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Nonprofiteer
← THURSTON WOODS VILLAGE INC

Form 990 for tax year 2024

Filed by THURSTON WOODS VILLAGE INC.

Totals

Total revenue
$11,906,860
Total expenses
$12,017,080
Contributions and grants received
$150,037
Grants paid
$0
Program service revenue
$11,490,531
Investment income
$266,292
Other revenue
$0
Total assets, end of year
$24,145,691
Total liabilities, end of year
$17,586,604
Net assets or fund balances, end of year
$6,559,087
Program services expenses (Part IX)
$10,732,246
Management and general expenses
$1,284,834
Fundraising expenses
$0
Program service expenses (Part III)
$10,732,246

Program services were 89.3% 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.

  • 1f · All other contributions, gifts and grants

    $150,037

  • 2a · Program service revenue: MEDICARE/MEDICAID PAYMENTS

    total $4,675,227 · related or exempt $4,675,227

  • 2b · Program service revenue: PRIVATE PAY

    total $3,915,012 · related or exempt $3,915,012

  • 2c · Program service revenue: VILLAGE HOMES & GABLES

    total $1,872,876 · related or exempt $1,872,876

  • 2d · Program service revenue: QUALITY ASSURANCE

    total $563,856 · related or exempt $563,856

  • 2e · Program service revenue: OTHER

    total $341,913 · related or exempt $341,913

  • 2f · All other program service revenue

    total $121,647 · related or exempt $121,647

  • 3 · Investment income

    total $67,544 · excluded $67,544

  • 7a · Gross sales of assets other than inventory

    securities $1,844,989 · other assets $36,610

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

    securities $1,682,851 · other assets $0

  • 7c · Gain or loss

    securities $162,138 · other assets $36,610

  • 7d · Net gain or loss

    total $198,748 · excluded $198,748

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $367,869 · management and general $367,869

  • 7 · Other salaries and wages

    total $5,835,421 · program services $5,695,311 · management and general $140,110

  • 8 · Pension plan contributions

    total $122,502 · program services $104,615 · management and general $17,887

  • 9 · Other employee benefits

    total $862,259 · program services $749,068 · management and general $113,191

  • 10 · Payroll taxes

    total $370,549 · program services $324,595 · management and general $45,954

  • 11b · Fees: legal

    total $7,618 · management and general $7,618

  • 11c · Fees: accounting

    total $50,919 · management and general $50,919

  • 11f · Fees: investment management

    total $11,562 · management and general $11,562

  • 11g · Fees: other

    total $117,259 · program services $117,259

  • 12 · Advertising and promotion

    total $28,806 · program services $1,875 · management and general $26,931

  • 13 · Office expenses

    total $119,941 · program services $75,493 · management and general $44,448

  • 14 · Information technology

    total $112,683 · program services $111,841 · management and general $842

  • 16 · Occupancy

    total $791,470 · program services $759,370 · management and general $32,100

  • 20 · Interest

    total $175,408 · program services $120,776 · management and general $54,632

  • 22 · Depreciation, depletion and amortization

    total $848,522 · program services $848,522

  • 23 · Insurance

    total $290,850 · program services $90,913 · management and general $199,937

  • 24a · Other expenses: QUALITY ASSURANCE ASSES

    total $777,262 · program services $777,262

  • 24b · Other expenses: RESIDENT SERVICES SUPPL

    total $693,627 · program services $693,627

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $255,969 · program services $255,969

  • 24d · Other expenses: OTHER EXPENSES

    total $105,674 · program services $5,750 · management and general $99,924

  • 24e · All other expenses

    total $70,910 · management and general $70,910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700 · end of year $700

  • 2 · Savings and temporary cash investments

    beginning of year $1,789,493 · end of year $1,443,578

  • 4 · Accounts receivable

    beginning of year $1,781,380 · end of year $1,649,202

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,244 · end of year $178,293

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

    $35,348,472

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

    $18,246,458

  • 10c · Land, buildings and equipment, net

    beginning of year $11,756,943 · end of year $17,102,014

  • 12 · Investments: other securities

    beginning of year $313,872 · end of year $313,872

  • 15 · Other assets

    beginning of year $3,203,654 · end of year $3,458,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $836,828 · end of year $673,074

  • 19 · Deferred revenue

    beginning of year $3,615,284 · end of year $3,781,016

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,738,842 · end of year $3,996,569

  • 23 · Secured mortgages and notes payable

    end of year $5,443,355

  • 25 · Other liabilities

    beginning of year $3,133,983 · end of year $3,692,590

  • 27 · Net assets without donor restrictions

    beginning of year $6,445,649 · end of year $6,410,859

  • 28 · Net assets with donor restrictions

    beginning of year $168,700 · end of year $148,228

Mission and programs · 2024

Mission

TEAMING TOGETHER - RESIDENTS, FAMILIES AND ASSOCIATES, AND OUR COMMUNITY, WORKING TO PROVIDE RESPONSIBLE HEALTHCARE AND SERVICES, VALUING EVERY INDIVIDUAL IN THE SPIRIT OF CHRISTIAN LOVE.

  • NURSING HOME & ASSISTED LIVING FOR THE AGED OF THE STURGIS AREA.

    Expenses $10,732,246 · Revenue $11,490,531

As filed on the 2024 return.

Listed in Part VII

  • DEBORA CAPMAN

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARLENE KROEKER

    VICE CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KIMBERLEE BONTRAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREG BLUCKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JANET BYLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NED HAYLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON ALBARRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GARY MAST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEVON MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY KAY SCHULTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BILL LEDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MACKENZIE SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIM STOLL

    CEO

    Total calculated
    $226,743
    From this org
    $207,834
    From related orgs
    $0
    Other
    $18,909
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $207,834
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,909
    Filer's total
    $226,743

  • MARCUS GAUTHIER

    CFO

    Total calculated
    $141,126
    From this org
    $132,608
    From related orgs
    $0
    Other
    $8,518
    Hours/week
    40 + 1 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202610419349302156

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