Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $315,622

• 2a · Program service revenue: RESIDENT/RENT REVENUE

  total $6,867,091 · related or exempt $6,867,091

• 3 · Investment income

  total $3,373 · excluded $3,373

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

  securities $2,964

• 7c · Gain or loss

  securities -$2,964

• 7d · Net gain or loss

  total -$2,964 · excluded -$2,964

• 11a · Other revenue: BEAUTY/BARBER SHOP

  total $18,665 · excluded $18,665

• 11e · Other revenue, total

  $18,665

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $58,278 · management and general $58,278

• 7 · Other salaries and wages

  total $2,424,171 · program services $2,254,214 · management and general $169,957

• 9 · Other employee benefits

  total $189,356 · program services $156,890 · management and general $32,466

• 10 · Payroll taxes

  total $187,537 · program services $171,311 · management and general $16,226

• 11a · Fees: management

  total $504,096 · management and general $504,096

• 11b · Fees: legal

  total $1,630 · program services $1,630

• 11c · Fees: accounting

  total $19,300 · program services $19,300

• 11g · Fees: other

  total $3,213,848 · program services $3,213,848

• 12 · Advertising and promotion

  total $7,866 · program services $7,866

• 13 · Office expenses

  total $97,806 · program services $71,481 · management and general $26,325

• 14 · Information technology

  total $47,040 · program services $47,040

• 16 · Occupancy

  total $554,384 · program services $554,384

• 17 · Travel

  total $23,783 · program services $23,783

• 19 · Conferences, conventions and meetings

  total $307 · program services $307

• 20 · Interest

  total $471,014 · program services $471,014

• 22 · Depreciation, depletion and amortization

  total $349,093 · program services $349,093

• 24a · Other expenses: FRANCHISE FEES

  total $331,675 · program services $331,675

• 24b · Other expenses: MEDICAL SUPPLIES/DRUGS

  total $310,663 · program services $310,663

• 24c · Other expenses: BAD DEBT

  total $220,900 · program services $220,900

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $46,427 · end of year $50,443

• 4 · Accounts receivable

  beginning of year $1,047,970 · end of year $798,848

• 9 · Prepaid expenses and deferred charges

  beginning of year $117,238 · end of year $112,824

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

  $8,822,873

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

  $1,407,168

• 10c · Land, buildings and equipment, net

  beginning of year $7,472,770 · end of year $7,415,705

• 12 · Investments: other securities

  beginning of year $234,418

• 15 · Other assets

  beginning of year $1,931,136 · end of year $2,017,234

• 17 · Accounts payable and accrued expenses

  beginning of year $542,321 · end of year $951,140

• 23 · Secured mortgages and notes payable

  beginning of year $9,124,385 · end of year $8,898,180

• 25 · Other liabilities

  beginning of year $199,189 · end of year $19,652

• 27 · Net assets without donor restrictions

  beginning of year $984,064 · end of year $526,082

The filer's explanations (Part III)

PART I, LINE 3:

OHIO LIVING FOUNDATION RELIED ON A RELATED ORGANIZATION (OHIO LIVING) THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B:

THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST 100% AFTER 3 FISCAL YEARS OF CONTINUED EMPLOYMENT HAVE CONCLUDED; OTHERWISE, AMOUNTS ARE FORFEITED. AWARDED DEFERRED COMPENSATION AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN C, AND WHEN VESTED ARE REPORTED IN COLUMN B(I). THERE WERE NO 403B RETIREMENT AWARDS MADE.

Disregarded entities

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

• QUAKER HEIGHTS LLC

  PROPERTY HOLDING COMPANY · OH · income $0 · assets $0

  Directly controlled by OHIO LIVING QUAKER HEIGHTS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• OHIO PRESBYTERIAN RETIREMENT SERVICES DEVELOPMENT CORPORATION

  C · INACTIVE · OH · controlled entity

• OHIO LIVING VENTURES LLC

  C · HOLD INVESTMENT · OH · controlled entity