Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $677,264

• 1f · All other contributions, gifts and grants

  $71,063

• 2a · Program service revenue: RESIDENT SERVICES

  total $9,432,062 · related or exempt $9,432,062

• 2b · Program service revenue: DIETARY INCOME

  total $2,203,153 · related or exempt $2,203,153

• 3 · Investment income

  total $80,876 · excluded $80,876

• 6a · Gross rents

  real property $24,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $24,000

• 6d · Net rental income or loss

  total $24,000 · excluded $24,000

• 11a · Other revenue: MISC INCOME

  total $34,239 · excluded $34,239

• 11b · Other revenue: CAFETERIA & GUEST MEALS

  total $42 · excluded $42

• 11e · Other revenue, total

  $34,281

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,631 · program services $11,631

• 7 · Other salaries and wages

  total $6,075,547 · program services $5,988,813 · management and general $86,734

• 8 · Pension plan contributions

  total $65,799 · program services $60,709 · management and general $5,090

• 9 · Other employee benefits

  total $614,912 · program services $566,676 · management and general $48,236

• 10 · Payroll taxes

  total $458,146 · program services $422,705 · management and general $35,441

• 11b · Fees: legal

  total $3,175 · management and general $3,175

• 11c · Fees: accounting

  total $41,572 · management and general $41,572

• 11g · Fees: other

  total $913,864 · program services $837,525 · management and general $76,339

• 12 · Advertising and promotion

  total $29,201 · management and general $29,201

• 13 · Office expenses

  total $22,462 · management and general $22,462

• 14 · Information technology

  total $72,322 · management and general $72,322

• 16 · Occupancy

  total $205,873 · program services $205,873

• 20 · Interest

  total $46,465 · program services $46,465

• 22 · Depreciation, depletion and amortization

  total $530,215 · program services $530,215

• 23 · Insurance

  total $157,133 · program services $157,133

• 24a · Other expenses: FOOD

  total $1,323,351 · program services $1,323,351

• 24b · Other expenses: PROGRAM SUPPLIES

  total $316,653 · program services $316,653

• 24c · Other expenses: MISCELLANEOUS

  total $114,380 · management and general $114,380

• 24d · Other expenses: LICENSES

  total $38,120 · program services $38,120

• 24e · All other expenses

  total $18,461 · program services $8,237 · management and general $10,224

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,464,087 · end of year $3,545,717

• 4 · Accounts receivable

  beginning of year $3,746,535 · end of year $4,345,501

• 9 · Prepaid expenses and deferred charges

  beginning of year $40,332 · end of year $44,513

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

  $13,593,136

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

  $7,549,218

• 10c · Land, buildings and equipment, net

  beginning of year $6,245,275 · end of year $6,043,918

• 11 · Investments: publicly traded securities

  beginning of year $1,711,434 · end of year $1,982,434

• 15 · Other assets

  beginning of year $125,685 · end of year $133,926

• 17 · Accounts payable and accrued expenses

  beginning of year $463,710 · end of year $436,976

• 19 · Deferred revenue

  end of year $471,996

• 20 · Tax-exempt bond liabilities

  beginning of year $1,476,203 · end of year $1,049,234

• 21 · Escrow or custodial account liability

  beginning of year $42,068 · end of year $54,221

• 25 · Other liabilities

  beginning of year $0 · end of year $5,753

• 27 · Net assets without donor restrictions

  beginning of year $12,349,572 · end of year $14,033,102

• 28 · Net assets with donor restrictions

  beginning of year $1,795 · end of year $44,727

The filer's explanations (Part III)

PART I, LINE 3

THE ADMINISTRATOR'S COMPENSATION IS DETERMINED BY MOUNT OLIVET CAREVIEW HOME. THE FOLLOWING WERE USED BY MOUNT OLIVET CARVIEW HOMES IN DETERMINING THE ADMINISTRATOR'S COMPENSATION: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Disregarded entities

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

• MOUNT OLIVET HOME FOUNDATION LLC

  FOUNDATION · MN · income $41,852 · assets $1,982,434

  Directly controlled by MOUNT OLIVET HOME