Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $11,900

• 1f · All other contributions, gifts and grants

  $13,983,637

• 2a · Program service revenue: RESIDENT CARE FEES

  total $5,963,880 · related or exempt $5,963,880

• 2b · Program service revenue: CULTURAL INITIATIVES

  total $533,182 · related or exempt $533,182

• 3 · Investment income

  total $115,525 · excluded $115,525

• 7a · Gross sales of assets other than inventory

  securities $7,534,549

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

  securities $7,496,876

• 7c · Gain or loss

  securities $37,673

• 7d · Net gain or loss

  total $37,673 · excluded $37,673

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $451,137 · program services $402,216 · management and general $33,426 · fundraising $15,495

• 7 · Other salaries and wages

  total $4,702,890 · program services $4,192,919 · management and general $348,447 · fundraising $161,524

• 8 · Pension plan contributions

  total $24,872 · program services $22,175 · management and general $1,843 · fundraising $854

• 9 · Other employee benefits

  total $519,909 · program services $463,531 · management and general $38,521 · fundraising $17,857

• 10 · Payroll taxes

  total $393,248 · program services $350,605 · management and general $29,137 · fundraising $13,506

• 11b · Fees: legal

  total $32,053 · program services $215 · management and general $31,838

• 11c · Fees: accounting

  total $39,165 · program services $262 · management and general $38,903

• 11f · Fees: investment management

  total $17,271 · management and general $17,271

• 11g · Fees: other

  total $53,420 · program services $238 · management and general $35,307 · fundraising $17,875

• 12 · Advertising and promotion

  total $237,797 · program services $228,522 · management and general $4,535 · fundraising $4,740

• 13 · Office expenses

  total $127,634 · program services $85,376 · management and general $37,255 · fundraising $5,003

• 14 · Information technology

  total $73,003 · program services $63,464 · management and general $526 · fundraising $9,013

• 16 · Occupancy

  total $730,578 · program services $727,755 · management and general $2,823

• 17 · Travel

  total $25,697 · program services $6,882 · management and general $14,571 · fundraising $4,244

• 22 · Depreciation, depletion and amortization

  total $632,217 · program services $632,217

• 23 · Insurance

  total $31,714 · management and general $31,714

• 24a · Other expenses: RESIDENT ACTIVITIES, NU

  total $1,031,869 · program services $1,020,446 · management and general $11,423

• 24b · Other expenses: CULTURAL CLUBS AND EVEN

  total $576,994 · program services $575,003 · fundraising $1,991

• 24c · Other expenses: PROVIDER TAX

  total $66,752 · management and general $66,752

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $21,351 · program services $11,028 · management and general $10,323

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $66,155 · end of year $36,131

• 2 · Savings and temporary cash investments

  beginning of year $118,245 · end of year $172,913

• 3 · Pledges and grants receivable

  beginning of year $749,154 · end of year $13,048,333

• 4 · Accounts receivable

  beginning of year $46,842 · end of year $174,879

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,407 · end of year $6,205

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

  $21,029,412

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

  $10,984,830

• 10c · Land, buildings and equipment, net

  beginning of year $10,635,227 · end of year $10,044,582

• 11 · Investments: publicly traded securities

  beginning of year $1,589,493 · end of year $1,743,649

• 15 · Other assets

  beginning of year $1,582,815 · end of year $257,575

• 17 · Accounts payable and accrued expenses

  beginning of year $754,825 · end of year $540,409

• 19 · Deferred revenue

  beginning of year $72,777 · end of year $24,972

• 23 · Secured mortgages and notes payable

  beginning of year $45,459 · end of year $38,802

• 27 · Net assets without donor restrictions

  beginning of year $12,422,529 · end of year $14,114,480

• 28 · Net assets with donor restrictions

  beginning of year $1,510,748 · end of year $10,765,604

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S SALARY WILL ADJUST EACH YEAR BASED ON THE APPROVED FINANCE COMMITTEE BUDGETED PERCENTAGE INCREASE FOR ALL STAFF. IN ADDITION, THE CEO'S COMPENSATION AND PERFORMANCE MAY BE REVIEWED AND ADJUSTED BY THE BOARD ANNUALLY. ALL SALARIES OF ALL OTHER EMPLOYEES ARE DETERMINED BY SOCIETY'S CEO & ADMINISTRATOR/HR DIRECTOR.