Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,914,765

• 2a · Program service revenue: LIFE CARE COMMUNITIES

  total $8,441,289 · related or exempt $8,441,289

• 2b · Program service revenue: LAND LEASE

  total $1,076,204 · related or exempt $1,076,204

• 2c · Program service revenue: HEALTH AND WELLBEING

  total $61,775 · related or exempt $61,775

• 2d · Program service revenue: OTHER REVENUE

  total $30,203 · related or exempt $30,203

• 2f · All other program service revenue

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

• 3 · Investment income

  total $2,654,472 · unrelated business $655,508 · excluded $1,998,964

• 6a · Gross rents

  real property $703,456

• 6c · Rental income or loss

  real property $703,456 · personal property $0

• 6d · Net rental income or loss

  total $703,456 · excluded $703,456

• 7a · Gross sales of assets other than inventory

  securities $26,379,773

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

  securities $21,842,866

• 7c · Gain or loss

  securities $4,536,907 · other assets $0

• 7d · Net gain or loss

  total $4,536,907 · excluded $4,536,907

• 11a · Other revenue: LATE FEES

  total $4,000 · related or exempt $4,000

• 11b · Other revenue: EXPENSE RECAPTURE

  total $3,489 · related or exempt $3,489

• 11c · Other revenue: GAIN ON EQUITY INVESTEE

  total -$92,000 · excluded -$92,000

• 11d · All other revenue

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

• 11e · Other revenue, total

  -$84,511

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,076,606 · program services $2,076,606

• 5 · Compensation of officers, directors and key employees

  total $1,997,995 · program services $435,764 · management and general $1,562,231

• 7 · Other salaries and wages

  total $5,561,963 · program services $5,377,681 · management and general $184,282

• 8 · Pension plan contributions

  total $173,085 · program services $173,085

• 9 · Other employee benefits

  total $1,331,042 · program services $1,331,042

• 10 · Payroll taxes

  total $525,588 · program services $417,285 · management and general $108,303

• 11a · Fees: management

  total $662,418 · management and general $662,418

• 11b · Fees: legal

  total $112,371 · management and general $112,371

• 11c · Fees: accounting

  total $98,755 · management and general $98,755

• 11g · Fees: other

  total $1,700,745 · program services $1,595,198 · management and general $105,547 · fundraising $0

• 12 · Advertising and promotion

  total $346,465 · program services $267,441 · management and general $79,024

• 13 · Office expenses

  total $759,537 · program services $667,723 · management and general $91,814

• 14 · Information technology

  total $805,365 · program services $718,366 · management and general $86,999

• 16 · Occupancy

  total $759,101 · program services $122,142 · management and general $636,959

• 17 · Travel

  total $191,999 · program services $126,009 · management and general $65,990

• 19 · Conferences, conventions and meetings

  total $375,799 · program services $367,799 · management and general $8,000

• 20 · Interest

  total $2,141,598 · program services $2,141,598

• 22 · Depreciation, depletion and amortization

  total $1,086,231 · program services $725,633 · management and general $360,598

• 23 · Insurance

  total $305,973 · management and general $305,973

• 24a · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

  total $119,691 · program services $72,775 · management and general $46,916

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $54,817 · program services $26,597 · management and general $28,220

• 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 $1,674,252 · end of year $273,921

• 2 · Savings and temporary cash investments

  beginning of year $3,090,243 · end of year $3,439,833

• 4 · Accounts receivable

  beginning of year $206,619 · end of year $522,583

• 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

• 7 · Other notes and loans receivable

  beginning of year $25,236,141 · end of year $28,445,294

• 9 · Prepaid expenses and deferred charges

  beginning of year $16,916 · end of year $119,468

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

  $43,893,555

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

  $11,348,558

• 10c · Land, buildings and equipment, net

  beginning of year $32,641,471 · end of year $32,544,997

• 11 · Investments: publicly traded securities

  beginning of year $133,732,727 · end of year $134,723,206

• 12 · Investments: other securities

  beginning of year $16,973,031 · end of year $16,881,030

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $108,783 · end of year $93,017

• 15 · Other assets

  beginning of year $1,694,585 · end of year $2,414,142

• 17 · Accounts payable and accrued expenses

  beginning of year $2,259,431 · end of year $2,518,099

• 19 · Deferred revenue

  beginning of year $16,138,072 · end of year $15,686,362

• 20 · Tax-exempt bond liabilities

  beginning of year $16,440,852 · end of year $16,360,759

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $26,652,690 · end of year $28,997,117

• 25 · Other liabilities

  beginning of year $37,410,673 · end of year $37,090,704

• 27 · Net assets without donor restrictions

  beginning of year $105,847,559 · end of year $108,178,959

• 28 · Net assets with donor restrictions

  beginning of year $10,625,491 · end of year $10,625,491

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

SOME OFFICERS AND KEY EMPLOYEES PARTICIPATE IN A BOARD ENDORSED 457(B) PLAN. A NON-QUALIFIED 457(F) PLAN IS BOARD ENDORSED FOR CERTAIN EXECUTIVES. THIS PLAN CARRIES A SUBSTANTIAL RISK OF FORFEITURE IN THAT VESTING ONLY OCCURS THE EARLIER OF 5 YEARS FROM THE DATE OF DEPOSIT, AGE 60 OR RULE OF 80 (AGE AND SERVICE EQUALS 80 OR MORE). ALL DEPOSITS ARE EMPLOYER CONTRIBUTIONS. SHOULD A PARTICIPANT VOLUNTARILY TERMINATE EMPLOYMENT PRIOR TO A DEPOSIT VESTING, THE DEPOSIT IS FORFEITED. ALL DEPOSITS ARE PAID OUT AND TAXED UPON VESTING. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN IN 2023 WITH THE FOLLOWING EMPLOYER CONTRIBUTIONS FROM A RELATED ORGANIZATION: - JOSEPH E. LA RUE - $61,500 - JOHN COUTURE - $27,026 - KIMBERLEY THOMPSON - $22,783 JOSEPH LA RUE RECEIVED DISTRIBUTIONS WHICH WERE REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990.

Schedule J, Part II COMPENSATION

THE SALARY AND BENEFITS INFORMATION DISCLOSED ON SCHEDULE J, PART II, REPRESENTS THE AGGREGATE COMPENSATION TO INDIVIDUALS FOR THEIR SERVICES TO SUN HEALTH SERVICES, SUN HEALTH FOUNDATION, SUN HEALTH PARTNERS, SUN HEALTH SENIOR LIVING, LA LOMA SENIOR LIVING, SUN HEALTH COLONNADE AND GRANDVIEW TERRACE; THE LATTER THREE BEING THREE DISTINCT CONTINUING CARE RETIREMENT COMMUNITIES.

Disregarded entities

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

• SUN HEALTH SENIOR LIVING LLC

  ADMIN · AZ · income $8,441,286 · assets $1,739,566

  Directly controlled by SUN HLTH SVS

• LA LOMA MOB ONE LLC

  COMM. RENT · AZ · income $710,945 · assets $4,618,392

  Directly controlled by SUN HLTH SVS

Related corporations and trusts

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

• SUN HEALTH PARTNERS

  C Corporation · INVESTMENTS · AZ · 100% owned · share of income $91,363 · share of assets $938,227 · controlled entity

  Directly controlled by SUN HLTL SVS