2024-11-15T14:09:11-06:00 2023-12-31 341884125 CBIZ ADVISORS LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2023-01-01 860828160 LA POSADA AT PARK CENTRE INC LAPO 5206487901 350 E MORNINGSIDE ROAD GREEN VALLEY AZ 85614 CHRISTOPHER SIMON VP/CFO 5206487901 2024-11-15 1 1 AMY A O'LOUGHLIN P00869687 6022646835 2024-11-14 2023 2024-10-15 13:58:12Z JONI CONDIT 350 E MORNINGSIDE ROAD GREEN VALLEY AZ 85614 63786135 0 X LAPOSADACOMMUNITIES.ORG X 1996 AZ LA POSADA MAXIMIZES THE HEALTH AND WELL-BEING OF SENIORS. 9 8 715 373 422360 152957 2768056 2034269 43240582 45602841 2570084 2425842 1007774 1128440 49586496 51191392 25353588 94749 0 0 25185698 27587255 0 0 74895 20503351 22086228 71042637 49768232 -21456141 1423160 365192303 389541458 323443639 338165298 41748664 51376160 X HOUSING AND HEALTHCARE FOR SENIORS. LA POSADA MAXIMIZES THE HEALTH AND WELL-BEING OF SENIORS. 0 0 15205993 30777502 LA POSADA PROVIDED INDEPENDENT APARTMENT AND GARDEN HOME HOUSING WITH NURSING, WELLNESS CLINICS, HOUSEKEEPING AND LAUNDRY SERVICES, MAINTENANCE SERVICES, TRANSPORTATION, SPECIAL FUNCTIONS, AND ACTIVITIES TO 748 RESIDENTS, WHOSE AVERAGE AGE WAS 86. 9149649 10638301 LA POSADA PROVIDED ASSISTED LIVING SUITES TO 274 INDIVIDUALS TO OFFER ADDITIONAL HEALTH CARE AND ASSISTANCE WITH DAILY ACTIVITIES. INCLUDED IS 46 PEOPLE IN A DEDICATED MEMORY CARE FACILITY, 107 IN HIGH ACUITY FACILITY, AND 121 IN A SOCIAL CARE FACILITY. LA POSADA PROVIDES CHARITY CARE TO RESIDENTS WHO CAN NO LONGER 1528000 94749 1026440 HOME AND COMMUNITY BASED, THE ORGANIZATION PROVIDED 4,930 PERSON DAYS OF ADULT DAY CARE ON SITE FOR MENTALLY FRAIL ELDERLY; PROVIDED 4,373 NO CHARGE SENIOR LUNCHES ON SITE AND PROVIDED 11,571 DAYS OF CHILD CARE ON SITE. LA POSADA OFFERS THE COMMUNITY CONNECT APPLICATION FOR THE SMART PHONE WHCIH HAD 6,400 USERS CONNECTING PEOPLE TO AVAILABLE SERVICES IN GREEN VALLEY. THESE SERVICES ARE SUBSIDIZED BY GRANTS AND DONATIONS FROM LA POSADA RESIDENTS AND THE COMMUNITY OF GREEN VALLEY. 4524651 3164282 OTHER PROGRAMS 4524651 3164282 30408293 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 117 0 1 715 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X STACEY WAFFENSMITH 5206487901 350 E MORNINGSIDE GREEN VALLEY AZ 85614 JONI CONDIT PRESIDENT/CEO 50.00 1.00 X X 385386 0 57886 SIMON DAVIS CHAIR 2.50 2.00 X X 0 0 0 RICHARD DUCOTE CHAIR ELECT 2.50 2.00 X X 0 0 0 JOHN STEPHENS BOARD TRUSTEE (START 11/23) 2.50 1.00 X 0 0 0 DUANE BLUMBERG PHD BOARD TRUSTEE 2.50 1.00 X 0 0 0 NANCY PUCKETT BOARD TRUSTEE 2.50 1.00 X 0 0 0 PATTY SMALLSREED BOARD TRUSTEE 2.50 1.00 X 0 0 0 WILL BENNETT BOARD TRUSTEE (LEFT 2/23) 2.50 1.00 X 0 0 0 VIC FRESOLONE BOARD TRUSTEE (LEFT 10/23) 2.50 1.00 X 0 0 0 PAUL S IDE SR VP/CFO/CIO 50.00 1.00 X 350275 0 59156 ELIZABETH ERNST SRVP/COO 50.00 1.00 X 207167 0 13953 PAUL LOOMANS VP MARKETING 40.00 X 184567 0 35054 JOHN COUTURE SRVP/CHIEF OPERATING OFFIC 40.00 X 45000 0 0 CHRISTOPHER SIMON SRVP/CFO 50.00 1.00 X 21817 0 1990 ALEXIS MARTINEZ DIRECTOR PUSCH RIDGE/RIS 40.00 X 114429 0 11199 STEVE KOLNACKI EXEC DIR OPERATIONS 50.00 X 171567 0 38544 GERALD WEYGINT DIR INFO TECHNOLOGY 40.00 X 149754 0 26679 DAVID CURL DIR FACILITIES 40.00 X 131916 0 24919 CHRISTY SOMNER DIRECTOR CARE MANAGEMENT 40.00 X 128184 0 13900 LISA ISRAEL PRESIDENT EMERITUS 2.50 X 60000 0 40432 1950062 0 323712 13 1 1 0 GENSLER 2575 E CAMELBACK RD SUITE 175 PHOENIX AZ 85016 ARCHITECTURE FEES 848073 AMANDA WOOD 422 N SAWTELLE AVE TUCSON AZ 85716 INTERIOR DESIGN AND FURNITURE 341150 UKG DBA THE ULTIMATE SOFTWARE 2000 ULTIMATE WAY WESTON FL 33326 IT CONSULTING 287772 PRESTIGE HEALTH 3120 N 19TH AVE PHOENIX AZ 85015 MEDICAL STAFFING 280633 LOVE & COMPANY INC 7490 NEW TECHNOLOGY WAY FREDERICK MD 21703 MARKETING CONSULTANT 227824 9 2034269 3093 2034269 MONTHLY SVS FEE 623000 29001630 29001630 HIGH NEEDS & ASST LIVI 623000 10469398 10469398 EARNED ENT FEES 623000 3786309 3786309 HOME & COMMUNITY 623000 1469744 1469744 O/P REHABILITATION 623000 634195 634195 241565 241565 45602841 2076496 2076496 11836586 1107503 11710345 884398 126241 223105 349346 349346 JAVA SHOPPE 722515 422360 422360 MEDICAL BLDG REV 531120 13971 13971 CATERING 722320 3684 3684 688425 688425 1128440 51191392 45606525 422360 3128238 18133 18133 76616 76616 1487879 893973 591599 2307 20996699 12643794 8320548 32357 495871 291908 203150 813 2898055 1682947 1210191 4917 1708751 1028976 677142 2633 13504 13504 209733 209733 170396 170396 1056591 526121 530470 640632 36077 604555 1669943 642389 1027554 2059417 1015489 1023882 20046 1833155 1631832 201323 384928 191672 193256 3151603 1569316 1582287 500982 249460 251522 7536584 6215057 1321527 1270756 632763 637993 EQUIP REPAIRS & MAINT 854809 425645 429164 RESIDENTS EXPENSES 453746 453746 TELEPHONE 169797 84549 85248 ANNUITY PAYMENTS 97830 97830 11822 11822 49768232 30408293 19285044 74895 8699857 10568407 207183192 137953128 399046 237905 768053 1184253 42039 319127 639716 899757 282980612 87293718 108856526 195686894 29980423 33958115 1128547 887947 565064 542564 6929840 7303361 365192303 389541458 8064833 21435457 97430801 99122958 210011483 209583327 7936522 8023556 323443639 338165298 X 33253289 41978852 8495375 9397308 41748664 51376160 365192303 389541458 X 1423160 7587204 617132 X 0 1 X 1 0 X 2233347 1126352 1567306 2768056 2034269 9729330 38956404 40247170 41465248 43265178 45606525 209540525 41189751 41373522 43032554 46033234 47640794 219269855 12325 11000 22937 7460 2305 56027 1284170 1748018 1333491 793921 298068 5457668 1296495 1759018 1356428 801381 300373 5513695 213756160 1487808 1330597 1108870 919950 2076496 6923721 1487808 1330597 1108870 919950 2076496 6923721 44959 152957 197916 721029 591373 574439 659809 702396 3249046 43398588 43295492 44715863 47657952 50572643 229640538 0.93080 0.92910 0.03020 0.02890 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 721,029. 2020 AMOUNT: $ 591,373. 2021 AMOUNT: $ 574,439. 2022 AMOUNT: $ 659,809. 2023 AMOUNT: $ 702,396. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5576 5576 0 PART II-B, LINE 1: PART OF THE DUES PAID BY THE ORGANIZATION TO THE STATE ASSOCIATION ARE TO FUND A LOBBYIST WHO SUPPORTS CAUSES OF THE ELDERLY IN THE LEGISLATURE. 