b'P R E S B Y T E R I A N H O M E Sfinancial overview YEARS ENDED MARCH 31, 2024 AND 2023(DOLLARS IN THOUSANDS) CONSOLIDATED BALANCE SHEETCONSOLIDATED STATEMENT OF OPERATIONSASSETS FY 2024 FY 2023 OPERATING REVENUE FY 2024 FY 2023Cash and cash equivalents, Monthly fees$126,428 $116,433investments in trading portfolio, Other revenue4,186 4,692 excluding those whose use is limited$231,911 $ 205,360 TOTAL RESIDENTIAL REVENUE130,614 121,125 Assets whose use is limited8,845 14,238 Entrance fee amortization20,244 19,621 Accounts receivable and other receivables5,589 6,785 Reimbursement from Geneva Foundation3,941 4,191 Due from related parties508 782Prepaid insurance and other4,621 2,491 TOTAL OPERATING REVENUE$154,799 $144,937Property and equipment, net395,010 396,428 OPERATING EXPENSESRight-of-use operating lease assets829 1,043 Salaries and benefits$73,605 $69,247Other long-term assets4,014 4,064 Supplies8,927 8,768TOTAL ASSETS$ 651,327 $631,191 Purchased services23,058 23,689LIABILITIES AND NET ASSETS Utilities5,173 3,652Accounts payable, deposits Other3,138 6,263and accrued liabilities$30,884 $37,378 Depreciation33,916 31,856Entrance fee refunds14,200 14,950 TOTAL OPERATING EXPENSES147,817 143,475Due to related parties 34 OPERATING INCOME$6,982 $1,462Notes and bonds payable173,202 180,556Deferred entrance fees140,955 135,789 NON-OPERATING REVENUE (EXPENSE)Refundable entrance fees122,433 116,022 Investment gain (loss)$19,302 $(8,821 )Lease liabilitiesoperating1,019 1,238 Change in fair value of interest rate swap(100 )1,549Other long-term liability5,956 6,197 Interest expense(5,844)(5,046 )Net assets162,678 139,027 Other129 32TOTAL LIABILITIES AND NET ASSETS$651,327 $631,191 TOTAL NON-OPERATINGREVENUE (EXPENSE)13,487 (12,286 )NET ASSETS RELEASED FOR CAPITAL PURCHASES$3,182 24CHANGE IN NET ASSETS$23,651 $(10,800 )PRESBYTERIAN HOMES & GENEVA FOUNDATION 2024 ANNUAL REPORT15'