The Glen Retirement System FY2023 filing

Tax-deductible

Shreveport, LA501(c)(3)Since 1898Human ServicesEIN 72-0428013Revenue $17.1M in FY2023

On file with the IRStheglensystem.org403 E Flournoy Lucas Rd, 71115-3906 · Shreveport, LATax-exempt since Mar 1935Publicly supported charity — 170(b)(1)(A)(vi)

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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.
87¢ of each $1 spent went to programs.
$541K 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

FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$541K
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
1 mo
of spending, in cash
Fine: 1.2 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
$48.0M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.1M
+5% vs prior year
Spent
$20.3M
To programs
87%
Net assets
$10.6M
By yearFY2020–FY2025
Revenue
$17.1M
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.6M
FY2021$16.5M
FY2022$16.2M
FY2023$17.1M
FY2024$20.2M
FY2025$22.0M
Expenses
$20.3M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.1M
FY2021$16.5M
FY2022$17.8M
FY2023$20.3M
FY2024$22.0M
FY2025$24.0M
Net assets
$10.6M
FY2023▼ -29%
Tap a bar for its year
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 FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Mar 1935.

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% · $17.6M Management & general 13% · $2.7M

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

17 people listed on the 990; $541K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$166,217Pt VII · Sec A
Administrator
$130,700Pt VII · Sec A
Chief Financial Officer
$124,252Pt VII · Sec A
Director of Nursing
$119,707Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
2nd Vice Chair
$0Pt VII · Sec A
Secretary
$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$70,256————

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.

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Provided by the organization

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3 programs · $14.3M · in their own filed words · FY2022
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 65% with a payor mix of 45% private pay, 41% medicaid and 14% medicare providing 28,485 patient days in fiscal year ending 4/30/23.

$9.1Mprogram expense
02

Independent living / assisted living rental units for those 62 or older to live comfortably with the option to add services as care level changes. 100 apartments with an average occupancy of 79% providing 29,050 days of care in fiscal year ending 4/30/23.

$3.1Mprogram expense
03

Memory care assisted living in two secured buildings with a home like environment and activities geared for those over 62 with memory loss. 30 apartments with an average occupancy of 97% providing 10,423 days of care in fiscal year ending 4/30/23.

