Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $118,332

• 1f · All other contributions, gifts and grants

  $127,806

• 2a · Program service revenue: RESIDENT SERVICE REVENUE

  total $16,034,665 · related or exempt $16,034,665

• 3 · Investment income

  total $423,230 · excluded $423,230

• 7a · Gross sales of assets other than inventory

  securities $7,080,556

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

  securities $7,120,112

• 7c · Gain or loss

  securities -$39,556

• 7d · Net gain or loss

  total -$39,556 · excluded -$39,556

• 8a · Fundraising events: gross income

  $59,788

• 8b · Fundraising events: direct expenses

  $17,970

• 8c · Net income from fundraising events

  total $41,818 · excluded $41,818

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $376,466 · management and general $376,466

• 7 · Other salaries and wages

  total $8,208,753 · program services $7,158,089 · management and general $1,050,664

• 8 · Pension plan contributions

  total $259,126 · program services $216,362 · management and general $42,764

• 9 · Other employee benefits

  total $889,395 · program services $771,448 · management and general $117,947

• 10 · Payroll taxes

  total $666,824 · program services $559,354 · management and general $107,470

• 11a · Fees: management

  total $532,692 · program services $426,154 · management and general $106,538

• 11b · Fees: legal

  total $128,928 · management and general $128,928

• 11c · Fees: accounting

  total $45,300 · management and general $45,300

• 11f · Fees: investment management

  total $53,511 · program services $44,414 · management and general $9,097

• 11g · Fees: other

  total $552,265 · management and general $552,265

• 12 · Advertising and promotion

  total $110,289 · management and general $110,289

• 14 · Information technology

  total $311,694 · program services $249,355 · management and general $62,339

• 20 · Interest

  total $781,706 · program services $578,244 · management and general $203,462

• 22 · Depreciation, depletion and amortization

  total $1,818,050 · program services $1,397,311 · management and general $420,739

• 23 · Insurance

  total $209,035 · management and general $209,035

• 24a · Other expenses: RESIDENT CARE SERVICES

  total $2,719,161 · program services $2,675,961 · management and general $43,200

• 24b · Other expenses: FACILITY SERVICES

  total $845,397 · program services $655,775 · management and general $189,622

• 24c · Other expenses: CULINARY SERVICES

  total $618,973 · program services $612,036 · management and general $6,937

• 24d · Other expenses: ENVIRONMENTAL SERVICES

  total $157,848 · program services $119,622 · management and general $38,226

• 24e · All other expenses

  total $111,014 · management and general $31,167 · fundraising $79,847

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,595,273 · end of year $3,016,655

• 3 · Pledges and grants receivable

  beginning of year $51,574 · end of year $25,145

• 4 · Accounts receivable

  beginning of year $752,341 · end of year $964,205

• 9 · Prepaid expenses and deferred charges

  beginning of year $255,952 · end of year $212,232

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

  $44,769,468

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

  $13,619,736

• 10c · Land, buildings and equipment, net

  beginning of year $32,456,872 · end of year $31,149,732

• 11 · Investments: publicly traded securities

  beginning of year $16,225,650 · end of year $14,053,488

• 12 · Investments: other securities

  beginning of year $3,434,353 · end of year $3,880,338

• 17 · Accounts payable and accrued expenses

  beginning of year $974,945 · end of year $1,693,403

• 19 · Deferred revenue

  beginning of year $110,215 · end of year $111,787

• 23 · Secured mortgages and notes payable

  beginning of year $21,132,770 · end of year $19,350,105

• 27 · Net assets without donor restrictions

  beginning of year $32,978,597 · end of year $30,054,611

• 28 · Net assets with donor restrictions

  beginning of year $2,575,488 · end of year $2,091,889

The filer's explanations (Part III)

SCH J LINE 3

THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS IN CONSULTATION WITH STAFF OF THE KENDAL CORPORATION. THE COMPENSATION FOR ALL OTHER POSITIONS WITHIN THE ORGANIZATION, INCLUDING OTHER KEY PERSONNEL, ARE DETEREMINED ON AN ANNUAL BASIS BY THE EXECUTIVE DIRECTOR, THE CHIEF FINANCIAL OFFICER, AND THE HUMAN RESOURCES DIRECTOR BY UTILIZING COMPARATIVE DATA FROM TRADE ASSOCIATION SALARY SURVEYS AND LOCAL COMPETITORS.