Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $11,246

• 1f · All other contributions, gifts and grants

  $124,584

• 2a · Program service revenue: RESIDENT FEES

  total $6,290,192 · related or exempt $6,290,192

• 2b · Program service revenue: RESIDENT DEPOSITS

  total $2,029,746 · related or exempt $2,029,746

• 2c · Program service revenue: ANCILLARY FEES

  total $231,647 · related or exempt $231,647

• 2d · Program service revenue: PROCESSING FEES

  total $700 · related or exempt $700

• 3 · Investment income

  total $71,349 · excluded $71,349

• 6a · Gross rents

  real property $80,923

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $80,923

• 6d · Net rental income or loss

  total $80,923 · excluded $80,923

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $454,992 · management and general $454,992

• 7 · Other salaries and wages

  total $2,831,467 · program services $2,309,937 · management and general $521,530

• 8 · Pension plan contributions

  total $25,763 · program services $15,218 · management and general $10,545

• 9 · Other employee benefits

  total $308,210 · program services $202,378 · management and general $105,832

• 10 · Payroll taxes

  total $270,485 · program services $204,367 · management and general $66,118

• 11a · Fees: management

  total $283,338 · program services $283,338

• 11b · Fees: legal

  total $54,209 · management and general $54,209

• 11c · Fees: accounting

  total $68,250 · management and general $68,250

• 11g · Fees: other

  total $1,179,701 · management and general $1,179,701

• 12 · Advertising and promotion

  total $128,660 · program services $128,660

• 13 · Office expenses

  total $851,474 · program services $745,175 · management and general $106,299

• 16 · Occupancy

  total $1,411,939 · program services $1,386,897 · management and general $25,042

• 17 · Travel

  total $60,449 · program services $34,998 · management and general $25,451

• 20 · Interest

  total $736,234 · program services $736,234

• 22 · Depreciation, depletion and amortization

  total $2,047,573 · program services $2,047,573

• 23 · Insurance

  total $70,695 · program services $70,695

• 24a · Other expenses: EQUIPMENT RENTAL

  total $298,959 · program services $268,992 · management and general $29,967

• 24b · Other expenses: RESIDENT RELATIONS

  total $60,769 · program services $9,777 · management and general $50,992

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  end of year $426,434

• 4 · Accounts receivable

  end of year $52,469

• 7 · Other notes and loans receivable

  end of year $1,459,200

• 8 · Inventories for sale or use

  end of year $27,429

• 9 · Prepaid expenses and deferred charges

  end of year $2,954,990

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

  $4,630,452

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

  $433,028

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $4,197,424

• 14 · Intangible assets

  end of year $10,132,112

• 15 · Other assets

  beginning of year $0 · end of year $107,357,104

• 17 · Accounts payable and accrued expenses

  beginning of year $11,246 · end of year $3,575,990

• 21 · Escrow or custodial account liability

  end of year $7,887,550

• 23 · Secured mortgages and notes payable

  end of year $18,792,087

• 25 · Other liabilities

  beginning of year $0 · end of year $98,665,561

• 27 · Net assets without donor restrictions

  beginning of year -$11,246 · end of year -$2,319,132

• 28 · Net assets with donor restrictions

  end of year $5,106

The filer's explanations (Part III)

PART I, LINE 7

THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR.

SCHEDULE J, PART II:

TODD DELANEY IS LISTED IN SCHEDULE J, PART II AND IS AN EMPLOYEE OF ERICKSON SENIOR LIVING, LLC ("ESL"), AN UNRELATED ORGANIZATION TO AVERY POINT, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN AVERY POINT, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THE FORM W-2. UNDER THE MANAGEMENT AGREEMENT, AVERY POINT, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR AVERY POINT, INC.

Related partnerships

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

• NATIONAL CCRC BUSINESS TRUST I

  CHARITABLE BUSINESS TRUST · MD

• NATIONAL CCRC STATUTORY TIER IV TRUST

  CHARITABLE BUSINESS TRUST · MD

Related corporations and trusts

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

• THE TALON BAR COMPANY

  C · TO HOLD THE LIQUOR LICENSE FOR THE EAGLE'S TRACE RETIREMENT COMMUNITY · TX