Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,099,018

• 1f · All other contributions, gifts and grants

  $447,497

• 2a · Program service revenue: RESIDENT REVENUE

  total $40,356,351 · related or exempt $40,356,351

• 2b · Program service revenue: ENTRANCE FEES EARNED

  total $4,531,777 · related or exempt $4,531,777

• 2f · All other program service revenue

  total $751,621 · related or exempt $751,621

• 3 · Investment income

  total $84,728 · related or exempt $84,728

• 6a · Gross rents

  real property $310,222

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $310,222

• 6d · Net rental income or loss

  total $310,222 · related or exempt $310,222

• 7a · Gross sales of assets other than inventory

  securities $22,268,579 · other assets $1,500,000

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

  securities $21,745,307 · other assets $192,852

• 7c · Gain or loss

  securities $523,272 · other assets $1,307,148

• 7d · Net gain or loss

  total $1,830,420 · excluded $1,830,420

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $17,607,193 · program services $16,964,478 · management and general $520,717 · fundraising $121,998

• 8 · Pension plan contributions

  total $229,985 · program services $154,791 · management and general $75,194

• 9 · Other employee benefits

  total $1,445,512 · program services $972,897 · management and general $472,615

• 10 · Payroll taxes

  total $1,261,888 · program services $1,122,809 · management and general $127,108 · fundraising $11,971

• 11a · Fees: management

  total $2,028,233 · management and general $2,028,233

• 11b · Fees: legal

  total $442,065 · management and general $442,065

• 11c · Fees: accounting

  total $92,743 · management and general $92,743

• 11f · Fees: investment management

  total $24,343 · management and general $24,343

• 11g · Fees: other

  total $2,168,528 · program services $1,145,611 · management and general $1,022,917

• 12 · Advertising and promotion

  total $292,722 · management and general $267,481 · fundraising $25,241

• 13 · Office expenses

  total $778,982 · program services $85,623 · management and general $630,538 · fundraising $62,821

• 16 · Occupancy

  total $1,797,470 · program services $1,689,622 · management and general $107,848

• 17 · Travel

  total $92,193 · program services $16,155 · management and general $64,362 · fundraising $11,676

• 19 · Conferences, conventions and meetings

  total $38,136 · program services $5,067 · management and general $32,160 · fundraising $909

• 20 · Interest

  total $4,260,812 · program services $4,244,050 · management and general $16,762

• 22 · Depreciation, depletion and amortization

  total $7,129,444 · program services $6,701,677 · management and general $427,767

• 23 · Insurance

  total $362,924 · program services $144,689 · management and general $218,235

• 24a · Other expenses: SUPPLIES

  total $3,339,808 · program services $3,339,808

• 24b · Other expenses: FOOD

  total $1,986,098 · program services $1,986,098

• 24c · Other expenses: EQUIPMENT EXPENSES

  total $1,480,544 · program services $740,272 · management and general $740,272

• 24d · Other expenses: GENERAL AND ADMINISTRAT

  total $618,791 · program services $581,664 · management and general $37,127

• 24e · All other expenses

  total $527,294 · program services $155,177 · management and general $368,869 · fundraising $3,248

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,400 · end of year $1,400

• 2 · Savings and temporary cash investments

  beginning of year $1,766,148 · end of year $3,036,583

• 4 · Accounts receivable

  beginning of year $4,528,110 · end of year $4,286,583

• 8 · Inventories for sale or use

  beginning of year $80,646 · end of year $114,444

• 9 · Prepaid expenses and deferred charges

  beginning of year $39,554 · end of year $250,241

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

  $208,238,188

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

  $100,111,300

• 10c · Land, buildings and equipment, net

  beginning of year $113,597,916 · end of year $108,126,888

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $5,689,305

• 12 · Investments: other securities

  beginning of year $23,505,939 · end of year $20,458,601

• 15 · Other assets

  beginning of year $4,660,977 · end of year $5,069,117

• 17 · Accounts payable and accrued expenses

  beginning of year $8,746,773 · end of year $6,654,522

• 19 · Deferred revenue

  beginning of year $27,512,701 · end of year $27,318,869

• 20 · Tax-exempt bond liabilities

  beginning of year $77,046,109 · end of year $103,420,488

• 23 · Secured mortgages and notes payable

  beginning of year $26,250,000 · end of year $0

• 25 · Other liabilities

  beginning of year $53,626,729 · end of year $52,131,523

• 27 · Net assets without donor restrictions

  beginning of year -$45,911,102 · end of year -$44,127,313

• 28 · Net assets with donor restrictions

  beginning of year $909,480 · end of year $1,635,073

The filer's explanations (Part III)

PART I, LINE 3

ALL OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. ALL EMPLOYEES (INCLUDING THE TOP MANAGEMENT AND KEY EMPLOYEES) ARE COMPARED PERIODICALLY TO WAGE DATA THAT IS DEVELOPED INDEPENDENTLY THROUGH A LOCAL EMPLOYERS AND TRADE ASSOCIATION. THE WAGES ARE REVIEWED TO CONFIRM THEY ARE COMPETITIVE IN THE LOCAL MARKET AND ALIGNED WITH INDUSTRY COMPS. THE COMPENSATION OF THE CEO IS APPROVED BY THE BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE AS THE BOARD'S DESIGNEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.