Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $36,978

• 2a · Program service revenue: TENANT RENT REVENUE

  total $1,316,454 · related or exempt $1,316,454

• 2b · Program service revenue: MANAGEMENT SERVICES

  total $264,758 · related or exempt $264,758

• 3 · Investment income

  total $14,696 · excluded $14,696

• 6a · Gross rents

  real property $74,264

• 6b · Less rental expenses

  real property $4,850

• 6c · Rental income or loss

  real property $69,414

• 6d · Net rental income or loss

  total $69,414 · excluded $69,414

• 7a · Gross sales of assets other than inventory

  other assets $5,214

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

  other assets $5,214

• 7c · Gain or loss

  other assets $0

• 7d · Net gain or loss

  total $0

• 11a · Other revenue: DEVELOPER FEE INCOME

  total $229,313 · excluded $229,313

• 11b · Other revenue: HOME LOAN DEBT FORGIVE

  total $52,100 · excluded $52,100

• 11c · Other revenue: UTILITY FEES

  total $43,244 · excluded $43,244

• 11d · All other revenue

  total $25,743 · excluded $25,743

• 11e · Other revenue, total

  $350,400

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $669,152 · management and general $669,152

• 11b · Fees: legal

  total $1,483 · management and general $1,483

• 11g · Fees: other

  total $233,946 · management and general $233,946

• 12 · Advertising and promotion

  total $187,633 · management and general $187,633

• 13 · Office expenses

  total $56,715 · management and general $56,715

• 14 · Information technology

  total $405 · management and general $405

• 16 · Occupancy

  total $115,944 · program services $9,278 · management and general $106,666

• 19 · Conferences, conventions and meetings

  total $265 · management and general $265

• 20 · Interest

  total $708,621 · program services $708,621

• 22 · Depreciation, depletion and amortization

  total $762,459 · program services $762,459

• 23 · Insurance

  total $52,072 · management and general $52,072

• 24a · Other expenses: CAPITAL CAMPAIGN EXPENS

  total $6,545 · management and general $6,545

• 24b · Other expenses: REPAIRS & EQUIPMENT

  total $2,465 · management and general $2,465

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $607,821 · end of year $365,766

• 4 · Accounts receivable

  beginning of year $251,498 · end of year $266,923

• 7 · Other notes and loans receivable

  end of year $325,459

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,036 · end of year $3,928

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

  $27,732,809

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

  $823,883

• 10c · Land, buildings and equipment, net

  beginning of year $27,113,097 · end of year $26,908,926

• 13 · Investments: program-related

  beginning of year $937,702 · end of year $179,555

• 15 · Other assets

  beginning of year $92,161 · end of year $366,948

• 17 · Accounts payable and accrued expenses

  beginning of year $1,376,502 · end of year $88,108

• 20 · Tax-exempt bond liabilities

  beginning of year $25,719,754 · end of year $27,003,673

• 25 · Other liabilities

  beginning of year $2,501,489 · end of year $2,665,159

• 27 · Net assets without donor restrictions

  beginning of year -$769,632 · end of year -$1,483,893

• 28 · Net assets with donor restrictions

  beginning of year $175,202 · end of year $144,458

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, COMPENSATION SURVEYS OR STUDIES, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LANDIS PLACE ON KING LLC

  SENIOR HOUSING · PA · income $1,549,082 · assets $27,415,104

  Directly controlled by LANDIS QUALITY LIVING

Related partnerships

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

• MOUTAIN VIEW TERRACE LP

  MGT OF LOW-INCOME HOUSING COMMUNITY · PA

Related corporations and trusts

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

• QUALITY LIVING CHOICES

  C · SENIOR HOUSING · PA

• WELSH MOUNTAIN HOME INC

  C · MGT OF LOW-INCOME HOUSING COMMUNITIES · PA