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Nonprofiteer
← FELLOWSHIP VILLAGE INC

Form 990 for tax year 2023

Filed by FELLOWSHIP VILLAGE INC.

Totals

Total revenue
$59,370,216
Total expenses
$62,595,027
Contributions and grants received
$3,000,000
Grants paid
$3,129,837
Program service revenue
$52,214,820
Investment income
$2,045,867
Other revenue
$2,109,529
Total assets, end of year
$194,520,566
Total liabilities, end of year
$158,162,313
Net assets or fund balances, end of year
$36,358,253
Program services expenses (Part IX)
$44,109,416
Management and general expenses
$18,485,611
Fundraising expenses
$0
Program service expenses (Part III)
$44,109,416

Program services were 70.5% 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.

  • 1d · Related organizations

    $3,000,000

  • 2a · Program service revenue: RESIDENT SERVICES

    total $26,837,300 · related or exempt $26,837,300

  • 2b · Program service revenue: HOME/ COMMUNITY SVCS

    total $9,346,145 · related or exempt $9,346,145

  • 2c · Program service revenue: NON RESIDENT PATIENT SERVICES

    total $7,582,451 · related or exempt $7,582,451

  • 2d · Program service revenue: MEDICARE PAYMENTS

    total $3,599,223 · related or exempt $3,599,223

  • 2e · Program service revenue: THERAPY

    total $3,221,533 · related or exempt $3,221,533

  • 2f · All other program service revenue

    total $1,628,168 · related or exempt $1,628,168

  • 3 · Investment income

    total $1,533,826 · excluded $1,533,826

  • 6a · Gross rents

    real property $58,685

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $58,685

  • 6d · Net rental income or loss

    total $58,685 · excluded $58,685

  • 7a · Gross sales of assets other than inventory

    securities $35,922,268

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

    securities $35,379,518 · other assets $30,709

  • 7c · Gain or loss

    securities $542,750 · other assets -$30,709

  • 7d · Net gain or loss

    total $512,041 · excluded $512,041

  • 11a · Other revenue: CABLE

    total $474,113 · excluded $474,113

  • 11b · Other revenue: INSURANCE REIMBURSEMENT

    total $448,480 · excluded $448,480

  • 11c · Other revenue: CAC REVENUE

    total $351,273 · excluded $351,273

  • 11d · All other revenue

    total $776,978 · excluded $776,978

  • 11e · Other revenue, total

    $2,050,844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,129,837 · program services $3,129,837

  • 5 · Compensation of officers, directors and key employees

    total $573,366 · program services $447,105 · management and general $126,261

  • 7 · Other salaries and wages

    total $20,817,882 · program services $18,804,697 · management and general $2,013,185

  • 8 · Pension plan contributions

    total $219,971 · program services $198,699 · management and general $21,272

  • 9 · Other employee benefits

    total $1,976,307 · program services $1,777,918 · management and general $198,389

  • 10 · Payroll taxes

    total $2,436,065 · program services $2,038,492 · management and general $397,573

  • 11a · Fees: management

    total $3,434,866 · program services $3,193,473 · management and general $241,393

  • 11b · Fees: legal

    total $355,170 · program services $3,247 · management and general $351,923

  • 11c · Fees: accounting

    total $303,292 · management and general $303,292

  • 11d · Fees: lobbying

    total $912 · management and general $912

  • 11f · Fees: investment management

    total $5,515 · management and general $5,515

  • 11g · Fees: other

    total $4,015,256 · program services $2,800,512 · management and general $1,214,744

  • 12 · Advertising and promotion

    total $1,444,566 · program services $831,137 · management and general $613,429

  • 13 · Office expenses

    total $1,542,587 · program services $1,164,049 · management and general $378,538

  • 14 · Information technology

    total $438,424 · management and general $438,424

  • 16 · Occupancy

    total $2,909,308 · program services $2,792,936 · management and general $116,372

  • 19 · Conferences, conventions and meetings

    total $94,356 · program services $63,691 · management and general $30,665

  • 20 · Interest

    total $2,802,502 · management and general $2,802,502

  • 22 · Depreciation, depletion and amortization

    total $7,213,008 · management and general $7,213,008

  • 23 · Insurance

    total $712,672 · program services $684,165 · management and general $28,507

  • 24a · Other expenses: FOOD SERVICES

    total $6,931,570 · program services $5,405,172 · management and general $1,526,398

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $907,770 · program services $728,080 · management and general $179,690

  • 24c · Other expenses: BAD DEBTS

    total $196,502 · management and general $196,502

  • 24d · Other expenses: LICENSES & FEES

    total $133,323 · program services $46,206 · management and general $87,117

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,186,065 · end of year $2,245,270

  • 2 · Savings and temporary cash investments

    beginning of year $1,036,800 · end of year $965,608

  • 4 · Accounts receivable

    beginning of year $4,486,143 · end of year $6,038,038

  • 8 · Inventories for sale or use

    beginning of year $20,104 · end of year $7,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $927,947 · end of year $762,580

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

    $233,683,821

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

    $81,909,709

  • 10c · Land, buildings and equipment, net

    beginning of year $139,579,868 · end of year $151,774,112

  • 11 · Investments: publicly traded securities

    beginning of year $40,677,217 · end of year $25,608,466

  • 12 · Investments: other securities

    beginning of year $4,978,580 · end of year $5,337,926

  • 13 · Investments: program-related

    beginning of year $4,277,815 · end of year $1,450,123

  • 14 · Intangible assets

    beginning of year $50,055 · end of year $50,055

  • 15 · Other assets

    beginning of year $309,741 · end of year $280,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,471,029 · end of year $10,952,952

  • 19 · Deferred revenue

    beginning of year $17,512,683 · end of year $17,910,030

  • 20 · Tax-exempt bond liabilities

    beginning of year $82,972,025 · end of year $80,630,500

  • 21 · Escrow or custodial account liability

    beginning of year $218,358 · end of year $295,080

  • 23 · Secured mortgages and notes payable

    beginning of year $9,219,114 · end of year $8,958,945

  • 24 · Unsecured notes and loans payable

    beginning of year $625,903 · end of year $507,327

  • 25 · Other liabilities

    beginning of year $36,904,449 · end of year $38,907,479

  • 27 · Net assets without donor restrictions

    beginning of year $37,328,959 · end of year $34,956,817

  • 28 · Net assets with donor restrictions

    beginning of year $4,277,815 · end of year $1,401,436

Mission and programs · 2023

Mission

TO SERVE SENIORS OF VARIED BACKGROUNDS THROUGH OUR CHRIST-CENTERED COMMUNITY, BRINGING THEM TOGETHER IN MUTUAL RESPECT AND UNITY. WE PROVIDE SENIORS IN NEED WITH THE HIGHEST QUALITY OF SERVICES THAT FOSTER LONG-TERM HEALTH, PERSONAL INDEPENDENCE, SPIRITUAL GROWTH, AND FELLOWSHIP. OUR FOUNDATION IS THE WORD OF GOD, BOTH THE OLD AND NEW TESTAMENTS, WHICH GOVERNS OUR FAITH AND LIFE.

Activities or mission (Part I)

TO SERVE SENIORS OF VARIED BACKGROUNDS THROUGH OUR CHRIST-CENTERED COMMUNITY.

  • FELLOWSHIP VILLAGE, INC, OPERATING OUT OF BASKING RIDGE, NEW JERSEY, IS A NOT-FOR-PROFIT FAITH BASED PROVIDER OF SENIOR LIVING COMMUNITIES, SERVICES AND PROGRAMS AND EMBODIES A CULTURE OF HOSPITALITY AND EXCELLENCE. WE SERVE SENIORS OF ALL BELIEFS AND BACKGROUNDS WHO WISH TO ENJOY INDEPENDENCE, FELLOWSHIP, COMPASSIONATE CARE AND ACCESS TO A WIDE RANGE OF SERVICES INCLUDING LIFE PLAN COMMUNITY (CONTINUING CARE RETIREMENT COMMUNITY/CCRC), INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, SKILLED NURSING, REHABILITATION, THERAPY AT HOME, FITNESS TRAINING, HOME CARE, CONCIERGE SERVICES, HOSPICE, MEDICAL SERVICES, CARE MANAGEMENT AND LONG TERM CARE PLANS.FELLOWSHIP VILLAGE SERVES OVER 400 RESIDENTS AND ON ITS CAMPUS HAS 257 APARTMENTS, VILLAS, COTTAGES, AND FREESTANDING HOMES THAT COMPRISE THE INDEPENDENT LIVING SECTION OF THE COMMUNITY. FELLOWSHIP VILLAGE OFFERS A FULL CONTINUUM OF SERVICES FROM INDEPENDENT LIVING TO RESPITE CARE. FELLOWSHIP HAS 81 ASSISTED LIVING ROOMS WHICH ALSO HAVE A SPECIALIZED MEMORY CARE PROGRAM AND 54 SKILLED NURSING BEDS. RESIDENTS ARE SUPPORTED BY THE REHABILITATION AND WELLNESS CENTER AND MEDICAL CENTER OF THE COMMUNITY. FELLOWSHIP VILLAGE ALSO OFFERS HOME COMMUNITY BASED SERVICES THAT ARE DESIGNED TO DELIVER SERVICES TO SENIORS INSIDE THEIR OWN HOME. FELLOWSHIP VILLAGE OFFERS MORE THAN 30 RESIDENT AND MEMBER DRIVEN CLUBS, ACTIVITIES, AND COMMITTEES FOR THOSE WANTING A MORE ACTIVE LIFESTYLE.

    Expenses $44,109,416 · Grants $3,129,837 · Revenue $52,214,820

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian G Lawrence

    PRESIDENT & CEO

    Total calculated
    $860,841
    From this org
    $0
    From related orgs
    $778,674
    Other
    $82,167
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,049 related
    Bonus
    $0 + $135,000 related
    Other
    $0 + $82,625 related
    Deferred
    $0 + $61,550 related
    Nontaxable benefits
    $0 + $20,617 related
    Filer's total
    $0 + $860,841 related

  • Stanley Morin CPA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Zenna

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Rulene Difrancesco

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Dobson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ralph Acquaviva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave L Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Pasnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Toscano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Shugg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Whalin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Pardo

    DIRECTOR (TO 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Rick Morley

    DIRECTOR (TO 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Mark F Mazzella

    CHIEF FINANCIAL OFFICER

    Total calculated
    $309,883
    From this org
    $0
    From related orgs
    $286,940
    Other
    $22,943
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,940 related
    Bonus
    $0 + $23,000 related
    Other
    $0
    Deferred
    $0 + $10,231 related
    Nontaxable benefits
    $0 + $12,712 related
    Filer's total
    $0 + $309,883 related

  • Jack Ellias

    VP HEALTH SERVICES

    Total calculated
    $263,718
    From this org
    $229,902
    From related orgs
    $0
    Other
    $33,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,402
    Bonus
    $13,500
    Other
    $0
    Deferred
    $8,334
    Nontaxable benefits
    $25,482
    Filer's total
    $263,718

  • Mark Aguilar

    EXECUTIVE DIRECTOR

    Total calculated
    $248,943
    From this org
    $0
    From related orgs
    $224,902
    Other
    $24,041
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,902 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $9,511 related
    Nontaxable benefits
    $0 + $14,530 related
    Filer's total
    $0 + $248,943 related

  • Dr Arthur Sheppell

    MEDICAL DIRECTOR

    Total calculated
    $309,648
    From this org
    $263,116
    From related orgs
    $0
    Other
    $46,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,616
    Bonus
    $500
    Other
    $0
    Deferred
    $7,917
    Nontaxable benefits
    $38,615
    Filer's total
    $309,648

  • Melissa Mercado

    PHYSICIAN ASSISTANT

    Total calculated
    $186,547
    From this org
    $162,573
    From related orgs
    $0
    Other
    $23,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,573
    Bonus
    $0
    Other
    $0
    Deferred
    $4,339
    Nontaxable benefits
    $19,635
    Filer's total
    $186,547

  • Andrew Van Orden

    VP OF HCBS

    Total calculated
    $181,596
    From this org
    $157,958
    From related orgs
    $0
    Other
    $23,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,958
    Bonus
    $0
    Other
    $0
    Deferred
    $5,915
    Nontaxable benefits
    $17,723
    Filer's total
    $181,596

  • Marcy Burach

    DIRECTOR OF MARKETING & SALES

    Total calculated
    $179,918
    From this org
    $156,328
    From related orgs
    $0
    Other
    $23,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,328
    Bonus
    $0
    Other
    $0
    Deferred
    $5,526
    Nontaxable benefits
    $18,064
    Filer's total
    $179,918

  • Vera Addy

    REGISTERED NURSE

    Total calculated
    $161,745
    From this org
    $156,275
    From related orgs
    $0
    Other
    $5,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,275
    Bonus
    $0
    Other
    $0
    Deferred
    $5,470
    Nontaxable benefits
    $0
    Filer's total
    $161,745

  • Narinder Singh

    LPN

    Total calculated
    $158,963
    From this org
    $151,021
    From related orgs
    $0
    Other
    $7,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,021
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,942
    Filer's total
    $158,963

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 committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CERTAIN OFFICERS ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 7
BONUSES ARE NON-FIXED PAYMENTS WHICH ARE BASED UPON PERFORMANCE AND ATTAINING GOALS SET DURING THE YEAR. THE PRESIDENT & CEO'S BONUS IS DETERMINED THROUGH THE COMPENSATION COMMITTEE OF THE BOARD. THE ORGANIZATION ALSO UTILIZES AN HR CONSULTING COMPANY TO ARRIVE AT A COMPENSATION LEVELS THAT INCORPORATE FOR PROFIT AND NON PROFIT SALARY RANGES FOR SIMILAR POSITIONS FOR BOTH THE PRESIDENT & CEO AND ALL SENIOR MANAGEMENT. ALL SENIOR MANAGEMENT SALARIES ARE WITHIN SUCH RANGES, AND IN ADDITION ALL SENIOR MANAGEMENT IS REVIEWED ANNUALLY FOR BOTH MERIT AND BONUS BY THE PRESIDENT & CEO.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349319153

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