Civic Intelligence

Centerstone of Indiana Inc

EIN 35-1147323 • 501(c)3 • Bloomington, IN

Profile

Our mission is "delivering care that changes people's lives"

645 S Rogers StreetBloomington, IN 47403

www.centerstone.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.49x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.24x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

23rd percentile

-3.3%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$329,919

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

20th percentile

-0.9%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Down

$52,721,559

Down $502,368 (-0.9%) from 2024

Liabilities

Up

$25,670,510

Up $3,016,749 (+13%) from 2024

Net Assets

Down

$27,051,049

Down $3,519,117 (-12%) from 2024

Revenue

Up

$107,622,845

Up $15,170,063 (+16%) from 2024

Expenses

Up

$111,141,962

Up $12,889,598 (+13%) from 2024

Net Income

Up

-$3,519,117

Up $2,280,465 (+39%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $36,239,463Liabilities 2010: $14,730,990Net Assets 2010: $21,508,4732010Assets 2011: $35,115,765Liabilities 2011: $12,486,005Net Assets 2011: $22,629,7602011Assets 2012: $35,128,408Liabilities 2012: $11,584,799Net Assets 2012: $23,543,6092012Assets 2013: $35,048,829Liabilities 2013: $10,645,308Net Assets 2013: $24,403,5212013Assets 2014: $35,776,367Liabilities 2014: $9,605,757Net Assets 2014: $26,170,6102014Assets 2015: $38,950,579Liabilities 2015: $10,111,200Net Assets 2015: $28,839,3792015Assets 2016: $43,759,274Liabilities 2016: $16,240,080Net Assets 2016: $27,519,1942016Assets 2017: $42,656,541Liabilities 2017: $13,618,426Net Assets 2017: $29,038,1152017Assets 2018: $39,803,016Liabilities 2018: $12,320,366Net Assets 2018: $27,482,6502018Assets 2019: $52,454,909Liabilities 2019: $25,719,717Net Assets 2019: $26,735,1922019Assets 2020: $60,879,966Liabilities 2020: $31,268,708Net Assets 2020: $29,611,2582020Assets 2021: $60,928,698Liabilities 2021: $24,832,842Net Assets 2021: $36,095,8562021Assets 2022: $65,728,087Liabilities 2022: $25,858,583Net Assets 2022: $39,869,5042022Assets 2023: $60,124,164Liabilities 2023: $23,754,416Net Assets 2023: $36,369,7482023Assets 2024: $53,223,927Liabilities 2024: $22,653,761Net Assets 2024: $30,570,1662024Assets 2025: $52,721,559Liabilities 2025: $25,670,510Net Assets 2025: $27,051,0492025

Highlighted filing

2025

Assets$52,721,559
Liabilities$25,670,510
Net Assets$27,051,049

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $45,365,4272010Expenses 2011: $51,129,9742011Expenses 2012: $52,102,4952012Expenses 2013: $49,756,2702013Revenue 2014: $52,064,588Expenses 2014: $50,332,457Net Income 2014: $1,732,1312014Revenue 2015: $55,228,320Expenses 2015: $52,593,854Net Income 2015: $2,634,4662015Revenue 2016: $55,459,785Expenses 2016: $56,803,100Net Income 2016: -$1,343,3152016Revenue 2017: $63,332,257Expenses 2017: $61,815,806Net Income 2017: $1,516,4512017Revenue 2018: $69,354,233Expenses 2018: $70,913,005Net Income 2018: -$1,558,7722018Revenue 2019: $79,378,495Expenses 2019: $80,128,483Net Income 2019: -$749,9882019Revenue 2020: $81,944,038Expenses 2020: $79,071,561Net Income 2020: $2,872,4772020Revenue 2021: $86,837,734Expenses 2021: $80,360,758Net Income 2021: $6,476,9762021Revenue 2022: $87,031,288Expenses 2022: $83,257,640Net Income 2022: $3,773,6482022Revenue 2023: $89,704,767Expenses 2023: $93,204,523Net Income 2023: -$3,499,7562023Revenue 2024: $92,452,782Expenses 2024: $98,252,364Net Income 2024: -$5,799,5822024Revenue 2025: $107,622,845Expenses 2025: $111,141,962Net Income 2025: -$3,519,1172025

