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Nonprofiteer
← AUDUBON RETIREMENT VILLAGE INC

Form 990 for tax year 2022

Filed by AUDUBON RETIREMENT VILLAGE INC.

Totals

Total revenue
$12,598,742
Total expenses
$11,935,406
Contributions and grants received
$268,447
Grants paid
$0
Program service revenue
$12,308,858
Investment income
$224
Other revenue
$21,213
Total assets, end of year
$31,047,342
Total liabilities, end of year
$29,102,622
Net assets or fund balances, end of year
$1,944,720
Program services expenses (Part IX)
$11,935,406
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$11,935,406

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $268,447

  • 2a · Program service revenue: RESIDENT & THERAPY FEES

    total $12,142,003 · related or exempt $12,142,003

  • 2b · Program service revenue: PHARMACY, LAB & X-RAY FEES

    total $166,855 · related or exempt $166,855

  • 3 · Investment income

    total $224 · excluded $224

  • 6a · Gross rents

    real property $21,213

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,213

  • 6d · Net rental income or loss

    total $21,213 · excluded $21,213

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,474,755 · program services $5,474,755

  • 8 · Pension plan contributions

    total $49,457 · program services $49,457

  • 9 · Other employee benefits

    total $374,157 · program services $374,157

  • 10 · Payroll taxes

    total $403,146 · program services $403,146

  • 11a · Fees: management

    total $589,006 · program services $589,006

  • 11b · Fees: legal

    total $95 · program services $95

  • 11c · Fees: accounting

    total $48,001 · program services $48,001

  • 11g · Fees: other

    total $1,040,018 · program services $1,040,018

  • 12 · Advertising and promotion

    total $15,291 · program services $15,291

  • 13 · Office expenses

    total $14,743 · program services $14,743

  • 14 · Information technology

    total $116,265 · program services $116,265

  • 16 · Occupancy

    total $673,173 · program services $673,173

  • 17 · Travel

    total $15,857 · program services $15,857

  • 19 · Conferences, conventions and meetings

    total $1,777 · program services $1,777

  • 20 · Interest

    total $242,453 · program services $242,453

  • 22 · Depreciation, depletion and amortization

    total $1,587,299 · program services $1,587,299

  • 23 · Insurance

    total $113,491 · program services $113,491

  • 24a · Other expenses: PROVIDER TAXES

    total $405,936 · program services $405,936

  • 24b · Other expenses: RESIDENT LIVING EXPENSE

    total $350,248 · program services $350,248

  • 24c · Other expenses: OTHER RESIDENT EXPENSES

    total $160,227 · program services $160,227

  • 24d · Other expenses: RESIDENT MEDICAL EXPENS

    total $158,672 · program services $158,672

  • 24e · All other expenses

    total $101,339 · program services $101,339

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,449,441 · end of year $1,942,683

  • 4 · Accounts receivable

    beginning of year $685,708 · end of year $1,728,802

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,996 · end of year $48,099

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

    $17,720,663

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

    $1,022,375

  • 10c · Land, buildings and equipment, net

    beginning of year $15,081,829 · end of year $16,698,288

  • 15 · Other assets

    beginning of year $11,701,053 · end of year $10,629,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,468,991 · end of year $1,890,599

  • 19 · Deferred revenue

    beginning of year $302,283 · end of year $281,070

  • 25 · Other liabilities

    beginning of year $25,916,369 · end of year $26,930,953

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,281,384 · end of year $1,944,720

Mission and programs · 2022

Mission

TO OPERATE A NURSING FACILITY AND TO PROVIDE GERIATRIC, TEACHING-NURSING FACILITY IN THE PROVISION OF CARE TO THE ELDERLY AND NEEDY RESIDENTS OF LOUISIANA AND TO RENDER ALL SERVICES INCIDENTAL OR ANCILLARY THERETO. SPECIFICALLY, AUDUBON RETIREMENT [CONT'D ON SCH. O] VILLAGE OFFERS SERVICES INTENDED TO SATISFY THE FOLLOWING THREE PRIMARY NEEDS OF THE ELDERLY: THE NEED FOR HOUSING, THE NEED FOR HEALTH CARE AND THE NEED FOR FINANCIAL SECURITY. OUR MISSION IS TO BE AN INNOVATIVE LEADER IN THE DEVELOPMENT AND DELIVERY OF QUALITY HEALTH CARE SERVICES, AND TO BE COMMITTED TO A LEARNING ENVIRONMENT THAT ATTRACTS AND DEVELOPS DEDICATED CARE GIVERS.

Activities or mission (Part I)

TO PROVIDE A GERIATRIC, TEACHING-NURSING FACILITY IN THE PROVISION OF [CONT'D ON SCH. O] CARE TO THE ELDERLY AND NEEDY RESIDENTS OF LOUISIANA AND TO RENDER ALL SERVICES INCIDENTAL OR ANCILLARY THERETO. SPECIFICALLY TO OFFER SERVICES INTENDED TO SATISFY THE FOLLOWING THREE PRIMARY NEEDS OF THE ELDERLY: THE NEED FOR HOUSING, THE NEED FOR HEALTH CARE, AND THE NEED FOR FINANCIAL SECURITY. OUR MISSION IS TO BE AN INNOVATIVE LEADER IN THE DEVELOPMENT AND DELIVERY OF QUALITY HEALTH CARE SERVICES, AND TO BE COMMITTED TO A LEARNING ENVIRONMENT THAT ATTRACTS AND DEVELOPS DEDICATED CARE GIVERS.

  • OPERATION OF A NURSING FACILITY AND TO PROVIDE A GERIATRIC, TEACHING-NURSING FACILITY IN THE PROVISION OF CARE TO THE ELDERLY AND NEEDY RESIDENTS OF LOUISIANA.

    Expenses $11,935,406 · Revenue $12,308,858

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ayame Dinkler

    PRESIDENT

    Total calculated
    $459,799
    From this org
    $0
    From related orgs
    $435,213
    Other
    $24,586
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,397 related
    Bonus
    $0 + $68,797 related
    Other
    $0 + $8,019 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $12,386 related
    Filer's total
    $0 + $459,799 related

  • Gregory C Feirn

    DIRECTOR

    Total calculated
    $2,473,721
    From this org
    $0
    From related orgs
    $2,439,917
    Other
    $33,804
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,035,199 related
    Bonus
    $0 + $393,303 related
    Other
    $0 + $11,415 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $21,604 related
    Filer's total
    $0 + $2,473,721 related

  • Jenny Barnett-Sarpalius

    FORMER OFFICER OF LCMC

    Total calculated
    $470,583
    From this org
    $0
    From related orgs
    $452,700
    Other
    $17,883
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $452,700 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $5,683 related
    Filer's total
    $0 + $470,583 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
IN 2022, JENNIFER SARPALIUS RECEIVED $452,700 IN SEVERANCE PAYMENTS FROM LCMC WHICH IS A RELATED ORGANZATION OF AUDUBON RETIREMENT VILLAGE.
PART 1 QUESTIONS 1 AND 3
THE LISTED DIRECTORS OF THE ORGANIZATION ARE NOT COMPENSATED BY THE ORGANIZATION.

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.

  • TIJV LLC

    IMAGING CENTER RENTAL · LA

  • CRESCENT CITY RESEARCH CONSORTIUM LLC

    SCIENTIFIC RESEARCH · LA

  • COMMUNITY SERVICES COLLABORATIVE

    MEDICAL COLLABORATION · LA

  • EAST JEFFERSON SURGERY CENTER LLC

    OUTPATIENT SURGERY · LA

Related corporations and trusts

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

  • CRESCENT CITY PHYSICIANS INC

    C · HEALTHCARE · LA

  • BUCKMAN MEDICAL OFFICE BUILDING CONDOMINIUM ASSOCIATION

    C · REAL ESTATE · LA

  • PRYTANIA MEDICAL COMPLEX OWNERS ASSOCIATION

    C · REAL ESTATE · LA

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202430459349300823

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