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SUMMaRIZED oPERaTINg RESUlTS<br />
in millions<br />
Revenues<br />
2010 2009<br />
Resident fees $ 48,369 $ 46,550<br />
amortization of entrance fees 12,739 11,573<br />
Fees for services and other income 11,506 8,120<br />
Investment income including realized and unrealized<br />
gains and losses on investments 4,774 17,161<br />
SSNC activity and support 2,934 3,841<br />
Expenses<br />
80,322 87,245<br />
Housing 17,291 15,447<br />
Food service 12,189 12,324<br />
Health care 18,145 17,119<br />
other program services 12,162 12,323<br />
Program support expense 6,704 6,532<br />
Depreciation 8,605 8,183<br />
Interest 2,693 2,398<br />
77,789 74,326<br />
Increase in net assets 2,533 12,919<br />
Net assets at beginning of year 6,942 (5,977)<br />
Net assets at end of year $ 9,475 $ 6,942<br />
2010 Revenues by Source 2010 Expenses by Program<br />
Fees for Services<br />
and Other<br />
Income 14%<br />
SSNC Activity<br />
and Support 4%<br />
Resident<br />
Fees 60%<br />
Investment<br />
Income 6%<br />
Amortization of<br />
Entrance Fees 16%<br />
Health<br />
Care 23%<br />
Food<br />
Service<br />
16%<br />
Program Support<br />
Expense 9%<br />
Other Program<br />
Services 16%<br />
Depreciation 11%<br />
Interest 3%<br />
Housing Program 22%<br />
Design and principal photography by e.g. communications. additional photography: front cover Bill Schwob Photography; p. 1 Kevin Ng Photography; pgs. 12 & 15 (The Woods) Richard Hubacek.<br />
Printed with soy-based inks on paper that is 30% post-consumer waste recycled, acid free and elemental chlorine free, and FSC/SFI/PEFC certified.<br />
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