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Nonprofiteer
← UNITED METHODIST HOMES OF NJ FOUNDATION INC

Form 990 for tax year 2023

Filed by UNITED METHODIST HOMES OF NJ FOUNDATION INC.

Totals

Total revenue
$1,540,800
Total expenses
$1,091,173
Contributions and grants received
$1,057,450
Grants paid
$675,166
Program service revenue
$0
Investment income
$483,350
Other revenue
$0
Total assets, end of year
$14,024,529
Total liabilities, end of year
$2,664,050
Net assets or fund balances, end of year
$11,360,479
Program services expenses (Part IX)
$675,166
Management and general expenses
$202,270
Fundraising expenses
$213,737
Program service expenses (Part III)
$675,166

Program services were 61.9% 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)

    $50,000

  • 1f · All other contributions, gifts and grants

    $1,007,450

  • 3 · Investment income

    total $476,950 · excluded $476,950

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $206,811

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

    securities $200,411

  • 7c · Gain or loss

    securities $6,400

  • 7d · Net gain or loss

    total $6,400 · excluded $6,400

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $675,166 · program services $675,166

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $238,612 · management and general $119,306 · fundraising $119,306

  • 8 · Pension plan contributions

    total $2,614 · management and general $1,307 · fundraising $1,307

  • 9 · Other employee benefits

    total $18,546 · management and general $9,273 · fundraising $9,273

  • 10 · Payroll taxes

    total $17,518 · management and general $8,759 · fundraising $8,759

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $34,323 · management and general $17,162 · fundraising $17,161

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $19,889 · fundraising $19,889

  • 13 · Office expenses

    total $10,878 · management and general $5,439 · fundraising $5,439

  • 14 · Information technology

    total $12,044 · management and general $6,022 · fundraising $6,022

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $719 · management and general $359 · fundraising $360

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $19 · management and general $19

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $67 · management and general $67

  • 23 · Insurance

    total $10,544 · management and general $10,544

  • 24a · Other expenses: Outside Services

    total $24,589 · fundraising $24,589

  • 24b · Other expenses: Rent

    total $12,000 · management and general $12,000

  • 24c · Other expenses: Professional Fees

    total $11,800 · management and general $11,800

  • 24d · Other expenses: Postage and Shipping

    total $1,420 · fundraising $1,420

  • 24e · All other expenses

    total $425 · management and general $213 · fundraising $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,681 · end of year $5,719

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $13,571 · end of year $22,247

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,541 · end of year $2,250

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

    $5,562

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

    $5,279

  • 10c · Land, buildings and equipment, net

    beginning of year $350 · end of year $283

  • 11 · Investments: publicly traded securities

    beginning of year $11,905,485 · end of year $13,849,381

  • 12 · Investments: other securities

    beginning of year $92,444 · end of year $138,089

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $6,561 · end of year $6,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,140 · end of year $59,566

  • 25 · Other liabilities

    beginning of year $2,120,110 · end of year $2,604,484

  • 27 · Net assets without donor restrictions

    beginning of year $1,753,199 · end of year $2,115,928

  • 28 · Net assets with donor restrictions

    beginning of year $8,125,184 · end of year $9,244,551

Mission and programs · 2023

Mission

Fundraising in support of The United Methodist Homes of New Jersey.

  • Nursing Home Care: The Foundation provides funding to the United Methodist Homes of New Jersey, a 501(c)(3) organization that provides care and services to approximately 1,000 senior and handicapped individuals. The grants are for charity care, operating and capital needs.

    Expenses $675,166 · Grants $675,166 · Revenue $1,540,800

As filed on the 2023 return.

Listed in Part VII

  • Mark Lenhard

    CEO/Treasurer

    Total calculated
    $411,524
    From this org
    $0
    From related orgs
    $398,873
    Other
    $12,651
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $397,769 related
    Bonus
    not reported
    Other
    not reported + $1,104 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $12,651 related
    Filer's total
    not reported + $411,524 related

  • Lawrence Carlson

    CEO/Treasurer

    Total calculated
    $98,173
    From this org
    $0
    From related orgs
    $98,173
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $98,173 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $98,173 related

  • Linda Hill

    VP Philanthropy

    Total calculated
    $78,916
    From this org
    $0
    From related orgs
    $78,252
    Other
    $664
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $78,252 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $664 related
    Filer's total
    not reported + $78,916 related

  • Karen Barch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Doug Fullman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tracy Bartlett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Virginia Tesch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cora Park

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Edward Carll

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Joseph A Zigler

    Trustee

    Total calculated
    $0
    Hours/week
    1

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 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

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
22 January 2025
IRS schema version
2023v6.0
Source object
202500229349300900

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