Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $7,748,396 · related or exempt $7,748,396

• 2f · All other program service revenue

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

• 3 · Investment income

  total $5,239,797 · excluded $5,239,797

• 6a · Gross rents

  real property $399,861

• 6b · Less rental expenses

  real property $340,496

• 6c · Rental income or loss

  real property $59,365 · personal property $0

• 6d · Net rental income or loss

  total $59,365 · excluded $59,365

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: VENDING AND OTHER

  total $4,087 · excluded $4,087

• 11b · Other revenue: Settlement Agreeemnt

  total $2,639,419 · excluded $2,639,419

• 11d · All other revenue

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

• 11e · Other revenue, total

  $2,643,506

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,348,160 · program services $1,348,160

• 7 · Other salaries and wages

  total $6,682,924 · program services $6,682,924

• 8 · Pension plan contributions

  total $787,608 · program services $787,608

• 9 · Other employee benefits

  total $1,611,256 · program services $1,611,256

• 10 · Payroll taxes

  total $618,988 · program services $618,988

• 11b · Fees: legal

  total $57,544 · program services $57,544

• 11c · Fees: accounting

  total $25,000 · program services $25,000

• 11g · Fees: other

  total $970,618 · program services $970,618 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $67,495 · program services $67,495

• 13 · Office expenses

  total $66,185 · program services $66,185

• 14 · Information technology

  total $402,935 · program services $402,935

• 16 · Occupancy

  total $369,509 · program services $369,509

• 17 · Travel

  total $125,416 · program services $125,416

• 19 · Conferences, conventions and meetings

  total $6,185 · program services $6,185

• 20 · Interest

  total $1,067,546 · program services $1,067,546

• 22 · Depreciation, depletion and amortization

  total $1,400,061 · program services $1,400,061

• 23 · Insurance

  total $66,212 · program services $66,212

• 24a · Other expenses: RECRUITMENT AND RETENTION

  total $260,922 · program services $260,922

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $80,490 · program services $80,490

• 24c · Other expenses: COMMUNITY/FRATERNAL RELATIONS

  total $75,985 · program services $75,985

• 24d · Other expenses: LICENSES & MEBERSHIPS

  total $16,497 · program services $16,497

• 24e · All other expenses

  total $20,518 · program services $20,518 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,181,043 · end of year $1,571,788

• 2 · Savings and temporary cash investments

  beginning of year $1,197 · end of year $1,253

• 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 $3,146,744 · end of year $3,296,784

• 8 · Inventories for sale or use

  beginning of year $82,768 · end of year $82,589

• 9 · Prepaid expenses and deferred charges

  beginning of year $831,395 · end of year $914,630

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

  $38,463,116

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

  $28,578,683

• 10c · Land, buildings and equipment, net

  beginning of year $10,503,650 · end of year $9,884,433

• 12 · Investments: other securities

  beginning of year $1,864,976 · end of year $1,916,180

• 13 · Investments: program-related

  beginning of year $26,581,018 · end of year $26,581,018

• 15 · Other assets

  beginning of year $5,675,651 · end of year $4,132,130

• 17 · Accounts payable and accrued expenses

  beginning of year $4,241,371 · end of year $3,389,287

• 20 · Tax-exempt bond liabilities

  beginning of year $99,987,661 · end of year $97,002,793

• 21 · Escrow or custodial account liability

  end of year $14,114

• 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 $5,388,000 · end of year $4,000,000

• 25 · Other liabilities

  beginning of year $21,737,771 · end of year $19,313,480

• 27 · Net assets without donor restrictions

  beginning of year -$80,486,361 · end of year -$75,338,869

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

COMPENSATION TO REWARD EMPLOYEES FOR ACHIEVING ANNUAL QUALITY, STRATEGIC AND FINANCIAL GOALS FOR THE ORGANIZATION FOR AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II) "BONUS AND INCENTIVE COMPENSATION".

Related partnerships

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

• SENIOR LIVING BY MASONICARE LLC

  N/A · PROVIDE SERVICES TO THE ELDERLY · CT

  Directly controlled by Masonicare at Mystic

Related corporations and trusts

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

• GENM SENIOR CARE CONSULTING GROUP LLC

  C Corporation · Consulting · CT · 100% owned · share of income $133,575 · share of assets $15,000 · controlled entity

  Directly controlled by Masonicare Corporation