Yellowwood Acres INC: FY2023 Nonprofit Profile & Form 990 (EIN 35-1590607)

Revenue by fiscal year
FY2020	$13.5M
FY2021	$12.1M
FY2022	$20.8M
FY2023	$458K
FY2024	$224K
FY2025	$54K

Expenses by fiscal year
FY2020	$15.4M
FY2021	$15.0M
FY2022	$16.3M
FY2023	$253K
FY2024	$164K
FY2025	$464K

Net assets by fiscal year
FY2020	−$8.2M
FY2021	−$11.2M
FY2022	−$6.6M
FY2023	$349K
FY2024	$410K
FY2025	$0

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

78 cents of each dollar spent went to programs.

78%

22%

Program services 78% · $198K Management & general 22% · $55K

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

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

David S Moyer

Director

$0Pt VII · Sec A

R Jeffrey Pollock

Vice Chair/Director

$0Pt VII · Sec A

Norma Desaegher

Director

$0Pt VII · Sec A

Andrew Bunn

Treasurer

$0Pt VII · Sec A

Laura Fox Buchan

Secretary

$0Pt VII · Sec A

John Bauman

Vice Chair/Director

$0Pt VII · Sec A

Raymond E East

Director

$0Pt VII · Sec A

Donald G Hart

Chair/Director

$0Pt VII · Sec A

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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.

Questions for Yellowwood Acres INC

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Provided by the organization

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1 program · $198K · in their own filed words · FY2022

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.

$198Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$458K

Ln 12

Other incomeLn 4–11$428K

Investment incomeLn 3$23K

Fees for servicesLn 2g$7K

Money outPt IX

$253K

Ln 25

Programscol B$198K

Managementcol C$55K

Owns and owesPt X

$349K

net assets · Ln 32

Cash and savingsLn 1–2$438K

Total assetsLn 16$986K

LiabilitiesLn 26$637K

PeoplePt VI, VII

26

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$7K

Investment incomeLn 3$23K

Other incomeLn 4–11$428K

Total revenueLn 12$458K

Assets in detailPt X, end of year

CashLn 1$159

SavingsLn 2$438K

Cash and savings togetherLn 1–2$438K

Total assetsLn 16$986K

LiabilitiesLn 26$637K

Net assetsLn 32$349K

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$387K	$438K
Total assetsLn 16	$1.6M	$986K
LiabilitiesLn 26	$8.3M	$637K
Net assetsLn 32	−$6.6M	$349K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$3K		$3K
Accounting feesLn 11c	$350		$350
Other fees for servicesLn 11g	$106K	$86K	$20K
Advertising and promotionLn 12	$397	$397
Office expensesLn 13	$43K	$40K	$3K
Information technologyLn 14	$600		$600
TravelLn 17	$873	$747	$126
InterestLn 20	$12K	$12K
InsuranceLn 23	$24K		$24K
Other expenses (24a–d)Ln 24	$64K	$60K	$4K
Total functional expensesLn 25	$253K	$198K	$55K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$54K	$464K	−$410K	$0	990 PDF
FY2024	$224K	$164K	$61K	$410K	990 PDF
FY2023 Viewing	$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	$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 FY2023 990 (6 parts)

Part I · Summary $458,275 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $27,535$0

I-9 Program service revenuePrior year $13,225,352$6,663

I-10 Investment incomePrior year $7,238,675$23,281

I-11 Other revenuePrior year $298,953$428,331

I-12 Total revenuePrior year $20,790,515$458,275

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 $5,568,422$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $10,704,515$253,023

I-18 Total expensesPrior year $16,272,937$253,023

I-19 Revenue less expensesPrior year $4,517,578$205,252

Part VI · Governance 13 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

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 $458,275 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,663$6,663

VIII-3 Investment incomeExcluded from tax $23,281$23,281

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $421,689 · Excluded from tax $6,642$428,331

VIII-12 Total revenueRelated to mission $428,352 · Unrelated business $0 · Excluded from tax $29,923$458,275

Part IX · Statement of functional expenses $253,023 across 10 lines filed

IX-11b Legal feesManagement $3,010$3,010

IX-11c Accounting feesManagement $350$350

IX-11g Other fees for servicesPrograms $85,505 · Management $20,000$105,505

IX-12 Advertising and promotionPrograms $397$397

IX-13 Office expensesPrograms $39,940 · Management $2,942$42,882

IX-14 Information technologyManagement $600$600

IX-17 TravelPrograms $747 · Management $126$873

IX-20 InterestPrograms $11,586$11,586

IX-23 InsuranceManagement $23,663$23,663

IX-24 Other expenses (24a–d)Programs $59,717 · Management $4,440$64,157

IX-25 Total functional expensesPrograms $197,892 · Management $55,131 · Fundraising $0$253,023

Part X · Balance sheet $985,847 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $158$159

X-2 Savings and temporary cash investmentsStart of year $386,547$438,324

X-4 Accounts receivableStart of year $1,043,768$355,452

X-9 Prepaid expenses and deferred chargesStart of year $184,371$191,912

X-16 Total assetsStart of year $1,614,844$985,847

X-17 Accounts payable and accrued expensesStart of year $670,245$479,348

X-19 Deferred revenueStart of year $197,943$132,545

X-25 Other liabilitiesStart of year $7,383,129$15,198

X-26 Total liabilitiesStart of year $8,261,181$636,955

X-27 Net assets without donor restrictionsStart of year −$6,646,337$348,892

X-32 Total net assets or fund balancesStart of year −$6,646,337$348,892

X-33 Total liabilities and net assetsStart of year $1,614,844$985,847

Part XI · Reconciliation of net assets $348,892 net assets at year end

XI-1 Total revenue$458,275

XI-2 Total expenses$253,023

XI-3 Revenue less expenses$205,252

XI-4 Net assets at start of year−$6,646,337

XI-5 Net unrealized gains (losses) on investments$14,009

XI-8 Prior period adjustments$144

XI-9 Other changes in net assets$6,775,824

XI-10 Net assets at end of year$348,892

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Yellowwood Acres INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Yellowwood Acres INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV