Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT SERVICE FEES

  total $413,751 · related or exempt $413,751

• 6a · Gross rents

  real property $510

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $510

• 6d · Net rental income or loss

  total $510 · excluded $510

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $34,297 · management and general $34,297

• 8 · Pension plan contributions

  total $1,019 · management and general $1,019

• 9 · Other employee benefits

  total $357 · management and general $357

• 10 · Payroll taxes

  total $2,624 · management and general $2,624

• 11b · Fees: legal

  total $56,838 · management and general $56,838

• 11c · Fees: accounting

  total $5,640 · management and general $5,640

• 11g · Fees: other

  total $61,352 · program services $61,015 · management and general $337

• 13 · Office expenses

  total $9,975 · program services $5,059 · management and general $4,916

• 14 · Information technology

  total $5,650 · management and general $5,650

• 16 · Occupancy

  total $106,575 · program services $85,599 · management and general $20,976

• 20 · Interest

  total $322,434 · program services $290,191 · management and general $32,243

• 22 · Depreciation, depletion and amortization

  total $357,082 · program services $321,374 · management and general $35,708

• 23 · Insurance

  total $76,440 · management and general $76,440

• 24a · Other expenses: SHARED EXPENSE ALLOCATI

  total $185,950 · program services $185,950

• 24b · Other expenses: CORPORATE OVERHEAD

  total $34,694 · management and general $34,694

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $32,394 · program services $32,394

• 24d · Other expenses: PERSONAL SERVICES FOR R

  total $4,373 · program services $4,229 · management and general $144

• 24e · All other expenses

  total $3,355 · program services $219 · management and general $3,136

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250 · end of year $250

• 4 · Accounts receivable

  beginning of year $0 · end of year $1,663

• 9 · Prepaid expenses and deferred charges

  beginning of year $54 · end of year $20,976

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

  $12,971,112

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

  $4,556,427

• 10c · Land, buildings and equipment, net

  beginning of year $8,702,464 · end of year $8,414,685

• 14 · Intangible assets

  beginning of year $290,268 · end of year $248,800

• 17 · Accounts payable and accrued expenses

  beginning of year $41,821 · end of year $96,464

• 19 · Deferred revenue

  beginning of year $854,668 · end of year $742,463

• 23 · Secured mortgages and notes payable

  beginning of year $4,104,000 · end of year $3,560,997

• 25 · Other liabilities

  beginning of year $10,576,718 · end of year $11,757,409

• 27 · Net assets without donor restrictions

  beginning of year -$6,584,171 · end of year -$7,470,959

The filer's explanations (Part III)

PART I, LINE 3

THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, USES ALL OF THE ITEMS LISTED TO ESTABLISH COMPENSATION OF THE CEO.