Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $26,818

• 1e · Government grants (contributions)

  $40,998,144

• 1f · All other contributions, gifts and grants

  $1,867,225

• 1g · Noncash contributions included above

  $276,314

• 2a · Program service revenue: PROGRAM SERVICE FEES

  total $1,374,860 · related or exempt $1,374,860

• 2b · Program service revenue: SOCIAL VENTURE INCOME

  total $1,107,097 · related or exempt $1,107,097

• 2c · Program service revenue: RESIDENT CONTRIBUTION

  total $1,040,704 · related or exempt $1,040,704

• 2d · Program service revenue: PROGRAM RELATED RENTAL INCOME

  total $595,024 · related or exempt $595,024

• 2e · Program service revenue: PRIVATE CONTRACTS

  total $301,823 · related or exempt $301,823

• 3 · Investment income

  total $103,669 · excluded $103,669

• 7a · Gross sales of assets other than inventory

  other assets $7,325,378

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

  other assets $2,314,993

• 7c · Gain or loss

  other assets $5,010,385

• 7d · Net gain or loss

  total $5,010,385 · excluded $5,010,385

• 8a · Fundraising events: gross income

  $285,283

• 8a · Fundraising events: contributions included on line 1c

  $26,818

• 8b · Fundraising events: direct expenses

  $285,283

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: OTHER INCOME

  total $53,571 · excluded $53,571

• 11b · Other revenue: EXPENSE REIMBURSEMENT REVENUE

  total $475 · related or exempt $475

• 11e · Other revenue, total

  $54,046

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $270,850 · program services $270,850

• 5 · Compensation of officers, directors and key employees

  total $1,498,726 · program services $1,263,207 · management and general $190,850 · fundraising $44,669

• 7 · Other salaries and wages

  total $26,308,961 · program services $22,166,447 · management and general $3,359,215 · fundraising $783,299

• 9 · Other employee benefits

  total $4,026,740 · program services $3,415,182 · management and general $489,370 · fundraising $122,188

• 10 · Payroll taxes

  total $2,065,013 · program services $1,778,904 · management and general $234,955 · fundraising $51,154

• 11b · Fees: legal

  total $118,578 · program services $66,049 · management and general $39,762 · fundraising $12,767

• 11c · Fees: accounting

  total $243,283 · program services $135,510 · management and general $81,579 · fundraising $26,194

• 11g · Fees: other

  total $2,830,752 · program services $1,576,750 · management and general $949,220 · fundraising $304,782

• 12 · Advertising and promotion

  total $31,918 · program services $15,382 · management and general $2,946 · fundraising $13,590

• 13 · Office expenses

  total $786,525 · program services $557,501 · management and general $166,553 · fundraising $62,471

• 16 · Occupancy

  total $2,536,937 · program services $2,196,230 · management and general $340,707

• 17 · Travel

  total $417,405 · program services $326,811 · management and general $89,414 · fundraising $1,180

• 20 · Interest

  total $126,038 · program services $84,721 · management and general $41,317

• 22 · Depreciation, depletion and amortization

  total $460,622 · program services $421,046 · management and general $38,979 · fundraising $597

• 23 · Insurance

  total $363,152 · program services $265,999 · management and general $95,978 · fundraising $1,175

• 24a · Other expenses: CLIENT RENT

  total $2,632,629 · program services $2,632,629

• 24b · Other expenses: BAD DEBT

  total $2,041,530 · program services $2,041,530

• 24c · Other expenses: UTILITIES & TELEPHONE

  total $900,991 · program services $853,140 · management and general $47,851 · fundraising $0

• 24d · Other expenses: CLIENT EXPENSE

  total $698,550 · program services $687,875 · management and general $4,792 · fundraising $5,883

• 24e · All other expenses

  total $2,259,160 · program services $1,571,402 · management and general $627,984 · fundraising $59,774

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,157,031 · end of year $8,424,199

• 4 · Accounts receivable

  beginning of year $8,817,554 · end of year $7,319,271

• 9 · Prepaid expenses and deferred charges

  beginning of year $935,936 · end of year $804,396

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

  $27,683,056

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

  $6,098,850

• 10c · Land, buildings and equipment, net

  beginning of year $23,700,906 · end of year $21,584,206

• 11 · Investments: publicly traded securities

  beginning of year $52,317 · end of year $55,145

• 12 · Investments: other securities

  beginning of year $2,537 · end of year $2,815

• 15 · Other assets

  beginning of year $10,932,450 · end of year $9,608,724

• 17 · Accounts payable and accrued expenses

  beginning of year $4,463,651 · end of year $3,885,612

• 19 · Deferred revenue

  beginning of year $2,259,590 · end of year $3,536,648

• 23 · Secured mortgages and notes payable

  beginning of year $4,843,093 · end of year $4,781,341

• 25 · Other liabilities

  beginning of year $10,866,587 · end of year $9,567,909

• 27 · Net assets without donor restrictions

  beginning of year $23,074,752 · end of year $25,115,148

• 28 · Net assets with donor restrictions

  beginning of year $1,091,058 · end of year $912,098

The filer's explanations (Part III)

PART I, LINE 1A

HEALTH CLUB MEMBERSHIP - EMPLOYEES MAY RECEIVE A PARTIAL REIMBURSEMENT TO THEIR GYM MEMBERSHIP AS A TAXABLE FRINGE BENEFIT.