Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Resident Service Rev

  total $11,444,941 · related or exempt $11,444,941

• 2b · Program service revenue: Congregate Living

  total $2,706,761 · related or exempt $2,706,761

• 2c · Program service revenue: Child Care Center

  total $122,446 · related or exempt $122,446

• 2d · Program service revenue: Supporting Revenue

  total $22,859 · related or exempt $22,859

• 3 · Investment income

  total $54,875 · excluded $54,875

• 7a · Gross sales of assets other than inventory

  other assets $7,680

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

  other assets $36,719

• 7c · Gain or loss

  other assets -$29,039

• 7d · Net gain or loss

  total -$29,039 · excluded -$29,039

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $6,532,482 · program services $6,074,824 · management and general $457,658

• 8 · Pension plan contributions

  total $50,924 · program services $40,829 · management and general $10,095

• 9 · Other employee benefits

  total $793,360 · program services $738,770 · management and general $54,590

• 10 · Payroll taxes

  total $472,683 · program services $439,692 · management and general $32,991

• 11a · Fees: management

  total $825,233 · program services $825,233

• 11b · Fees: legal

  total $6,273 · management and general $6,273

• 11c · Fees: accounting

  total $10,520 · management and general $10,520

• 11g · Fees: other

  total $1,675,052 · program services $1,642,984 · management and general $32,068

• 12 · Advertising and promotion

  total $15 · program services $15

• 13 · Office expenses

  total $932,440 · program services $909,632 · management and general $22,808

• 14 · Information technology

  total $107,390 · program services $107,390

• 16 · Occupancy

  total $519,312 · program services $497,507 · management and general $21,805

• 17 · Travel

  total $28,493 · program services $21,451 · management and general $7,042

• 19 · Conferences, conventions and meetings

  total $5,015 · program services $3,113 · management and general $1,902

• 20 · Interest

  total $354,920 · program services $354,920

• 22 · Depreciation, depletion and amortization

  total $610,769 · program services $597,192 · management and general $13,577

• 23 · Insurance

  total $156,087 · program services $156,087

• 24a · Other expenses: Medical Supplies

  total $183,335 · program services $183,335

• 24b · Other expenses: Bad Debt

  total $110,544 · program services $110,544

• 24e · All other expenses

  total $166,906 · program services $18,863 · management and general $148,043

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,453,983 · end of year $78,970

• 4 · Accounts receivable

  beginning of year $1,442,558 · end of year $1,556,182

• 8 · Inventories for sale or use

  beginning of year $29,870 · end of year $30,333

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

  $20,620,403

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

  $15,028,467

• 10c · Land, buildings and equipment, net

  beginning of year $5,687,302 · end of year $5,591,936

• 11 · Investments: publicly traded securities

  beginning of year $1,350,552 · end of year $1,476,193

• 14 · Intangible assets

  beginning of year $87,489 · end of year $109,322

• 17 · Accounts payable and accrued expenses

  beginning of year $895,928 · end of year $709,566

• 20 · Tax-exempt bond liabilities

  beginning of year $34,589 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $73,761 · end of year $78,920

• 23 · Secured mortgages and notes payable

  beginning of year $6,650,525 · end of year $6,439,344

• 25 · Other liabilities

  beginning of year $3,914,698 · end of year $1,351,763

• 27 · Net assets without donor restrictions

  beginning of year -$517,747 · end of year $263,343

The filer's explanations (Part III)

Part I, Line 3

The organization relied on Eventide, a related organization, that used a compensation committee, compensation survey or study, and approval by the board or compensation committee methods described in Sch J, Part I, Line 3 to establish the top management official's compensation. Jon Riewer and Darin Ohe are compensated by Eventide, a related organization, for services provided to the organization, Eventide West Fargo, LLC, Eventide Living Center, and Lake Region Lutheran Home.

Related partnerships

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

• Sanders Flats LLC

  Senior Living · MN · general or managing partner