Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $79,000

• 1f · All other contributions, gifts and grants

  $6,385

• 2a · Program service revenue: RESIDENT REVENUE

  total $6,257,974 · related or exempt $6,257,974

• 3 · Investment income

  total $1,233 · excluded $1,233

• 11a · Other revenue: MARKETPLACE/CAFE REVEN

  total $53,538 · excluded $53,538

• 11b · Other revenue: BEAUTY SALON REVENUE

  total $1,200 · excluded $1,200

• 11c · Other revenue: PHONE REINBURSEMENT RE

  total $240 · excluded $240

• 11e · Other revenue, total

  $54,978

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,299,676 · program services $2,078,821 · management and general $220,855

• 8 · Pension plan contributions

  total $7,838 · program services $7,107 · management and general $731

• 9 · Other employee benefits

  total $327,007 · program services $324,268 · management and general $2,739

• 10 · Payroll taxes

  total $177,484 · program services $159,024 · management and general $18,460

• 11c · Fees: accounting

  total $45,094 · management and general $45,094

• 11g · Fees: other

  total $418,293 · program services $410,518 · management and general $7,775

• 12 · Advertising and promotion

  total $152,641 · program services $152,641

• 13 · Office expenses

  total $23,832 · program services $23,832

• 16 · Occupancy

  total $1,521,406 · program services $1,521,406

• 17 · Travel

  total $9,698 · program services $9,698

• 19 · Conferences, conventions and meetings

  total $2,794 · program services $2,794

• 20 · Interest

  total $585,265 · program services $585,265

• 22 · Depreciation, depletion and amortization

  total $671,573 · program services $671,573

• 23 · Insurance

  total $184,582 · program services $184,582

• 24a · Other expenses: SUPPLIES

  total $641,036 · program services $635,908 · management and general $5,128

• 24b · Other expenses: PROVISION FOR BAD DEBTS

  total $19,865 · program services $19,865

• 24c · Other expenses: DUES, FEES, AND SUBSCRI

  total $13,704 · program services $8,152 · management and general $5,552

• 24e · All other expenses

  total $8,115 · management and general $8,115

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $436,884 · end of year $386,623

• 4 · Accounts receivable

  beginning of year $83,574 · end of year $272,734

• 9 · Prepaid expenses and deferred charges

  beginning of year $103,831 · end of year $104,531

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

  $22,800,253

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

  $13,255,007

• 10c · Land, buildings and equipment, net

  beginning of year $10,100,596 · end of year $9,545,246

• 15 · Other assets

  beginning of year $8,732,106 · end of year $8,133,756

• 17 · Accounts payable and accrued expenses

  beginning of year $310,618 · end of year $460,390

• 23 · Secured mortgages and notes payable

  beginning of year $16,255,635 · end of year $15,956,928

• 25 · Other liabilities

  beginning of year $4,729,672 · end of year $4,574,839

• 27 · Net assets without donor restrictions

  beginning of year -$1,843,934 · end of year -$2,554,267

• 28 · Net assets with donor restrictions

  beginning of year $5,000 · end of year $5,000

The filer's explanations (Part III)

PART I, LINE 3

THE HR COMMITTEE OF THE WEXNER HERITAGE VILLAGE BOARD OF DIRECTORS UTILIZED LOCAL MARKET KNOWLEDGE AND ANNUAL PERFORMANCE EVALUATIONS TO ESTABLISH COMPENSATION FOR EXECUTIVES. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED BY THE CEO, CFO & PRESIDENT UNDER GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS AS PART OF THE BUDGET PROCESS. THE PROCESS IS COMPLETED ANNUALLY AND WAS LAST COMPLETED IN 2022.

Disregarded entities

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

• THE CREEKSIDE AT THE VILLAGE REAL ESTATE

  REAL ESTATE OWNER · OH · income $1,012,549 · assets $10,086,412

  Directly controlled by CREEKSIDE AT THE VILLAGE

• COTTAGE REAL ESTATE LLC

  REAL ESTATE OWNER · OH · income $247,862 · assets $1,096,805

  Directly controlled by CREEKSIDE AT THE VILLAGE