Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET RESIDENT SERVICES

  total $17,066,940 · related or exempt $17,066,940

• 2b · Program service revenue: ENTRANCE FEE AMORTIZATION

  total $203,156 · related or exempt $203,156

• 2c · Program service revenue: PROCESS AND APPLICATION REVENUE

  total $133,250 · related or exempt $133,250

• 3 · Investment income

  total $163,028 · excluded $163,028

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

  securities $1,338,159

• 7c · Gain or loss

  securities -$1,338,159

• 7d · Net gain or loss

  total -$1,338,159 · excluded -$1,338,159

• 11a · Other revenue: BEAUTY SHOP

  total $66,478 · excluded $66,478

• 11b · Other revenue: DINING REVENUE

  total $33,911 · excluded $33,911

• 11c · Other revenue: HOUSEKEEPING REVENUE

  total $13,566 · excluded $13,566

• 11d · All other revenue

  total $47,577 · excluded $47,577

• 11e · Other revenue, total

  $161,532

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $5,931,178 · program services $5,411,040 · management and general $520,138

• 8 · Pension plan contributions

  total $116,374 · program services $98,070 · management and general $18,304

• 9 · Other employee benefits

  total $590,779 · program services $525,669 · management and general $65,110

• 10 · Payroll taxes

  total $459,357 · program services $419,140 · management and general $40,217

• 11a · Fees: management

  total $720,000 · program services $648,000 · management and general $72,000

• 11b · Fees: legal

  total $5,971 · management and general $5,971

• 11c · Fees: accounting

  total $4,050 · management and general $4,050

• 11g · Fees: other

  total $4,445,690 · program services $4,407,310 · management and general $38,380

• 12 · Advertising and promotion

  total $77,593 · program services $76,170 · management and general $1,423

• 13 · Office expenses

  total $139,745 · program services $115,471 · management and general $24,274

• 14 · Information technology

  total $159,538 · management and general $159,538

• 16 · Occupancy

  total $514,899 · program services $495,614 · management and general $19,285

• 17 · Travel

  total $26,877 · program services $26,566 · management and general $311

• 19 · Conferences, conventions and meetings

  total $7,329 · program services $2,579 · management and general $4,750

• 20 · Interest

  total $2,240,072 · program services $2,240,072

• 22 · Depreciation, depletion and amortization

  total $3,731,872 · program services $3,731,872

• 23 · Insurance

  total $116,838 · management and general $116,838

• 24a · Other expenses: TAXES & LICENSES

  total $331,101 · management and general $331,101

• 24b · Other expenses: MEDICAL PURCHASES/SUPPL

  total $114,349 · program services $114,349

• 24c · Other expenses: RESIDENT EXPENSES

  total $85,183 · program services $85,183

• 24d · Other expenses: REPAIRS AND RENOVATIONS

  total $81,336 · program services $81,336

• 24e · All other expenses

  total $140,025 · program services $67,159 · management and general $72,866

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,556,077 · end of year $5,966,366

• 2 · Savings and temporary cash investments

  beginning of year $5,264,655 · end of year $2,916,091

• 4 · Accounts receivable

  beginning of year $1,351,270 · end of year $458,488

• 9 · Prepaid expenses and deferred charges

  beginning of year $34,947 · end of year $11,116

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

  $96,830,157

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

  $11,312,892

• 10c · Land, buildings and equipment, net

  beginning of year $87,636,816 · end of year $85,517,265

• 14 · Intangible assets

  beginning of year $9,266,227 · end of year $8,236,661

• 15 · Other assets

  beginning of year $2,665,884 · end of year $1,327,725

• 17 · Accounts payable and accrued expenses

  beginning of year $6,678,160 · end of year $3,328,950

• 19 · Deferred revenue

  beginning of year $5,773,711 · end of year $7,651,497

• 20 · Tax-exempt bond liabilities

  beginning of year $47,611,529 · end of year $46,801,829

• 25 · Other liabilities

  beginning of year $39,451,809 · end of year $40,041,178

• 27 · Net assets without donor restrictions

  beginning of year $10,260,667 · end of year $6,610,258

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION PAID BY BHI RETIREMENT COMMUNITIES IS DETERMINED BY THE REVIEW AND APPROVAL OF THE BOARD WHICH INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.

PART I, LINE 4B

NONQUALIFIED RETIREMENT PLAN: A 457(F) DEFERRED COMPENSATION PLAN WAS SET UP FOR JOHN DATTILO AND ROGER WEIDEMAN IN APRIL OF 2019. JOHN DATTILO'S PLAN BEGINS VESTING IN 2031 AND ROGER WEIDEMAN'S PLAN BEGINS VESTING IN 2034.

PART I, LINE 7

ALL BONUSES ARE DISCRETIONARY AND BASED ON PERFORMANCE MEASURES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• WESLEY MANOR SOUTHSIDE LP

  SENIOR LIVING · IN · general or managing partner

Related corporations and trusts

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

• SLDEVELOPMENT INC

  C · GOLF COURSE · IN · controlled entity

• BHI HOME CARE INC

  C · HOME CARE · IN · controlled entity