Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $6,836

• 2a · Program service revenue: MONTHLY SERVICE FEES

  total $32,036,995 · related or exempt $32,036,995

• 2b · Program service revenue: ENTRANCE FEES

  total $1,905,149 · related or exempt $1,905,149

• 2c · Program service revenue: SKILLED NURSING ANCILL

  total $1,399,907 · related or exempt $1,399,907

• 3 · Investment income

  total $3,168,053 · unrelated business $6,317 · excluded $3,161,736

• 6a · Gross rents

  real property $69,812

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $69,812

• 6d · Net rental income or loss

  total $69,812 · excluded $69,812

• 7a · Gross sales of assets other than inventory

  securities $9,598,056

• 7b · Less cost or other basis and sales expenses

  securities $9,953,755

• 7c · Gain or loss

  securities -$355,699

• 7d · Net gain or loss

  total -$355,699 · unrelated business $1 · excluded -$355,700

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $352,563 · excluded $352,563

• 11e · Other revenue, total

  $352,563

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,252,500 · program services $2,252,500

• 7 · Other salaries and wages

  total $11,347,930 · program services $8,828,801 · management and general $2,519,129

• 8 · Pension plan contributions

  total $374,564 · program services $325,023 · management and general $49,541

• 9 · Other employee benefits

  total $2,335,446 · program services $1,695,039 · management and general $640,407

• 10 · Payroll taxes

  total $1,120,162 · program services $856,606 · management and general $263,556

• 11a · Fees: management

  total $3,327,723 · management and general $3,327,723

• 11b · Fees: legal

  total $99,516 · management and general $99,516

• 11c · Fees: accounting

  total $87,682 · management and general $87,682

• 11f · Fees: investment management

  total $284,843 · management and general $284,843

• 11g · Fees: other

  total $2,655,027 · program services $1,813,880 · management and general $841,147

• 12 · Advertising and promotion

  total $360,225 · program services $3,594 · management and general $356,631

• 13 · Office expenses

  total $63,382 · program services $12,558 · management and general $50,824

• 16 · Occupancy

  total $4,163,242 · program services $4,147,222 · management and general $16,020

• 17 · Travel

  total $73,215 · program services $19,060 · management and general $54,155

• 20 · Interest

  total $1,093,638 · program services $1,093,638

• 22 · Depreciation, depletion and amortization

  total $5,781,104 · program services $5,781,104

• 23 · Insurance

  total $552,685 · program services $497,368 · management and general $55,317

• 24a · Other expenses: UBI TAXES

  total $595 · management and general $595

• 24b · Other expenses: FOOD

  total $2,999,146 · program services $2,982,709 · management and general $16,437

• 24c · Other expenses: EQUIPMENT & SUPPLIES

  total $846,141 · program services $610,428 · management and general $235,713

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $200,349 · program services $29,071 · management and general $171,278

• 24e · All other expenses

  total $575,637 · program services $323,232 · management and general $252,405

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,244,716 · end of year $12,164,937

• 2 · Savings and temporary cash investments

  beginning of year $3,270,943 · end of year $3,789,536

• 4 · Accounts receivable

  beginning of year $758,496 · end of year $597,155

• 7 · Other notes and loans receivable

  beginning of year $1,633,139 · end of year $2,185,571

• 8 · Inventories for sale or use

  beginning of year $129,202 · end of year $122,782

• 9 · Prepaid expenses and deferred charges

  beginning of year $602,678 · end of year $610,895

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

  $176,864,278

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

  $85,116,806

• 10c · Land, buildings and equipment, net

  beginning of year $94,075,157 · end of year $91,747,472

• 11 · Investments: publicly traded securities

  beginning of year $67,521,419 · end of year $81,642,043

• 12 · Investments: other securities

  beginning of year $63,011,237 · end of year $68,126,912

• 15 · Other assets

  beginning of year $42,757,297 · end of year $41,660,614

• 17 · Accounts payable and accrued expenses

  beginning of year $2,364,261 · end of year $2,436,545

• 20 · Tax-exempt bond liabilities

  beginning of year $42,633,928 · end of year $39,791,871

• 21 · Escrow or custodial account liability

  beginning of year $2,938,537 · end of year $3,480,000

• 25 · Other liabilities

  beginning of year $290,845,806 · end of year $297,005,650

• 27 · Net assets without donor restrictions

  beginning of year -$65,682,675 · end of year -$51,131,064

• 28 · Net assets with donor restrictions

  beginning of year $9,904,427 · end of year $11,064,915

The filer's explanations (Part III)

PART I, LINE 5

THE MANAGEMENT TEAM CAN RECEIVE BONUSES FROM KAHALA NUI SENIOR LIVING THAT ARE BASED ON SEVERAL VARIABLES INCLUDING FINANCIAL PERFORMANCE, RESIDENT SATISFACTION, AND GROWTH.