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← FSL RURAL DEVELOPMENT

Form 990 for tax year 2023

Filed by FSL RURAL DEVELOPMENT.

Totals

Total revenue
$1,791,661
Total expenses
$1,476,655
Contributions and grants received
$38,899
Grants paid
$0
Program service revenue
$1,549,531
Investment income
$201,154
Other revenue
$2,077
Total assets, end of year
$9,158,770
Total liabilities, end of year
$5,086,126
Net assets or fund balances, end of year
$4,072,644
Program services expenses (Part IX)
$1,018,666
Management and general expenses
$457,989
Fundraising expenses
$0
Program service expenses (Part III)
$1,018,666

Program services were 69.0% 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.

  • 1d · Related organizations

    $10,000

  • 1e · Government grants (contributions)

    $28,899

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $1,549,531 · related or exempt $1,549,531

  • 3 · Investment income

    total $201,154 · excluded $201,154

  • 11a · Other revenue: OTHER INCOME

    total $2,077 · related or exempt $2,077

  • 11e · Other revenue, total

    $2,077

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $264,721 · program services $264,721

  • 8 · Pension plan contributions

    total $9,457 · program services $9,457

  • 9 · Other employee benefits

    total $30,033 · program services $30,033

  • 10 · Payroll taxes

    total $19,693 · program services $19,693

  • 11a · Fees: management

    total $48,000 · management and general $48,000

  • 11b · Fees: legal

    total $7,397 · management and general $7,397

  • 11c · Fees: accounting

    total $24,300 · management and general $24,300

  • 11g · Fees: other

    total $45,234 · program services $40,759 · management and general $4,475

  • 12 · Advertising and promotion

    total $640 · program services $640

  • 13 · Office expenses

    total $6,192 · program services $6,192

  • 14 · Information technology

    total $10,658 · program services $10,658

  • 16 · Occupancy

    total $247,338 · program services $247,338

  • 17 · Travel

    total $5,585 · program services $5,585

  • 19 · Conferences, conventions and meetings

    total $2,047 · program services $2,047

  • 20 · Interest

    total $373,817 · management and general $373,817

  • 22 · Depreciation, depletion and amortization

    total $94,469 · program services $94,469

  • 23 · Insurance

    total $25,939 · program services $25,939

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $179,452 · program services $179,452

  • 24b · Other expenses: VEHICLE EXPENSE

    total $25,713 · program services $25,713

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $18,148 · program services $18,148

  • 24d · Other expenses: BANK FEES

    total $16,822 · program services $16,822

  • 24e · All other expenses

    total $21,000 · program services $21,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $335,065 · end of year $169,135

  • 2 · Savings and temporary cash investments

    beginning of year $2,388,948 · end of year $2,627,311

  • 3 · Pledges and grants receivable

    beginning of year $8,661 · end of year $4,600

  • 7 · Other notes and loans receivable

    beginning of year $1,211,172 · end of year $1,058,940

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

    $4,588,095

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

    $3,599,756

  • 10c · Land, buildings and equipment, net

    beginning of year $1,020,842 · end of year $988,339

  • 15 · Other assets

    beginning of year $3,805,552 · end of year $4,310,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,761 · end of year $77,971

  • 21 · Escrow or custodial account liability

    beginning of year $31,727 · end of year $33,742

  • 23 · Secured mortgages and notes payable

    end of year $2,744,847

  • 25 · Other liabilities

    beginning of year $4,892,114 · end of year $2,229,566

  • 27 · Net assets without donor restrictions

    beginning of year $3,757,638 · end of year $4,072,644

Mission and programs · 2023

Mission

OUT HOLISTIC APPROACH PREPARES AND EMBRACES INDIVIDUALS TO AGE INDEPENDENTLY, SAFELY AND WITH PEACE OF MIND.

  • THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN HELPING ARIZONANS AGE WITH CONFIDENCE SINCE 1974. FSL ASSISTS OVER 40,000 ARIZONANS ANNUALLY THROUGH MORE THAN 25 PROGRAMS CENTERED AROUND THREE PRIMARY AREAS: HEALTH, HOUSING AND CONNECTION. IN THE FISCAL YEAR 2023-24, FSL CONTINUED ITS COMMITMENT TO PROVIDING SECURE HOUSING BY OFFERING SHELTER TO OVER 1,500 ARIZONANS EACH NIGHT. THIS ENCOMPASSED VARIOUS HOUSING OPTIONS, INCLUDING SINGLE- AND MULTI-FAMILY HOMES, AFFORDABLE HOUSING COMPLEXES, AND RESIDENTIAL BEHAVIORAL HEALTH GROUP HOMES. FSL ALSO ACTIVELY TRAINED AND MONITORED SPONSORS INVOLVED IN ADULT FOSTER CARE AND ADULT BEHAVIORAL HEALTH THERAPEUTIC HOME PROGRAMS. (CONTINUED ON SCHEDULE O)AS THE LARGEST PROVIDER OF WEATHERIZATION SERVICES IN ARIZONA, FSL'S WEATHERIZATION AND HOME IMPROVEMENT INITIATIVES CUT ENERGY BILLS AND IMPROVED HEALTH FOR OVER 8,000 HOMEOWNERS. IN THE AREA OF NUTRITION, FSL PROVIDED 200,000 MEALS TO FAMILIES IN NEED VIA FOOD PANTRIES, CONGREGATE AND HOME-DELIVERED MEAL PROGRAMS. HEALTH AND WELLNESS INITIATIVES PROVIDED TRANSITIONAL CARE FOR OVER 1,600 PATIENTS UPON HOSPITAL DISCHARGE AND OPERATED ADULT DAY HEALTH FACILITIES, DELIVERING OVER 140,000 HOURS OF RESPITE CARE TO FAMILY CAREGIVERS. THROUGHOUT THE FISCAL YEAR 2023-24, FSL REMAINED STEADFAST IN ITS MISSION, MAKING SIGNIFICANT STRIDES IN ENSURING THE SAFETY, HEALTH, AND WELL-BEING OF ARIZONANS OF ALL AGES.FSL'S RURAL DEVELOPMENT HOUSING PROGRAM PROVIDES APPROPRIATE HOME CHOICES FOR SENIORS AND INDIVIDUALS WITH MOBILITY AND SPECIFIC ABILITY REQUIREMENTS. THESE VERY LOW INCOME RESIDENTS ARE ENCOURAGED TO PERSONALIZE THEIR SUBSIDIZED APARTMENTS AND ENJOY NEIGHBORS AND COMMUNAL ACTIVITIES. FSL RURAL DEVELOPMENT CONSISTS OF THREE WELL MAINTAINED FACILITIES LOCATED THROUGHOUT THE STATE. RESIDENTS SERVED WERE 108 AT THE FOLLOWING FACILITIES: VIANNEY VILLAS IN AVONDALE, AZ; PADUA HILLS IN WICKENBURG, AZ; ST. AGNES IN WILLIAMS, AZ.

