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← EL-BEULAH RETIREMENT VILLAGE

Form 990 for tax year 2025

Filed by EL-BEULAH RETIREMENT VILLAGE.

Totals

Total revenue
$1,588,318
Total expenses
$1,483,795
Contributions and grants received
$0
Grants paid
$329,000
Program service revenue
$1,519,603
Investment income
$68,715
Other revenue
$0
Total assets, end of year
$6,820,482
Total liabilities, end of year
$2,626,590
Net assets or fund balances, end of year
$4,193,892
Program services expenses (Part IX)
$1,456,743
Management and general expenses
$27,052
Fundraising expenses
$0
Program service expenses (Part III)
$1,456,743

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,453,715 · related or exempt $1,453,715

  • 2b · Program service revenue: WELLNESS CENTER FEES

    total $65,888 · related or exempt $65,888

  • 3 · Investment income

    total $68,715 · excluded $68,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,000 · program services $329,000

  • 7 · Other salaries and wages

    total $173,895 · program services $173,895

  • 8 · Pension plan contributions

    total $6,860 · program services $6,860

  • 10 · Payroll taxes

    total $13,256 · program services $13,256

  • 11c · Fees: accounting

    total $21,334 · management and general $21,334

  • 11g · Fees: other

    total $71,045 · program services $70,420 · management and general $625

  • 13 · Office expenses

    total $26,388 · program services $22,064 · management and general $4,324

  • 16 · Occupancy

    total $462,261 · program services $462,261

  • 17 · Travel

    total $2,822 · program services $2,536 · management and general $286

  • 20 · Interest

    total $143,869 · program services $143,869

  • 22 · Depreciation, depletion and amortization

    total $205,458 · program services $205,458

  • 23 · Insurance

    total $27,124 · program services $27,124

  • 24a · Other expenses: BAD DEBT

    total $317 · management and general $317

  • 24b · Other expenses: OTHER TAXES

    total $166 · management and general $166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,165 · end of year $103,559

  • 2 · Savings and temporary cash investments

    beginning of year $1,795,663 · end of year $1,837,308

  • 4 · Accounts receivable

    beginning of year $11,851 · end of year $872

  • 7 · Other notes and loans receivable

    beginning of year $52,500 · end of year $46,500

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

    $9,836,034

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

    $5,034,228

  • 10c · Land, buildings and equipment, net

    beginning of year $5,004,923 · end of year $4,801,806

  • 14 · Intangible assets

    beginning of year $32,778 · end of year $30,437

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,533 · end of year $13,145

  • 23 · Secured mortgages and notes payable

    beginning of year $2,708,643 · end of year $2,503,580

  • 25 · Other liabilities

    beginning of year $108,335 · end of year $109,865

  • 27 · Net assets without donor restrictions

    beginning of year $4,089,369 · end of year $4,193,892

Mission and programs · 2025

Mission

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICE

  • TO PROVIDE HOUSING TO LOW/MODERATE INCOME PERSONS UNDER FEDERAL AFFORDABLE HOUSING PROGRAMS.

    Expenses $1,057,323 · Revenue $1,453,715

  • WELLNESS PROGRAM: THE ORGANIZATION OPENED A WELLNESS FACILITY TO PROMOTE THE HEALTH OF THEIR MEMBERS. THE WELLNESS/FITNESS FACILITY OFFERS A WIDE VARIETY OF FITNESS EQUIPMENT AND CLASSES SO RESIDENTS CAN MAINTAIN GOOD HEALTH.

    Expenses $70,420 · Revenue $65,888

  • TO SUPPORT LOCAL AND GLOBAL CHARITABLE ORGANIZATIONS, CHURCH MISSIONS AND YEARLY OPERATIONS OF ABUNDANT LIFE CHURCH.

    Expenses $329,000 · Grants $329,000

As filed on the 2025 return.

Listed in Part VII

  • Spiro Iraclianos

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stan Hull

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rev Peter Bosworth

    PRESIDENT

    Total calculated
    $71,368
    From this org
    $0
    From related orgs
    $37,718
    Other
    $33,650
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
12 May 2026
IRS schema version
2025v4.1
Source object
202601339349304005

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