Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,449,962

• 1g · Noncash contributions included above

  $5,247

• 2a · Program service revenue: RESIDENT SERVICE FEES

  total $21,483,967 · related or exempt $21,483,967

• 2b · Program service revenue: AMORTIZATION OF ENTRANCE FEE

  total $8,295,630 · related or exempt $8,295,630

• 2c · Program service revenue: HEALTH CARE REVENUE

  total $6,622,807 · related or exempt $6,622,807

• 2d · Program service revenue: TERMINATION FEES

  total $1,125,369 · related or exempt $1,125,369

• 2e · Program service revenue: ANCILLARY REVENUE

  total $1,054,106 · related or exempt $1,054,106

• 3 · Investment income

  total $1,664,983 · excluded $1,664,983

• 7a · Gross sales of assets other than inventory

  securities $22,699,739

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

  securities $20,711,615

• 7c · Gain or loss

  securities $1,988,124

• 7d · Net gain or loss

  total $1,988,124 · excluded $1,988,124

• 11a · Other revenue: MANAGEMENT FEE

  total $46,295 · excluded $46,295

• 11e · Other revenue, total

  $46,295

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $27,148 · program services $27,148

• 5 · Compensation of officers, directors and key employees

  total $562,306 · management and general $562,306

• 7 · Other salaries and wages

  total $8,130,073 · program services $7,766,745 · management and general $363,328

• 8 · Pension plan contributions

  total $301,893 · program services $282,043 · management and general $19,850

• 9 · Other employee benefits

  total $7,637,576 · program services $6,895,476 · management and general $742,100

• 10 · Payroll taxes

  total $1,069,093 · program services $960,622 · management and general $108,471

• 11b · Fees: legal

  total $81,181 · management and general $81,181

• 11c · Fees: accounting

  total $84,890 · management and general $84,890

• 11f · Fees: investment management

  total $232,752 · management and general $232,752

• 11g · Fees: other

  total $915,806 · management and general $915,806

• 12 · Advertising and promotion

  total $16,000 · program services $16,000

• 13 · Office expenses

  total $1,216,244 · program services $1,015,292 · management and general $200,952

• 14 · Information technology

  total $110,122 · management and general $110,122

• 16 · Occupancy

  total $4,457,646 · program services $4,214,235 · management and general $243,411

• 20 · Interest

  total $2,850,224 · program services $2,837,061 · management and general $13,163

• 22 · Depreciation, depletion and amortization

  total $6,795,532 · program services $6,764,148 · management and general $31,384

• 23 · Insurance

  total $563,207 · program services $560,606 · management and general $2,601

• 24a · Other expenses: DINING

  total $2,367,741 · program services $2,326,763 · management and general $40,978

• 24b · Other expenses: NURSE/THERAPY/ANCILLARY

  total $306,051 · program services $306,051

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $800

• 2 · Savings and temporary cash investments

  beginning of year $10,134,613 · end of year $11,285,690

• 4 · Accounts receivable

  beginning of year $710,957 · end of year $645,211

• 9 · Prepaid expenses and deferred charges

  beginning of year $718,021 · end of year $818,986

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

  $166,621,743

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

  $82,186,676

• 10c · Land, buildings and equipment, net

  beginning of year $85,432,126 · end of year $84,435,067

• 11 · Investments: publicly traded securities

  beginning of year $43,549,851 · end of year $54,514,843

• 17 · Accounts payable and accrued expenses

  beginning of year $2,715,379 · end of year $3,165,675

• 19 · Deferred revenue

  beginning of year $69,874,361 · end of year $73,113,639

• 20 · Tax-exempt bond liabilities

  beginning of year $75,930,357 · end of year $73,348,264

• 25 · Other liabilities

  beginning of year $4,668,006 · end of year $4,737,241

• 27 · Net assets without donor restrictions

  beginning of year -$18,883,143 · end of year -$10,032,207

• 28 · Net assets with donor restrictions

  beginning of year $6,241,108 · end of year $7,367,985

The filer's explanations (Part III)

PART I, LINE 7

DIRECTOR LEVEL BONUSES ARE DISCRETIONARY NON-FIXED PAYMENTS. THE BONUS IS INCLUDED IN EACH EMPLOYEE'S W-2 COMPENSATION. BONUSES ARE DETERMINED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. THE CEO BONUS IS DETERMINED IN LINE WITH THE OTHER DISCRETIONARY BONUSES, BUT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE FOLLOWING EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A RECEIVED A BONUS IN 2025: MEAGAN BUCKLEY, CEO & PRESIDENT - $39,750 HEATHER FILONOW, DIRECTOR OF HEALTH SERVICES - $6,500 KATE HAYS, DIRECTOR OF DINING - $6,500 LESLIE PARKER, DIRECTOR OF ENVIRONMENTAL SERVICES - $6,500 MARYBETH DUDLEY, DIRECTOR OF MARKETING - $6,500 MARYSUE KELSEN, CFO, SECRETARY & TREASURER - $6,500 TENZIN TSEPHAL, STAFF NURSE-RN - $1,595

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WAKE ROBIN MANAGEMENT LLC

  MANAGEMENT SERVICES TO SENIOR LIVING FACILITY · VT · income $0 · assets $0

  Directly controlled by WAKE ROBIN CORPORATION