Yellowwood Acres INC FY2020 filing

Long Beach, CAUnknown exempt organizationEIN 35-1590607Revenue $13.5M in FY2020

On file with the IRSwestminstervillageretirement.org911 N Studebaker Road · Long Beach, CA

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Nursing services and senior housing

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $75K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16.7M
197% of total assets
Concern: liabilities are 197% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.5M
Spent
$15.4M
To programs
87%
Net assets
−$8.2M
By yearFY2020–FY2025
Revenue
$13.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$13.5M
FY2021$12.1M
FY2022$20.8M
FY2023$458K
FY2024$224K
FY2025$54K
Expenses
$15.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.4M
FY2021$15.0M
FY2022$16.3M
FY2023$253K
FY2024$164K
FY2025$464K
Net assets
−$8.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$8.2M
FY2021−$11.2M
FY2022−$6.6M
FY2023$349K
FY2024$410K
FY2025$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $13.4M Management & general 13% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
Director and VP
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
See Yellowwood Acres INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides nursing care and housing for seniors.

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Provided by the organization

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1 program · $13.4M · in their own filed words · FY2019
01

To provide quality living for senior citizens in 162 independent living units, 94 assisted living units, and 94 licensed skilled nursing beds in clarksville, INDIANA.AT westminster village kentuckiana and westminster health care center we provide residential living, assisted living, short-term rehabilitation and skilled nursing services.

$13.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $464K · 2024–2024
Retirement Housing FoundationCA · FY2024$464,050

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$13.5M
Ln 12
Fees for servicesLn 2g$12.7M
Gifts and grantsLn 1h$643K
Other incomeLn 4–11$100K
Money outPt IX
$15.4M
Ln 25
Programscol B$13.4M
Managementcol C$2.0M
Owns and owesPt X
−$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$8.5M
LiabilitiesLn 26$16.7M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$643K
Government grantsLn 1e$641K
Fees for servicesLn 2g$12.7M
Investment incomeLn 3$20K
Other incomeLn 4–11$100K
Total revenueLn 12$13.5M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$6.4M
Total assetsLn 16$8.5M
LiabilitiesLn 26$16.7M
Net assetsLn 32−$8.2M
OperationsPt I, VI
EmployeesI 5246
VolunteersI 644
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.3M
Land, buildings, equipmentLn 10c$7.0M$6.4M
Total assetsLn 16$8.9M$8.5M
LiabilitiesLn 26$14.7M$16.7M
Net assetsLn 32−$5.8M−$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.9M$4.4M$527K
Pension plan contributionsLn 8$31K$25K$6K
Other employee benefitsLn 9$834K$769K$65K
Payroll taxesLn 10$396K$321K$76K
Management feesLn 11a$674K$674K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$4.5M$4.4M$66K
Advertising and promotionLn 12$140K$56K$84K
Office expensesLn 13$880K$818K$63K
Information technologyLn 14$105K$105K
OccupancyLn 16$651K$651K
TravelLn 17$13K$7K$6K
InterestLn 20$222K$222K
Depreciation, depletion and amortizationLn 22$677K$677K
InsuranceLn 23$240K$240K
Other expenses (24a–d)Ln 24$1.1M$1.0M$42K
All other expensesLn 24e$40K$28K$12K
Total functional expensesLn 25$15.4M$13.4M$2.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $54K$464K−$410K$0 990 PDF
FY2024 $224K$164K$61K$410K 990 PDF
FY2023 $458K$253K$205K$349K 990 PDF
FY2022 $20.8M$16.3M$4.5M−$6.6M 990 PDF
FY2021 $12.1M$15.0M−$2.9M−$11.2M 990 PDF
FY2020 Viewing $13.5M$15.4M−$1.9M−$8.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $13,476,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,500$643,417
I-9 Program service revenuePrior year $12,923,764$12,712,333
I-10 Investment incomePrior year $14,045$20,195
I-11 Other revenuePrior year $118,587$100,108
I-12 Total revenuePrior year $13,059,896$13,476,053
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,140,964$6,141,764
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,049,525$9,230,871
I-18 Total expensesPrior year $15,190,489$15,372,635
I-19 Revenue less expensesPrior year −$2,130,593−$1,896,582
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,476,053 across 7 lines filed
Lines not itemized here account for $16,610 of total revenue; see the IRS return.
VIII-1e Government grants$640,665
VIII-1f All other contributions, gifts and grants$2,752
VIII-1h Total contributions, gifts and grants$643,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,712,333$12,712,333
VIII-3 Investment incomeExcluded from tax $20,195$20,195
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $83,498$83,498
VIII-12 Total revenueRelated to mission $12,712,333 · Unrelated business $0 · Excluded from tax $120,303$13,476,053
Part IX · Statement of functional expenses $15,372,635 across 18 lines filed
IX-7 Other salaries and wagesPrograms $4,353,187 · Management $527,045$4,880,232
IX-8 Pension plan contributionsPrograms $25,270 · Management $5,885$31,155
IX-9 Other employee benefitsPrograms $769,133 · Management $64,905$834,038
IX-10 Payroll taxesPrograms $320,759 · Management $75,580$396,339
IX-11a Management feesManagement $674,109$674,109
IX-11b Legal feesManagement $7,236$7,236
IX-11c Accounting feesManagement $42,886$42,886
IX-11g Other fees for servicesPrograms $4,394,570 · Management $66,401$4,460,971
IX-12 Advertising and promotionPrograms $56,120 · Management $83,580$139,700
IX-13 Office expensesPrograms $817,522 · Management $62,625$880,147
IX-14 Information technologyManagement $104,971$104,971
IX-16 OccupancyPrograms $650,766$650,766
IX-17 TravelPrograms $7,059 · Management $6,265$13,324
IX-20 InterestPrograms $222,191$222,191
IX-22 Depreciation, depletion and amortizationPrograms $677,244$677,244
IX-23 InsuranceManagement $240,128$240,128
IX-24 Other expenses (24a–d)Programs $1,034,925 · Management $41,901$1,076,826
IX-24e All other expensesPrograms $28,246 · Management $12,126$40,372
IX-25 Total functional expensesPrograms $13,356,992 · Management $2,015,643 · Fundraising $0$15,372,635
Part X · Balance sheet $8,499,017 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,500$2,500
X-2 Savings and temporary cash investmentsStart of year $1,129,521$1,249,165
X-4 Accounts receivableStart of year $729,540$647,348
X-8 Inventories for sale or useStart of year $67,207$19,511
X-9 Prepaid expenses and deferred chargesStart of year $1,902$189,022
X-10c Land, buildings and equipment, netStart of year $6,963,657$6,391,471
X-16 Total assetsStart of year $8,894,327$8,499,017
X-17 Accounts payable and accrued expensesStart of year $1,170,344$1,456,887
X-19 Deferred revenueStart of year $39,129$69,275
X-20 Tax-exempt bond liabilitiesStart of year $7,745,225$7,259,570
X-25 Other liabilitiesStart of year $5,674,220$7,924,897
X-26 Total liabilitiesStart of year $14,680,671$16,726,842
X-27 Net assets without donor restrictionsStart of year −$5,786,344−$8,227,825
X-32 Total net assets or fund balancesStart of year −$5,786,344−$8,227,825
X-33 Total liabilities and net assetsStart of year $8,894,327$8,499,017
Part XI · Reconciliation of net assets −$8,227,825 net assets at year end
XI-1 Total revenue$13,476,053
XI-2 Total expenses$15,372,635
XI-3 Revenue less expenses−$1,896,582
XI-4 Net assets at start of year−$5,786,344
XI-5 Net unrealized gains (losses) on investments−$2,575
XI-9 Other changes in net assets−$542,324
XI-10 Net assets at end of year−$8,227,825

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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