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Nonprofiteer
← IMH REALTY CORPORATION

Form 990 for tax year 2024

Filed by IMH REALTY CORPORATION.

Totals

Total revenue
$0
Total expenses
$2,801,335
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$78,824,642
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$78,824,642
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 22 · Depreciation, depletion and amortization

    total $2,801,335

Balance sheet

Part X, book values.

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

    $116,273,568

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

    $37,448,926

  • 10c · Land, buildings and equipment, net

    beginning of year $79,964,283 · end of year $78,824,642

  • 27 · Net assets without donor restrictions

    beginning of year $79,964,283 · end of year $78,824,642

Mission and programs · 2024

Mission

TO SERVE THE CHARITABLE PURPOSE OF OPERATING THE CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS THE INDIANA MASONIC HOME IN FRANKLIN, IND.

Activities or mission (Part I)

TO SERVE THE CHARITABLE PURPOSE OF OPERATING THE CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS THE INDIANA MASONIC HOME IN FRANKLIN, INDIANA.

  • PROVIDE PROPERTY TO ENSURE THE RESIDENTIAL AND MEDICAL CARE OF THE ELDERLY.

As filed on the 2024 return.

Listed in Part VII

  • Carl Culmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Richard Elman

    GRAND SECRETARY

    Total calculated
    $155,187
    From this org
    $0
    From related orgs
    $113,713
    Other
    $41,474
    Hours/week
    0.3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,713 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,474 related
    Filer's total
    $0 + $155,187 related

  • Daniel Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kenneth Roy Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • David Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 5.7 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

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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543189349304819

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