Page 12 - Acts Annual Report 2020

Acts Retirement Services, Inc.
(Includes Acts Retirement-Life Communities, Inc. and Affiliates)
Consolidated Statement of Financial Position and Summary of Operating Activities For the Years Ended December 31, 2020 and 2019
(In thousands)
Cash and investments Property and equipment, net Other assets
TOTAL ASSETS
Long-term indebtedness
Deferred revenue from entrance fees Other liabilities
TOTAL LIABILITIES AND DEFERRED REVENUE NET ASSETS:
Net assets without donor restrictions beginning of year
OPERATING ACTIVITY:
Total operating revenue Total operating expenses
Operating Income
Total non-operating activity
Increase in net assets without donor restrictions Net assets without donor restrictions
Net assets with donor restrictions
TOTAL NET ASSETS
TOTAL LIABILITIES, DEFERRED REVENUE AND NET ASSETS
ASSETS:
LIABILITIES, DEFERRED REVENUE AND NET ASSETS:
2020 OPERATING REVENUE
2020 OPERATING EXPENSES
$582.0 Million
Investment Income: 2%
Other Income: 2%
Third Party Revenue: 8%
Entrance Fee Amortization: 21%
Resident Services Revenue: 67%
Interest: 5% Insurance, Utilities &
2020
$566,015 1,556,465 173,698
$2,296,178
$977,100 947,482 181,620
$2,106,202
125,688
587,301 (582,024)
5,277 4,531
9,808 135,496 54,480 $189,976
$2,296,178
2019
$476,798 1,531,082 177,222
$2,185,102
$852,758 932,966 223,356
$2,009,080
97,757
573,855 (561,121)
12,734 15,197
27,931 125,688 50,334 $176,022
$2,185,102
$587.3 Million
Real Estate Taxes: 9% Food, Supplies &
10 | ACTS RETIREMENT SERVICES
Other: 13% Depreciation &
Amortization: 15%
Salary, Wages, Benefits & Contracted Services: 58%