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Nonprofiteer
← GLEN HOPE HARBOR INC

Form 990 for tax year 2022

Filed by GLEN HOPE HARBOR INC.

Totals

Total revenue
-$9,635,345
Total expenses
$3,184,836
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,259,754
Investment income
-$10,895,099
Other revenue
$0
Total assets, end of year
$1,735,999
Total liabilities, end of year
$25,947,262
Net assets or fund balances, end of year
-$24,211,263
Program services expenses (Part IX)
$2,906,697
Management and general expenses
$278,139
Fundraising expenses
$0
Program service expenses (Part III)
$2,906,697

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $969,055 · related or exempt $969,055

  • 2b · Program service revenue: OTHER INCOME

    total $289,179 · related or exempt $289,179

  • 2c · Program service revenue: TENANT CHARGES

    total $1,520 · related or exempt $1,520

  • 3 · Investment income

    total $44 · excluded $44

  • 7a · Gross sales of assets other than inventory

    other assets $12,765,720

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

    other assets $23,660,863

  • 7c · Gain or loss

    other assets -$10,895,143

  • 7d · Net gain or loss

    total -$10,895,143 · excluded -$10,895,143

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $140,000 · management and general $140,000

  • 7 · Other salaries and wages

    total $662,100 · program services $662,100

  • 8 · Pension plan contributions

    total $890 · program services $890

  • 9 · Other employee benefits

    total $31,167 · program services $31,167

  • 10 · Payroll taxes

    total $76,822 · program services $76,822

  • 11a · Fees: management

    total $36,833 · management and general $36,833

  • 11b · Fees: legal

    total $18,524 · management and general $18,524

  • 11g · Fees: other

    total $56,715 · management and general $56,715

  • 12 · Advertising and promotion

    total $467,406 · program services $467,406

  • 13 · Office expenses

    total $31,389 · program services $31,389

  • 16 · Occupancy

    total $91,211 · program services $91,211

  • 17 · Travel

    total $3,567 · management and general $3,567

  • 20 · Interest

    total $267,850 · program services $267,850

  • 22 · Depreciation, depletion and amortization

    total $836,269 · program services $836,269

  • 23 · Insurance

    total $105,130 · program services $105,130

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $153,169 · program services $153,169

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $59,684 · program services $59,684

  • 24c · Other expenses: FOOD EXPENSES

    total $58,652 · program services $58,652

  • 24d · Other expenses: MISC OTHER EXPENSES

    total $43,006 · program services $43,006

  • 24e · All other expenses

    total $44,452 · program services $21,952 · management and general $22,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,709 · end of year $137,360

  • 4 · Accounts receivable

    beginning of year $125,132

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,639

  • 10c · Land, buildings and equipment, net

    beginning of year $23,660,071

  • 14 · Intangible assets

    beginning of year $1,044,212 · end of year $1,012,473

  • 15 · Other assets

    beginning of year $1,064,779 · end of year $586,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,954,935 · end of year $2,498,351

  • 19 · Deferred revenue

    beginning of year $30,268

  • 20 · Tax-exempt bond liabilities

    beginning of year $31,470,000 · end of year $19,467,601

  • 23 · Secured mortgages and notes payable

    beginning of year $3,323,142 · end of year $3,323,142

  • 25 · Other liabilities

    beginning of year $658,279 · end of year $658,168

  • 27 · Net assets without donor restrictions

    beginning of year -$11,391,082 · end of year -$24,211,263

Mission and programs · 2022

Mission

THE CORPORATION WAS ORGANIZED TO PROVIDE SERVICES BENEFICIAL TO SENIOR CITIZENS WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIA RELATED ILLNESSES.

Activities or mission (Part I)

IT IS THE MISSION OF GLEN HOPE HARBOR, INC. TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING, AND OPERATING (FOR THE LONG-TERM) QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR SENIOR CITIZENS WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIA RELATED ILLNESSES. PERSONAL CARE SUPPORT IS ALSO PROVIDED AND DESIGNED TO MEET THE NEEDS OF THE RESIDENTS.

  • AFFORDABLE RENTS AND HOUSING 96-32, WITH 144 ASSISTED LIVING MEMORY CARE UNITS IN A SENIOR LIVING RETIREMENT COMMUNITY.

    Expenses $2,906,697 · Revenue $1,259,419

As filed on the 2022 return.

Listed in Part VII

  • Randolph N Osherow

    CHAPTER 7 TR

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0

  • Lloyd Kitchen III

    PRESIDENT

    Total calculated
    $137,460
    From this org
    $0
    From related orgs
    $115,725
    Other
    $21,735
    Hours/week
    1 + 40 related

  • Robbie L Wittner

    CHAIRMAN, CO

    Total calculated
    $39,398
    From this org
    $0
    From related orgs
    $0
    Other
    $39,398
    Hours/week
    1 + 40 related

  • Lloyd Kitchen

    EXECUTIVE VP

    Total calculated
    $21,729
    From this org
    $0
    From related orgs
    $0
    Other
    $21,729
    Hours/week
    1 + 40 related

  • Ernest Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Doug Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

6 distributions to recipients named as people, $12,765,720 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349316220

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