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Nonprofiteer
← LAUDERDALE SENIOR SERVICES INC

Form 990 for tax year 2022

Filed by LAUDERDALE SENIOR SERVICES INC.

Totals

Total revenue
$990,586
Total expenses
$1,497,624
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$966,842
Investment income
$23,744
Other revenue
$0
Total assets, end of year
$2,611,516
Total liabilities, end of year
$3,362,987
Net assets or fund balances, end of year
-$751,471
Program services expenses (Part IX)
$805,742
Management and general expenses
$691,882
Fundraising expenses
$0
Program service expenses (Part III)
$805,742

Program services were 53.8% 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.

  • 2a · Program service revenue: RENTALS

    total $778,088 · related or exempt $778,088

  • 2b · Program service revenue: FOOD SERVICE

    total $134,814 · related or exempt $134,814

  • 2c · Program service revenue: OTHER SERVICE

    total $50,342 · related or exempt $50,342

  • 2d · Program service revenue: HOUSEKEEPING SERVICE

    total $3,120 · related or exempt $3,120

  • 2e · Program service revenue: GUEST MEALS

    total $478 · excluded $478

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

    total $23,744 · excluded $23,744

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $501,685 · management and general $501,685

  • 11c · Fees: accounting

    total $4,733 · management and general $4,733

  • 11g · Fees: other

    total $394,126 · program services $389,116 · management and general $5,010

  • 12 · Advertising and promotion

    total $7,260 · management and general $7,260

  • 13 · Office expenses

    total $16,868 · program services $16,146 · management and general $722

  • 14 · Information technology

    total $9,957 · management and general $9,957

  • 16 · Occupancy

    total $121,194 · program services $120,924 · management and general $270

  • 17 · Travel

    total $410 · management and general $410

  • 20 · Interest

    total $112,754 · program services $112,754

  • 22 · Depreciation, depletion and amortization

    total $147,902 · program services $147,902

  • 23 · Insurance

    total $11,089 · management and general $11,089

  • 24a · Other expenses: ADMINISTRATIVE CHARGE

    total $148,056 · management and general $148,056

  • 24b · Other expenses: MORTGAGE INSURANCE

    total $8,093 · program services $8,093

  • 24c · Other expenses: MAINTENANCE SERVICES

    total $6,520 · program services $6,520

  • 24d · Other expenses: MORTGAGE FEES

    total $4,273 · program services $4,273

  • 24e · All other expenses

    total $2,704 · program services $14 · management and general $2,690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,346 · end of year $178,745

  • 4 · Accounts receivable

    beginning of year $23,734 · end of year $2,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $194,400 · end of year $4,237

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

    $4,267,158

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

    $2,692,751

  • 10c · Land, buildings and equipment, net

    beginning of year $1,572,332 · end of year $1,574,407

  • 15 · Other assets

    beginning of year $1,515,107 · end of year $851,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,472 · end of year $9,454

  • 23 · Secured mortgages and notes payable

    beginning of year $3,366,103 · end of year $3,172,636

  • 25 · Other liabilities

    beginning of year $351,777 · end of year $180,897

  • 27 · Net assets without donor restrictions

    beginning of year -$244,433 · end of year -$751,471

Mission and programs · 2022

Mission

LAUDERDALE SENIOR SERVICES, INC. IS DEDICATED TO PROVIDING HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.

Activities or mission (Part I)

LAUDERDALE SENIOR SERVICES, INC.'S MISSION IS TO PROVIDE HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.

  • LAUDERDALE SENIOR SERVICES IS THE HOUSING CHOICE FOR SOME OF THE MOST ACTIVE OLDER ADULTS IN THE MERIDIAN, MISSISSIPPI AREA. DEDICATED TO SERVING OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE. THE EXPERIENCED STAFF MAKES LAUDERDALE SENIOR SERVICES A HOME WHERE RESIDENTS CAN TRULYENJOY THEIR RETIREMENT WITH SOME OF THE BEST NEIGHBORS IN TOWN. LAUDERDALE SENIOR SERVICES, INC. HAS SIXTY APARTMENTS THAT OFFER GOVERNMENT ASSISTANCE TO THOSE WHO QUALIFY THROUGH A SECTION 8/202 HUD PROGRAM. RENT RATES ARE BASED ON AN INDIVIDUAL'S PERSONAL INCOME/ASSETS AND MEDICAL EXPENSES. LAUDERDALE SENIOR SERVICES OFFER RECREATIONAL, EDUCATIONAL, AND CULTURAL PROGRAMS ON A DAILY BASIS. THE PASTORAL CARE PROGRAM ENSURES THAT RESIDENTS' EMOTIONAL AND SPIRITUAL NEEDS ARE MET WHILE AN EMERGENCY CALL SYSTEM AND SCHEDULED TRANSPORTATION TO A RESIDENT'S DOCTOR OR SHOPPING FOR GROCERIES HELPS MAINTAIN PHYSICAL WELLNESS.

