Southfiled Village Inc
- Assets
- $16.6m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 149
- Location
- South Bend, IN
- Founding
- 02/1993
- Data as of
- 06/2022
- EIN
- 35-1866553
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 06/2022, Southfiled Village Inc employed 149 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 06/2022, Southfiled Village Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
2022
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, 2022 AMOUNTED TO $1,666,659.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 32% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE - $1,666,659.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Welling Chair | OfficerTrustee | 1 | $0 |
Suzanne Morgan Vice Chair | OfficerTrustee | 1 | $0 |
Nathan Boyd Board Member (part Year) | Trustee | 1 | $0 |
Paul Crowley Board Member | Trustee | 1 | $0 |
James Douglas Board Member | Trustee | 1 | $0 |
Elizabeth Lindenman Stamm Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atc Healthcare Services Inc Agency Staffing Services | 6/29/22 | $450,480 |
Excellent Nursing Services Agency Staffing Services | 6/29/22 | $477,713 |
Hts In Ii Inc Therapy Services | 6/29/22 | $444,719 |
Rosewood Staffing Inc Agency Staffing Services | 6/29/22 | $405,754 |
Tc Staffing Inc Agency Staffing Services | 6/29/22 | $315,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,242 |
| Government grants | $149,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,503 |
| Total Program Service Revenue | $9,724,780 |
| Investment income | $167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,975,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,250 |
| 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 | $2,721,558 |
| Pension plan accruals and contributions | $97,559 |
| Other employee benefits | $405,439 |
| Payroll taxes | $207,057 |
| Fees for services: Management | $530,143 |
| Fees for services: Legal | $4,833 |
| Fees for services: Accounting | $34,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,238,567 |
| Advertising and promotion | $64,305 |
| Office expenses | $146,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $557,797 |
| Travel | $1,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $675,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $631,259 |
| Insurance | $86,522 |
| All other expenses | $106,551 |
| Total functional expenses | $10,331,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $1,968,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $775,605 |
| 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 | $2,750 |
| Net Land, buildings, and equipment | $12,297,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,550,982 |
| Total assets | $16,596,243 |
| Accounts payable and accrued expenses | $490,786 |
| Grants payable | $0 |
| Deferred revenue | $912,958 |
| Tax-exempt bond liabilities | $13,387,715 |
| 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 | $1,852,190 |
| Total liabilities | $16,643,649 |
| Net assets without donor restrictions | -$55,388 |
| Net assets with donor restrictions | $7,982 |
| 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 | $16,596,243 |