The Glen Retirement System FY2021 filing

Tax-deductible

Shreveport, LA501(c)(3)Since 1898Human ServicesEIN 72-0428013

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The mission of the Glen Retirement System is to enrich the lives of older people through housing, healthcare and services.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$506K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
1 of 6
filings with a surplus
Average deficit $1.5M a year · 9% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$506K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.5M
+6% vs prior year
Spent
$16.5M
To programs
80%
Net assets
$18.6M
By yearFY2020–FY2025
Revenue
$16.5M
FY2021▲ +6%
Revenue by fiscal year
FY2020$15.6M
FY2021$16.5M
FY2022$16.2M
FY2023$17.1M
FY2024$20.2M
FY2025$22.0M
Expenses
$16.5M
FY2021▲ +2%
Expenses by fiscal year
FY2020$16.1M
FY2021$16.5M
FY2022$17.8M
FY2023$20.3M
FY2024$22.0M
FY2025$24.0M
Net assets
$18.6M
FY2021▲ +14%
Net assets by fiscal year
FY2020$16.4M
FY2021$18.6M
FY2022$15.0M
FY2023$10.6M
FY2024$9.0M
FY2025$6.9M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1935.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $13.3M Management & general 20% · $3.2M

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

18 people listed on the 990; $506K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$154,074Pt VII · Sec A
Administrator, Village Health
$129,568Pt VII · Sec A
Chief Financial Officer
$119,079Pt VII · Sec A
Dir. of Ind. & Assisted Living
$103,072Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
1st Vice Chairman
$0Pt VII · Sec A
2nd Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Debra Williams’s $164K as President & CEO is at the 26th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Debra Williams$163,941$174,341$166,217$162,575$154,074$143,325
Michelle Greer$144,323$142,454$130,700$122,644$129,568$110,786
Marie Davis——$124,252$132,028$119,079$109,277
Marie Davis (thru 101223)—$131,714————
Natasha Sudarto$128,792$127,414$119,707$101,846——
Denith Ruffin$109,658—————
Cynthia Reese$103,284———$103,072—
Dee Burns$99,263—————

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

Provides housing, healthcare, and services to enrich older people's lives.

Provided by the organization

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3 program services account for $13.3M of program spending, described in the organization's own filed words · FY2020.
01

Skilled nursing facility licensed for 126 beds, medicare and medicaid certified. Designed with 5 households with total of 121 active beds to provide a nurturing environment. An average occupancy of 80% with a payor mix of 46% private pay, 39% medicaid, and 15% medicare providing 35,160 patient days in fiscal year ending 4/30/21.

$8.6Mprogram expense
02

Independent living / assisted living rental units for those 65 or older to live comfortably with the option to add services as care level changes. 100 apartments with an average occupancy of 83% providing 30,273 days of care in fiscal year ending 4/30/21.

$2.9Mprogram expense
03

Memory care assisted living in two secured buildings with a home like environment and activities geared for those over 65 with memory loss. 30 apartments with an average occupancy of 92% providing 10,033 days of care in fiscal year ending 4/30/21.

