Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TENANT ASSITANT PYM

  total $1,225,984 · related or exempt $1,225,984

• 2b · Program service revenue: APARTMENT INCOME

  total $606,958 · related or exempt $606,958

• 2c · Program service revenue: ELDERLY/CONGREGATE

  total $77,357 · related or exempt $77,357

• 3 · Investment income

  total $399 · excluded $399

• 11a · Other revenue: MISC. REVENUE-EXCLUDED

  total $7,541 · excluded $7,541

• 11e · Other revenue, total

  $7,541

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $498,758 · program services $184,595 · management and general $314,163

• 8 · Pension plan contributions

  total $14,940 · program services $5,581 · management and general $9,359

• 9 · Other employee benefits

  total $99,182 · program services $37,052 · management and general $62,130

• 10 · Payroll taxes

  total $27,450 · program services $10,255 · management and general $17,195

• 11c · Fees: accounting

  total $23,640 · management and general $23,640

• 11g · Fees: other

  total $130,610 · program services $129,722 · management and general $888

• 12 · Advertising and promotion

  total $4,713 · management and general $4,713

• 13 · Office expenses

  total $85,142 · program services $56,067 · management and general $29,075

• 16 · Occupancy

  total $445,517 · program services $442,379 · management and general $3,138

• 20 · Interest

  total $30 · program services $30

• 22 · Depreciation, depletion and amortization

  total $291,343 · program services $289,291 · management and general $2,052

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $167,427 · program services $166,248 · management and general $1,179

• 24b · Other expenses: FOOD COSTS

  total $78,365 · program services $78,365

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $40,088 · end of year $99,077

• 4 · Accounts receivable

  beginning of year $196,515 · end of year $157,950

• 9 · Prepaid expenses and deferred charges

  beginning of year $43,275 · end of year $45,350

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

  $8,216,168

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

  $6,961,712

• 10c · Land, buildings and equipment, net

  beginning of year $1,447,027 · end of year $1,254,456

• 15 · Other assets

  beginning of year $236,291 · end of year $311,008

• 17 · Accounts payable and accrued expenses

  beginning of year $86,400 · end of year $111,971

• 21 · Escrow or custodial account liability

  beginning of year $54,970 · end of year $57,968

• 23 · Secured mortgages and notes payable

  beginning of year $3,535,212 · end of year $3,435,930

• 24 · Unsecured notes and loans payable

  end of year $0

• 25 · Other liabilities

  beginning of year $382,142 · end of year $306,377

• 27 · Net assets without donor restrictions

  beginning of year -$2,095,528 · end of year -$2,044,405

The filer's explanations (Part III)

PART 1, LINE 3

LYNGBLOMSTEN CARE CENTER, INC. PAYS THE COMPENSATION FOR THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION. LYNGBLOMSTEN APARTMENTS, INC. THEN REIMBURSES LYNGBLOMSTEN CARE CENTER, INC. FOR ALL SALARIES AND BENEFIT EXPENSES. LYNGBLOMSTEN CARE CENTER, INC. USES THE FOLLOWING WHEN DETERMINING COMPENSATION FOR OFFICERS AND EMPLOYEES: (1) COMPENSATION COMMITTEE, (2) INDEPENDENT COMPENSATION CONSULTANT, (3) COMPENSATION SURVEY OR STUDY, AND (4) APPROVAL BY BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.