Brethren Home
- Assets
- $0.0
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 04/1945
- Data as of
- 06/2023
- EIN
- 36-2181961
Organization Overview
Brethren Home is located in Rockford, IL. The organization was established in 1945. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brethren Home 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 06/2023, Brethren Home generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRETHREN HOME IS A CONTINUING CARE RETIRMEENT COMMUNITY PROVIDING QUALITY RESIDENTIAL AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRETHREN HOME OWNS AND OPERATES A LONG-TERM CARE FACILITY WITH A TOTAL BED CAPACITY OF 125
BRETHREN HOME PROVIDES ADMINISTRATIVE SERVICES TO PINECREST GROVE AND PINECREST VILLAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Welp President | OfficerTrustee | 0.3 | $0 |
Gary Henderson Vice Preside | OfficerTrustee | 0.3 | $0 |
Mike Anderson Treasurer | OfficerTrustee | 0.3 | $0 |
Patricia Ball Secretary | OfficerTrustee | 0.3 | $0 |
Dr Edward Baker Director | Trustee | 0.3 | $0 |
Beverly Binkley Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martin Brother Distributing Co Inc Distribution Services | 6/29/21 | $424,874 |
Loescher Heating & Air Conditioning Corp Hvac Services | 6/29/21 | $117,843 |
Oregon Healthcare Pharmacy Pharmacy Services | 6/29/21 | $106,021 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,165,329 |
| Investment income | $4,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,243,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,416,530 |
| 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 | $205,874 |
| Pension plan accruals and contributions | $46,697 |
| Other employee benefits | $279,749 |
| Payroll taxes | $201,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $558,062 |
| Advertising and promotion | $51,421 |
| Office expenses | $2,213 |
| Information technology | $72,078 |
| Royalties | $0 |
| Occupancy | $445,577 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $38,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,438 |
| Insurance | $0 |
| All other expenses | $98,987 |
| Total functional expenses | $5,522,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $195,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $479,455 |
| 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 | -$10,810,337 |
| Total liabilities | -$10,135,280 |
| Net assets without donor restrictions | $9,546,063 |
| Net assets with donor restrictions | $589,217 |
| 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 | $0 |