Yellowwood Acres INC FY2021 filing

Long Beach, CAUnknown exempt organizationEIN 35-1590607Revenue $12.1M in FY2021

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

Before you give

FY2021 · 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
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19.0M
242% of total assets
Concern: liabilities are 242% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.1M
-10% vs prior year
Spent
$15.0M
To programs
87%
Net assets
−$11.2M
By yearFY2020–FY2025
Revenue
$12.1M
FY2021▼ -10%
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
$15.0M
FY2021▼ -2%
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
−$11.2M
FY2021▼ -36%
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 FY2021 Form 990 (year ending September 2021) · see the original

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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% · $13.0M 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

28 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chair/Director
$0Pt VII · Sec A
Vice Chair/Director
$0Pt VII · Sec A
Vice Chair/Director
$0Pt VII · Sec A
Treasurer/Director (term Ended)
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $13.0M · in their own filed words · FY2020
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.

$13.0Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$12.1M
Ln 12
Fees for servicesLn 2g$11.9M
Other incomeLn 4–11$93K
Gifts and grantsLn 1h$78K
Money outPt IX
$15.0M
Ln 25
Programscol B$13.0M
Managementcol C$2.0M
Owns and owesPt X
−$11.2M
net assets · Ln 32
Cash and savingsLn 1–2$961K
Total assetsLn 16$7.8M
LiabilitiesLn 26$19.0M
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$78K
Fees for servicesLn 2g$11.9M
Investment incomeLn 3$16K
Other incomeLn 4–11$93K
Total revenueLn 12$12.1M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$959K
Cash and savings togetherLn 1–2$961K
Land, buildings, equipmentLn 10c$5.8M
Total assetsLn 16$7.8M
LiabilitiesLn 26$19.0M
Net assetsLn 32−$11.2M
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$961K
Land, buildings, equipmentLn 10c$6.4M$5.8M
Total assetsLn 16$8.5M$7.8M
LiabilitiesLn 26$16.7M$19.0M
Net assetsLn 32−$8.2M−$11.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.4M$3.8M$544K
Pension plan contributionsLn 8$28K$25K$3K
Other employee benefitsLn 9$610K$555K$55K
Payroll taxesLn 10$380K$281K$100K
Management feesLn 11a$677K$677K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$5.0M$4.9M$60K
Advertising and promotionLn 12$130K$59K$71K
Office expensesLn 13$765K$705K$60K
Information technologyLn 14$108K$108K
OccupancyLn 16$714K$714K
TravelLn 17$5K$3K$3K
InterestLn 20$264K$264K
Depreciation, depletion and amortizationLn 22$655K$655K
InsuranceLn 23$232K$232K
Other expenses (24a–d)Ln 24$1.1M$1.0M$5K
All other expensesLn 24e$21K$21K
Total functional expensesLn 25$15.0M$13.0M$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 Viewing $12.1M$15.0M−$2.9M−$11.2M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $12,102,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $643,417$78,291
I-9 Program service revenuePrior year $12,712,333$11,915,679
I-10 Investment incomePrior year $20,195$16,000
I-11 Other revenuePrior year $100,108$92,853
I-12 Total revenuePrior year $13,476,053$12,102,823
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 $6,141,764$5,402,101
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,230,871$9,625,847
I-18 Total expensesPrior year $15,372,635$15,027,948
I-19 Revenue less expensesPrior year −$1,896,582−$2,925,125
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $12,102,823 across 7 lines filed
Lines not itemized here account for $13,382 of total revenue; see the IRS return.
VIII-1e Government grants$77,791
VIII-1f All other contributions, gifts and grants$500
VIII-1h Total contributions, gifts and grants$78,291
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,915,679$11,915,679
VIII-3 Investment incomeExcluded from tax $16,000$16,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $79,471$79,471
VIII-12 Total revenueRelated to mission $11,915,679 · Unrelated business $0 · Excluded from tax $108,853$12,102,823
Part IX · Statement of functional expenses $15,027,948 across 18 lines filed
IX-7 Other salaries and wagesPrograms $3,839,591 · Management $544,052$4,383,643
IX-8 Pension plan contributionsPrograms $25,281 · Management $3,182$28,463
IX-9 Other employee benefitsPrograms $555,043 · Management $54,606$609,649
IX-10 Payroll taxesPrograms $280,623 · Management $99,723$380,346
IX-11a Management feesManagement $677,365$677,365
IX-11b Legal feesManagement $4,855$4,855
IX-11c Accounting feesManagement $36,560$36,560
IX-11g Other fees for servicesPrograms $4,901,672 · Management $59,511$4,961,183
IX-12 Advertising and promotionPrograms $58,780 · Management $71,073$129,853
IX-13 Office expensesPrograms $704,954 · Management $59,595$764,549
IX-14 Information technologyManagement $108,463$108,463
IX-16 OccupancyPrograms $714,237$714,237
IX-17 TravelPrograms $2,690 · Management $2,680$5,370
IX-20 InterestPrograms $264,135$264,135
IX-22 Depreciation, depletion and amortizationPrograms $654,565$654,565
IX-23 InsuranceManagement $232,135$232,135
IX-24 Other expenses (24a–d)Programs $1,046,885 · Management $4,768$1,051,653
IX-24e All other expensesManagement $20,924$20,924
IX-25 Total functional expensesPrograms $13,048,456 · Management $1,979,492 · Fundraising $0$15,027,948
Part X · Balance sheet $7,846,822 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 $1,249,165$958,798
X-4 Accounts receivableStart of year $647,348$897,334
X-8 Inventories for sale or useStart of year $19,511$19,511
X-9 Prepaid expenses and deferred chargesStart of year $189,022$188,075
X-10c Land, buildings and equipment, netStart of year $6,391,471$5,780,604
X-16 Total assetsStart of year $8,499,017$7,846,822
X-17 Accounts payable and accrued expensesStart of year $1,456,887$1,485,929
X-19 Deferred revenueStart of year $69,275$191,383
X-20 Tax-exempt bond liabilitiesStart of year $7,259,570$6,765,928
X-25 Other liabilitiesStart of year $7,924,897$10,550,794
X-26 Total liabilitiesStart of year $16,726,842$19,001,559
X-27 Net assets without donor restrictionsStart of year −$8,227,825−$11,154,737
X-32 Total net assets or fund balancesStart of year −$8,227,825−$11,154,737
X-33 Total liabilities and net assetsStart of year $8,499,017$7,846,822
Part XI · Reconciliation of net assets −$11,154,737 net assets at year end
XI-1 Total revenue$12,102,823
XI-2 Total expenses$15,027,948
XI-3 Revenue less expenses−$2,925,125
XI-4 Net assets at start of year−$8,227,825
XI-5 Net unrealized gains (losses) on investments−$1,787
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$11,154,737

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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