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Nonprofiteer
← BAILEYS GROVE RETIREMENT COMMUNITY INC

Form 990 for tax year 2023

Filed by BAILEYS GROVE RETIREMENT COMMUNITY INC.

Totals

Total revenue
$290,780
Total expenses
$337,854
Contributions and grants received
$1,050
Grants paid
$0
Program service revenue
$289,368
Investment income
$362
Other revenue
$0
Total assets, end of year
$1,773,243
Total liabilities, end of year
$2,992,621
Net assets or fund balances, end of year
-$1,219,378
Program services expenses (Part IX)
$279,861
Management and general expenses
$57,993
Fundraising expenses
$0
Program service expenses (Part III)
$279,861

Program services were 82.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $1,050

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Rental Income

    total $269,089 · related or exempt $269,089 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Carports

    total $3,823 · related or exempt $3,823 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Laundry & Vending

    total $331 · related or exempt $331 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Cable Charges

    total $16,125 · related or exempt $16,125 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $362 · related or exempt $362 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $56,524 · program services $28,262 · management and general $28,262

  • 9 · Other employee benefits

    total $2,294 · program services $1,147 · management and general $1,147

  • 10 · Payroll taxes

    total $4,330 · program services $2,165 · management and general $2,165

  • 11a · Fees: management

    total $25,284 · program services $25,284

  • 11c · Fees: accounting

    total $16,210 · management and general $16,210

  • 13 · Office expenses

    total $9,756 · management and general $9,756

  • 16 · Occupancy

    total $132,114 · program services $132,114

  • 19 · Conferences, conventions and meetings

    total $453 · management and general $453

  • 22 · Depreciation, depletion and amortization

    total $83,380 · program services $83,380

  • 23 · Insurance

    total $7,509 · program services $7,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,832 · end of year $22,927

  • 2 · Savings and temporary cash investments

    beginning of year $128,895 · end of year $123,457

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $317

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $2,272

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

    $3,259,916

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

    $1,651,670

  • 10c · Land, buildings and equipment, net

    beginning of year $1,662,113 · end of year $1,608,246

  • 15 · Other assets

    beginning of year $16,786 · end of year $16,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,468 · end of year $26,921

  • 18 · Grants payable

    beginning of year $2,949,676 · end of year $2,949,676

  • 25 · Other liabilities

    beginning of year $16,786 · end of year $16,024

  • 27 · Net assets without donor restrictions

    beginning of year -$1,172,304 · end of year -$1,219,378

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES.

Activities or mission (Part I)

SUBSIDIZED HOUSING FOR ELDERLY RESIDENTS.

  • PROVIDED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY BY RENTING 43 APARTMENTS THAT ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $279,861 · Revenue $290,780

As filed on the 2023 return.

Listed in Part VII

  • Steve Fetyko

    PRESIDENT & CEO

    Total calculated
    $551,306
    From this org
    $0
    From related orgs
    $520,792
    Other
    $30,514
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,792 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $17,314 related
    Filer's total
    $0 + $551,306 related

  • Nicole Maag

    CHIEF OF RESIDENTIAL SERVICE

    Total calculated
    $318,605
    From this org
    $0
    From related orgs
    $290,027
    Other
    $28,578
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,817 related
    Bonus
    $0 + $18,210 related
    Other
    $0
    Deferred
    $0 + $11,601 related
    Nontaxable benefits
    $0 + $16,977 related
    Filer's total
    $0 + $318,605 related

  • Kim Hoppe

    CFO, PART YEAR

    Total calculated
    $314,003
    From this org
    $0
    From related orgs
    $300,294
    Other
    $13,709
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,439 related
    Bonus
    $0 + $18,855 related
    Other
    $0
    Deferred
    $0 + $12,012 related
    Nontaxable benefits
    $0 + $1,697 related
    Filer's total
    $0 + $314,003 related

  • Kalen Carlson

    CFO, START JAN 2024

    Total calculated
    $191,877
    From this org
    $0
    From related orgs
    $177,215
    Other
    $14,662
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,215 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $7,089 related
    Nontaxable benefits
    $0 + $7,573 related
    Filer's total
    $0 + $191,877 related

  • Michael Shore

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Russ Ives

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Fritz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Wagner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Colleen Dolan Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dick Lundy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Nixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Kidd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Hook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ed Southworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Nahorski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UMRC Detroit AAL Inc

    C · General Partner · MI · 0% owned

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349302400

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