Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT SERVICE FEES

  total $514,125 · related or exempt $514,125

• 6a · Gross rents

  real property $270

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $270

• 6d · Net rental income or loss

  total $270 · excluded $270

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $35,006 · management and general $35,006

• 8 · Pension plan contributions

  total $1,037 · management and general $1,037

• 9 · Other employee benefits

  total $3,109 · management and general $3,109

• 10 · Payroll taxes

  total $2,605 · management and general $2,605

• 11b · Fees: legal

  total $72,935 · management and general $72,935

• 11c · Fees: accounting

  total $5,640 · management and general $5,640

• 11g · Fees: other

  total $63,754 · program services $63,448 · management and general $306

• 13 · Office expenses

  total $7,744 · program services $3,282 · management and general $4,462

• 14 · Information technology

  total $5,830 · management and general $5,830

• 16 · Occupancy

  total $442,625 · program services $85,493 · management and general $357,132

• 20 · Interest

  total $195,056 · program services $175,550 · management and general $19,506

• 22 · Depreciation, depletion and amortization

  total $214,267 · program services $192,840 · management and general $21,427

• 23 · Insurance

  total $97,737 · management and general $97,737

• 24a · Other expenses: SHARED EXP. ALLOCATION

  total $185,950 · program services $185,950

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $32,489 · program services $32,334 · management and general $155

• 24c · Other expenses: CORPORATE OVERHEAD

  total $32,392 · management and general $32,392

• 24d · Other expenses: PERSONAL SVCS RESIDENTS

  total $4,456 · program services $4,033 · management and general $423

• 24e · All other expenses

  total $1,172 · program services $54 · management and general $1,118

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250 · end of year $1,245

• 4 · Accounts receivable

  beginning of year $1,663 · end of year $500

• 9 · Prepaid expenses and deferred charges

  beginning of year $20,976 · end of year $23,650

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $8,414,685 · end of year $0

• 14 · Intangible assets

  beginning of year $248,800 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $574,270

• 17 · Accounts payable and accrued expenses

  beginning of year $96,464 · end of year $72,088

• 19 · Deferred revenue

  beginning of year $742,463 · end of year $728,653

• 23 · Secured mortgages and notes payable

  beginning of year $3,560,997 · end of year $0

• 25 · Other liabilities

  beginning of year $11,757,409 · end of year $8,159,292

• 27 · Net assets without donor restrictions

  beginning of year -$7,470,959 · end of year -$8,360,368

The filer's explanations (Part III)

PART I, LINE 3

THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, USES ALL OF THE ITEMS LISTED TO ESTABLISH COMPENSATION OF THE CEO.