Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $4,202

• 1e · Government grants (contributions)

  $777,144

• 1f · All other contributions, gifts and grants

  $0

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: Assisted Living Revenue

  total $4,625,707 · related or exempt $4,625,707 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Rehab Pavillion Revenue

  total $3,400,699 · related or exempt $3,400,699 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Memory Care Revenue

  total $1,211,612 · related or exempt $1,211,612 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

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

• 3 · Investment income

  total $336 · related or exempt $0 · unrelated business $0 · excluded $336

• 4 · Income from investment of tax-exempt bond proceeds

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

• 5 · Royalties

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

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: contributions included on line 1c

  $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $0 · program services $0 · management and general $0 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $5,096,515 · program services $3,967,169 · management and general $1,129,346 · fundraising $0

• 8 · Pension plan contributions

  total $53,815 · program services $41,890 · management and general $11,925 · fundraising $0

• 9 · Other employee benefits

  total $367,584 · program services $286,131 · management and general $81,453 · fundraising $0

• 10 · Payroll taxes

  total $286,707 · program services $223,176 · management and general $63,531 · fundraising $0

• 11a · Fees: management

  total $832,735 · program services $0 · management and general $832,735 · fundraising $0

• 11b · Fees: legal

  total $100,118 · program services $85,741 · management and general $14,377 · fundraising $0

• 11c · Fees: accounting

  total $15,078 · program services $12,913 · management and general $2,165 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $416,773 · program services $356,914 · management and general $59,859 · fundraising $0

• 12 · Advertising and promotion

  total $106,681 · program services $0 · management and general $106,681 · fundraising $0

• 13 · Office expenses

  total $957,485 · program services $816,882 · management and general $140,603 · fundraising $0

• 14 · Information technology

  total $6,819 · program services $5,840 · management and general $979 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $783,984 · program services $642,035 · management and general $141,949 · fundraising $0

• 17 · Travel

  total $17,222 · program services $17,222 · management and general $0 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $539 · program services $0 · management and general $539 · fundraising $0

• 20 · Interest

  total $409,946 · program services $401,747 · management and general $8,199 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $1,044,220 · program services $913,520 · management and general $130,700 · fundraising $0

• 23 · Insurance

  total $182,161 · program services $155,019 · management and general $27,142 · fundraising $0

• 24a · Other expenses: Dietary Supplies and Equipment

  total $1,220,342 · program services $1,220,342 · management and general $0 · fundraising $0

• 24b · Other expenses: Organization & Membership Dues

  total $2,656 · program services $0 · management and general $2,656 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $328,817 · end of year $209,442

• 2 · Savings and temporary cash investments

  beginning of year $12,208 · end of year $12,031

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,146,324 · end of year $1,506,752

• 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

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $18,201 · end of year $18,201

• 9 · Prepaid expenses and deferred charges

  beginning of year $255,321 · end of year $259,904

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

  $18,922,306

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

  $2,915,750

• 10c · Land, buildings and equipment, net

  beginning of year $16,740,622 · end of year $16,006,556

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $454,000 · end of year $454,000

• 15 · Other assets

  beginning of year $21,073 · end of year $10,280

• 17 · Accounts payable and accrued expenses

  beginning of year $1,294,527 · end of year $3,440,239

• 19 · Deferred revenue

  beginning of year $321,245 · end of year $267,103

• 20 · Tax-exempt bond liabilities

  beginning of year $11,410,410 · end of year $10,721,410

• 25 · Other liabilities

  beginning of year $307,675 · end of year $267,482

• 27 · Net assets without donor restrictions

  beginning of year $5,642,709 · end of year $3,780,932

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3

Menorah Park (a related organization) has a standing Compensation Committee to annually review for reasonableness with similar organizations, the salaries of the Executive Director and top level, key management staff of the organization. The Compensation Committee uses published surveys and purchased compensation comparison information to review and study reasonableness and competitiveness of Menorah Park executive salaries with similar healthcare organizations. An employee's seniority and performance are also reviewed during salary determination. Discussions and decisions of the Compensation Committee are documented in their meeting minutes.