Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $178,225

• 2a · Program service revenue: SENIOR HOUSING

  total $3,300,145 · related or exempt $3,300,145

• 3 · Investment income

  total $72 · excluded $72

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

  other assets $1,300

• 7c · Gain or loss

  other assets -$1,300

• 7d · Net gain or loss

  total -$1,300 · excluded -$1,300

• 11a · Other revenue: CATERING REVENUE

  total $2,212 · excluded $2,212

• 11b · Other revenue: OTHER RESIDENT SERVICE

  total $2,020 · excluded $2,020

• 11c · Other revenue: MISCELLANEOUS

  total $605 · excluded $605

• 11e · Other revenue, total

  $4,837

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,887,950 · program services $1,887,950

• 9 · Other employee benefits

  total $227,254 · program services $227,254

• 10 · Payroll taxes

  total $141,832 · program services $141,832

• 11a · Fees: management

  total $193,353 · management and general $193,353

• 11g · Fees: other

  total $8,745 · program services $8,745

• 12 · Advertising and promotion

  total $26,131 · management and general $26,131

• 13 · Office expenses

  total $151,198 · program services $75,599 · management and general $75,599

• 14 · Information technology

  total $67,846 · management and general $67,846

• 16 · Occupancy

  total $334,245 · program services $334,245

• 17 · Travel

  total $2,549 · program services $2,549

• 19 · Conferences, conventions and meetings

  total $5,415 · management and general $5,415

• 20 · Interest

  total $207,460 · program services $207,460

• 22 · Depreciation, depletion and amortization

  total $177,814 · program services $177,814

• 23 · Insurance

  total $95,720 · management and general $95,720

• 24a · Other expenses: RESIDENT SERVICES / FOO

  total $431,653 · program services $431,653

• 24b · Other expenses: MAINTENANCE AND REPAIRS

  total $54,882 · program services $54,882

• 24c · Other expenses: BAD DEBT EXPENSE

  total $35,831 · program services $35,831

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $33,553 · management and general $33,553

• 24e · All other expenses

  total $100 · management and general $100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $1,396

• 2 · Savings and temporary cash investments

  beginning of year $314,812 · end of year $314,156

• 4 · Accounts receivable

  beginning of year $93,340 · end of year $14,631

• 8 · Inventories for sale or use

  beginning of year $23,763 · end of year $9,815

• 9 · Prepaid expenses and deferred charges

  end of year $9,041

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

  $12,602,724

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

  $10,959,391

• 10c · Land, buildings and equipment, net

  beginning of year $1,399,857 · end of year $1,643,333

• 15 · Other assets

  beginning of year $786 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $320,102 · end of year $172,509

• 19 · Deferred revenue

  end of year $4,444

• 20 · Tax-exempt bond liabilities

  beginning of year $3,061,124 · end of year $2,949,538

• 21 · Escrow or custodial account liability

  beginning of year $786 · end of year $396

• 23 · Secured mortgages and notes payable

  beginning of year $611,800 · end of year $190,002

• 25 · Other liabilities

  beginning of year $5,467,209 · end of year $6,904,998

• 27 · Net assets without donor restrictions

  beginning of year -$7,627,963 · end of year -$8,229,515

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT & CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.