Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,258,167

• 1f · All other contributions, gifts and grants

  $66,071

• 2a · Program service revenue: RESIDENT SERVICES

  total $31,174,120 · related or exempt $31,174,120

• 3 · Investment income

  total $13,167 · excluded $13,167

• 6a · Gross rents

  real property $158,997

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $158,997

• 6d · Net rental income or loss

  total $158,997 · excluded $158,997

• 10a · Gross sales of inventory

  $32,870

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $32,870 · excluded $32,870

• 11a · Other revenue: MEALS/CATERING

  total $178,545 · excluded $178,545

• 11b · Other revenue: MISCELLANEOUS

  total $59,197 · excluded $59,197

• 11c · Other revenue: BARBER & BEAUTY

  total $35,380 · excluded $35,380

• 11d · All other revenue

  total $4,796 · excluded $4,796

• 11e · Other revenue, total

  $277,918

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $161,769 · management and general $161,769

• 7 · Other salaries and wages

  total $20,011,228 · program services $19,151,749 · management and general $859,479

• 8 · Pension plan contributions

  total $320,395 · program services $304,824 · management and general $15,571

• 9 · Other employee benefits

  total $2,609,342 · program services $2,451,911 · management and general $157,431

• 10 · Payroll taxes

  total $1,473,150 · program services $1,381,814 · management and general $91,336

• 11a · Fees: management

  total $1,050,000 · management and general $1,050,000

• 11b · Fees: legal

  total $1,796 · management and general $1,796

• 11c · Fees: accounting

  total $75,415 · management and general $75,415

• 11g · Fees: other

  total $802,713 · program services $659,161 · management and general $143,552

• 12 · Advertising and promotion

  total $6,612 · management and general $6,612

• 13 · Office expenses

  total $1,159,740 · program services $1,061,083 · management and general $98,657

• 16 · Occupancy

  total $606,492 · program services $567,322 · management and general $39,170

• 17 · Travel

  total $10,491 · management and general $10,491

• 20 · Interest

  total $79,450 · program services $74,905 · management and general $4,545

• 22 · Depreciation, depletion and amortization

  total $1,417,845 · program services $1,336,742 · management and general $81,103

• 23 · Insurance

  total $592,875 · program services $558,962 · management and general $33,913

• 24a · Other expenses: FOOD

  total $1,182,751 · program services $1,182,751

• 24b · Other expenses: PHARMACY

  total $691,697 · program services $691,697

• 24c · Other expenses: LICENSE SURCHARGE

  total $546,110 · program services $546,110

• 24d · Other expenses: BAD DEBT EXPENSE

  total $128,177 · management and general $128,177

• 24e · All other expenses

  total $395,532 · program services $266,397 · management and general $129,135

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,867,295 · end of year $18,085

• 4 · Accounts receivable

  beginning of year $2,909,797 · end of year $3,243,364

• 8 · Inventories for sale or use

  beginning of year $243,470 · end of year $263,247

• 9 · Prepaid expenses and deferred charges

  beginning of year $129,200 · end of year $206,047

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

  $62,605,033

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

  $39,227,433

• 10c · Land, buildings and equipment, net

  beginning of year $18,999,478 · end of year $23,377,600

• 13 · Investments: program-related

  beginning of year $15,000 · end of year $15,000

• 15 · Other assets

  beginning of year $10,678,710 · end of year $14,296,251

• 17 · Accounts payable and accrued expenses

  beginning of year $3,191,397 · end of year $4,135,650

• 19 · Deferred revenue

  beginning of year $849,160 · end of year $103,544

• 20 · Tax-exempt bond liabilities

  beginning of year $12,200,492 · end of year $11,103,831

• 21 · Escrow or custodial account liability

  beginning of year $130,409 · end of year $137,710

• 25 · Other liabilities

  beginning of year $192,738 · end of year $202,375

• 27 · Net assets without donor restrictions

  beginning of year $22,256,986 · end of year $25,707,584

• 28 · Net assets with donor restrictions

  beginning of year $21,768 · end of year $28,900

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY A RELATED ORGANIZATION THAT USES THE FOLLOWING METHODS: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related corporations and trusts

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

• MINNESOTA MASONIC HOMES MANAGEMENT CONSULTING SERVICES

  C · CONSULTING SERVICES · MN