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← LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA

Form 990 for tax year 2022

Filed by LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA.

Totals

Total revenue
$46,915,283
Total expenses
$44,065,773
Contributions and grants received
$5,386,083
Grants paid
$1,892,072
Program service revenue
$40,516,319
Investment income
$984,666
Other revenue
$28,215
Total assets, end of year
$212,350,553
Total liabilities, end of year
$146,401,952
Net assets or fund balances, end of year
$65,948,601
Program services expenses (Part IX)
$40,207,040
Management and general expenses
$3,745,863
Fundraising expenses
$112,870
Program service expenses (Part III)
$40,207,040

Program services were 91.2% 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.

  • 1e · Government grants (contributions)

    $5,118,623

  • 1f · All other contributions, gifts and grants

    $267,460

  • 2a · Program service revenue: INDEPENDENT LIVING FACILITIES

    total $14,747,379 · related or exempt $14,747,379

  • 2b · Program service revenue: NURSING CARE

    total $13,276,380 · related or exempt $13,276,380

  • 2c · Program service revenue: ADMISSION FEES EARNED

    total $4,702,495 · related or exempt $4,702,495

  • 2d · Program service revenue: MEMORY CARE

    total $3,038,144 · related or exempt $3,038,144

  • 2e · Program service revenue: ASSISTED LIVING

    total $2,341,192 · related or exempt $2,341,192

  • 2f · All other program service revenue

    total $2,410,729 · related or exempt $2,410,729

  • 3 · Investment income

    total $623,844 · excluded $623,844

  • 6a · Gross rents

    real property $28,215

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $28,215

  • 6d · Net rental income or loss

    total $28,215 · related or exempt $28,215

  • 7a · Gross sales of assets other than inventory

    securities $11,444,392 · other assets $6,287

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

    securities $10,934,010 · other assets $155,847

  • 7c · Gain or loss

    securities $510,382 · other assets -$149,560

  • 7d · Net gain or loss

    total $360,822 · excluded $360,822

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,723 · program services $142,723

  • 2 · Grants to domestic individuals

    total $1,749,349 · program services $1,749,349

  • 5 · Compensation of officers, directors and key employees

    total $666,449 · management and general $666,449

  • 7 · Other salaries and wages

    total $16,177,431 · program services $15,124,323 · management and general $1,003,529 · fundraising $49,579

  • 8 · Pension plan contributions

    total $461,509 · program services $426,641 · management and general $28,235 · fundraising $6,633

  • 9 · Other employee benefits

    total $2,066,785 · program services $1,943,943 · management and general $95,541 · fundraising $27,301

  • 10 · Payroll taxes

    total $1,243,396 · program services $1,124,349 · management and general $104,293 · fundraising $14,754

  • 11b · Fees: legal

    total $18,511 · management and general $18,511

  • 11c · Fees: accounting

    total $103,366 · management and general $103,366

  • 11f · Fees: investment management

    total $115,256 · management and general $115,256

  • 11g · Fees: other

    total $1,305,359 · program services $1,027,750 · management and general $277,609

  • 12 · Advertising and promotion

    total $123,529 · management and general $123,529

  • 13 · Office expenses

    total $2,765,851 · program services $2,373,552 · management and general $378,498 · fundraising $13,801

  • 14 · Information technology

    total $455,259 · program services $68,077 · management and general $387,182

  • 16 · Occupancy

    total $1,760,002 · program services $1,724,802 · management and general $35,200

  • 17 · Travel

    total $32,019 · program services $21,050 · management and general $10,947 · fundraising $22

  • 20 · Interest

    total $2,465,980 · program services $2,416,660 · management and general $49,320

  • 22 · Depreciation, depletion and amortization

    total $8,804,858 · program services $8,628,761 · management and general $176,097

  • 23 · Insurance

    total $1,187,282 · program services $1,163,536 · management and general $23,746

  • 24a · Other expenses: PATIENT DRUGS AND FOOD

    total $1,298,808 · program services $1,298,808

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $930,155 · program services $930,155

  • 24c · Other expenses: BAD DEBTS

    total $138,944 · management and general $138,944

  • 24d · Other expenses: EDUCATION

    total $52,952 · program services $42,561 · management and general $9,611 · fundraising $780

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $20,202,702 · end of year $21,772,168

  • 4 · Accounts receivable

    beginning of year $1,321,621 · end of year $6,880,724

  • 8 · Inventories for sale or use

    beginning of year $421,049 · end of year $369,027

  • 9 · Prepaid expenses and deferred charges

    beginning of year $94,021 · end of year $41,719

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

    $244,180,267

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

    $85,450,329

  • 10c · Land, buildings and equipment, net

    beginning of year $152,492,910 · end of year $158,729,938

  • 11 · Investments: publicly traded securities

    beginning of year $18,391,370 · end of year $20,266,496

  • 15 · Other assets

    beginning of year $1,428,910 · end of year $4,290,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,098,438 · end of year $7,236,082

  • 19 · Deferred revenue

    beginning of year $62,847,757 · end of year $64,418,522

  • 20 · Tax-exempt bond liabilities

    beginning of year $66,967,483 · end of year $74,747,348

  • 27 · Net assets without donor restrictions

    beginning of year $55,077,957 · end of year $61,153,967

  • 28 · Net assets with donor restrictions

    beginning of year $4,360,948 · end of year $4,794,634

Mission and programs · 2022

Mission

AS A NON-PROFIT BUILT ON CHRISTIAN VALUES, WE CELEBRATE THE PROGRESSION OF LIFE AND DIGNITY OF THE INDIVIDUAL BY EMPOWERING ALL MEMBERS OF OUR COMMUNITY TO LIVE, WORK AND SERVE TO THEIR FULLEST POTENTIAL.

