Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
44 people listed on the 990; $2.3M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| James Balda | $623,480 | $886,170 | $829,250 | $1,099,750 | $512,500 |
| Maribeth Bersani | — | — | — | — | $360,470 |
| Margaret Elehwany | $267,369 | $277,736 | $275,803 | — | — |
| Maggie Elehwany | — | — | — | $258,375 | — |
| Ronald Williams | $198,838 | $242,308 | $241,469 | — | — |
| Brad Williams | — | — | — | $234,062 | $206,250 |
| Paul Williams | — | $223,208 | $205,350 | $194,994 | — |
| Regina Mamone | $159,364 | $220,702 | $217,554 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Advocates for senior living communities and expands professional apprenticeship programs to develop the nation's eldercare and allied healthcare workforce.
Questions for Argentum
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Conferences and Meetings
The senior living executive conference and expo are designed for executives in the senior living industry. The sessions addressed current issues facing senior living executives and provided innovative ideas to help executives navigate challenges. Strategic sessions provided an opportunity to examine a broad range of topics.
Public Policy
Argentum's public policy efforts are focused on advocating and supporting meaningful laws and regulations at the state and federal levels. Senior living is regulated in all 50 states, as well as impacted by some federal agencies.
Advocacy Fund
Argentum advocacy fund helps support public policy efforts to include securing financial relief, reasonable liability protections, and investing in the long-term needs of senior living providers.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $1.2M |
| InvestmentsLn 11–13 | $5.5M | $4.4M |
| Land, buildings, equipmentLn 10c | $175K | $80K |
| Total assetsLn 16 | $9.2M | $10.1M |
| LiabilitiesLn 26 | $2.5M | $5.6M |
| Net assetsLn 32 | $6.8M | $4.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.7M | |||
| Other salaries and wagesLn 7 | $2.4M | |||
| Pension plan contributionsLn 8 | $134K | |||
| Other employee benefitsLn 9 | $311K | |||
| Payroll taxesLn 10 | $230K | |||
| Legal feesLn 11b | $23K | |||
| Accounting feesLn 11c | $64K | |||
| Lobbying feesLn 11d | $515K | |||
| Investment management feesLn 11f | $78K | |||
| Other fees for servicesLn 11g | $1.2M | |||
| Advertising and promotionLn 12 | $19K | |||
| Office expensesLn 13 | $534K | |||
| OccupancyLn 16 | $426K | |||
| TravelLn 17 | $43K | |||
| Conferences, conventions and meetingsLn 19 | $570K | |||
| Depreciation, depletion and amortizationLn 22 | $117K | |||
| InsuranceLn 23 | $37K | |||
| Other expenses (24a–d)Ln 24 | $754K | |||
| All other expensesLn 24e | $77K | |||
| Total functional expensesLn 25 | $9.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $8.0M | $8.0M | $73K | $2.2M | 990 PDF |
| FY2023 | $9.7M | $11.3M | −$1.7M | $1.9M | 990 PDF |
| FY2022 Viewing | $8.0M | $9.2M | −$1.2M | $4.6M | 990 PDF |
| FY2021 | $17.9M | $11.7M | $6.2M | $6.8M | 990 PDF |
| FY2020 | $8.7M | $9.9M | −$1.3M | $466K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $8,036,743 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, no flags
Part VIII · Statement of revenue $8,036,743 across 8 lines filed
Part IX · Statement of functional expenses $9,209,262 across 19 lines filed
Part X · Balance sheet $10,143,837 assets, 15 lines filed
Part XI · Reconciliation of net assets $4,551,847 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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