Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $430,735

• 1f · All other contributions, gifts and grants

  $1,073,416

• 2a · Program service revenue: Management Fees

  total $4,750,824 · related or exempt $4,750,824

• 2b · Program service revenue: Rental Income

  total $2,891,025 · related or exempt $2,891,025

• 3 · Investment income

  total $488,435 · excluded $488,435

• 7a · Gross sales of assets other than inventory

  securities $278,150 · other assets $41,620

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

  securities $121,735 · other assets $0

• 7c · Gain or loss

  securities $156,415 · other assets $41,620

• 7d · Net gain or loss

  total $198,035 · excluded $198,035

• 8a · Fundraising events: gross income

  $49,698

• 8a · Fundraising events: contributions included on line 1c

  $430,735

• 8b · Fundraising events: direct expenses

  $104,377

• 8c · Net income from fundraising events

  total -$54,679 · excluded -$54,679

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,814,057 · program services $1,814,057

• 5 · Compensation of officers, directors and key employees

  total $1,419,522 · program services $1,197,118 · management and general $213,631 · fundraising $8,773

• 7 · Other salaries and wages

  total $1,220,468 · program services $1,029,251 · management and general $183,674 · fundraising $7,543

• 8 · Pension plan contributions

  total $8,377 · program services $7,064 · management and general $1,261 · fundraising $52

• 9 · Other employee benefits

  total $746,163 · program services $629,258 · management and general $112,294 · fundraising $4,611

• 10 · Payroll taxes

  total $143,040 · program services $120,629 · management and general $21,527 · fundraising $884

• 11b · Fees: legal

  total $1,980 · management and general $1,980

• 11f · Fees: investment management

  total $97,317 · management and general $97,317

• 13 · Office expenses

  total $844,115 · program services $711,863 · management and general $132,069 · fundraising $183

• 14 · Information technology

  total $9,757 · program services $9,757

• 16 · Occupancy

  total $2,520,410 · program services $2,125,523 · management and general $379,309 · fundraising $15,578

• 17 · Travel

  total $17,198 · management and general $17,198

• 20 · Interest

  total $346,090 · management and general $346,090

• 21 · Payments to affiliates

  total $266,851 · management and general $266,851

• 22 · Depreciation, depletion and amortization

  total $370,610 · program services $312,544 · management and general $55,776 · fundraising $2,290

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $143,046 · end of year $235,102

• 4 · Accounts receivable

  beginning of year $17,182 · end of year $23,686

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,780 · end of year $152,213

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

  $4,815,511

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

  $3,037,969

• 10c · Land, buildings and equipment, net

  beginning of year $2,134,353 · end of year $1,777,542

• 11 · Investments: publicly traded securities

  beginning of year $15,174,864 · end of year $18,671,272

• 14 · Intangible assets

  beginning of year $7,495,986 · end of year $6,931,032

• 15 · Other assets

  beginning of year $24,917,307 · end of year $42,043,474

• 17 · Accounts payable and accrued expenses

  beginning of year $377,896 · end of year $427,749

• 23 · Secured mortgages and notes payable

  beginning of year $4,500,000 · end of year $2,500,000

• 25 · Other liabilities

  beginning of year $8,488,272 · end of year $28,662,976

• 27 · Net assets without donor restrictions

  beginning of year $30,250,346 · end of year $31,813,336

• 28 · Net assets with donor restrictions

  beginning of year $6,278,004 · end of year $6,430,260

The filer's explanations (Part III)

Part I, Line 3

The Executive Compensation Committee is made up of independent board members. The committee obtains a competitive salary survey from an outside independent source. The Executive Compensation Committee then deliberates and decides on the executive compensation.