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← EL-BEULAH RETIREMENT VILLAGE

Form 990 for tax year 2023

Filed by EL-BEULAH RETIREMENT VILLAGE.

Totals

Total revenue
$1,489,466
Total expenses
$1,365,906
Contributions and grants received
$0
Grants paid
$272,200
Program service revenue
$1,433,983
Investment income
$47,386
Other revenue
$8,097
Total assets, end of year
$7,181,316
Total liabilities, end of year
$3,081,365
Net assets or fund balances, end of year
$4,099,951
Program services expenses (Part IX)
$1,266,419
Management and general expenses
$99,487
Fundraising expenses
$0
Program service expenses (Part III)
$1,266,419

Program services were 92.7% 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 $1,361,746 · related or exempt $1,361,746

  • 2b · Program service revenue: WELLNESS CENTER FEES

    total $72,237 · related or exempt $72,237

  • 3 · Investment income

    total $47,386 · excluded $47,386

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $7,638 · related or exempt $7,638

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $459 · related or exempt $459

  • 11e · Other revenue, total

    $8,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $272,200 · program services $272,200

  • 7 · Other salaries and wages

    total $220,523 · program services $162,084 · management and general $58,439

  • 10 · Payroll taxes

    total $12,411 · program services $9,122 · management and general $3,289

  • 11c · Fees: accounting

    total $9,645 · management and general $9,645

  • 13 · Office expenses

    total $14,821 · program services $13,057 · management and general $1,764

  • 16 · Occupancy

    total $401,542 · program services $401,542

  • 20 · Interest

    total $174,695 · program services $174,695

  • 22 · Depreciation, depletion and amortization

    total $202,789 · program services $202,789

  • 23 · Insurance

    total $11,732 · program services $11,732

  • 24a · Other expenses: MISCELLANEOUS

    total $40,459 · program services $15,127 · management and general $25,332

  • 24b · Other expenses: TELEPHONE

    total $5,089 · program services $4,071 · management and general $1,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,463 · end of year $88,752

  • 2 · Savings and temporary cash investments

    beginning of year $1,365,453 · end of year $1,672,489

  • 4 · Accounts receivable

    beginning of year $28,242 · end of year $32,708

  • 7 · Other notes and loans receivable

    beginning of year $64,000 · end of year $58,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,758 · end of year $3,758

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

    $9,923,536

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

    $4,627,994

  • 10c · Land, buildings and equipment, net

    beginning of year $5,425,047 · end of year $5,295,542

  • 15 · Other assets

    beginning of year $32,408 · end of year $30,067

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,202 · end of year $68,647

  • 23 · Secured mortgages and notes payable

    beginning of year $3,046,581 · end of year $2,902,343

  • 25 · Other liabilities

    beginning of year $114,197 · end of year $110,375

  • 27 · Net assets without donor restrictions

    beginning of year $3,976,391 · end of year $4,099,951

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

  • TO PROVIDE HOUSING TO LOW/MODERATE INCOME PERSONS UNDER FEDERAL AFFORDABLE HOUSING PROGRAMS.

    Expenses $1,266,419 · Grants $272,200 · Revenue $1,369,843

  • WELLNESS PROGRAM: THE ORGANIZATION OPENED A WELLNESS FACILITY TO PROMOTE THE HEALTH OF THEIR MEMBERS. THE WELLNESS/FITNESS FACILITY OFFERS A WIDE VARIETY OF FITNESS EQUIPMENT AND CLASSES SO RESIDENTS CAN MAINTAIN GOOD HEALTH.

    Revenue $72,237

As filed on the 2023 return.

Listed in Part VII

  • Spiro Iraclianos

    ELDER

    Total calculated
    $0
    Hours/week
    1

  • Dan Beaver

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stan Hull

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rev Peter Bosworth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413189349303946

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