VPC Report to the Community-2020-WEB - Flipbook - Page 6
FINANCIALS
In FY2020 we provided $3.7 million in
charitable support to qualifying residents
in various public assistance programs.
Scope & People Served
Units
Residents served
Staff employed
Assisted Living
505
Memory Care
104
Independent Living 100
Care Suites
27
864
463
Total Units
Consolidated Statement of Operations
2019
2020
Total Operating Revenue
$28,783,063
$28,904,783
Total Operating Expense
$27,528,273
$28,880,083
$1,254,790
$24,700
$30,576
$37,204
Non-Operating Gains and Losses
$5,429,851
$(605)
Excess of Revenue Over Expense
$6,715,216
$61,299
Operating Income
Contribution Income
736
Consolidated Statement of Financial Position
Revenue
by Type
Expense
by Type
6
Report to the Community | Fiscal Year 2020
61.3%
21.1%
10.3%
5.5%
1.8%
54.8%
8.7%
8.2%
7.0%
4.7%
4.2%
4.3%
2.9%
5.2%
Assisted Living
Memory Care
Independent Living
Care Suites
Other
Payroll/Benefits
Depreciation
Interest
External Services
Property Tax/Insurance
Utilities
Food
Supplies
Other
2019
2020
$56,507,070
$58,237,583
Current Assets
$8,522,996
$11,110,854
Other Investments and Assets
$2,626,333
$2,896,818
Property and Equipment
$45,357,741
$44,229,911
Total Liabilities and Net Assets
$56,507,070
$58,237,583
Total Assets
Current Liabilities
$4,559,195
$4,563,626
Long-Term Debt and Other Obligations
$55,253,068
$57,024,103
Net Assets
$(3,305,193)
$(3,350,146)