Highlighted filing

2025

Revenue$107,622,845
Expenses$111,141,962
Net Income-$3,519,117

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$52.7$25.7$27.1$108$111$3.52
2024Detailed filing. Detailed filing data is available for this year.$53.2$22.7$30.6$92.5$98.3$5.80
2023Detailed filing. Detailed filing data is available for this year.$60.1$23.8$36.4$89.7$93.2$3.50
2022Detailed filing. Detailed filing data is available for this year.$65.7$25.9$39.9$87.0$83.3$3.77
2021Detailed filing. Detailed filing data is available for this year.$60.9$24.8$36.1$86.8$80.4$6.48
2020Detailed filing. Detailed filing data is available for this year.$60.9$31.3$29.6$81.9$79.1$2.87
2019Detailed filing. Detailed filing data is available for this year.$52.5$25.7$26.7$79.4$80.1$0.75
2018Detailed filing. Detailed filing data is available for this year.$39.8$12.3$27.5$69.4$70.9$1.56
2017Detailed filing. Detailed filing data is available for this year.$42.7$13.6$29.0$63.3$61.8$1.52
2016Detailed filing. Detailed filing data is available for this year.$43.8$16.2$27.5$55.5$56.8$1.34
2015Detailed filing. Detailed filing data is available for this year.$39.0$10.1$28.8$55.2$52.6$2.63
2014Detailed filing. Detailed filing data is available for this year.$35.8$9.61$26.2$52.1$50.3$1.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$10.6$24.4$49.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$11.6$23.5$52.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$12.5$22.6$51.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.2$14.7$21.5$45.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 19, 2025
Return Version
2024v5.2
Gross Receipts
$109,692,062
Mission and Program Overview

Mission

Our mission is "delivering care that changes people's lives"

Centerstone of indiana provides an array of mental health treatment, substance use disorder treatment, integrated primary care, therapeutic foster care and supportive services to more than 20,000 people of all ages across southern and central indiana each year. Centerstone has been recognized by the state of indiana for its innovative services in addictions care and re-entry services. We are accredited by carf international and have received health home status. Centerstone of indiana's subsidiaries include the centerstone foundation, inc., centerstone supportive housing, llc and independent living. Centerstone accepts most insurance and private pay for services and can offer care through additional contracts and grants from federal, state and local government, as well as philanthropic donations from foundations, corporations and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,209,858$23,075,592▼ $134,266
Accounts Receivable$6,783,562$10,581,054▲ $3,797,492
Savings and Temporary Cash Investments$12,021,067$6,103,212▼ $5,917,855
Other Notes and Loans Receivable, Net$25,717$855,085▲ $829,368
Prepaid Expenses and Deferred Charges$628,363$635,662▲ $7,299
Pledges and Grants Receivable$312,356$412,422▲ $100,066
Investments Other Securities$10,000$10,000→ $0
Cash and Non-Interest-Bearing Accounts$2,894$2,890▼ $4
Total Assets$53,223,927$52,721,559▼ $502,368
Other Assets Total$10,230,110$11,045,642▲ $815,532
Liabilities
Accounts Payable and Accrued Expenses$12,946,088$16,306,630▲ $3,360,542
Mortgage Notes Payable Secured by Investment Property$6,216,823$3,885,662▼ $2,331,161
Other Liabilities$2,818,544$3,147,057▲ $328,513
Tax Exempt Bond Liabilities$672,306$2,331,161▲ $1,658,855
Total Liabilities$22,653,761$25,670,510▲ $3,016,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,570,166$27,051,049▼ $3,519,117
Total Net Assets Fund Balance$30,570,166$27,051,049▼ $3,519,117
Total Liabilities and Net Assets / Fund Balance$53,223,927$52,721,559▼ $502,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,621,496$21,519,004$39,140,500
Equipment$2,687,406$1,713,508$4,400,914
Land$2,766,690-$2,766,690
Other Assets Org$2,069,326--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne LeachPsychiatristFT$277,105$52,814$329,919
Mark JonesPsychiatristFT$272,520$53,188$325,708
Paul TaraskaPsychiatristFT$311,932-$311,932
Nishanie GunawardaneAsst. Medical DirectorFT$273,707$18,300$292,007
Lia KettenisPsychiatristFT$237,046$33,900$270,946

