Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $16,150

• 1f · All other contributions, gifts and grants

  $133,089

• 2a · Program service revenue: Resident fees

  total $5,930,337 · related or exempt $5,930,337

• 2b · Program service revenue: Cooperative fees

  total $241,501 · related or exempt $241,501

• 2c · Program service revenue: Lifeline fees

  total $34,184 · related or exempt $34,184

• 2d · Program service revenue: Dining services

  total $29,001 · related or exempt $29,001

• 2e · Program service revenue: Room rentals

  total $7,200 · related or exempt $7,200

• 3 · Investment income

  total $34,335 · excluded $34,335

• 7a · Gross sales of assets other than inventory

  other assets $5,000

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

  other assets $0

• 7c · Gain or loss

  other assets $5,000

• 7d · Net gain or loss

  total $5,000 · excluded $5,000

• 8a · Fundraising events: gross income

  $2,630

• 8a · Fundraising events: contributions included on line 1c

  $16,150

• 8b · Fundraising events: direct expenses

  $5,816

• 8c · Net income from fundraising events

  total -$3,186 · excluded -$3,186

• 9a · Gaming: gross income

  $1,240

• 9b · Gaming: direct expenses

  $620

• 9c · Net income from gaming

  total $620 · excluded $620

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $166,342 · program services $24,951 · management and general $141,391

• 7 · Other salaries and wages

  total $2,785,745 · program services $2,367,883 · management and general $417,862

• 8 · Pension plan contributions

  total $48,926 · program services $41,587 · management and general $7,339

• 9 · Other employee benefits

  total $690,860 · program services $587,231 · management and general $103,629

• 10 · Payroll taxes

  total $215,066 · program services $182,806 · management and general $32,260

• 11b · Fees: legal

  total $297 · management and general $297

• 11c · Fees: accounting

  total $5,500 · management and general $5,500

• 11d · Fees: lobbying

  total $131 · management and general $131

• 11g · Fees: other

  total $561,147 · program services $448,918 · management and general $112,229

• 12 · Advertising and promotion

  total $25,483 · program services $20,386 · management and general $5,097

• 13 · Office expenses

  total $137,967 · program services $110,374 · management and general $27,593

• 16 · Occupancy

  total $446,783 · program services $357,426 · management and general $89,357

• 17 · Travel

  total $8,493 · program services $8,493

• 19 · Conferences, conventions and meetings

  total $39,177 · program services $31,342 · management and general $7,835

• 20 · Interest

  total $215,175 · program services $172,140 · management and general $43,035

• 22 · Depreciation, depletion and amortization

  total $392,923 · program services $314,338 · management and general $78,585

• 23 · Insurance

  total $31,690 · program services $31,690

• 24a · Other expenses: Dining and nutrition

  total $308,088 · program services $308,088

• 24b · Other expenses: Medical supplies

  total $29,740 · program services $29,740

• 24c · Other expenses: Workshops/seminars

  total $5,700 · program services $5,700

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $258,266 · end of year $326,984

• 2 · Savings and temporary cash investments

  beginning of year $810,631 · end of year $870,971

• 4 · Accounts receivable

  beginning of year $97,504 · end of year $68,426

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,752 · end of year $29,106

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

  $13,291,709

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

  $9,001,470

• 10c · Land, buildings and equipment, net

  beginning of year $4,541,409 · end of year $4,290,239

• 14 · Intangible assets

  beginning of year $130,000 · end of year $130,000

• 15 · Other assets

  beginning of year $131,165 · end of year $81,628

• 17 · Accounts payable and accrued expenses

  beginning of year $651,245 · end of year $652,385

• 20 · Tax-exempt bond liabilities

  beginning of year $4,868,497 · end of year $4,348,929

• 25 · Other liabilities

  beginning of year $1,624,930 · end of year $1,620,987

• 27 · Net assets without donor restrictions

  beginning of year -$1,179,007 · end of year -$865,412

• 28 · Net assets with donor restrictions

  beginning of year $41,062 · end of year $40,465

The filer's explanations (Part III)

Part I, Line 3

The President and CEO of Birch Bay Retirement Village (BBRV) is paid by a related organization, Mount Desert Island Hospital. The Hospital uses a Board compensation committee and compensation survey data to determine their compensation.

Part I, Line 7

Performance-based variable compensation which is subject to review annually by a board compensation committee.

Related corporations and trusts

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

• Mount Desert Management Company

  C · Real Estate Development · ME · 100% owned · share of income $27,750 · share of assets $770,869 · controlled entity

  Directly controlled by Birch Bay Retirement Village