Holy Cross Village At Notre Dame Inc
- Assets
- $38.1m
- Revenue
- $15.4m
- Investments
- $1.1m
- Employees
- 226
- Location
- Notre Dame, IN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 35-2084623
Organization Overview
Holy Cross Village At Notre Dame Inc is located in Notre Dame, IN. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Holy Cross Village At Notre Dame Inc employed 226 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Cross Village At Notre Dame 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, Holy Cross Village At Notre Dame Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $17.6m during the year ending 06/2021. While expenses have increased by 1.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLY CROSS VILLAGE AT NOTRE DAME IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT.
Describe the Organization's Program Activity:
INDEPENDENT AND ASSISTED LIVING: HOLY CROSS VILLAGE AT NOTRE DAME (HOLY CROSS VILLAGE) PROVIDES A COMPREHENSIVE SELECTION OF RESIDENTIAL LIVING OPTIONS SUPPORTED BY A FULL CONTINUUM OF ON-SITE HEALTH CARE. INDEPENDENT LIVING RESIDENTS ENJOY AN ACTIVE LIFESTYLE, COMPLEMENTED BY SUPERIOR SERVICES AND AMENITIES. PLUS, THEY HAVE THE ASSURANCE OF ON-SITE QUALITY HEALTH CARE, IF EVER NEEDED, AT AN AFFORDABLE, PREDICTABLE COST. HOLY CROSS VILLAGE IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT. HOLY CROSS VILLAGE GOES BEYOND WHAT'S EXPECTED TO OFFER A LIFESTYLE THAT ALLOWS RESIDENTS TO LIVE AS INDEPENDENTLY AS POSSIBLE, WHILE STAYING CLOSE TO FAMILY, FRIENDS, AND THE BEST CARE AVAILABLE. RESIDENTS HAVE PEACE OF MIND KNOWING THEIR FUTURES ARE SECURE, WHICH IS SOMETHING THEY WILL VALUE AS MUCH TODAY AS THEY WILL TOMORROW. HOLY CROSS VILLAGE IS ALSO A LICENSED ASSISTED LIVING COMMUNITY, AND OUR ASSISTED LIVING APARTMENTS ALLOW FOR PRIVACY AND INDEPENDENCE. IF RESIDENTS REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, OUR COMPREHENSIVE RANGE OF SUPPORTIVE SERVICES IS DESIGNED TO FIT THEIR NEEDS, AND OUR CARING STAFF IS AVAILABLE 24 HOURS A DAY TO ASSIST THEM. DURING THE YEAR ENDED JUNE 30, 2021 THE ORGANIZATION PROVIDED SERVICES TO 213 RESIDENTS IN AN INDEPENDENT LIVING SETTING WITH 154 APARTMENTS AND VILLAS, AS WELL AS 51 RESIDENTS IN AN ASSISTED LIVING SETTING WITH 46 APARTMENTS.
