Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $5,233,673 · related or exempt $5,233,673

• 3 · Investment income

  total $42,552 · excluded $42,552

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,079,544 · program services $578,919 · management and general $1,500,625

• 7 · Other salaries and wages

  total $937,190 · program services $727,644 · management and general $209,546

• 8 · Pension plan contributions

  total $93,364 · program services $62,914 · management and general $30,450

• 9 · Other employee benefits

  total $184,549 · program services $113,155 · management and general $71,394

• 10 · Payroll taxes

  total $342,863 · program services $94,962 · management and general $247,901

• 11b · Fees: legal

  total $6,980 · management and general $6,980

• 11c · Fees: accounting

  total $54,613 · management and general $54,613

• 11g · Fees: other

  total $243,621 · program services $142,672 · management and general $100,949

• 12 · Advertising and promotion

  total $470,258 · management and general $470,258

• 13 · Office expenses

  total $176,501 · program services $22,034 · management and general $154,467

• 16 · Occupancy

  total $175,846 · program services $10,418 · management and general $165,428

• 17 · Travel

  total $14,153 · program services $4,596 · management and general $9,557

• 22 · Depreciation, depletion and amortization

  total $29,991 · program services $23,993 · management and general $5,998

• 23 · Insurance

  total $3,748 · management and general $3,748

• 24a · Other expenses: EMPLOYEE EXPENSES

  total $453,942 · management and general $453,942

• 24b · Other expenses: BOOKS/DUES/SUB.

  total $8,000 · management and general $8,000

• 24c · Other expenses: LICENSES

  total $75 · management and general $75

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $144,412 · end of year $156,556

• 4 · Accounts receivable

  beginning of year $1,818 · end of year $1,818

• 9 · Prepaid expenses and deferred charges

  beginning of year $198,824 · end of year $213,872

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

  $563,539

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

  $511,141

• 10c · Land, buildings and equipment, net

  beginning of year $65,801 · end of year $52,398

• 12 · Investments: other securities

  beginning of year $368,273 · end of year $507,700

• 15 · Other assets

  beginning of year $10,058,048 · end of year $12,294,492

• 17 · Accounts payable and accrued expenses

  beginning of year $1,652,900 · end of year $1,941,273

• 25 · Other liabilities

  beginning of year $15,236,302 · end of year $17,795,412

• 27 · Net assets without donor restrictions

  beginning of year -$6,052,026 · end of year -$6,509,849

The filer's explanations (Part III)

PART I, LINE 4B

THE ORGANIZATION'S 457 PLAN WAS ELIMINATED AND THE FOLLOWING PAYOUTS WERE MADE: JEFF PETTY - $582,836.36 SHELLEY BALLET - $219,907.35 MICHAEL GRIFFIN - $6,130.41

PART I, LINE 7

BONUSES ARE DISCRETIONARY AND ARE BASED UPON BOTH FINANCIAL AND NONFINANCIAL FACTORS SUCH AS OCCUPANCY, DAYS IN A/R, AND QUALITY MEASURES SUCH AS ACHIEVING FIVE STAR RATINGS.