Board Members and Trustees

NameTitle
Sharon HarlinChair
Geoff MckimImmediate Past Chair
Terrye DavidsonVice Chair
Ashley StevensDirector
Bridget EastwoodDirector
Douglas LeonardDirector
Dr Bob WilliamsDirector
J Reneae StaleyDirector
Jennifer HorningDirector
Justin DanielsDirector
Laurie DickersonDirector
Nathan NikirkDirector
Rhonda FriendDirector
Tony LondonDirector
Travis ShepherdDirector
Suzanne KoeselCEO
Robert BackmeyerChief Operating Officer
Brit VincentRegional Finance Officer
Laura Weinland YoungSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
S 23rd Street Apartments LLCProperty Management5855 E NAPLES DRIVE STE 311, Long Beach, CA 90803$116,380
-Construction Services2036 SALISBURY RD S, Richmond, IN 47374$100,474
Revenue and Support

Revenue Composition

Contributions and Grants
$27,726,295
Program Service Revenue
$70,026,581
Investment Income
$220,680
Other Revenue
$9,649,289
All Other Contributions
$499,083
Change in Net Assets
$-3,519,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,044,987
Revenue Not Reported on Financial Statements
$577,858
Revenue Not Reported on Form 990
$3,048,191
Other Revenue Adjustments
$577,858
Total Revenue per Audited Statements
$110,093,178
Total Revenue per Form 990
$107,622,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$79,994,605
Other Expenses$31,147,357
Total Fundraising Expense$464,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$64,513,169$1,482,994-$65,996,163
Fees for Services Management-$15,544,527$464,054$16,008,581
Other Employee Benefits$8,106,075$134,172-$8,240,247
Payroll Taxes$4,649,718$104,671-$4,754,389
Occupancy$3,595,551$26,034-$3,621,585
Fees for Services Other$2,520,104--$2,520,104
Travel$1,421,897$37,298-$1,459,195
Depreciation Depletion$1,447,437$3,230-$1,450,667
Insurance$1,351,764$5,755-$1,357,519
Information Technology$1,136,297$12,954-$1,149,251
Pension Plan Contributions$962,322$41,484-$1,003,806
Office Expenses$615,886$8,604-$624,490
Conferences and Meetings$414,632$5,637-$420,269
Interest$291,005$3,956-$294,961
Payment Travel Entrtnmnt Publicly Ofcl$224,858$2,520-$227,378
Advertising$180,355$4,250-$184,605
Other Expenses$73,551$1,489-$73,551
Total Functional Expenses$93,243,478$17,434,430$464,054$111,141,962

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$113,612,295
Total Expenses per Form 990$111,141,962
Expenses per Audited Statements$110,564,104
Expenses Not Reported on Form 990$3,048,191
Expenses Not Reported on Financial Statements$577,858
Other Expense Adjustments$577,858
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Third Party Settlements$1,859,367
Long Term Operating Lease Liability$1,287,690

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Development Finance Authority Variable Rate Demand Economic Devel2002-12-01$4,000,000CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,000,000-$1,854,676-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole stockholder of the organization is centerstone of america, inc. An indiana nonprofit corporation.

Form 990, Part VI, Section A, Line 7A

The sole stockholder shall be entitled to appoint at least one board director as specified in the bylaws of the organization.

Form 990, Part VI, Section A, Line 7B

The following decisions are to be ratified by the sole stockholder prior to action: formation or acquisition of legal entities by the corporation; amendment of the articles of incorporation or bylaws of the corporation; approval, acceptance, amendment or termination of contracts of the corporation to provide services outside the historical lines of business or services engaged in by the corporation; and adoption and amendment of the statement of the mission of the corporation.

Form 990, Part VI, Section B, Line 11B

The process of reviewing the form 990 entails a detailed review of the form 990 by the organization's chief executive officer, chief financial officer, corporate controller, and the board of centerstone of america. The form 990 including requested schedules, as ultimately filed with the irs, are provided electronically to each voting member of the organization's governing body prior to filing.

Form 990, Part VI, Section B, Line 12C

The board has adopted a written conflict of interest policy. On an annual basis board members complete a board expectations letter in which the members affirm that they are aware of the conflict of interest policy and that they have reported any potential conflicts of interest. Further, the board has adopted a policy which requires board members to complete a conflict of interest acknowledgement and disclosure form on an annual basis. In addition, the chair inquires at the beginning of each meeting if board members have any new or potential conflicts of interest that have arisen since the previous board meeting necessitating disclosure. For employees. The company's code of conduct contains a written conflict of interest policy. Employees are required to certify on an annual basis that they have read and will abide by the conflict of interest policy. Further, senior executives of the company are required to complete a conflict of interest acknowledgement and disclosre form on an annual basis.

