Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,496,333

• 1d · Related organizations

  $433,226

• 1f · All other contributions, gifts and grants

  $6,074,621

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $681,746 · excluded $681,746

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $10,909,100

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

  securities $10,693,728

• 7c · Gain or loss

  securities $215,372 · other assets $0

• 7d · Net gain or loss

  total $215,372 · excluded $215,372

• 8a · Fundraising events: gross income

  $128,000

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

  $1,496,333

• 8b · Fundraising events: direct expenses

  $487,991

• 8c · Net income from fundraising events

  total -$359,991 · excluded -$359,991

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,849,491 · program services $25,849,491

• 7 · Other salaries and wages

  total $741,279 · fundraising $741,279

• 9 · Other employee benefits

  total $249,978 · fundraising $249,978

• 10 · Payroll taxes

  total $56,708 · fundraising $56,708

• 11a · Fees: management

  total $56,679 · management and general $56,679

• 11b · Fees: legal

  total $63,234 · management and general $63,234

• 11c · Fees: accounting

  total $17,502 · management and general $17,502

• 11d · Fees: lobbying

  total $169,466 · program services $169,466

• 11e · Fees: professional fundraising services

  total $88,554 · fundraising $88,554

• 11f · Fees: investment management

  total $500 · management and general $500

• 11g · Fees: other

  total $65,369 · program services $40,253 · management and general $0 · fundraising $25,116

• 13 · Office expenses

  total $130,780 · management and general $30,392 · fundraising $100,388

• 16 · Occupancy

  total $17,603 · program services $17,603

• 20 · Interest

  total $864,409 · management and general $864,409

• 24a · Other expenses: Bad Debt

  total $313,467 · management and general $313,467

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,129,406 · end of year $227,201

• 3 · Pledges and grants receivable

  beginning of year $9,550,862 · end of year $8,186,390

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,712 · end of year $74,167

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $18,505,927 · end of year $14,703,110

• 12 · Investments: other securities

  beginning of year $19,077,330 · end of year $2,211,142

• 13 · Investments: program-related

  beginning of year $49,799,457

• 15 · Other assets

  beginning of year $307,152 · end of year $41,637,918

• 17 · Accounts payable and accrued expenses

  beginning of year $2,485,854 · end of year $2,533,510

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $41,858,683 · end of year $42,107,406

• 25 · Other liabilities

  beginning of year $13,512,068 · end of year $36,595

• 27 · Net assets without donor restrictions

  beginning of year $17,949,928 · end of year $4,346,609

• 28 · Net assets with donor restrictions

  beginning of year $22,616,313 · end of year $18,015,808

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION.