Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT HEALTHCARE SE

  total $5,133,985 · related or exempt $5,133,985

• 3 · Investment income

  total $41,626 · excluded $41,626

• 7a · Gross sales of assets other than inventory

  securities $624,749

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

  securities $649,069

• 7c · Gain or loss

  securities -$24,320

• 7d · Net gain or loss

  total -$24,320 · excluded -$24,320

• 11a · Other revenue: OTHER RESIDENT SERVICE

  total $3,698 · excluded $3,698

• 11b · Other revenue: GENERAL STORE

  total $1,280 · excluded $1,280

• 11c · Other revenue: GUEST AND EMPLOYEE MEA

  total $727 · excluded $727

• 11e · Other revenue, total

  $5,705

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $179,688 · management and general $179,688

• 7 · Other salaries and wages

  total $2,595,487 · program services $2,465,532 · management and general $129,955

• 9 · Other employee benefits

  total $390,835 · program services $347,227 · management and general $43,608

• 10 · Payroll taxes

  total $161,756 · program services $143,708 · management and general $18,048

• 11b · Fees: legal

  total $8,725 · management and general $8,725

• 11f · Fees: investment management

  total $17,795 · management and general $17,795

• 11g · Fees: other

  total $190,852 · program services $169,557 · management and general $21,295

• 12 · Advertising and promotion

  total $115,455 · program services $102,573 · management and general $12,882

• 13 · Office expenses

  total $383,774 · program services $373,322 · management and general $10,452

• 14 · Information technology

  total $20,162 · program services $19,715 · management and general $447

• 16 · Occupancy

  total $232,646 · program services $227,489 · management and general $5,157

• 17 · Travel

  total $838 · management and general $838

• 19 · Conferences, conventions and meetings

  total $286 · program services $280 · management and general $6

• 20 · Interest

  total $745,679 · program services $729,151 · management and general $16,528

• 22 · Depreciation, depletion and amortization

  total $539,807 · program services $527,842 · management and general $11,965

• 23 · Insurance

  total $100,048 · program services $100,048

• 24a · Other expenses: DIETARY

  total $364,758 · program services $364,758

• 24b · Other expenses: BAD DEBT EXPENSE

  total $158,759 · management and general $158,759

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $55,916 · program services $54,677 · management and general $1,239

• 24d · Other expenses: CHARITY CARE EXPENSE

  total $52,471 · program services $52,471

• 24e · All other expenses

  total $25,918 · program services $24,157 · management and general $1,761

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $97,372 · end of year $150,523

• 2 · Savings and temporary cash investments

  beginning of year $1,443,940 · end of year $1,461,935

• 4 · Accounts receivable

  beginning of year $156,074 · end of year $21,483

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,984 · end of year $17,138

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

  $15,501,303

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

  $4,076,579

• 10c · Land, buildings and equipment, net

  beginning of year $11,931,485 · end of year $11,424,724

• 15 · Other assets

  beginning of year $0 · end of year $111

• 17 · Accounts payable and accrued expenses

  beginning of year $1,554,718 · end of year $2,419,919

• 20 · Tax-exempt bond liabilities

  beginning of year $13,383,619 · end of year $13,059,990

• 25 · Other liabilities

  beginning of year $77,016 · end of year $142,615

• 27 · Net assets without donor restrictions

  beginning of year -$1,357,498 · end of year -$2,546,610

The filer's explanations (Part III)

PART I, LINE 3

THE W-2'S FOR THE ORGANIZATION'S CEO, CFO AND DIRECTOR OF SALES AND MARKETING ARE ISSUED BY HAVERLAND CARTER LIFESTYLE GROUP OPERATING, LLC, A DISREGARDED ENTITY OF THE PARENT ENTITY, HAVERLAND CARTER LIFESTYLE GROUP. THE ORGANIZATION TYPICALLY CONDUCTS COMPENSATION REVIEWS FOR CLINICAL POSITIONS AND NON-CLINICAL POSITIONS IN ALTERNATE YEARS. THIS PROCESS IS TYPICALLY CONDUCTED BETWEEN DECEMBER JANUARY TO RECOMMEND ALIGNMENTS IN TIME FOR BUDGET REVIEW. HOWEVER, IN THE LAST COUPLE OF YEARS, THE ORGANIZATION HAS REVIEWED ALL POSITIONS ANNUALLY FOR ESCALATION, AND IT HAS DONE TWO COMPANY-WIDE COMP REVIEWS ON CLINICAL POSITIONS FOR THE FISCAL YEAR ENDING IN 2022. THE REASON FOR CONDUCTING MORE FREQUENT REVIEWS IS BECAUSE OF THE RAPID ACCELERATION OF WAGES AND THE SPECIFIC CHALLENGES OF STAFFING IN THE ORGANIZATION'S INDUSTRY. THE ORGANIZATION CONSIDERS INTERNAL AND EXTERNAL COMPENSATION DATA TO IDENTIFY COMPETITIVE RANGES AND ESTABLISH EQUITY. DATA FROM THESE EXTERNAL BENCHMARKS IS USED IN THE PROCESS: 1) HOSPITAL AND HEALTHCARE COMPENSATION SERVICE (HHCS) SURVEYS, IN WHICH THE ORGANIZATION ALSO PARTICIPATES. THE HHCS SURVEYS ARE ENDORSED BY LEADINGAGE, AND CONTAIN ACTUAL AND PREDICTIVE DATA ON COMPENSATION, BENEFITS, AND BONUSES FROM OTHER BUSINESSES SPECIFIC TO THE ORGANIZATION'S INDUSTRIES (CCRC, AL, AND HOSPICE). 2) U.S. DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS OCCUPATIONAL EMPLOYMENT STATISTICS (DOL BLS OES) SPECIFIC TO EACH LOCATION IN WHICH BUSINESS IS CONDUCTED BY THE ORGANIZATION. THE BLS OES DATA IS COMPARED TO THE HHCS SURVEY DATA TO ESTABLISH WHERE THE OES MEDIAN WAGES INTERSECT WITH THE HHCS WAGE RANGES. 3) OTHER EXTERNAL BENCHMARKS: THE ORGANIZATION MAY CONSIDER INFORMATION FROM WEBSITES LIKE GLASSDOOR.COM, PAY SCALE.COM, OR SALARY.COM, BUT THERE IS NO WAY TO VERIFY THE ACCURACY OF THEIR DATA, SO THEY ARE NOT HEAVILY WEIGHTED IN THE REVIEW.