Civic Intelligence

Community Ltc Inc.

990 • Fiscal year 2023 • EIN 35-1877441

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

1030 South Scatterfield RdAnderson, IN 46012

(765) 203-2681

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

30th percentile

0.11x

Higher debt load relative to revenue than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

49th percentile

3.4%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$253,024

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

38th percentile

2.5%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

2.5%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$19,714,999

Up $481,469 (+2.5%) from 2022

Net Assets

Up

$18,189,598

Up $458,469 (+2.6%) from 2022

Liabilities

Up

$1,525,401

Up $23,000 (+1.5%) from 2022

Revenue

Up

$14,495,057

Up $349,023 (+2.5%) from 2022

Expenses

Up

$13,996,263

Up $949,846 (+7.3%) from 2022

Net Income

Down

$498,794

Down $600,823 (-55%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2013: $10,539,191Liabilities 2013: $2,636,037Net Assets 2013: $7,903,1542013Assets 2014: $13,394,837Liabilities 2014: $2,187,498Net Assets 2014: $11,207,3392014Assets 2015: $14,492,182Liabilities 2015: $1,619,771Net Assets 2015: $12,872,4112015Assets 2016: $15,948,085Liabilities 2016: $1,236,460Net Assets 2016: $14,711,6252016Assets 2017: $15,541,222Liabilities 2017: $1,016,168Net Assets 2017: $14,525,0542017Assets 2018: $14,057,091Liabilities 2018: $226,778Net Assets 2018: $13,830,3132018Assets 2019: $14,614,739Liabilities 2019: $106,755Net Assets 2019: $14,507,9842019Assets 2020: $17,374,536Liabilities 2020: $1,756,226Net Assets 2020: $15,618,3102020Assets 2021: $18,409,813Liabilities 2021: $334,387Net Assets 2021: $18,075,4262021Assets 2022: $19,233,530Liabilities 2022: $1,502,401Net Assets 2022: $17,731,1292022Assets 2023: $19,714,999Liabilities 2023: $1,525,401Net Assets 2023: $18,189,5982023Assets 2024: $20,219,443Liabilities 2024: $1,710,776Net Assets 2024: $18,508,6672024

Highlighted filing

2023

Assets$19,714,999
Liabilities$1,525,401
Net Assets$18,189,598

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $14,052,217Expenses 2013: $10,987,908Net Income 2013: $3,064,3092013Revenue 2014: $14,421,616Expenses 2014: $11,117,431Net Income 2014: $3,304,1852014Revenue 2015: $12,402,847Expenses 2015: $10,737,775Net Income 2015: $1,665,0722015Revenue 2016: $13,235,050Expenses 2016: $11,381,139Net Income 2016: $1,853,9112016Revenue 2017: $11,399,445Expenses 2017: $11,586,016Net Income 2017: -$186,5712017Revenue 2018: $9,615,824Expenses 2018: $10,310,565Net Income 2018: -$694,7412018Revenue 2019: $11,431,985Expenses 2019: $10,754,314Net Income 2019: $677,6712019Revenue 2020: $14,281,089Expenses 2020: $13,168,975Net Income 2020: $1,112,1142020Revenue 2021: $14,582,725Expenses 2021: $12,125,609Net Income 2021: $2,457,1162021Revenue 2022: $14,146,034Expenses 2022: $13,046,417Net Income 2022: $1,099,6172022Revenue 2023: $14,495,057Expenses 2023: $13,996,263Net Income 2023: $498,7942023Revenue 2024: $16,891,371Expenses 2024: $16,570,751Net Income 2024: $320,6202024

Highlighted filing

2023

Revenue$14,495,057
Expenses$13,996,263
Net Income$498,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$14,495,057
Mission and Program Overview

