Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,750

• 2a · Program service revenue: Resident services

  total $22,569,707 · related or exempt $22,569,707

• 2b · Program service revenue: Miscellaneous Revenue

  total $48,401 · related or exempt $48,401

• 3 · Investment income

  total $760,246 · excluded $760,246

• 7a · Gross sales of assets other than inventory

  securities $5,142,399 · other assets $17,054

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

  securities $4,126,174 · other assets $0

• 7c · Gain or loss

  securities $1,016,225 · other assets $17,054

• 7d · Net gain or loss

  total $1,033,279 · excluded $1,033,279

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $128,134 · program services $128,134

• 5 · Compensation of officers, directors and key employees

  total $580,050 · management and general $580,050

• 7 · Other salaries and wages

  total $9,251,031 · program services $7,169,592 · management and general $2,081,439

• 8 · Pension plan contributions

  total $184,579 · program services $113,337 · management and general $71,242

• 9 · Other employee benefits

  total $1,120,451 · program services $911,182 · management and general $209,269

• 10 · Payroll taxes

  total $742,182 · program services $568,290 · management and general $173,892

• 11b · Fees: legal

  total $21,014 · management and general $21,014

• 11c · Fees: accounting

  total $43,450 · management and general $43,450

• 11f · Fees: investment management

  total $141,737 · management and general $141,737

• 11g · Fees: other

  total $508,612 · program services $350,864 · management and general $157,748

• 12 · Advertising and promotion

  total $354,273 · management and general $354,273

• 13 · Office expenses

  total $858,357 · program services $196,652 · management and general $661,705

• 16 · Occupancy

  total $3,605,654 · program services $1,886,887 · management and general $1,718,767

• 17 · Travel

  total $59,145 · program services $5,928 · management and general $53,217

• 19 · Conferences, conventions and meetings

  total $48,782 · program services $12,523 · management and general $36,259

• 20 · Interest

  total $724,957 · program services $463,972 · management and general $260,985

• 22 · Depreciation, depletion and amortization

  total $3,790,993 · program services $2,426,236 · management and general $1,364,757

• 23 · Insurance

  total $162,935 · program services $104,278 · management and general $58,657

• 24a · Other expenses: Dining services

  total $1,408,136 · program services $1,408,136

• 24b · Other expenses: Health services

  total $1,026,023 · program services $1,026,023

• 24c · Other expenses: Provider Tax

  total $151,745 · program services $151,745

• 24d · Other expenses: Housekeeping & Laundry

  total $78,419 · program services $78,419

• 24e · All other expenses

  total $17,000 · program services $17,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,187,628 · end of year $1,806,165

• 2 · Savings and temporary cash investments

  beginning of year $18,156,083 · end of year $23,440,540

• 3 · Pledges and grants receivable

  beginning of year $304,472 · end of year $289,562

• 4 · Accounts receivable

  beginning of year $381,380 · end of year $499,878

• 8 · Inventories for sale or use

  beginning of year $38,319 · end of year $46,878

• 9 · Prepaid expenses and deferred charges

  beginning of year $137,757 · end of year $142,331

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

  $164,603,251

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

  $49,129,531

• 10c · Land, buildings and equipment, net

  beginning of year $85,182,512 · end of year $115,473,720

• 11 · Investments: publicly traded securities

  beginning of year $34,640,303 · end of year $15,900,121

• 12 · Investments: other securities

  end of year $9,718,627

• 15 · Other assets

  beginning of year $455,789 · end of year $2,012,043

• 17 · Accounts payable and accrued expenses

  beginning of year $4,730,334 · end of year $7,647,407

• 19 · Deferred revenue

  beginning of year $90,447,467 · end of year $92,554,304

• 20 · Tax-exempt bond liabilities

  beginning of year $44,221,822 · end of year $70,603,092

• 25 · Other liabilities

  beginning of year $13,257,872 · end of year $15,401,778

• 27 · Net assets without donor restrictions

  beginning of year -$13,712,819 · end of year -$18,179,847

• 28 · Net assets with donor restrictions

  beginning of year $1,539,567 · end of year $1,303,131

The filer's explanations (Part III)

Part I, Line 7

The Organization has a modest bonus program for the CEO and other senior management. One of the components of the program is actual financial performance compared to budgeted financial expectations.