Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $39,357

• 1f · All other contributions, gifts and grants

  $1,513,019

• 2a · Program service revenue: NURSING CARE RESIDENT SERVICE REV

  total $15,970,614 · related or exempt $15,970,614

• 2b · Program service revenue: RETIREMENT LIVING RESIDENT SERVIC

  total $10,078,631 · related or exempt $10,078,631

• 2c · Program service revenue: PERSONAL CARE RESIDENT SERVICE

  total $7,921,667 · related or exempt $7,921,667

• 2d · Program service revenue: HOSPICE SERVICE

  total $435,718 · related or exempt $435,718

• 3 · Investment income

  total $1,476,784 · excluded $1,476,784

• 7a · Gross sales of assets other than inventory

  securities $34,867,857

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

  securities $34,833,708

• 7c · Gain or loss

  securities $34,149

• 7d · Net gain or loss

  total $34,149 · excluded $34,149

• 11a · Other revenue: OTHER INCOME

  total $510,843 · excluded $510,843

• 11e · Other revenue, total

  $510,843

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $326,011 · program services $180,436 · management and general $145,575

• 7 · Other salaries and wages

  total $17,125,137 · program services $14,851,808 · management and general $2,036,136 · fundraising $237,193

• 8 · Pension plan contributions

  total $275,951 · program services $249,389 · management and general $26,562

• 9 · Other employee benefits

  total $1,237,636 · program services $1,209,432 · management and general $28,204

• 10 · Payroll taxes

  total $1,646,168 · program services $1,444,460 · management and general $184,097 · fundraising $17,611

• 11a · Fees: management

  total $2,034,382 · management and general $2,034,382

• 11b · Fees: legal

  total $397,423 · management and general $397,423

• 11c · Fees: accounting

  total $199,350 · management and general $199,350

• 11g · Fees: other

  total $657,355 · management and general $657,355

• 12 · Advertising and promotion

  total $519,720 · management and general $519,720

• 13 · Office expenses

  total $252,849 · program services $7,574 · management and general $245,275

• 14 · Information technology

  total $735,735 · program services $115,640 · management and general $620,095

• 16 · Occupancy

  total $3,877,300 · program services $3,877,300

• 17 · Travel

  total $5,187 · program services $5,187

• 19 · Conferences, conventions and meetings

  total $97,361 · program services $66,566 · management and general $30,795

• 20 · Interest

  total $2,950,288 · program services $2,950,288

• 22 · Depreciation, depletion and amortization

  total $5,994,247 · program services $5,994,247

• 23 · Insurance

  total $1,044,658 · program services $934,323 · management and general $109,964 · fundraising $371

• 24a · Other expenses: MEDICAL EXPENSES

  total $3,906,185 · program services $3,906,185

• 24b · Other expenses: BAD DEBT

  total $1,608,991 · program services $1,608,991

• 24c · Other expenses: FOOD AND BEVERAGE

  total $1,281,773 · program services $1,281,773

• 24e · All other expenses

  total $266,556 · program services $266,556

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,945 · end of year $345

• 2 · Savings and temporary cash investments

  beginning of year $9,705,279 · end of year $9,188,336

• 3 · Pledges and grants receivable

  beginning of year $99,229 · end of year $394,639

• 4 · Accounts receivable

  beginning of year $3,046,120 · end of year $2,224,818

• 7 · Other notes and loans receivable

  beginning of year $306,783 · end of year $303,230

• 8 · Inventories for sale or use

  beginning of year $67,276 · end of year $104,284

• 9 · Prepaid expenses and deferred charges

  beginning of year $231,903 · end of year $237,411

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

  $199,954,817

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

  $111,790,018

• 10c · Land, buildings and equipment, net

  beginning of year $92,657,107 · end of year $88,164,799

• 11 · Investments: publicly traded securities

  beginning of year $25,027,675 · end of year $29,819,903

• 12 · Investments: other securities

  beginning of year $9,405,079 · end of year $2,405,152

• 15 · Other assets

  beginning of year $4,608,937 · end of year $6,251,873

• 17 · Accounts payable and accrued expenses

  beginning of year $4,262,436 · end of year $3,233,921

• 19 · Deferred revenue

  beginning of year $9,282,775 · end of year $8,992,176

• 20 · Tax-exempt bond liabilities

  beginning of year $76,990,101 · end of year $77,195,721

• 21 · Escrow or custodial account liability

  beginning of year $25,578 · end of year $19,872

• 25 · Other liabilities

  beginning of year $7,181,254 · end of year $7,026,632

• 27 · Net assets without donor restrictions

  beginning of year $16,764,275 · end of year $12,763,519

• 28 · Net assets with donor restrictions

  beginning of year $30,650,914 · end of year $29,862,949

The filer's explanations (Part III)

PART I, LINE 3

THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY LIFE CARE SERVICES, LLC WHICH IS IN A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES TO THE FOUNDATION. THIS AMOUNT IS BASED ON A PERCENTAGE OF THE FOUNDATION 'S GROSS REVENUE IN EACH YEAR.