Page 26 - Jewish Home Annual Report 2012-2013

STATEMENT OF ACTIVITIES

8/31/11 8/31/12 8/31/13
amounts in thousands
Operating Revenue
Patient service revenue $87,323* $84,014 $82,264
Unrestricted contributions and net assets
released from restriction and used for operations 13,450 13,966 16,163
Temporarily & permanently restricted contributions,
net of net assets released from restriction and used
for operations (4,048) (3,370) 9,659
Total revenue 96,725 94,610 108,086

Operating Expenses
Nursing, medical and dietary 39,846 42,026 45,689
Other general operating 36,755 40,119 44,283
Fund-raising 1,908 2,020 2,080
Debt fnancing costs 7,620 6,888 6,206
Depreciation and amortization 5,962 6,042 6,691

Total operating expenses 92,091 97,095 104,949
Revenue in excess of (less than) expenses 4,634 (2,485) 3,137

Change in net assets $4,634 $(2,485) $3,137

* 2011 includes retroactive reimbursement of actual costs for one of the Homes facilities for 2007 through
2010. The facility was opened in 2007. In 2011 the preliminary rate used since opening was adjusted
by the Medi-Cal program as a result of their review of the facilitys actual costs during 2007, 2008,
2009 and 2010. The retroactive reimbursement for actual costs incurred during these years totaled
$7.9 million.

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