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Nonprofiteer
← FORT WORTH SENIOR CARE LLC

Form 990 for tax year 2023

Filed by FORT WORTH SENIOR CARE LLC.

Totals

Total revenue
$6,238,541
Total expenses
$7,715,703
Contributions and grants received
$40,324
Grants paid
$0
Program service revenue
$6,178,985
Investment income
$8
Other revenue
$19,224
Total assets, end of year
$2,029,443
Total liabilities, end of year
$3,589,562
Net assets or fund balances, end of year
-$1,560,119
Program services expenses (Part IX)
$6,638,421
Management and general expenses
$1,077,282
Fundraising expenses
$0
Program service expenses (Part III)
$6,638,421

Program services were 86.0% 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.

  • 1f · All other contributions, gifts and grants

    $40,324

  • 2a · Program service revenue: INDEPENDENT LIVING FEE

    total $3,548,275 · related or exempt $3,548,275

  • 2b · Program service revenue: ASSISTED LIVING FEES

    total $1,379,143 · related or exempt $1,379,143

  • 2c · Program service revenue: MEMORY CARE FEES

    total $1,015,518 · related or exempt $1,015,518

  • 2d · Program service revenue: OUTPATIENT SERVICES

    total $236,049 · related or exempt $236,049

  • 3 · Investment income

    total $8 · excluded $8

  • 6a · Gross rents

    real property $8,038

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,038

  • 6d · Net rental income or loss

    total $8,038 · excluded $8,038

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $11,186 · excluded $11,186

  • 11e · Other revenue, total

    $11,186

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,227,060 · program services $2,913,674 · management and general $313,386

  • 9 · Other employee benefits

    total $322,825 · program services $290,440 · management and general $32,385

  • 10 · Payroll taxes

    total $269,145 · program services $242,231 · management and general $26,914

  • 11a · Fees: management

    total $470,654 · program services $217,404 · management and general $253,250

  • 11b · Fees: legal

    total $558 · program services $253 · management and general $305

  • 11c · Fees: accounting

    total $13,200 · program services $5,993 · management and general $7,207

  • 11g · Fees: other

    total $373,965 · program services $171,459 · management and general $202,506

  • 13 · Office expenses

    total $60,690 · program services $51,030 · management and general $9,660

  • 14 · Information technology

    total $74,825 · program services $62,913 · management and general $11,912

  • 16 · Occupancy

    total $1,920,858 · program services $1,732,782 · management and general $188,076

  • 17 · Travel

    total $14,415 · program services $12,121 · management and general $2,294

  • 20 · Interest

    total $57,541 · program services $51,787 · management and general $5,754

  • 22 · Depreciation, depletion and amortization

    total $2,157 · program services $1,814 · management and general $343

  • 23 · Insurance

    total $160,120 · program services $144,108 · management and general $16,012

  • 24a · Other expenses: DIETARY

    total $413,830 · program services $413,830

  • 24b · Other expenses: MEDICAL SUPPLIES AND EQ

    total $321,729 · program services $321,729

  • 24c · Other expenses: OTHER EXPENSES

    total $12,131 · program services $4,853 · management and general $7,278

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $443,507

  • 4 · Accounts receivable

    beginning of year $23,876 · end of year $158,859

  • 9 · Prepaid expenses and deferred charges

    end of year $11,406

  • 14 · Intangible assets

    beginning of year $20,662 · end of year $27,711

  • 15 · Other assets

    beginning of year $46,598 · end of year $1,831,467

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,949 · end of year $674,796

  • 23 · Secured mortgages and notes payable

    end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $301,651 · end of year $1,914,766

  • 27 · Net assets without donor restrictions

    beginning of year -$82,957 · end of year -$1,560,119

Mission and programs · 2023

Mission

FORT WORTH SENIOR CARE OPERATES A RETIREMENT COMMUNITY PROVIDING PERSONS 55 AND OLDER A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY CARE.

Activities or mission (Part I)

SEE SCHEDULE O.FORT WORTH SENIOR CARE OPERATES A RETIREMENT COMMUNITY LOCATED AT 5100 RANDOL MILL ROAD, FORT WORTH, TEXAS 76112 WHICH PROVIDES PERSONS 55 AND OLDER WITH A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE FACILITIES.

  • FORT WORTH IS A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 161 INDEPENDENT LIVING APARTMENT UNITS, 42 NEWLY RENOVATED ASSISTED LIVING APARTMENTS AND 15 PRIVATE MEMORY CARE APARTMENTS.

    Expenses $6,638,421 · Revenue $6,178,985

As filed on the 2023 return.

Listed in Part VII

  • MAURICE ROSENBAUM

    CHAIRMAN

    Total calculated
    $30,500
    From this org
    $0
    From related orgs
    $30,500
    Other
    $0
    Hours/week
    1 + 19 related

  • AMELIA WALLER BAKER JD

    SECRETARY

    Total calculated
    $12,500
    From this org
    $0
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    1 + 7 related

  • FRANK CORRIGAN

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 7 related

  • SIMRAN SINGH

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1 + 7 related

  • STEPHANIE PAUL

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $127,504
    From this org
    $0
    From related orgs
    $122,476
    Other
    $5,028
    Hours/week
    20 + 20 related

  • THOMAS WILLIAM BAKER

    FORMER CHAIRMAN (END 10/23)

    Total calculated
    $78,000
    From this org
    $0
    From related orgs
    $78,000
    Other
    $0
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $78,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $78,000 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
16 January 2025
IRS schema version
2023v6.0
Source object
202510169349300626

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