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Nonprofiteer
← ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC

Form 990 for tax year 2022

Filed by ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC.

Totals

Total revenue
$44,473,072
Total expenses
$55,489,035
Contributions and grants received
$314,427
Grants paid
$0
Program service revenue
$42,486,825
Investment income
$1,671,820
Other revenue
$0
Total assets, end of year
$148,180,690
Total liabilities, end of year
$193,182,312
Net assets or fund balances, end of year
-$45,001,622
Program services expenses (Part IX)
$46,211,582
Management and general expenses
$9,046,516
Fundraising expenses
$230,937
Program service expenses (Part III)
$46,211,582

Program services were 83.3% 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.

  • 1f · All other contributions, gifts and grants

    $314,427

  • 2a · Program service revenue: RESIDENT REVENUE

    total $37,141,177 · related or exempt $37,141,177

  • 2b · Program service revenue: ENTRANCE FEES EARNED

    total $3,810,084 · related or exempt $3,810,084

  • 2f · All other program service revenue

    total $1,535,564 · related or exempt $1,535,564

  • 7a · Gross sales of assets other than inventory

    securities $1,671,820

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

    securities $0

  • 7c · Gain or loss

    securities $1,671,820

  • 7d · Net gain or loss

    total $1,671,820 · excluded $1,671,820

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,654,781 · program services $17,010,330 · management and general $522,123 · fundraising $122,328

  • 8 · Pension plan contributions

    total $366,091 · program services $246,396 · management and general $119,695

  • 9 · Other employee benefits

    total $2,334,618 · program services $1,571,308 · management and general $763,310

  • 10 · Payroll taxes

    total $1,498,601 · program services $1,335,993 · management and general $151,241 · fundraising $11,367

  • 11a · Fees: management

    total $1,895,195 · management and general $1,895,195

  • 11b · Fees: legal

    total $324,236 · management and general $324,236

  • 11c · Fees: accounting

    total $79,429 · management and general $79,429

  • 11g · Fees: other

    total $4,460,423 · program services $2,988,483 · management and general $1,471,940

  • 12 · Advertising and promotion

    total $172,694 · management and general $157,803 · fundraising $14,891

  • 13 · Office expenses

    total $672,174 · program services $73,943 · management and general $544,524 · fundraising $53,707

  • 17 · Travel

    total $104,024 · program services $19,411 · management and general $77,339 · fundraising $7,274

  • 19 · Conferences, conventions and meetings

    total $46,670 · program services $6,000 · management and general $38,085 · fundraising $2,585

  • 20 · Interest

    total $4,361,637 · program services $4,344,478 · management and general $17,159

  • 22 · Depreciation, depletion and amortization

    total $7,069,742 · program services $6,645,558 · management and general $424,184

  • 23 · Insurance

    total $404,819 · program services $161,391 · management and general $243,428

  • 24a · Other expenses: GENERAL AND ADMINISTRAT

    total $5,478,410 · program services $4,688,154 · management and general $790,256

  • 24b · Other expenses: ALL OTHER

    total $3,792,958 · program services $3,167,503 · management and general $606,670 · fundraising $18,785

  • 24c · Other expenses: SUPPLIES

    total $3,132,735 · program services $3,132,735

  • 24d · Other expenses: EQUIPMENT EXPENSES

    total $1,362,246 · program services $681,123 · management and general $681,123

  • 24e · All other expenses

    total $277,552 · program services $138,776 · management and general $138,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,400 · end of year $1,400

  • 2 · Savings and temporary cash investments

    beginning of year $811,854 · end of year $1,766,148

  • 4 · Accounts receivable

    beginning of year $13,098,605 · end of year $4,528,110

  • 8 · Inventories for sale or use

    beginning of year $16,048 · end of year $80,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $600,307 · end of year $39,554

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

    $206,621,218

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

    $93,023,302

  • 10c · Land, buildings and equipment, net

    beginning of year $118,325,932 · end of year $113,597,916

  • 12 · Investments: other securities

    beginning of year $31,627,817 · end of year $23,505,939

  • 15 · Other assets

    beginning of year $766,188 · end of year $4,660,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,606,280 · end of year $8,746,773

