Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $505,888

• 1f · All other contributions, gifts and grants

  $349,441

• 2a · Program service revenue: Resident care

  total $19,743,302 · related or exempt $19,743,302

• 3 · Investment income

  total $22,248 · related or exempt $22,248

• 11a · Other revenue: Satellite TV service

  total $43,962 · related or exempt $43,962

• 11b · Other revenue: Life lease fees

  total $114,206 · related or exempt $114,206

• 11c · Other revenue: Bistro income

  total $39,505 · related or exempt $39,505

• 11d · All other revenue

  total $29,107 · related or exempt $29,107

• 11e · Other revenue, total

  $226,780

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 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 $168,057 · management and general $168,057

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $9,123,933 · program services $8,532,277 · management and general $591,656

• 8 · Pension plan contributions

  total $94,338 · program services $86,625 · management and general $7,713

• 9 · Other employee benefits

  total $759,020 · program services $696,963 · management and general $62,057

• 10 · Payroll taxes

  total $673,597 · program services $596,362 · management and general $77,235

• 11a · Fees: management

  total $1,148,640 · management and general $1,148,640

• 11b · Fees: legal

  total $105,604 · management and general $105,604

• 11c · Fees: accounting

  total $22,690 · management and general $22,690

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $3,509,323 · program services $3,473,481 · management and general $35,842

• 12 · Advertising and promotion

  total $154,852 · program services $141,097 · management and general $13,755

• 13 · Office expenses

  total $32,476 · management and general $32,476

• 14 · Information technology

  total $269,982 · program services $247,247 · management and general $22,735

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,603,210 · program services $1,591,722 · management and general $11,488

• 17 · Travel

  total $22,986 · program services $3,284 · management and general $19,702

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $9,546 · program services $9,546

• 20 · Interest

  total $1,100,729 · program services $1,092,646 · management and general $8,083

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,280,398 · program services $1,270,995 · management and general $9,403

• 23 · Insurance

  total $477,837 · program services $474,328 · management and general $3,509

• 24a · Other expenses: medical supplies

  total $958,009 · program services $958,009

• 24b · Other expenses: general supplies

  total $233,003 · program services $222,053 · management and general $10,950

• 24c · Other expenses: state of Michigan bed tax

  total $488,185 · program services $488,185

• 24e · All other expenses

  total $612,094 · program services $491,130 · management and general $120,964

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $500

• 4 · Accounts receivable

  beginning of year $1,459,560 · end of year $1,980,584

• 7 · Other notes and loans receivable

  beginning of year $250,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $187,601 · end of year $128,082

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

  $44,481,478

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

  $26,342,407

• 10c · Land, buildings and equipment, net

  beginning of year $19,253,079 · end of year $18,139,071

• 11 · Investments: publicly traded securities

  beginning of year $1,522,002 · end of year $1,510,856

• 15 · Other assets

  beginning of year $471,868 · end of year $620,335

• 17 · Accounts payable and accrued expenses

  beginning of year $1,071,444 · end of year $853,760

• 19 · Deferred revenue

  beginning of year $95,398 · end of year $95,099

• 23 · Secured mortgages and notes payable

  beginning of year $1,386,042 · end of year $1,000,313

• 24 · Unsecured notes and loans payable

  beginning of year $20,745,673 · end of year $20,379,611

• 27 · Net assets without donor restrictions

  beginning of year -$153,947 · end of year $50,645

The filer's explanations (Part III)

Part I Line 6b

Selected members of senior management are eligible to participate in an Executive Incentive Compensation Program if selected financial and quality targets are achieved across the entire Presbyterian Villages of Michigan system