Page 2 - Jewish Home 2016-2017 Annual Report

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

8/31/15 8/31/16 8/31/17
ASSETS (amounts in thousands)
Current Assets $41, 652 $52,162 $96,611
Contributions receivable 21,990 19,652 18,054
Property, plant & equipment, net 224,483 288,427 297,043
Assets held in trust for residents 512 428 623
Assets limited as to use 96,038 23,572 11,914
Other long-term assets 42,018 41,139 21,990
TOTAL ASSETS $426,693 $425,380 $446,235

LIABILITIES (amounts in thousands)
Current liabilities $28,705 $39,755 $28,314
Refundable advance fees and deferred revenue 52,841 51,875 156,439
Asset retirement obligation 728 727 571
Resident funds 512 428 623
Fountainview deposits 14,913 15,074 5,059
Long-term debt 234,0705 230,417 168,988
Other long-term liabilities 12,451 5,256 12,972
TOTAL LIABILITIES 344,220 343,532 372,966

NET ASSETS (amounts in thousands)
Unrestricted 41,991 44,108 35,098
Temporarily restricted 30,072 27,245 26,380
Permanently restricted 10,410 10,495 11,791
TOTAL NET ASSETS 82,473 81,848 73,269
TOTAL LIABILITIES & NET ASSETS $426,693 $425,380 $446,235

STATEMENT OF ACTIVITIES
amounts in thousands
8/31/15 8/31/16 8/31/17

Patient service revenue $95,019 $109,633 $112,899
Unrestricted contributions and net assets released
from restriction and used for operations 15,954 14,947 19,965
Temporarily & permanently restricted contributions, net of
net assets released from restriction and used for operations 5231 (2,677) 431
Total revenue 116,204 121,903 133,295

Nursing, medical and dietary 51,189 58,713 65,178
Other general operating 52,904 49,539 57,418
Fund-raising 2,263 2,552 2,724
Debt financing costs 4,139 4,091 6,951
Depreciation and amortization 7,532 7,633 9,603
Total expenses 118,037 122,528 141,874

Revenue in excess of (less than) expenses (1,823) (625) (8,579)

Change in net assets $(1,823) $(625) $(8,579)

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