Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $58,416

• 2a · Program service revenue: RENTAL INCOME

  total $553,429 · related or exempt $553,429

• 3 · Investment income

  total $136 · excluded $136

• 11a · Other revenue: OTHER OPERATING INCOME

  total $1,947 · excluded $1,947

• 11e · Other revenue, total

  $1,947

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $69,000 · management and general $69,000

• 11c · Fees: accounting

  total $53,428 · management and general $53,428

• 11g · Fees: other

  total $76,346 · program services $76,346

• 12 · Advertising and promotion

  total $425 · program services $425

• 13 · Office expenses

  total $1,124 · program services $1,124

• 16 · Occupancy

  total $59,216 · program services $59,216

• 20 · Interest

  total $24,024 · program services $24,024

• 22 · Depreciation, depletion and amortization

  total $179,617 · program services $179,617

• 23 · Insurance

  total $163,505 · program services $163,505

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $7,948 · program services $7,948

• 24b · Other expenses: EVENT EXPENSES

  total $1,267 · program services $1,267

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,733 · end of year $3,405

• 2 · Savings and temporary cash investments

  beginning of year $468,838 · end of year $260,215

• 4 · Accounts receivable

  beginning of year $27,390 · end of year $18,952

• 9 · Prepaid expenses and deferred charges

  end of year $12,360

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

  $5,211,680

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

  $2,524,457

• 10c · Land, buildings and equipment, net

  beginning of year $2,866,840 · end of year $2,687,223

• 15 · Other assets

  beginning of year $1,636,617 · end of year $2,846,234

• 17 · Accounts payable and accrued expenses

  beginning of year $133,083 · end of year $90,843

• 23 · Secured mortgages and notes payable

  beginning of year $535,121 · end of year $412,404

• 25 · Other liabilities

  beginning of year $1,750,000 · end of year $2,750,000

• 27 · Net assets without donor restrictions

  beginning of year $2,549,408 · end of year $2,527,200

• 28 · Net assets with donor restrictions

  beginning of year $47,806 · end of year $47,942

The filer's explanations (Part III)

PART I, LINE 3

EGER LUTHERAN HOMES AND SERVICES, INC. AND SUBSIDIARIES; A TAX-EXEMPT HEALTHCARE SYSTEM COMPOSED OF A NURSING HOME AND OTHER ENTITIES WHOSE PURPOSE IS TO SERVE THE COMMUNITY ("SYSTEM"). THE SYSTEM HAS AN EXECUTIVE COMMITTEE ("COMMITTEE") OF THE BOARD OF TRUSTEES. THE COMPENSATION AND BENEFITS OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER ARE REVIEWED BY THE COMMITTEE TO ENSURE FAIR MARKET VALUE COMPENSATION IS PAID. WHERE APPROPRIATE, THE BOARD REVIEWS EXTERNAL COMPARABLE DATA AND SEEKS ADVICE OF THE COMMITTEE TO ENSURE TOTAL COMPENSATION OF THIS INDIVIDUAL IS REASONABLE AT FAIR MARKET VALUE. OTHER MEMBERS OF MANAGEMENT, INCLUDING, BUT NOT LIMITED TO, THESE REPORTED ON FORM 990 ARE REVIEWED BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE VICE PRESIDENT OF HUMAN RESOURCES, IN ACCORDANCE WITH JOB PERFORMANCE AND CURRENT FAIR MARKET VALUE SALARY DATA.