Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $97,177

• 1e · Government grants (contributions)

  $26,400

• 2a · Program service revenue: ASSISTED LIVING REVENU

  total $1,717,700 · related or exempt $1,717,700

• 2b · Program service revenue: NET RENTAL INCOME

  total $535,410 · related or exempt $535,410

• 2f · All other program service revenue

  total $32,645 · related or exempt $32,645

• 3 · Investment income

  total $3,615 · excluded $3,615

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,482,645 · program services $1,271,278 · management and general $211,367

• 8 · Pension plan contributions

  total $33,417 · program services $33,417

• 9 · Other employee benefits

  total $179,184 · program services $170,706 · management and general $8,478

• 10 · Payroll taxes

  total $106,762 · program services $106,762

• 11c · Fees: accounting

  total $17,475 · management and general $17,475

• 11g · Fees: other

  total $139,879 · program services $108,112 · management and general $31,767

• 13 · Office expenses

  total $148,516 · program services $117,054 · management and general $31,462

• 14 · Information technology

  total $3,145 · management and general $3,145

• 16 · Occupancy

  total $45,969 · program services $45,969

• 17 · Travel

  total $13,102 · program services $11,617 · management and general $1,485

• 22 · Depreciation, depletion and amortization

  total $160,738 · program services $160,738

• 23 · Insurance

  total $40,254 · program services $40,254

• 24a · Other expenses: FOOD EXPENSE

  total $145,116 · program services $144,982 · management and general $134

• 24b · Other expenses: BAD DEBT

  total $6,705 · management and general $6,705

• 24c · Other expenses: MEMBERSHIPS AND DUES

  total $6,496 · program services $477 · management and general $6,019

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $4,902 · end of year $7,500

• 4 · Accounts receivable

  beginning of year $175,048 · end of year $141,753

• 9 · Prepaid expenses and deferred charges

  beginning of year $16,500 · end of year $16,500

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

  $7,066,113

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

  $6,160,437

• 10c · Land, buildings and equipment, net

  beginning of year $1,033,230 · end of year $905,676

• 15 · Other assets

  beginning of year $1,412,243 · end of year $1,434,623

• 17 · Accounts payable and accrued expenses

  beginning of year $149,285 · end of year $175,383

• 25 · Other liabilities

  beginning of year $603,219 · end of year $557,706

• 27 · Net assets without donor restrictions

  beginning of year -$2,501,381 · end of year -$2,617,837

• 28 · Net assets with donor restrictions

  beginning of year $4,390,800 · end of year $4,390,800

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATED OFFICERS ARE EMPLOYEES OF IMMANUEL, A RELATED ENTITY. THE BOARD'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE THE TOTAL COMPENSATION FOR ERIC GURLEY, AND TO APPROVE THE BONUS PLAN AND PAYOUT OF BONUSES TO THE LEADERSHIP TEAM. THE COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP SET SALARIES AND BENEFITS.

PART I, LINE 4B

ERIC N. GURLEY, PRESIDENT & CEO, PARTICIPATED IN AN ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN AND DEFERRED COMPENSATION PLAN THAT MEET THE REQUIREMENTS OF SECTIONS 409A AND 457(F). BOTH PLANS ARE SPONSORED BY IMMANUEL. AS OF DECEMBER 31, 2022, ERIC GURLEY'S DEFERRED COMPENSATION ACCOUNT WAS CREDITED WITH $199,012. PREMIUMS OF $157,474 WERE PAID FOR THE ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN POLICY. UNDER THE PLAN, IMMANUEL ENDORSES TO ERIC GURLEY THE RIGHT TO DESIGNATE A BENEFICIARY FOR THE PORTION OF THE DEATH BENEFIT IN EXCESS OF THE GREATER OF THE CASH SURRENDER VALUE OR PREMIUMS PAID. THE VALUE OF THAT RIGHT, WHICH WAS INCLUDED IN ERIC GURLEY'S REPORTABLE COMPENSATION, WAS $3,494. AS OF JUNE 30, 2023, THE DEATH BENEFIT IN EXCESS OF PREMIUMS PAID WAS $2,859,477.

PART I, LINE 6

THE ORGANIZATION DOES NOT PAY OR ACCRUE ANY COMPENSATION BASED ON THE REVENUES OR THE NET EARNINGS OF THE ORGANIZATION OR ANY RELATED ORGANIZATION. HOWEVER, A SMALL PERCENTAGE OF THE BONUSES PAID TO ERIC N. GURLEY, JULIE PALADINO-KAMINSKI, SCOTT BEAR, TAMMY SEALER, RHONDA DISTEFANO, JOHN CROGHAN, ELIZABETH HARRIS, DEVIN FOX, MD, AND SCOTT GROTH IS BASED ON AN OPERATING MARGIN CALCULATION OF IMMANUEL AND RELATED TAX-EXEMPT ORGANIZATIONS.