Henderson County Retirement Center Inc
- Assets
- $7.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 122
- Location
- Stronghurst, IL
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 36-3378161
Organization Overview
Henderson County Retirement Center Inc is located in Stronghurst, IL. The organization was established in 1987. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Henderson County Retirement Center Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson County Retirement Center 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 12/2023, Henderson County Retirement Center Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 6.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME TO PROVIDE ELDER CARE TO ANYONE WHO IS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMEDIATED & SKILLED CARE NURSING HOME WITH 58 BEDS AND 21,170 PATIENT DAYS AVAILABLE FOR CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Doran Board Pres. | OfficerTrustee | 10 | $0 |
Janet Staub Board Member | Trustee | 5 | $0 |
Mary Reed Board Treas | OfficerTrustee | 5 | $0 |
James Blender Board Member | Trustee | 5 | $0 |
Jayne Olsen Secretary | OfficerTrustee | 5 | $0 |
Bill Knupp Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wdm Computer Services Accounting/data Processing | 12/30/23 | $118,559 |
Doran Construction Construction | 12/30/23 | $110,000 |
Raistone Capital Holdings Llc Erc Consultation | 12/30/23 | $217,341 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,395 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,371 |
| Total Program Service Revenue | $4,576,917 |
| Investment income | $67,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,610 |
| Net Gain/Loss on Asset Sales | $220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,778,993 |
| 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 | $2,697,818 |
| Pension plan accruals and contributions | $35,486 |
| Other employee benefits | $170,852 |
| Payroll taxes | $208,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,400 |
| Fees for services: Accounting | $72,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $451,423 |
| Advertising and promotion | $21,517 |
| Office expenses | $275,228 |
| Information technology | $96,792 |
| Royalties | $0 |
| Occupancy | $204,309 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,149 |
| Interest | $60,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,134 |
| Insurance | $149,308 |
| All other expenses | $233,147 |
| Total functional expenses | $5,173,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,302 |
| Savings and temporary cash investments | $2,490,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,595 |
| Prepaid expenses and deferred charges | $100,512 |
| Net Land, buildings, and equipment | $3,923,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $7,118,579 |
| Accounts payable and accrued expenses | $341,431 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,088,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,429,678 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,688,901 |
| Total liabilities and net assets/fund balances | $7,118,579 |