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← GENESIS HEALTHCARE SYSTEM -GROUP RETURN-

Form 990 for tax year 2022

Filed by GENESIS HEALTHCARE SYSTEM -GROUP RETURN-.

Totals

Total revenue
$3,238,277
Total expenses
$7,518,577
Contributions and grants received
$1,125,645
Grants paid
$31,100
Program service revenue
$0
Investment income
$1,893,193
Other revenue
$219,439
Total assets, end of year
$66,448,793
Total liabilities, end of year
$126,568
Net assets or fund balances, end of year
$66,322,225
Program services expenses (Part IX)
$6,433,459
Management and general expenses
$1,084,701
Fundraising expenses
$417
Program service expenses (Part III)
$6,433,459

Program services were 85.6% 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

    $1,125,645

  • 3 · Investment income

    total $1,888,193 · excluded $1,888,193

  • 7a · Gross sales of assets other than inventory

    other assets $5,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $5,000

  • 7d · Net gain or loss

    total $5,000 · excluded $5,000

  • 10a · Gross sales of inventory

    $612,331

  • 10b · Cost of goods sold

    $392,892

  • 10c · Net income from sales of inventory

    total $219,439 · excluded $219,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,200 · program services $14,200

  • 2 · Grants to domestic individuals

    total $16,900 · program services $16,900

  • 7 · Other salaries and wages

    total $358,810 · program services $332,263 · management and general $26,358 · fundraising $189

  • 10 · Payroll taxes

    total $29,723 · program services $27,524 · management and general $2,183 · fundraising $16

  • 11g · Fees: other

    total $214,263 · program services $140,707 · management and general $73,556

  • 13 · Office expenses

    total $1,830,334 · program services $852,404 · management and general $977,930

  • 16 · Occupancy

    total $3,862 · management and general $3,862

  • 22 · Depreciation, depletion and amortization

    total $13,151 · program services $12,528 · management and general $411 · fundraising $212

  • 24a · Other expenses: INTERCOMPANY TRANSFERS

    total $5,036,584 · program services $5,036,584

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $750 · program services $349 · management and general $401

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,784 · end of year $5

  • 2 · Savings and temporary cash investments

    beginning of year $2,760,136 · end of year $523,259

  • 3 · Pledges and grants receivable

    beginning of year $1,359,670 · end of year $1,228,680

  • 4 · Accounts receivable

    beginning of year $3,257 · end of year $6,017

  • 7 · Other notes and loans receivable

    beginning of year $9 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $153,921 · end of year $91,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,129 · end of year $1,127

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

    $341,916

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

    $211,036

  • 10c · Land, buildings and equipment, net

    beginning of year $140,960 · end of year $130,880

  • 11 · Investments: publicly traded securities

    beginning of year $55,083,212 · end of year $45,172,571

  • 12 · Investments: other securities

    beginning of year $20,577,401 · end of year $17,163,187

  • 15 · Other assets

    beginning of year $2,352,787 · end of year $2,131,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,672 · end of year $97,664

  • 25 · Other liabilities

    beginning of year $48,123 · end of year $28,904

  • 27 · Net assets without donor restrictions

    beginning of year $54,603,122 · end of year $42,112,124

  • 28 · Net assets with donor restrictions

    beginning of year $27,765,349 · end of year $24,210,101

Mission and programs · 2022

Mission

TO PROMOTE CHARITABLE SUPPORT FOR GENESIS HEALTHCARE SYSTEM AS WE SHARE ITS MISSION TO PROVIDE COMPASSIONATE, QUALITY HEALTHCARE.