Form 990, Part VI, Section B, Line 15

In 2021 centerstone of america contracted with a third party consultant to conduct an assessment of the behavioral health marketplace ceo compensation and provide recommendations to the organization's board of directors in forming a compensation package for the ceo of centerstone of america, inc. As a result, the compensation package of centerstone of america's ceo was updated in 2022 to reflect the current market rates. The ceo's compensation package is reviewed by the board of directors on an annual basis. Compensation for the ceos of the centerstone affiliated organizations is determined by the ceo of centerstone of america utilizing compensation surveys available from the industry's two major associations, and is subject to review by the centerstone of america board on an annual basis. Executive compensation packages were reviewed and adjusted to market as needed during the 2024 tax year.

Form 990, Part VI, Section C, Line 19

The governing documents and conflict of interest policy are available for public inspection upon request. The financial statements however are not available for public inspection.

Filing and Contact Details

Filer

Filer Name
Centerstone of Indiana Inc
EIN
35-1147323
Phone
6154636610
Address
645 S ROGERS STREET, BLOOMINGTON, IN 47403

Signing Officer

Name
Julie Spears
Title
Interim CFO
Phone
6154636610
Signed
2025-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Koesel
Formed
1967
Legal Domicile
In
Voting Board Members
17
Independent Board Members
16
Employees
1,590
Volunteers
17

Preparer

Firm
Lbmc Pc
Address
PO BOX 1869, BRENTWOOD, TN 37024-1869
Preparer
Abigail Campbell
Phone
6153774600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Centerstone of indiana provides an array of mental health treatment, substance use disorder treatment, integrated primary care, therapeutic foster care and supportive services to more than 20,000 people of all ages across southern and central indiana each year. Centerstone has been recognized by the state of indiana for its innovative services in addictions care and re-entry services. We are accredited by carf international and have received health home status. Centerstone of indiana's subsidiaries include the centerstone foundation, inc., centerstone supportive housing, llc and independent living. Centerstone accepts most insurance and private pay for services and can offer care through additional contracts and grants from federal, state and local government, as well as philanthropic donations from foundations, corporations and individuals. Other-spotlight: centerstone in indiana secured its ccbhc certification through the state of indiana and was the largest of eight organizations to enter the ccbhc demonstration on january 1, 2025. The ccbhc operating model ensures access to care, preventative physical health screenings and care coordination, new and expanded evidenced-based treatments, and expansion of and sustainable funding for our crisis services continuum. In fy25, centerstone in indiana expanded staff by nearly 170 ftes, adding therapists, nurses, psychiatrists, recovery and health coaches, peer specialists and care coordinators in each of its 15 ccbchc clinic sites. Turnover in fy25 was reduced by 17% over fy24. This expansion improved the time to access care for both crisis and routine appointments, allowed for the expansion of evidence-based programs to new sites, and ensured expanded screening and care coordination for all individuals in care. Centerstone added a third regional stride crisis stabilization and receiving center and mobile crisis team, ensuring 24-7 mental health crisis services to all fifteen ccbhc counties. With nearly 5,000 visits in fy25, stride center guests, on average, reported a rating of 9.2/10 satisfaction with services and had a 29% improvement in mood by the end of their stay. Corporate structure: centerstone of indiana, inc. Is part of centerstone of america, inc., which is the sole corporate member of centerstone of indiana. For the 2025 tax year ended june 30, 2025, centerstone of america and its affiliates earned gross revenue of $425 million. Centerstone profile: centerstone is a nonprofit health system providing mental health and substance use disorder treatments. Services are available in georgia, florida, illinois, indiana, north carolina, and tennessee through the operation of outpatient clinics, residential programs, school-based services, telehealth, and an inpatient hospital. Centerstone also offers specialized programs available nationwide for the military community, as well as services for children, including therapeutic foster care. Centerstone's institute provides guidance through research and technology, leveraging the best evidence-based practices for use across our communities. Centerstone's foundation secures philanthropic resources to support the work and mission of delivering care that changes people's lives. Centerstone provides care for more than 110,000 individuals and families annually and is accredited by carf and the joint commission. Recognition of affiliates: centerstone of indiana affiliates include: centerstone of florida is the leading community behavioral health hospital and outpatient practice in southwest florida. With a history spanning more than six decades and full continuum of behavioral health services, we are working to change the lives of children, teens, adults and seniors who face trauma, addictions, psychiatric illnesses and emotional disorders. Centerstone of florida serves more than 15,000 people of all ages. Centerstone of florida is accredited by the joint commission. Centerstone of illinois serves children, youth, adults and families thro

