Totals
- Total revenue
- $21,882,462
- Total expenses
- $23,693,693
- Contributions and grants received
- $405,467
- Grants paid
- $13,135
- Program service revenue
- $19,494,705
- Investment income
- $266,973
- Other revenue
- $1,715,317
- Total assets, end of year
- $51,187,122
- Total liabilities, end of year
- $48,329,656
- Net assets or fund balances, end of year
- $2,857,466
- Program services expenses (Part IX)
- $19,058,823
- Management and general expenses
- $4,509,635
- Fundraising expenses
- $125,235
- Program service expenses (Part III)
- $19,058,823
Program services were 80.4% 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)
$51,605
-
1f · All other contributions, gifts and grants
$353,862
-
2a · Program service revenue: NET RESIDENT SVC REV
total $19,477,636 · related or exempt $19,477,636
-
2b · Program service revenue: PA NURSING HM ASSESSMT
total $17,069 · related or exempt $17,069
-
3 · Investment income
total $225,597 · excluded $225,597
-
6a · Gross rents
real property $3,000
-
6b · Less rental expenses
real property $310
-
6c · Rental income or loss
real property $2,690
-
6d · Net rental income or loss
total $2,690 · excluded $2,690
-
7a · Gross sales of assets other than inventory
securities $2,205,294
-
7b · Less cost or other basis and sales expenses
securities $2,102,133 · other assets $61,785
-
7c · Gain or loss
securities $103,161 · other assets -$61,785
-
7d · Net gain or loss
total $41,376 · excluded $41,376
-
11a · Other revenue: INSURANCE RECOVERY
total $1,524,458 · excluded $1,524,458
-
11b · Other revenue: BARBER/BEAUTY SHOP REVENUE
total $76,385 · excluded $76,385
-
11c · Other revenue: MEAL REVENUE
total $69,114 · excluded $69,114
-
11d · All other revenue
total $42,670 · excluded $42,670
-
11e · Other revenue, total
$1,712,627
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,135 · program services $13,135
-
5 · Compensation of officers, directors and key employees
total $768,469 · management and general $768,469
-
7 · Other salaries and wages
total $7,637,627 · program services $6,256,704 · management and general $1,282,199 · fundraising $98,724
-
8 · Pension plan contributions
total $159,054 · management and general $159,054
-
9 · Other employee benefits
total $1,131,943 · program services $919,404 · management and general $212,539
-
10 · Payroll taxes
total $596,152 · program services $458,321 · management and general $130,094 · fundraising $7,737
-
11a · Fees: management
total $330,190 · management and general $330,190
-
11b · Fees: legal
total $293,303 · management and general $293,303
-
11c · Fees: accounting
total $63,947 · management and general $63,947
-
11f · Fees: investment management
total $63,977 · management and general $63,977
-
11g · Fees: other
total $3,987,886 · program services $3,749,793 · management and general $237,995 · fundraising $98
-
12 · Advertising and promotion
total $89,989 · management and general $78,255 · fundraising $11,734
-
13 · Office expenses
total $622,413 · program services $408,132 · management and general $213,270 · fundraising $1,011
-
14 · Information technology
total $261,882 · program services $455 · management and general $259,480 · fundraising $1,947
-
16 · Occupancy
total $1,617,673 · program services $1,617,673
-
17 · Travel
total $11,546 · program services $1,446 · management and general $9,829 · fundraising $271
-
19 · Conferences, conventions and meetings
total $36,698 · program services $19,366 · management and general $16,429 · fundraising $903
-
20 · Interest
total $767,939 · program services $767,939
-
22 · Depreciation, depletion and amortization
total $3,261,529 · program services $3,261,529
-
23 · Insurance
total $264,630 · program services $264,630
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $484,926 · program services $484,926
-
24b · Other expenses: FOOD, ENTERTAINMENT & A
total $327,484 · program services $194,610 · management and general $131,410 · fundraising $1,464
-
24c · Other expenses: BAD DEBT
total $155,014 · program services $155,014
-
24d · Other expenses: LICENSES & FEES
total $145,044 · program services $41,777 · management and general $103,267
-
24e · All other expenses
total $601,243 · program services $443,969 · management and general $155,928 · fundraising $1,346
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,257,866 · end of year $339,431
-
2 · Savings and temporary cash investments
beginning of year $170,269 · end of year $675,731
-
3 · Pledges and grants receivable
beginning of year $243,741 · end of year $184,142
-
4 · Accounts receivable
beginning of year $1,198,339 · end of year $1,177,719
-
9 · Prepaid expenses and deferred charges
beginning of year $359,997 · end of year $351,007
-
10a · Land, buildings and equipment: cost or other basis
$86,130,137
-
10b · Land, buildings and equipment: accumulated depreciation
$48,234,705
-
10c · Land, buildings and equipment, net
beginning of year $36,426,636 · end of year $37,895,432
-
11 · Investments: publicly traded securities
beginning of year $9,095,269 · end of year $9,782,694
-
15 · Other assets
beginning of year $714,693 · end of year $780,966
-
17 · Accounts payable and accrued expenses
beginning of year $1,747,655 · end of year $2,525,765
-
19 · Deferred revenue
beginning of year $12,726,538 · end of year $12,714,647
-
20 · Tax-exempt bond liabilities
beginning of year $15,223,135 · end of year $15,058,353
-
23 · Secured mortgages and notes payable
beginning of year $1,893,435 · end of year $3,499,879
-
25 · Other liabilities
beginning of year $14,387,930 · end of year $14,531,012
-
27 · Net assets without donor restrictions
beginning of year $1,734,002 · end of year $991,250
-
28 · Net assets with donor restrictions
beginning of year $1,754,115 · end of year $1,866,216
Mission and programs · 2023
Mission
IN THE SPIRIT OF CHRISTIAN LOVE, FREDERICK LIVING CARES FOR AND ENRICHES THE LIVES OF OLDER ADULTS, WHILE VALUING THE STAFF, VOLUNTEERS AND COMMUNITY THAT SERVE THEM.
Activities or mission (Part I)
A WELCOMING, FAITH-BASED CONTINUING CARE RETIREMENT COMMUNITY OFFERING VARIOUS SERVICES.
-
FREDERICK LIVING OPERATES A CONTINUING CARE RETIREMENT COMMUNITY (LIFE PLAN COMMUNITY), WHICH PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO PRIMARILY OLDER ADULTS THROUGH THE OPERATION OF A 61-BED NURSING FACILITY, A 104-BED PERSONAL CARE FACILITY, 31 PERSONAL CARE DEMENTIA UNITS, AND 166 RESIDENTIAL LIVING APARTMENTS AND COTTAGES.FREDERICK LIVING ALSO PROVIDES CHARITY CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. CHARGES FORGONE FOR SERVICES RENDERED AND SUPPLIES FURNISHED UNDER THE CHARITY CARE POLICY AMOUNTED TO APPROXIMATELY $627,000 IN 2023.IN 2023, FREDERICK LIVING PROVIDED APPROXIMATELY $1,990,000 TOWARD DIRECT BENEVOLENT CARE AND SUBSIDIZED ALLOWANCES TO RESIDENTS. IN ADDITION, FREDERICK LIVING CONTRIBUTED FINANCIALLY TO MANY NON-PROFIT ORGANIZATIONS INCLUDING THE ALZHEIMER'S ASSOCIATION, LOCAL AMBULANCE AND FIRE COMPANIES, AND A VARIETY OF MINISTRIES LOCATED THROUGHOUT THE AREA. FREDERICK LIVING ALSO ALLOWS LOCAL ORGANIZATIONS/GROUPS TO MEET ON CAMPUS AT NO CHARGE. THESE GROUPS HAVE INCLUDED THE ALZHEIMER'S SUPPORT GROUP, UPPER PERKIOMEN CHAMBER OF COMMERCE, BOYERTOWN SCHOOL DISTRICT ATHLETIC CLUBS, AND CHURCH RELATED MINISTRIES. FREDERICK LIVING IS COMMITTED TO PARTNERING WITH OUR LOCAL COMMUNITY AND HAVING A POSITIVE IMPACT THROUGH COLLABORATION AND ACTIVE PARTICIPATION. FOR CALENDAR YEAR 2023, THE AVERAGE OCCUPANCY PERCENTAGE IS 100% FOR RESIDENTIAL LIVING, 84% FOR PERSONAL CARE AND 98% FOR SKILLED BEDS.
Expenses $19,058,823 · Grants $13,135 · Revenue $19,494,705
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nathan YorgeyNATHAN YORGEY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon HohlfeldSHARON HOHLFELD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca CampbellREBECCA CAMPBELL
VICE CHAIR TO 3/27/23
- Total calculated
- $0
- Hours/week
- 1
-
Pat KratzPAT KRATZ
INTERIM TREASURER AS OF 1/23
- Total calculated
- $0
- Hours/week
- 1
-
Michelle ForsellMICHELLE FORSELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James LandisJAMES LANDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert NaseROBERT NASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sunita NikerleSUNITA NIKERLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven WeidnerSTEVEN WEIDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe GenuardiJOE GENUARDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg LevengoodGREG LEVENGOOD
DIRECTOR AS OF 1/23
- Total calculated
- $0
- Hours/week
- 1
-
Brian FallonBRIAN FALLON
VP OF FINANCIAL SERVICES TO 8/23
- Total calculated
- $120,636
- From this org
- $105,130
- From related orgs
- $0
- Other
- $15,506
- Hours/week
- 40
-
Michelle RasslerMICHELLE RASSLER
CEO TO 09/23
- Total calculated
- $486,303
- From this org
- $474,768
- From related orgs
- $0
- Other
- $11,535
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $474,768
- Bonus
- $0
- Other
- $0
- Deferred
- $10,357
- Nontaxable benefits
- $1,178
- Filer's total
- $486,303
-
Michael HagartyMICHAEL HAGARTY
EXECUTIVE DIRECTOR AS OF 9/1/23
- Total calculated
- $173,499
- From this org
- $149,996
- From related orgs
- $0
- Other
- $23,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,996
- Bonus
- $0
- Other
- $0
- Deferred
- $21,892
- Nontaxable benefits
- $1,611
- Filer's total
- $173,499
-
Lisa PierceLISA PIERCE
VP TALENT & CULTURE
- Total calculated
- $206,434
- From this org
- $202,555
- From related orgs
- $0
- Other
- $3,879
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,555
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,879
- Filer's total
- $206,434
-
James StaatsJAMES STAATS
CONTROLLER
- Total calculated
- $126,433
- From this org
- $125,039
- From related orgs
- $0
- Other
- $1,394
- Hours/week
- 40
-
Gregory WittersGREGORY WITTERS
CAMPUS DIRECTOR
- Total calculated
- $130,634
- From this org
- $118,782
- From related orgs
- $0
- Other
- $11,852
- Hours/week
- 40
-
Vicki KriczkyVICKI KRICZKY
DIRECTOR OF MARKETING/SALES
- Total calculated
- $120,182
- From this org
- $118,797
- From related orgs
- $0
- Other
- $1,385
- Hours/week
- 40
-
Amy Commings-LeightAMY COMMINGS-LEIGHT
DIRECTOR OF ADVANCEMENT
- Total calculated
- $104,214
- From this org
- $102,929
- From related orgs
- $0
- Other
- $1,285
- 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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401789349300345
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