Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $236,208

• 2a · Program service revenue: Medicare and Medicaid Payment

  total $29,928,516 · related or exempt $29,928,516

• 2b · Program service revenue: Program Revenue

  total $21,201,353 · related or exempt $21,201,353

• 3 · Investment income

  total $1,046,350 · excluded $1,046,350

• 5 · Royalties

  total $456,164 · excluded $456,164

• 7a · Gross sales of assets other than inventory

  securities $141,793

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

  securities $0

• 7c · Gain or loss

  securities $141,793

• 7d · Net gain or loss

  total $141,793 · excluded $141,793

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $187,478 · program services $187,478

• 5 · Compensation of officers, directors and key employees

  total $1,083,026 · program services $1,010,359 · management and general $71,185 · fundraising $1,482

• 7 · Other salaries and wages

  total $22,047,261 · program services $20,567,969 · management and general $1,449,121 · fundraising $30,171

• 9 · Other employee benefits

  total $1,610,584 · program services $1,502,520 · management and general $105,860 · fundraising $2,204

• 10 · Payroll taxes

  total $1,705,108 · program services $1,590,702 · management and general $112,073 · fundraising $2,333

• 11b · Fees: legal

  total $6,270 · management and general $6,270

• 11c · Fees: accounting

  total $326,673 · management and general $326,673

• 11f · Fees: investment management

  total $101,574 · management and general $101,574

• 11g · Fees: other

  total $7,890,378 · program services $7,890,378

• 12 · Advertising and promotion

  total $346,612 · program services $301,842 · management and general $24,872 · fundraising $19,898

• 13 · Office expenses

  total $87,151 · management and general $87,151

• 14 · Information technology

  total $414,155 · program services $414,155

• 16 · Occupancy

  total $1,680,880 · program services $1,680,880

• 17 · Travel

  total $23,642 · management and general $23,642

• 19 · Conferences, conventions and meetings

  total $3,108 · management and general $3,108

• 20 · Interest

  total $4,828,557 · program services $4,685,309 · management and general $143,248

• 21 · Payments to affiliates

  total $165,858 · program services $165,858

• 22 · Depreciation, depletion and amortization

  total $2,612,125 · program services $2,534,654 · management and general $77,471

• 23 · Insurance

  total $978,554 · program services $978,554

• 24a · Other expenses: Food

  total $2,745,029 · program services $2,745,029

• 24b · Other expenses: Provider Tax

  total $2,021,640 · program services $2,021,640

• 24c · Other expenses: Plant Operation

  total $1,481,340 · program services $1,345,545 · management and general $134,125 · fundraising $1,670

• 24d · Other expenses: Housekeeping & Laundry

  total $314,231 · program services $313,328 · management and general $903

• 24e · All other expenses

  total $318,287 · program services $271,223 · management and general $34,814 · fundraising $12,250

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,197,895 · end of year $1,752,607

• 2 · Savings and temporary cash investments

  beginning of year $64,456 · end of year $64,456

• 4 · Accounts receivable

  beginning of year $5,287,947 · end of year $8,212,434

• 8 · Inventories for sale or use

  beginning of year $123,033 · end of year $123,033

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,622,953 · end of year $5,653,272

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

  $94,759,115

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

  $31,310,200

• 10c · Land, buildings and equipment, net

  beginning of year $65,269,246 · end of year $63,448,915

• 11 · Investments: publicly traded securities

  beginning of year $15,964,236 · end of year $17,441,067

• 13 · Investments: program-related

  beginning of year $6,086,779 · end of year $5,938,898

• 15 · Other assets

  beginning of year $7,197,772 · end of year $7,370,069

• 17 · Accounts payable and accrued expenses

  beginning of year $6,114,025 · end of year $6,793,308

• 19 · Deferred revenue

  beginning of year $438,658 · end of year $278,802

• 20 · Tax-exempt bond liabilities

  beginning of year $82,155,000 · end of year $80,880,000

• 23 · Secured mortgages and notes payable

  beginning of year $729 · end of year $31,909

• 25 · Other liabilities

  beginning of year $159,391 · end of year $50,100

• 27 · Net assets without donor restrictions

  beginning of year $15,544,774 · end of year $15,522,728

• 28 · Net assets with donor restrictions

  beginning of year $6,401,740 · end of year $6,447,904

The filer's explanations (Part III)

Part I, Line 4b

Christhopher Tomlin $20,496 Nonqualified Mike Giles $20,496 Nonqualified Compensation Process for Top Officials - The Finance Committee of the Board of the Methodist Home for the Aging shall set the compensation for the executive staff. The executive staff shall recommend compensation for key employees and staff at all the facilities. The recommendations are reviewed, approved, or modified by the finance committee.