Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $876,153

• 1g · Noncash contributions included above

  $6,677

• 2a · Program service revenue: INDEPENDENT LIVING

  total $20,568,320 · related or exempt $20,568,320

• 2b · Program service revenue: HEALTHCARE REVENUE

  total $10,077,790 · related or exempt $10,077,790

• 2c · Program service revenue: EARNED ENTRANCE FEES

  total $8,974,687 · related or exempt $8,974,687

• 2d · Program service revenue: HOME CARE REVENUE

  total $3,144,351 · related or exempt $3,144,351

• 2f · All other program service revenue

  total $5,864,106 · related or exempt $5,864,106

• 3 · Investment income

  total $1,016,565 · excluded $1,016,565

• 6a · Gross rents

  real property $286,015

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $286,015

• 6d · Net rental income or loss

  total $286,015 · excluded $286,015

• 7a · Gross sales of assets other than inventory

  securities $8,911,030

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

  securities $8,421,785 · other assets $49,386

• 7c · Gain or loss

  securities $489,245 · other assets -$49,386

• 7d · Net gain or loss

  total $439,859 · excluded $439,859

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $673,314 · program services $673,314

• 2 · Grants to domestic individuals

  total $751,453 · program services $751,453

• 5 · Compensation of officers, directors and key employees

  total $1,200,054 · program services $334,821 · management and general $865,233

• 7 · Other salaries and wages

  total $15,730,426 · program services $14,060,925 · management and general $1,600,879 · fundraising $68,622

• 8 · Pension plan contributions

  total $405,389 · program services $334,634 · management and general $68,549 · fundraising $2,206

• 9 · Other employee benefits

  total $2,665,912 · program services $2,324,528 · management and general $329,965 · fundraising $11,419

• 10 · Payroll taxes

  total $1,206,902 · program services $1,057,921 · management and general $143,905 · fundraising $5,076

• 11b · Fees: legal

  total $33,507 · management and general $33,507

• 11c · Fees: accounting

  total $63,921 · management and general $63,921

• 11e · Fees: professional fundraising services

  total $17,500 · fundraising $17,500

• 11f · Fees: investment management

  total $136,623 · management and general $136,623

• 11g · Fees: other

  total $611,641 · program services $106,230 · management and general $505,411

• 12 · Advertising and promotion

  total $209,916 · management and general $209,916

• 13 · Office expenses

  total $218,237 · program services $78,366 · management and general $139,871

• 14 · Information technology

  total $516,546 · program services $15,553 · management and general $500,993

• 16 · Occupancy

  total $1,623,768 · program services $1,623,768

• 17 · Travel

  total $1,069 · program services $939 · management and general $130

• 19 · Conferences, conventions and meetings

  total $73,458 · program services $36,782 · management and general $36,676

• 20 · Interest

  total $7,397,827 · program services $7,303,068 · management and general $94,759

• 22 · Depreciation, depletion and amortization

  total $11,961,862 · program services $11,809,039 · management and general $152,823

• 23 · Insurance

  total $409,141 · management and general $409,141

• 24a · Other expenses: DIETARY SUPPLIES

  total $1,934,913 · program services $1,934,913

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $1,112,976 · program services $1,112,976

• 24c · Other expenses: PROGRAM SUPPLIES

  total $345,536 · program services $345,536

• 24e · All other expenses

  total $1,975,554 · program services $1,233,324 · management and general $691,084 · fundraising $51,146

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,494,723 · end of year $385,922

• 2 · Savings and temporary cash investments

  end of year $821,067

• 3 · Pledges and grants receivable

  beginning of year $597,224 · end of year $303,670

• 4 · Accounts receivable

  beginning of year $382,860 · end of year $602,715

• 8 · Inventories for sale or use

  beginning of year $84,775 · end of year $79,978

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,684,999 · end of year $1,688,654

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

  $307,090,093

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

  $103,703,291

• 10c · Land, buildings and equipment, net

  beginning of year $207,209,234 · end of year $203,386,802

• 11 · Investments: publicly traded securities

  beginning of year $38,602,290 · end of year $36,326,624

• 15 · Other assets

  beginning of year $211,167 · end of year $5,129,692

• 17 · Accounts payable and accrued expenses

  beginning of year $5,475,407 · end of year $4,126,944

• 19 · Deferred revenue

  beginning of year $93,805,553 · end of year $98,382,893

• 20 · Tax-exempt bond liabilities

  beginning of year $149,009,015 · end of year $142,793,390

• 23 · Secured mortgages and notes payable

  beginning of year $20,652,786 · end of year $19,330,000

• 25 · Other liabilities

  beginning of year $218,680 · end of year $177,611

• 27 · Net assets without donor restrictions

  beginning of year -$20,244,482 · end of year -$16,604,827

• 28 · Net assets with donor restrictions

  beginning of year $2,350,313 · end of year $519,113

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF SOUTHMINSTER, INC. AS PART OF A COMPREHENSIVE REVIEW OF THE PRESIDENT'S PERFORMANCE AGAINST AGREED-UPON GOALS. PRESIDENT/CEO COMPENSATION INCLUDED AN ANNUAL BONUS BASED ON CERTAIN GOALS NOT TIED TO ORGANIZATION'S REVENUE OR NET EARNINGS, SET BY BOARD OF DIRECTORS.

PART I, LINE 4B

SOUTHMINSTER, INC. CONTRIBUTED $20,500 ON BEHALF OF CEO, BEN GILCHRIST, AND $10,000 ON BEHALF OF CFO, KENDA LAUGHEY, TO A SECTION 457 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN; KENDA LAUGHEY CONTRIBUTED $10,500 TO A SECTION 457 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN.

PART I, LINE 7

CEO COMPENSATION INCLUDED AN ANNUAL BONUS BASED ON CERTAIN GOALS NOT TIED TO ORGANIZATION'S REVENUE OR NET EARNINGS, SET BY BOARD OF DIRECTORS. DEPARTMENT HEADS' COMPENSATION INCLUDED ANNUAL BONUSES BASED ON CERTAIN GOALS NOT TIED TO ORGANIZATION'S REVENUE OR NET EARNINGS, SET BY CEO.