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Nonprofiteer
← PENACOOK ASSISTED LIVING FACILITY INC

Form 990 for tax year 2022

Filed by PENACOOK ASSISTED LIVING FACILITY INC.

Totals

Total revenue
$3,717,378
Total expenses
$3,720,868
Contributions and grants received
$16,325
Grants paid
$0
Program service revenue
$3,649,743
Investment income
$32,091
Other revenue
$19,219
Total assets, end of year
$5,955,545
Total liabilities, end of year
$6,865,227
Net assets or fund balances, end of year
-$909,682
Program services expenses (Part IX)
$3,533,501
Management and general expenses
$187,367
Fundraising expenses
$0
Program service expenses (Part III)
$3,533,501

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $16,325

  • 2a · Program service revenue: RENTAL INCOME

    total $3,649,743 · related or exempt $3,649,743

  • 3 · Investment income

    total $23,591 · excluded $23,591

  • 7a · Gross sales of assets other than inventory

    other assets $8,500

  • 7c · Gain or loss

    other assets $8,500

  • 7d · Net gain or loss

    total $8,500 · related or exempt $8,500

  • 11a · Other revenue: OTHER REVENUE

    total $19,219 · related or exempt $19,219

  • 11e · Other revenue, total

    $19,219

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $187,367 · management and general $187,367

  • 7 · Other salaries and wages

    total $683,775 · program services $683,775

  • 9 · Other employee benefits

    total $166,984 · program services $166,984

  • 10 · Payroll taxes

    total $73,134 · program services $73,134

  • 11b · Fees: legal

    total $35,268 · program services $35,268

  • 11c · Fees: accounting

    total $9,355 · program services $9,355

  • 12 · Advertising and promotion

    total $20,359 · program services $20,359

  • 13 · Office expenses

    total $13,045 · program services $13,045

  • 16 · Occupancy

    total $237,903 · program services $237,903

  • 17 · Travel

    total $3,440 · program services $3,440

  • 19 · Conferences, conventions and meetings

    total $911 · program services $911

  • 20 · Interest

    total $207,613 · program services $207,613

  • 22 · Depreciation, depletion and amortization

    total $364,309 · program services $364,309

  • 23 · Insurance

    total $45,053 · program services $45,053

  • 24a · Other expenses: CONTRACTED SERVICES

    total $1,213,669 · program services $1,213,669

  • 24b · Other expenses: FOOD

    total $259,475 · program services $259,475

  • 24c · Other expenses: PROPERTY TAXES

    total $77,375 · program services $77,375

  • 24d · Other expenses: KITCHEN SUPPLIES

    total $29,725 · program services $29,725

  • 24e · All other expenses

    total $92,108 · program services $92,108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,058,223 · end of year $2,074,632

  • 4 · Accounts receivable

    beginning of year $37,979 · end of year $67,730

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,413 · end of year $58,838

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

    $9,266,616

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

    $5,512,271

  • 10c · Land, buildings and equipment, net

    beginning of year $3,899,966 · end of year $3,754,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,128 · end of year $217,315

  • 19 · Deferred revenue

    beginning of year $35,887 · end of year $33,707

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,390,800 · end of year $6,326,545

  • 25 · Other liabilities

    beginning of year $264,958 · end of year $287,660

  • 27 · Net assets without donor restrictions

    beginning of year -$906,192 · end of year -$909,682

Mission and programs · 2022

Mission

THE PURPOSES OF THE CORPORATION SHALL BE TO ASSIST IN THE DEVELOPMENT AND MANAGEMENT OF ADULT HEALTH CARE FACILITIES AND SERVICES FOR PERSONS AGE 55 AND OLDER IN NEED OF CARE ASSISTANCE AND TO PROVIDE OTHER AND FURTHER SERVICES AS ARE DESIRABLE TO PROMOTE THE SOCIAL WELFARE OF THE CITIZENS OF THE STATE OF NEW HAMPSHIRE.

  • QUALITY ASSISTED CARE COMMUNITY WHICH PROVIDES AFFORDABLE LIVING FOR FRAIL, ELDERLY CITIZENS.

    Expenses $3,533,501 · Revenue $3,677,462

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Hein

    EXECUTIVE DI

    Total calculated
    $111,567
    From this org
    $99,834
    From related orgs
    $0
    Other
    $11,733
    Hours/week
    40

  • Christine Record

    SECRETARY

    Total calculated
    $72,079
    From this org
    $60,001
    From related orgs
    $0
    Other
    $12,078
    Hours/week
    1

  • Bj Entwisle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dick Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deb Horton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Irish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Lascelle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denise Martel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aki Mathieu

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Walker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Walls

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
29 August 2023
IRS schema version
2022v5.0
Source object
202332689349300038

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