Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $16,990

• 1e · Government grants (contributions)

  $9,600

• 2a · Program service revenue: SENIOR SERVICES

  total $18,344,641 · related or exempt $18,344,641

• 2b · Program service revenue: DEVELOPMENT FEES

  total $221,776 · related or exempt $221,776

• 2c · Program service revenue: MANAGEMENT FEES

  total $215,078 · related or exempt $215,078

• 2d · Program service revenue: TABITHA HOME HEALTH AN

  total -$282,830 · related or exempt -$282,830

• 2f · All other program service revenue

  total $55,890 · related or exempt $55,890

• 3 · Investment income

  total $4,936,959 · unrelated business $38,451 · excluded $4,898,508

• 6a · Gross rents

  real property $1,206,766

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,206,766

• 6d · Net rental income or loss

  total $1,206,766 · excluded $1,206,766

• 7a · Gross sales of assets other than inventory

  securities $34,745,046 · other assets $79,200

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $34,745,046 · other assets $79,200

• 7d · Net gain or loss

  total $34,824,246 · excluded $34,824,246

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $349,614 · program services $349,614

• 5 · Compensation of officers, directors and key employees

  total $1,875,091 · program services $1,301,824 · management and general $573,267

• 6 · Compensation of disqualified persons

  total $129,787 · program services $129,787

• 7 · Other salaries and wages

  total $7,992,777 · program services $7,992,777

• 8 · Pension plan contributions

  total $328,465 · program services $328,465

• 10 · Payroll taxes

  total $1,320,271 · program services $1,320,271

• 11a · Fees: management

  total $41,766 · management and general $41,766

• 11b · Fees: legal

  total $62,706 · management and general $62,706

• 11c · Fees: accounting

  total $121,745 · management and general $121,745

• 11f · Fees: investment management

  total $1,617,715 · management and general $1,617,715

• 11g · Fees: other

  total $539,341 · program services $539,341

• 12 · Advertising and promotion

  total $1,040,529 · program services $1,037,013 · management and general $3,516

• 13 · Office expenses

  total $788,793 · program services $569,604 · management and general $219,189

• 14 · Information technology

  total $2,288,345 · program services $2,026,230 · management and general $262,115

• 16 · Occupancy

  total $2,205,064 · program services $951,048 · management and general $1,254,016

• 17 · Travel

  total $262,489 · program services $178,787 · management and general $83,702

• 19 · Conferences, conventions and meetings

  total $365,654 · program services $169,377 · management and general $196,277

• 20 · Interest

  total $2,031,760 · management and general $2,031,760

• 22 · Depreciation, depletion and amortization

  total $9,176,576 · program services $7,683,909 · management and general $1,492,667

• 23 · Insurance

  total $734,767 · management and general $734,767

• 24a · Other expenses: FOOD

  total $1,172,687 · program services $1,172,687

• 24b · Other expenses: LICENSE AND PERMITS

  total $242,729 · program services $42,164 · management and general $200,565

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year -$1

• 2 · Savings and temporary cash investments

  beginning of year $17,296,261 · end of year $11,690,073

• 4 · Accounts receivable

  beginning of year $2,865,886 · end of year $1,303,097

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,023,531 · end of year $644,180

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

  $105,995,227

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

  $22,844,924

• 10c · Land, buildings and equipment, net

  beginning of year $69,581,043 · end of year $83,150,303

• 11 · Investments: publicly traded securities

  beginning of year $326,037,817 · end of year $305,958,307

• 12 · Investments: other securities

  beginning of year $236,405,693 · end of year $277,247,528

• 13 · Investments: program-related

  beginning of year $6,658,518 · end of year $6,375,704

• 14 · Intangible assets

  beginning of year $48,454,417 · end of year $43,097,798

• 15 · Other assets

  beginning of year $7,956,844 · end of year $18,271,510

• 17 · Accounts payable and accrued expenses

  beginning of year $8,641,437 · end of year $12,903,390

• 19 · Deferred revenue

  end of year $2,794,315

• 21 · Escrow or custodial account liability

  beginning of year $57,413,086 · end of year $64,701,767

• 23 · Secured mortgages and notes payable

  end of year $250,000

• 24 · Unsecured notes and loans payable

  beginning of year $40,000,000 · end of year $40,000,000

• 25 · Other liabilities

  beginning of year $66,519,737 · end of year $61,104,771

• 27 · Net assets without donor restrictions

  beginning of year $543,705,750 · end of year $565,984,256

The filer's explanations (Part III)

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, 2023, 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 GURLEY, SCOTT BEAR, JULIE PALADINO-KAMINSKI, TAMMY SEALER, RHONDA DISTEFANO, ADAM KUENNING, ELIZABETH HARRIS, DEVIN FOX, MD, AND SCOTT GROTH IS BASED ON AN OPERATING MARGIN CALCULATION OF IMMANUEL AND RELATED TAX-EXEMPT ORGANIZATIONS.

Disregarded entities

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

• IMMANUEL ELDERLY HOUSING LLC

  ELDERLY AND LOW INCOME HOUSING · NE · income $470,904 · assets $1,430,171

  Directly controlled by IMMANUEL

• IRC III LLC

  ELDERLY HOUSING · NE · income $20,310,078 · assets $49,037,829

  Directly controlled by IMMANUEL

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MERGANSER INTERMEDIATE TERM BOND FUND II LLC

  EXCLUDED · INVESTMENT · MA · 83.02% owned · share of income $10,872 · share of assets $5,260,073

  Directly controlled by IMMANUEL