Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $27,442

• 1e · Government grants (contributions)

  $3,000

• 2a · Program service revenue: RESIDENT REVENUE

  total $16,574,046 · related or exempt $16,574,046

• 2b · Program service revenue: DAY CARE REVENUE

  total $70 · related or exempt $70

• 3 · Investment income

  total $18,485 · excluded $18,485

• 7a · Gross sales of assets other than inventory

  other assets $200,626

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

  other assets $221,890

• 7c · Gain or loss

  other assets -$21,264

• 7d · Net gain or loss

  total -$21,264 · excluded -$21,264

• 10a · Gross sales of inventory

  $22,729

• 10b · Cost of goods sold

  $22,126

• 10c · Net income from sales of inventory

  total $603 · excluded $603

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $108,225 · excluded $108,225

• 11b · Other revenue: DINING ROOM SALES

  total $4,654 · excluded $4,654

• 11c · Other revenue: VENDING SALES

  total $1,794 · excluded $1,794

• 11e · Other revenue, total

  $114,673

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,418,462 · program services $1,418,462

• 7 · Other salaries and wages

  total $8,209,378 · program services $7,384,320 · management and general $825,058

• 8 · Pension plan contributions

  total $188,147 · program services $169,238 · management and general $18,909

• 9 · Other employee benefits

  total $780,848 · program services $702,371 · management and general $78,477

• 10 · Payroll taxes

  total $578,138 · program services $520,034 · management and general $58,104

• 11a · Fees: management

  total $921,433 · management and general $921,433

• 11b · Fees: legal

  total $42,807 · management and general $42,807

• 11c · Fees: accounting

  total $20,168 · management and general $20,168

• 11g · Fees: other

  total $1,947,510 · program services $1,933,958 · management and general $13,552

• 12 · Advertising and promotion

  total $21,414 · management and general $21,414

• 13 · Office expenses

  total $48,971 · management and general $48,971

• 14 · Information technology

  total $152,063 · management and general $152,063

• 16 · Occupancy

  total $492,664 · program services $400,293 · management and general $92,371

• 17 · Travel

  total $6,127 · management and general $6,127

• 19 · Conferences, conventions and meetings

  total $2,455 · management and general $2,455

• 20 · Interest

  total $311,703 · program services $311,703

• 22 · Depreciation, depletion and amortization

  total $700,061 · program services $700,061

• 23 · Insurance

  total $113,107 · management and general $113,107

• 24a · Other expenses: OTHER ANCILLARY EXPENSE

  total $436,502 · program services $436,502

• 24b · Other expenses: NURSING SUPPLIES

  total $360,613 · program services $360,613

• 24c · Other expenses: BED SURCHARGE

  total $324,855 · program services $324,855

• 24d · Other expenses: FOOD COST

  total $248,544 · program services $248,544

• 24e · All other expenses

  total $877,209 · program services $585,003 · management and general $292,206

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,037,453 · end of year $1,407,892

• 2 · Savings and temporary cash investments

  beginning of year $1,803,417 · end of year $1,345,374

• 4 · Accounts receivable

  beginning of year $1,537,945 · end of year $1,965,137

• 9 · Prepaid expenses and deferred charges

  beginning of year $16,472 · end of year $19,830

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

  $17,946,345

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

  $10,205,142

• 10c · Land, buildings and equipment, net

  beginning of year $8,285,810 · end of year $7,741,203

• 15 · Other assets

  beginning of year $68,104 · end of year $3,605

• 17 · Accounts payable and accrued expenses

  beginning of year $592,501 · end of year $850,279

• 19 · Deferred revenue

  end of year $353,491

• 20 · Tax-exempt bond liabilities

  beginning of year $9,641,660 · end of year $9,314,327

• 25 · Other liabilities

  beginning of year $395,138 · end of year $249,633

• 27 · Net assets without donor restrictions

  beginning of year $3,119,902 · end of year $1,715,311

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT & CEO IS COMPENSATED BY GUARDIAN ANGELS OF ELK RIVER, A RELATED ORGANIZATION. THE FOLLOWING METHODS WERE USED TO ESTABLISH THE CEO'S COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE