Building on a Strong Foundation - Elim Park

Consolidated Balance Sheet for Fiscal Years ending
September 30, 2009 & 2008
Assets: . . . . . . . . . . . . . . . . . . . . . . . . . . . .2009 . . . . . . . . .2008
Investments $17,659,252 $17,125,442
Accounts Receivable 3,323,617 1,899,139
Prepaid & Deferred Expenses 797,143 1,030,601
Fixed Assets, Net 43,316,526 45,013,169
Reserve for Bond Payments 4,481,704 4,470,499
Other Assets 494,029 823,748
Total Assets $70,072,271 $70,362,598
Liabilities: 2009 2008
Accounts Payable $945,781 $1,031,548
Deferred Entrance Fees Income 32,306,778 32,116,421
Bonds & Notes Payable 25,995,883 26,803,815
Accruals & Other Liabilities 2,766,793 2,633,002
Total Liabilities $62,015,235 $62,584,786
Fund Balances 8,057,036 7,777,812
Total Liabilities & Net Assets $70,072,271 $70,362,598
Marketing and Development 3 %
Dietary 12 %
Debt Service 7 %
Depreciation and Amortization 11 %
<strong>Building</strong> Services 10 %
Assisted Living Services 4 %
Contributions 1 %
Investment and other revenue 3 %
Medicare 15 %
Deferred Entrance Fees 14 %
Medicaid 22 %
15
Left to right: Elim Park Place residents and volunteers,
Marjorie Rick and Betty Redfield
Elim Park Baptist Home, Inc. Audited Financial Statements
Summary of Expenses & Revenues for the Year ending
September 30, 2009 & 2008
Expenses: 2009 2008
Care for Health Care Residents $11,783,875 $11,688,067
Support Services for
Independent Living Areas 7,407,854 7,593,822
Depreciation & Debt Service
Interest Expense 4,097,426 4,006,260
Total Expenses $23,289,155 $23,288,149
Revenues: 2009 2008
Room & Board, Ancillary &
Service Fees $22,774,590 $21,914,832
Investment & Other Income 531,780 -1,131,060
Total Revenues $23,306,370 $20,783,772
Total Capital Campaign &
other Contributions $262,009 $379,916
Nursing 25 %
Property, Liability, Casualty Insurance 1 %
Resident Services 7 %
Administration & General 20 %
Private 45 %
2009 Expenses
2009 Revenues