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Nonprofiteer
← MEADOWBROOK TERRACE INC

Form 990 for tax year 2023

Filed by MEADOWBROOK TERRACE INC.

Totals

Total revenue
$1,844,649
Total expenses
$2,763,353
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,829,389
Investment income
$0
Other revenue
$15,260
Total assets, end of year
$8,103,210
Total liabilities, end of year
$2,862,770
Net assets or fund balances, end of year
$5,240,440
Program services expenses (Part IX)
$2,046,870
Management and general expenses
$716,483
Fundraising expenses
$0
Program service expenses (Part III)
$2,046,870

Program services were 74.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $1,829,389 · related or exempt $1,829,389 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: CAFE REVENUE AND MEALS SOLD

    total $1,566 · related or exempt $0 · unrelated business $0 · excluded $1,566

  • 11b · Other revenue: OTHER FEES

    total $13,694 · related or exempt $13,694 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $15,260

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,209 · management and general $134,209

  • 7 · Other salaries and wages

    total $1,405,684 · program services $1,107,860 · management and general $297,824

  • 8 · Pension plan contributions

    total $6,853 · program services $4,968 · management and general $1,885

  • 9 · Other employee benefits

    total $176,353 · program services $136,330 · management and general $40,023

  • 10 · Payroll taxes

    total $153,141 · program services $111,019 · management and general $42,122

  • 11b · Fees: legal

    total -$7,503 · management and general -$7,503

  • 12 · Advertising and promotion

    total $2,694 · management and general $2,694

  • 16 · Occupancy

    total $167,937 · program services $145,733 · management and general $22,204

  • 17 · Travel

    total $1,486 · management and general $1,486

  • 22 · Depreciation, depletion and amortization

    total $278,291 · program services $278,291

  • 23 · Insurance

    total $34,557 · management and general $34,557

  • 24a · Other expenses: SUPPLIES

    total $230,888 · program services $228,802 · management and general $2,086 · fundraising $0

  • 24b · Other expenses: PURCHASED SERVICES

    total $111,884 · program services $29,027 · management and general $82,857 · fundraising $0

  • 24c · Other expenses: OTHER PROF FEES

    total $66,879 · program services $4,840 · management and general $62,039 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $213,233 · end of year $69,316

  • 2 · Savings and temporary cash investments

    beginning of year $10,766 · end of year $33,090

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $55,008 · end of year $160,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,578 · end of year $40,538

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

    $10,850,337

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

    $3,050,653

  • 10c · Land, buildings and equipment, net

    beginning of year $8,068,673 · end of year $7,799,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,518 · end of year $68,648

  • 19 · Deferred revenue

    beginning of year $26,969 · end of year $57,255

  • 21 · Escrow or custodial account liability

    beginning of year $12,168 · end of year $34,278

  • 23 · Secured mortgages and notes payable

    beginning of year $140,925 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,997,534 · end of year $2,702,589

  • 27 · Net assets without donor restrictions

    beginning of year $6,159,144 · end of year $5,240,440

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

MEADOWBROOK TERRACE STRIVES TO PROVIDE A COMFORTABLE SETTING TO ASSIST ITS RESIDENTS WITH MAINTAINING THE NORMALCY OF DAILY ACTIVITIES THAT THEY MAY NOT BE ABLE TO ACHIEVE ON THEIR OWN. 24 HOUR SECURITY IS PROVIDED TO ALLOW FOR A SAFE ENVIRONMENT FOR RESIDENTS.

Activities or mission (Part I)

MEADOWBROOK TERRACE INC. STRIVES TO PROVIDE A COMFORTABLE SETTING TO ASSIST ITS RESIDENTS WITH LIVING COMFORTABLY AND MAINTAINING THE NORMALCY OF DAILY ACTIVITIES THAT THEY MAY NOT BE ABLE TO ACHIEVE ON THEIR OWN. MEADOWBROOK TERRACE INC. OFFERS ITS RESIDENTS A SENSE OF INDEPENDENCE, FREEDOM AND PRIVACY WITH SECURITY 24 HOURS OF THE DAY. 24 HOUR SUPERVISION ALLOWS A SAFE AND SECURE LIVING ENVIRONMENT FOR RESIDENTS.

  • MEADOWBROOK TERRACE INC OPERATES A 60 RESIDENT ASSISTED LIVING FACILITY THAT ALLOWS RESIDENTS TO LEAD AN UNINTERRUPTED LIFESTYLE.

    Expenses $2,046,870 · Revenue $1,829,389

As filed on the 2023 return.

Listed in Part VII

  • RICH DUVALL

    DIRECTOR

    Total calculated
    $686,723
    From this org
    $0
    From related orgs
    $649,370
    Other
    $37,353
    Hours/week
    1 + 41 related

  • ROB BLOOM

    CFO

    Total calculated
    $138,350
    From this org
    $0
    From related orgs
    $106,166
    Other
    $32,184
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $101,670 related
    Bonus
    $0 + $36,680 related
    Other
    $0
    Deferred
    $0 + $150 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $138,500 related

  • HEATHER SASKI

    ADMINISTRATOR

    Total calculated
    $134,209
    From this org
    $0
    From related orgs
    $122,507
    Other
    $11,702
    Hours/week
    40

  • MATTHEW CERVINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEN PREMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALE KLOCK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIE WARD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH ELLIOT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ADAM FULLER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 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

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202443209349321854

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