 · program services $33,537 · management and general $339

  • 24c · Other expenses: CORPORATE OVERHEAD

    total $32,680 · management and general $32,680

  • 24d · Other expenses: PERSONAL SERVICES FOR R

    total $3,259 · program services $3,259

  • 24e · All other expenses

    total $2,913 · program services $452 · management and general $2,461

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,128 · end of year $54

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

    $12,901,808

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

    $4,199,344

  • 10c · Land, buildings and equipment, net

    beginning of year $8,972,333 · end of year $8,702,464

  • 14 · Intangible assets

    beginning of year $0 · end of year $290,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,662 · end of year $41,821

  • 19 · Deferred revenue

    beginning of year $846,797 · end of year $854,668

  • 23 · Secured mortgages and notes payable

    beginning of year $3,817,682 · end of year $4,104,000

  • 25 · Other liabilities

    beginning of year $10,185,912 · end of year $10,576,718

  • 27 · Net assets without donor restrictions

    beginning of year -$5,891,342 · end of year -$6,584,171

Mission and programs · 2022

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR SENIOR CITIZENS OF THE COMMUNITY AND, SPECIFICALLY, THE ERECTION, CONSTRUCTION, MAINTENANCE AND OPERATION OF A RETIREMENT HOME AT TAYLOR MILL, KENTON COUNTY, KENTUCKY.

  • MASONIC RETIREMENT VILLAGE OF TAYLOR MILL, INC. OPERATING AS SPRING HILL VILLAGE RETIREMENT COMMUNITY OFFERS ADULTS 55 AND OLDER A COMFORTABLE LIFESTYLE AND LOW-MAINTENANCE LIVING IN A STYLISH GARDEN HOME COMMUNITY. LOCATED IN TAYLOR MILL, SPRING HILL VILLAGE FEATURES A RANCH-STYLE AND WALKOUT GARDEN HOMES IN A VARIETY OF TWO-BEDROOM FLOOR PLANS. SPRING HILL VILLAGE RESIDENTS ENJOY THE FELTMAN COMMUNITY CENTER, FEATURING A FITNESS CENTER FOR DAILY WORKOUTS AND INVITING GATHERING AREAS FOR PRIVATE AND COMMUNITY EVENTS. FOR A MONTHLY MAINTENANCE FEE WE PROVIDE: WATER AND SANITATION SERVICES, REPAIR AND REPLACEMENT OF ALL FURNISHED KITCHEN APPLIANCES, WATER HEATER, FURNANCE AND AIR CONDITIONING BUILDING INSURANCE FOR FIRE AND STORM DAMAGE A COMMUNITY CENTER

    Expenses $852,114 · Revenue $369,496

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

Listed in Part VII

  • E DARREN WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • RICHARD SHORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • TIMOTHY SANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • HAROLD ARMSTRONG

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • TERRY BOWMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • RON CAUGHRON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • MARK H GALLOWAY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • TODD LACY

    PRESIDENT

    Total calculated
    $470,881
    From this org
    $0
    From related orgs
    $440,666
    Other
    $30,215
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,466 related
    Bonus
    $0
    Other
    $0 + $7,200 related
    Deferred
    $0 + $12,141 related
    Nontaxable benefits
    $0 + $18,074 related
    Filer's total
    $0 + $470,881 related

  • J SCOTT JUDY

    CEO

    Total calculated
    $452,429
    From this org
    $0
    From related orgs
    $440,666
    Other
    $11,763
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,466 related
    Bonus
    $0
    Other
    $0 + $7,200 related
    Deferred
    $0 + $5,651 related
    Nontaxable benefits
    $0 + $6,112 related
    Filer's total
    $0 + $452,429 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
THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, USES ALL OF THE ITEMS LISTED TO ESTABLISH COMPENSATION OF THE CEO.

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
27 October 2023
IRS schema version
2022v5.0
Source object
202343129349302944

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