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Nonprofiteer
← PENACOOK ASSISTED LIVING FACILITY INC

Form 990 for tax year 2023

Filed by PENACOOK ASSISTED LIVING FACILITY INC.

Totals

Total revenue
$3,891,859
Total expenses
$3,856,386
Contributions and grants received
$5,166
Grants paid
$0
Program service revenue
$3,833,908
Investment income
$37,391
Other revenue
$15,394
Total assets, end of year
$5,879,635
Total liabilities, end of year
$6,753,844
Net assets or fund balances, end of year
-$874,209
Program services expenses (Part IX)
$3,717,956
Management and general expenses
$138,430
Fundraising expenses
$0
Program service expenses (Part III)
$3,717,956

Program services were 96.4% 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.

  • 1f · All other contributions, gifts and grants

    $5,166

  • 2a · Program service revenue: RENTAL INCOME

    total $3,833,908 · related or exempt $3,833,908

  • 3 · Investment income

    total $41,003 · excluded $41,003

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

    other assets $3,612

  • 7c · Gain or loss

    other assets -$3,612

  • 7d · Net gain or loss

    total -$3,612 · related or exempt -$3,612

  • 11a · Other revenue: OTHER REVENUE

    total $15,394 · related or exempt $15,394

  • 11e · Other revenue, total

    $15,394

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $262,084 · program services $123,654 · management and general $138,430

  • 7 · Other salaries and wages

    total $1,079,596 · program services $1,079,596

  • 9 · Other employee benefits

    total $232,233 · program services $232,233

  • 10 · Payroll taxes

    total $106,091 · program services $106,091

  • 11b · Fees: legal

    total $899 · program services $899

  • 11c · Fees: accounting

    total $10,750 · program services $10,750

  • 12 · Advertising and promotion

    total $8,930 · program services $8,930

  • 13 · Office expenses

    total $12,277 · program services $12,277

  • 16 · Occupancy

    total $254,317 · program services $254,317

  • 17 · Travel

    total $3,081 · program services $3,081

  • 19 · Conferences, conventions and meetings

    total $261 · program services $261

  • 20 · Interest

    total $203,442 · program services $203,442

  • 22 · Depreciation, depletion and amortization

    total $375,955 · program services $375,955

  • 23 · Insurance

    total $46,561 · program services $46,561

  • 24a · Other expenses: CONTRACTED SERVICES

    total $772,018 · program services $772,018

  • 24b · Other expenses: FOOD

    total $257,948 · program services $257,948

  • 24c · Other expenses: PROPERTY TAXES

    total $80,724 · program services $80,724

  • 24d · Other expenses: COMPUTER EXPENSES

    total $34,532 · program services $34,532

  • 24e · All other expenses

    total $114,687 · program services $114,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,074,632 · end of year $2,243,879

  • 4 · Accounts receivable

    beginning of year $67,730 · end of year $56,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,838 · end of year $95,407

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

    $9,363,456

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

    $5,879,158

  • 10c · Land, buildings and equipment, net

    beginning of year $3,754,345 · end of year $3,484,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,316 · end of year $240,077

  • 19 · Deferred revenue

    beginning of year $33,707 · end of year $74,194

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,231,376 · end of year $6,067,080

  • 23 · Secured mortgages and notes payable

    beginning of year $95,168 · end of year $75,561

  • 25 · Other liabilities

    beginning of year $287,660 · end of year $296,932

  • 27 · Net assets without donor restrictions

    beginning of year -$909,682 · end of year -$874,209

Mission and programs · 2023

Mission

THE PURPOSES OF THE CORPORATION SHALL BE TO ASSIST IN THE DEVELOPMENT AND MANAGEMENT OF ADULT HEALTH CARE FACILITIES AND SERVICES FOR PERSONS AGE 55 AND OLDER IN NEED OF CARE ASSISTANCE AND TO PROVIDE OTHER AND FURTHER SERVICES AS ARE DESIRABLE TO PROMOTE THE SOCIAL WELFARE OF THE CITIZENS OF THE STATE OF NEW HAMPSHIRE.

  • QUALITY ASSISTED CARE COMMUNITY WHICH PROVIDES AFFORDABLE LIVING FOR FRAIL, ELDERLY CITIZENS.

    Expenses $3,717,956 · Revenue $3,849,302

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Hein

    EXECUTIVE DI

    Total calculated
    $135,099
    From this org
    $127,847
    From related orgs
    $0
    Other
    $7,252
    Hours/week
    40

  • Bj Entwisle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dick Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joanne Goodrich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deb Horton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Kenison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Larocque

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Lascelle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denise Martel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aki Mathieu

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christine Record

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tanya Rochette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Walker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Walls

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 July 2024
IRS schema version
2023v5.0
Source object
202422399349300347

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