Mission

To provide room, board, and nursing care services as well as assisted living services to elderly citizens of Madison and surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$9,299,238$10,096,139▲ $796,901
Land, Buildings, and Equipment, Net$7,928,540$7,646,354▼ $282,186
Cash and Non-Interest-Bearing Accounts$1,865,306$1,860,899▼ $4,407
Prepaid Expenses and Deferred Charges$140,446$111,607▼ $28,839
Total Assets$19,233,530$19,714,999▲ $481,469
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,442,733$1,348,555▼ $94,178
Accounts Payable and Accrued Expenses$759$120,300▲ $119,541
Other Liabilities$30,468$30,839▲ $371
Deferred Revenue$28,441$25,707▼ $2,734
Total Liabilities$1,502,401$1,525,401▲ $23,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,731,129$18,189,598▲ $458,469
Total Net Assets Fund Balance$17,731,129$18,189,598▲ $458,469
Total Liabilities and Net Assets / Fund Balance$19,233,530$19,714,999▲ $481,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,795,524$5,615,149$12,410,673
Equipment$630,269$1,077,737$1,708,006
Land$220,561-$220,561
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diana SmithVice Pres/CFOFT$190,873$62,151$253,024
Diana Smith--$190,873$62,151$253,024
Elizabeth HarpePresident/CEOFT$193,617$10,150$203,767
Elizabeth Harpe--$193,617$10,150$203,767
Michelle BallDirector of Resource-$167,783$907$168,690
Michelle Ball--$167,783$907$168,690

Board Members and Trustees

NameTitle
John HarrisChairman
Betty CrumMember-Board of Directors
Brandon AimanMember-Board of Directors
Dr Kelly ChambersMember-Board of Directors
Elizabeth TharpMember-Board of Directors
John LongnekerMember-Board of Directors
Kerry RobinsonMember-Board of Directors
Mary Jo LeeMember-Board of Directors
Mike OwensMember-Board of Directors
LeVeda StandiferSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,600
Program Service Revenue
$14,272,982
Investment Income
$0
Other Revenue
$179,475
All Other Contributions
$40,100
Change in Net Assets
$498,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,138,209
Other Expenses$858,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,042,315$304,432$0$10,346,747
Other Employee Benefits$1,514,836$114,020$0$1,628,856
Payroll Taxes$723,648$54,468$0$778,116
Depreciation Depletion$696,353$2,622$0$698,975
Current Officers, Directors, Trustees, and Key Employees$0$384,490$0$384,490
Interest$79,902$0$0$79,902
All Other Expenses$26,742$13,387$0$40,129
Advertising$0$21,993$0$21,993
Occupancy$5,496$0$0$5,496
Insurance$345$4,515$0$4,860
Fees for Services Other$4,643$0$0$4,643
Office Expenses$0$982$0$982
Fees for Services Management$719$0$0$719
Travel$355$0$0$355
Total Functional Expenses$13,095,354$900,909$0$13,996,263
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
Due to Other$27,656
Resident Funds$3,183
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

Betty Crum 6897 N 200 East Alexandria IN 46001

Form 990, Part VI, Line 9

John Longnecker 940 Meridian Street Anderson IN 46016

Form 990, Part VI, Line 9

Brandon Aiman 14726 N 300 W Summitville IN 46070

Form 990, Part VI, Line 9

John Harris 217 Somerville Rd. Anderson IN XXX-XX-XXXX

Form 990, Part VI, Line 9

Mary Jo Lee P.O. Box 1302 Anderson IN 46015

Form 990, Part VI, Line 9

Dr. Kelly Chambers 9739 W. 400 N. Noblesville IN 46060

Form 990, Part VI, Line 9

Elizabeth Tharp 1515 N. Madison Ave. Anderson IN 46011

Form 990, Part VI, Line 9

Mike Owens 412 N. Harrison Alexandria IN 46001

Form 990, Part VI, Line 9

Kerry Robinson 4012 Northwood Lane Anderson IN 46012

Form 990, Part VI, Line 9

LeVeda Standifer PO Box 2749 Anderson IN 46018

Filing and Contact Details

Filer

Filer Name
Community LTC Inc
EIN
35-1877441
Phone
7652032681
Address
1030 South Scatterfield Rd, Anderson, IN 46012

Signing Officer

Name
Diana Smith
Title
Vice Pres/CFO
Phone
7652032681
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
417
Volunteers
17

Preparer

Firm
Gordon & Gordon Pc
Address
9850 N 950 E, BROWNSBURG, IN 46112
Preparer
Brian S Gordon CPA
Phone
3178525292
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 is prepared by an outside Accountant.

