Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $153,558

• 1e · Government grants (contributions)

  $1,114,948

• 1f · All other contributions, gifts and grants

  $207,596

• 1g · Noncash contributions included above

  $59,359

• 2a · Program service revenue: PROGRAM FEES

  total $123,628 · related or exempt $123,628

• 2b · Program service revenue: COMMUNITY DINING

  total $41,883 · related or exempt $41,883

• 2c · Program service revenue: CLASSES & TRIP FEES

  total $37,112 · related or exempt $37,112

• 2d · Program service revenue: MEMBERSHIP FEE

  total $18,980 · related or exempt $18,980

• 3 · Investment income

  total $50,842 · excluded $50,842

• 6a · Gross rents

  real property $4,603

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $4,603

• 6d · Net rental income or loss

  total $4,603 · excluded $4,603

• 8a · Fundraising events: gross income

  $80,890

• 8a · Fundraising events: contributions included on line 1c

  $153,558

• 8b · Fundraising events: direct expenses

  $116,221

• 8c · Net income from fundraising events

  total -$35,331 · excluded -$35,331

• 9a · Gaming: gross income

  $22,939

• 9b · Gaming: direct expenses

  $7,259

• 9c · Net income from gaming

  total $15,680 · excluded $15,680

• 10a · Gross sales of inventory

  $98,056

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $98,056 · related or exempt $98,056

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $127,793 · program services $127,793

• 7 · Other salaries and wages

  total $246,788 · program services $246,788

• 8 · Pension plan contributions

  total $7,050 · program services $7,050

• 9 · Other employee benefits

  total $32,847 · program services $32,847

• 10 · Payroll taxes

  total $32,704 · program services $32,704

• 11b · Fees: legal

  total $501 · program services $501

• 11c · Fees: accounting

  total $4,499 · program services $4,499

• 11g · Fees: other

  total $83,729 · program services $83,729

• 12 · Advertising and promotion

  total $2,142 · program services $2,142

• 13 · Office expenses

  total $24,115 · program services $24,115

• 14 · Information technology

  total $33,168 · program services $33,168

• 16 · Occupancy

  total $147,876 · program services $147,876

• 17 · Travel

  total $22,325 · program services $22,325

• 19 · Conferences, conventions and meetings

  total $9,493 · program services $9,493

• 22 · Depreciation, depletion and amortization

  total $52,890 · program services $52,890

• 23 · Insurance

  total $20,312 · program services $20,312

• 24a · Other expenses: PROGRAM SUPPLIES & EQUI

  total $77,678 · program services $77,678

• 24b · Other expenses: MERCHANT & OTHER FEES

  total $10,485 · program services $10,485

• 24c · Other expenses: TAXES

  total $10,302 · program services $10,302

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $9,930 · program services $9,930

• 24e · All other expenses

  total $2,973 · program services $2,973

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $341,791 · end of year $20,146

• 4 · Accounts receivable

  beginning of year $301,441 · end of year $242,262

• 8 · Inventories for sale or use

  end of year $15,559

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

  $9,147,769

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

  $1,094,993

• 10c · Land, buildings and equipment, net

  beginning of year $2,629,648 · end of year $8,052,776

• 11 · Investments: publicly traded securities

  beginning of year $1,676,433 · end of year $393,646

• 15 · Other assets

  beginning of year $40,144 · end of year $30,295

• 17 · Accounts payable and accrued expenses

  beginning of year $347,404 · end of year $529,300

• 19 · Deferred revenue

  beginning of year $9,513 · end of year $12,047

• 23 · Secured mortgages and notes payable

  beginning of year $1,405,981 · end of year $4,181,668

• 24 · Unsecured notes and loans payable

  beginning of year $899,730 · end of year $899,730

• 25 · Other liabilities

  beginning of year $128,285 · end of year $55,641

• 27 · Net assets without donor restrictions

  beginning of year $2,193,544 · end of year $3,071,298

• 28 · Net assets with donor restrictions

  beginning of year $5,000 · end of year $5,000

The filer's explanations (Part III)

PART I, LINE 3

THE SENIOR CENTERS RELY ON SOUND GENERATIONS' POLICIES FOR DETERMINING COMPENSATION. THE CEO'S COMPENSATION ADJUSTMENTS ARE REVIEWED BY SOUND GENERATIONS' BOARD CHAIR AND THE EXECUTIVE COMMITTEE PRIOR TO ANY CHANGES IN COMPENSATION. THE DELIBERATION AND DECISION IS DOCUMENTED IN THEIR MEETING MINUTES.

Disregarded entities

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

• SNO-VALLEY AFFORDABLE SENIOR HOUSING LLC

  PROPERTY HOLDING · WA · assets $7,396,722

  Directly controlled by SNO-VALLEY SENIOR CITIZENS