Activities or mission (Part I)

TO PROVIDE COMPREHENSIVE RESIDENTIAL, SOCIAL, AND HEALTH RELATED SERVICES TO THE ELDERLY.

  • OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 104 NURSING CARE BEDS, 36 ASSISTED LIVING UNITS, 434 APARTMENTS, VILLAS AND GARDEN HOMES, AND 32 MEMORY CARE ASSISTED LIVING BEDS. THE NURSING FACILITY PROVIDES SERVICES TO RESIDENTS THROUGH BOTH MEDICARE AND MEDICAID. THE FACILITY ALSO PROVIDES REHABILITATIVE SERVICES INCLUDING PHYSICAL THERAPY, SPEECH THERAPY AND OCCUPATIONAL THERAPY. THIS CONTINUING CARE RETIREMENT COMMUNITY ALSO PROVIDES ADULT DAY CARE AND HOME CARE SERVICES. PARKINSON'S SUPPORT AND CAREGIVER'S SUPPORT IS AVAILABLE ALONG WITH SERVICES FOR OLDER ADULTS WITH DEVELOPMENTALLY DISABLED ADULT CHILDREN.

    Expenses $40,207,040 · Grants $1,892,072 · Revenue $40,544,534

As filed on the 2022 return.

Listed in Part VII

  • Jackie S Cole

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Anthony E Foriest

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Danny Craig Van Fleet

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joy Isley

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Alison Upton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Koester

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Franklin Rhue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry R Tolley Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • K Alexis Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Corum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Menz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reed Laplante

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samuel Sink

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherry Hunt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • T Bruce Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vernetta Bridges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pamela S Fox

    PRESIDENT/CEO

    Total calculated
    $691,714
    From this org
    $640,128
    From related orgs
    $0
    Other
    $51,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,377
    Bonus
    $0
    Other
    $358,751
    Deferred
    $34,063
    Nontaxable benefits
    $17,523
    Filer's total
    $691,714

  • Brent Conklin

    CFO

    Total calculated
    $212,108
    From this org
    $188,619
    From related orgs
    $0
    Other
    $23,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,619
    Bonus
    $0
    Other
    $0
    Deferred
    $7,534
    Nontaxable benefits
    $15,955
    Filer's total
    $212,108

  • Kimberly Thomas

    HRO

    Total calculated
    $134,414
    From this org
    $120,422
    From related orgs
    $0
    Other
    $13,992
    Hours/week
    40

  • Lauren Cook

    HC ADMINISTRATOR

    Total calculated
    $161,885
    From this org
    $131,417
    From related orgs
    $0
    Other
    $30,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,417
    Bonus
    $0
    Other
    $0
    Deferred
    $5,188
    Nontaxable benefits
    $25,280
    Filer's total
    $161,885

  • Laura McDaniel

    DIRECTOR OF RESIDENT & COMMUNITY RESOURCES

    Total calculated
    $128,761
    From this org
    $114,871
    From related orgs
    $0
    Other
    $13,890
    Hours/week
    40

  • Anthony Ellis

    FOOD SERVICES DIRECTOR THRU 6.9.23

    Total calculated
    $126,451
    From this org
    $104,772
    From related orgs
    $0
    Other
    $21,679
    Hours/week
    40

  • Sviatlana Barber

    DIRECTOR OF NURSING/NURSING WEEKEND SUPERVISOR

    Total calculated
    $121,076
    From this org
    $107,978
    From related orgs
    $0
    Other
    $13,098
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 4B
PAMELA S. FOX, PRESIDENT/CEO - 457(B) DEFERRED COMPENSATION PLAN CONTRIBUTION FOR THE YEAR WAS $22,500. THIS CONTRIBUTION IS ACCRUED BY THE ORGANIZATION AND IS NOT INCLUDED IN TAXABLE COMPENSATION UNTIL RECEIVED.
SCHEDULE J, PART II, COLUMN C
THE 457(F) DEFERRED COMPENSATION PLAN CONTRIBUTIONS FOR FYE 2019.09.30 AND FYE 2018.09.30 FOR PAMELA S. FOX, PRESIDENT/CEO IN THE AMOUNTS OF $55,000 AND $50,000 WERE INADVERTENTLY OMITTED FROM PART II, COLUMN C, BUT WERE DISCLOSED AS A RESPONSE TO PART I, LINE 4B. THESE AMOUNTS WERE INCLUDED IN THE $358,751 457(F) DEFERRED COMPENSATION PAYOUT TO PAMELA S. FOX DURING CALENDAR YEAR 2022 (FYE 2022.09.30). ADDITIONALLY, 457(B) DEFERRED COMPENSATION PLAN CONTRIBUTIONS FOR FYE 2022.09.30 AND FYE 2021.09.30 FOR PAMELA S. FOX, PRESIDENT/CEO IN THE AMOUNTS OF $20,500 AND $19,500 WERE INADVERTENTLY OMITTED FROM PART II, COLUMN C, BUT WERE DISCLOSED AS A RESPONSE TO PART I, LINE 4B.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 January 2024
IRS schema version
2022v5.0
Source object
202440269349300009

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