Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $300

• 2a · Program service revenue: RESIDENT SERVICES

  total $1,543,798 · related or exempt $1,543,798

• 3 · Investment income

  total $193,232 · excluded $193,232

• 7a · Gross sales of assets other than inventory

  securities $141,851 · other assets $78

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

  securities $0 · other assets $87

• 7c · Gain or loss

  securities $141,851 · other assets -$9

• 7d · Net gain or loss

  total $141,842 · excluded $141,842

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $979,499 · program services $835,136 · management and general $144,363

• 8 · Pension plan contributions

  total $298 · program services $298

• 9 · Other employee benefits

  total $64,225 · program services $61,859 · management and general $2,366

• 10 · Payroll taxes

  total $74,776 · program services $299 · management and general $74,477

• 11b · Fees: legal

  total $4,076 · management and general $4,076

• 11c · Fees: accounting

  total $17,783 · management and general $17,783

• 11f · Fees: investment management

  total $28,790 · management and general $28,790

• 11g · Fees: other

  total $6,107 · program services $5,259 · management and general $848

• 13 · Office expenses

  total $168,939 · program services $147,294 · management and general $21,645

• 14 · Information technology

  total $17,767 · program services $5,145 · management and general $12,622

• 16 · Occupancy

  total $78,579 · program services $78,579

• 19 · Conferences, conventions and meetings

  total $107 · program services $107

• 22 · Depreciation, depletion and amortization

  total $59,666 · program services $59,666

• 23 · Insurance

  total $15,539 · management and general $15,539

• 24a · Other expenses: ADMIN EXPENSE

  total $147 · management and general $147

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,563,519 · end of year $1,621,827

• 4 · Accounts receivable

  beginning of year $932 · end of year $375

• 9 · Prepaid expenses and deferred charges

  beginning of year $35,139 · end of year $31,034

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

  $2,409,082

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

  $1,984,403

• 10c · Land, buildings and equipment, net

  beginning of year $403,043 · end of year $424,679

• 11 · Investments: publicly traded securities

  beginning of year $5,933,200 · end of year $6,377,924

• 15 · Other assets

  beginning of year $19,018 · end of year $15,125

• 17 · Accounts payable and accrued expenses

  beginning of year $88,970 · end of year $107,721

• 25 · Other liabilities

  beginning of year $12,174 · end of year $8,428

• 27 · Net assets without donor restrictions

  beginning of year $7,853,707 · end of year $8,354,815

The filer's explanations (Part III)

PART I, LINE 3

LOURDES, INC, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT CEO/DIRECTORS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.