b'Balance S H E E T * S T A T E M E N T O F C H A N G E SI N N E T A S S E T S *Fiscal Year 2019December 31, 2019 REVENUE:Net direct service revenue$47,884,406ASSETS: Contributions$703,453Current assets$14,424,200 Realized investment income$932,170Restricted investmentslong-term$1,827,890 Trust and deferred gifts income$365,435Property and equipment$68,520,565 Total Revenue$49,885,464Assets whose use is limited$15,221,811Statutory minimum liquid reserves$3,398,274 EXPENSES:Other long-term assets$2,783,565 Salaries, bene\x1e ts and contracted services$34,419,799Total Assets$106,176,305 Depreciation and amortization$8,121,062Bond interest and fees$1,236,772LIABILITIES: Other expenses$10,071,595Current liabilities$9,985,186 Change in fair value of interest rate swap$1,613,537Long-term liabilities$83,529,270 Total Expenses$55,462,765Total Liabilities$93,514,456NET ASSETS: De\x1f ciency of Revenue over Expenses($5,577,301)Net assets with donor restrictions$4,725,361Net assets without donor restrictions$7,936,488 Unrealized Gain on Investments$2,793,339Total Net Assets$12,661,849Decrease in Net Assets($2,783,962)Total Liabilities and Net Assets$106,176,305Organizational Operational Loss($2,990,078)Operations include all direct services to children, families, older adults and community services.STEWARDSHIP RESPONSIBILITY NOTE Investment in Property and Equipment$9,243,383Our goal as a not-for-pro\x1e t organization is to have the resources available to fundBENEVOLENT CARE:the following mission needs: charitable services, periodic operational shortfalls,Assistance to residents in personal care and independent living $1,446,000investment in property and equipment, program enhancements and future growth. Your contributions are essential to help provide these resources. Uncompensated cost above reimbursement from Medicaid forresidents in skilled nursing care $6,284,000Luthercare for Kids Early Learning Center scholarships $113,000Total Benevolent Care$7,843,000*The summarized balance sheet and statement of changes in net assets were derived from the audited \x1f nancial statements. 14 15'