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← MCKENDREE ARBORS AT SPRINGFIELD INC

Form 990 for tax year 2023

Filed by MCKENDREE ARBORS AT SPRINGFIELD INC.

Totals

Total revenue
$597,261
Total expenses
$563,735
Contributions and grants received
$308,827
Grants paid
$0
Program service revenue
$254,065
Investment income
-$69,202
Other revenue
$103,571
Total assets, end of year
$2,495,134
Total liabilities, end of year
$3,345,489
Net assets or fund balances, end of year
-$850,355
Program services expenses (Part IX)
$475,476
Management and general expenses
$88,259
Fundraising expenses
$0
Program service expenses (Part III)
$475,476

Program services were 84.3% 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)

    $308,827

  • 2a · Program service revenue: RENTS - NET

    total $254,065 · related or exempt $254,065

  • 3 · Investment income

    total $7,338 · excluded $7,338

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

    other assets $76,540

  • 7c · Gain or loss

    other assets -$76,540

  • 7d · Net gain or loss

    total -$76,540 · excluded -$76,540

  • 11a · Other revenue: EXTRAORDINARY INS REV

    total $101,572 · related or exempt $101,572

  • 11b · Other revenue: LAUNDRY & VENDING

    total $1,589 · related or exempt $1,589

  • 11c · Other revenue: DAMAGE & CLEANING FEES

    total $410 · related or exempt $410

  • 11e · Other revenue, total

    $103,571

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $69,760 · management and general $69,760

  • 11b · Fees: legal

    total $200 · program services $200

  • 11c · Fees: accounting

    total $17,160 · management and general $17,160

  • 11g · Fees: other

    total $97,855 · program services $97,855

  • 12 · Advertising and promotion

    total $427 · program services $427

  • 13 · Office expenses

    total $33,986 · program services $33,986

  • 16 · Occupancy

    total $155,420 · program services $155,420

  • 17 · Travel

    total $548 · program services $548

  • 19 · Conferences, conventions and meetings

    total $3,001 · program services $1,662 · management and general $1,339

  • 22 · Depreciation, depletion and amortization

    total $96,627 · program services $96,627

  • 23 · Insurance

    total $57 · program services $57

  • 24a · Other expenses: CONTRACT SERVICES

    total $82,713 · program services $82,713

  • 24b · Other expenses: EXTRAORDINARY INS EXP

    total $5,304 · program services $5,304

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $440 · program services $440

  • 24d · Other expenses: RESIDUAL RECEIPT EXP

    total $237 · program services $237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,784 · end of year $40,267

  • 2 · Savings and temporary cash investments

    beginning of year $431,727 · end of year $347,128

  • 4 · Accounts receivable

    beginning of year $2,073 · end of year $511

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,218 · end of year $4,955

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

    $3,948,313

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

    $1,905,993

  • 10c · Land, buildings and equipment, net

    beginning of year $1,934,135 · end of year $2,042,320

  • 15 · Other assets

    beginning of year $19,641 · end of year $59,953

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,446 · end of year $79,118

  • 19 · Deferred revenue

    beginning of year $1,763 · end of year $56

  • 23 · Secured mortgages and notes payable

    beginning of year $3,248,100 · end of year $3,248,100

  • 25 · Other liabilities

    beginning of year $18,150 · end of year $18,215

  • 27 · Net assets without donor restrictions

    beginning of year -$883,881 · end of year -$850,355

Mission and programs · 2023

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR ALL SENIORS.

Activities or mission (Part I)

PROVIDE HOUSING FOR LOW AND MODERATE INCOME PERSONS.

  • THE SOLE PURPOSE IS TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

    Expenses $475,476 · Revenue $357,636

As filed on the 2023 return.

Listed in Part VII

  • ROBERT MALONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • VIRGINIA BARNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • TINGTING LI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • ROBERT S WALTER

    VICE PRESIDENT

    Total calculated
    $553,033
    From this org
    $0
    From related orgs
    $515,933
    Other
    $37,100
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,647 related
    Bonus
    $0 + $125,926 related
    Other
    $0 + $6,360 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,300 related
    Filer's total
    $0 + $553,033 related

  • MATTHEW D RULE

    PRESIDENT

    Total calculated
    $525,229
    From this org
    $0
    From related orgs
    $478,828
    Other
    $46,401
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,692 related
    Bonus
    $0 + $124,600 related
    Other
    $0 + $1,536 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $13,401 related
    Filer's total
    $0 + $525,229 related

  • JULIE M WOOLLEY

    SECRETARY

    Total calculated
    $440,716
    From this org
    $0
    From related orgs
    $412,343
    Other
    $28,373
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,883 related
    Bonus
    $0 + $107,100 related
    Other
    $0 + $2,360 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $1,973 related
    Filer's total
    $0 + $440,716 related

  • SONYA BROWN

    VICE PRESIDENT

    Total calculated
    $432,573
    From this org
    $0
    From related orgs
    $389,117
    Other
    $43,456
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,172 related
    Bonus
    $0 + $84,000 related
    Other
    $0 + $1,945 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $10,456 related
    Filer's total
    $0 + $432,573 related

  • ERIC WALKER

    VICE PRESIDENT

    Total calculated
    $296,808
    From this org
    $0
    From related orgs
    $258,594
    Other
    $38,214
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,782 related
    Bonus
    $0 + $52,530 related
    Other
    $0 + $282 related
    Deferred
    $0 + $25,831 related
    Nontaxable benefits
    $0 + $12,383 related
    Filer's total
    $0 + $296,808 related

  • JILL KOLB

    TREASURER

    Total calculated
    $286,273
    From this org
    $0
    From related orgs
    $243,823
    Other
    $42,450
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,706 related
    Bonus
    $0 + $35,833 related
    Other
    $0 + $284 related
    Deferred
    $0 + $24,354 related
    Nontaxable benefits
    $0 + $18,096 related
    Filer's total
    $0 + $286,273 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 3:
NATIONAL CHURCH RESIDENCES, A RELATED ORGANIZATION, ESTABLISHES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE FOLLOWING METHODS WERE USED BY NATIONAL CHURCH RESIDENCES TO ESTABLISH COMPENSATION LEVELS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B:
"DURING THE CURRENT YEAR, NATIONAL CHURCH RESIDENCES, A RELATED ORGANIZATION, MADE CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990: ROBERT WALTER: $6,941 MATTHEW D. RULE: $19,739 JULIE M. WOOLLEY: $4,063 SONYA M. BROWN: $13,732 ERIC WALKER: $10,366 JILL KOLB: $6,323 THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST UPON TRIGGERING SEVERANCE WITH THE ORGANIZATION. TRIGGERING SEVERANCE, AS DEFINED IN THE PLAN DOCUMENT, MEANS A PARTICIPANT'S SEVERANCE OF SERVICE, (1) AT ANY TIME ON OR AFTER THE PARTICIPANT'S ENTITLEMENT DATE OR (2) IF EARLIER, (A) BECAUSE OF DEATH OR DISABILITY, (B) BY THE EMPLOYER FOR REASONS OTHER THAN CAUSE, OR (C) BY THE PARTICIPANT FOR GOOD REASON. FOR THIS PURPOSE, SEVERANCE OF SERVICE SHALL BE CONSTRUED CONSISTENTLY WITH THE DEFINITION OF SEPARATION OF SERVICE UNDER CODE SECTION 409A."

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.

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 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
4 September 2024
IRS schema version
2023v5.1
Source object
202402489349301615

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