Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,095

• 1f · All other contributions, gifts and grants

  $2,675

• 2a · Program service revenue: RESIDENT SERVICE

  total $8,251,326 · related or exempt $8,251,326

• 2b · Program service revenue: MANAGEMENT FEES

  total $53,671 · related or exempt $53,671

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $113,767 · excluded $113,767

• 6a · Gross rents

  real property $96,996

• 6c · Rental income or loss

  real property $96,996 · personal property $0

• 6d · Net rental income or loss

  total $96,996 · excluded $96,996

• 7a · Gross sales of assets other than inventory

  securities $244,771

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

  securities $141,596 · other assets $2,710

• 7c · Gain or loss

  securities $103,175 · other assets -$2,710

• 7d · Net gain or loss

  total $100,465 · excluded $100,465

• 11a · Other revenue: CAFETERIA/MEALS

  total $35,977 · related or exempt $35,977

• 11b · Other revenue: TENANT CHARGES

  total $20,699 · related or exempt $20,699

• 11c · Other revenue: BEAUTY/BARBERSHOP

  total $15,523 · related or exempt $15,523

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $72,199

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,600 · program services $12,600

• 7 · Other salaries and wages

  total $3,432,295 · program services $3,263,457 · management and general $168,838

• 8 · Pension plan contributions

  total $113,787 · program services $108,190 · management and general $5,597

• 9 · Other employee benefits

  total $717,372 · program services $682,084 · management and general $35,288

• 10 · Payroll taxes

  total $34,952 · program services $33,233 · management and general $1,719

• 11a · Fees: management

  total $686,762 · management and general $686,762

• 11b · Fees: legal

  total $2,159 · management and general $2,159

• 11c · Fees: accounting

  total $32,700 · management and general $32,700

• 11g · Fees: other

  total $2,126,060 · program services $2,017,180 · management and general $108,880 · fundraising $0

• 12 · Advertising and promotion

  total $42,706 · program services $42,706

• 13 · Office expenses

  total $366,160 · program services $306,647 · management and general $59,513

• 16 · Occupancy

  total $498,234 · program services $348,765 · management and general $149,469

• 17 · Travel

  total $20,667 · program services $6,200 · management and general $14,467

• 20 · Interest

  total $473,425 · program services $473,425

• 22 · Depreciation, depletion and amortization

  total $613,189 · program services $613,189

• 23 · Insurance

  total $155,544 · program services $132,212 · management and general $23,332

• 24a · Other expenses: DIETARY

  total $367,759 · program services $367,759

• 24b · Other expenses: BAD DEBTS

  total $302,207 · program services $302,207

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $239,736 · program services $239,736

• 24d · Other expenses: MEDICAL SUPPLIES

  total $177,218 · program services $177,218

• 24e · All other expenses

  total $233,049 · program services $233,049 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $500

• 2 · Savings and temporary cash investments

  beginning of year $2,359 · end of year -$620,421

• 4 · Accounts receivable

  beginning of year $1,398,962 · end of year $1,547,481

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,500 · end of year $47,963

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

  $21,659,759

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

  $14,335,289

• 10c · Land, buildings and equipment, net

  beginning of year $7,678,749 · end of year $7,324,470

• 11 · Investments: publicly traded securities

  beginning of year $561,562 · end of year $686,327

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $18,642 · end of year $18,642

• 15 · Other assets

  beginning of year $1,851,492 · end of year $1,920,442

• 17 · Accounts payable and accrued expenses

  beginning of year $1,775,789 · end of year $1,740,310

• 19 · Deferred revenue

  beginning of year $80,484 · end of year $124,827

• 20 · Tax-exempt bond liabilities

  beginning of year $11,263,734 · end of year $10,919,072

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $4,040,991 · end of year $5,807,826

• 27 · Net assets without donor restrictions

  beginning of year -$6,379,929 · end of year -$8,456,316

• 28 · Net assets with donor restrictions

  beginning of year $736,697 · end of year $789,685

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GREENCROFT MANAGEMENT INC

  C Corporation · MGMT · IN · 0% owned · share of income $0 · share of assets $0

  Directly controlled by NA