Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,990,211

• 1f · All other contributions, gifts and grants

  $7,242,703

• 1g · Noncash contributions included above

  $3,901,624

• 2a · Program service revenue: HEALTH SERVICES REVENU

  total $12,181,998 · related or exempt $12,181,998

• 2b · Program service revenue: RESIDENT SERVICES

  total $6,272,464 · related or exempt $6,272,464

• 3 · Investment income

  total $505,395 · excluded $505,395

• 6a · Gross rents

  real property $36,067

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $36,067

• 6d · Net rental income or loss

  total $36,067 · excluded $36,067

• 7a · Gross sales of assets other than inventory

  securities $1,193,189 · other assets $337,682

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

  securities $1,074,567 · other assets $373,082

• 7c · Gain or loss

  securities $118,622 · other assets -$35,400

• 7d · Net gain or loss

  total $83,222 · excluded $83,222

• 11a · Other revenue: MISCELLANEOUS INCOME

  total -$466 · excluded -$466

• 11b · Other revenue: DEBT EXTINGUISHMENT

  total -$397,078 · excluded -$397,078

• 11e · Other revenue, total

  -$397,544

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $9,184,380 · program services $9,091,066 · management and general $93,314

• 8 · Pension plan contributions

  total $124,922 · program services $123,653 · management and general $1,269

• 9 · Other employee benefits

  total $945,343 · program services $935,738 · management and general $9,605

• 10 · Payroll taxes

  total $748,374 · program services $740,770 · management and general $7,604

• 11a · Fees: management

  total $1,461,234 · program services $79,687 · management and general $1,381,547

• 11b · Fees: legal

  total $54,596 · management and general $54,596

• 11c · Fees: accounting

  total $115,607 · management and general $115,607

• 11f · Fees: investment management

  total $89,900 · management and general $89,900

• 11g · Fees: other

  total $883,739 · program services $881,564 · fundraising $2,175

• 12 · Advertising and promotion

  total $270,443 · program services $257,853 · fundraising $12,590

• 13 · Office expenses

  total $202,646 · program services $202,646

• 14 · Information technology

  total $636,916 · program services $636,916

• 16 · Occupancy

  total $1,362,088 · program services $1,362,088

• 17 · Travel

  total $45,334 · program services $45,334

• 20 · Interest

  total $1,520,924 · management and general $1,520,924

• 22 · Depreciation, depletion and amortization

  total $2,064,664 · program services $2,064,664

• 23 · Insurance

  total $501,740 · program services $501,740

• 24a · Other expenses: FOOD

  total $3,627,784 · program services $3,627,784

• 24b · Other expenses: ECA EXPENSE ALLOCATION

  total $1,022,945 · program services $517,137 · management and general $505,808

• 24c · Other expenses: MEDICAL SUPPLIES

  total $907,652 · program services $907,652

• 24d · Other expenses: SUPPLIES

  total $199,789 · program services $199,789

• 24e · All other expenses

  total $1,808,856 · program services $1,283,128 · management and general $525,528 · fundraising $200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,328,717 · end of year $1,728,900

• 3 · Pledges and grants receivable

  beginning of year $1,075,959 · end of year $3,853,959

• 4 · Accounts receivable

  beginning of year $3,275,360 · end of year $2,307,284

• 8 · Inventories for sale or use

  end of year $118,858

• 9 · Prepaid expenses and deferred charges

  beginning of year $196,336 · end of year $185,405

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

  $48,879,532

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

  $10,434,617

• 10c · Land, buildings and equipment, net

  beginning of year $40,136,171 · end of year $38,444,915

• 11 · Investments: publicly traded securities

  beginning of year $10,496,306 · end of year $11,232,793

• 15 · Other assets

  beginning of year $2,533,336 · end of year $4,058,917

• 17 · Accounts payable and accrued expenses

  beginning of year $2,104,019 · end of year $1,897,605

• 19 · Deferred revenue

  end of year $29,600

• 21 · Escrow or custodial account liability

  beginning of year $4,270 · end of year $4,330

• 24 · Unsecured notes and loans payable

  beginning of year $24,245,142 · end of year $23,811,793

• 25 · Other liabilities

  beginning of year $1,777,079 · end of year $3,967,015

• 27 · Net assets without donor restrictions

  beginning of year $25,558,928 · end of year $27,170,000

• 28 · Net assets with donor restrictions

  beginning of year $5,352,747 · end of year $5,050,688

The filer's explanations (Part III)

PART I, LINE 3

THE MANAGEMENT COMPANY AND RELATED ORGANIZATION, ELDER CARE ALLIANCE (ECA), USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• TRANSFORMING AGE VENTURES INC

  C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

• SENIOR HOUSING ASSISTANCE CORPORATION

  C · LOW-INCOME HOUSING · WA