Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $35,742

• 2a · Program service revenue: RESIDENTIAL SERVICES

  total $18,542,144 · related or exempt $18,542,144

• 2b · Program service revenue: MEDICARE CENTER

  total $6,891,470 · related or exempt $6,891,470

• 2c · Program service revenue: HEALTH CENTER

  total $4,189,388 · related or exempt $4,189,388

• 2d · Program service revenue: DEMENTIA FACILITY

  total $2,626,060 · related or exempt $2,626,060

• 2e · Program service revenue: OTHER PROGRAM REVENUE

  total $73,945 · related or exempt $73,945

• 3 · Investment income

  total $759,644 · excluded $759,644

• 5 · Royalties

  total $386,120 · excluded $386,120

• 6a · Gross rents

  real property $38,660

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $38,660

• 6d · Net rental income or loss

  total $38,660 · excluded $38,660

• 7a · Gross sales of assets other than inventory

  securities $93,156,457

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

  securities $93,157,235

• 7c · Gain or loss

  securities -$778

• 7d · Net gain or loss

  total -$778 · excluded -$778

• 11a · Other revenue: DISTRIBUTION FROM LITI

  total $9,124,467 · related or exempt $9,124,467

• 11e · Other revenue, total

  $9,124,467

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $432,063 · program services $432,063

• 5 · Compensation of officers, directors and key employees

  total $747,683 · program services $661,085 · management and general $86,598

• 7 · Other salaries and wages

  total $13,497,108 · program services $11,933,853 · management and general $1,563,255

• 8 · Pension plan contributions

  total $95,626 · program services $84,550 · management and general $11,076

• 9 · Other employee benefits

  total $2,212,206 · program services $1,955,985 · management and general $256,221

• 11a · Fees: management

  total $132,743 · program services $132,743

• 11b · Fees: legal

  total $225,202 · program services $5,699 · management and general $219,503

• 11c · Fees: accounting

  total $279,968 · management and general $279,968

• 11f · Fees: investment management

  total $133,832 · management and general $133,832

• 11g · Fees: other

  total $1,904,123 · program services $1,253,873 · management and general $650,250

• 12 · Advertising and promotion

  total $480,885 · program services $95,568 · management and general $385,317

• 13 · Office expenses

  total $131,482 · program services $35,756 · management and general $95,726

• 14 · Information technology

  total $366,866 · program services $141,625 · management and general $225,241

• 16 · Occupancy

  total $2,260,039 · program services $2,201,786 · management and general $58,253

• 17 · Travel

  total $135,497 · program services $123,446 · management and general $12,051

• 19 · Conferences, conventions and meetings

  total $42,474 · program services $28,305 · management and general $14,169

• 20 · Interest

  total $4,432,702 · program services $3,723,298 · management and general $709,404

• 22 · Depreciation, depletion and amortization

  total $5,314,476 · program services $4,463,954 · management and general $850,522

• 23 · Insurance

  total $2,190,537 · program services $563,803 · management and general $1,626,734

• 24a · Other expenses: RESTRUCTING COSTS

  total $3,506,565 · management and general $3,506,565

• 24b · Other expenses: FOOD AND FOOD SERVICE

  total $1,689,712 · program services $1,651,402 · management and general $38,310

• 24c · Other expenses: THERAPIES

  total $1,601,748 · program services $1,601,748

• 24d · Other expenses: PHARMACY, LAB AND XRAYS

  total $653,362 · program services $653,362

• 24e · All other expenses

  total $1,669,667 · program services $1,669,667

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,725 · end of year $3,199

• 2 · Savings and temporary cash investments

  beginning of year $19,525,893 · end of year $1,209,139

• 4 · Accounts receivable

  beginning of year $2,360,833 · end of year $2,851,377

• 8 · Inventories for sale or use

  beginning of year $9,800 · end of year $14,394

• 9 · Prepaid expenses and deferred charges

  beginning of year $539,612 · end of year $1,576,368

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

  $130,677,216

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

  $67,909,279

• 10c · Land, buildings and equipment, net

  beginning of year $63,946,735 · end of year $62,767,937

• 11 · Investments: publicly traded securities

  beginning of year $2,632,672 · end of year $13,967,824

• 12 · Investments: other securities

  beginning of year $417,379 · end of year $441,469

• 15 · Other assets

  beginning of year $741,235 · end of year $741,235

• 17 · Accounts payable and accrued expenses

  beginning of year $8,477,491 · end of year $3,844,329

• 19 · Deferred revenue

  beginning of year $15,577,604 · end of year $15,282,741

• 20 · Tax-exempt bond liabilities

  beginning of year $76,455,000 · end of year $82,419,671

• 24 · Unsecured notes and loans payable

  beginning of year $4,000,000 · end of year $0

• 25 · Other liabilities

  beginning of year $23,261,517 · end of year $21,034,852

• 27 · Net assets without donor restrictions

  beginning of year -$38,100,281 · end of year -$39,527,713

• 28 · Net assets with donor restrictions

  beginning of year $505,553 · end of year $519,062

The filer's explanations (Part III)

PART I, LINE 7

COMMISSIONS WERE PAID ON SALES OF INDEPENDENT LIVING UNITS.