Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,878

• 1e · Government grants (contributions)

  $192,358

• 1g · Noncash contributions included above

  $200

• 2a · Program service revenue: ROOM/CARE/SKILLED NURS

  total $8,097,871 · related or exempt $8,097,871

• 3 · Investment income

  total $123,317 · excluded $123,317

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $35,536 · excluded $35,536

• 11e · Other revenue, total

  $35,536

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $3,279,961 · program services $2,984,765 · management and general $295,196

• 8 · Pension plan contributions

  total $4,153 · program services $3,447 · management and general $706

• 9 · Other employee benefits

  total $141,097 · program services $98,768 · management and general $42,329

• 10 · Payroll taxes

  total $245,474 · program services $225,836 · management and general $19,638

• 11a · Fees: management

  total $446,861 · management and general $446,861

• 11b · Fees: legal

  total $21,834 · management and general $21,834

• 11d · Fees: lobbying

  total $429 · management and general $429

• 11g · Fees: other

  total $1,739,143 · program services $1,667,288 · management and general $71,855

• 13 · Office expenses

  total $79,641 · management and general $79,641

• 14 · Information technology

  total $51,415 · management and general $51,415

• 16 · Occupancy

  total $250,681 · program services $233,133 · management and general $17,548

• 17 · Travel

  total $648 · management and general $648

• 19 · Conferences, conventions and meetings

  total $8,569 · program services $6,170 · management and general $2,399

• 20 · Interest

  total $94,990 · program services $94,990

• 22 · Depreciation, depletion and amortization

  total $290,034 · program services $232,027 · management and general $58,007

• 23 · Insurance

  total $146,233 · management and general $146,233

• 24a · Other expenses: MMQAA PROVIDER TAX

  total $485,736 · program services $485,736

• 24b · Other expenses: DRUGS/MEDICAL SUPPLIES

  total $422,078 · program services $422,078

• 24c · Other expenses: BAD DEBT EXPENSE

  total $145,395 · program services $145,395

• 24d · Other expenses: EQUIPMENT AND RENTAL

  total $68,648 · program services $53,545 · management and general $15,103

• 24e · All other expenses

  total $501,111 · program services $440,978 · management and general $60,133

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $478,376 · end of year $903,257

• 4 · Accounts receivable

  beginning of year $2,448,945 · end of year $1,319,795

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,855 · end of year $32,546

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

  $5,747,227

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

  $1,795,685

• 10c · Land, buildings and equipment, net

  beginning of year $4,095,080 · end of year $3,951,542

• 15 · Other assets

  beginning of year $724,015 · end of year $117,874

• 17 · Accounts payable and accrued expenses

  beginning of year $667,021 · end of year $460,966

• 20 · Tax-exempt bond liabilities

  beginning of year $3,443,385

• 23 · Secured mortgages and notes payable

  end of year $2,323,129

• 25 · Other liabilities

  beginning of year $1,227,577 · end of year $1,104,212

• 27 · Net assets without donor restrictions

  beginning of year $2,323,858 · end of year $2,328,716

• 28 · Net assets with donor restrictions

  beginning of year $109,430 · end of year $107,991

The filer's explanations (Part III)

PART I, LINE 3

THE PROCESS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, CEO, AND CFO IS UNDERTAKEN BY LUTHERAN HOMES OF MICHIGAN, INC., A RELATED ORGANIZATION. THE PROCESS INCLUDES USE OF A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related partnerships

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

• ALPENA VILLAGE

  RESIDENTIAL CONTINUING CARE RETIREMENT FACILITY · MI · general or managing partner

• GIBRALTAR LDHALP

  PROVIDE AFFORDABLE HOUSING TO THE ELDERLY · MI

• TRANSITIONAL CARE COMMUNITY LLC

  RESIDENTIAL CONTINUING CARE RETIREMENT FACILITY · MI · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GIBRALTAR MANOR DEVELOPMENT INC

  C · HOUSING SERVICES · MI

• ALPENA PINES DEVELOPMENT INC

  C · HOUSING SERVICES · MI