Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,010,747

• 1f · All other contributions, gifts and grants

  $56,634

• 2a · Program service revenue: Resident Services

  total $67,552,015 · related or exempt $67,552,015

• 2b · Program service revenue: Management Fees

  total $1,208,911 · related or exempt $1,208,911

• 2c · Program service revenue: Supporting Income

  total $629,818 · related or exempt $629,818

• 2d · Program service revenue: Catering

  total $118,265 · related or exempt $118,265

• 3 · Investment income

  total $1,155,790 · excluded $1,155,790

• 7a · Gross sales of assets other than inventory

  securities $852,186

• 7b · Less cost or other basis and sales expenses

  securities $861,683

• 7c · Gain or loss

  securities -$9,497

• 7d · Net gain or loss

  total -$9,497 · excluded -$9,497

• 8a · Fundraising events: gross income

  $63,950

• 8b · Fundraising events: direct expenses

  $18,053

• 8c · Net income from fundraising events

  total $45,897 · excluded $45,897

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $948,466 · management and general $948,466

• 7 · Other salaries and wages

  total $35,940,225 · program services $31,502,475 · management and general $4,393,628 · fundraising $44,122

• 8 · Pension plan contributions

  total $529,467 · program services $426,588 · management and general $101,457 · fundraising $1,422

• 9 · Other employee benefits

  total $3,832,979 · program services $3,283,998 · management and general $544,277 · fundraising $4,704

• 10 · Payroll taxes

  total $2,651,873 · program services $2,301,166 · management and general $346,677 · fundraising $4,030

• 11b · Fees: legal

  total $323,536 · management and general $323,536

• 11c · Fees: accounting

  total $142,146 · management and general $142,146

• 11g · Fees: other

  total $4,463,135 · program services $3,952,634 · management and general $510,501

• 12 · Advertising and promotion

  total $274,210 · program services $79 · management and general $274,131

• 13 · Office expenses

  total $1,600,485 · program services $1,260,136 · management and general $331,611 · fundraising $8,738

• 14 · Information technology

  total $888,402 · program services $550,834 · management and general $337,468 · fundraising $100

• 16 · Occupancy

  total $2,414,263 · program services $2,350,006 · management and general $50,089 · fundraising $14,168

• 17 · Travel

  total $159,281 · program services $33,738 · management and general $125,543

• 19 · Conferences, conventions and meetings

  total $97,007 · program services $6,904 · management and general $90,103

• 20 · Interest

  total $2,821,810 · program services $2,821,810

• 22 · Depreciation, depletion and amortization

  total $4,395,043 · program services $4,147,789 · management and general $247,254

• 23 · Insurance

  total $701,351 · program services $673,809 · management and general $27,542

• 24a · Other expenses: Food Expenses

  total $2,350,412 · program services $2,350,412

• 24b · Other expenses: Medical Supplies

  total $1,675,850 · program services $1,675,850

• 24c · Other expenses: Dues, Licenses & Permit

  total $662,800 · management and general $662,800

• 24d · Other expenses: Bad Debt Expense

  total $384,148 · management and general $384,148

• 24e · All other expenses

  total $773,308 · program services $382,743 · management and general $380,612 · fundraising $9,953

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,333,229 · end of year $8,055,296

• 4 · Accounts receivable

  beginning of year $5,235,664 · end of year $6,830,433

• 8 · Inventories for sale or use

  beginning of year $150,052 · end of year $157,365

• 9 · Prepaid expenses and deferred charges

  beginning of year $546,814 · end of year $797,911

• 10a · Land, buildings and equipment: cost or other basis

  $128,540,183

• 10b · Land, buildings and equipment: accumulated depreciation

  $52,557,244

• 10c · Land, buildings and equipment, net

  beginning of year $78,253,080 · end of year $75,982,939

• 11 · Investments: publicly traded securities

  beginning of year $11,463,450 · end of year $17,311,421

• 13 · Investments: program-related

  beginning of year $4,678,828 · end of year $5,544,830

• 14 · Intangible assets

  beginning of year $2,402,803 · end of year $2,367,659

• 15 · Other assets

  beginning of year $16,915,953 · end of year $14,592,947

• 17 · Accounts payable and accrued expenses

  beginning of year $5,150,417 · end of year $6,359,608

• 20 · Tax-exempt bond liabilities

  beginning of year $40,087,514 · end of year $45,567,740

• 21 · Escrow or custodial account liability

  beginning of year $406,666 · end of year $482,222

• 23 · Secured mortgages and notes payable

  beginning of year $35,689,523 · end of year $26,535,338

• 25 · Other liabilities

  beginning of year $6,094,422 · end of year $6,912,876

• 27 · Net assets without donor restrictions

  beginning of year $36,820,332 · end of year $42,870,305

• 28 · Net assets with donor restrictions

  beginning of year $2,730,999 · end of year $2,912,712

The filer's explanations (Part III)

Part I, Line 3

Jon Riewer, Darin Ohe, and Melissa Heesch are compensated by Eventide for services provided to the organization, Eventide West Fargo, LLC, Eventide Living Center, and Lake Region Lutheran Home.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Eventide Jamestown LLC dba Hi Acres

  Senior Living Community · ND · income $12,507,403 · assets $13,899,554

  Directly controlled by Eventide

• Eventide Fargo LLC

  Senior Living Community · ND · income $15,089,424 · assets $26,783,026

  Directly controlled by Eventide

• Eventide Fargo - AL

  Senior Living Community · ND · income $4,249,307 · assets $18,144,139

  Directly controlled by Eventide

• Eventide Moorhead Senior Living LLC

  Senior Living Community · MN · income $46,456,939 · assets $88,546,454

  Directly controlled by Eventide

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Sanders Flats LLC

  Related · Senior Living · MN · 50% owned · share of assets $5,142,113 · general or managing partner

  Directly controlled by Eventide