Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $89,200

• 1f · All other contributions, gifts and grants

  $274,253

• 2a · Program service revenue: Medicare and Medicaid payments

  total $14,261,268 · related or exempt $14,261,268

• 2b · Program service revenue: Private revenue

  total $3,477,014 · related or exempt $3,477,014

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $47,152 · excluded $47,152

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $387,118

• 7c · Gain or loss

  securities $387,118 · other assets $0

• 7d · Net gain or loss

  total $387,118 · excluded $387,118

• 11a · Other revenue: Other

  total $65,706 · excluded $65,706

• 11b · Other revenue: Rebates and Refunds

  total $26,096 · excluded $26,096

• 11c · Other revenue: Employee & Guest Meals

  total $5,782 · excluded $5,782

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $97,584

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $7,104,796 · program services $6,560,660 · management and general $544,136

• 8 · Pension plan contributions

  total $89,382 · program services $80,549 · management and general $8,833

• 9 · Other employee benefits

  total $596,742 · program services $557,718 · management and general $39,024

• 10 · Payroll taxes

  total $600,091 · program services $546,767 · management and general $53,324

• 11a · Fees: management

  total $900,000 · management and general $900,000

• 11b · Fees: legal

  total $42,255 · management and general $42,255

• 11c · Fees: accounting

  total $48,729 · management and general $48,729

• 11g · Fees: other

  total $1,130,985 · program services $1,130,985 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $40,857 · management and general $40,857

• 13 · Office expenses

  total $97,075 · management and general $97,075

• 16 · Occupancy

  total $1,674,290 · program services $1,674,290

• 17 · Travel

  total $11,667 · management and general $11,667

• 19 · Conferences, conventions and meetings

  total $33,135 · management and general $33,135

• 20 · Interest

  total $1,804,385 · program services $1,804,385

• 22 · Depreciation, depletion and amortization

  total $480,355 · program services $480,355

• 23 · Insurance

  total $509,873 · program services $63,954 · management and general $445,919

• 24a · Other expenses: Dietary Contract Services

  total $1,552,787 · program services $1,552,787

• 24b · Other expenses: Physical, OT, and Speech Therapy Services

  total $1,006,603 · program services $1,006,603

• 24c · Other expenses: Supplies

  total $948,782 · program services $930,069 · management and general $18,713

• 24d · Other expenses: Medicaid Provider Fee

  total $587,811 · program services $587,811

• 24e · All other expenses

  total $265,352 · program services $354,748 · management and general -$89,396 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,058,924 · end of year $1,294,104

• 4 · Accounts receivable

  beginning of year $1,317,930 · end of year $1,324,758

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $22,651,750 · end of year $22,651,750

• 9 · Prepaid expenses and deferred charges

  beginning of year $96,365 · end of year $94,882

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

  $4,226,644

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

  $1,325,560

• 10c · Land, buildings and equipment, net

  beginning of year $3,025,626 · end of year $2,901,084

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $13,672,368 · end of year $13,255,365

• 15 · Other assets

  beginning of year $7,562,411 · end of year $8,588,573

• 17 · Accounts payable and accrued expenses

  beginning of year $1,620,095 · end of year $839,119

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $39,615,080 · end of year $23,604,542

• 25 · Other liabilities

  beginning of year $186,178 · end of year $15,991,636

• 27 · Net assets without donor restrictions

  beginning of year $10,964,021 · end of year $9,675,219

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

Bonus based on cash flow and patient care outcomes.

Schedule J, Part I, Line 3

The CEO of A.G. Rhodes Health & Rehab Management, Inc. is the de facto CEO of the Organization. The Board of Trustees of A.G. Rhodes Homes approves the CEO's compensation.