Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $758,664

• 1f · All other contributions, gifts and grants

  $569,601

• 2a · Program service revenue: INDEPENDENT LIVING

  total $7,750,718 · related or exempt $7,750,718

• 2b · Program service revenue: HEALTHCARE

  total $7,355,172 · related or exempt $7,355,172

• 2c · Program service revenue: EARNED ENTRANCE FEES

  total $3,423,665 · related or exempt $3,423,665

• 2d · Program service revenue: JA GREER GROUP

  total $466,282 · unrelated business $466,282

• 2f · All other program service revenue

  total $612,527 · related or exempt $612,527

• 3 · Investment income

  total $400,353 · excluded $400,353

• 7a · Gross sales of assets other than inventory

  securities $83,416 · other assets $23,717

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

  securities $0 · other assets $22,217

• 7c · Gain or loss

  securities $83,416 · other assets $1,500

• 7d · Net gain or loss

  total $84,916 · excluded $84,916

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $685,163 · management and general $685,163

• 7 · Other salaries and wages

  total $7,620,930 · program services $6,432,367 · management and general $1,074,027 · fundraising $114,536

• 9 · Other employee benefits

  total $1,693,338 · program services $1,054,849 · management and general $628,654 · fundraising $9,835

• 10 · Payroll taxes

  total $656,947 · program services $535,506 · management and general $112,091 · fundraising $9,350

• 11a · Fees: management

  total $466,276 · program services $44,795 · management and general $419,531 · fundraising $1,950

• 11b · Fees: legal

  total $165,313 · management and general $165,313

• 11f · Fees: investment management

  total $56,685 · management and general $56,685

• 11g · Fees: other

  total $921,030 · program services $918,069 · management and general $2,961

• 12 · Advertising and promotion

  total $138,310 · program services $2,463 · management and general $132,604 · fundraising $3,243

• 13 · Office expenses

  total $1,610,666 · program services $1,349,531 · management and general $260,722 · fundraising $413

• 16 · Occupancy

  total $945,974 · program services $795,428 · management and general $150,546

• 17 · Travel

  total $41,892 · program services $21,775 · management and general $19,914 · fundraising $203

• 19 · Conferences, conventions and meetings

  total $11,233 · management and general $11,233

• 20 · Interest

  total $1,646,817 · program services $1,524,057 · management and general $122,760

• 22 · Depreciation, depletion and amortization

  total $2,588,279 · program services $2,200,037 · management and general $388,242

• 23 · Insurance

  total $57,712 · program services $6,840 · management and general $50,872

• 24a · Other expenses: OTHER PATIENT SERVICES

  total $1,397,561 · program services $1,360,792 · management and general $35,279 · fundraising $1,490

• 24b · Other expenses: EMPLOYEE RECRUITMENT AN

  total $186,230 · program services $32,587 · management and general $153,148 · fundraising $495

• 24c · Other expenses: PHARMACEUTICALS

  total $79,849 · program services $79,849

• 24d · Other expenses: MEDICAL SUPPLIES

  total $77,718 · program services $77,718

• 24e · All other expenses

  total $238,991 · program services $79,180 · management and general $146,866 · fundraising $12,945

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,200 · end of year $1,200

• 2 · Savings and temporary cash investments

  beginning of year $4,820,627 · end of year $1,077,638

• 4 · Accounts receivable

  beginning of year $2,283,198 · end of year $3,313,728

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $63,921

• 9 · Prepaid expenses and deferred charges

  beginning of year $400,682 · end of year $450,048

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

  $75,981,223

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

  $23,385,337

• 10c · Land, buildings and equipment, net

  beginning of year $50,282,749 · end of year $52,595,886

• 11 · Investments: publicly traded securities

  beginning of year $10,605,089 · end of year $12,540,526

• 12 · Investments: other securities

  beginning of year $2,186,121 · end of year $2,127,508

• 15 · Other assets

  beginning of year $2,643,878 · end of year $4,424,091

• 17 · Accounts payable and accrued expenses

  beginning of year $2,424,551 · end of year $1,531,485

• 19 · Deferred revenue

  beginning of year $18,568,760 · end of year $20,738,398

• 23 · Secured mortgages and notes payable

  beginning of year $35,343,189 · end of year $34,762,341

• 24 · Unsecured notes and loans payable

  beginning of year $118,056 · end of year $124,396

• 25 · Other liabilities

  beginning of year $6,053,141 · end of year $6,945,456

• 27 · Net assets without donor restrictions

  beginning of year $10,008,783 · end of year $11,762,401

• 28 · Net assets with donor restrictions

  beginning of year $707,064 · end of year $730,069

The filer's explanations (Part III)

PART I, LINE 4A

NAME: TERRY KEES, DESCRIPTION: CFO, CURRENT YEAR AMOUNT: $61,496. PLAN DESCRIPTION: SEVERANCE

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• JA GREER GROUP LLC

  RENTAL · NC · income $466,282 · assets $3,748,420

  Directly controlled by PENICK VILLAGE