Fairhaven Christian Home
- Assets
- $28.1m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 348
- Location
- Rockford, IL
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 36-2606227
Organization Overview
Fairhaven Christian Home is located in Rockford, IL. The organization was established in 1967. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Fairhaven Christian Home employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhaven Christian 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 12/2021, Fairhaven Christian Home generated $16.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 2.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A COMFORTABLE LIFESTYLE AND EXCEPTIONAL CARE WHICH ENHANCES QUALITY OF LIFE IN A MANNER THAT GLORIFIES GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING CARE:THE CENTER OPERATES A 96 BED NURSING CARE FACILITY.
INDEPENDENT LIVING AND RESIDENTIAL CARE:THE CENTER OPERATES 112 UNITS OF INDEPENDENT LIVING DUPLEXES AND A 92 UNIT INDEPENDENT LIVING RESIDENTIAL APARTMENT FACILITY.
SUPPORTIVE CARE:THE CENTER OPERATES A 50 BED SUPPORTIVE CARE FACILITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Reierson Executive Director | Officer | 40 | $170,311 |
Keith Pennington Director Of Finance | Officer | 40 | $90,138 |
Steve Sjogren Treasurer | OfficerTrustee | 0.5 | $0 |
David Wiles President | OfficerTrustee | 1 | $0 |
Dan Nyberg Secretary | OfficerTrustee | 0.25 | $0 |
Chuck Schlueter Vice President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Securitas Security Systems Security Services | 12/30/21 | $174,905 |
Entre Computer Solutions Computer Services | 12/30/21 | $156,251 |
Castor Home Nursing Nursing Agency Services | 12/30/21 | $215,931 |
John Evans Construction Construction Renovations | 12/30/21 | $201,085 |
Gale Healthcare Nursing Agency Services | 12/30/21 | $383,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,071,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,201,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,272,952 |
| Total Program Service Revenue | $13,287,378 |
| Investment income | $181,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,992,551 |
| 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. | $274,222 |
| Compensation of current officers, directors, key employees. | $274,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,680,223 |
| Pension plan accruals and contributions | $78,697 |
| Other employee benefits | $721,468 |
| Payroll taxes | $552,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,639 |
| Fees for services: Accounting | $56,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,820 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $637,658 |
| Advertising and promotion | $17,875 |
| Office expenses | $216,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,030,048 |
| Travel | $2,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,079 |
| Interest | $198,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,741,627 |
| Insurance | $354,550 |
| All other expenses | $137,223 |
| Total functional expenses | $15,316,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,400 |
| Savings and temporary cash investments | $2,017,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,772 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $240,498 |
| Prepaid expenses and deferred charges | $153,367 |
| Net Land, buildings, and equipment | $21,302,368 |
| Investments—publicly traded securities | $4,151,557 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,956 |
| Total assets | $28,131,692 |
| Accounts payable and accrued expenses | $1,308,696 |
| Grants payable | $0 |
| Deferred revenue | $3,999,914 |
| Tax-exempt bond liabilities | $4,832,801 |
| Escrow or custodial account liability | $17,956 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $356,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,180,849 |
| Total liabilities | $13,696,463 |
| Net assets without donor restrictions | $14,406,010 |
| Net assets with donor restrictions | $29,219 |
| 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 | $28,131,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairhaven Christian Home has recieved totaling $7,200.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,200 |
Endowment Analysis
| Beg. Balance | $2,006,494 |
| Earnings | $260,628 |
| Other Expense | $16,720 |
| Ending Balance | $2,250,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |