Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $84,738

• 1e · Government grants (contributions)

  $188,820

• 1f · All other contributions, gifts and grants

  $483,825

• 2a · Program service revenue: RESIDENT SERVICE REVENUE

  total $33,004,213 · related or exempt $33,004,213

• 2b · Program service revenue: DEFERRED ENTRANCE FEE

  total $1,980,628 · related or exempt $1,980,628

• 2c · Program service revenue: ANCILLARY SERVICES

  total $793,086 · related or exempt $793,086

• 3 · Investment income

  total $723,512 · excluded $723,512

• 6a · Gross rents

  real property $11,600

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $11,600

• 6d · Net rental income or loss

  total $11,600 · excluded $11,600

• 7a · Gross sales of assets other than inventory

  securities $863,169

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

  securities $0

• 7c · Gain or loss

  securities $863,169

• 7d · Net gain or loss

  total $863,169 · excluded $863,169

• 8a · Fundraising events: gross income

  $23,559

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

  $84,738

• 8b · Fundraising events: direct expenses

  $30,563

• 8c · Net income from fundraising events

  total -$7,004 · excluded -$7,004

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,845 · program services $1,845

• 5 · Compensation of officers, directors and key employees

  total $731,679 · management and general $731,679

• 7 · Other salaries and wages

  total $12,626,022 · program services $8,232,304 · management and general $4,160,056 · fundraising $233,662

• 8 · Pension plan contributions

  total $306,461 · program services $206,566 · management and general $94,032 · fundraising $5,863

• 9 · Other employee benefits

  total $1,492,134 · program services $960,878 · management and general $503,983 · fundraising $27,273

• 10 · Payroll taxes

  total $955,319 · program services $592,477 · management and general $346,025 · fundraising $16,817

• 11b · Fees: legal

  total $187,296 · management and general $187,296

• 11c · Fees: accounting

  total $98,289 · management and general $98,289

• 11d · Fees: lobbying

  total $31,818 · management and general $31,818

• 11f · Fees: investment management

  total $53,295 · management and general $53,295

• 11g · Fees: other

  total $7,749,591 · program services $6,614,786 · management and general $1,131,420 · fundraising $3,385

• 12 · Advertising and promotion

  total $201,448 · program services $836 · management and general $196,885 · fundraising $3,727

• 13 · Office expenses

  total $545,654 · program services $267,750 · management and general $271,385 · fundraising $6,519

• 14 · Information technology

  total $91,811 · program services $90,492 · management and general $1,319

• 16 · Occupancy

  total $1,348,705 · program services $1,344,688 · management and general $4,017

• 17 · Travel

  total $350,783 · program services $289,681 · management and general $55,063 · fundraising $6,039

• 20 · Interest

  total $2,018,379 · program services $2,018,379

• 22 · Depreciation, depletion and amortization

  total $2,810,096 · program services $2,810,096

• 23 · Insurance

  total $436,367 · management and general $436,367

• 24a · Other expenses: FOOD

  total $3,765,903 · program services $3,765,382 · management and general $521

• 24b · Other expenses: MEDICAL SUPPLIES

  total $1,374,165 · program services $1,373,495 · fundraising $670

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $655,834 · program services $640,652 · management and general $15,182

• 24d · Other expenses: BAD DEBT EXPENSE

  total $283,975 · program services $132,506 · management and general $151,469

• 24e · All other expenses

  total $823,000 · program services $457,114 · management and general $381,258 · fundraising -$15,372

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,215 · end of year $2,000

• 2 · Savings and temporary cash investments

  beginning of year $1,622,555 · end of year $1,609,400

• 4 · Accounts receivable

  beginning of year $1,616,494 · end of year $2,097,433

• 8 · Inventories for sale or use

  beginning of year $54,830 · end of year $65,267

• 9 · Prepaid expenses and deferred charges

  beginning of year $412,666 · end of year $406,443

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

  $89,820,388

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

  $54,108,280

• 10c · Land, buildings and equipment, net

  beginning of year $36,786,148 · end of year $35,712,108

• 11 · Investments: publicly traded securities

  beginning of year $12,132,594 · end of year $13,057,340

• 12 · Investments: other securities

  beginning of year $10,327,345 · end of year $10,720,154

• 15 · Other assets

  beginning of year $3,715,874 · end of year $3,924,155

• 17 · Accounts payable and accrued expenses

  beginning of year $1,417,538 · end of year $2,403,830

• 19 · Deferred revenue

  beginning of year $69,421 · end of year $5,463

• 20 · Tax-exempt bond liabilities

  beginning of year $50,245,772 · end of year $49,557,912

• 23 · Secured mortgages and notes payable

  beginning of year $2,700,264 · end of year $2,746,884

• 25 · Other liabilities

  beginning of year $15,135,015 · end of year $15,606,419

• 27 · Net assets without donor restrictions

  beginning of year -$5,266,426 · end of year -$4,971,923

• 28 · Net assets with donor restrictions

  beginning of year $2,369,137 · end of year $2,245,715

The filer's explanations (Part III)

PART I, LINE 1A

ROTARY CLUB DUES AND GREENSBURG COUNTRY CLUB DUES ARE PAID BY THE ORGANIZATION FOR JOHN R. DICKSON, IV, PRESIDENT & CEO.

Disregarded entities

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

• PROPER CONSTRUCTION CO LLC

  TO MANAGE THE CONSTRUCTION ACTIVITY RELATING TO THE VILLA PROJECT · PA · income $0 · assets $48,604

  Directly controlled by REDSTONE PRESBYTERIAN SENIORCARE

• REDSTONE MANAGEMENT LLC

  TO MANAGE THE CONSTRUCTION ACTIVITY RELATING TO THE VILLA PROJECT · PA · income $396,014 · assets $123,075

  Directly controlled by REDSTONE PRESBYTERIAN SENIORCARE

• 5 STAR STAFFING AGENCY LLC

  TO PROVIDE STAFFING SERVICES TO NURING HOMES AND PERSONAL CARE FACILITIES · PA · income $0 · assets $0

  Directly controlled by REDSTONE PRESBYTERIAN SENIORCARE