Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,107,362

• 1g · Noncash contributions included above

  $17,277

• 2a · Program service revenue: Residential Revenue

  total $53,703,064 · related or exempt $53,703,064

• 2b · Program service revenue: Long-term Care Revenue

  total $17,373,952 · related or exempt $17,373,952

• 2c · Program service revenue: Assisted Living Revenue

  total $4,665,289 · related or exempt $4,665,289

• 2d · Program service revenue: Food Services Revenue

  total $4,036,902 · related or exempt $4,036,902

• 2e · Program service revenue: Other Resident Revenue

  total $2,614,813 · related or exempt $2,614,813

• 2f · All other program service revenue

  total $299,105 · related or exempt $299,105 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $3,237,689 · excluded $3,237,689

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $5,404,217

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

  other assets -$10,111

• 7c · Gain or loss

  securities $5,404,217 · other assets $10,111

• 7d · Net gain or loss

  total $5,414,328 · excluded $5,414,328

• 11a · Other revenue: Hurricane Insurance Proceeds

  total $7,500,000 · excluded $7,500,000

• 11b · Other revenue: Miscellaneous Revenue

  total $1,490,716 · excluded $1,490,716

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $8,990,716

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,123,613 · program services $1,123,613

• 2 · Grants to domestic individuals

  total $311,539 · program services $311,539

• 5 · Compensation of officers, directors and key employees

  total $1,532,203 · management and general $1,532,203

• 7 · Other salaries and wages

  total $29,979,493 · program services $25,655,726 · management and general $4,323,767

• 8 · Pension plan contributions

  total $992,111 · program services $807,742 · management and general $184,369

• 9 · Other employee benefits

  total $4,195,035 · program services $3,415,451 · management and general $779,584

• 10 · Payroll taxes

  total $2,128,981 · program services $1,733,342 · management and general $395,639

• 11b · Fees: legal

  total $23,356 · management and general $23,356

• 11c · Fees: accounting

  total $2,031 · management and general $2,031

• 11g · Fees: other

  total $3,614,369 · program services $3,560,883 · management and general $53,486 · fundraising $0

• 12 · Advertising and promotion

  total $1,473,279 · program services $116,847 · management and general $1,356,432

• 13 · Office expenses

  total $3,944,549 · program services $3,731,016 · management and general $213,533

• 14 · Information technology

  total $1,311,006 · program services $1,311,006

• 16 · Occupancy

  total $4,177,215 · program services $4,177,215

• 17 · Travel

  total $184,909 · program services $176,824 · management and general $8,085

• 20 · Interest

  total $2,904,816 · program services $2,904,816

• 22 · Depreciation, depletion and amortization

  total $10,824,975 · program services $10,824,975

• 23 · Insurance

  total $781,778 · program services $292,133 · management and general $489,645

• 24a · Other expenses: Hurricane Expenses

  total $9,114,326 · program services $9,114,326

• 24b · Other expenses: FOOD EXPENSE

  total $2,419,160 · program services $2,419,160

• 24c · Other expenses: MEDICAL SUPPLIES

  total $645,757 · program services $645,757

• 24d · Other expenses: BAD DEBT

  total $302,205 · program services $302,205

• 24e · All other expenses

  total $622,707 · program services $531,793 · management and general $90,914 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $502,995 · end of year $332,330

• 2 · Savings and temporary cash investments

  beginning of year $27,051,222 · end of year $46,326,172

• 3 · Pledges and grants receivable

  beginning of year $380,930 · end of year $307,780

• 4 · Accounts receivable

  beginning of year $8,406,907 · end of year $17,895,752

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,165,470 · end of year $1,099,300

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

  $345,316,926

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

  $103,355,205

• 10c · Land, buildings and equipment, net

  beginning of year $227,196,419 · end of year $241,961,721

• 11 · Investments: publicly traded securities

  beginning of year $116,413,627 · end of year $106,327,379

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $1,365,069 · end of year $455,023

• 15 · Other assets

  beginning of year $1,485,808 · end of year $1,465,943

• 17 · Accounts payable and accrued expenses

  beginning of year $13,077,163 · end of year $18,911,922

• 19 · Deferred revenue

  beginning of year $163,737,954 · end of year $172,265,070

• 20 · Tax-exempt bond liabilities

  beginning of year $87,796,177 · end of year $84,480,741

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $15,916,130 · end of year $14,879,449

• 25 · Other liabilities

  beginning of year $1,816,338 · end of year $2,258,360

• 27 · Net assets without donor restrictions

  beginning of year $89,809,400 · end of year $109,434,032

• 28 · Net assets with donor restrictions

  beginning of year $11,815,285 · end of year $13,941,826

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

Officers receive a bonus to pay for taxes associated with the 162 life insurance plan.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

The Minister receives a housing allowance.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The individuals below received the following amounts in 457(f) plans. -Kevin Schwab: $45,900 -Allen Squires: $2,530 -Scott Farkas: $12,500 -Ken Kramer: $20,000

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LIFEMINISTRIES OUTREACH LLC

  EDUCATING LOW-INCOME SENIORS TO ACCESS NEEDED HEALTH AND AGING SERVICES · NC · income $299,000 · assets $722,993

  Directly controlled by Givens Estates Inc

• GIVENS HIGHLAND FARMS LLC

  Senior Living and Care · NC · income $31,727,211 · assets $131,229,453

  Directly controlled by Givens Estates Inc

• Givens Gerber Park II LLC

  Senior Living and Care · NC · income $2,784,502 · assets $12,872,905

  Directly controlled by Givens Estates Inc

• Givens Choice

  home care · NC · income $1,180,515 · assets $5,589,346

  Directly controlled by Givens Estates Inc

• GERBER PARK OF ASHEVILLE LLC

  Real Estate - Rental · NC · income $2 · assets -$279

  Directly controlled by Givens Estates Inc

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Gerber Park of Asheville III

  Excluded · Real Estate - Rental · NC · 49% owned · general or managing partner

• THE SENIOR RESIDENCS AT LAKE JUNALUSKA LP

  Excluded · Senior Living and Care · NC · 99.99% owned · share of income -$243,271 · share of assets $0 · general or managing partner