$2.2Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$17.1M
Ln 12
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$188K
Money outPt IX
$20.3M
Ln 25
Programscol B$17.6M
Managementcol C$2.7M
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$58.6M
LiabilitiesLn 26$48.0M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Government grantsLn 1e$54K
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$188K
Gains on assetsLn 7$1.1M
Total revenueLn 12$17.1M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$145K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$8.5M
Land, buildings, equipmentLn 10c$45.9M
Other assetsLn 15$974K
Total assetsLn 16$58.6M
LiabilitiesLn 26$48.0M
Net assetsLn 32$10.6M
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 FY23End FY23
Cash and savingsLn 1–2$1.6M$2.0M
InvestmentsLn 11–13$12.1M$8.5M
Land, buildings, equipmentLn 10c$47.9M$45.9M
Total assetsLn 16$63.6M$58.6M
LiabilitiesLn 26$48.6M$48.0M
Net assetsLn 32$15.0M$10.6M
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$297K$252K$45K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$7.5M$6.4M$1.1M
Pension plan contributionsLn 8$45K$28K$17K
Other employee benefitsLn 9$614K$511K$103K
Payroll taxesLn 10$580K$494K$86K
Management feesLn 11a$24K$24K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$170K$170K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.2M$770K$394K
Advertising and promotionLn 12$164K$88K$76K
Office expensesLn 13$331K$184K$147K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.2M$1.2M$51K
TravelLn 17$27K$25K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$45K$19K$26K
InterestLn 20$2.3M$2.3M$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2.4M$2.3M$99K
InsuranceLn 23$267K$249K$17K
Other expenses (24a–d)Ln 24$2.9M$2.7M$212K
All other expensesLn 24e$274K$166K$108K
Total functional expensesLn 25$20.3M$17.6M$2.7M$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 Viewing $17.1M$20.3M−$3.3M$10.6M 990 PDF
FY2022 $16.2M$17.8M−$1.6M$15.0M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $17,051,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,602$176,137
I-9 Program service revenuePrior year $13,843,843$15,410,246
I-10 Investment incomePrior year $1,923,515$1,276,952
I-11 Other revenuePrior year $336,502$188,403
I-12 Total revenuePrior year $16,204,462$17,051,738
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 $8,910,456$9,045,537
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,898,775$11,287,161
I-18 Total expensesPrior year $17,809,231$20,332,698
I-19 Revenue less expensesPrior year −$1,604,769−$3,280,960
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,051,738 across 11 lines filed
Lines not itemized here account for $632 of total revenue; see the IRS return.
VIII-1e Government grants$53,840
VIII-1f All other contributions, gifts and grants$122,297
VIII-1h Total contributions, gifts and grants$176,137
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,410,246$15,410,246
VIII-3 Investment incomeExcluded from tax $212,777$212,777
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $135,104$135,104
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,500 · Excluded from tax $1,060,675$1,064,175
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $52,667$52,667
VIII-12 Total revenueRelated to mission $15,467,045 · Unrelated business $0 · Excluded from tax $1,408,556$17,051,738
Part IX · Statement of functional expenses $20,332,698 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 $252,169 · Management $45,266$297,435
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $6,368,782 · Management $1,139,911$7,508,693
IX-8 Pension plan contributionsPrograms $28,400 · Management $16,984$45,384
IX-9 Other employee benefitsPrograms $510,710 · Management $103,032$613,742
IX-10 Payroll taxesPrograms $494,493 · Management $85,790$580,283
IX-11a Management feesManagement $24,000$24,000
IX-11b Legal feesManagement $10,037$10,037
IX-11c Accounting feesManagement $169,818$169,818
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $769,992 · Management $393,880$1,163,872
IX-12 Advertising and promotionPrograms $88,153 · Management $76,079$164,232
IX-13 Office expensesPrograms $184,395 · Management $146,849$331,244
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,156,320 · Management $50,755$1,207,075
IX-17 TravelPrograms $25,360 · Management $1,629$26,989
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $19,302 · Management $26,103$45,405
IX-20 InterestPrograms $2,314,726 · Management $1,119$2,315,845
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,321,450 · Management $98,744$2,420,194
IX-23 InsurancePrograms $249,324 · Management $17,386$266,710
IX-24 Other expenses (24a–d)Programs $2,656,076 · Management $211,501$2,867,577
IX-24e All other expensesPrograms $166,351 · Management $107,812$274,163
IX-25 Total functional expensesPrograms $17,606,003 · Management $2,726,695 · Fundraising $0$20,332,698
Part X · Balance sheet $58,579,370 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $970,499$1,894,829
X-2 Savings and temporary cash investmentsStart of year $582,000$145,000
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $690,706$860,784
X-8 Inventories for sale or useStart of year $31,346$27,559
X-9 Prepaid expenses and deferred chargesStart of year $311,399$257,823
X-10c Land, buildings and equipment, netStart of year $47,889,975$45,883,299
X-11 Publicly traded securitiesStart of year $12,124,108$8,536,183
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,032,731$973,893
X-16 Total assetsStart of year $63,632,764$58,579,370
X-17 Accounts payable and accrued expensesStart of year $1,678,648$1,643,596
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $46,134,535$45,575,596
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $827,078$763,258
X-26 Total liabilitiesStart of year $48,640,261$47,982,450
X-27 Net assets without donor restrictionsStart of year $14,992,503$10,596,920
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $14,992,503$10,596,920
X-33 Total liabilities and net assetsStart of year $63,632,764$58,579,370
Part XI · Reconciliation of net assets $10,596,920 net assets at year end
XI-1 Total revenue$17,051,738
XI-2 Total expenses$20,332,698
XI-3 Revenue less expenses−$3,280,960
XI-4 Net assets at start of year$14,992,503
XI-5 Net unrealized gains (losses) on investments−$1,114,623
XI-10 Net assets at end of year$10,596,920

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

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