Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $340,423

• 1f · All other contributions, gifts and grants

  $467,262

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

  total $23,578,140 · related or exempt $23,578,140

• 2b · Program service revenue: GUEST ROOM

  total $29,081 · excluded $29,081

• 3 · Investment income

  total $610,424 · excluded $610,424

• 6a · Gross rents

  real property $128,234

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $128,234

• 6d · Net rental income or loss

  total $128,234 · excluded $128,234

• 7a · Gross sales of assets other than inventory

  securities $259,784 · other assets $19,000

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $259,784 · other assets $19,000

• 7d · Net gain or loss

  total $278,784 · excluded $278,784

• 11a · Other revenue: VENDING MACHINE REVENUE

  total $5,593 · excluded $5,593

• 11b · Other revenue: BEAUTY SHOP REVENUE

  total $4,277 · excluded $4,277

• 11c · Other revenue: CATERING SALES

  total $3,164 · excluded $3,164

• 11d · All other revenue

  total $153,214 · excluded $153,214

• 11e · Other revenue, total

  $166,248

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $87,011 · program services $87,011

• 7 · Other salaries and wages

  total $12,551,296 · program services $12,334,116 · management and general $48,072 · fundraising $169,108

• 8 · Pension plan contributions

  total $101,096 · program services $98,952 · fundraising $2,144

• 9 · Other employee benefits

  total $1,475,712 · program services $1,313,373 · management and general $152,434 · fundraising $9,905

• 10 · Payroll taxes

  total $928,349 · program services $917,628 · management and general $4,229 · fundraising $6,492

• 11a · Fees: management

  total $1,514,662 · program services $1,514,662

• 11b · Fees: legal

  total $6,351 · management and general $6,351

• 11c · Fees: accounting

  total $63,788 · management and general $63,788

• 11f · Fees: investment management

  total $25,647 · management and general $25,647

• 11g · Fees: other

  total $1,949,821 · program services $1,601,626 · management and general $348,195

• 12 · Advertising and promotion

  total $72,918 · program services $72,918

• 13 · Office expenses

  total $80,042 · program services $45,432 · management and general $33,932 · fundraising $678

• 16 · Occupancy

  total $1,264,277 · program services $1,257,690 · management and general $6,587

• 17 · Travel

  total $36,583 · program services $15,658 · fundraising $20,925

• 19 · Conferences, conventions and meetings

  total $96,143 · program services $74,554 · management and general $3,894 · fundraising $17,695

• 20 · Interest

  total $373,453 · program services $387 · management and general $373,066

• 22 · Depreciation, depletion and amortization

  total $2,047,443 · management and general $2,047,443

• 23 · Insurance

  total $217,363 · program services $133,767 · management and general $83,596

• 24a · Other expenses: FOOD EXPENSE

  total $1,183,151 · program services $1,183,151

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $738,004 · program services $722,681 · management and general $5,199 · fundraising $10,124

• 24c · Other expenses: MISC EXPENSES

  total $413,829 · program services $389,226 · management and general $14,252 · fundraising $10,351

• 24d · Other expenses: BAD DEBT EXPENSES

  total $334,929 · program services $334,929

• 24e · All other expenses

  total $326,911 · program services $326,911

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $759,520 · end of year $525,228

• 3 · Pledges and grants receivable

  beginning of year $2,837,116 · end of year $3,228,542

• 4 · Accounts receivable

  beginning of year $2,223,523 · end of year $2,661,633

• 8 · Inventories for sale or use

  beginning of year $104,255 · end of year $67,401

• 9 · Prepaid expenses and deferred charges

  beginning of year $80,049 · end of year $121,967

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

  $69,582,012

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

  $48,730,341

• 10c · Land, buildings and equipment, net

  beginning of year $21,159,626 · end of year $20,851,671

• 11 · Investments: publicly traded securities

  beginning of year $12,547,589 · end of year $11,055,252

• 12 · Investments: other securities

  beginning of year $1,972,360 · end of year $1,651,842

• 13 · Investments: program-related

  beginning of year $314,425 · end of year $250,653

• 15 · Other assets

  beginning of year $2,185,521 · end of year $2,135,488

• 17 · Accounts payable and accrued expenses

  beginning of year $2,295,000 · end of year $2,136,811

• 19 · Deferred revenue

  beginning of year $1,441,905 · end of year $1,330,017

• 20 · Tax-exempt bond liabilities

  beginning of year $10,222,164 · end of year $8,785,019

• 21 · Escrow or custodial account liability

  beginning of year $11,512,701 · end of year $11,576,365

• 25 · Other liabilities

  beginning of year $657,268 · end of year $654,545

• 27 · Net assets without donor restrictions

  beginning of year $15,944,101 · end of year $16,002,070

• 28 · Net assets with donor restrictions

  beginning of year $2,110,845 · end of year $2,064,850

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF A RELATED ORGANIZATION. THE PROCESS INCLUDES COMPARISONS TO OTHER SALARIES WITHIN THE INDUSTRY USING SALARY SURVEYS FROM LEADING AGE AND MRA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.