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Nonprofiteer
← PACIFIC RETIREMENT SERVICES INC

Form 990 for tax year 2023

Filed by PACIFIC RETIREMENT SERVICES INC.

Totals

Total revenue
$26,288,444
Total expenses
$23,377,682
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$25,020,608
Investment income
$1,331,480
Other revenue
-$63,644
Total assets, end of year
$72,418,406
Total liabilities, end of year
$6,716,455
Net assets or fund balances, end of year
$65,701,951
Program services expenses (Part IX)
$23,377,682
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$23,377,682

Program services were 100.0% 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: MANAGEMENT FEE REVENUE

    total $17,308,642 · related or exempt $17,308,642

  • 2b · Program service revenue: INFO TECH SVC FEES

    total $2,636,386 · related or exempt $2,636,386

  • 2c · Program service revenue: ACCOUNTING FEES

    total $2,556,548 · related or exempt $2,556,548

  • 2d · Program service revenue: ALL OTHER PROGRAM REVENUE

    total $2,519,032 · related or exempt $2,519,032

  • 3 · Investment income

    total $884,145 · excluded $884,145

  • 7a · Gross sales of assets other than inventory

    securities $447,335

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

    securities $0

  • 7c · Gain or loss

    securities $447,335

  • 7d · Net gain or loss

    total $447,335 · excluded $447,335

  • 11a · Other revenue: PARTNERSHIP INCOME/LOSS

    total -$63,644 · excluded -$63,644

  • 11e · Other revenue, total

    -$63,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 7 · Other salaries and wages

    total $17,995,292 · program services $17,995,292

  • 9 · Other employee benefits

    total $145,784 · program services $145,784

  • 11f · Fees: investment management

    total $21,224 · program services $21,224

  • 11g · Fees: other

    total $2,269,553 · program services $2,269,553

  • 12 · Advertising and promotion

    total $30,883 · program services $30,883

  • 13 · Office expenses

    total $167,314 · program services $167,314

  • 16 · Occupancy

    total $78,607 · program services $78,607

  • 17 · Travel

    total $954,323 · program services $954,323

  • 20 · Interest

    total $155,170 · program services $155,170

  • 22 · Depreciation, depletion and amortization

    total $319,372 · program services $319,372

  • 23 · Insurance

    total $42,550 · program services $42,550

  • 24a · Other expenses: OTHER FACILITY SERVICE

    total $1,173,845 · program services $1,173,845

  • 24b · Other expenses: TAXES

    total $9,765 · program services $9,765

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $4,000 · program services $4,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,133 · end of year $1,136,522

  • 2 · Savings and temporary cash investments

    beginning of year $15,793,274 · end of year $15,548,099

  • 4 · Accounts receivable

    beginning of year $9,828 · end of year $4,555

  • 7 · Other notes and loans receivable

    beginning of year $1,904,373

  • 8 · Inventories for sale or use

    beginning of year $110,766 · end of year $65,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $419,080 · end of year $302,241

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

    $7,872,373

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

    $3,065,118

  • 10c · Land, buildings and equipment, net

    beginning of year $4,892,887 · end of year $4,807,255

  • 12 · Investments: other securities

    beginning of year $5,461,641 · end of year $5,738,346

  • 13 · Investments: program-related

    beginning of year $3,602,221 · end of year $2,741,790

  • 15 · Other assets

    beginning of year $34,992,544 · end of year $42,074,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $450,437 · end of year $1,488,073

  • 24 · Unsecured notes and loans payable

    beginning of year $4,840,083 · end of year $4,716,291

  • 25 · Other liabilities

    beginning of year $451,116 · end of year $512,091

  • 27 · Net assets without donor restrictions

    beginning of year $61,724,111 · end of year $65,701,951

Mission and programs · 2023

Mission

PACIFIC RETIREMENT SERVICES' MISSION IS TO EMPOWER PEOPLE TO LEAD MEANINGFUL LIVES AS THEY AGE.

Activities or mission (Part I)

PROVIDE EXCEPTIONAL LEADERSHIP TO OUR FAMILY OF ORGANIZATIONS TO ENHANCE THE AGING EXPERIENCE.

  • PACIFIC RETIREMENT SERVICES, INC.'S VISION IS CREATING COMMUNITIES TO PROVIDE EACH RESIDENT WITH LIFESTYLE OPPORTUNITIES THAT FACILITATE HEALTHY AGING AND SUPPORT SERVICES TO ENSURE STABILITY AND SECURITY AS RESIDENTS AGE.

    Expenses $23,377,682 · Grants $10,000 · Revenue $25,020,608

As filed on the 2023 return.

