Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,585,081

• 1f · All other contributions, gifts and grants

  $6,050

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $24,140,715 · related or exempt $24,140,715

• 3 · Investment income

  total $254,787 · excluded $254,787

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

  securities $411,940

• 7c · Gain or loss

  securities -$411,940

• 7d · Net gain or loss

  total -$411,940 · excluded -$411,940

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $143,625 · related or exempt $143,625

• 11e · Other revenue, total

  $143,625

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $14,281,008 · program services $13,361,780 · management and general $919,228

• 9 · Other employee benefits

  total $954,144 · program services $888,345 · management and general $65,799

• 10 · Payroll taxes

  total $1,086,162 · program services $1,011,259 · management and general $74,903

• 11a · Fees: management

  total $1,456,148 · management and general $1,456,148

• 11b · Fees: legal

  total $29,567 · management and general $29,567

• 11c · Fees: accounting

  total $76,554 · management and general $76,554

• 11f · Fees: investment management

  total $53,999 · management and general $53,999

• 11g · Fees: other

  total $70,178 · management and general $70,178

• 12 · Advertising and promotion

  total $15,733 · program services $9,172 · management and general $6,561

• 13 · Office expenses

  total $274,167 · program services $159,830 · management and general $114,337

• 14 · Information technology

  total $167,792 · program services $97,817 · management and general $69,975

• 16 · Occupancy

  total $1,014,628 · program services $1,014,628

• 17 · Travel

  total $4,693 · program services $2,737 · management and general $1,956

• 19 · Conferences, conventions and meetings

  total $26,492 · program services $15,444 · management and general $11,048

• 20 · Interest

  total $464,125 · program services $464,125

• 22 · Depreciation, depletion and amortization

  total $1,392,000 · program services $1,392,000

• 23 · Insurance

  total $414,428 · management and general $414,428

• 24a · Other expenses: PURCHASED SERVICES

  total $860,512 · program services $501,649 · management and general $358,863

• 24b · Other expenses: FOOD EXPENSE

  total $845,307 · program services $845,307

• 24c · Other expenses: NURSING FACILITY USER F

  total $736,170 · program services $736,170

• 24d · Other expenses: NURSING SUPPLIES

  total $609,202 · program services $609,202

• 24e · All other expenses

  total $1,075,429 · program services $895,785 · management and general $179,644

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $718,465 · end of year $178,952

• 2 · Savings and temporary cash investments

  beginning of year $90,334

• 3 · Pledges and grants receivable

  end of year $45,664

• 4 · Accounts receivable

  beginning of year $2,420,952 · end of year $2,099,038

• 9 · Prepaid expenses and deferred charges

  beginning of year $134,364 · end of year $269,901

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

  $49,652,962

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

  $22,111,542

• 10c · Land, buildings and equipment, net

  beginning of year $28,296,299 · end of year $27,541,420

• 11 · Investments: publicly traded securities

  beginning of year $9,500,645 · end of year $11,304,111

• 15 · Other assets

  beginning of year $2,930,649 · end of year $2,197,541

• 17 · Accounts payable and accrued expenses

  beginning of year $1,523,676 · end of year $1,208,899

• 19 · Deferred revenue

  beginning of year $22,595 · end of year $285,002

• 20 · Tax-exempt bond liabilities

  beginning of year $15,633,828 · end of year $14,844,569

• 23 · Secured mortgages and notes payable

  beginning of year $16,176,491 · end of year $16,717,809

• 24 · Unsecured notes and loans payable

  beginning of year $2,579,605

• 25 · Other liabilities

  beginning of year $1,340,587 · end of year $1,406,217

• 27 · Net assets without donor restrictions

  beginning of year $268,291 · end of year $3,150,634

• 28 · Net assets with donor restrictions

  beginning of year $6,546,635 · end of year $6,023,497

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S CEO IS PAID BY A RELATED ORGANIZATION, CHELSEA JEWISH LIFECARE. CHELSEA JEWISH LIFECARE USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE