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Nonprofiteer
← FINNISH AMERICAN REST HOME INC

Form 990 for tax year 2022

Filed by FINNISH AMERICAN REST HOME INC.

Totals

Total revenue
$8,881,904
Total expenses
$7,006,838
Contributions and grants received
$2,198,153
Grants paid
$6,799
Program service revenue
$6,682,950
Investment income
$801
Other revenue
$0
Total assets, end of year
$6,102,750
Total liabilities, end of year
$245,249
Net assets or fund balances, end of year
$5,857,501
Program services expenses (Part IX)
$5,719,057
Management and general expenses
$1,287,781
Fundraising expenses
$0
Program service expenses (Part III)
$5,719,057

Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,579,459

  • 1f · All other contributions, gifts and grants

    $618,694

  • 2a · Program service revenue: NET RESIDENT SERVICE REVENUE

    total $6,620,802 · related or exempt $6,620,802

  • 2b · Program service revenue: OTHER RESIDENT SERVICES

    total $62,148 · related or exempt $62,148

  • 3 · Investment income

    total $801 · excluded $801

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,799 · program services $6,799

  • 5 · Compensation of officers, directors and key employees

    total $152,506 · management and general $152,506

  • 7 · Other salaries and wages

    total $3,528,784 · program services $3,326,501 · management and general $202,283

  • 9 · Other employee benefits

    total $337,104 · program services $304,615 · management and general $32,489

  • 10 · Payroll taxes

    total $292,760 · program services $264,545 · management and general $28,215

  • 11b · Fees: legal

    total $98,809 · management and general $98,809

  • 11c · Fees: accounting

    total $24,544 · management and general $24,544

  • 11g · Fees: other

    total $321,322 · program services $292,727 · management and general $28,595

  • 12 · Advertising and promotion

    total $41,211 · management and general $41,211

  • 13 · Office expenses

    total $158,767 · program services $1,566 · management and general $157,201

  • 14 · Information technology

    total $95,458 · management and general $95,458

  • 16 · Occupancy

    total $437,919 · program services $437,919

  • 17 · Travel

    total $11,508 · program services $11,508

  • 20 · Interest

    total $27,772 · program services $27,772

  • 22 · Depreciation, depletion and amortization

    total $271,642 · program services $271,642

  • 23 · Insurance

    total $360,264 · management and general $360,264

  • 24a · Other expenses: FOOD

    total $299,264 · program services $299,264

  • 24b · Other expenses: SUPPLIES

    total $293,830 · program services $293,830

  • 24c · Other expenses: EQUIPMENT

    total $87,285 · program services $83,405 · management and general $3,880

  • 24d · Other expenses: HOME CARE EXPENSES

    total $56,864 · program services $56,864

  • 24e · All other expenses

    total $102,426 · program services $40,100 · management and general $62,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,989 · end of year $1,968,799

  • 2 · Savings and temporary cash investments

    beginning of year $8,158 · end of year $12,923

  • 4 · Accounts receivable

    beginning of year $3,139,756 · end of year $3,139,755

  • 8 · Inventories for sale or use

    beginning of year $22,891 · end of year $22,891

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

    $8,908,675

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

    $8,229,229

  • 10c · Land, buildings and equipment, net

    beginning of year $932,897 · end of year $679,446

  • 12 · Investments: other securities

    beginning of year $278,936 · end of year $278,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $406,077 · end of year $231,134

  • 21 · Escrow or custodial account liability

    beginning of year $14,115 · end of year $14,115

  • 27 · Net assets without donor restrictions

    beginning of year $3,982,435 · end of year $5,857,501

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO CARE FOR ITS ELDERLY RESIDENTS IN A DIGNIFIED AND FRIENDLY MANNER IN A FAMILY-LIKE ENVIRONMENT. IT STRIVES TO IMPROVE THE RESIDENTS' QUALITY OF LIFE AND MEET THEIR INDIVIDUAL NEEDS.

Activities or mission (Part I)

OPERATION OF A HOME FOR THE ELDERLY TO CARE FOR RESIDENTS IN A DIGNIFIED AND FRIENDLY MANNER.

  • THE PRIMARY ACTIVTY OF THIS ORGANIZATION IS TO CARE FOR ITS ELDERLY RESIDENTS IN A DIGNIFIED MANNER.SEE SCHEDULE O FOR ADDITIONAL INFORMATION:SKILLED NURSING FACILITY: THE ORGANIZATION OPERATES A 45-BED SKILLED NURSING HOME THAT PROVIDES LIVING AND MEDICAL SERVICES TO PRIVATE RESIDENTS AND TO BENEFICIARIES OF STATE AND FEDERAL PROGRAMS. ASSISTED LIVING FACILITY: THE ORGANIZATION OPERATES AN ASSISTED LIVING FACILITY THAT HAS THE CAPACITY TO PROVIDE LIVING AND MEDICAL SERVICES FOR AS MANY AS 120 PRIVATE RESIDENTS. NURSE REGISTRY: THE ORGANIZATION OPERATES A NURSE REGISTRY THAT HAS THE CAPACITY TO PROVIDE HEALTHCARE SERVICES TO PRIVATE RESIDENTS IN THEIR HOMES.

    Expenses $5,719,057 · Grants $6,799 · Revenue $6,682,950

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lila Lane

    CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Harry Manner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Tia Wright

    SECRETARY

    Total calculated
    $0
    Hours/week
    24

  • Daniel Benson

    EXECUTIVE DIRECTOR

    Total calculated
    $152,506
    From this org
    $152,506
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,622
    Bonus
    $37,884
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,506

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ST ANDREW'S LUTHERAN CHURCH OF LAKE WORTH INC

    $5,400

    ASSIST WITH PROVIDING MEALS FOR THE LOCAL COMMUNITY

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202430859349300028

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