Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $15,363

• 1d · Related organizations

  $51,484

• 1e · Government grants (contributions)

  $893,667

• 1f · All other contributions, gifts and grants

  $235,038

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $35,989,876 · related or exempt $35,989,876

• 2b · Program service revenue: 340B DRUG PRICING PROGRAM

  total $1,973,383 · related or exempt $1,973,383

• 2c · Program service revenue: CEDARWOOD ASSISTED LIVING SVC FEE

  total $831,197 · related or exempt $831,197

• 2d · Program service revenue: CEDARWOOD: EQUITY IN JT VENTURE

  total $56,873 · related or exempt $56,873

• 2f · All other program service revenue

  total $97,522 · related or exempt $97,522

• 3 · Investment income

  total $865,843 · excluded $865,843

• 8a · Fundraising events: gross income

  $4,525

• 8a · Fundraising events: contributions included on line 1c

  $15,363

• 8b · Fundraising events: direct expenses

  $6,237

• 8c · Net income from fundraising events

  total -$1,712 · excluded -$1,712

• 11a · Other revenue: CAFETERIA

  total $228,410 · excluded $228,410

• 11e · Other revenue, total

  $228,410

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,497 · program services $4,497

• 5 · Compensation of officers, directors and key employees

  total $549,281 · management and general $549,281

• 6 · Compensation of disqualified persons

  total $312,037 · program services $171,153 · management and general $140,884

• 7 · Other salaries and wages

  total $15,602,763 · program services $14,899,481 · management and general $676,892 · fundraising $26,390

• 8 · Pension plan contributions

  total $515,082 · program services $484,393 · management and general $30,689

• 9 · Other employee benefits

  total $2,767,468 · program services $2,593,307 · management and general $174,161

• 10 · Payroll taxes

  total $1,138,062 · program services $1,050,446 · management and general $85,631 · fundraising $1,985

• 11b · Fees: legal

  total $89,584 · program services $15,685 · management and general $73,899

• 11c · Fees: accounting

  total $100,603 · management and general $100,603

• 11g · Fees: other

  total $4,904,902 · program services $3,897,164 · management and general $1,007,738

• 12 · Advertising and promotion

  total $153,618 · program services $15,638 · management and general $137,185 · fundraising $795

• 13 · Office expenses

  total $1,164,866 · program services $995,272 · management and general $169,594

• 16 · Occupancy

  total $557,213 · program services $494,601 · management and general $62,612

• 17 · Travel

  total $113,895 · program services $81,220 · management and general $32,675

• 19 · Conferences, conventions and meetings

  total $94,298 · program services $82,728 · management and general $11,570

• 20 · Interest

  total $473,537 · program services $438,058 · management and general $35,479

• 22 · Depreciation, depletion and amortization

  total $2,380,832 · program services $2,202,451 · management and general $178,381

• 23 · Insurance

  total $503,149 · management and general $503,149

• 24a · Other expenses: MEDICAL SUPPLIES

  total $5,013,438 · program services $5,013,438

• 24b · Other expenses: FOOD EXPENSE

  total $501,941 · program services $497,725 · management and general $4,216

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $219,720 · program services $99,169 · management and general $120,551

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $123,210 · program services $121,379 · management and general $1,831

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $12,078,530 · end of year $14,753,138

• 4 · Accounts receivable

  beginning of year $8,925,672 · end of year $9,066,369

• 8 · Inventories for sale or use

  beginning of year $586,307 · end of year $521,015

• 9 · Prepaid expenses and deferred charges

  beginning of year $681,175 · end of year $638,613

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

  $39,826,635

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

  $21,329,348

• 10c · Land, buildings and equipment, net

  beginning of year $18,841,648 · end of year $18,497,287

• 11 · Investments: publicly traded securities

  beginning of year $8,770,393 · end of year $10,033,854

• 13 · Investments: program-related

  beginning of year $1,532,030 · end of year $1,588,903

• 15 · Other assets

  beginning of year $288,502 · end of year $1,151,266

• 17 · Accounts payable and accrued expenses

  beginning of year $3,251,089 · end of year $3,661,505

• 20 · Tax-exempt bond liabilities

  beginning of year $6,982,715 · end of year $6,660,112

• 23 · Secured mortgages and notes payable

  beginning of year $8,414,622 · end of year $8,202,214

• 25 · Other liabilities

  beginning of year $578,062 · end of year $831,692

• 27 · Net assets without donor restrictions

  beginning of year $32,114,646 · end of year $36,569,517

• 28 · Net assets with donor restrictions

  beginning of year $363,123 · end of year $325,405

The filer's explanations (Part III)

PART I, LINE 4A

DURING THE YEAR, A SEVERANCE PAYMENT WAS MADE TO BURKE N. KLINE, A FORMER EMPLOYEE OF THE ORGANIZATION. UNDER A SEPARATION AGREEMENT AND RELEASE, THE ORGANIZATION AGREED TO PAY SEVERANCE COMPENSATION IN THE TOTAL GROSS AMOUNT OF $123,760, EQUIVALENT TO 26 WEEKS OF BASE SALARY, FOLLOWING HIS SEPARATION FROM EMPLOYMENT. IN ADDITION, IF THE EMPLOYEE ELECTED COBRA CONTINUATION COVERAGE, THE EMPLOYER AGREED TO CONTRIBUTE TO HEALTH INSURANCE PREMIUMS AT THE SAME LEVEL AS EXISTING EMPLOYEES THROUGH DECEMBER 2024. THE SEVERANCE PAYMENT WAS MADE IN ACCORDANCE WITH THE TERMS OUTLINED IN THE AGREEMENT AND WAS SUBJECT TO STANDARD PAYROLL DEDUCTIONS. THE AGREEMENT INCLUDED CONFIDENTIALITY, NON-DISPARAGEMENT, AND RELEASE OF CLAIMS PROVISIONS.

PART I, LINE 5

THE ORGANIZATION PROVIDES INCENTIVE COMPENSATION TO CERTAIN EMPLOYED PHYSICIANS AND ADVANCED PRACTICE PROVIDERS BASED ON INDIVIDUAL PRODUCTIVITY AS MEASURED BY WORK RELATIVE VALUE UNITS (WRVUS). PROVIDERS RECEIVE A BASE SALARY AND ARE ELIGIBLE FOR ADDITIONAL INCENTIVE COMPENSATION FOR WRVUS PERFORMED IN EXCESS OF AN ESTABLISHED THRESHOLD. THE INCENTIVE COMPENSATION IS CALCULATED QUARTERLY AT A FIXED WRVU CONVERSION FACTOR AND RECONCILED AGAINST A BI-WEEKLY DRAW SYSTEM. THIS INCENTIVE STRUCTURE IS BASED ON INDIVIDUAL PHYSICIAN PRODUCTIVITY AND NOT DIRECTLY ON THE OVERALL REVENUES OF THE ORGANIZATION OR ANY RELATED ENTITY.