Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $570,487

• 2a · Program service revenue: RESIDENT SERVICE FEES

  total $23,721,402 · related or exempt $23,721,402

• 2b · Program service revenue: AMORTIZED ENTRY FEES

  total $3,399,782 · related or exempt $3,399,782

• 2c · Program service revenue: ANCILLARY INCOME

  total $1,277,220 · related or exempt $1,277,220

• 2d · Program service revenue: FOOD SERVICE REVENUE

  total $92,234 · related or exempt $92,234

• 3 · Investment income

  total $1,585,032 · excluded $1,585,032

• 6a · Gross rents

  real property $98,238

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $98,238

• 6d · Net rental income or loss

  total $98,238 · excluded $98,238

• 7a · Gross sales of assets other than inventory

  securities $7,268,871

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

  securities $7,145,896

• 7c · Gain or loss

  securities $122,975

• 7d · Net gain or loss

  total $122,975 · excluded $122,975

• 11a · Other revenue: OTHER REVENUE

  total $47,488 · excluded $47,488

• 11b · Other revenue: BEAUTY SHOP INCOME

  total $9,778 · related or exempt $9,778

• 11e · Other revenue, total

  $57,266

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $703,814 · program services $703,814

• 5 · Compensation of officers, directors and key employees

  total $800,567 · program services $244,025 · management and general $556,542

• 7 · Other salaries and wages

  total $11,224,081 · program services $10,506,909 · management and general $717,172

• 8 · Pension plan contributions

  total $182,950 · program services $182,950

• 9 · Other employee benefits

  total $1,821,209 · program services $159,150 · management and general $1,662,059

• 10 · Payroll taxes

  total $888,605 · program services $806,909 · management and general $81,696

• 11b · Fees: legal

  total $24,180 · management and general $24,180

• 11c · Fees: accounting

  total $31,457 · program services $7,305 · management and general $24,152

• 11f · Fees: investment management

  total $89,421 · program services $89,421

• 11g · Fees: other

  total $677,428 · program services $641,628 · management and general $35,800

• 12 · Advertising and promotion

  total $70,120 · management and general $70,120

• 13 · Office expenses

  total $4,407,023 · program services $2,308,358 · management and general $2,098,665

• 14 · Information technology

  total $458,821 · management and general $458,821

• 16 · Occupancy

  total $989,971 · program services $989,971

• 17 · Travel

  total $62,558 · program services $53,075 · management and general $9,483

• 19 · Conferences, conventions and meetings

  total $48,912 · program services $36,086 · management and general $12,826

• 22 · Depreciation, depletion and amortization

  total $3,184,454 · program services $3,184,454

• 23 · Insurance

  total $355,313 · program services $26,381 · management and general $328,932

• 24a · Other expenses: FOOD

  total $1,722,231 · program services $1,665,070 · management and general $57,161

• 24b · Other expenses: PUCHASED MEDICAL SERVIC

  total $1,365,662 · program services $1,365,662

• 24c · Other expenses: BAD DEBT

  total $204,589 · program services $204,589

• 24d · Other expenses: AMORTIZATION

  total -$532,947 · program services -$532,947

• 24e · All other expenses

  total $313,665 · program services $60,720 · management and general $252,945

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $43,913,770 · end of year $17,535,665

• 4 · Accounts receivable

  beginning of year $2,112,519 · end of year $2,112,101

• 8 · Inventories for sale or use

  beginning of year $14,117 · end of year $15,827

• 9 · Prepaid expenses and deferred charges

  beginning of year $409,263 · end of year $390,303

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

  $304,741,623

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

  $48,081,043

• 10c · Land, buildings and equipment, net

  beginning of year $201,097,689 · end of year $256,660,580

• 11 · Investments: publicly traded securities

  beginning of year $16,392,781 · end of year $43,029,743

• 13 · Investments: program-related

  beginning of year $5,614,000 · end of year $4,115,000

• 15 · Other assets

  beginning of year $118,157 · end of year $465,500

• 17 · Accounts payable and accrued expenses

  beginning of year $8,135,097 · end of year $5,820,733

• 19 · Deferred revenue

  beginning of year $25,196,577 · end of year $26,136,586

• 20 · Tax-exempt bond liabilities

  beginning of year $135,920,884 · end of year $187,173,576

• 25 · Other liabilities

  beginning of year $46,182,303 · end of year $46,969,266

• 27 · Net assets without donor restrictions

  beginning of year $54,237,435 · end of year $58,224,558

The filer's explanations (Part III)

PART I, LINE 3

THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA USING AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR EACH POSITION. APART FROM PROVIDING A VEHICLE FOR THE EXECUTIVE DIRECTOR, ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. OFFICER'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. BOARD MINUTES DOCUMENT THE PROCESS AND DISCUSSION.

PART I, LINE 7

SENIOR MANAGEMENT EARNS A BONUS BASED UPON COMPANY GOALS AND PERSONAL GOALS. THE BONUS POTENTIAL IS 10-30% OF WAGES AND THE 10-30% IS EARNED IN 20% INCREMENTS. THE 20% INCREMENTAL GOALS ARE NET OPERATING MARGIN, 5-STAR CMS RATING, INDEPENDENT LIVING AVERAGE DAILY OCCUPANCY, EMPLOYEE ENGAGEMENT AND A PERSONAL TARGET.