Southfiled Village Inc

Organization Overview

Southfiled Village Inc is located in South Bend, IN. The organization was established in 1993. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Southfiled Village Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southfiled Village 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, Southfiled Village Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. While expenses have increased by 6.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOUTHFIELD VILLAGE PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2021 AMOUNTED TO $1,587,924.

Describe the Organization's Program Activity:

SOUTHFIELD VILLAGE (SV) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 110 RESIDENTS ON A 19-ACRE CAMPUS. SV PROVIDES CCRC SERVICES INCLUDING ASSISTED LIVING AND SKILLED NURSING CARE. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ASSISTED LIVING AND SKILLED NURSING RESIDENTS PAY A MONTHLY OR DAILY FEE FOR SERVICES RENDERED. THEY ALSO HAVE SOME A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM SOUTHFIELD VILLAGE IF THEIR ASSETS RUN OUT. OVER 26% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE - $1,587,924.


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Board, Officers & Key Employees

Name (title)Compensation
Jim Welling
Chair
$0
Suzanne Morgan
Vice Chair
$0
Jim Kapsa
Chair (part Year)
$0
Rydell Bontrager
Secretary
$0
Scott Martin
Treasurer
$0
Aimee Riemke
Assistant Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Atc Healthcare Services Inc
Nurse Staffing Agency
$275,368
Rosewood Staffing Inc
Nurse Staffing Agency
$265,241
Hts In Ii Inc
Therapy Services
$424,242
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $925,800
All other contributions, gifts, grants, and similar amounts not included above$5,404
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$931,204
Total Program Service Revenue$8,999,362
Investment income $387
Tax Exempt Bond Proceeds $0
Royalties $6,000
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,523
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,031,683

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southfiled Village Inc has recieved totaling $9,806.

Awarding OrganizationAmount
Greencroft Communities Foundation Inc

Goshen, IN

PURPOSE: TO SUPPORT OPERATION

$9,806
View Grant Recipient Profile

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