Greencroft Communities Foundation Inc
- Assets
- $17.6m
- Revenue
- $2.3m
- Investments
- $763.6k
- Employees
- 0
- Location
- Goshen, IN
- Founding
- 01/1972
- Data as of
- 06/2021
- EIN
- 23-7126990
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Marty Lehman Chair | OfficerTrustee | 1 | $0 |
Steve Thomas Foundation Director | Officer | 39 | $0 |
Lynda Olinski President | Officer | 3 | $0 |
Aimee Riemke Assistant Secretary | Officer | 0.1 | $0 |
Rydell Bontrager Secretary | Officer | 0.1 | $0 |
Scott Martin Treasurer | Officer | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,181 |
| Grants and other assistance to domestic individuals. | $103,378 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,641 |
| Pension plan accruals and contributions | $1,185 |
| Other employee benefits | $11,102 |
| Payroll taxes | $5,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116 |
| Fees for services: Accounting | $15,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,381 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,286 |
| Advertising and promotion | $0 |
| Office expenses | $13,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $311,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $322,166 |
| Pledges and grants receivable | $1,366,594 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,056,424 |
| Investments—other securities | $763,551 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,322 |
| Total assets | $17,611,057 |
| Accounts payable and accrued expenses | $871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116 |
| Total liabilities | $987 |
| Net assets without donor restrictions | $11,040,412 |
| Net assets with donor restrictions | $6,569,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,611,057 |
Grants Awarded
Over the last fiscal year, Greencroft Communities Foundation Inc has awarded $760,094 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Goshen, IN PURPOSE: TO SUPPORT OPERATIONS | $659,961 |
Walnut Creek, OH PURPOSE: TO SUPPORT OPERATIONS | $60,717 |
Goshen, IN PURPOSE: TO SUPPORT OPERATIONS | $29,610 |
South Bend, IN PURPOSE: TO SUPPORT OPERATION | $9,806 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greencroft Communities Foundation Inc has recieved totaling $76,577.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Service Center Foundation Peoria, IL | $0 | $1,619,200 |
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |
Chicago White Sox Charities Inc Chicago, IL | $4,778,883 | $3,310,890 |
Emerson Directors & Officers Charitable Tr Po Box Chic, IL | $2,873,134 | $770,284 |