Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $13,020,134

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $2,373,531

• 1e · Government grants (contributions)

  $1,982,476

• 1f · All other contributions, gifts and grants

  $172

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: Skilled Nursing

  total $37,957,654 · related or exempt $37,957,654 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Licensed Residential

  total $13,629,253 · related or exempt $13,629,253 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Program Service Fees

  total $9,916,368 · related or exempt $9,916,368 · unrelated business $0 · excluded $0

• 2d · Program service revenue: Apartment Rental

  total $4,425,955 · related or exempt $4,425,955 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $2,852,493 · related or exempt $2,852,493 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $92,586 · related or exempt $0 · unrelated business $0 · excluded $92,586

• 4 · Income from investment of tax-exempt bond proceeds

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

• 5 · Royalties

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

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $0 · other assets $136,615

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $0 · other assets $136,615

• 7d · Net gain or loss

  total $136,615 · related or exempt $136,615 · unrelated business $0 · excluded $0

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

  $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $15,053 · program services $15,053

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $867,459 · management and general $867,459

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $46,024,782 · program services $32,440,052 · management and general $13,584,730

• 8 · Pension plan contributions

  total $1,726,282 · program services $1,194,242 · management and general $532,040

• 9 · Other employee benefits

  total $4,730,768 · program services $3,272,745 · management and general $1,458,023

• 10 · Payroll taxes

  total $3,258,970 · program services $2,254,555 · management and general $1,004,415

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $369,298 · management and general $369,298

• 11c · Fees: accounting

  total $112,302 · management and general $112,302

• 11g · Fees: other

  total $3,696,389 · program services $1,341,134 · management and general $2,355,255

• 12 · Advertising and promotion

  total $419,825 · management and general $419,825

• 13 · Office expenses

  total $10,595,068 · program services $10,267,299 · management and general $327,769

• 14 · Information technology

  total $173,750 · program services $0 · management and general $173,750

• 16 · Occupancy

  total $5,849,108 · program services $5,771,900 · management and general $77,208

• 17 · Travel

  total $366,073 · program services $317,825 · management and general $48,248

• 19 · Conferences, conventions and meetings

  total $15,470 · program services $13,431 · management and general $2,039

• 20 · Interest

  total $2,206,191 · program services $2,184,129 · management and general $22,062

• 22 · Depreciation, depletion and amortization

  total $3,516,251 · program services $3,481,792 · management and general $34,459

• 23 · Insurance

  total $718,175 · program services $623,520 · management and general $94,655

• 24a · Other expenses: Bad Debt Expense

  total $777,778 · program services $777,778 · management and general $0 · fundraising $0

• 24b · Other expenses: Organizations/Memberships

  total $69,990 · program services $60,765 · management and general $9,225 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,002,938 · end of year $3,223,759

• 2 · Savings and temporary cash investments

  beginning of year $4,420,265 · end of year $3,094,537

• 3 · Pledges and grants receivable

  beginning of year $750,000 · end of year $345,216

• 4 · Accounts receivable

  beginning of year $9,693,386 · end of year $17,130,873

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,646,390 · end of year $1,902,983

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

  $116,971,709

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

  $86,029,271

• 10c · Land, buildings and equipment, net

  beginning of year $33,021,122 · end of year $30,942,438

• 11 · Investments: publicly traded securities

  beginning of year $32,003 · end of year $35,291

• 13 · Investments: program-related

  beginning of year $40,551,920 · end of year $40,551,920

• 15 · Other assets

  beginning of year $448,731 · end of year $336,492

• 17 · Accounts payable and accrued expenses

  beginning of year $25,266,127 · end of year $22,171,269

• 19 · Deferred revenue

  beginning of year $672,535 · end of year $544,912

• 20 · Tax-exempt bond liabilities

  beginning of year $30,640,000 · end of year $30,045,000

• 24 · Unsecured notes and loans payable

  beginning of year $8,000,000 · end of year $3,419,185

• 25 · Other liabilities

  beginning of year $8,297,657 · end of year $13,613,333

• 27 · Net assets without donor restrictions

  beginning of year $14,466,695 · end of year $17,546,069

• 28 · Net assets with donor restrictions

  beginning of year $10,223,741 · end of year $10,223,741

The filer's explanations (Part III)

Schedule J, Part I, Line 7

Employees of the organization that are involved with direct care of residents may receive bonus and incentive compensation for picking up extra shifts beyond their normal schedule, so that the nursing home is appropriately staffed at all times. Administrative employees may receive bonus compensation for attaining certain organizational goals as determined by the CEO or Board of Trustees.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• R H Myers Apartments LLC

  Apartments · OH · income $4,578,714 · assets $1,540,904

  Directly controlled by Menorah Park Center for Senior Living