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Nonprofiteer
← ST ANNES TERRACE INC

Form 990 for tax year 2023

Filed by ST ANNES TERRACE INC.

Totals

Total revenue
$4,192,652
Total expenses
$4,638,350
Contributions and grants received
$14,795
Grants paid
$0
Program service revenue
$4,137,159
Investment income
$40,698
Other revenue
$0
Total assets, end of year
$7,033,180
Total liabilities, end of year
$609,254
Net assets or fund balances, end of year
$6,423,926
Program services expenses (Part IX)
$3,771,191
Management and general expenses
$867,159
Fundraising expenses
$0
Program service expenses (Part III)
$3,771,191

Program services were 81.3% 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

    $14,795

  • 2a · Program service revenue: RENTAL FEES

    total $3,874,264 · related or exempt $3,874,264

  • 2b · Program service revenue: RESIDENT SERVICES

    total $106,274 · related or exempt $106,274

  • 2c · Program service revenue: COMMUNITY FEES

    total $101,625 · related or exempt $101,625

  • 2d · Program service revenue: OTHER RESIDENT SERVICE

    total $54,996 · related or exempt $54,996

  • 3 · Investment income

    total $76,249 · excluded $76,249

  • 7a · Gross sales of assets other than inventory

    securities $125,000 · other assets $199,411

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

    securities $125,000 · other assets $234,962

  • 7c · Gain or loss

    securities $0 · other assets -$35,551

  • 7d · Net gain or loss

    total -$35,551 · excluded -$35,551

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $242,427 · management and general $242,427

  • 7 · Other salaries and wages

    total $1,879,039 · program services $1,615,604 · management and general $263,435

  • 8 · Pension plan contributions

    total $41,923 · program services $23,594 · management and general $18,329

  • 9 · Other employee benefits

    total $287,725 · program services $239,850 · management and general $47,875

  • 10 · Payroll taxes

    total $166,199 · program services $129,520 · management and general $36,679

  • 11b · Fees: legal

    total $9,771 · management and general $9,771

  • 11c · Fees: accounting

    total $25,491 · management and general $25,491

  • 11g · Fees: other

    total $305,103 · program services $217,746 · management and general $87,357

  • 12 · Advertising and promotion

    total $61,370 · management and general $61,370

  • 13 · Office expenses

    total $315,000 · program services $243,941 · management and general $71,059

  • 16 · Occupancy

    total $365,539 · program services $364,275 · management and general $1,264

  • 22 · Depreciation, depletion and amortization

    total $309,449 · program services $307,915 · management and general $1,534

  • 23 · Insurance

    total $84,169 · program services $83,751 · management and general $418

  • 24a · Other expenses: FOOD

    total $350,377 · program services $350,227 · management and general $150

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $123,182 · program services $123,182

  • 24c · Other expenses: PROGRAMMING

    total $58,581 · program services $58,581

  • 24d · Other expenses: FUNDS EXPENSES

    total $13,005 · program services $13,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,465,509 · end of year $561,363

  • 2 · Savings and temporary cash investments

    beginning of year $112,625 · end of year $4,371

  • 4 · Accounts receivable

    beginning of year $18,323 · end of year $5,889

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,256 · end of year $117,272

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

    $13,252,992

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

    $10,054,803

  • 10c · Land, buildings and equipment, net

    beginning of year $2,443,237 · end of year $3,198,189

  • 12 · Investments: other securities

    beginning of year $2,780,203 · end of year $3,117,665

  • 15 · Other assets

    beginning of year $28,411 · end of year $28,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,071 · end of year $210,124

  • 19 · Deferred revenue

    beginning of year $61,951 · end of year $379,015

  • 25 · Other liabilities

    beginning of year $193,746 · end of year $20,115

  • 27 · Net assets without donor restrictions

    beginning of year $6,254,039 · end of year $6,320,766

  • 28 · Net assets with donor restrictions

    beginning of year $225,757 · end of year $103,160

Mission and programs · 2023

Mission

THE MISSION OF ST. ANNE'S TERRACE IS TO PROVIDE EXCELLENCE IN HOUSING AND SERVICES IN A FAITH-BASED COMMUNITY, SO RESIDENTS MAY FLOURISH.

  • PROVIDE RESIDENTIAL HOUSING SERVICES FOR THE ELDERLY INCLUDING DIETARY, HOUSEKEEPING, SECURITY, MAINTENANCE, AND OTHER SERVICES FOR APPROXIMATELY 100 RESIDENTS.

    Expenses $3,771,191 · Revenue $4,137,159

As filed on the 2023 return.

Listed in Part VII

  • William Bray Bourne IV

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Lichtenstein

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Kinser

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Mohan Raj

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Baugher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • The Rev Nan Baxter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Judith Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Childers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Buddy Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathie Larkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Winnie P Pannell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Ruen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James M Sibley Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pamela Tisdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Brooks

    EXECUTIVE DIRECTOR

    Total calculated
    $159,609
    From this org
    $143,839
    From related orgs
    $0
    Other
    $15,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,839
    Bonus
    $0
    Other
    $0
    Deferred
    $6,740
    Nontaxable benefits
    $9,030
    Filer's total
    $159,609

  • Keith Golden

    FINANCE DIRECTOR

    Total calculated
    $112,210
    From this org
    $98,588
    From related orgs
    $0
    Other
    $13,622
    Hours/week
    40

  • Terri Monroe

    ASSOCIATE DIRECTOR

    Total calculated
    $157,692
    From this org
    $148,112
    From related orgs
    $0
    Other
    $9,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,112
    Bonus
    $0
    Other
    $0
    Deferred
    $6,975
    Nontaxable benefits
    $2,605
    Filer's total
    $157,692

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

The filer's explanations (Part III)

PART I, LINE 3
SEE RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349304303

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