Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,016,364

• 1g · Noncash contributions included above

  $14,500

• 2a · Program service revenue: RESIDENT SERVICES

  total $30,870,938 · related or exempt $30,870,938

• 2b · Program service revenue: HEALTH CARE

  total $5,111,166 · related or exempt $5,111,166

• 2c · Program service revenue: OTHER

  total $1,835,638 · related or exempt $1,835,638

• 2d · Program service revenue: DUKE CENTER FOR LIVING

  total $1,497,276 · related or exempt $1,497,276

• 3 · Investment income

  total $1,947,640 · excluded $1,947,640

• 6a · Gross rents

  real property $89,998

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $89,998

• 6d · Net rental income or loss

  total $89,998 · excluded $89,998

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $136,052 · program services $136,052

• 5 · Compensation of officers, directors and key employees

  total $458,547 · management and general $458,547

• 7 · Other salaries and wages

  total $13,674,629 · program services $11,416,575 · management and general $2,258,054

• 8 · Pension plan contributions

  total $126,655 · program services $103,718 · management and general $22,937

• 9 · Other employee benefits

  total $2,627,750 · program services $2,133,945 · management and general $493,805

• 10 · Payroll taxes

  total $1,034,221 · program services $836,206 · management and general $198,015

• 11b · Fees: legal

  total $7,710 · management and general $7,710

• 11c · Fees: accounting

  total $130,054 · management and general $130,054

• 11g · Fees: other

  total $2,769,909 · program services $2,181,801 · management and general $588,108

• 12 · Advertising and promotion

  total $154,931 · management and general $154,931

• 13 · Office expenses

  total $441,084 · program services $51,484 · management and general $389,600

• 14 · Information technology

  total $434,285 · program services $342,078 · management and general $92,207

• 16 · Occupancy

  total $2,132,110 · program services $1,679,420 · management and general $452,690

• 17 · Travel

  total $98,713 · program services $77,754 · management and general $20,959

• 19 · Conferences, conventions and meetings

  total $137,079 · management and general $137,079

• 20 · Interest

  total $2,318,495 · program services $1,737,373 · management and general $581,122

• 22 · Depreciation, depletion and amortization

  total $4,395,569 · program services $3,311,518 · management and general $1,084,051

• 23 · Insurance

  total $635,893 · program services $500,880 · management and general $135,013

• 24a · Other expenses: DIETARY EXPENSE

  total $1,972,756 · program services $1,972,756

• 24b · Other expenses: SUPPLIES

  total $1,412,508 · program services $1,412,508

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $836,950 · program services $659,249 · management and general $177,701

• 24d · Other expenses: EMPLOYEE TRAINING AND D

  total $234,137 · program services $184,425 · management and general $49,712

• 24e · All other expenses

  total $3,817 · program services $3,007 · management and general $810

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $373,918 · end of year $701,780

• 2 · Savings and temporary cash investments

  beginning of year $4,813 · end of year $914,749

• 4 · Accounts receivable

  beginning of year $862,404 · end of year $1,511,443

• 8 · Inventories for sale or use

  beginning of year $344,920 · end of year $237,031

• 9 · Prepaid expenses and deferred charges

  beginning of year $310,737 · end of year $222,134

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

  $160,750,318

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

  $58,841,645

• 10c · Land, buildings and equipment, net

  beginning of year $93,555,342 · end of year $101,908,673

• 11 · Investments: publicly traded securities

  beginning of year $31,103,526 · end of year $23,861,431

• 14 · Intangible assets

  beginning of year $6,086,286 · end of year $6,554,767

• 15 · Other assets

  beginning of year $7,332,856 · end of year $7,318,386

• 17 · Accounts payable and accrued expenses

  beginning of year $6,256,975 · end of year $5,766,804

• 19 · Deferred revenue

  beginning of year $91,849,404 · end of year $92,328,749

• 20 · Tax-exempt bond liabilities

  beginning of year $68,674,176 · end of year $66,635,181

• 24 · Unsecured notes and loans payable

  beginning of year $243,674 · end of year $379,168

• 25 · Other liabilities

  beginning of year $3,446 · end of year $4,206

• 27 · Net assets without donor restrictions

  beginning of year -$32,064,525 · end of year -$27,436,631

• 28 · Net assets with donor restrictions

  beginning of year $5,011,652 · end of year $5,552,917

The filer's explanations (Part III)

PART I, LINE 3

THE CEO/EXECUTIVE DIRECTOR'S POSITION IS REVIEWED BY THE PRESIDENT AND BOARD CHAIRMAN AND APPROVED BY THE BOARD.

PART I, LINE 7

THE EXECUTIVE DIRECTOR AND DEPARTMENTAL HEADS ARE ELIGIBLE FOR PERFORMANCE BONUSES BASED ON AGREED UPON GOALS FOR THE YEAR.

Disregarded entities

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

• GRI PROPERTIES LLC

  RELATED · NC · income $0 · assets $0