Pt VI, Line 11B

A complete copy of Form 990 was provided to the CFO prior

Pt VI, Line 11B

to filing. The CFO will forward the Form 990 to each member

Pt VI, Line 11B

of the Board of Directors who will discuss it with each

Pt VI, Line 11B

member and answer any questions.

Pt VI, Line 12C

The conflict of interest policy is discussed with new

Pt VI, Line 12C

board members at the start of their term.

Pt VI, Line 12C

The board of directors and key employees are required to

Pt VI, Line 12C

sign the conflict of interest policy and disclose any

Pt VI, Line 12C

conflicts at the beginning of every Board Meeting and

Pt VI, Line 12C

on an annual basis. Board members are prohibited from

Pt VI, Line 12C

voting or exerting personal influence related to any issue

Pt VI, Line 12C

that presents a conflict of interest.

Pt VI, Line 15A

Top management compensation of Community LTC, Inc. is

Pt VI, Line 15A

determined by the Board of Directors. The Board of

Pt VI, Line 15A

Directors evaluates the performance of the CEO and CFO and

Pt VI, Line 15A

determines compensation based on average compensation

Pt VI, Line 15A

increases in the industry in general and compensation at

Pt VI, Line 15A

similar facilities.

Pt VI, Line 15A

Community LTC, Inc. participates in a state and national

Pt VI, Line 15A

industry trade association which conducts an annual wage

Pt VI, Line 15A

survey - this survey is utilized for evaluation of

Pt VI, Line 15A

salaries and wages.

Pt VI, Line 15B

Other officers and key employees compensation is proposed

Pt VI, Line 15B

by the CEO for Board of Directors approval as part of

Pt VI, Line 15B

the annual budget process. The CEO and CFO together review

Pt VI, Line 15B

the performance of department heads and other regular

Pt VI, Line 15B

employees determining compensation adjustments based on

Pt VI, Line 15B

industry adjustments and compensation levels at other

Pt VI, Line 15B

facilities. Community, LTC, Inc. participates in a state

Pt VI, Line 15B

and national industry trade association which conducts an

Pt VI, Line 15B

annual wage survey - this survey is utilized for

Pt VI, Line 15B

evaluation of salaries and wages.

Pt VI, Line 19

A) The articles of incorporation and certificate of

Pt VI, Line 19

existence are on file with the Indiana Secretary of State

Pt VI, Line 19

and are available to the public upon request to the

Pt VI, Line 19

Indiana Secretary of State.

Pt VI, Line 19

B) Community LTC, Inc. conflict of interest policy is

Pt VI, Line 19

available to the public upon request.

Pt VI, Line 19

Community LTC, Inc. does file the Form 990 tax return,

Pt VI, Line 19

Medicaid and Medicare Cost Reports with the appropriate

Pt VI, Line 19

agencies on an annual basis. The Form 990 tax return is

Pt VI, Line 19

available upon request and/or available on a delayed

Pt VI, Line 19

basis on GuideStar.com. The Medicaid and Medicare

Pt VI, Line 19

Cost Reports are available via Freedom of Information

Pt VI, Line 19

Request filed with the applicable agencies.

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IRS990/Desc0Community Long Term Care, Inc. (CLTC) operates 3 nursing facilities with a total of 254 licensed beds of which 193 are licensed as skilled nursing beds and 1 assisted living facility. The facility provides long term nursing care or assisted living to area residents who need such services. CLTC participates in the Medicare, Medicaid, Tri-Care, and other government sponsored health care programs as well as private managed care and other health insurance programs. The staff at CLTC make every effort to provide quality services to the residents. Goals are to 1) meet or exceed expectations, 2) display a positive and energetic attitude, 3) honor the dignity, value and involvement of others, 4) provide high quality services at a reasonable cost, and 5) continously improve services. The CLTC governing body is comprised of independent members of the community.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Diana Smith
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IRS990/Form990PartVIISectionAGrp/PersonNm12Michelle Ball
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Member-Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt3President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Pres/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
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