Greencroft Middlebury Inc
- Assets
- $7.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Goshen, IN
- Founding
- 11/2003
- Data as of
- 06/2021
- EIN
- 30-0036865
Organization Overview
Greencroft Middlebury Inc is located in Goshen, IN. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greencroft Middlebury 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 Middlebury Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $793.8k during the year ending 06/2021. 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 MIDDLEBURY PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING IN HOMES WITH SUPPORTIVE SERVICES. SERVICES PROVIDED TO RESIDENTS AND THE BROADER MIDDLEBURY COMMUNITY AT REDUCED OR NO COST AMOUNTED TO $97,000 FOR FYE JUNE 30, 2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENCROFT MIDDLEBURY IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES INDEPENDENT LIVING SERVICES TO MORE THAN 50 RESIDENTS ON A 23-ACRE CAMPUS. ASSISTED LIVING AND HEALTHCARE NURSING SERVICES ARE AVAILABLE VIA A CONTRACT BETWEEN GREENCROFT MIDDLEBURY AND GREENCROFT GOSHEN. SUPPORTING SERVICES FOR RESIDENTS AND OTHER AREA SENIORS ARE PROVIDED THROUGH THE GREENCROFT MIDDLEBURY SENIOR CENTER ON CAMPUS. DURING THE YEAR ENDED JUNE 30, 2021, OVER 13% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS IN THE FORM OF REDUCED/FREE SENIOR CENTER SERVICES. IN ADDITION, RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM GREENCROFT MIDDLEBURY IF THEIR ASSETS RUN OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Miller Chair | OfficerTrustee | 1 | $0 |
Aimee Riemke Assistant Secretary | Officer | 0.2 | $0 |
Tim Deluca President | Officer | 30 | $0 |
Rydell Bontrager Secretary | Officer | 1 | $0 |
Scott Martin Treasurer | Officer | 1 | $0 |
Dale Shenk Assistant Treasurer | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $643,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,650 |
| Total Program Service Revenue | $676,049 |
| Investment income | $19,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,349,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,600 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $122,439 |
| Pension plan accruals and contributions | $6,121 |
| Other employee benefits | $6,855 |
| Payroll taxes | $9,311 |
| Fees for services: Management | $34,257 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,693 |
| Advertising and promotion | $4,930 |
| Office expenses | $26,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,849 |
| Travel | $186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,411 |
| Interest | $8,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,360 |
| Insurance | $4,649 |
| All other expenses | $940 |
| Total functional expenses | $793,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175 |
| Savings and temporary cash investments | $26,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$734 |
| 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 | $2,193 |
| Net Land, buildings, and equipment | $6,785,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894,616 |
| Total assets | $7,708,882 |
| Accounts payable and accrued expenses | $38,986 |
| Grants payable | $0 |
| Deferred revenue | $1,577,792 |
| 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 | $4,912,995 |
| Total liabilities | $6,529,773 |
| Net assets without donor restrictions | $284,493 |
| Net assets with donor restrictions | $894,616 |
| 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 | $7,708,882 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greencroft Middlebury Inc has recieved totaling $255,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $255,000 |
Endowment Analysis
| Beg. Balance | $95,598 |
| Earnings | $27,758 |
| Net Contributions | $125,000 |
| Other Expense | $3,750 |
| Ending Balance | $244,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |