Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,050,374

• 2a · Program service revenue: Administrative Fees

  total $4,376,546 · related or exempt $4,376,546

• 2b · Program service revenue: Lease Revenue

  total $2,576,669 · related or exempt $2,576,669

• 3 · Investment income

  total $1,016,919 · excluded $1,016,919

• 7a · Gross sales of assets other than inventory

  securities $212,718 · other assets $59,300

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

  securities $164,041 · other assets $65,000

• 7c · Gain or loss

  securities $48,677 · other assets -$5,700

• 7d · Net gain or loss

  total $42,977 · excluded $42,977

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $233 · program services $233

• 11b · Fees: legal

  total $27,029 · program services $27,029

• 11c · Fees: accounting

  total $17,999 · program services $17,999

• 11f · Fees: investment management

  total $214,642 · management and general $214,642

• 11g · Fees: other

  total $255,445 · program services $255,445

• 16 · Occupancy

  total $247,919 · program services $247,919

• 20 · Interest

  total $569,760 · program services $569,760

• 22 · Depreciation, depletion and amortization

  total $1,325,107 · program services $1,325,107

• 23 · Insurance

  total $108,448 · program services $108,448

• 24a · Other expenses: Administrative Fees

  total $4,566,014 · management and general $4,566,014

• 24b · Other expenses: Licenses Dues Fees

  total $10 · program services $10

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $130,015 · end of year $974,881

• 4 · Accounts receivable

  end of year $501,569

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,700 · end of year $12,533

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

  $47,827,013

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

  $18,203,102

• 10c · Land, buildings and equipment, net

  beginning of year $30,376,610 · end of year $29,623,911

• 11 · Investments: publicly traded securities

  beginning of year $41,715,909 · end of year $37,411,774

• 17 · Accounts payable and accrued expenses

  beginning of year $73,509 · end of year $52,740

• 20 · Tax-exempt bond liabilities

  beginning of year $13,829,292 · end of year $12,785,469

• 23 · Secured mortgages and notes payable

  beginning of year $1,219,915 · end of year $2,127,882

• 25 · Other liabilities

  beginning of year $9,121,315 · end of year $8,978,865

• 27 · Net assets without donor restrictions

  beginning of year $48,003,203 · end of year $44,531,913

• 28 · Net assets with donor restrictions

  end of year $47,799

The filer's explanations (Part III)

Part I, Line 3

All compensation is paid by Nexus Family Healing, a related organization. Nexus Family Healing uses these methods in establishing compensation for all executive positions throughout the affiliated organizations.

Related corporations and trusts

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

• Nexus-FACT Family Healing

  C · Mental Health Services · MN