Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $691,599

• 1f · All other contributions, gifts and grants

  $449,969

• 2a · Program service revenue: MONTHLY MAINTENANCE FE

  total $18,816,847 · related or exempt $18,816,847

• 2b · Program service revenue: ENTRANCE FEES

  total $10,525,207 · related or exempt $10,525,207

• 2c · Program service revenue: SKILLED NURSING SERVIC

  total $3,121,692 · related or exempt $3,121,692

• 2d · Program service revenue: ASSISTED LIVING

  total $2,420,265 · related or exempt $2,420,265

• 2e · Program service revenue: MEALS & OTHER SERVICES

  total $1,843,820 · related or exempt $1,843,820

• 3 · Investment income

  total $2,043,647 · excluded $2,043,647

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

  total -$50,492 · excluded -$50,492

• 6a · Gross rents

  real property $86,480

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $86,480

• 6d · Net rental income or loss

  total $86,480 · excluded $86,480

• 7a · Gross sales of assets other than inventory

  securities $12,161,738

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

  securities $11,691,023

• 7c · Gain or loss

  securities $470,715

• 7d · Net gain or loss

  total $470,715 · excluded $470,715

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $12,247 · excluded $12,247

• 11e · Other revenue, total

  $12,247

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $880,013 · program services $880,013

• 7 · Other salaries and wages

  total $10,454,064 · program services $9,414,808 · management and general $1,039,256

• 8 · Pension plan contributions

  total $206,463 · program services $163,095 · management and general $43,368

• 9 · Other employee benefits

  total $2,475,281 · program services $2,167,067 · management and general $308,214

• 10 · Payroll taxes

  total $852,535 · program services $772,189 · management and general $80,346

• 11b · Fees: legal

  total $330 · management and general $330

• 11c · Fees: accounting

  total $69,445 · management and general $69,445

• 11f · Fees: investment management

  total $67,356 · management and general $67,356

• 11g · Fees: other

  total $1,322,835 · program services $1,085,377 · management and general $237,458

• 12 · Advertising and promotion

  total $354,288 · management and general $354,288

• 13 · Office expenses

  total $1,169,438 · program services $815,068 · management and general $354,370

• 14 · Information technology

  total $239,109 · program services $22,611 · management and general $216,498

• 16 · Occupancy

  total $1,498,187 · program services $1,497,349 · management and general $838

• 17 · Travel

  total $33,890 · program services $29,931 · management and general $3,959

• 19 · Conferences, conventions and meetings

  total $56,036 · program services $30,242 · management and general $25,794

• 20 · Interest

  total $1,045,473 · program services $1,045,473

• 21 · Payments to affiliates

  total $2,071,646 · management and general $2,071,646

• 22 · Depreciation, depletion and amortization

  total $6,602,857 · program services $6,602,857

• 23 · Insurance

  total $446,065 · program services $370,234 · management and general $75,831

• 24a · Other expenses: FOOD

  total $1,592,875 · program services $1,581,572 · management and general $11,303

• 24b · Other expenses: OTHER EXPENSES

  total $258,708 · program services $258,701 · management and general $7

• 24c · Other expenses: BAD DEBT EXPENSE

  total $15,141 · program services $15,141

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,295,665 · end of year $2,808,855

• 2 · Savings and temporary cash investments

  beginning of year $4,910,945 · end of year $4,744,596

• 4 · Accounts receivable

  beginning of year $656,647 · end of year $1,802,553

• 8 · Inventories for sale or use

  beginning of year $46,352 · end of year $48,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $363,437 · end of year $330,717

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

  $221,593,332

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

  $101,521,816

• 10c · Land, buildings and equipment, net

  beginning of year $91,178,635 · end of year $120,071,516

• 11 · Investments: publicly traded securities

  beginning of year $108,807,937 · end of year $85,327,525

• 12 · Investments: other securities

  beginning of year $451,653 · end of year $451,066

• 15 · Other assets

  beginning of year $15,135,762 · end of year $16,228,030

• 17 · Accounts payable and accrued expenses

  beginning of year $3,569,280 · end of year $8,343,962

• 19 · Deferred revenue

  beginning of year $87,164,049 · end of year $91,807,844

• 20 · Tax-exempt bond liabilities

  beginning of year $21,166,798 · end of year $19,768,061

• 21 · Escrow or custodial account liability

  beginning of year $28,631,871 · end of year $27,933,800

• 23 · Secured mortgages and notes payable

  end of year $3,627,707

• 25 · Other liabilities

  beginning of year $197,025 · end of year $196,702

• 27 · Net assets without donor restrictions

  beginning of year $80,691,048 · end of year $75,492,243

• 28 · Net assets with donor restrictions

  beginning of year $5,426,962 · end of year $4,642,539

The filer's explanations (Part III)

PART I, LINES 4A-B

MATT MACARTHUR, CFO, RECEIVED SEVERANCE PAYMENTS OF $39,138 FROM EMERALD COMMUNITIES IN 2022. EMERALD COMMUNITIES HAS A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EXECUTIVE EMPLOYEES. DURING 2022, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THEIR PLANS: LISA HARDY, PRESIDENT & CEO - $20,499 KAY WALLIN, VP MARKETING & PUBLIC RELATIONS - $16,764

PART I, LINE 7

CERTAIN NON-FIXED INCENTIVE PAYMENTS WERE PAID TO MANAGEMENT STAFF THAT RELATED TO PERFORMANCE MEASUREMENTS OTHER THAN REVENUES AND NET EARNINGS.