Form 990, Part V, Line 2A, W-2 Filing

Forms w-2, w-3, and all related payroll tax filings for centerstone of indiana, inc. Are filed under the ein of a sister organization (centerstone of america, inc. Ein 20-0072992). For 2024, a total of 5,380 w-2 forms were filed under centerstone of america. Of that total, 1,590 relate to employees of centerstone of indiana, inc.

Form 990, Part V, Line 1A, 1099 Filing

Forms 1099 and 1096 for centerstone of indiana, inc. Are filed under the ein of a sister organization (centerstone of america, inc. Ein 20-0072992). For 2024, a total of 1,040 1099 forms were filed under centerstone of america. Of that total, 79 relate to vendors of centerstone of indiana, inc.

CENTERSTONE OF INDIANA AFFILIATES INCLUDE:

Centerstone of florida is the leading community behavioral health hospital and outpatient practice in southwest florida. With a history spanning more than six decades and full continuum of behavioral health services, we are working to change the lives of children, teens, adults and seniors who face trauma, addictions, psychiatric illnesses and emotional disorders. Centerstone of florida serves more than 15,000 people of all ages. Centerstone of florida is accredited by the joint commission. Centerstone of illinois serves children, youth, adults and families through mental health counseling, substance use treatment, life skills enrichment programs, and specialized services for adults with intellectual and developmental disabilities. Each year, centerstone of illinois services more than 10,000 people of all ages in southern illinois and the metro east st. Louis area. Centerstone of illinois is accredited by carf international. Centerstone of tennessee has provided a wide range of mental health, addiction, and therapeutic foster care services to people of all ages for more than 60 years. Through operations in the middle and east tennessee regions, centerstone serves more than 40,000 children, adolescents, adults and seniors each year. Centerstone of tennessee is accredited by carf international and is a member organization of the national football league's nfl lifeline. Centerstone's research institute is dedicated to bridging the gap between evidence and practice, bringing industry proven and high-value practices to our physicians, nurses and practitioners. This is accomplished through research and evaluation studies to define best practice and advance the treatment and prevention of mental health and addiction disorders. Staff work closely with our centerstone affiliates to deliver clinically excellent, evidence-based and value-care models. Centerstone's research institute embraces transparency and measurement to enhance patient care. Centerstone's military services works to ensure that service members, veterans and their families have the resources and support needed to lead healthy and fulfilling lives beyond military service. We offer a variety of services to address many issues including combat stress, trauma, homelessness, depression, addiction, marriage issues, parent-child relationship repair, and other invisible wounds of war. This includes those who are currently serving or have served in any branch of the military regardless of discharge status or conflict in which they served. The centerstone foundation secures philanthropic resources to support centerstone's noble purpose, "delivering care that changes people's lives," both now and in the future. In addition to securing philanthropic resources for its affiliates and the people we serve, the foundation is charged with providing effective stewardship of endowments, including investment and disbursements. We are dedicated to improving the quality of life of the individuals and families who come to centerstone for care. Centerstone of indiana is the sole corporate member of the centerstone foundation. Homewood insurance company, inc. Was formed in june 2021 as a captive insurance company solely owned by centerstone of america, inc. Centerstone will utilize the captive primarily as a formalized funding mechanism to facilitate a gradual increase in self-insured retention thereby reducing the company's reliance on commercial coverage to the higher, non-working loss exposure layers. The captive will be utilized to fund the company's self-insured exposures for its medical professional, general and automobile liability programs.

Financial Statement Notes

PART X, LINE 2:

The corporation and its subsidiaries, except for supportive housing and kinser flats, are organized as not-for-profit corporations under section 501(c)(3) of the united states internal revenue code ("irc"). Irc section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Supportive housing is organized as a limited liability company, whereby net taxable income is taxed directly to the members and not this entity. Kinser flats is organized as a limited partnership, whereby net taxable income is taxed directly to the partners and not this entity. As such, supportive housing and kinser flats are generally exempt from income taxes. Accordingly, no current or deferred provision for income taxes was made for 2025 and 2024. The corporation and its subsidiaries are required to file federal form 990 return of organization exempt from income tax which is an informational return only. The corporation and its subsidiaries have filed their federal and state income tax returns for periods through sunday, june 30, 2024. Thus, the consolidated financial statements do not include any provision for federal or state income taxes. Accounting principles generally accepted in the united states of america ("gaap") require management to evaluate tax positions taken and recognize a tax liability if it is more likely than not that an uncertain tax position would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken and has concluded that as of monday, june 30, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The corporation and its subsidiaries are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 2,069,217.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Bad debt included in expenses 577,858.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 2,069,217.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Bad debt included in expenses 577,858.

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IRS990/ActivityOrMissionDesc0CENTERSTONE OF INDIANA PROVIDES AN ARRAY OF MENTAL HEALTH TREATMENT, SUBSTANCE USE DISORDER TREATMENT, INTEGRATED PRIMARY CARE, THERAPEUTIC FOSTER CARE AND SUPPORTIVE SERVICES TO MORE THAN 20,000 PEOPLE OF ALL AGES ACROSS SOUTHERN AND CENTRAL INDIANA EACH YEAR. CENTERSTONE HAS BEEN RECOGNIZED BY THE STATE OF INDIANA FOR ITS INNOVATIVE SERVICES IN ADDICTIONS CARE AND RE-ENTRY SERVICES. WE ARE ACCREDITED BY CARF INTERNATIONAL AND HAVE RECEIVED HEALTH HOME STATUS. CENTERSTONE OF INDIANA'S SUBSIDIARIES INCLUDE THE CENTERSTONE FOUNDATION, INC., CENTERSTONE SUPPORTIVE HOUSING, LLC AND INDEPENDENT LIVING. CENTERSTONE ACCEPTS MOST INSURANCE AND PRIVATE PAY FOR SERVICES AND CAN OFFER CARE THROUGH ADDITIONAL CONTRACTS AND GRANTS FROM FEDERAL, STATE AND LOCAL GOVERNMENT, AS WELL AS PHILANTHROPIC DONATIONS FROM FOUNDATIONS, CORPORATIONS AND INDIVIDUALS.
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IRS990/Desc0CHILD COMMUNITY BASEDCENTERSTONE HAS A SPECIAL APPROACH TO HELPING CHILDREN OVERCOME BEHAVIORAL HEALTH CHALLENGES. OUR STAFF WORK WITH CHILDREN, ADOLESCENTS, AND THEIR FAMILIES TO ASSESS THEIR SITUATION, TAKING STOCK OF THEIR STRENGTHS AND NEEDS IN ORDER TO DEVELOP INDIVIDUALIZED TREATMENT PLANS TO ADDRESS THE ISSUES AT HAND. BY TEAMING WITH FAMILIES, SCHOOLS AND COMMUNITIES, WE BUILD A NETWORK OF HEALING. SERVICES INCLUDE INDIVIDUAL, GROUP AND FAMILY COUNSELING IN CLINIC, SCHOOL, HOME, AND COMMUNITY SETTINGS, LIFE SKILLS TRAINING, PSYCHIATRIC EVALUATION AND MEDICATION MANAGEMENT, CARE COORDINATION. OUR SERVICES PROVIDE THE CLIENT AND THEIR FAMILY AN OPPORTUNITY TO HELP ALL MEMBERS OF THE FAMILY SUCCEED AND TO ESTABLISH AND MAINTAIN A HAPPIER AND HEALTHIER HOME LIFE. THE TREATMENT TEAM PROVIDES FAMILY-CENTERED, CULTURALLY COMPETENT SERVICES INDIVIDUALIZED ACCORDING TO THE STRENGTHS AND NEEDS OF EACH CHILD AND HIS/HER FAMILY.
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IRS990/PayrollTaxesGrp/TotalAmt04754389
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041484
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0962322
IRS990/PensionPlanContributionsGrp/TotalAmt01003806
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0312356
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0412422
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0628363
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0635662
IRS990/PrincipalOfficerNm0SUZANNE KOESEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0621400
IRS990/ProgramServiceRevenueGrp/BusinessCd1621400
IRS990/ProgramServiceRevenueGrp/Desc0NET PATIENT SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS CONTRACTS

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