PRESERVATION FREEHOLD COMPANY: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PRESERVATION FREEHOLD COMPANY (EIN 90-0475369)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223199349313327
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T12:51:36-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 946214841 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARMANINO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15950 N DALLAS PKWY 600 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75248 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900475369 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESERVATION FREEHOLD COMPANY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 2147252837 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WATERS RIDGE DRIVE 100 | AddressLine1Txt |
| City | LEWISVILLE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75057 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES M CHANCE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 4052090291 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAMES | PersonFirstNm |
| Person Last | CHANCE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW PETROSKI | PreparerPersonNm |
| PTIN | P00853132 | PTIN |
| Phone | 9726611843 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES M CHANCE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WATERS RIDGE DRIVE 100 | AddressLine1Txt |
| City | LEWISVILLE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $99,735,351 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2009 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | PRESERVATION FREEHOLD COMPANY IS A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, BUT NOT BY WAY OF LIMITATION THEREOF, THE CORPORATION SHALL CARRY OUT THESE PURPOSES PRIMARILY BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 3859 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $208,379 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,771,272 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $11,442,750 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $92,723,245 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,764 | CYInvestmentIncomeAmt |
| PY Other Revenue | $55,392 | PYOtherRevenueAmt |
| CY Other Revenue | $237,070 | CYOtherRevenueAmt |
| PY Total Revenue | $11,706,521 | PYTotalRevenueAmt |
| CY Total Revenue | $99,735,351 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,420,053 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $45,748,661 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,399,691 | PYOtherExpensesAmt |
| CY Other Expenses | $57,348,359 | CYOtherExpensesAmt |
| PY Total Expenses | $12,819,744 | PYTotalExpensesAmt |
| CY Total Expenses | $103,097,020 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,113,223 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,361,669 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $35,490,463 | TotalAssetsBOYAmt |
| Total Assets EOY | $599,345,935 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $39,109,123 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $606,326,264 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$3,618,660 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$6,980,329 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PRESERVATION FREEHOLD COMPANY IS A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, BUT NOT BY WAY OF LIMITATION THEREOF, THE CORPORATION SHALL CARRY OUT THESE PURPOSES PRIMARILY BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $86,546,582 | ExpenseAmt |
| Revenue | $92,960,315 | RevenueAmt |
| Desc | PRESERVATION FREEHOLD COMPANY IS A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS. THE ORGANIZATION CARRIES OUT THESE PURPOSES BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. | Desc |
| Total Program Service Expenses | $86,546,582 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 339 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3859 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES M CHANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2147252837 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WATERS RIDGE DRIVE 100 | AddressLine1Txt |
| City | LEWISVILLE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75057 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| AMY JAMESON | |||||||
| FACILITY EMPLOYEE | 52.58 | Yes (X) | $147,045 | $0 | $5,324 | ||
| JUDY GETTINGS | |||||||
| FACILITY EMPLOYEE | 61.76 | Yes (X) | $131,398 | $0 | $438 | ||
| LEEANN R BOONE | |||||||
| FACILITY EMPLOYEE | 74.94 | Yes (X) | $130,820 | $0 | $0 | ||
| KELLIE R WHITEFIELD | |||||||
| FACILITY EMPLOYEE | 53.71 | Yes (X) | $121,228 | $0 | $0 | ||
| VICKIE KING | |||||||
| FACILITY EMPLOYEE | 47.06 | Yes (X) | $118,133 | $0 | $438 | ||
| JAMES CHANCE | |||||||
| PRESIDENT/CEO | 30.00 | $95,144 | $0 | $4,476 | Yes (X) | Yes (X) | |
| THOMAS E LANGDON | |||||||
| SECRETARY/TREASURER | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| DANA ARNETTE | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| DARRELL MCGEHEE | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $743,768 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $10,676 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STONEGATE SENIOR LIVING LLC | |||||
| 1500 WATERS RIDGE DRIVE STE 200 | LEWISVILLE | TX | 75057 | MANAGEMENT COMPANY | $6,902,216 |
| REHAB PRO | |||||
| 17521 US HWY 69 SOUTH STE 120 | TYLER | TX | 75703 | THERAPY SERIVCES | $4,238,150 |
| HEALTHCARE SERVICES GROUP | |||||
| P O BOX 829677 | PHILDELPHIA | PA | 19182 | LAUNDRY & HOUSEKEEPING SERVICES | $568,478 |
| SHIFTKEY LLC | |||||
| 14800 FRY ROAD 2ND FLOOR | FORT WORTH | TX | 76155 | NURSE STAFFING SERVICE | $488,853 |
| FIRST CALL OF OKLAHOMA CITY | |||||
| PO BOX 1857 | OWASSO | OK | 74055 | NURSE STAFFING SERVICE | $366,393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $6,769,851 | GovernmentGrantsAmt |
| All Other Contributions | $1,421 | AllOtherContributionsAmt |
| Total Contributions | $6,771,272 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ROOM & BOARD | 624200 | $65,207,985 | $65,207,985 |
| MEDICAL SERVICES | 624100 | $16,064,902 | $16,064,902 |
| RENTAL INCOME | 531110 | $8,632,493 | $8,632,493 |
| MANAGEMENT FEES | 561000 | $2,646,080 | $2,646,080 |
| COVID TESTING | 621500 | $171,785 | $171,785 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $92,723,245 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,764 | TotalRevenueColumnAmt |
| Exclusion | $3,764 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $237,070 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $237,070 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $237,070 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $99,735,351 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,960,315 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,764 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,219 | TotalAmt |
| Management And General | $103,219 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,238,185 | TotalAmt |
| Program Services | $37,534,709 | ProgramServicesAmt |
| Management And General | $2,703,476 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,930,464 | TotalAmt |
| Program Services | $1,740,344 | ProgramServicesAmt |
| Management And General | $190,120 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,476,793 | TotalAmt |
| Program Services | $3,337,698 | ProgramServicesAmt |
| Management And General | $139,095 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,291,501 | TotalAmt |
| Management And General | $7,291,501 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,843 | TotalAmt |
| Program Services | $136,843 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,799 | TotalAmt |
| Management And General | $388,799 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,659,306 | TotalAmt |
| Program Services | $12,659,306 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,487 | TotalAmt |
| Management And General | $83,487 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $882,352 | TotalAmt |
| Program Services | $756,474 | ProgramServicesAmt |
| Management And General | $125,878 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $780,883 | TotalAmt |
| Program Services | $780,883 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,880,557 | TotalAmt |
| Program Services | $9,245,274 | ProgramServicesAmt |
| Management And General | $635,283 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,902 | TotalAmt |
| Program Services | $35,033 | ProgramServicesAmt |
| Management And General | $3,869 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,058 | TotalAmt |
| Program Services | $39,058 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,144,166 | TotalAmt |
| Program Services | $10,144,166 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,915,261 | TotalAmt |
| Program Services | $4,915,261 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,450,552 | TotalAmt |
| Program Services | $2,450,552 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| MISCELLANEOUS EXPENSES | $3,867,041 | $3,867,041 | |
| DIETARY | $1,772,762 | $1,772,762 | |
| BAD DEBT EXPENSE | $1,018,670 | $1,018,670 | |
| NURSING | $595,177 | $595,177 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,042 | TotalAmt |
| Program Services | $403,042 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,097,020 | TotalAmt |
| Program Services | $86,546,582 | ProgramServicesAmt |
