Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $36,219

• 1e · Government grants (contributions)

  $876

• 2a · Program service revenue: RESIDENT REVENUE

  total $1,458,125 · related or exempt $1,458,125

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $947 · related or exempt $947

• 3 · Investment income

  total $4,808 · excluded $4,808

• 6a · Gross rents

  real property $18,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $18,000

• 6d · Net rental income or loss

  total $18,000 · excluded $18,000

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

  other assets $5,745

• 7c · Gain or loss

  other assets -$5,745

• 7d · Net gain or loss

  total -$5,745 · excluded -$5,745

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $692,055 · program services $624,662 · management and general $67,393

• 8 · Pension plan contributions

  total $8,244 · program services $7,441 · management and general $803

• 9 · Other employee benefits

  total $125,143 · program services $112,957 · management and general $12,186

• 10 · Payroll taxes

  total $53,315 · program services $48,123 · management and general $5,192

• 11c · Fees: accounting

  total $1,575 · program services $1,422 · management and general $153

• 11g · Fees: other

  total $148,756 · program services $134,270 · management and general $14,486

• 12 · Advertising and promotion

  total $3,532 · program services $3,188 · management and general $344

• 13 · Office expenses

  total $31,561 · program services $28,488 · management and general $3,073

• 16 · Occupancy

  total $62,648 · program services $56,547 · management and general $6,101

• 20 · Interest

  total $45,145 · management and general $45,145

• 22 · Depreciation, depletion and amortization

  total $78,516 · program services $70,870 · management and general $7,646

• 23 · Insurance

  total $18,395 · program services $16,604 · management and general $1,791

• 24a · Other expenses: FOOD

  total $117,136 · program services $105,729 · management and general $11,407

• 24b · Other expenses: RESIDENT SUPPLIES

  total $23,787 · program services $21,471 · management and general $2,316

• 24c · Other expenses: MAINTENANCE & REPAIRS

  total $12,824 · program services $11,575 · management and general $1,249

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $4,383 · program services $3,956 · management and general $427

• 24e · All other expenses

  total $8,860 · program services $7,998 · management and general $862

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $458,963 · end of year $334,119

• 2 · Savings and temporary cash investments

  beginning of year $3,468 · end of year $3,932

• 4 · Accounts receivable

  beginning of year $4,993 · end of year $26,526

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,336 · end of year $14,493

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

  $3,367,715

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

  $3,012,685

• 10c · Land, buildings and equipment, net

  beginning of year $396,965 · end of year $355,030

• 17 · Accounts payable and accrued expenses

  beginning of year $168,454 · end of year $144,588

• 21 · Escrow or custodial account liability

  beginning of year $36,016 · end of year $50,480

• 25 · Other liabilities

  beginning of year $1,056,689 · end of year $845,111

• 27 · Net assets without donor restrictions

  beginning of year -$383,434 · end of year -$306,079

The filer's explanations (Part III)

PART I, LINE 3

THE CEO OF LONE TREE SENIOR LIVING IS COMPENSATED THROUGH LONE TREE'S RELATED ORGANIZATION, SIDNEY HEALTH CENTER. THE METHODS USED TO DETERMINE THE CEO'S COMPENSATION ARE (A) COMPENSATION SURVERY OR STUDY AND (B) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 5

SIDNEY HEALTH CENTER PHYSICIANS RECEIVE BONUSES BASED ON PRODUCTIVITY, AMONG OTHER FACTORS, PRODUCTIVITY IS CLOSELY CONNECTED WITH REVENUES. NO BONUS IS PAID BY LONE TREE SENIOR LIVING.

PART I, LINE 6

FOR THE EXECUTIVES, ANNUAL RAISES FROM SIDNEY HEALTH CENTER ARE BASED ON MEETING ORGANIZATIONAL GOALS RELATED TO VARIOUS FACTORS INCLUDING EMPLOYEE RETENTION, PATIENT SATISFACTION, QUALITY METRICS, AND OPERATING MARGIN.