Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $10,843

• 1f · All other contributions, gifts and grants

  $131,691

• 1g · Noncash contributions included above

  $24,470

• 2a · Program service revenue: MEDICARE/MEDICAID

  total $5,944,486 · related or exempt $5,944,486

• 2b · Program service revenue: PATIENT SERVICE REVENUE

  total $922,348 · related or exempt $922,348

• 2c · Program service revenue: RESIDENTIAL CARE FACILITY

  total $16,895,207 · related or exempt $16,758,156 · excluded $137,051

• 2d · Program service revenue: PHYSICAL THERAPY

  total $4,831,390 · related or exempt $4,831,390

• 2e · Program service revenue: OCCUPATIONAL/SPEECH THERAPY

  total $4,901,175 · related or exempt $4,901,175

• 2f · All other program service revenue

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

• 3 · Investment income

  total $480,518 · excluded $480,518

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $7,289,932 · other assets $12,260

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

  securities $6,921,556

• 7c · Gain or loss

  securities $368,376 · other assets $12,260

• 7d · Net gain or loss

  total $380,636 · excluded $380,636

• 8a · Fundraising events: gross income

  $90,641

• 8a · Fundraising events: contributions included on line 1c

  $10,843

• 8b · Fundraising events: direct expenses

  $18,487

• 8c · Net income from fundraising events

  total $72,154 · excluded $72,154

• 10a · Gross sales of inventory

  $45,561

• 10c · Net income from sales of inventory

  total $45,561 · excluded $45,561

• 11a · Other revenue: MEALS/VENDING MACHINE

  total $5,774 · excluded $5,774

• 11d · All other revenue

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

• 11e · Other revenue, total

  $5,774

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $693,897 · program services $173,474 · management and general $520,423

• 6 · Compensation of disqualified persons

  total $394,843 · program services $355,359 · management and general $39,484

• 7 · Other salaries and wages

  total $15,068,189 · program services $13,426,386 · management and general $1,487,986 · fundraising $153,817

• 8 · Pension plan contributions

  total $185,176 · program services $149,686 · management and general $31,218 · fundraising $4,272

• 9 · Other employee benefits

  total $1,696,928 · program services $1,414,252 · management and general $270,671 · fundraising $12,005

• 10 · Payroll taxes

  total $1,163,612 · program services $1,026,550 · management and general $125,456 · fundraising $11,606

• 11b · Fees: legal

  total $108,793 · management and general $108,793

• 11c · Fees: accounting

  total $162,616 · management and general $162,616

• 11f · Fees: investment management

  total $68,269 · management and general $68,269

• 11g · Fees: other

  total $4,986,308 · program services $4,678,986 · management and general $293,137 · fundraising $14,185

• 12 · Advertising and promotion

  total $378,400 · program services $16,653 · management and general $361,747

• 13 · Office expenses

  total $1,859,218 · program services $1,715,937 · management and general $135,277 · fundraising $8,004

• 14 · Information technology

  total $49,202 · program services $35,244 · management and general $13,958

• 16 · Occupancy

  total $43,234 · program services $43,234

• 17 · Travel

  total $53,397 · program services $16,784 · management and general $36,513 · fundraising $100

• 19 · Conferences, conventions and meetings

  total $37,617 · program services $36,026 · management and general $1,591

• 20 · Interest

  total $1,272,431 · program services $1,207,452 · management and general $64,979

• 22 · Depreciation, depletion and amortization

  total $2,174,816 · program services $2,038,325 · management and general $136,491

• 23 · Insurance

  total $461,612 · program services $415,023 · management and general $46,589

• 24a · Other expenses: MEDICAL SUPPLIES

  total $1,640,142 · program services $1,640,142

• 24b · Other expenses: RESIDENT FOOD

  total $1,137,589 · program services $1,137,589

• 24c · Other expenses: BEAUTY SHOP

  total $89,922 · program services $89,922

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $75,786 · program services $75,786

• 24e · All other expenses

  total $165,564 · program services $4,027 · management and general $155,474 · fundraising $6,063

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,130,870 · end of year $2,275,554

• 2 · Savings and temporary cash investments

  beginning of year $4,034,689 · end of year $3,143,909

• 4 · Accounts receivable

  beginning of year $1,779,643 · end of year $2,165,711

• 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

• 8 · Inventories for sale or use

  beginning of year $154,782 · end of year $190,025

• 9 · Prepaid expenses and deferred charges

  beginning of year $481,779 · end of year $527,479

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

  $60,213,032

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

  $26,400,627

• 10c · Land, buildings and equipment, net

  beginning of year $34,975,274 · end of year $33,812,405

• 11 · Investments: publicly traded securities

  beginning of year $15,504,204 · end of year $16,867,398

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $2,323,814 · end of year $2,472,060

• 17 · Accounts payable and accrued expenses

  beginning of year $3,697,357 · end of year $3,874,651

• 19 · Deferred revenue

  beginning of year $280,915 · end of year $313,082

• 20 · Tax-exempt bond liabilities

  beginning of year $37,096,532 · end of year $36,051,717

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $31,659 · end of year $267,686

• 27 · Net assets without donor restrictions

  beginning of year $18,997,101 · end of year $20,676,935

• 28 · Net assets with donor restrictions

  beginning of year $281,491 · end of year $270,470

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

OUR CEO, ROBERT GOERZEN, RECEVED A NONTAXABLE MINISTERS HOUSING ALLOWANCE INCLUDED IN OTHER NONTAXABLE BENEFITS REPORTED ON 990 PART VII, SECTION A, AND SCHEDULE J, PART II.

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

THE ORGANIZATION PAID BONUSES TO THEIR HIGHEST COMPENSATED EMPLOYEES DURING FYE 6/30/2025. THE FREQUENCY AND AMOUNT OF THE BONUS IS DETERMINED BY THE CEO AND IS BASED ON FACTORS SUCH AS OVERALL PERFORMANCE OF THE ENTITY. THE ORGANIZATION DOES NOT HAVE ANY EMPLOYMENT CONTRACTS THAT OBLIGATE THE PAYMENT OF BONUSES IN THE FUTURE. THE GOVERNING BOARD APPROVED PAYMENT OF BONUSES TO THEIR OFFICERS DURING FYE 6/30/2025. BONUSES ARE BASED ON COMPENSATION SHOWN IN THE CONTINUING CARE RETIREMENT COMMUNITY SALARY AND BENEFIT REPORT. THE GOVERNING BOARD ASSESSES OFFICER PERFORMANCE AND REVIEWS THE SALARY AND BENEFIT REPORT TO DETERMINE THE AMOUNT OF BONUS TO BE PAID.