VPC Report to the Community-2022 - Report - Page 6
FINANCIALS
In FY2022 we provided $3.4 million in
charitable support to qualifying residents
in various public assistance programs.
Consolidated Statement of Operations
Scope & People Served
Units
Residents served........ 896
Staff employed........... 449
Assisted Living........... 532
Memory Care.............. 128
Independent Living..... 100
Care Suites................... 29
Total Units.................. 789
2021
2022
Total Operating Revenue
$32,752,010
$37,159,497
Total Operating Expense
$30,111,342
$34,267,580
$2,640,668
$2,891,917
Operating Income
Contribution Revenue
Non-Operating Gains (Losses)
Excess Revenue Over Expense
$31,762
$72,760
$(720)
$(356,471)
$2,671,710
$2,608,206
Revenue by Type
51.7%
19.9%
12.2%
7.3%
4.2%
4.7%
Assisted Living
Memory Care
Government Funding
Independent Living
Care Suites
Other
6
Report to the Community Fiscal Year 2022
2021
2022
Total Assets
$62,735,367
$72,108,035
Current Assets
$11,029,694
$18,369,425
Other Investments and Assets
Expense by Type
Payroll/Benefits
External Services
Depreciation
Interest
Property Tax/Insurance
Utilities
Food
Supplies
Other
Consolidated Statement of Financial Position
54.0%
9.9%
8.2%
7.2%
4.5%
4.3%
4.0%
2.9%
5.0%
$3,068,821
$4,184,489
Property and Equipment
$48,636,852
$49,554,121
Total Liabilities and Net Assets
$62,735,367
$71,108,035
$4,941,456
$11,476,442
$58,598,831
$58,651,974
$(814,920)
$(1,979,619)
Current Liabilities
Long-Term Debt and Other Obligations
Net Assets