Skip to content
Nonprofiteer
← COPPER RIDGE INC

Form 990 for tax year 2022

Filed by COPPER RIDGE INC.

Totals

Total revenue
$103,309
Total expenses
$16,666
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$292
Other revenue
$103,017
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$6,541
Management and general expenses
$10,125
Fundraising expenses
$0
Program service expenses (Part III)
$6,541

Program services were 39.2% 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.

  • 3 · Investment income

    total $365 · excluded $365

  • 6a · Gross rents

    real property $103,017

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $103,017

  • 6d · Net rental income or loss

    total $103,017 · excluded $103,017

  • 7a · Gross sales of assets other than inventory

    securities $78,572

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

    securities $78,645

  • 7c · Gain or loss

    securities -$73

  • 7d · Net gain or loss

    total -$73 · excluded -$73

Functional expenses

Part IX, the statement of functional expenses.

  • 23 · Insurance

    total $6,541 · program services $6,541

  • 24a · Other expenses: HMS LTC REVIEW

    total $9,719 · management and general $9,719

  • 24b · Other expenses: TRUST & BANK MGMT SVCS

    total $406 · management and general $406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,080 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,876,531 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $482,518 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $4,385,947 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$2,499,474 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $473,656 · end of year $0

Mission and programs · 2022

Mission

AS AN ACTS RETIREMENT-LIFE COMMUNITY, COPPER RIDGE, INC. WAS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE. EFFECTIVE JULY 1, 2020, COPPER RIDGE NO LONGER PROVIDES COMPREHENSIVE LIFE CARE SERVICES AS IT SOLD THE BUILDING, THE REAL ESTATE, PERSONAL PROPERTY AND THE BED RIGHTS TO AN UNRELATED ORGANIZATION AND IS IN WIND-DOWN.

Activities or mission (Part I)

THE PURPOSE OF COPPER RIDGE, INC. IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.

  • EFFECTIVE JULY 1, 2020, COPPER RIDGE NO LONGER PROVIDES COMPREHENSIVE LIFE CARE SERVICES AS IT SOLD THE BUILDING, THE REAL ESTATE, PERSONAL PROPERTY, AND THE BED RIGHTS TO AN UNRELATED ORGANIZATION, SYKESVILLE MD PROPCO, LLC.

    Expenses $6,541

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

Listed in Part VII

  • GERALD T GRANT

    CEO & CHAIRMAN

    Total calculated
    $1,360,520
    From this org
    $0
    From related orgs
    $818,586
    Other
    $541,934
    Hours/week
    0.1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $602,062 related
    Bonus
    $0 + $216,524 related
    Other
    $0
    Deferred
    $0 + $527,221 related
    Nontaxable benefits
    $0 + $14,713 related
    Filer's total
    $0 + $1,360,520 related

  • KAREN I CHRISTIANSEN

    PRESIDENT & VICE CHAIRMAN

    Total calculated
    $805,791
    From this org
    $0
    From related orgs
    $593,046
    Other
    $212,745
    Hours/week
    0.1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,870 related
    Bonus
    $0 + $148,176 related
    Other
    $0
    Deferred
    $0 + $194,451 related
    Nontaxable benefits
    $0 + $18,294 related
    Filer's total
    $0 + $805,791 related

  • SUSAN B ALLMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • JOHN L ESTERHAI JR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.2 related

  • ELRIC C GERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.9 related

  • DILIP A KULATHUM

    DIRECTOR (TO 12/4/22)

    Total calculated
    $0
    Hours/week
    0.1 + 5 related

  • JAMES RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ANNE WEATHERHOLT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • MARVIN MASHNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.75 related

  • GLENN D FOX

    SECRETARY

    Total calculated
    $824,418
    From this org
    $0
    From related orgs
    $463,488
    Other
    $360,930
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,548 related
    Bonus
    $0 + $98,940 related
    Other
    $0
    Deferred
    $0 + $346,217 related
    Nontaxable benefits
    $0 + $14,713 related
    Filer's total
    $0 + $824,418 related

  • JONATHAN D GRANT

    ASSISTANT SECRETARY

    Total calculated
    $406,827
    From this org
    $0
    From related orgs
    $381,300
    Other
    $25,527
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,944 related
    Bonus
    $0 + $73,356 related
    Other
    $0
    Deferred
    $0 + $7,278 related
    Nontaxable benefits
    $0 + $18,249 related
    Filer's total
    $0 + $406,827 related

  • SUSAN AHERN

    TREASURER

    Total calculated
    $344,108
    From this org
    $0
    From related orgs
    $313,772
    Other
    $30,336
    Hours/week
    0.1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,606 related
    Bonus
    $0 + $59,166 related
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $18,136 related
    Filer's total
    $0 + $344,108 related

  • PEGGY C VALDIVIA

    ASSISTANT TREASURER

    Total calculated
    $234,993
    From this org
    $0
    From related orgs
    $208,602
    Other
    $26,391
    Hours/week
    0.1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,090 related
    Bonus
    $0 + $31,512 related
    Other
    $0
    Deferred
    $0 + $8,482 related
    Nontaxable benefits
    $0 + $17,909 related
    Filer's total
    $0 + $234,993 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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
THE ORGANIZATION HAS AN ANNUAL BOARD OF DIRECTORS' EDUCATIONAL RETREAT NEAR ONE OR MORE OF THE ORGANIZATION'S COMMUNITIES, WHICH MAY REQUIRE SOME OR ALL BOARD MEMBERS TO TRAVEL. SPOUSES OF BOARD MEMBERS ARE ALSO INVITED TO ATTEND AT THE COMPANY'S EXPENSE. THESE SPOUSES PARTICIPATE IN EDUCATIONAL SESSIONS, SINCE THEY TOO HAVE AN INTEREST IN THE MISSION OF THE ORGANIZATION, FREQUENTLY BECOME INVOLVED IN DISCUSSION OF THEIR SPOUSE'S ROLE AND HOW THE ORGANIZATION FUNCTIONS, AND ALSO MUST PROVIDE ENABLING SUPPORT TO THE BOARD MEMBER. IN ADDITION, SPOUSES ALSO PROVIDE INSIGHT INTO THE EFFECTS OF ORGANIZATIONAL PLANS AND STRATEGIES. AS SUCH, THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3
IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM THE COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, AND IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR.
PART I, LINE 4B
OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN AND GERALD T. GRANT INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $182,251 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $334,017 FOR GLENN D. FOX (NON-VESTED), AND $515,021 FOR GERALD T. GRANT (NON-VESTED).

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • INTEGRACE INC

    $824

    Liquidation · CASH · Dec 31, 2022 · 501(C)(3)

  • INTEGRACE INC

    $422,384

    Liquidation · INVESTMENTS - PUBLICLY TRADED SECURITIES · Dec 31, 2022 · 501(C)(3)

  • INTEGRACE INC

    $1,524,542

    Liquidation · CAPITAL LEASES · Dec 31, 2022 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349300348

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.