  • 19 · Deferred revenue

    beginning of year $26,166,870 · end of year $27,512,701

  • 20 · Tax-exempt bond liabilities

    beginning of year $77,831,602 · end of year $77,046,109

  • 23 · Secured mortgages and notes payable

    beginning of year $28,685,000 · end of year $26,250,000

  • 24 · Unsecured notes and loans payable

    beginning of year $46,563

  • 25 · Other liabilities

    beginning of year $52,766,042 · end of year $53,626,729

  • 27 · Net assets without donor restrictions

    beginning of year -$25,583,281 · end of year -$45,911,102

  • 28 · Net assets with donor restrictions

    beginning of year $729,075 · end of year $909,480

Mission and programs · 2022

Mission

WE HONOR ELDERS, ALL ELDERS, AND ARE COMMITTED TO CREATING AND FOSTERING DIVERSE, CARING COMMUNITIES WHERE EVERYONE HAS A VOICE AND VALUE.

Activities or mission (Part I)

ALDERSGATE PROVIDES EXCELLENT CONTINUING CARE SERVICES FOR SENIORS. WE HONOR ELDERS AND ARE COMMITTED TO CREATING AND FOSTERING DIVERSE, CARING COMMUNITIES WHERE EVERYONE HAS A VOICE AND VALUE.

  • ALDERSGATE PROVIDES HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE.

    Expenses $46,211,582 · Revenue $42,486,825

As filed on the 2022 return.

Listed in Part VII

  • Patricia Pat G Garrett

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Vaughn Jr

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stanley Watkins

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin McKane

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Otto Harris

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jean Gossett

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mandy Grimes

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bill Jones III

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tommy Lawing

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Fred Longietti

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Billy Maddalon

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gene Robbins

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Irene Vogelsong

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Wilson

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Suzanne Pugh

    CEO

    Total calculated
    $285,448
    From this org
    $0
    From related orgs
    $273,086
    Other
    $12,362
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,086 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,597 related
    Nontaxable benefits
    $0 + $6,765 related
    Filer's total
    $0 + $285,448 related

  • Jeffrey Weatherhead

    CHIEF OPERATING OFFICER

    Total calculated
    $109,310
    From this org
    $0
    From related orgs
    $106,380
    Other
    $2,930
    Hours/week
    2 + 38 related

  • Callie Baker

    HEALTH CARE ADMIN

    Total calculated
    $124,715
    From this org
    $0
    From related orgs
    $120,835
    Other
    $3,880
    Hours/week
    40

  • Rochelle Carter

    SALES & MARKETING

    Total calculated
    $128,054
    From this org
    $0
    From related orgs
    $124,390
    Other
    $3,664
    Hours/week
    40

  • Brooke Hodge

    EXECUTIVE DIRECTOR

    Total calculated
    $176,875
    From this org
    $0
    From related orgs
    $170,879
    Other
    $5,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $170,879 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,664 related
    Nontaxable benefits
    $0 + $2,332 related
    Filer's total
    $0 + $176,875 related

  • Jorge Millares

    SALES & MARKETING

    Total calculated
    $173,458
    From this org
    $0
    From related orgs
    $169,946
    Other
    $3,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $92,486 related
    Bonus
    $0 + $77,460 related
    Other
    $0
    Deferred
    $0 + $1,497 related
    Nontaxable benefits
    $0 + $2,015 related
    Filer's total
    $0 + $173,458 related

  • Eunice Omalay

    NURSING SERVICES

    Total calculated
    $120,772
    From this org
    $0
    From related orgs
    $115,967
    Other
    $4,805
    Hours/week
    40

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 · Written employment contract
  • 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

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.

  • ALDERSGATE HOLDINGS INC

    501(C)(2) · LAND INVESTMENT · NC · controlled entity

  • ALDERSGATE LIFE PLAN SERVICES INC

    501(C)(3) · HOLDING COMPANY · NC · controlled entity

  • ALDERSGATE AT SHARON INC

    501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC · controlled entity

  • ALDERSGATE AT SHALOM PARK INC

    501(C)(3) · SENIOR LIVING SERVICES (INACTIVE) · NC · controlled entity

  • ALDERSGATE AT HOME

    501(C)(3) · SENIOR LIVING SERVICES · NC · controlled entity

  • ALDERSGATE FOUNDATION INC

    501(C)(3) · FOUNDATION (INACTIVE) · NC · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349326184

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