Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $75,141

• 2a · Program service revenue: RENTAL INCOME

  total $69,459 · related or exempt $69,459

• 3 · Investment income

  total $39 · excluded $39

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $14,617 · management and general $14,617

• 11c · Fees: accounting

  total $13,250 · management and general $13,250

• 11g · Fees: other

  total $9,084 · management and general $9,084

• 13 · Office expenses

  total $11,859 · program services $11,709 · management and general $150

• 16 · Occupancy

  total $97,842 · program services $97,842

• 22 · Depreciation, depletion and amortization

  total $31,409 · program services $31,409

• 23 · Insurance

  total $6,161 · program services $6,161

• 24a · Other expenses: MISCELLANEOUS

  total $684 · management and general $684

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,905 · end of year $7,863

• 2 · Savings and temporary cash investments

  beginning of year $75,234 · end of year $86,826

• 4 · Accounts receivable

  beginning of year $2,628 · end of year $1,613

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,730 · end of year $3,193

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

  $1,255,292

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

  $722,838

• 10c · Land, buildings and equipment, net

  beginning of year $560,317 · end of year $532,454

• 15 · Other assets

  beginning of year $6,447 · end of year $5,677

• 17 · Accounts payable and accrued expenses

  beginning of year $20,949 · end of year $37,133

• 19 · Deferred revenue

  beginning of year $6,876 · end of year $6,278

• 23 · Secured mortgages and notes payable

  beginning of year $1,203,800 · end of year $1,203,800

• 25 · Other liabilities

  beginning of year $6,977 · end of year $13,023

• 27 · Net assets without donor restrictions

  beginning of year -$582,341 · end of year -$622,608

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE CEO AND PRESIDENT IS DETERMINED BY BEHAVIORAL HEALTH NETWORK. BEHAVIORAL HEALTH NETWORK ESTABLISHES COMPENSATION BY USING FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF DIRECTORS.

PART I, LINE 4B

THE ORGANIZATION HAS A $500,000 DEFERRED COMPENSATION AGREEMENT FOR A KEY MEMBER OF BHN'S MANAGEMENT WHO RETIRED EFFECTIVE JUNE 30, 2021, AND SHALL BE PAID $50,000 ANNUALLY FOR A PERIOD OF TEN YEARS UPON RETIREMENT IN ACCORDANCE WITH THE AGREEMENT WITH THIS INDIVIDUAL. IN CONJUNCTION WITH THE DEFERRED COMPENSATION AGREEMENT, THE ORGANIZATION ALSO INVESTED $307,000 IN A DEFERRED VARIABLE ANNUITY CONTRACT TO PROVIDE FURTHER FUNDING FOR THESE ARRANGEMENTS. THE INVESTMENT IS COMPRISED OF A TEN-YEAR GUARANTEED STABLE VALUE FUND AND A MML MODERATE ALLOCATION FUND.