Golden Years Homestead Inc
- Assets
- $41.8m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 316
- Location
- Fort Wayne, IN
- Founding
- 02/1970
- Data as of
- 06/2021
- EIN
- 35-1163961
Organization Overview
Golden Years Homestead Inc is located in Fort Wayne, IN. The organization was established in 1970. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Golden Years Homestead Inc employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Years Homestead 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, Golden Years Homestead Inc generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $12.7m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
GOLDEN YEARS HOMESTEAD INC IS A RETIREMENT & HEALTH CARE CENTER. OUR NON-FOR-PROFIT, CHRISTIAN COMMITMENT HAS ALLOWED US TO HOLD OUR AGING IN REVERENCE BY PROVIDING MULTIPLE CARE OPTIONS FROM INDEPENDENT LIVING AND SHORT-TERM REHABILITATION STAYS TO LONG TERM CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES NURSING CARE IN A HOME AS WELL AS IN INDEPENDENT LIVING UNITS FOR THE ELDERLY. OUR NURSING FACILITY CONTAINS 111 COMPREHENSIVE CARE BEDS. RESIDENTS MAY CHOOSE BETWEEN PRIVATE AND SEMI-PRIVATE ROOMS. EIGHTY-FIVE OF THE 111 BEDS ARE MEDICAL, AND THE REMAINING 26 ARE SECURE CARE. SECURE CARE HAS BEEN DESIGNED WITH THE SPECIAL NEEDS OF ALZHEIMER'S RESIDENTS IN MIND. THIRTEEN BEDS ARE UTILIZED FOR SHORT-TERM PHYSICAL REHAB (LESS THAN 100 DAYS) WITHIN THE FACILITY. WE OFFER 44 ASSISTED LIVING ROOMS WITH 24-HOUR CARE. INDEPENDENT LIVING CONSISTS OF 72 VILLAS IN OUR FORT WAYNE, IN CAMPUS.3% OF TOTAL REVENUE WAS USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDE THE FOLLOWING AMOUNTS; INDIGENT CARE/CHARITY CARE $370,936 FOR FYE JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyndy Elick Chair | OfficerTrustee | 1 | $0 |
Dale D Dean Vice Chair | OfficerTrustee | 1 | $0 |
Steve Schaaf VP Of Operations/president | Officer | 35 | $0 |
Rydell Bontrager Secretary | Officer | 1 | $0 |
Scott Martin Treasurer | Officer | 1 | $0 |
Dale Shenk Assistant Treasurer | Officer | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kevin Steury Management Construction Services | 6/29/21 | $653,068 |
Gmb Architecture Engineering Construction Services | 6/29/21 | $201,416 |
Hts In Iv Inc Therapy Services | 6/29/21 | $346,957 |
Vfp Fire Systems Construction Services | 6/29/21 | $142,809 |
Jack Laurie Floors Llc Carpet Sales/service | 6/29/21 | $120,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,513,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,556,355 |
| Total Program Service Revenue | $14,350,725 |
| Investment income | $225,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $180,000 |
| Net Rental Income | $2,779 |
| Net Gain/Loss on Asset Sales | $223,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,680,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $5,346,654 |
| Pension plan accruals and contributions | $177,687 |
| Other employee benefits | $813,636 |
| Payroll taxes | $397,401 |
| Fees for services: Management | $618,040 |
| Fees for services: Legal | $14,368 |
| Fees for services: Accounting | $46,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,430,774 |
| Advertising and promotion | $47,170 |
| Office expenses | $1,146,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $622,957 |
| Travel | $11,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,151 |
| Interest | $575,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,003,761 |
| Insurance | $143,838 |
| All other expenses | $14,745 |
| Total functional expenses | $12,738,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,277,344 |
| Savings and temporary cash investments | $45,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $922,358 |
| 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 | $7,876 |
| Net Land, buildings, and equipment | $24,112,279 |
| Investments—publicly traded securities | $13,418,351 |
| Investments—other securities | $0 |
| Investments—program-related | $17,842 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,801,306 |
| Accounts payable and accrued expenses | $1,085,826 |
| Grants payable | $0 |
| Deferred revenue | $324,911 |
| Tax-exempt bond liabilities | $12,012,427 |
| Escrow or custodial account liability | $6,500 |
| 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 | $2,982,203 |
| Total liabilities | $16,411,867 |
| Net assets without donor restrictions | $25,389,439 |
| Net assets with donor restrictions | $0 |
| 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 | $41,801,306 |
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Willow Health Care Inc Willow Springs, MO | $35,651,940 | $30,612,109 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Lutheran Hillside Village Inc St Louis, MO | $68,145,212 | $21,651,382 |
Lutheran Home For The Aged Cape Girardeau, MO | $28,306,826 | $21,294,278 |
Jewish Home And Care Center Inc Milwaukee, WI | $33,036,142 | $18,800,726 |
Bethany-St Joseph Corp La Crosse, WI | $31,103,859 | $21,334,588 |
Ascension Living St Catherine Laboure Place St Louis, MO | $16,167,450 | $17,791,459 |