Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $78,367

• 1e · Government grants (contributions)

  $227,234

• 1f · All other contributions, gifts and grants

  $243,204

• 2a · Program service revenue: HEALTH CENTER

  total $4,348,981 · related or exempt $4,348,981

• 2b · Program service revenue: HOUSEHOLD

  total $4,222,792 · related or exempt $4,222,792

• 2c · Program service revenue: APARTMENTS

  total $3,377,400 · related or exempt $3,377,400

• 2d · Program service revenue: MEMORY CARE - HAVEN

  total $2,538,820 · related or exempt $2,538,820

• 3 · Investment income

  total $287,686 · excluded $287,686

• 7a · Gross sales of assets other than inventory

  securities $4,264,419

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

  securities $3,667,121

• 7c · Gain or loss

  securities $597,298

• 7d · Net gain or loss

  total $597,298 · excluded $597,298

• 11a · Other revenue: INSURANCE PREMIUM REBATE

  total $59,294 · excluded $59,294

• 11b · Other revenue: OTHER REVENUE

  total $29,025 · related or exempt $29,025

• 11e · Other revenue, total

  $88,319

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $352,710 · program services $303,519 · management and general $49,191

• 7 · Other salaries and wages

  total $8,695,493 · program services $7,402,241 · management and general $1,293,252

• 8 · Pension plan contributions

  total $187,249 · program services $159,400 · management and general $27,849

• 9 · Other employee benefits

  total $1,937,956 · program services $1,649,730 · management and general $288,226

• 11b · Fees: legal

  total $71,878 · program services $39,897 · management and general $31,981

• 11c · Fees: accounting

  total $35,887 · management and general $35,887

• 11f · Fees: investment management

  total $67,848 · management and general $67,848

• 12 · Advertising and promotion

  total $8,671 · management and general $8,671

• 13 · Office expenses

  total $288,640 · program services $241,186 · management and general $47,454

• 14 · Information technology

  total $348,301 · program services $39,281 · management and general $309,020

• 16 · Occupancy

  total $611,471 · program services $555,459 · management and general $56,012

• 19 · Conferences, conventions and meetings

  total $577,644 · program services $568,376 · management and general $9,268

• 20 · Interest

  total $481,672 · program services $481,672

• 22 · Depreciation, depletion and amortization

  total $1,865,711 · program services $1,865,711

• 23 · Insurance

  total $129,952 · management and general $129,952

• 24a · Other expenses: THERAPY

  total $363,045 · program services $261,076 · management and general $101,969

• 24b · Other expenses: RECRUITMENT

  total $164,744 · management and general $164,744

• 24c · Other expenses: RESIDENT AID SUBSIDY

  total $119,957 · program services $119,957

• 24d · Other expenses: EQUIPMENT REPAIR

  total $110,570 · program services $89,604 · management and general $20,966

• 24e · All other expenses

  total $92,702 · program services $67,977 · management and general $24,725

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,152,655 · end of year $485,712

• 2 · Savings and temporary cash investments

  beginning of year $65,608 · end of year $65,714

• 4 · Accounts receivable

  beginning of year $548,556 · end of year $546,679

• 8 · Inventories for sale or use

  beginning of year $57,100 · end of year $53,421

• 9 · Prepaid expenses and deferred charges

  beginning of year $81,799 · end of year $114,636

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

  $43,119,945

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

  $23,949,802

• 10c · Land, buildings and equipment, net

  beginning of year $19,714,573 · end of year $19,170,143

• 11 · Investments: publicly traded securities

  beginning of year $18,518,971 · end of year $16,618,085

• 15 · Other assets

  beginning of year $0 · end of year $80,943

• 17 · Accounts payable and accrued expenses

  beginning of year $1,219,158 · end of year $1,086,770

• 19 · Deferred revenue

  beginning of year $2,237,088 · end of year $2,732,827

• 20 · Tax-exempt bond liabilities

  beginning of year $13,560,747 · end of year $12,507,058

• 24 · Unsecured notes and loans payable

  beginning of year $227,234 · end of year $0

• 25 · Other liabilities

  beginning of year $155,000 · end of year $215,985

• 27 · Net assets without donor restrictions

  beginning of year $22,696,875 · end of year $20,524,068

• 28 · Net assets with donor restrictions

  beginning of year $43,160 · end of year $68,625

The filer's explanations (Part III)

PART I, LINE 3

ATTIC ANGEL ASSOCIATION IS THE EMPLOYER OF ALL THE EMPLOYEES OF ATTIC ANGEL ASSOCIATION, ATTIC ANGEL PLACE AND ATTIC ANGEL PRAIRIE POINT. THERE IS AN HR COMMITTEE THAT REPORTS TO THE BOARD OF DIRECTORS. QUARTERLY MEETINGS ARE HELD AND AT EVERY MEETING, MARKET PLACE DATA IS REVIEWED REGARDING COMPENSATION FOR ALL POSITIONS. THE CEO/PRESIDENT'S JOB DESCRIPTION IS REVIEWED ANNUALLY BY THE HR COMMITTEE AND SALARY RECOMMENDATIONS ARE MADE TO THE BOARD FOR APPROVAL AND IMPLEMENTED BY THE PAYROLL AREA. THE CHIEF ADMINISTRATIVE OFFICER AND HER HR TEAM REVIEW MARKET DATA THROUGH SALARY SURVEYS AND ONLINE MARKET COMPENSATION TOOLS. THE FINDINGS ARE DOCUMENTED IN A SCHEDULE THAT IS PRESENTED AT EACH OF THE QUARTERLY HR COMMITTEE MEETINGS. ANY RECOMMENDATIONS ARE DOCUMENTED IN THE MINUTES OF THE HR COMMITTEE AND ANY RECOMMENDATIONS APPROVED BY THE BOARD ARE APPROVED IN THE MINUTES OF THE BOARD MEETING.

PART I, LINES 4A-B

MARY ANN DRESCHER PARTICIPATED IN A 457(F) RETIREMENT PLAN. SHE RECEVIED A DEFERRED COMP PAYOUT OF $37,300 DURING THE YEAR. CHERYL MILLER, CHIEF ADMINISTRATIVE OFFICER, RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT TOTALLED TO $39,513.