| Management And General | $16,550,438 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,048 | BOYAmt |
| EOY | $22,937,628 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,850 | BOYAmt |
| EOY | $65,725,882 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,821,521 | BOYAmt |
| EOY | $13,634,553 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,082,843 | BOYAmt |
| EOY | $1,862,022 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $493,932,997 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,765,677 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,486,143 | BOYAmt |
| EOY | $483,167,320 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,998,058 | BOYAmt |
| EOY | $12,018,530 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,490,463 | BOYAmt |
| EOY | $599,345,935 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,390,918 | BOYAmt |
| EOY | $25,276,585 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,350 | BOYAmt |
| EOY | $707,911 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,000 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,910,000 | BOYAmt |
| EOY | $574,083,045 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,387,855 | BOYAmt |
| EOY | $6,258,723 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,109,123 | BOYAmt |
| EOY | $606,326,264 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,618,660 | BOYAmt |
| EOY | -$6,980,329 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,618,660 | BOYAmt |
| EOY | -$6,980,329 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,490,463 | BOYAmt |
| EOY | $599,345,935 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,361,669 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $66,667 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $208,379 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,771,272 | CurrentTaxYearAmt |
| Total | $7,046,318 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,594 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$82,091 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,581,312 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,442,750 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,723,245 | CurrentTaxYearAmt |
| Total | $106,711,810 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,594 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$82,091 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,647,979 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,651,129 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $99,494,517 | CurrentTaxYearAmt |
| Total | $113,758,128 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $113,758,128 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $91 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $3,764 | CurrentTaxYearAmt |
| Total | $3,855 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $91 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $3,764 | CurrentTaxYearAmt |
| Total | $3,855 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $55,392 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $237,070 | CurrentTaxYearAmt |
| Total | $292,462 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,594 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$82,091 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,648,070 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,706,521 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $99,735,351 | CurrentTaxYearAmt |
| Total | $114,054,445 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99740 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99520 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,045,784 | OtherCostOrOtherBasisAmt |
| Book Value | $29,045,784 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $448,295,755 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,644,909 | DepreciationAmt |
| Book Value | $439,650,846 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,862,989 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,754 | DepreciationAmt |
| Book Value | $3,859,235 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,361,919 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,117,014 | DepreciationAmt |
| Book Value | $10,244,905 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $366,550 | OtherCostOrOtherBasisAmt |
| Book Value | $366,550 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $483,167,320 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO OWNER | $68,602 |
| CAPITAL LEASES | $4,678,702 |
| INSURANCE | $1,270,357 |
| COST REPORT & PIP PAYMENTS | $241,062 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,258,723 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY JAMESON | PersonNm |
| Title | FACILITY EMPLOYEE | TitleTxt |
| Base Compensation Filing Org | $147,045 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $5,324 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $152,369 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | SANCTUARY LTC, LLC (THE "COMPANY"), A TEXAS LIMITED LIABILITY COMPANY FORMED ON SEPTEMBER 23, 2019 AS A WHOLLY OWNED SUBSIDIARY OF PRESERVATION FREEHOLD COMPANY (THE "PARENT"), A DELAWARE NONPROFIT CORPORATION. THE COMPANY WAS ORGANIZED TO BE EXCLUSIVELY OPERATED FOR CHARITABLE PURPOSES WITHIN THE LONG-TERM CARE COMMUNITY. THE COMPANY BEGAN OPERATIONS IN 2020, ASSISTING WITH THE OPERATION OF SIX SKILLED NURSING FACILITIES IN ANTICIPATION OF A PURCHASE OPTION. ON SEPTEMBER 24, 2021 THE COMPANY CLOSED AN ASSET PURCHASE ASSOCIATED WITH TWENTY-FOUR SKILLED NURSING FACILITIES ("SNFS") AND TWO ASSISTED LIVING FACILITIES ("ALFS") (THE "PROJECT") LOCATED IN TEXAS AND OKLAHOMA. EACH FACILITY'S OPERATIONS WERE PLACED IN ITS OWN WHOLLY OWNED LIMITED LIABILITY COMPANY WITH ALL TWENTY-SIX REAL ESTATE FACILITIES HELD IN THE COMPANY. THE PROJECT WAS FINANCED BY THE ISSUANCE OF FOUR SERIES 2021 SENIOR LIVING REVENUE BONDS ISSUED BY NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION ("NEW HOPE"). THE PROCEEDS FROM THE SALE OF THREE OF THE SERIES WERE LOANED TO THE COMPANY TO FUND THE CASH PORTION OF THE PURCHASE, THE FOURTH SERIES WAS ACCOUNTED FOR AS SELLER FINANCING. AT APPROXIMATELY THE SAME TIME, THE COMPANY BEGAN OPERATING AN ADDITIONAL ALF. THE ALF IS OWNED BY A SUBSIDIARY OF THE PARENT COMPANY. THE COMPANY PROVIDES INPATIENT HEALTH CARE, THERAPY, REHABILITATION AND OTHER SENIOR LIVING SERVICES TO PATIENTS OF THE FACILITIES. BECAUSE OF THESE NEW OPERATIONS, PRESERVATION FREEHOLD COMPANY'S REVENUE AND ASSETS INCREASED SIGNIFICANTLY IN TAX YEAR 2021. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE PRESIDENT, AFFECTED DIRECTOR, OR PERSON WITH KNOWLEDGE DISCLOSES TO THE BOARD THE POTENTIAL CONFLICTS, DESCRIBES THEM THOROUGHLY, EXPLAINS PERTINENT CONTEXT AND SITUATION DISINTERESTED DIRECTORS THEN CONSIDER AND VOTE ON WHETHER TO PROCEED DESPITE THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | ON MARCH 13, 2020, THE BOARD APPROVED FORMATION OF AN EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE TO EVALUATE PERFORMANCE, OBTAIN RESEARCH AND INFORMATION, AND MAKE RECOMMENDATIONS CONCERNING COMPENSATION OF DIRECTORS, OFFICERS AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS ACCORDING TO THE APPROVED CORPORATION COMPENSATION POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CEO MAKES THEM AVAILABLE UPON REQUEST THEY ARE STORED ELECTRONICALLY IN THE CLOUD AND AVAILABLE FOR IMMEDIATE DOWNLOAD AND PRINTING THEY ARE ALSO AVAILABLE IN HARD COPY AT THE COMPANY'S COUNSEL'S OFFICE. |
| FORM 990, PART IX, LINE 11G | ANCILLARY SERVICES: PROGRAM SERVICE EXPENSES 8,020,259. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,020,259. DIETARY CONSULTING: PROGRAM SERVICE EXPENSES 243,571. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243,571. NURSING CONTRACT LABOR: PROGRAM SERVICE EXPENSES 3,524,474. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,524,474. LAUNDRY SERVICES: PROGRAM SERVICE EXPENSES 233,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,462. TRANSPORTATION & ACTIVITIES CONTRACTORS: PROGRAM SERVICE EXPENSES 637,540. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 637,540. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (30 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| PF COLONIAL SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843339535 | OPERATE SKILLED NURSING FACILITY | TX | $1,005,820 | $10,395,537 | SANCTUARY LTC LLC |
| PF HERITAGE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843363936 | OPERATE SKILLED NURSING FACILITY | TX | $951,220 | $9,389,915 | SANCTUARY LTC LLC |
| PF PINE GROVE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843364077 | OPERATE SKILLED NURSING FACILITY | TX | $1,426,178 | $16,852,155 | SANCTUARY LTC LLC |
| PF REUNION SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843364185 | OPERATE SKILLED NURSING FACILITY | TX | $1,928,697 | $25,802,675 | SANCTUARY LTC LLC |
| PF CARTHAGE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843339443 | OPERATE SKILLED NURSING FACILITY | TX | $1,252,398 | $12,641,815 | SANCTUARY LTC LLC |
| PF CRYSTAL PARK SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843405635 | OPERATE SKILLED NURSING FACILITY | TX | $2,583,367 | $14,771,097 | SANCTUARY LTC LLC |
| PF WILLIAMSBURG SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843339357 | OPERATE SKILLED NURSING FACILITY | TX | $3,785,969 | $28,410,448 | SANCTUARY LTC LLC |
| PF SP ALF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843334099 | OPERATE SKILLED NURSING & ASSISTED LIVING FACILITY | TX | $96 | SANCTUARY LTC LLC | |
