Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,827,040

• 1f · All other contributions, gifts and grants

  $277

• 2a · Program service revenue: ASSISTED LIVING

  total $5,510,127 · related or exempt $5,510,127

• 6a · Gross rents

  real property $227,674

• 6b · Less rental expenses

  real property $230,351

• 6c · Rental income or loss

  real property -$2,677

• 6d · Net rental income or loss

  total -$2,677 · excluded -$2,677

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,255 · related or exempt $1,255

• 11e · Other revenue, total

  $1,255

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $63,002 · management and general $63,002

• 7 · Other salaries and wages

  total $3,370,926 · program services $3,080,383 · management and general $290,543

• 8 · Pension plan contributions

  total $42,963 · program services $38,540 · management and general $4,423

• 9 · Other employee benefits

  total $503,601 · program services $451,752 · management and general $51,849

• 10 · Payroll taxes

  total $256,894 · program services $230,445 · management and general $26,449

• 11b · Fees: legal

  total $3,338 · management and general $3,338

• 11c · Fees: accounting

  total $2,740 · management and general $2,740

• 12 · Advertising and promotion

  total $105,951 · management and general $105,951

• 13 · Office expenses

  total $77,865 · program services $19,050 · management and general $58,815

• 14 · Information technology

  total $63,182 · program services $50,546 · management and general $12,636

• 16 · Occupancy

  total $280,555 · program services $272,138 · management and general $8,417

• 20 · Interest

  total $1,486,088 · program services $1,486,088

• 22 · Depreciation, depletion and amortization

  total $1,058,663 · program services $1,058,663

• 23 · Insurance

  total $100,449 · program services $100,449

• 24a · Other expenses: PATIENT CARE

  total $528,454 · program services $528,454

• 24b · Other expenses: CONSULT. & PUR. SERVICE

  total $316,398 · program services $197,661 · management and general $118,737

• 24e · All other expenses

  total $148,504 · management and general $148,504

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $28,212 · end of year $25,554

• 4 · Accounts receivable

  beginning of year $133,217 · end of year $257,185

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,119 · end of year $14,039

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

  $35,468,068

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

  $5,271,330

• 10c · Land, buildings and equipment, net

  beginning of year $31,390,658 · end of year $30,196,738

• 15 · Other assets

  beginning of year $0 · end of year $440,614

• 17 · Accounts payable and accrued expenses

  beginning of year $202,312 · end of year $201,468

• 23 · Secured mortgages and notes payable

  beginning of year $26,577 · end of year $134,833

• 25 · Other liabilities

  beginning of year $34,596,337 · end of year $33,939,400

• 27 · Net assets without donor restrictions

  beginning of year -$3,268,020 · end of year -$3,341,571

The filer's explanations (Part III)

PART I, LINE 3

THE CEO IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.