Greencroft Communities Foundation Inc

Organization Overview

Greencroft Communities Foundation Inc is located in Goshen, IN. The organization was established in 1972. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greencroft Communities Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Greencroft Communities Foundation Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $311.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (23.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GREENCROFT COMMUNITIES FOUNDATION PROVIDES FINANCIAL RESOURCES TO GREENCROFT RETIREMENT COMMUNITIES AND AFFILIATES' RESIDENTS TO ENABLE SENIORS TO EMBRACE THE OPPORTUNITIES AND CHALLENGES OF AGING AND ALLOW THEM TO LIVE LIFE TO THE FULLEST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREENCROFT COMMUNITIES FOUNDATION RAISES FUNDS TO HELP RESIDENTS OF ALL THE GREENCROFT RETIREMENT COMMUNITIES AND AFFILIATES EMBRACE THE OPPORTUNITIES AND CHALLENGES OF AGING. THE ORGANIZATION ASSISTS RESIDENTS AT EACH OF THE FOLLOWING RELATED AFFILIATED TAX-EXEMPT ORGANIZATIONS: GREENCROFT CENTRAL MANOR, GREENCROFT MANOR II, GREENCROFT MANOR III, GREENCROFT GOSHEN, GREENCROFT MIDDLEBURY, HAMILTON GROVE, CHICAGO TRAIL VILLAGE, WALNUT HILLS RETIREMENT COMMUNITIES, SOUTHFIELD VILLAGE, OAK GROVE CHRISTIAN RETIREMENT VILLAGE, GOLDEN YEARS HOMESTEAD, GREAT LAKES CHRISTIAN HOMES, AND EDGEWATER PLACE. BENEFICIARIES ALSO INCLUDE PARTICIPANTS IN ADULT DAY SERVICES, PRIVATELY SUPPORTED SENIOR CENTERS (NO TAX DOLLARS), STAFF EDUCATION GRANTS, AND RESIDENTS WHOSE FINANCIAL MEANS ARE EXHAUSTED.


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Board, Officers & Key Employees

Name (title)Compensation
Marty Lehman
Chair
$0
Lynda Olinski
President
$0
Aimee Riemke
Assistant Secretary
$0
Steve Thomas
Foundation Director
$0
Rydell Bontrager
Secretary
$0
Scott Martin
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$100,885
Related organizations$457,134
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$940,946
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,498,965
Total Program Service Revenue$0
Investment income $452,509
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $335,348
Net Income from Fundraising Events -$14,722
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,272,100

Grants Awarded

Over the last fiscal year, Greencroft Communities Foundation Inc has awarded $760,094 in support to 4 organizations.

Grant RecipientAmount

GREENCROFT GOSHEN INC

Org PageRecipient Profile

Goshen, IN

PURPOSE: TO SUPPORT OPERATIONS

$659,961

WALNUT HILLS RETIREMENT COMMUNITIES INC

Org PageRecipient Profile

Walnut Creek, OH

PURPOSE: TO SUPPORT OPERATIONS

$60,717

GREENCROFT MIDDLEBURY INC

Org PageRecipient Profile

Goshen, IN

PURPOSE: TO SUPPORT OPERATIONS

$29,610

SOUTHFIELD VILLAGE INC

Org PageRecipient Profile

South Bend, IN

PURPOSE: TO SUPPORT OPERATION

$9,806
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Greencroft Communities Foundation Inc has recieved totaling $76,577.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$75,000
Chet Waggoner Charitable Tr

South Bend, IN

PURPOSE: GENERAL SUPPORT

$1,541
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$36
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,250,369
Earnings$2,317,528
Admin Expense$1,678
Net Contributions$307,904
Other Expense$605,913
Grants$30,330
Ending Balance$10,237,880

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