Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,062,465

• 1g · Noncash contributions included above

  $13,373

• 2a · Program service revenue: Residential Revenue

  total $46,871,167 · related or exempt $46,871,167

• 2b · Program service revenue: Long-term Care Revenue

  total $16,378,875 · related or exempt $16,378,875

• 2c · Program service revenue: Assisted Living Revenue

  total $4,223,956 · related or exempt $4,223,956

• 2d · Program service revenue: Food Services Revenue

  total $3,637,496 · related or exempt $3,637,496

• 2e · Program service revenue: Other Resident Revenue

  total $3,082,442 · related or exempt $3,082,442

• 2f · All other program service revenue

  total $410,933 · related or exempt $410,933 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,805,049 · excluded $1,805,049

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $900,523

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

  other assets $119,670

• 7c · Gain or loss

  securities $900,523 · other assets -$119,670

• 7d · Net gain or loss

  total $780,853 · excluded $780,853

• 11a · Other revenue: Miscellaneous Revenue

  total $740,320 · excluded $740,320

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $740,320

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,447,272 · program services $1,447,272

• 2 · Grants to domestic individuals

  total $568,658 · program services $568,658

• 5 · Compensation of officers, directors and key employees

  total $1,504,630 · program services $0 · management and general $1,504,630 · fundraising $0

• 7 · Other salaries and wages

  total $25,878,450 · program services $21,813,583 · management and general $4,064,867

• 8 · Pension plan contributions

  total $867,211 · program services $690,827 · management and general $176,384

• 9 · Other employee benefits

  total $3,731,909 · program services $2,972,869 · management and general $759,040

• 10 · Payroll taxes

  total $1,961,816 · program services $1,562,798 · management and general $399,018

• 11b · Fees: legal

  total $39,588 · management and general $39,588

• 11c · Fees: accounting

  total $7,600 · management and general $7,600

• 11g · Fees: other

  total $5,426,140 · program services $5,363,022 · management and general $63,118 · fundraising $0

• 12 · Advertising and promotion

  total $1,374,529 · program services $154,227 · management and general $1,220,302

• 13 · Office expenses

  total $4,592,247 · program services $4,355,289 · management and general $236,958

• 14 · Information technology

  total $1,244,306 · program services $1,240,722 · management and general $3,584

• 16 · Occupancy

  total $3,955,240 · program services $3,955,240

• 17 · Travel

  total $189,958 · program services $179,840 · management and general $10,118

• 20 · Interest

  total $1,999,415 · program services $1,999,415

• 22 · Depreciation, depletion and amortization

  total $9,589,320 · program services $9,589,320

• 23 · Insurance

  total $771,175 · program services $300,282 · management and general $470,893

• 24a · Other expenses: Food Expense

  total $2,230,435 · program services $2,230,435

• 24b · Other expenses: Medical Supplies

  total $696,504 · program services $696,504

• 24c · Other expenses: Bad Debt

  total $257,719 · program services $257,719

• 24d · Other expenses: Continuing Education

  total $231,662 · program services $215,162 · management and general $16,500

• 24e · All other expenses

  total $343,158 · program services $259,333 · management and general $83,825 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,119 · end of year $502,995

• 2 · Savings and temporary cash investments

  beginning of year $11,875,470 · end of year $27,051,222

• 3 · Pledges and grants receivable

  beginning of year $248,672 · end of year $380,930

• 4 · Accounts receivable

  beginning of year $7,596,194 · end of year $8,406,907

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,207,905 · end of year $1,165,470

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

  $320,548,857

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

  $93,352,438

• 10c · Land, buildings and equipment, net

  beginning of year $202,928,388 · end of year $227,196,419

• 11 · Investments: publicly traded securities

  beginning of year $125,376,725 · end of year $116,413,627

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $2,275,115 · end of year $1,365,069

• 15 · Other assets

  beginning of year $1,621,052 · end of year $1,485,808

• 17 · Accounts payable and accrued expenses

  beginning of year $10,059,331 · end of year $13,077,163

• 19 · Deferred revenue

  beginning of year $149,800,590 · end of year $163,737,954

• 20 · Tax-exempt bond liabilities

  beginning of year $91,026,575 · end of year $87,796,177

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $16,952,811 · end of year $15,916,130

• 25 · Other liabilities

  beginning of year $1,488,748 · end of year $1,816,338

• 27 · Net assets without donor restrictions

  beginning of year $73,404,184 · end of year $89,809,400

• 28 · Net assets with donor restrictions

  beginning of year $10,399,401 · end of year $11,815,285

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

Officers receive a bonus to pay for taxes associated with the 162 life insurance plan. The Minister receives a housing allowance.

Schedule J, Part I, Line 4a Severance or change-of-control payment

During the year John Cowan received $143,670 related to his retirement.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Ken Kramer received $20,000 and Kevin Schwab received $30,000 in 457(f) plans.

Disregarded entities

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

• LIFEMINISTRIES OUTREACH LLC

  EDUCATING LOW-INCOME SENIORS TO ACCESS NEEDED HEALTH AND AGING SERVICES · NC · income $410,778 · assets $427,392

  Directly controlled by Givens Estates Inc

• GIVENS HIGHLAND FARMS LLC

  Senior Living and Care · NC · income $20,729,616 · assets $118,183,348

  Directly controlled by Givens Estates Inc

• Givens Gerber Park II LLC

  Senior Living and Care · NC · income $2,392,768 · assets $12,434,134

  Directly controlled by Givens Estates Inc

• Givens Choice

  home care · NC · income $379,849 · assets $3,057,822

  Directly controlled by Givens Estates Inc

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Gerber Park of Asheville III

  Excluded · Real Estate - Rental · NC · 49% owned · share of income -$14 · share of assets -$138 · general or managing partner