Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $396,005

• 2a · Program service revenue: Resident services

  total $33,155,467 · related or exempt $33,155,467

• 2b · Program service revenue: Miscellaneous revenue

  total $7,224 · related or exempt $7,224

• 3 · Investment income

  total $1,200,783 · excluded $1,200,783

• 7a · Gross sales of assets other than inventory

  securities $3,891,126 · other assets $61,236

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

  securities $1,510,468 · other assets $224,242

• 7c · Gain or loss

  securities $2,380,658 · other assets -$163,006

• 7d · Net gain or loss

  total $2,217,652 · excluded $2,217,652

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $71,045 · program services $71,045

• 7 · Other salaries and wages

  total $12,683,049 · program services $9,268,292 · management and general $3,414,757

• 8 · Pension plan contributions

  total $274,544 · program services $170,618 · management and general $103,926

• 9 · Other employee benefits

  total $1,684,340 · program services $1,350,834 · management and general $333,506

• 10 · Payroll taxes

  total $980,260 · program services $746,131 · management and general $234,129

• 11b · Fees: legal

  total $46,878 · management and general $46,878

• 11c · Fees: accounting

  total $61,965 · management and general $61,965

• 11f · Fees: investment management

  total $123,683 · management and general $123,683

• 11g · Fees: other

  total $842,577 · program services $516,470 · management and general $326,107

• 12 · Advertising and promotion

  total $344,147 · program services $210,950 · management and general $133,197

• 13 · Office expenses

  total $848,746 · program services $492,143 · management and general $356,603

• 16 · Occupancy

  total $4,988,391 · program services $3,057,704 · management and general $1,930,687

• 17 · Travel

  total $77,684 · program services $47,617 · management and general $30,067

• 19 · Conferences, conventions and meetings

  total $70,504 · program services $43,216 · management and general $27,288

• 20 · Interest

  total $930,217 · program services $595,339 · management and general $334,878

• 22 · Depreciation, depletion and amortization

  total $6,215,433 · program services $3,977,877 · management and general $2,237,556

• 23 · Insurance

  total $170,440 · program services $104,474 · management and general $65,966

• 24a · Other expenses: Dining services

  total $1,910,236 · program services $1,910,236

• 24b · Other expenses: Housing/health services

  total $1,076,772 · program services $1,076,772

• 24c · Other expenses: Provider tax

  total $190,348 · program services $190,348

• 24d · Other expenses: Provision for bad debts

  total $26,939 · program services $26,939

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,712,161 · end of year $4,204,406

• 2 · Savings and temporary cash investments

  beginning of year $21,413,877 · end of year $29,636,372

• 3 · Pledges and grants receivable

  beginning of year $325,678 · end of year $512,641

• 4 · Accounts receivable

  beginning of year $468,839 · end of year $439,288

• 8 · Inventories for sale or use

  beginning of year $69,950 · end of year $89,252

• 9 · Prepaid expenses and deferred charges

  beginning of year $305,297 · end of year $315,329

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

  $178,119,306

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

  $57,112,427

• 10c · Land, buildings and equipment, net

  beginning of year $123,157,089 · end of year $121,006,879

• 11 · Investments: publicly traded securities

  beginning of year $18,761,766 · end of year $28,123,777

• 12 · Investments: other securities

  beginning of year $7,118,234 · end of year $4,400,968

• 14 · Intangible assets

  end of year $175,147

• 15 · Other assets

  beginning of year $1,639,063 · end of year $1,658,045

• 17 · Accounts payable and accrued expenses

  beginning of year $3,017,248 · end of year $2,730,855

• 19 · Deferred revenue

  beginning of year $147,440,186 · end of year $152,386,651

• 20 · Tax-exempt bond liabilities

  beginning of year $31,478,194 · end of year $29,298,097

• 25 · Other liabilities

  beginning of year $12,317,732 · end of year $17,458,921

• 27 · Net assets without donor restrictions

  beginning of year -$17,874,930 · end of year -$13,306,502

• 28 · Net assets with donor restrictions

  beginning of year $1,593,524 · end of year $1,994,082

The filer's explanations (Part III)

Part I, Line 7

The Organization has a modest bonus program for the CEO and other senior management. One of the components of the program is actual financial performance compared to budgeted financial expectations.