Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,253,758

• 2a · Program service revenue: LIFE CARE COMMUNITIES

  total $4,390,441 · related or exempt $4,390,441

• 2b · Program service revenue: LAND LEASE

  total $1,085,086 · related or exempt $1,085,086

• 2c · Program service revenue: HEALTH AND WELLBEING

  total $44,985 · related or exempt $44,985

• 2d · Program service revenue: OTHER REVENUE

  total $14,509 · related or exempt $14,509

• 3 · Investment income

  total $2,652,002 · unrelated business $871,264 · excluded $1,780,738

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $718,158

• 6c · Rental income or loss

  real property $718,158 · personal property $0

• 6d · Net rental income or loss

  total $718,158 · excluded $718,158

• 7a · Gross sales of assets other than inventory

  securities $25,198,234

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

  securities $23,234,300

• 7c · Gain or loss

  securities $1,963,934

• 7d · Net gain or loss

  total $1,963,934 · excluded $1,963,934

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: GAIN ON EQUITY INVESTEE

  total $582,441 · excluded $582,441

• 11b · Other revenue: LATE FEES

  total $9,720 · related or exempt $9,720

• 11c · Other revenue: EXPENSE RECAPTURE

  total $890 · related or exempt $890

• 11e · Other revenue, total

  $593,051

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,307,028 · program services $2,307,028

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,677,717 · program services $365,910 · management and general $1,311,807

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $4,465,656 · program services $4,225,398 · management and general $240,258

• 8 · Pension plan contributions

  total $121,956 · program services $121,956

• 9 · Other employee benefits

  total $609,712 · program services $609,712

• 10 · Payroll taxes

  total $432,596 · program services $346,459 · management and general $86,137

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $7,180 · management and general $7,180

• 11c · Fees: accounting

  total $129,378 · management and general $129,378

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $1,776,375 · program services $1,633,561 · management and general $142,814

• 12 · Advertising and promotion

  total $170,838 · program services $129,289 · management and general $41,549

• 13 · Office expenses

  total $875,387 · program services $635,434 · management and general $239,953

• 14 · Information technology

  total $457,399 · program services $336,903 · management and general $120,496

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $695,813 · program services $218,873 · management and general $476,940

• 17 · Travel

  total $63,456 · program services $32,791 · management and general $30,665

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $94,714 · program services $94,587 · management and general $127

• 20 · Interest

  total $1,865,065 · program services $1,865,065

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $966,191 · program services $594,961 · management and general $371,230

• 23 · Insurance

  total $298,932 · management and general $298,932

• 24a · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

  total $118,457 · program services $78,585 · management and general $39,872

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $62,508 · program services $21,663 · management and general $40,845

• 24c · Other expenses: BAD DEBT

  total $13,674 · program services $13,674

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,291,298 · end of year $1,674,252

• 2 · Savings and temporary cash investments

  beginning of year $3,295,857 · end of year $3,090,243

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $81,264 · end of year $206,619

• 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

• 7 · Other notes and loans receivable

  beginning of year $13,364,446 · end of year $25,236,141

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $63,126 · end of year $16,916

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

  $43,116,155

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

  $10,474,684

• 10c · Land, buildings and equipment, net

  beginning of year $33,050,525 · end of year $32,641,471

• 11 · Investments: publicly traded securities

  beginning of year $134,919,047 · end of year $133,732,727

• 12 · Investments: other securities

  beginning of year $20,916,474 · end of year $16,973,031

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $134,564 · end of year $108,783

• 15 · Other assets

  beginning of year $996,120 · end of year $1,694,585

• 17 · Accounts payable and accrued expenses

  beginning of year $2,771,312 · end of year $2,259,431

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $16,589,780 · end of year $16,138,072

• 20 · Tax-exempt bond liabilities

  beginning of year $21,759,931 · end of year $21,713,187

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $6,336,087 · end of year $21,380,355

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $32,899,572 · end of year $37,410,673

• 27 · Net assets without donor restrictions

  beginning of year $119,130,548 · end of year $105,847,559

• 28 · Net assets with donor restrictions

  beginning of year $10,625,491 · end of year $10,625,491

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

METHODS USED TO ESTABLISH EXECUTIVE COMPENSATION: THE ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION. THE FOLLOWING METHODS ARE USED: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

SCHEDULE J, PART I, LINE 4A

SEVERANCE PAYMENT: THE FOLLOWING EMPLOYEE RECEIVED A SEVERANCE PAYMENT IN THE CURRENT YEAR: - TAHLYA VISINTAINER - $232,211 - VINCE BENBENEK - $66,635 - JENNIFER DRAGO - $27,676 - CHARLES KERBY - $22,702 - DONALD FRIDAY - $11,538

SCHEDULE J, PART I, LINE 4B

NONQUALIFIED RETIREMENT PLAN: SOME OFFICERS AND KEY EMPLOYEES PARTICIPATE IN A BOARD ENDORSED 457(B) PLAN. A NON-QUALIFIED 457(F) PLAN IS BOARD ENDORSED FOR CERTAIN EXECUTIVES. THIS PLAN CARRIES A SUBSTANTIAL RISK OF FORFEITURE IN THAT VESTING ONLY OCCURS THE EARLIER OF 5 YEARS FROM THE DATE OF DEPOSIT, AGE 60 OR RULE OF 80 (AGE AND SERVICE EQUALS 80 OR MORE). ALL DEPOSITS ARE EMPLOYER CONTRIBUTIONS. SHOULD A PARTICIPANT VOLUNTARILY TERMINATE EMPLOYMENT PRIOR TO A DEPOSIT VESTING, THE DEPOSIT IS FORFEITED. ALL DEPOSITS ARE PAID OUT AND TAXED UPON VESTING. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN IN 2023 WITH THE FOLLOWING EMPLOYER CONTRIBUTIONS: - JOSEPH E. LA RUE - $61,500 THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN IN 2023 WITH THE FOLLOWING DISTRIBUTIONS WHICH WERE REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990: - TAHLYA VISINTAINER - $54,031

SCHEDULE J, PART II

COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES: THE SALARY AND BENEFITS INFORMATION DISCLOSED ON SCHEDULE J, PART II, REPRESENTS THE AGGREGATE COMPENSATION TO INDIVIDUALS FOR THEIR SERVICES TO SUN HEALTH SERVICES, SUN HEALTH FOUNDATION, SUN HEALTH PARTNERS, SUN HEALTH SENIOR LIVING, LA LOMA SENIOR LIVING, SUN HEALTH COLONNADE AND GRANDVIEW TERRACE; THE LATTER THREE BEING THREE DISTINCT CONTINUING CARE RETIREMENT COMMUNITIES.

Disregarded entities

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

• SUN HEALTH SENIOR LIVING LLC

  ADMIN · AZ · income $4,378,441 · assets $1,606,456

  Directly controlled by SUN HLTH SVS

• LA LOMA MOB ONE LLC

  COMM. RENT · AZ · income $728,768 · assets $5,137,607

  Directly controlled by SUN HLTH SVS

Related corporations and trusts

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

• SUN HEALTH PARTNERS

  C CORP · INVESTMENTS · AZ · 100% owned · share of income $236,784 · share of assets $1,072,892 · controlled entity

  Directly controlled by SUN HLTL SVS