Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $16,633,501 · related or exempt $16,633,501

• 3 · Investment income

  total $1,439,043 · excluded $1,439,043

• 7a · Gross sales of assets other than inventory

  securities $24,547,704

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

  securities $24,187,507

• 7c · Gain or loss

  securities $360,197

• 7d · Net gain or loss

  total $360,197 · excluded $360,197

• 11d · All other revenue

  total $5,665 · related or exempt $5,665

• 11e · Other revenue, total

  $5,665

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $82,578 · management and general $82,578

• 7 · Other salaries and wages

  total $8,888,972 · management and general $8,888,972

• 9 · Other employee benefits

  total $1,036,870 · management and general $1,036,870

• 10 · Payroll taxes

  total $595,455 · management and general $595,455

• 11b · Fees: legal

  total $307,350 · management and general $307,350

• 11c · Fees: accounting

  total $191,550 · management and general $191,550

• 11g · Fees: other

  total $1,815,591 · management and general $1,815,591

• 12 · Advertising and promotion

  total $521,613 · management and general $521,613

• 13 · Office expenses

  total $220,946 · management and general $220,946

• 14 · Information technology

  total $900,295 · management and general $900,295

• 16 · Occupancy

  total $663,035 · management and general $663,035

• 17 · Travel

  total $143,042 · management and general $143,042

• 19 · Conferences, conventions and meetings

  total $141,452 · management and general $141,452

• 22 · Depreciation, depletion and amortization

  total $776,770 · management and general $776,770

• 24e · All other expenses

  total $1,771 · management and general $1,771

Balance sheet

Part X, book values.

• 4 · Accounts receivable

  beginning of year $0 · end of year $3,600,320

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,389 · end of year $30,942

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

  $2,445,636

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

  $2,436,102

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $9,534

• 12 · Investments: other securities

  beginning of year $2,400,012

• 15 · Other assets

  beginning of year $2,648,624 · end of year $3,277,642

• 17 · Accounts payable and accrued expenses

  beginning of year $959,581 · end of year $5,118,052

• 19 · Deferred revenue

  beginning of year $112,209 · end of year $77,875

• 25 · Other liabilities

  beginning of year $2,615,989 · end of year $2,925,599

• 27 · Net assets without donor restrictions

  beginning of year $1,364,246 · end of year -$1,203,088

The filer's explanations (Part III)

PART I, LINE 1A

ANNUAL SOCIAL CLUB DUES ARE PAID ON BEHALF OF THE CEO, APPROVED BY THE CHAIR OF BOARD OF DIRECTORS, AND LOCATION IS USED FOR BUSINESS MEETINGS.

PART I, LINE 4B:

DURING THE CURRENT YEAR, OHIO LIVING MADE NO CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST 100% AFTER 3 FISCAL YEARS OF CONTINUED EMPLOYMENT HAVE CONCLUDED; OTHERWISE, AMOUNTS ARE FORFEITED. AWARDED DEFERRED COMPENSATION AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN C, AND WHEN VESTED ARE REPORTED IN COLUMN B(I). THERE WERE NO 403B RETIREMENT AWARDS MADE.

Related corporations and trusts

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

• OHIO PRESBYTERIAN RETIREMENT SERVICES DEVELOPMENT CORPORATION

  C · INACTIVE · OH · 100% owned · controlled entity

  Directly controlled by OHIO LIVING

• OHIO LIVING VENTURES LLC

  C · HOLD INVESTMENTS · OH · 100% owned · controlled entity

  Directly controlled by OHIO LIVING