Fairhaven Christian Home
- Assets
- $26.8m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 351
- Location
- Rockford, IL
- Founding
- 08/1967
- Data as of
- 12/2022
- 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 12/2022, Fairhaven Christian Home employed 351 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 12/2022, Fairhaven Christian Home generated $15.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wiles President | OfficerTrustee | 1 | $0 |
Chuck Schlueter Vice President | OfficerTrustee | 0.5 | $0 |
Dan Nyberg Secretary | OfficerTrustee | 0.25 | $0 |
Steve Sjogren Treasurer | OfficerTrustee | 0.5 | $0 |
Brenda Buzzard Director | Trustee | 0.25 | $0 |
Tom Ewing Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckee Renovation And Restoration Building Repairs And Renovations | 12/30/22 | $193,507 |
Shiftkey Llc Nursing Agency Services | 12/30/22 | $210,996 |
Gale Healthcare Solutions Nursing Agency Services | 12/30/22 | $180,288 |
Nurses Prn Nursing Agency Services | 12/30/22 | $181,210 |
Securitas Security Systems Security Services | 12/30/22 | $145,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $403,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,750 |
| Total Program Service Revenue | $14,342,603 |
| Investment income | $110,843 |
| 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 | $15,646,998 |
| 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. | $290,520 |
| Compensation of current officers, directors, key employees. | $290,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,560,767 |
| Pension plan accruals and contributions | $86,436 |
| Other employee benefits | $674,311 |
| Payroll taxes | $578,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $809 |
| Fees for services: Accounting | $66,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,828 |
| Advertising and promotion | $39,121 |
| Office expenses | $244,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,159,690 |
| Travel | $4,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,659 |
| Interest | $163,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,734,788 |
| Insurance | $400,762 |
| All other expenses | $183,268 |
| Total functional expenses | $16,733,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650 |
| Savings and temporary cash investments | $1,637,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $331,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $178,441 |
| Prepaid expenses and deferred charges | $142,874 |
| Net Land, buildings, and equipment | $20,640,840 |
| Investments—publicly traded securities | $3,808,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,232 |
| Total assets | $26,813,696 |
| Accounts payable and accrued expenses | $1,610,439 |
| Grants payable | $0 |
| Deferred revenue | $4,107,181 |
| Tax-exempt bond liabilities | $4,458,137 |
| Escrow or custodial account liability | $15,607 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $317,566 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,520,476 |
| Total liabilities | $14,029,406 |
| Net assets without donor restrictions | $12,755,071 |
| 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 | $26,813,696 |