SKILLED NURSING AND MEMORY CARE: HOLY CROSS VILLAGE IS LICENSED BY THE STATE DEPARTMENT OF HEALTH AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) AND A SKILLED NURSING FACILITY. SERVICES ARE RESIDENT-CENTERED AND ARE FOCUSED ON LONG-TERM HEALTH CARE NEEDS AND/OR DIRECTED TO INDIVIDUALS THAT ARE RECOVERING FROM A BRIEF ILLNESS AND NEED TO REBUILD STRENGTH. REHABILITATION SERVICES ARE DELIVERED IN A RESIDENT-CENTERED PROGRAM THAT IS FOCUSED ON ACHIEVING POSITIVE OUTCOMES. RESIDENTS RECEIVE 24-HOUR NURSING SUPERVISION AND RESTORATIVE THERAPIES THAT ARE PHYSICIAN DIRECTED. THE ONSITE REHABILITATION CENTER DELIVERS PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES AS WELL AS OTHER SPECIALIZED SERVICES TO MEET REHABILITATION NEEDS. MEMORY CARE ACCOMMODATIONS ARE OFFERED IN A SECURED ENVIRONMENT DESIGNED TO MEET THE NEEDS OF SENIORS WITH ALZHEIMER'S, DEMENTIA AND OTHER MEMORY LOSS. INDIVIDUALS WHO NEED HELP WITH DAY-TO-DAY LIVING RECEIVE SPECIAL ENCOURAGEMENT TO ADD MEANING AND FULFILLMENT TO THEIR LIVES. SERVICES ARE TAILORED SPECIFICALLY TO EACH RESIDENT WHILE SUPPORTING A HEALTHY LIFESTYLE IN A SECURED AREA THAT HAS ACCESS TO A COURTYARD AND VIEWS OF A WOODED AREA. CERTIFIED NURSING ASSISTANTS PROVIDE STANDBY AND HANDS ON ASSISTANCE WITH BATHING, GROOMING AND ESCORTS. RESIDENTS ARE ENCOURAGED TO CONTINUE ACTIVITIES THEY LOVE AND ENJOY. A WIDE RANGE OF LIFE ENRICHING ACTIVITIES ARE PLANNED FOR RESIDENTS EACH DAY THAT ARE TARGETED TO RAISE SPIRITS, STIMULATE MINDS AND PROMOTE HAPPINESS. DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION PROVIDED SERVICES TO 161 RESIDENTS IN A NURSING SETTING WITH 38 BEDS AND A NURSING DEMENTIA CENTER WITH 12 ROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthwin Therapy Services | 6/29/21 | $325,630 |
Microintegration Holdings Llc Information Technology Services | 6/29/21 | $167,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $463,000 |
| Government grants | $545,817 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,272 |
| Total Program Service Revenue | $13,475,614 |
| Investment income | $141,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,575 |
| Net Gain/Loss on Asset Sales | $359,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,375,443 |
| 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. | $356,947 |
| Compensation of current officers, directors, key employees. | $356,947 |
| Compensation to disqualified persons | $26,113 |
| Other salaries and wages | $4,643,590 |
| Pension plan accruals and contributions | $89,603 |
| Other employee benefits | $744,029 |
| Payroll taxes | $349,503 |
| Fees for services: Management | $146,867 |
| Fees for services: Legal | $51,681 |
| Fees for services: Accounting | $74,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,538 |
| Fees for services: Investment Management | $19,540 |
| Fees for services: Other | $3,728,577 |
| Advertising and promotion | $39,441 |
| Office expenses | $1,828,973 |
| Information technology | $187,528 |
| Royalties | $0 |
| Occupancy | $957,541 |
| Travel | $1,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,176 |
| Interest | $814,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,209,841 |
| Insurance | $223,918 |
| All other expenses | $49,487 |
| Total functional expenses | $17,617,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,008 |
| Savings and temporary cash investments | $2,850,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,708 |
| Prepaid expenses and deferred charges | $99,144 |
| Net Land, buildings, and equipment | $26,898,381 |
| Investments—publicly traded securities | $6,639,878 |
| Investments—other securities | $1,053,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,875 |
| Total assets | $38,111,514 |
| Accounts payable and accrued expenses | $1,761,316 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,161,814 |
| 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 | $38,609,113 |
| Total liabilities | $61,532,243 |
| Net assets without donor restrictions | -$24,474,675 |
| Net assets with donor restrictions | $1,053,946 |
| 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 | $38,111,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Cross Village At Notre Dame Inc has recieved totaling $6,496.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of St Joseph County Inc South Bend, IN PURPOSE: Unrestricted; Restricted | $6,496 |
Endowment Analysis
| Beg. Balance | $85,007 |
| Earnings | $37,005 |
| Grants | $8,797 |
| Ending Balance | $113,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |
Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |
Catholic Urban Programs Nfp East St Louis, IL | $3,029,817 | $1,873,870 |