    Expenses $805,742 · Revenue $966,364

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

Listed in Part VII

  • STEVE MCALILLLY

    PRESIDENT/CEO

    Total calculated
    $675,442
    From this org
    $0
    From related orgs
    $501,440
    Other
    $174,002
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,440 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $154,671 related
    Nontaxable benefits
    $0 + $19,331 related
    Filer's total
    $0 + $675,442 related

  • CHRISTIE VANCE

    VICE PRESIDENT/COO

    Total calculated
    $316,451
    From this org
    $0
    From related orgs
    $298,470
    Other
    $17,981
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,470 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,981 related
    Filer's total
    $0 + $316,451 related

  • ROBYN STEPHENS

    EXECUTIVE DIRECTOR

    Total calculated
    $102,467
    From this org
    $0
    From related orgs
    $93,398
    Other
    $9,069
    Hours/week
    13.33 + 26.67 related

  • OTIS GOWDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • LESLIE DUNN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • TONY FOUTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MARY GILMORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • WANDA HASTINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • GEORGE HILL

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • VICKY MCDONNELL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • MAURICE H HALL JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CHRIS LAUDERDALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JO BETH MARANTO

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • JEFF MCCOY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • VAN RAY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • MINA BETH TONINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MICHAEL VAN VECKHOVEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • ANN WEDDINGTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CAY WEDGWORTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JIM ZUELZKE

    VICE PRESIDENT FINANCE

    Total calculated
    $250,541
    From this org
    $0
    From related orgs
    $232,996
    Other
    $17,545
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,996 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,545 related
    Filer's total
    $0 + $250,541 related

  • JEANNE CANTIN

    VICE PRESIDENT/HR

    Total calculated
    $215,885
    From this org
    $0
    From related orgs
    $198,569
    Other
    $17,316
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,569 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,316 related
    Filer's total
    $0 + $215,885 related

  • ANNE-MICHELLE DANIEL

    VICE PRES/LEADERSHIP DEV.

    Total calculated
    $148,996
    From this org
    $0
    From related orgs
    $139,620
    Other
    $9,376
    Hours/week
    1 + 40 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR EMPLOYEES. ALL COMPENSATION IS PAID BY THE ORGANIZATION'S PARENT, MISSISSIPPI METHODIST SENIOR SERVICES, INC. (MMSS). THE EXECUTIVE COMMITTEE OF MMSS' BOARD OF DIRECTORS SERVES AS A COMPENSATION COMMITTEE. THEY REVIEW COMPENSATION STUDIES AVAILABLE FOR SIMILAR ORGANIZATIONS THROUGH LEADING AGE AND CEMO. THE COMPENSATION COMMITTEE WORKS WITH A CONSULTANT TO UPDATE COMPENSATION AT LEAST ONCE EVERY 3 YEARS. THE COMMITTEE USES THE LEADING AGE AND CEMO COMPENSATION STUDIES ANNUALLY. THE COMPENSATION COMMITTEE WORKS TO MAINTAIN COMPENSATION IN THE 60TH PERCENTILE OF THE MARKET. THIS COMMITTEE APPROVES ANY CHANGE MADE TO THE CEO SALARY PACKAGE BASED ON THIS PHILOSOPHY.
PART I, LINE 4B
THE PLAN WAS PUT IN PLACE MAY OF 2020. AT THAT TIME, WE RECOGNIZED 27 YEARS OF SERVICE AS EXPENSE/LIABILITY FOR THE CEO. IF HE IS EMPLOYED UNTIL MARCH 1, 2025, HE IS ENTITLED TO START RECEIVING THE BENEFITS. IF HE WERE TO BECOME DISABLED AND REMAINED LIVING AS OF APRIL 1, 2025, HE IS ENTITLED TO THE BENEFITS BASED ON NUMBER OF YEARS SERVED. IF DECEASED, HIS BENEFICIARIES WOULD BENEFIT BASED ON THE NUMBER OF YEARS SERVED. IF TERMINATED FOR CAUSE PRIOR TO MARCH 1, 2025, HE IS NOT ENTITLED TO ANY BENEFITS. THE DEFERRED COMPENSATION IS LISTED ON BOTH PART VII AND SCHEDULE J UNDER DEFERRED COMPENSATION.

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
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349316004

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