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Nonprofiteer
← BALANCEDCARE COMMUNITY SERVICES INC

Form 990 for tax year 2023

Filed by BALANCEDCARE COMMUNITY SERVICES INC.

Totals

Total revenue
$1,221,574
Total expenses
$1,269,021
Contributions and grants received
$95,936
Grants paid
$0
Program service revenue
$1,102,757
Investment income
$0
Other revenue
$22,881
Total assets, end of year
$11,731,993
Total liabilities, end of year
$11,717,729
Net assets or fund balances, end of year
$14,264
Program services expenses (Part IX)
$881,199
Management and general expenses
$387,822
Fundraising expenses
$0
Program service expenses (Part III)
$881,199

Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $75,936

  • 2a · Program service revenue: Client Fees

    total $1,102,757 · related or exempt $1,102,757

  • 11a · Other revenue: Other Income

    total $22,881 · related or exempt $22,881

  • 11e · Other revenue, total

    $22,881

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $645,114 · program services $489,982 · management and general $155,132

  • 8 · Pension plan contributions

    total $18,402 · program services $14,722 · management and general $3,680

  • 9 · Other employee benefits

    total $99,914 · program services $79,931 · management and general $19,983

  • 10 · Payroll taxes

    total $47,138 · program services $37,710 · management and general $9,428

  • 11a · Fees: management

    total $36,000 · management and general $36,000

  • 11g · Fees: other

    total $30,848 · program services $5,818 · management and general $25,030

  • 12 · Advertising and promotion

    total $7,313 · program services $7,313

  • 13 · Office expenses

    total $122,164 · program services $46,685 · management and general $75,479

  • 14 · Information technology

    total $85,298 · program services $85,190 · management and general $108

  • 16 · Occupancy

    total $61,832 · program services $57,504 · management and general $4,328

  • 19 · Conferences, conventions and meetings

    total $14,984 · management and general $14,984

  • 22 · Depreciation, depletion and amortization

    total $2,556 · program services $2,479 · management and general $77

  • 23 · Insurance

    total $22,648 · program services $21,063 · management and general $1,585

  • 24a · Other expenses: Bad Debt Expense

    total $40,835 · management and general $40,835

  • 24b · Other expenses: Equipment Rental

    total $22,693 · program services $21,934 · management and general $759

  • 24c · Other expenses: Counselor Training

    total $6,607 · program services $6,607

  • 24d · Other expenses: Professional Developmen

    total $414 · management and general $414

  • 24e · All other expenses

    total $4,261 · program services $4,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,438 · end of year $67,175

  • 4 · Accounts receivable

    beginning of year $60,479 · end of year $28,877

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

    $26,903

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

    $24,095

  • 10c · Land, buildings and equipment, net

    beginning of year $5,364 · end of year $2,808

  • 15 · Other assets

    beginning of year $9,467,514 · end of year $11,633,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,698 · end of year $84,397

  • 21 · Escrow or custodial account liability

    beginning of year $9,374,498 · end of year $11,575,688

  • 25 · Other liabilities

    beginning of year $93,888 · end of year $57,644

  • 27 · Net assets without donor restrictions

    beginning of year $61,711 · end of year $14,264

Mission and programs · 2023

Mission

Provide trusted financial and fiduciary solutions for vulnerable populations.

Activities or mission (Part I)

We provide trusted financial and fiduciary solutions for vulnerable populations.

  • Representative Payee - BalancedCare brings a history of financial management to help vulnerable populations manage their benefit dollars. One of the ways this is achieved is by serving in the capacity of representative payee. A representative payee is a person or entity appointed by Social Security to manage benefit payments for someone deemed unable to do so on their own.VA Federal Fiduciary - A VA federally appointed fiduciary is an entity who works in conjunction with the U.S. Department of Veteran Affairs to assure that a Disabled Veteran or their loved one's benefit dollars are not being mismanaged. (Continued on Schedule O)Pooled Trust - A Pooled Trust is a special type of trust that allows individuals of any age to become financially eligible for public assistance benefits, such as Medicaid home care, while preserving their monthly income in trust for living expenses and supplemental needs.

    Expenses $881,199 · Revenue $1,125,638

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Saresky

    Vice-Chair

    Total calculated
    $0
    Hours/week
    0.2

  • Heather Bach

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Mark Harris

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Stephen LaSalle II

    Secretary

    Total calculated
    $0
    Hours/week
    0.2

  • Terry Allenbrandt

    Treasurer

    Total calculated
    $0
    Hours/week
    0.2

  • Steve Phillips

    Chairman

    Total calculated
    $0
    Hours/week
    0.2

  • Jason Tracy

    Chief Executive Officer

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
28 March 2024
IRS schema version
2023v5.0
Source object
202401279349301025

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