Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $3,258,959 · related or exempt $3,258,959

• 2b · Program service revenue: ADMINISTRATIVE FEES

  total $74,400 · related or exempt $74,400

• 2c · Program service revenue: TRANSPORTATION

  total $8,200 · related or exempt $8,200

• 3 · Investment income

  total $296,792 · excluded $296,792

• 7a · Gross sales of assets other than inventory

  securities $780,172

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

  securities $716,101 · other assets $101

• 7c · Gain or loss

  securities $64,071 · other assets -$101

• 7d · Net gain or loss

  total $63,970 · excluded $63,970

• 11a · Other revenue: TV, INTERNET & PHONE

  total $372,407 · excluded $372,407

• 11b · Other revenue: WAITING LIST REMOVALS

  total $9,750 · excluded $9,750

• 11e · Other revenue, total

  $382,157

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,288 · program services $12,288

• 2 · Grants to domestic individuals

  total $6,250 · program services $6,250

• 5 · Compensation of officers, directors and key employees

  total $950,346 · program services $226,960 · management and general $723,386

• 7 · Other salaries and wages

  total $1,205,843 · program services $65,624 · management and general $1,140,219

• 8 · Pension plan contributions

  total $38,477 · program services $1,431 · management and general $37,046

• 9 · Other employee benefits

  total $215,961 · program services $24,963 · management and general $190,998

• 10 · Payroll taxes

  total $138,042 · program services $17,655 · management and general $120,387

• 11b · Fees: legal

  total $4,588 · management and general $4,588

• 11c · Fees: accounting

  total $35,489 · management and general $35,489

• 11f · Fees: investment management

  total $46,057 · management and general $46,057

• 11g · Fees: other

  total $230,451 · program services $92,550 · management and general $100,577 · fundraising $37,324

• 12 · Advertising and promotion

  total $16,440 · management and general $16,440

• 13 · Office expenses

  total $59,005 · program services $14,110 · management and general $38,037 · fundraising $6,858

• 14 · Information technology

  total $133,658 · management and general $119,052 · fundraising $14,606

• 16 · Occupancy

  total $246,231 · program services $121,573 · management and general $124,658

• 17 · Travel

  total $13,525 · program services $618 · management and general $11,436 · fundraising $1,471

• 19 · Conferences, conventions and meetings

  total $10,752 · program services $467 · management and general $10,285

• 22 · Depreciation, depletion and amortization

  total $180,497 · program services $17,147 · management and general $163,350

• 23 · Insurance

  total $3,891 · management and general $3,891

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $500

• 2 · Savings and temporary cash investments

  beginning of year $1,188,034 · end of year $1,158,571

• 4 · Accounts receivable

  beginning of year $11,376 · end of year $93,749

• 9 · Prepaid expenses and deferred charges

  beginning of year $684,383 · end of year $491,061

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

  $3,062,459

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

  $2,495,683

• 10c · Land, buildings and equipment, net

  beginning of year $694,033 · end of year $566,776

• 11 · Investments: publicly traded securities

  beginning of year $15,266,739 · end of year $16,377,597

• 12 · Investments: other securities

  beginning of year $233,498 · end of year $233,498

• 15 · Other assets

  beginning of year $490,214 · end of year $871,511

• 17 · Accounts payable and accrued expenses

  beginning of year $2,228,320 · end of year $2,385,760

• 19 · Deferred revenue

  beginning of year $9,005,324 · end of year $9,002,566

• 25 · Other liabilities

  beginning of year $1,705,843 · end of year $581,618

• 27 · Net assets without donor restrictions

  beginning of year $5,629,290 · end of year $7,823,319

The filer's explanations (Part III)

PART I, LINE 7

THE INCENTIVE PAY IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON THE ORGANIZATION'S ABILITY TO MEET ITS BROAD SET OF GOALS INCLUDING RESIDENT SATISFACTION, OCCUPANCY AND FINANCIAL CONDITION.