Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $419,354

• 1f · All other contributions, gifts and grants

  $1,590,868

• 2a · Program service revenue: RESIDENT REVENUE

  total $21,870,811 · related or exempt $21,870,811

• 3 · Investment income

  total $333,725 · excluded $333,725

• 6a · Gross rents

  real property $18,390

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $18,390

• 6d · Net rental income or loss

  total $18,390 · excluded $18,390

• 10a · Gross sales of inventory

  $17,952

• 10b · Cost of goods sold

  $22,960

• 10c · Net income from sales of inventory

  total -$5,008 · excluded -$5,008

• 11a · Other revenue: MEAL REVENUES

  total $179,932 · unrelated business $2,767 · excluded $177,165

• 11b · Other revenue: VITALITY CENTER

  total $53,325 · unrelated business $53,325

• 11c · Other revenue: BEAUTY SHOP

  total $24,551 · excluded $24,551

• 11d · All other revenue

  total $19,954 · excluded $19,954

• 11e · Other revenue, total

  $277,762

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $23,234 · program services $23,234

• 7 · Other salaries and wages

  total $12,672,267 · program services $11,716,976 · management and general $955,291

• 8 · Pension plan contributions

  total $149,931 · program services $142,446 · management and general $7,485

• 9 · Other employee benefits

  total $717,437 · program services $673,972 · management and general $43,465

• 10 · Payroll taxes

  total $930,772 · program services $889,412 · management and general $41,360

• 11a · Fees: management

  total $2,165,609 · management and general $2,165,609

• 11b · Fees: legal

  total $9,293 · management and general $9,293

• 11f · Fees: investment management

  total $41,785 · management and general $41,785

• 11g · Fees: other

  total $1,943,545 · program services $1,595,302 · management and general $348,243

• 12 · Advertising and promotion

  total $36,651 · program services $24,305 · management and general $12,346

• 13 · Office expenses

  total $351,758 · program services $158,340 · management and general $193,418

• 16 · Occupancy

  total $1,933,599 · program services $2,527 · management and general $1,931,072

• 17 · Travel

  total $19,782 · program services $494 · management and general $19,288

• 19 · Conferences, conventions and meetings

  total $1,537 · management and general $1,537

• 20 · Interest

  total $495 · program services $495

• 22 · Depreciation, depletion and amortization

  total $1,620,922 · program services $1,620,922

• 24a · Other expenses: FOOD EXPENSES

  total $849,646 · program services $849,461 · management and general $185

• 24b · Other expenses: MEDICAL SUPPLIES

  total $618,853 · program services $618,853

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $500,799 · program services $404,660 · management and general $96,139

• 24d · Other expenses: SURCHARGES & ASSESSMENT

  total $326,865 · program services $326,865

• 24e · All other expenses

  total $135,301 · program services $39,252 · management and general $96,049

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,051,664 · end of year $6,086,057

• 3 · Pledges and grants receivable

  beginning of year $94,000 · end of year $6,301

• 4 · Accounts receivable

  beginning of year $2,059,970 · end of year $2,309,663

• 8 · Inventories for sale or use

  beginning of year $20,865 · end of year $14,652

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,312 · end of year $23,347

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

  $53,481,136

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

  $24,207,371

• 10c · Land, buildings and equipment, net

  beginning of year $29,793,901 · end of year $29,273,765

• 13 · Investments: program-related

  beginning of year $11,833,934 · end of year $13,116,941

• 14 · Intangible assets

  beginning of year $224,000 · end of year $224,000

• 15 · Other assets

  beginning of year $3,509,445 · end of year $2,107,864

• 17 · Accounts payable and accrued expenses

  beginning of year $1,698,505 · end of year $1,616,394

• 19 · Deferred revenue

  beginning of year $400,303 · end of year $399,600

• 20 · Tax-exempt bond liabilities

  beginning of year $21,244,383 · end of year $20,794,403

• 21 · Escrow or custodial account liability

  beginning of year $103,091 · end of year $122,402

• 24 · Unsecured notes and loans payable

  beginning of year -$445,461 · end of year -$427,523

• 25 · Other liabilities

  beginning of year $0 · end of year $317,424

• 27 · Net assets without donor restrictions

  beginning of year $17,685,989 · end of year $17,128,056

• 28 · Net assets with donor restrictions

  beginning of year $11,923,281 · end of year $13,211,834

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION IS DETERMINED BY SHOLOM COMMUNITY ALLIANCE, THE SOLE MEMBER OF SHOLOM HOME EAST. THE FOLLOWING WERE USED BY SHOLOM COMMUNITY ALLIANCE IN DETERMINING THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE