Form 990 for tax year 2022
Filed by INVERNESS VILLAGE AN OKLAHOMA NOT-FOR-PR.
Totals
- Total revenue
- $0
- Total expenses
- $378,217
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $378,217
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $375,659 · management and general $375,659
-
11c · Fees: accounting
total $2,184 · management and general $2,184
-
24a · Other expenses: BANK FEES
total $374 · management and general $374
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $380,674 · end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $167,087 · end of year $0
-
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
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $545,135 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $547,761 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $545,135 · end of year $0
Mission and programs · 2022
Mission
LIQUIDATION OF CONTINUING CARE RETIREMENT COMMUNITY.
Activities or mission (Part I)
LIQUIDATION OF CONTINUING CARE RETIREMENT COMMUNITY
-
NO CURRENT PROGRAMS - ORGANIZATION IS IN LIQUIDATION
As filed on the 2022 return.
Listed in Part VII
-
Lawrence CostelloLAWRENCE COSTELLO
CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Robert PetersROBERT PETERS
DIRECTOR, SECRETARY
- Total calculated
- $0
- Hours/week
- 15
-
Gregory WallaceGREGORY WALLACE
DIRECTOR, TREASURER
- Total calculated
- $0
- Hours/week
- 15
-
Michael WyseMICHAEL WYSE
DIRECTOR, PRESIDENT
- Total calculated
- $0
- Hours/week
- 15
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.
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.
-
501(C)(3) · MANAGEMENT SERVICES · MD
-
ASBURY ATLANTIC INC
501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · MD
Directly controlled by ASBURY COMMUNITIES INC
-
501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · MD
Directly controlled by ASBURY COMMUNITIES INC
-
501(C)(3) · RAISING FUNDS FOR CHARITY CARE · MD
Directly controlled by ASBURY COMMUNITIES INC
-
501(C)(3) · EMPLOYEE PAYMASTER COMPANY · MD
Directly controlled by ASBURY COMMUNITIES INC
-
501(C)(3) · HOME CARE FOR OLDER ADULTS · MD
Directly controlled by ASBURY COMMUNITIES INC
-
CALVERT COUNTY NURSING CENTER INC
501(C)(3) · HEALTHCARE FOR OLDER ADULTS · MD
Directly controlled by ASBURY COMMUNITIES INC
-
501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · MD
Directly controlled by ASBURY COMMUNITIES INC
-
BETHANY DEVELOPMENT CORPORATION
501(C)(3) · HOUSING FOR OLDER ADULTS · PA
Directly controlled by ASBURY COMMUNITIES INC
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
THE ASBURY GROUP INC
C · MANAGEMENT SERVICES · DE
Directly controlled by ASBURY COMMUNITIES INC
-
THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC
C · INFOR & CNSLT SVCS · DE
Directly controlled by ASBURY COMMUNITIES INC
-
IVA INC
C · HOLDS LIQUOR LICENSES · OK · 100% owned
Directly controlled by ASBURY ATLANTIC AND INVERNESS VILLAGE
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$714,679
Liquidation · LIQUIDATION OF REMAINING ASSETS · Oct 31, 2022 · NONPROFIT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 March 2023
- IRS schema version
- 2022v4.1
- Source object
- 202330679349300408
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