West Liberty Care Center Inc

“Resident custodian accounts medicaid residents can request, and in certain cases, west liberty care center is required to maintain their personal funds in a custodian account. These custodial accounts are accounted for separately and are maintained by the nursing facility on the residents' behalf. The custodial accounts are listed on the balance sheet of form 990, part x, line 21 as custodial account liabilities of $2,579”

“Intended use of endownment funds the company has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the company must hold in perpetuity. Under this policy, as approved by the company's board, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of various market indices based on type of investments while assuming a moderate level of investment risk. The company expects its endowment funds, over time, to provide an average rate of return of approximately 5% annually. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the company relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The company targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. Since the donor has not restricted the use of investment income (interest and dividend, realized and unrealized gains and losses) on the donor-restricted endowment funds, the company utilizes those earnings in their operations which are included in unrestricted net assets. In establishing this policy, the company considered the long-term expected return on its endowment. This is consistent with the company's objective to maintain the purchasing power of the endowment assets held in perpetuity, as well as to provide additional real growth through new gifts.”

“The Community, Foundation, Homes, and Garden Apartments are tax-exempt organizations as described in Section 501(c)(3) of the Internal Revenue Code and are exempt from Federal income taxes on related income pursuant to Section 501(a) of the Code. Care at Home is a single member limited liability company of the Foundation and, therefore, is disregarded for Federal income tax purposes, and as a result its operations will be included in the Foundation's Federal tax return. GHA, LLC is a single member limited liability company of the Homes, however GHA, LLC has made an election to be taxed as a corporation. No deferred tax benefit has been recorded at December 31, 2022 and 2021. The entities are no longer subject to Federal income tax examinations by tax authorities before 2017.”