$1.8Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$4K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Fees for servicesLn 2g$14.0M
Other incomeLn 4–11$2.0M
Investment incomeLn 3$385K
Money outPt IX
$16.5M
Ln 25
Programscol B$13.3M
Managementcol C$3.2M
Owns and owesPt X
$18.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$69.9M
LiabilitiesLn 26$51.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Fees for servicesLn 2g$14.0M
Investment incomeLn 3$385K
Other incomeLn 4–11$2.0M
Gains on assetsLn 7$163K
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$433K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$25.0M
Land, buildings, equipmentLn 10c$37.1M
Other assetsLn 15$1.0M
Total assetsLn 16$69.9M
LiabilitiesLn 26$51.3M
Net assetsLn 32$18.6M
OperationsPt I, VI
EmployeesI 5286
VolunteersI 693
Fiscal year endsHeaderApril
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$4.2M$3.6M
InvestmentsLn 11–13$42.2M$25.0M
Land, buildings, equipmentLn 10c$20.4M$37.1M
Total assetsLn 16$68.3M$69.9M
LiabilitiesLn 26$52.0M$51.3M
Net assetsLn 32$16.4M$18.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$275K$233K$42K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$7.2M$6.1M$1.1M
Pension plan contributionsLn 8$53K$31K$22K
Other employee benefitsLn 9$612K$503K$109K
Payroll taxesLn 10$543K$475K$68K
Management feesLn 11a$48K$48K
Legal feesLn 11b$40K$40K
Accounting feesLn 11c$119K$119K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$887K$730K$157K
Advertising and promotionLn 12$257K$257K
Office expensesLn 13$399K$198K$202K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$792K$738K$53K
TravelLn 17$27K$26K$881
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$14K$10K$4K
InterestLn 20$569K$569K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.3M$1.2M$164K
InsuranceLn 23$211K$210K$766
Other expenses (24a–d)Ln 24$2.8M$2.6M$203K
All other expensesLn 24e$232K$159K$73K
Total functional expensesLn 25$16.5M$13.3M$3.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22.0M$24.0M−$2.0M$6.9M 990 PDF
FY2024 $20.2M$22.0M−$1.8M$9.0M 990 PDF
FY2023 $17.1M$20.3M−$3.3M$10.6M 990 PDF
FY2022 $16.2M$17.8M−$1.6M$15.0M 990 PDF
FY2021 Viewing $16.5M$16.5M$55K$18.6M 990 PDF
FY2020 $15.6M$16.1M−$535K$16.4M 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 (4 parts)
Part VIII · Statement of revenue $16,541,345 across 10 lines filed
Lines not itemized here account for $20,497 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$77,378
VIII-1h Total contributions, gifts and grants$77,378
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,046,308$14,046,308
VIII-3 Investment incomeExcluded from tax $221,562$221,562
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $9,921$9,921
VIII-7 Net gain or loss on sales of assetsRelated to mission −$47,337 · Excluded from tax $210,624$163,287
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25,461 · Excluded from tax $1,976,931$2,002,392
VIII-12 Total revenueRelated to mission $14,044,929 · Excluded from tax $2,419,038$16,541,345
Part IX · Statement of functional expenses $16,486,163 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $232,937 · Management $42,115$275,052
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $6,115,908 · Management $1,104,289$7,220,197
IX-8 Pension plan contributionsPrograms $31,251 · Management $21,892$53,143
IX-9 Other employee benefitsPrograms $503,081 · Management $108,767$611,848
IX-10 Payroll taxesPrograms $474,724 · Management $67,917$542,641
IX-11a Management feesManagement $48,000$48,000
IX-11b Legal feesManagement $39,538$39,538
IX-11c Accounting feesManagement $118,975$118,975
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $729,771 · Management $157,324$887,095
IX-12 Advertising and promotionManagement $257,395$257,395
IX-13 Office expensesPrograms $197,510 · Management $201,898$399,408
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $738,496 · Management $53,097$791,593
IX-17 TravelPrograms $26,471 · Management $881$27,352
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $9,952 · Management $4,152$14,104
IX-20 InterestManagement $568,508$568,508
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,185,972 · Management $164,014$1,349,986
IX-23 InsurancePrograms $210,415 · Management $766$211,181
IX-24 Other expenses (24a–d)Programs $2,634,980 · Management $203,401$2,838,381
IX-24e All other expensesPrograms $158,781 · Management $72,985$231,766
IX-25 Total functional expensesPrograms $13,250,249 · Management $3,235,914 · Fundraising $0$16,486,163
Part X · Balance sheet $69,850,998 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,397,070$3,163,964
X-2 Savings and temporary cash investmentsStart of year $767,000$433,000
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $801,502$767,534
X-8 Inventories for sale or useStart of year $46,849$27,242
X-9 Prepaid expenses and deferred chargesStart of year $282,515$295,452
X-10c Land, buildings and equipment, netStart of year $20,353,488$37,119,137
X-11 Publicly traded securitiesStart of year $42,228,597$24,988,551
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $454,541$2,049,321
X-15 Other assetsStart of year $0$1,006,797
X-16 Total assetsStart of year $68,331,562$69,850,998
X-17 Accounts payable and accrued expensesStart of year $2,312,246$3,543,589
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $84,942$0
X-20 Tax-exempt bond liabilitiesStart of year $46,994,394$46,662,437
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,566,331$1,054,229
X-26 Total liabilitiesStart of year $51,957,913$51,260,255
X-27 Net assets without donor restrictionsStart of year $16,373,649$18,590,743
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $16,373,649$18,590,743
X-33 Total liabilities and net assetsStart of year $68,331,562$69,850,998
Part XI · Reconciliation of net assets $18,590,743 net assets at year end
XI-1 Total revenue$16,541,345
XI-2 Total expenses$16,486,163
XI-3 Revenue less expenses$55,182
XI-4 Net assets at start of year$16,373,649
XI-5 Net unrealized gains (losses) on investments$2,161,912
XI-10 Net assets at end of year$18,590,743

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

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