Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,184,170

• 2a · Program service revenue: HEALTH CENTER REVENUE

  total $8,128,237 · related or exempt $8,128,237

• 2b · Program service revenue: CBRF REVENUE

  total $5,505,094 · related or exempt $5,505,094

• 2c · Program service revenue: INDEPENDENT LIVING REVENUE

  total $5,386,565 · related or exempt $5,386,565

• 2d · Program service revenue: ANCILLARY SERVICE REVENUE

  total $2,308,727 · related or exempt $2,308,727

• 2e · Program service revenue: RCAC REVENUE

  total $1,068,892 · related or exempt $1,068,892

• 2f · All other program service revenue

  total $96,719 · related or exempt $96,719

• 11a · Other revenue: NON-OPERATING INCOME

  total $337,068 · related or exempt $337,068

• 11e · Other revenue, total

  $337,068

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $545,439 · program services $456,482 · management and general $88,957

• 7 · Other salaries and wages

  total $8,696,927 · program services $7,220,189 · management and general $1,476,738

• 8 · Pension plan contributions

  total $288,314 · program services $241,291 · management and general $47,023

• 9 · Other employee benefits

  total $997,281 · program services $834,630 · management and general $162,651

• 10 · Payroll taxes

  total $674,291 · program services $564,318 · management and general $109,973

• 11b · Fees: legal

  total $14,604 · management and general $14,604

• 11c · Fees: accounting

  total $49,003 · management and general $49,003

• 11g · Fees: other

  total $3,588,494 · program services $3,033,399 · management and general $555,095

• 12 · Advertising and promotion

  total $47,356 · program services $39,836 · management and general $7,520

• 13 · Office expenses

  total $382,721 · program services $321,949 · management and general $60,772

• 16 · Occupancy

  total $1,305,157 · program services $1,097,914 · management and general $207,243

• 17 · Travel

  total $18,152 · program services $15,270 · management and general $2,882

• 20 · Interest

  total $832,309 · program services $832,309

• 22 · Depreciation, depletion and amortization

  total $2,343,675 · program services $2,172,502 · management and general $171,173

• 23 · Insurance

  total $209,136 · program services $175,928 · management and general $33,208

• 24a · Other expenses: FOOD & DIETARY SUPPLIES

  total $1,242,248 · program services $1,044,994 · management and general $197,254

• 24b · Other expenses: BAD DEBT EXPENSE

  total $663,904 · program services $663,904

• 24c · Other expenses: RESIDENT SUPPLIES

  total $414,152 · program services $348,390 · management and general $65,762

• 24d · Other expenses: PHARMACEUTICALS

  total $114,949 · program services $96,696 · management and general $18,253

• 24e · All other expenses

  total $208,687 · program services $175,547 · management and general $33,140

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,528,475 · end of year $3,541,731

• 2 · Savings and temporary cash investments

  beginning of year $2,541,547 · end of year $5,495,979

• 4 · Accounts receivable

  beginning of year $1,840,087 · end of year $1,479,850

• 7 · Other notes and loans receivable

  beginning of year $43,113 · end of year $43,113

• 8 · Inventories for sale or use

  beginning of year $227,879 · end of year $48,805

• 9 · Prepaid expenses and deferred charges

  beginning of year $184,983 · end of year $222,414

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

  $73,502,486

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

  $37,449,591

• 10c · Land, buildings and equipment, net

  beginning of year $37,289,804 · end of year $36,052,895

• 12 · Investments: other securities

  beginning of year $642,035 · end of year $524,998

• 15 · Other assets

  beginning of year $232,356 · end of year $757,213

• 17 · Accounts payable and accrued expenses

  beginning of year $2,057,200 · end of year $1,869,308

• 19 · Deferred revenue

  beginning of year $4,811,542 · end of year $308,823

• 20 · Tax-exempt bond liabilities

  beginning of year $25,051,942 · end of year $23,839,688

• 21 · Escrow or custodial account liability

  beginning of year $5,292 · end of year $4,517

• 25 · Other liabilities

  beginning of year $50,842 · end of year $4,212,528

• 27 · Net assets without donor restrictions

  beginning of year $16,553,461 · end of year $17,932,134

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATIONAL PERFORMANCE COMMITTEE (OPC) OF THE BOARD IS RESPONSIBLE FOR CONDUCTING THE PERFORMANCE REVIEW OF THE CEO AND MAKING A WAGE RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. THE OPC IS PROVIDED COMPARATIVE WAGE DATA ANNUALLY BY THE VICE PRESIDENT OF HUMAN RESOURCES. THE REVIEW PROCESS IS DOCUMENTED IN EXECUTIVE SESSION MINUTES.

PART I, LINE 6

PRESIDENT/CEO (KEN ARNESON), CFO/TREASURER (BILLIE JO HIGGINS), VP HEALTH & SUPPORT SERVICES (PEGGY BELLIN), VP HUMAN RESOURCES (ERIN SANDERS), AND EXECUTIVE ASSISTANT/SECRETARY (LISA RUIZ) OF EVERGREEN RETIREMENT COMMUNITY, AS MEMBERS OF THE MANAGEMENT TEAM, RECEIVE AN ANNUAL BONUS, PART OF WHICH RELATES TO THE NET INCOME OF THE ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ERC VENTURES LLC

  SENIOR LIVING · WI · income $0 · assets $0

  Directly controlled by EVERGREEN RETIREMENT COMMUNITY

• LINDEN OAKS LLC

  SENIOR LIVING · WI · income $0 · assets $0

  Directly controlled by EVERGREEN RETIREMENT COMMUNITY

Related corporations and trusts

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

• EVERGREEN VILLAGE INC

  C · CO-OPERATIVE · WI