Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $16,120

• 2a · Program service revenue: INDEPENDENT LIVING

  total $142,578 · related or exempt $142,578

• 2b · Program service revenue: ASSISTED LIVING REVENU

  total $93,707 · related or exempt $93,707

• 2c · Program service revenue: MEMORY CARE

  total $19,500 · related or exempt $19,500

• 3 · Investment income

  total $849 · excluded $849

• 11d · All other revenue

  total $95,501 · excluded $95,501

• 11e · Other revenue, total

  $95,501

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $315,760 · program services $254,553 · management and general $61,207

• 9 · Other employee benefits

  total $12,688 · program services $10,228 · management and general $2,460

• 10 · Payroll taxes

  total $23,249 · program services $18,895 · management and general $4,354

• 11b · Fees: legal

  total $17,117 · program services $16,260 · management and general $857

• 11g · Fees: other

  total $15,581 · program services $13,970 · management and general $1,611

• 13 · Office expenses

  total $5,508 · program services $1,311 · management and general $4,197

• 14 · Information technology

  total $3,347 · management and general $3,347

• 16 · Occupancy

  total $68,644 · program services $63,929 · management and general $4,715

• 17 · Travel

  total $619 · management and general $619

• 19 · Conferences, conventions and meetings

  total $5,146 · program services $5,146

• 20 · Interest

  total $423,432 · program services $402,260 · management and general $21,172

• 22 · Depreciation, depletion and amortization

  total $144,094 · program services $136,889 · management and general $7,205

• 24a · Other expenses: PROGRAM SUPPLIES

  total $20,806 · program services $20,347 · management and general $459

• 24e · All other expenses

  total $4,429 · program services $3,392 · management and general $1,037

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $500

• 2 · Savings and temporary cash investments

  beginning of year $60,040 · end of year $99,854

• 4 · Accounts receivable

  beginning of year $5,470 · end of year $3,353

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

  $11,134,526

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

  $144,094

• 10c · Land, buildings and equipment, net

  beginning of year $10,814,148 · end of year $10,990,432

• 17 · Accounts payable and accrued expenses

  beginning of year $3,355 · end of year $6,585

• 21 · Escrow or custodial account liability

  beginning of year $2,350 · end of year $26,850

• 23 · Secured mortgages and notes payable

  beginning of year $9,283,361 · end of year $11,782,489

• 25 · Other liabilities

  beginning of year $2,305,564 · end of year $685,352

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year -$714,972 · end of year -$1,407,137

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S RELATED PARTY MARLETTE REGIONAL HOSPITAL IS RESPONSIBLE FOR THE FOLLOWING IN DETERMINING COMPENSATION: COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE