Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,262,966

• 1g · Noncash contributions included above

  $889,588

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $21,551,610 · related or exempt $21,551,610

• 2b · Program service revenue: EARNED ENTRANCE FEES

  total $11,263,510 · related or exempt $11,263,510

• 2c · Program service revenue: MANOR RESIDENT REVENUE

  total $8,950,396 · related or exempt $8,950,396

• 2d · Program service revenue: ASSISTED LIVING RESIDENT REVENUE

  total $4,420,565 · related or exempt $4,420,565

• 2e · Program service revenue: OTHER PROGRAM REVENUE

  total $593,651 · related or exempt $593,651

• 2f · All other program service revenue

  total $321,659 · related or exempt $321,659

• 3 · Investment income

  total $2,296,679 · excluded $2,296,679

• 6a · Gross rents

  real property $309,118

• 6b · Less rental expenses

  real property $56,708

• 6c · Rental income or loss

  real property $252,410

• 6d · Net rental income or loss

  total $252,410 · excluded $252,410

• 7a · Gross sales of assets other than inventory

  securities $8,565,697

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

  securities $7,769,021

• 7c · Gain or loss

  securities $796,676

• 7d · Net gain or loss

  total $796,676 · excluded $796,676

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $601,339 · program services $601,339

• 5 · Compensation of officers, directors and key employees

  total $1,573,798 · program services $228,366 · management and general $1,345,432

• 7 · Other salaries and wages

  total $12,585,728 · program services $10,264,500 · management and general $2,321,228

• 8 · Pension plan contributions

  total $447,282 · program services $360,356 · management and general $86,926

• 9 · Other employee benefits

  total $2,006,248 · program services $1,395,572 · management and general $610,676

• 10 · Payroll taxes

  total $1,043,293 · program services $813,271 · management and general $230,022

• 11a · Fees: management

  total $508,453 · program services $508,453

• 11b · Fees: legal

  total $367,541 · management and general $367,541

• 11c · Fees: accounting

  total $122,320 · management and general $122,320

• 11f · Fees: investment management

  total $184,116 · management and general $184,116

• 11g · Fees: other

  total $1,057,163 · program services $939,016 · management and general $118,147

• 12 · Advertising and promotion

  total $225,941 · program services $71,832 · management and general $154,109

• 13 · Office expenses

  total $194,749 · program services $27,583 · management and general $167,166

• 14 · Information technology

  total $91,203 · management and general $91,203

• 16 · Occupancy

  total $6,973,369 · program services $5,542,403 · management and general $1,401,363 · fundraising $29,603

• 17 · Travel

  total $52,350 · program services $12,975 · management and general $39,375

• 19 · Conferences, conventions and meetings

  total $57,805 · program services $29,751 · management and general $28,054

• 20 · Interest

  total $5,199,746 · management and general $5,199,746

• 22 · Depreciation, depletion and amortization

  total $10,204,734 · program services $10,204,734

• 23 · Insurance

  total $965,766 · management and general $965,766

• 24a · Other expenses: EQUIP. RENTAL/REPAIRS

  total $284,951 · program services $101,707 · management and general $183,244

• 24b · Other expenses: BAD DEBT EXPENSES

  total $280,081 · program services $280,081

• 24c · Other expenses: DUES AND SUBS

  total $82,857 · program services $34,799 · management and general $47,880 · fundraising $178

• 24d · Other expenses: LICENSES & FEES

  total $77,445 · program services $77,445

• 24e · All other expenses

  total $743,010 · program services $353,201 · management and general $382,654 · fundraising $7,155

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,854,245 · end of year $1,057,993

• 2 · Savings and temporary cash investments

  beginning of year $2,589,598 · end of year $483,630

• 4 · Accounts receivable

  beginning of year $1,743,187 · end of year $840,794

• 8 · Inventories for sale or use

  beginning of year $56,155 · end of year $60,904

• 9 · Prepaid expenses and deferred charges

  beginning of year $399,528 · end of year $386,391

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

  $258,815,208

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

  $84,627,092

• 10c · Land, buildings and equipment, net

  beginning of year $176,729,913 · end of year $174,188,116

• 11 · Investments: publicly traded securities

  beginning of year $65,639,396 · end of year $81,507,522

• 15 · Other assets

  beginning of year $5,240,033 · end of year $4,767,380

• 17 · Accounts payable and accrued expenses

  beginning of year $3,722,333 · end of year $4,126,070

• 19 · Deferred revenue

  beginning of year $83,405,005 · end of year $83,798,485

• 20 · Tax-exempt bond liabilities

  beginning of year $116,626,840 · end of year $114,820,059

• 21 · Escrow or custodial account liability

  beginning of year $20,250,565 · end of year $19,780,209

• 23 · Secured mortgages and notes payable

  beginning of year $7,339,738 · end of year $6,009,415

• 25 · Other liabilities

  beginning of year $1,494,109 · end of year $1,465,044

• 27 · Net assets without donor restrictions

  beginning of year $20,627,968 · end of year $32,439,291

• 28 · Net assets with donor restrictions

  beginning of year $785,497 · end of year $854,157

The filer's explanations (Part III)

PART I, LINE 4B

IN MAY 2014, THE ORGANIZATION ADOPTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) UNDER SECTION 457(F) COVERING CERTAIN KEY EMPLOYEES AS SELECTED BY THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF TRUSTEES. EACH ANNUAL DISCRETIONARY CONTRIBUTION THE ORGANIZATION CONTRIBUTES TO THE PARTICIPANTS VESTS AS DETERMINED BY THE EXECUTIVE COMMITTEE. UPON VESTING, DEATH, PERMANENT DISABILITY, OR TERMINATION WITHOUT CAUSE, THE PARTICIPANT OR BENEFICIARY WILL RECEIVE A LUMP-SUM DISTRIBUTION WITHIN 60 DAYS. ALL OTHER SEPARATION FROM SERVICE RESULTS IN FORFEITURE. THE FOLLOWING CONTRIBUTIONS WERE MADE DURING THE FISCAL YEAR: NIKKI LEWIS- $22,500 COLLEEN RYAN MALLON $20,451 TOMAS MENDEZ $19,255 MICHELLE MCPARLAND $16,295 JENNIFER HOUGHTALING $12,470 THE FOLLOWING DISTRIBUTIONS WERE MADE DURING THE YEAR: TIM JOHNSON'S BALANCE WAS DISTRIBUTED IN JANUARY 2023 TOTALING $220,004. THIS AMOUNT WAS INCLUDED IN W-2 WAGES.

PART I, LINE 6

THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR EXECUTIVES, VICE PRESIDENTS AND OTHER LEADERSHIP POSITIONS. NET INCOME IS ONE OF SEVERAL FACTORS INCLUDED IN THE PLAN. OTHER FACTORS INCLUDE ADHERENCE TO BUDGETS, OCCUPANCY, AND COMPLETING A SMART GOAL.