    Expenses $1,018,666 · Revenue $1,551,608

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TAMARA BOHANNON

    CEO & PRESIDENT

    Total calculated
    $256,879
    From this org
    $0
    From related orgs
    $243,442
    Other
    $13,437
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,533 related
    Bonus
    $0 + $32,909 related
    Other
    $0
    Deferred
    $0 + $6,928 related
    Nontaxable benefits
    $0 + $6,509 related
    Filer's total
    $0 + $256,879 related

  • KATIE MARTIN

    ADMINISTRATOR HI & VICE PRESIDENT

    Total calculated
    $105,892
    From this org
    $0
    From related orgs
    $90,087
    Other
    $15,805
    Hours/week
    1 + 40 related

  • BLANCA RUIZ

    TREASURER

    Total calculated
    $129,209
    From this org
    $0
    From related orgs
    $117,439
    Other
    $11,770
    Hours/week
    1 + 40 related

  • STEVE HASTINGS

    SECRETARY

    Total calculated
    $184,185
    From this org
    $0
    From related orgs
    $163,743
    Other
    $20,442
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,731 related
    Bonus
    $0 + $12 related
    Other
    $0
    Deferred
    $0 + $6,561 related
    Nontaxable benefits
    $0 + $13,881 related
    Filer's total
    $0 + $184,185 related

  • DAVID PADDISON

    CFO

    Total calculated
    $178,136
    From this org
    $0
    From related orgs
    $173,834
    Other
    $4,302
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,822 related
    Bonus
    $0 + $12 related
    Other
    $0
    Deferred
    $0 + $4,302 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $178,136 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 I, LINE 3
TAMARA BOHANNON AND THE OFFICERS LISTED IN FORM 990, PART VII ARE COMPENSATED BY THE RELATED ORGANIZATION, FSL MANAGEMENT, FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATIONS. FSL MANAGEMENT EMPLOYS THE MANAGEMENT GROUP FOR ALL RELATED FSL AFFILIATES. THE FILING ORGANIZATION RELIED ON FSL MANAGEMENT, WHICH USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH EXECUTIVE COMPENSATION.

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.

  • FSL PATHWAYS

    501(C)(3) · GROUP HOUSING AND BEHAVORIAL HEALTH SERVICES TO MENTALLY IMPAIRED ADULTS · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FOUNDATION FOR SENIOR ADULT LIVING INC

    501(C)(3) · LOW-INCOME HOUSING AND RELATED SERVICES TO THE ELDERLY · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FSL PROGRAMS

    501(C)(3) · PROGRAMS FOR SENIOR ADULTS, PERSONS WITH DISABILITIES, AND THEIR FAMILIES · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FSL HOME IMPROVEMENTS

    501(C)(3) · REHABILITATION OF HOMES FOR THE BENEFIT OF FSL FACILITIES · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FSL MANAGEMENT

    501(C)(3) · MANAGEMENT SERVICES TO RELATED FOUNDATION FOR SENIOR LIVING ORGANIZATIONS · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FSL REAL ESTATE SERVICES

    501(C)(3) · REAL ESTATE DEVELOPMENT SERVICES FOR FOUNDATION OF SENIOR LIVING ORGANIZATIO · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FOUNDATION FOR SENIOR LIVING

    501(C)(3) · PROVIDE POLICY ADVICE AND GUIDANCE TO IT'S SUBSIDIARIES · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • FSL SPRING VALLEY MANOR INC

    501(C)(3) · LOW-INCOME HOUSING AND RELATED SERVICES TO THE ELDERLY · AZ

    Directly controlled by FOUNDATION FOR SENIOR LIVING

  • THE ROMAN CATHOLIC DIOCESE OF PHOENIX

    501(C)(3) · RELIGIOUS SERVICES · AZ

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521349349304682

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