Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $265,000

• 2a · Program service revenue: Administrative Fees

  total $4,580,080 · related or exempt $4,580,080

• 2b · Program service revenue: Lease Revenue

  total $3,027,136 · related or exempt $3,027,136

• 3 · Investment income

  total $1,229,658 · excluded $1,229,658

• 7a · Gross sales of assets other than inventory

  securities $217,404

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

  securities $130,202

• 7c · Gain or loss

  securities $87,202

• 7d · Net gain or loss

  total $87,202 · excluded $87,202

• 11a · Other revenue: Insurance/Storm Damage

  total $50,596 · related or exempt $50,596

• 11e · Other revenue, total

  $50,596

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $78,725 · program services $78,725

• 11c · Fees: accounting

  total $33,827 · program services $33,827

• 11f · Fees: investment management

  total $229,471 · management and general $229,471

• 11g · Fees: other

  total $248,200 · program services $248,200

• 13 · Office expenses

  total $7,709 · program services $7,709

• 16 · Occupancy

  total $256,055 · program services $256,055

• 17 · Travel

  total $28 · program services $28

• 20 · Interest

  total $918,125 · program services $918,125

• 22 · Depreciation, depletion and amortization

  total $1,401,219 · program services $1,401,219

• 23 · Insurance

  total $96,052 · program services $96,052

• 24a · Other expenses: Administrative Fees

  total $4,769,548 · management and general $4,769,548

• 24b · Other expenses: Licenses Dues Fees

  total $307 · program services $307

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $974,881 · end of year $877,729

• 4 · Accounts receivable

  beginning of year $501,569 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,533 · end of year $25,029

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

  $69,554,076

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

  $19,607,078

• 10c · Land, buildings and equipment, net

  beginning of year $29,623,911 · end of year $49,946,998

• 11 · Investments: publicly traded securities

  beginning of year $37,411,774 · end of year $41,722,819

• 17 · Accounts payable and accrued expenses

  beginning of year $52,740 · end of year $116,052

• 20 · Tax-exempt bond liabilities

  beginning of year $12,785,469 · end of year $11,750,931

• 23 · Secured mortgages and notes payable

  beginning of year $2,127,882 · end of year $19,018,244

• 25 · Other liabilities

  beginning of year $8,978,865 · end of year $9,381,818

• 27 · Net assets without donor restrictions

  beginning of year $44,531,913 · end of year $52,305,530

• 28 · Net assets with donor restrictions

  beginning of year $47,799 · end of year $0

The filer's explanations (Part III)

Part I, Line 3

All compensation is paid by Nexus Family Healing, a related organization. Nexus Family Healing uses these methods in establishing compensation for all executive positions throughout the affiliated organizations.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Nexus-FACT Family Healing

  C · Mental Health Services · MN