5620000 11000 -658000 4973000 5399000 34000 559000 372000 5620000 5010000 106000 540000 257000 5399000 4114000 514000 548000 166000 5010000 1 10444697 10444697 98640626 59302307 39338319 44207560 19969658 24237902 11302392 7011203 4291189 118385337 1010550 117374787 195686894 RESERVATION DEPOSITS 6139481 ANNUITIES RESERVE 1756246 RIGHT OF USE LIABILITIES 127829 8023556 X PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: UNCOMPENSATED CARE, SCHOLARSHIPS, OPERATIONS, FITNESS PAVILION OPERATIONS, PUTTING GREEN MAINTENANCE, ETC. THE ENDOWMENT HAS BEEN TRANSFERRED TO LA POSADA FOUNDATION. PART X, LINE 2: LA POSADA IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. IN ADDITION, LA POSADA QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 OF THE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME WOULD BE TAXABLE. NAKOMA SKY LLC IS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES, AND ACCORDINGLY, ALL INCOME AND EXPENSES ARE PASSED THROUGH TO LA POSADA. THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. AT DECEMBER 31, 2023, MANAGEMENT BELIEVES IT DID NOT HAVE ANY UNCERTAIN TAX POSITIONS. LA POSADA'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2020, 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 SCHOLARSHIP ASSISTANCE 24 21224 INDIGENT CARE 2 55392 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE FOLLOWS THE GUIDELINES ESTABLISHED BY THE ORGANIZATION TO AWARD AND MONITOR SCHOLARSHIPS GIVEN TO EMPLOYEES. TUITION PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL. THE ORGANIZATION REIMBURSES FOR THE COST OF TEXTBOOKS BASED ON SUBMITTED RECEIPTS. IN ADDITION, THE ORGANIZATION AUDITS THE APPROPRIATENESS OF THE TEXTBOOK TO CLASS BY COMPARISON TO PUBLISHED COURSE REQUIREMENTS. COMMUNITY SERVICE GIFTS ARE BASED ON NEEDS IDENTIFIED BY THE ORGANIZATION IN THE LOCAL COMMUNITY. ONCE GRANTS ARE PAID NO FURTHER MONITORING IS CONSIDERED NECESSARY. X X X X 0 1 0 0 0 0 0 1 0 JONI CONDIT PRESIDENT/CEO 346674 0 38712 0 0 0 31384 0 26502 0 443272 0 0 0 PAUL S IDE SR VP/CFO/CIO 303434 0 46841 0 0 0 31345 0 27811 0 409431 0 0 0 ELIZABETH ERNST SRVP/COO 197092 0 10075 0 0 0 1471 0 12482 0 221120 0 0 0 PAUL LOOMANS VP MARKETING 166463 0 18104 0 0 0 5703 0 29351 0 219621 0 0 0 STEVE KOLNACKI EXEC DIR OPERATIONS 171567 0 0 0 0 0 6383 0 32161 0 210111 0 0 0 GERALD WEYGINT DIR INFO TECHNOLOGY 149679 0 75 0 0 0 5483 0 21196 0 176433 0 0 0 DAVID CURL DIR FACILITIES 131841 0 75 0 0 0 4607 0 20312 0 156835 0 0 0 LISA ISRAEL PRESIDENT EMERITUS 60000 0 0 0 0 0 22500 0 17932 0 100432 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS ESTABLISHED AN UNFUNDED 457(B) DEFERRED COMPENSATION PLAN FOR THE ORGANIZATION'S SENIOR MANAGEMENT, WHICH IS BASED ON YEARS OF SERVICE AND A PROJECTED RETIREMENT DATE. BENEFITS ARE PAYABLE UPON TERMS AS STATED IN EACH INDIVIDUAL'S EMPLOYMENT CONTRACT. JONI CONDIT, SRVP & COO: $ 22,500 PAUL IDE, SRVP & CFO & CIO $ 22,500 PART I, LINE 7 THE ORGANIZATION PROVIDES NON-FIXED PAYMENTS TO EMPLOYEES BASED ON MEETING ORGANIZATIONAL GOALS. THE CEO'S BONUS IS APPROVED BY THE BOARD OF DIRECTORS. OTHER BONUS PAYMENTS ARE AT THE DISCRETION OF THE CEO. A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA SLRB SERIES A 860445981 72178AAJ1 2022-10-10 214770000 CONSTRUCTION OF LA POSADA AT PUSCH RIDGE RETIREMENT FACILITY 0 0 0 A 214904469 14935525 134469 4298089 105482180 90188675 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATION'S CEO AND CFO. A PUBLIC DISCLOSURE COPY OF THE RETURN IS THEN UPLOADED TO THE BOARD INTERNET PORTAL FOR REVIEW BY THE BOARD TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST COMPLIANCE REPORT IS COMPLETED ANNUALLY BY THE OFFICERS AND TRUSTEES. THE POLICY ADDRESSES CONTRACTS, TRANSACTIONS, AND FINANCIAL INTERESTS BETWEEN THE ORGANIZATION AND ITS BOARD AND OFFICERS. IF IT IS DETERMINED THAT THERE IS A CONFLICT, THE TRUSTEE ABSENTS THEMSELVES FROM THE DECISION-MAKING PROCESS. THERE IS A COMPLIANCE COMMITTEE CHAIRED BY THE PRESIDENT/CEO, THAT MEETS QUARTERLY TO REVIEW COMPLIANCE ISSUES INCLUDING CONFLICTS OF INTEREST AND ISSUES MINUTES. THERE IS ALSO A COMPLIANCE TELEPHONE HOT LINE, WHICH ALLOWS FOR ANONYMITY, THAT IS CHECKED AT LEAST WEEKLY FOR CALLS. DURING EACH ANNUAL PERFORMANCE REVIEW, A CODE OF CONDUCT AND COMPLIANCE GUIDELINE FORM IS DISCUSSED, REVIEWED AND SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS EVALUATED ANNUALLY. THE LA POSADA BOARD OF TRUSTEES PERIODICALLY ENGAGES AN OUTSIDE COMPENSATION CONSULTANT, BUT MORE OFTEN USES DATA COLLECTED FROM INDUSTRY SURVEYS ON CEO PAY, BENEFITS AND AVERAGE ANNUAL INCREASES OTHERS ARE PROVIDING. WHEN AVAILABLE, THE BOARD HAS ANNUALLY UTILIZED THE INDUSTRY CEMO MARKET DATA. A LARSON ALLEN CONSULTANT WAS ENGAGED AT ONE POINT TO PROVIDE ADVICE ON SETTING THE COMPENSATION LEVELS OF OTHER EXECUTIVES AS A PERCENTAGE OF THE CEO. THIS IS THE RESPONSIBILITY OF THE CEO; HOWEVER, THE BOARD IS PERIODICALLY ADVISED OF THE RATES OF OTHERS. THE CEO UTILIZES MARKET DATA PROVIDED BY THE NATIONAL ASSOCIATION LEADINGAGE SURVEY AS WELL AS ANY OTHER SURVEYS BEING DONE BY GROUPS OF CCRCS ON THEIR OWN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BY-LAWS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CURRENT FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE IN THE ORGANIZATION'S LIBRARY. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 250,518. BENEFICIAL INTEREST IN THE LA POSADA FOUNDATION 366,614. LA POSADA AT PUSCH RIDGE FKA NAKOMA SKY LLC 350 E MORNINGSIDE GREEN VALLEY AZ 85614 464811918 HOUSING & HEALTHCARE FOR SENIORS AZ N/A LA POSADA COMMUNITIES FKA POSADA LIFE 350 E MORNINGSIDE ROAD GREEN VALLEY AZ 85614 813665904 SUPPORT - HOUSING & HEALTHCARE FOR SENIORS AZ 501(C)(3) LINE 12C, III-FI 0 LA POSADA FOUNDATION 350 E MORNINGSIDE ROAD GREEN VALLEY AZ 85614 320680959 SUPPORT FOR LA POSADA AT PARK CENTRE INC. AZ 501(C)(3) LINE 7 0 POSADA LIFE HOLDINGS INC 350 E MORNINGSIDE ROAD GREEN VALLEY AZ 85614 880886572 TITLE HOLDING AZ 501(C)(2) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0