Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $797,225

• 2a · Program service revenue: SENIOR HOUSING

  total $6,088,838 · related or exempt $6,088,838

• 3 · Investment income

  total $74,950 · excluded $74,950

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $15,926

• 6c · Rental income or loss

  real property $15,926

• 6d · Net rental income or loss

  total $15,926 · excluded $15,926

• 7d · Net gain or loss

  total $0

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $4,344

• 10b · Cost of goods sold

  $1,071

• 10c · Net income from sales of inventory

  total $3,273 · excluded $3,273

• 11a · Other revenue: CULINARY

  total $198,723 · excluded $198,723

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $13,900 · excluded $13,900

• 11c · Other revenue: OTHER RESIDENT SRVC

  total $30,395 · excluded $30,395

• 11d · All other revenue

  total $2,348 · excluded $2,348

• 11e · Other revenue, total

  $245,366

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $2,225,680 · program services $1,866,895 · management and general $358,785

• 8 · Pension plan contributions

  total $11,064 · program services $9,280 · management and general $1,784

• 9 · Other employee benefits

  total $212,990 · program services $178,655 · management and general $34,335

• 10 · Payroll taxes

  total $175,865 · program services $147,515 · management and general $28,350

• 11a · Fees: management

  total $310,945 · management and general $310,945

• 11b · Fees: legal

  total $4,622 · management and general $4,622

• 11c · Fees: accounting

  total $4,896 · management and general $4,896

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $22,111 · program services $15,693 · management and general $6,418

• 12 · Advertising and promotion

  total $13,790 · program services $6,066 · management and general $7,724

• 13 · Office expenses

  total $70,961 · program services $19,865 · management and general $51,096

• 14 · Information technology

  total $70,666 · management and general $70,666

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $267,811 · program services $210,684 · management and general $57,127

• 17 · Travel

  total $7,679 · program services $7,679

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $2,461 · program services $2,461

• 20 · Interest

  total $1,380,856 · program services $1,380,856

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,568,629 · program services $1,568,629

• 23 · Insurance

  total $101,054 · management and general $101,054

• 24a · Other expenses: FOOD

  total $326,993 · program services $326,993

• 24b · Other expenses: BLDG MAINT

  total $150,437 · program services $150,437

• 24c · Other expenses: MISC

  total $21,970 · program services $6,802 · management and general $15,168

• 24d · Other expenses: MEDICAL SUPPLIES

  total $11,736 · program services $11,736

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $44,670 · end of year $1,185,044

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $194,432 · end of year $102,502

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,941 · end of year $8,735

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

  $44,768,583

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

  $3,579,205

• 10c · Land, buildings and equipment, net

  beginning of year $42,694,617 · end of year $41,189,378

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $1,930,337 · end of year $2,498,835

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  beginning of year $787,124 · end of year $765,826

• 15 · Other assets

  end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $929,884 · end of year $940,876

• 20 · Tax-exempt bond liabilities

  beginning of year $39,912,472 · end of year $39,707,060

• 25 · Other liabilities

  beginning of year $6,114,595 · end of year $6,137,852

• 27 · Net assets without donor restrictions

  beginning of year -$1,297,830 · end of year -$1,035,468

Itemized on Schedule J with no Part VII listing of the same name on this return:

• MARK PEDERSON

  BRD VICE CHAIR

  Schedule J breakdown

  Base

  —not reported + $297,934 related

  Bonus

  —not reported

  Other

  —not reported + $1,343 related

  Deferred

  —not reported + $13,450 related

  Nontaxable benefits

  —not reported + $12,211 related

  Filer's total

  —not reported + $324,938 related