| PF BAYBROOKE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843318908 | OPERATE SKILLED NURSING FACILITY | TX | $2,336,633 | $26,270,148 | SANCTUARY LTC LLC |
| PF SETTLERS RIDGE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843334031 | OPERATE SKILLED NURSING FACILITY | TX | $1,692,738 | $15,793,926 | SANCTUARY LTC LLC |
| PF LUBBOCK SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843333865 | OPERATE SKILLED NURSING FACILITY | TX | $1,718,061 | $15,745,436 | SANCTUARY LTC LLC |
| PF LAWTON SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843364304 | OPERATE SKILLED NURSING FACILITY | TX | $2,695,800 | $24,481,474 | SANCTUARY LTC LLC |
| PF TNC SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843378079 | OPERATE SKILLED NURSING FACILITY | TX | $2,799,842 | $18,302,570 | SANCTUARY LTC LLC |
| PF SOUTHERN HILLS SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843378179 | OPERATE SKILLED NURSING & ASSISTED LIVING FACILITY | TX | $5,347,942 | $47,713,524 | SANCTUARY LTC LLC |
| PF BROADMORE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843333964 | OPERATE SKILLED NURSING FACILITY | TX | $1,610,594 | $21,263,618 | SANCTUARY LTC LLC |
| PF GH SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843318973 | OPERATE SKILLED NURSING FACILITY | TX | $1,939,802 | $25,265,844 | SANCTUARY LTC LLC |
| PF LW ALF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843319076 | OPERATE ASSISTED LIVING FACILITY | TX | $877,724 | $16,534,682 | SANCTUARY LTC LLC |
| PF PLANO SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843318785 | OPERATE SKILLED NURSING FACILITY | TX | $2,430,083 | $22,502,312 | SANCTUARY LTC LLC |
| PF IRVING SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843339255 | OPERATE SKILLED NURSING FACILITY | TX | $2,395,876 | $27,786,531 | SANCTUARY LTC LLC |
| PF MPW SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843378325 | OPERATE SKILLED NURSING FACILITY | TX | $3,090,781 | $21,367,035 | SANCTUARY LTC LLC |
| PF SOUTH YUKON SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843392450 | OPERATE SKILLED NURSING FACILITY | TX | $11,252,743 | $26,543,525 | SANCTUARY LTC LLC |
| PF YUKON ALF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843405300 | OPERATE ASSISTED LIVING FACILITY | TX | $322,156 | $1,271,888 | SANCTUARY LTC LLC |
| PF TUSCANY SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843405228 | OPERATE SKILLED NURSING FACILITY | TX | $11,355,444 | $24,216,678 | SANCTUARY LTC LLC |
| PF HPM SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843392339 | OPERATE SKILLED NURSING FACILITY | TX | $5,491,525 | $9,335,133 | SANCTUARY LTC LLC |
| PF NHCC SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843378464 | OPERATE SKILLED NURSING FACILITY | TX | $7,938,236 | $18,634,345 | SANCTUARY LTC LLC |
| PF MLR ALF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843392232 | OPERATE ASSISTED LIVING FACILITY | TX | $406,472 | $4,666,250 | SANCTUARY LTC LLC |
| PF MLE SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843392050 | OPERATE SKILLED NURSING FACILITY | TX | $9,800,167 | $20,333,261 | SANCTUARY LTC LLC |
| PF GARLAND SNF OPS LLC A TEXAS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843405547 | OPERATE SKILLED NURSING FACILITY | TX | $8,828,655 | $20,091,042 | SANCTUARY LTC LLC |
| SANCTUARY LTC LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843289346 | OWN AND OPERATE REAL PROPERTY & IMPROVEMENTS FOR ALF & SNF FACILITIES | TX | $9,077,418 | $566,762,548 | PRESERVATION FREEHOLD COMPANY |
| SANCTUARY REALCO HOLDINGS LLC | |||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 843304454 | OWN AND OPERATE REAL PROPERTY & IMPROVEMENTS FOR ALF & SNF FACILITIES | TX | -$530 | SANCTUARY LTC LLC | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAKEWEST ALF REALTY LLC | |||||||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 451632097 | OPERATE ALF REAL PROPERTY & IMPROVEMENTS | TX | PRESERVATION FREEHOLD COMPANY | RENTAL | -$2,005,020 | $10,610,586 | 0 | Yes (1) | 0.99900 |
| SIMPSON PLACE ALF REALTY LLC | |||||||||||||
| 1500 WATERS RIDGE DRIVE | LEWISVILLE | TX | 75057 | 472251927 | OPERATE ALF REAL PROPERTY & IMPROVEMENTS | TX | PRESERVATION FREEHOLD COMPANY | RENTAL | -$297,132 | $18,875,592 | 0 | Yes (1) | 0.99900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SIMPSON PLACE ALF REALTY LLC | ||
| D | $11,479,280 | BALANCE OF NOTE AT 12/31/2021 |
| SIMPSON PLACE ALF REALTY LLC | ||
| D | $6,000,000 | BALANCE OF NOTE AT 12/31/2021 |
| SIMPSON PLACE ALF REALTY LLC | ||
| K | $1,404,000 | RENT INCOME PER LEASE AGREEMENT |
| LAKEWEST ALF REALTY LLC | ||
| K | $1,050,078 | RENT INCOME PER LEASE AGREEMENT |