Listed in Part VII

  • Eric Sholty

    CEO

    Total calculated
    $907,739
    From this org
    $842,118
    From related orgs
    $0
    Other
    $65,621
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $733,218
    Bonus
    $108,900
    Other
    $0
    Deferred
    $29,706
    Nontaxable benefits
    $35,915
    Filer's total
    $907,739

  • Mary Schoeggl

    CFO (THROUGH MARCH 2024)

    Total calculated
    $823,627
    From this org
    $761,865
    From related orgs
    $0
    Other
    $61,762
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $487,993
    Bonus
    $273,872
    Other
    $0
    Deferred
    $33,006
    Nontaxable benefits
    $28,756
    Filer's total
    $823,627

  • Anthony Sabatini

    COO

    Total calculated
    $594,191
    From this org
    $522,591
    From related orgs
    $0
    Other
    $71,600
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $442,591
    Bonus
    $80,000
    Other
    $0
    Deferred
    $33,006
    Nontaxable benefits
    $38,594
    Filer's total
    $594,191

  • John Howl

    CSO

    Total calculated
    $568,818
    From this org
    $520,333
    From related orgs
    $0
    Other
    $48,485
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $440,333
    Bonus
    $80,000
    Other
    $0
    Deferred
    $33,006
    Nontaxable benefits
    $15,479
    Filer's total
    $568,818

  • Debbie Rayburn

    CHO

    Total calculated
    $520,850
    From this org
    $449,314
    From related orgs
    $0
    Other
    $71,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,103
    Bonus
    $59,211
    Other
    $0
    Deferred
    $33,306
    Nontaxable benefits
    $38,230
    Filer's total
    $520,850

  • Bruce Anders

    CLO

    Total calculated
    $422,409
    From this org
    $380,485
    From related orgs
    $0
    Other
    $41,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,485
    Bonus
    $65,000
    Other
    $0
    Deferred
    $6,212
    Nontaxable benefits
    $35,712
    Filer's total
    $422,409

  • Stephen Eichen

    CIO

    Total calculated
    $420,916
    From this org
    $361,566
    From related orgs
    $0
    Other
    $59,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,886
    Bonus
    $53,680
    Other
    $0
    Deferred
    $21,866
    Nontaxable benefits
    $37,484
    Filer's total
    $420,916

  • Lyndell Smith

    CHRO

    Total calculated
    $357,517
    From this org
    $306,630
    From related orgs
    $0
    Other
    $50,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,068
    Bonus
    $49,562
    Other
    $0
    Deferred
    $20,785
    Nontaxable benefits
    $30,102
    Filer's total
    $357,517

  • Sarah Lynch

    VP, STRATEGIC DEVELOPMENT

    Total calculated
    $342,285
    From this org
    $278,912
    From related orgs
    $0
    Other
    $63,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,412
    Bonus
    $31,500
    Other
    $0
    Deferred
    $40,890
    Nontaxable benefits
    $22,483
    Filer's total
    $342,285

  • Adam Payn

    VP, SALES & COMMUNICATION

    Total calculated
    $337,503
    From this org
    $273,338
    From related orgs
    $0
    Other
    $64,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,333
    Bonus
    $31,005
    Other
    $0
    Deferred
    $26,592
    Nontaxable benefits
    $37,573
    Filer's total
    $337,503

  • Eric Mineart

    VP, STRATEGY AND INNOVATION

    Total calculated
    $315,938
    From this org
    $259,318
    From related orgs
    $0
    Other
    $56,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,068
    Bonus
    $32,250
    Other
    $0
    Deferred
    $19,105
    Nontaxable benefits
    $37,515
    Filer's total
    $315,938

  • Dena Hilton

    EVP, ADMINISTRATION

    Total calculated
    $314,315
    From this org
    $254,704
    From related orgs
    $0
    Other
    $59,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,716
    Bonus
    $38,988
    Other
    $0
    Deferred
    $38,054
    Nontaxable benefits
    $21,557
    Filer's total
    $314,315

  • Todd Albert

    VP, CULINARY SERVICES

    Total calculated
    $296,750
    From this org
    $250,021
    From related orgs
    $0
    Other
    $46,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,241
    Bonus
    $18,780
    Other
    $0
    Deferred
    $34,030
    Nontaxable benefits
    $12,699
    Filer's total
    $296,750

  • Diana Jamison

    CFO (AS OF JANUARY 2024)

    Total calculated
    $409
    From this org
    $409
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Larry Boeck

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Johnson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Doug Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Doug Spani

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Doug Schmor

    ASST SECRETARY (THROUGH DEC 2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sue Center

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pam Claassen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carol Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ray Heysell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Kerr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bob Mayers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeri Reno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Shirrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bill Van Vactor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Roy Vinyard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tiff Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC.'S LEADERSHIP AND APPROVED BY PACIFIC RETIRMENT SERVICES'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE VP OF HUMAN RESOURCES PROVIDED SALARY STUDIES FROM THE FOLLOWING RESOURCES TO THE COMPENSATION COMMITTEE (A COMMITTEE OF THE PRS BOARD OF DIRECTORS) RELATIVE TO EXECUTIVE STAFF COMPENSATION: - SALARY.COM - PAYSCALE.COM - 990 REVIEW (LIKE-SIZE ORGANIZATIONS) - CEMO (CHIEF EXECUTIVE OFFICERS OF MULTI-FACILITY ORGANIZATIONS) SALARY STUDY RESULTS RECOMMENDATIONS FOR BASE COMPENSATION AND INCENTIVES ARE PROVIDED BY THE IMMEDIATE SUPERVISOR BASED ON STUDY FINDINGS AND PERFORMANCE FACTORS.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PRS PROPERTY HOLDINGS LLC

    OFFICE BUILDING · OR · income $360,328 · assets $5,208,411

    Directly controlled by PACIFIC RETIREMENT SERVICES INC

Related corporations and trusts

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

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR · 100% owned · share of income $9,104,051 · share of assets $14,464,671 · controlled entity

    Directly controlled by PACIFIC RETIREMENT SERVICES INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202542259349302619

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