Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $28,828

• 1d · Related organizations

  $101,580

• 1e · Government grants (contributions)

  $2,244,707

• 1f · All other contributions, gifts and grants

  $3,441,151

• 1g · Noncash contributions included above

  $10,084

• 2a · Program service revenue: NET RESIDENT SERVICE REVENUE

  total $114,780,176 · related or exempt $114,780,176

• 2b · Program service revenue: MULTI-GENERATIONAL PROGRAMMING

  total $44,495 · related or exempt $44,495

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,808,865 · excluded $1,808,865

• 5 · Royalties

  total $55,325 · excluded $55,325

• 6a · Gross rents

  real property $147,600

• 6c · Rental income or loss

  real property $147,600 · personal property $0

• 6d · Net rental income or loss

  total $147,600 · excluded $147,600

• 7a · Gross sales of assets other than inventory

  other assets $7,812

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

  other assets $9,198

• 7c · Gain or loss

  securities $0 · other assets -$1,386

• 7d · Net gain or loss

  total -$1,386 · excluded -$1,386

• 8a · Fundraising events: gross income

  $22,150

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

  $28,828

• 8b · Fundraising events: direct expenses

  $12,888

• 8c · Net income from fundraising events

  total $9,262 · excluded $9,262

• 11a · Other revenue: ALL OTHER MISC REVENUE

  total $220,970 · excluded $220,970

• 11b · Other revenue: MANOR MART REVENUE

  total $10,828 · excluded $10,828

• 11c · Other revenue: GARNISHMENT SERVICE CHARGES

  total $7,522 · excluded $7,522

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $239,320

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $46,168,448 · program services $43,257,392 · management and general $2,911,056

• 8 · Pension plan contributions

  total $14,220 · program services $13,323 · management and general $897

• 9 · Other employee benefits

  total $3,343,459 · program services $3,132,644 · management and general $210,815

• 10 · Payroll taxes

  total $3,401,497 · program services $3,189,632 · management and general $211,865

• 11a · Fees: management

  total $11,197,610 · management and general $11,197,610

• 11b · Fees: legal

  total $259,893 · management and general $259,893

• 11c · Fees: accounting

  total $234,176 · management and general $234,176

• 11d · Fees: lobbying

  total $14,919 · management and general $14,919

• 11g · Fees: other

  total $9,245,319 · program services $8,988,832 · management and general $256,487 · fundraising $0

• 12 · Advertising and promotion

  total $432,925 · program services $98,378 · management and general $334,547

• 13 · Office expenses

  total $8,840,547 · program services $7,560,090 · management and general $1,280,457

• 14 · Information technology

  total $1,943,218 · program services $344,396 · management and general $1,598,822

• 16 · Occupancy

  total $6,867,496 · program services $6,591,523 · management and general $275,973

• 17 · Travel

  total $368,328 · program services $321,205 · management and general $47,123

• 19 · Conferences, conventions and meetings

  total $207,725 · program services $41,739 · management and general $165,986

• 20 · Interest

  total $8,049,953 · program services $7,647,455 · management and general $402,498

• 22 · Depreciation, depletion and amortization

  total $8,812,647 · program services $8,372,015 · management and general $440,632

• 23 · Insurance

  total $1,021,463 · management and general $1,021,463

• 24a · Other expenses: ANCILLARY COSTS

  total $6,840,142 · program services $6,840,142

• 24b · Other expenses: FOOD

  total $5,501,256 · program services $5,501,256

• 24c · Other expenses: BAD DEBT EXPENSE

  total $1,226,683 · program services $1,226,683

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $607,178 · end of year $1,142,636

• 2 · Savings and temporary cash investments

  beginning of year $56,719 · end of year $60,859

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $1,796,044

• 4 · Accounts receivable

  beginning of year $5,209,346 · end of year $10,501,705

• 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 $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,511,147 · end of year $2,848,296

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

  $303,981,720

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

  $208,773,663

• 10c · Land, buildings and equipment, net

  beginning of year $93,067,432 · end of year $95,208,057

• 11 · Investments: publicly traded securities

  beginning of year $30,647,618 · end of year $34,381,358

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $31,633,165 · end of year $25,172,179

• 17 · Accounts payable and accrued expenses

  beginning of year $9,974,191 · end of year $11,274,596

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $54,433,801 · end of year $57,412,034

• 20 · Tax-exempt bond liabilities

  beginning of year $135,375,813 · end of year $132,769,313

• 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 $6,412,500 · end of year $9,302,738

• 25 · Other liabilities

  beginning of year $1,942,455 · end of year $1,757,148

• 27 · Net assets without donor restrictions

  beginning of year -$64,929,262 · end of year -$65,086,521

• 28 · Net assets with donor restrictions

  beginning of year $20,523,107 · end of year $23,681,826

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

PRESBYTERIAN MANORS OF MID AMERICA, INC.'S ATTORNEY AND/OR THE CFO/SVP-HR PROVIDES THE BOARD OF TRUSTEES WITH COMPARABILITY DATA TO DETERMINE THE CEO'S COMPENSATION. DELIBERATION OF THE CEO'S COMPENSATION IS HELD IN THE GOVERNANCE COMMITTEE AND EXECUTIVE BOARD SESSION. THE BOARD'S DECISION IS PROVIDED TO THE CFO/SVP-HR BY THE BOARD CHAIRMAN. THE CEO USES COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE OTHER OFFICERS, KEY EMPLOYEES, AND EXECUTIVE DIRECTORS.