Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $980,281

• 1e · Government grants (contributions)

  $62,220

• 1f · All other contributions, gifts and grants

  $3,427

• 2a · Program service revenue: NET RESIDENT REVENUE

  total $7,115,470 · related or exempt $7,115,470

• 6a · Gross rents

  real property $16,424

• 6b · Less rental expenses

  real property $10,811

• 6c · Rental income or loss

  real property $5,613

• 6d · Net rental income or loss

  total $5,613 · excluded $5,613

• 11a · Other revenue: LOGGING INCOME

  total $20,032 · excluded $20,032

• 11b · Other revenue: MISCELLANEOUS

  total $62 · excluded $62

• 11e · Other revenue, total

  $20,094

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $4,019,148 · program services $3,731,115 · management and general $288,033

• 8 · Pension plan contributions

  total $100,825 · program services $94,177 · management and general $6,648

• 9 · Other employee benefits

  total $491,073 · program services $455,860 · management and general $35,213

• 10 · Payroll taxes

  total $292,269 · program services $271,460 · management and general $20,809

• 11a · Fees: management

  total $89,505 · management and general $89,505

• 11b · Fees: legal

  total $318 · management and general $318

• 11c · Fees: accounting

  total $6,000 · management and general $6,000

• 11d · Fees: lobbying

  total $907 · management and general $907

• 11g · Fees: other

  total $441,913 · program services $436,248 · management and general $5,665

• 12 · Advertising and promotion

  total $1,071 · management and general $1,071

• 13 · Office expenses

  total $152,224 · program services $126,059 · management and general $26,165

• 14 · Information technology

  total $133,973 · program services $32,788 · management and general $101,185

• 16 · Occupancy

  total $226,860 · program services $226,860

• 17 · Travel

  total $49,774 · program services $36,564 · management and general $13,210

• 20 · Interest

  total $155,775 · program services $155,775

• 22 · Depreciation, depletion and amortization

  total $299,644 · program services $299,644

• 23 · Insurance

  total $64,027 · management and general $64,027

• 24a · Other expenses: I.V. CARE & SUPPLIES

  total $269,483 · program services $269,483

• 24b · Other expenses: FOOD

  total $164,027 · program services $163,709 · management and general $318

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $133,009 · program services $131,573 · management and general $1,436

• 24d · Other expenses: PA NURSING HOME ASSESSM

  total $118,666 · program services $118,666

• 24e · All other expenses

  total $310,615 · program services $212,612 · management and general $98,003

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $247,076 · end of year $449,040

• 4 · Accounts receivable

  beginning of year $750,174 · end of year $871,137

• 8 · Inventories for sale or use

  beginning of year $8,179 · end of year $8,990

• 9 · Prepaid expenses and deferred charges

  beginning of year $78,475 · end of year $40,435

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

  $9,032,466

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

  $3,526,736

• 10c · Land, buildings and equipment, net

  beginning of year $5,540,058 · end of year $5,505,730

• 11 · Investments: publicly traded securities

  beginning of year $18,686 · end of year $10,492

• 15 · Other assets

  beginning of year $92 · end of year $91

• 17 · Accounts payable and accrued expenses

  beginning of year $315,543 · end of year $440,035

• 19 · Deferred revenue

  end of year $11,380

• 20 · Tax-exempt bond liabilities

  beginning of year $2,645,000 · end of year $2,419,189

• 21 · Escrow or custodial account liability

  beginning of year $18,686 · end of year $10,492

• 25 · Other liabilities

  beginning of year $5,777,311 · end of year $5,452,620

• 27 · Net assets without donor restrictions

  beginning of year -$2,115,236 · end of year -$1,452,664

• 28 · Net assets with donor restrictions

  beginning of year $1,436 · end of year $4,863

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE RELATED ENTITY GARDEN SPOT COMMUNITIES APPROVES ALL SALARIES FOR OFFICERS AND TOP MANAGEMENT. SALARIES ARE DETERMINED BASED ON REVIEW OF AN ANNUAL SURVEY PROVIDED BY A TRADE ASSOCIATION, TO ENSURE COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. COMPENSATION REVIEW IS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETING.