Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,287,475

• 2a · Program service revenue: MONTHLY SERVICE FEE

  total $12,061,524 · related or exempt $12,061,524

• 2b · Program service revenue: ROOM AND BOARD

  total $7,078,182 · related or exempt $7,078,182

• 2c · Program service revenue: EARNED ADVANCE FEES

  total $5,309,568 · related or exempt $5,309,568

• 2d · Program service revenue: OTHER SERVICE FEES

  total $1,806,098 · related or exempt $1,660,492 · unrelated business $145,606

• 3 · Investment income

  total $1,060,871 · excluded $1,060,871

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

  securities $88,868 · other assets $76,655

• 7c · Gain or loss

  securities -$88,868 · other assets -$76,655

• 7d · Net gain or loss

  total -$165,523 · excluded -$165,523

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,321,884 · program services $1,150,063 · management and general $158,447 · fundraising $13,374

• 7 · Other salaries and wages

  total $9,717,841 · program services $8,454,698 · management and general $1,164,828 · fundraising $98,315

• 8 · Pension plan contributions

  total $159,875 · program services $149,268 · management and general $8,825 · fundraising $1,782

• 9 · Other employee benefits

  total $1,725,403 · program services $1,610,932 · management and general $95,241 · fundraising $19,230

• 10 · Payroll taxes

  total $836,850 · program services $781,330 · management and general $46,193 · fundraising $9,327

• 11a · Fees: management

  total $278,611 · program services $24,488 · management and general $249,700 · fundraising $4,423

• 11b · Fees: legal

  total $25,822 · program services $2,270 · management and general $23,142 · fundraising $410

• 11c · Fees: accounting

  total $112,830 · program services $9,917 · management and general $101,122 · fundraising $1,791

• 11g · Fees: other

  total $357,721 · program services $122,980 · management and general $214,854 · fundraising $19,887

• 12 · Advertising and promotion

  total $425,860 · program services $424,904 · management and general $956

• 13 · Office expenses

  total $9,329 · program services $2,914 · management and general $2,867 · fundraising $3,548

• 16 · Occupancy

  total $1,902,112 · program services $1,437,818 · management and general $428,295 · fundraising $35,999

• 17 · Travel

  total $21,001 · program services $11,257 · management and general $9,465 · fundraising $279

• 19 · Conferences, conventions and meetings

  total $120,925 · program services $64,053 · management and general $54,006 · fundraising $2,866

• 20 · Interest

  total $1,403,142 · program services $1,403,142

• 22 · Depreciation, depletion and amortization

  total $3,022,234 · program services $3,022,234

• 23 · Insurance

  total $1,126,294 · management and general $1,126,294

• 24a · Other expenses: FOOD COSTS

  total $1,548,943 · program services $1,548,943

• 24b · Other expenses: RESIDENT ACTIVITIES

  total $745,609 · program services $745,236 · management and general $254 · fundraising $119

• 24c · Other expenses: SUPPLIES

  total $571,915 · program services $529,190 · management and general $27,032 · fundraising $15,693

• 24d · Other expenses: MEDICAL EXPENSES

  total $378,123 · program services $365,792 · management and general $5,511 · fundraising $6,820

• 24e · All other expenses

  total $185,686 · program services $113,102 · management and general $19,875 · fundraising $52,709

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,545,845 · end of year $18,263,181

• 2 · Savings and temporary cash investments

  beginning of year $1,317,000 · end of year $733,043

• 4 · Accounts receivable

  beginning of year $2,641,874 · end of year $2,147,591

• 9 · Prepaid expenses and deferred charges

  beginning of year $667,276 · end of year $576,751

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

  $74,639,563

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

  $31,247,106

• 10c · Land, buildings and equipment, net

  beginning of year $44,349,096 · end of year $43,392,457

• 12 · Investments: other securities

  beginning of year $21,918,794 · end of year $20,677,713

• 15 · Other assets

  beginning of year $67,296 · end of year $54,297

• 17 · Accounts payable and accrued expenses

  beginning of year $2,506,046 · end of year $2,248,771

• 19 · Deferred revenue

  beginning of year $26,039,355 · end of year $27,016,412

• 20 · Tax-exempt bond liabilities

  beginning of year $24,028,152 · end of year $33,452,205

• 25 · Other liabilities

  beginning of year $30,863,230 · end of year $29,793,041

• 27 · Net assets without donor restrictions

  beginning of year -$9,929,602 · end of year -$8,667,367

• 28 · Net assets with donor restrictions

  end of year $2,001,971

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION INCREASES ARE BASED ON ANNUAL PERFORMANCE REVIEWS MADE BY A SUB-COMMITTEE OF THE BOARD OF DIRECTORS CHARGED WITH MONITORING PERFORMANCE.