  • THE AFFILIATES OF GENESIS HEALTHCARE SYSTEM (THE "HOSPITAL"), A 501(C)(3) ORGANIZATION, HAVE ELECTED TO BE INCLUDED IN A GROUP RETURN. HOWEVER, EACH AFFILIATE HAS SEPARATELY STATED ITS 2020 PROGRAM SERVICE ACCOMPLISHMENTS BELOW:GENESIS HEALTHCARE FOUNDATION:GENESIS HEALTHCARE FOUNDATION PROVIDES FUNDING TO GENESIS HEALTHCARE SYSTEM FOR THE NEWLY COMPLETED HOSPITAL, AS WELL AS MISCELLANEOUS MAJOR AND MINOR MEDICAL EQUIPMENT, VARIOUS PROGRAMS, AND EDUCATION. ALL OF THE ASSETS OF BETHESDA HEALTH FOUNDATION AND GOOD SAMARITAN MEDICAL CENTER FOUNDATION WERE TRANSFERRED TO GENESIS HEALTHCARE FOUNDATION IN 1999.CARESERVE:CARESERVE PROVIDED SKILLED NURSING CARE THROUGH ITS TWO FACILITIES, LOCATED IN ZANESVILLE AND MCCONNELSVILLE, UNTIL THE BEDS FROM BOTH FACILITIES AND PROPERTY FROM MCCONNELSVILLE WERE SOLD IN OCTOBER 2010. THE ZANESVILLE PROPERTY WAS LEASED TO THE NEW OWNERS UNTIL NOVEMBER OF 2013. THE NET BOOK VALUE OF THE PROPERTY WAS THEN TRANSFERRED TO GENESIS HEALTHCARE SYSTEM TO HOUSE THEIR BEHAVIORAL HEALTH SERVICES.BETHESDA HOSPITALITY SHOP:BETHESDA HOSPITALITY SHOP AND EVENTS ARE RUN BY VOLUNTEERS, USING PROCEEDS FROM SALES.

    Expenses $6,402,359

  • PROVIDED $31,100 IN SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN HEALTHCARE IN ACCORDANCE WITH DONOR GUIDELINES.

    Expenses $31,100 · Grants $31,100

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

Listed in Part VII

  • JOHN ZIMMERMAN MD

    BOARD CHAIR

    Total calculated
    $309,652
    From this org
    $0
    From related orgs
    $303,817
    Other
    $5,835
    Hours/week
    0.8 + 49.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,817 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,470 related
    Nontaxable benefits
    $0 + $4,365 related
    Filer's total
    $0 + $309,652 related

  • THOMAS RUGGLES MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • SR MAUREEN ANNE SHEPARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8 + 1.15 related

  • HANNA LUBURGH-AGIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • RYAN DODSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • CHERYL DREIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • ERIC HOLSKY

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8

  • DEBBIE KESSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • PAUL MASTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • MEGAN MCLAIN-DURST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • ASHLEY MOYER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8

  • JODY SPENCER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.8

  • SCOTT WEBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • MATTHEW PERRY

    PRESIDENT/CEO

    Total calculated
    $1,030,041
    From this org
    $0
    From related orgs
    $996,462
    Other
    $33,579
    Hours/week
    0.8 + 49.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $845,796 related
    Bonus
    $0 + $150,666 related
    Other
    $0
    Deferred
    $0 + $3,907 related
    Nontaxable benefits
    $0 + $29,672 related
    Filer's total
    $0 + $1,030,041 related

  • MICHAEL NORMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $785,329
    From this org
    $0
    From related orgs
    $750,109
    Other
    $35,220
    Hours/week
    0.8 + 49.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,519 related
    Bonus
    $0 + $115,681 related
    Other
    $0 + $140,909 related
    Deferred
    $0 + $6,963 related
    Nontaxable benefits
    $0 + $28,257 related
    Filer's total
    $0 + $785,329 related

  • JERRY NOLDER

    EXECUTIVE DIRECTOR

    Total calculated
    $164,594
    From this org
    $0
    From related orgs
    $161,344
    Other
    $3,250
    Hours/week
    0.8 + 49.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,598 related
    Bonus
    $0 + $11,746 related
    Other
    $0
    Deferred
    $0 + $1,300 related
    Nontaxable benefits
    $0 + $1,950 related
    Filer's total
    $0 + $164,594 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

None.

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 1, LINE 3:
A RELATED ORGANIZATION, GENESIS HEALTHCARE SYSTEM, ESTABLISHES COMPENSATION OF THE ORGANIZATION'S CEO THROUGH A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349319916

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