Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,187,215

• 2a · Program service revenue: MANAGEMENT FEE INCOME

  total $9,932,612 · related or exempt $9,932,612

• 2b · Program service revenue: PRESCRIPTION DRUG SALES

  total $3,521,764 · related or exempt $3,515,585 · unrelated business $6,179

• 2c · Program service revenue: RESIDENT RENTALS

  total $1,691,684 · related or exempt $1,691,684

• 2d · Program service revenue: OTHER

  total $87,519 · related or exempt $87,519

• 2e · Program service revenue: FOOD SERVICE

  total $57,321 · related or exempt $57,321

• 2f · All other program service revenue

  total $64,623 · related or exempt $59,748 · excluded $4,875

• 3 · Investment income

  total $39,082 · excluded $39,082

• 7a · Gross sales of assets other than inventory

  securities $278,386 · other assets $7,500

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $278,386 · other assets $7,500

• 7d · Net gain or loss

  total $285,886 · excluded $285,886

• 8a · Fundraising events: gross income

  $59,896

• 8b · Fundraising events: direct expenses

  $21,392

• 8c · Net income from fundraising events

  total $38,504 · excluded $38,504

• 11a · Other revenue: INSURANCE PROCEEDS

  total $183 · excluded $183

• 11e · Other revenue, total

  $183

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $554,925 · program services $554,925

• 5 · Compensation of officers, directors and key employees

  total $1,415,872 · management and general $1,300,068 · fundraising $115,804

• 7 · Other salaries and wages

  total $5,508,814 · program services $3,277,171 · management and general $1,803,308 · fundraising $428,335

• 8 · Pension plan contributions

  total $31,806 · management and general $31,806

• 9 · Other employee benefits

  total $1,235,541 · program services $598,607 · management and general $574,911 · fundraising $62,023

• 10 · Payroll taxes

  total $480,766 · program services $245,332 · management and general $193,749 · fundraising $41,685

• 11a · Fees: management

  total $898,549 · program services $457,688 · management and general $440,861

• 11b · Fees: legal

  total $959 · management and general $959

• 11c · Fees: accounting

  total $33,499 · program services $6,202 · management and general $27,297

• 11g · Fees: other

  total $894,796 · program services $729,450 · management and general $140,775 · fundraising $24,571

• 12 · Advertising and promotion

  total $94,779 · program services $10,181 · management and general $40,313 · fundraising $44,285

• 13 · Office expenses

  total $531,514 · program services $280,180 · management and general $164,365 · fundraising $86,969

• 14 · Information technology

  total $234,020 · program services $105,976 · management and general $128,044

• 16 · Occupancy

  total $338,164 · program services $293,318 · management and general $44,846

• 17 · Travel

  total $119,431 · program services $3,878 · management and general $93,117 · fundraising $22,436

• 19 · Conferences, conventions and meetings

  total $19,996 · program services $642 · management and general $19,354

• 20 · Interest

  total $38,330 · program services $16,183 · management and general $22,147

• 22 · Depreciation, depletion and amortization

  total $360,129 · program services $205,312 · management and general $154,817

• 23 · Insurance

  total $92,832 · program services $5,859 · management and general $86,973

• 24a · Other expenses: PHARMACY COGS

  total $2,879,589 · program services $2,879,589

• 24b · Other expenses: RAW FOOD

  total $210,924 · program services $210,924

• 24c · Other expenses: ADMINISTRATIVE CHARGE

  total $125,913 · management and general $125,913

• 24d · Other expenses: MISCELLANEOUS

  total $90,525 · program services $14,353 · management and general $76,172

• 24e · All other expenses

  total $255,387 · program services $191,792 · management and general $56,919 · fundraising $6,676

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,830,744 · end of year $272,285

• 2 · Savings and temporary cash investments

  beginning of year $916,118 · end of year $3,590,835

• 4 · Accounts receivable

  beginning of year $348,805 · end of year $313,149

• 7 · Other notes and loans receivable

  beginning of year $13,387,921 · end of year $12,471,819

• 8 · Inventories for sale or use

  beginning of year $214,044 · end of year $246,020

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,305 · end of year $23,045

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

  $9,500,693

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

  $6,962,269

• 10c · Land, buildings and equipment, net

  beginning of year $2,697,041 · end of year $2,538,424

• 11 · Investments: publicly traded securities

  beginning of year $2,000,607 · end of year $2,194,502

• 12 · Investments: other securities

  beginning of year $555,615 · end of year $602,490

• 15 · Other assets

  beginning of year $423,483 · end of year $388,190

• 17 · Accounts payable and accrued expenses

  beginning of year $1,014,594 · end of year $1,071,644

• 23 · Secured mortgages and notes payable

  beginning of year $956,284 · end of year $764,770

• 25 · Other liabilities

  beginning of year $2,406,355 · end of year $2,338,183

• 27 · Net assets without donor restrictions

  beginning of year $12,632,964 · end of year $13,083,676

• 28 · Net assets with donor restrictions

  beginning of year $5,382,486 · end of year $5,382,486

The filer's explanations (Part III)

PART I, LINE 1B

THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY REGARDING HEALTH AND SOCIAL CLUB DUES. THE ORGANIZATION PAYS THE DUES FOR ALL EMPLOYEES THAT UTILIZE THE LOCAL WELLNESS CENTER. THERE ARE 13 EMPLOYEES OF THE ORGANIZATION THAT CURRENTLY UTILIZE THE WELLNESS CENTER. WELLNESS CENTER DUES WERE DETERMINED TO BE TAXABLE AND INCLUDED IN THE EMPLOYEES' W-2S. THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY REGARDING FIRST CLASS OR CHARTER TRAVEL. THE ORGANIZATION'S PRESIDENT AND CEO HAS A PRIVATE PLANE THAT IS SOMETIMES USED FOR BUSINESS TRAVEL WHERE THE CEO IS REIMBURSED ON A RATE APPROVED BY THE MMSS BOARD OF DIRECTORS.

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS SERVES AS A COMPENSATION COMMITTEE. THEY REVIEW COMPENSATION STUDIES AVAILABLE FOR SIMILAR ORGANIZATIONS THROUGH LEADING AGE AND CEMO. THE COMPENSATION COMMITTEE WORKS WITH A CONSULTANT TO UPDATE COMPENSATION INFORMATION AT LEAST ONCE EVERY 3 YEARS. THE COMMITTEE USES THE LEADING AGE AND CEMO COMPENSATION STUDIES ANNUALLY. THE COMPENSATION COMMITTEE WORKS TO MAINTAIN COMPENSATION IN THE 60TH PERCENTILE OF THE MARKET. THIS COMMITTEE APPROVES ANY CHANGE MADE TO THE CEO SALARY PACKAGE BASED ON THIS PHILOSOPHY.

PART I, LINE 4B

THE PLAN WAS PUT IN PLACE MAY OF 2020. AT THAT TIME, WE RECOGNIZED 27 YEARS OF SERVICE AS EXPENSE/LIABILITY FOR THE CEO. IF HE IS EMPLOYED UNTIL MARCH 1, 2025, HE IS ENTITLED TO START RECEIVING THE BENEFITS. IF HE WERE TO BECOME DISABLED AND REMAINED LIVING AS OF APRIL 1, 2025, HE IS ENTITLED TO THE BENEFITS BASED ON NUMBER OF YEARS SERVED. IF DECEASED, HIS BENEFICIARIES WOULD BENEFIT BASED ON THE NUMBER OF YEARS SERVED. IF TERMINATED FOR CAUSE PRIOR TO MARCH 1, 2025, HE IS NOT ENTITLED TO ANY BENEFITS. THE DEFERRED COMPENSATION IS LISTED ON BOTH PART VII AND SCHEDULE J UNDER DEFERRED COMPENSATION.