b'G R E E N W O O D H O U S E , H O M E F O R T H E J E W I S H A G E DS T A T E M E N T S O F A C T I V I T I E S A N D C H A N G E I N N E T A S S E T SGREENWOOD HOUSE, HOME FOR THE JEWISH AGEDYears Ended December 31STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETSYEARS ENDED DECEMBER 31,2020 2019 2018 2017 2016OPERATING REVENUENet Patient Service Revenues $ 13,709,565 $15,812,347 $14,896,876 $14,463,345 $14,124,775Other Operating Revenue 30,911 111,558171,879130,711176,173Total Operating Revenue13,740,476 15,923,905 15,068,755 14,594,056 14,300,948OPERATING EXPENSESProgram Expenses:Patient Care:Patient Care Nursing6,351,659 6,309,394 6,276,804 6,239,891 6,046,292Drugs 273,039304,009284,214250,567220,957 Medical Supplies 666,289384,155352,384340,668290,099 Ancillary Services 857,637985,465844,118805,967623,663 Diagnostic Services 46,602 53,96492,37639,12437,902Dietary1,822,267 1,831,971 1,828,099 1,835,349 1,868,979Housekeeping 624,361619,811551,066562,424561,414 Laundry and Linen 78,109 63,95067,29075,94872,090Property Operating Costs1,179,860811,936 1,245,115 1,442,293 1,192,480Recreational Services 319,993471,326420,216410,450391,962 Social Services 109,06798,49791,30693,974128,181 Employee Benefits and Payroll Taxes2,168,042 2,394,078 2,363,223 2,529,994 2,519,318Interest 5,896 Depreciation 806,920821,090859,573899,500564,830 Total Program Expenses15,309,741 15,149,646 15,275,784 15,526,149 14,518,167Fundraising Expenses 223,166347,310358,521246,973211,555 General and Administrative Expenses2,048,382 2,301,134 1,797,395 1,899,174 1,677,410Total Operating Expenses17,581,289 17,798,090 17,431,700 17,672,296 16,407,132OPERATING LOSS (3,840,813)(1,874,185)(2,362,945)(3,078,240)(2,106,184)OTHER INCOME AND OTHER CHANGES IN NET ASSETSContributions 805,106 1,208,832786,359 1,121,192 1,070,906 Government Grants3,430,219Dividend and Interest Income 91,303 75,95977,98586,59455,014Other Changes in Net Assets 808,988 2,650,602 (902,396)705,486601,908 CHANGE IN NET ASSETS1,294,803 2,061,208(2,400,997)(1,164,968) (378,356)Net Assets - Beginning of Year, As Restated (Note 16)19,727,703 17,666,495 20,067,492 21,232,460 21,610,816NET ASSETS - END OF YEAR $ 21,022,506 $19,727,703 $17,666,495 $20,067,492 $21,232,46029'