Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $133,024

• 1e · Government grants (contributions)

  $370,452

• 1f · All other contributions, gifts and grants

  $6,057,536

• 2a · Program service revenue: MANAGEMENT FEES

  total $47,086,101 · related or exempt $47,086,101

• 2b · Program service revenue: NET PATIENT SERVICE REVENUE

  total -$9,880 · related or exempt -$9,880

• 3 · Investment income

  total $8,374,112 · excluded $8,374,112

• 6a · Gross rents

  real property $124,391

• 6b · Less rental expenses

  real property $560,181

• 6c · Rental income or loss

  real property -$435,790

• 6d · Net rental income or loss

  total -$435,790 · excluded -$435,790

• 7a · Gross sales of assets other than inventory

  securities $103,280,578

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

  securities $86,879,830

• 7c · Gain or loss

  securities $16,400,748

• 7d · Net gain or loss

  total $16,400,748 · excluded $16,400,748

• 8a · Fundraising events: gross income

  $28,000

• 8a · Fundraising events: contributions included on line 1c

  $133,024

• 8b · Fundraising events: direct expenses

  $153,295

• 8c · Net income from fundraising events

  total -$125,295 · excluded -$125,295

• 11a · Other revenue: EXPENSE REIMBURSEMENT

  total $924,518 · excluded $924,518

• 11b · Other revenue: CLUBHOUSE REVENUE

  total $88,559 · excluded $88,559

• 11c · Other revenue: MISCELLANEOUS REVENUE

  total $66,396 · excluded $66,396

• 11e · Other revenue, total

  $1,079,473

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,610,036 · program services $7,610,036

• 5 · Compensation of officers, directors and key employees

  total $4,432,137 · program services $1,960,833 · management and general $2,471,304

• 7 · Other salaries and wages

  total $15,882,202 · program services $4,686,152 · management and general $10,196,994 · fundraising $999,056

• 8 · Pension plan contributions

  total $203,340 · program services $108,368 · management and general $81,928 · fundraising $13,044

• 9 · Other employee benefits

  total $1,876,464 · program services $732,678 · management and general $1,044,936 · fundraising $98,850

• 10 · Payroll taxes

  total $1,309,058 · program services $451,459 · management and general $790,570 · fundraising $67,029

• 11b · Fees: legal

  total $203,026 · management and general $203,026

• 11c · Fees: accounting

  total $152,704 · management and general $152,704

• 11d · Fees: lobbying

  total $5,831 · management and general $5,831

• 11f · Fees: investment management

  total $1,243,081 · management and general $1,243,081

• 11g · Fees: other

  total $13,392,406 · program services $5,861,755 · management and general $7,363,477 · fundraising $167,174

• 12 · Advertising and promotion

  total $751,692 · program services $2,569 · management and general $749,123

• 13 · Office expenses

  total $1,828,917 · program services $1,297,084 · management and general $378,417 · fundraising $153,416

• 16 · Occupancy

  total $945,342 · program services $880,396 · management and general $64,946

• 17 · Travel

  total $175,333 · program services $67,547 · management and general $107,445 · fundraising $341

• 20 · Interest

  total $4,467,415 · program services $4,467,415

• 22 · Depreciation, depletion and amortization

  total $3,023,456 · program services $2,999,407 · management and general $378 · fundraising $23,671

• 23 · Insurance

  total $1,383,692 · management and general $1,383,692

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $656,071 · program services $364,821 · management and general $282,940 · fundraising $8,310

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $409,827 · program services $409,431 · management and general $396

• 24c · Other expenses: CORPORATE ALLOCATIONS

  total $400,875 · management and general $139,794 · fundraising $261,081

• 24d · Other expenses: OTHER EXPENSES

  total $169,877 · program services $43,462 · management and general $86,061 · fundraising $40,354

• 24e · All other expenses

  total $181,776 · program services $39,768 · management and general $131,701 · fundraising $10,307

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,125,337 · end of year $5,009,919

• 3 · Pledges and grants receivable

  beginning of year $3,035,437 · end of year $2,999,259

• 4 · Accounts receivable

  beginning of year $946,790 · end of year $941,881

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,237,053 · end of year $1,158,867

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

  $128,601,415

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

  $100,553,449

• 10c · Land, buildings and equipment, net

  beginning of year $13,292,131 · end of year $28,047,966

• 11 · Investments: publicly traded securities

  beginning of year $189,602,402 · end of year $213,540,801

• 12 · Investments: other securities

  beginning of year $164,673,591 · end of year $135,590,205

• 15 · Other assets

  beginning of year $114,277,870 · end of year $160,958,907

• 17 · Accounts payable and accrued expenses

  beginning of year $8,848,902 · end of year $8,136,040

• 20 · Tax-exempt bond liabilities

  beginning of year $147,900,609 · end of year $144,412,308

• 24 · Unsecured notes and loans payable

  beginning of year $8,816,345 · end of year $2,168,609

• 25 · Other liabilities

  beginning of year $5,441,722 · end of year $5,011,823

• 27 · Net assets without donor restrictions

  beginning of year $256,760,257 · end of year $327,684,545

• 28 · Net assets with donor restrictions

  beginning of year $64,422,776 · end of year $60,834,480

The filer's explanations (Part III)

PART I, LINE 4A

ASTRID GONZALEZ RECEIVED SEVERANCE OF $41,992 IN 2023.

PART I, LINE 7

GSRN HAS A PERFORMANCE COMPENSATION PROGRAM IN PLACE WHICH IS APPROVED BY THE BOARD. CERTAIN MEMBERS OF MANAGEMENT CAN RECEIVE AN ANNUAL PERFORMANCE PAYMENT WHEN PRE-DEFINED AND PRE-APPROVED FINANCIAL AND NON-FINANCIAL GOALS ARE ACHIEVED.

Disregarded entities

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

• GOOD SHEPHERD GROUP LLC

  REHABILITATION PRODUCT DEVELOPMENT · PA · income $0 · assets $0

  Directly controlled by GOOD SHEPHERD REHABILITATION NETWORK

• GOOD SHEPHERD DEVELOPMENT LLC

  DEVELOP, OWN & MANAGE BUSINESSES AND SERVICES RELATED TO GSRN'S MISSION · PA · income $1,371,671 · assets $43,737,964

  Directly controlled by GOOD SHEPHERD REHABILITATION NETWORK

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GOOD SHEPHERD RECIPROCAL RISK RENTENTION GROUP

  C · RISK RETENTION GROUP · SC · 100% owned · share of income $2,103,542 · share of assets $6,229,678 · controlled entity

  Directly controlled by GOOD SHEPHERD REHABILITATION NETWORK