Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,487

• 2a · Program service revenue: Program service revenu

  total $2,225,788 · related or exempt $2,225,788

• 3 · Investment income

  total $989 · excluded $989

• 11a · Other revenue: Miscellaneous

  total $11,928 · related or exempt $11,928

• 11e · Other revenue, total

  $11,928

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $971,361 · program services $971,361

• 8 · Pension plan contributions

  total $641 · program services $641

• 9 · Other employee benefits

  total $105,177 · program services $105,177

• 10 · Payroll taxes

  total $73,565 · program services $73,565

• 11a · Fees: management

  total $111,784 · management and general $111,784

• 11c · Fees: accounting

  total $34,844 · management and general $34,844

• 12 · Advertising and promotion

  total $13,625 · program services $13,625

• 13 · Office expenses

  total $15,879 · program services $15,879

• 14 · Information technology

  total $25,681 · program services $25,681

• 16 · Occupancy

  total $144,821 · program services $144,821

• 17 · Travel

  total $1,384 · program services $1,384

• 22 · Depreciation, depletion and amortization

  total $212,333 · program services $212,333

• 23 · Insurance

  total $198,082 · program services $198,082

• 24a · Other expenses: Other Assisted Living E

  total $269,647 · program services $269,647

• 24b · Other expenses: Financial Expense

  total $192,439 · program services $192,439

• 24c · Other expenses: Operating and Maintenan

  total $122,064 · program services $122,064

• 24d · Other expenses: Taxes

  total $62,751 · program services $62,751

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $40,294 · end of year $46,669

• 2 · Savings and temporary cash investments

  beginning of year $557,722 · end of year $437,844

• 4 · Accounts receivable

  beginning of year $10,722 · end of year $20,411

• 8 · Inventories for sale or use

  beginning of year $5,808 · end of year $5,808

• 9 · Prepaid expenses and deferred charges

  beginning of year $186,672 · end of year $180,518

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

  $7,479,353

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

  $3,316,243

• 10c · Land, buildings and equipment, net

  beginning of year $4,304,151 · end of year $4,163,110

• 15 · Other assets

  beginning of year $197,374 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $326,628 · end of year $538,718

• 19 · Deferred revenue

  end of year $60,067

• 23 · Secured mortgages and notes payable

  beginning of year $6,622,012 · end of year $6,312,306

• 25 · Other liabilities

  beginning of year $946,731 · end of year $851,783

• 27 · Net assets without donor restrictions

  beginning of year -$2,592,628 · end of year -$2,908,514

The filer's explanations (Part III)

Part I, Line 3

Compensation Process for Top Officials- The Finance Committee of the Board of the Methodist Home for the Aging shall set the compensation for the executive staff. The executive staff shall recommend compensation for key employees and staff at all the facilities. The recommendations are reviewed, approved, or modified by the finance committee. Wesley Haven Villa Officers are not compensated.

Part I, Line 4b

Christopher Tomlin $20,496 in Nonqualified Mike Giles $20,496 in Nonqualified