Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,400

• 1g · Noncash contributions included above

  $2,400

• 2a · Program service revenue: RENTAL INCOME FROM AGRACE HOSPICE, INC.

  total $2,868,514 · related or exempt $2,868,514

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $28,060 · excluded $28,060

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $461,671

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

  other assets $496,390

• 7c · Gain or loss

  securities $0 · other assets -$34,719

• 7d · Net gain or loss

  total -$34,719 · excluded -$34,719

• 8c · Net income from fundraising events

  total $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $250,000 · program services $250,000

• 11c · Fees: accounting

  total $45,728 · management and general $45,728

• 11g · Fees: other

  total $213,865 · program services $0 · management and general $213,865 · fundraising $0

• 20 · Interest

  total $37,346 · program services $29,703 · management and general $7,643

• 22 · Depreciation, depletion and amortization

  total $2,499,460 · program services $1,987,969 · management and general $511,491

• 24a · Other expenses: Durable medical equipment maintenance & repairs

  total $28,334 · program services $28,334

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,617,286 · end of year $1,130,376

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  end of year $557,418

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,810 · end of year $0

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

  $52,027,764

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

  $28,540,336

• 10c · Land, buildings and equipment, net

  beginning of year $23,422,989 · end of year $23,487,428

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,053,284 · end of year $995,225

• 17 · Accounts payable and accrued expenses

  beginning of year $120,996 · end of year $303,690

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $450,702 · end of year $551,564

• 27 · Net assets without donor restrictions

  beginning of year $25,525,671 · end of year $25,315,193

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE ORGANIZATION RELIED ON AGRACE HOSPICECARE, A RELATED TAX-EXEMPT ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OTHER OFFICERS AND KEY EMPLOYEES. BELOW IS THE PROCESS USED BY AGRACE HOSPICECARE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. EACH YEAR THE ORGANIZATION GATHERS MARKET DATA FOR DETERMINING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS INCLUDES BENCHMARKS OF NATIONAL, REGIONAL, AND LOCAL COMPENSATION THAT ARE PROVIDED FROM INDEPENDENT COMPENSATION SURVEYS. THE VP, HUMAN RESOURCES PRESENTS THIS INFORMATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, ALONG WITH PERTINENT 990 COMPENSATION REPORTING BY SIMILAR SIZED NON-PROFIT HOSPICES BASED ON THIS INFORMATION, THE EXECUTIVE COMMITTEE SETS AND APPROVES THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER FOR THE YEAR AND CONTEMPORANEOUSLY DOCUMENTS THEIR APPROVAL IN WRITING. THIS PROCESS OCCURS ANNUALLY IN FEBRUARY.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Lynne Sexten participated in a 457(f) plan. A distribution of $63,690 was made from the plan during 2024. A contribution in the amount of $27,000 was made to the plan during 2024.