Glacier Hills Inc
- Assets
- $119.2m
- Revenue
- $22.0m
- Investments
- $1.1m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/1973
- Data as of
- 06/2022
- EIN
- 38-1891500
Organization Overview
Glacier Hills Inc is located in Ann Arbor, MI. The organization was established in 1973. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glacier Hills 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 06/2022, Glacier Hills Inc generated $22.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $24.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPLETE CONTINUUM OF LONG TERM CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLACIER HILLS IN ANN ARBOR IS A SENIOR LIVING COMMUNITY LOCATED IN ANN ARBOR. A CONTINUUM OF CARE OPTIONS ARE OFFERED. SINCE 1973 GLACIER HILLS HAS BOTH PIONEERED AND CONTINUALLY RENEWED ITS COMMITMENT TO OFFER A PREMIER SENIOR LIFESTYLE THROUGH TRANSFORMATIVE CHANGE. THE COMMUNITY CONSISTS OF INDEPENDENT LIVING APARTMENTS AND VILLAS, ASSISTED LIVING APARTMENTS AND SKILLED NURSING BEDS, OUTPATIENT REHABILITATION, AND A WELLNESS FITNESS CENTER. SPECIFICALLY GLACIER HILLS OFFERS THE FOLLOWING:- THE MEADOWS WHICH HAS 90 INDEPENDENT LIVING VILLA AND APARTMENT HOMES OFFER THE ULTIMATE IN WORRY-FREE, MAINTENANCE-FREE LIVING- THE MANOR WHICH HAS 82 INDEPENDENT LIVING AND 45 ASSISTED LIVING APARTMENTS -THE CARE AND REHABILITATION CENTER WHICH HAS 36 LONG TERM ASSISTED LIVING APARTMENTS AND 44 SKILLED NURSING BEDS.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.GLACIERHILLS.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alonzo Lewis Dir & Secy Thru 12/21;sjmhs SVP Ops | OfficerTrustee | 1 | $0 |
Mark Mcpherson Former Officer | 0 | $0 | |
Steve Kastner President And CEO Througth 6/22 | Officer | 1 | $0 |
Janice Hamilton Crawford President And CEO As Of 6/22 | Officer | 1 | $0 |
Philip Smart Thsc CFO Through 2/22 | Officer | 1 | $0 |
Craig Courts Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oneal Construction Inc Construction Services | 6/29/22 | $545,367 |
Luminaut Inc Construction Services | 6/29/22 | $920,569 |
Omnicare Of Southern Michigan Pharmacy Services | 6/29/22 | $402,417 |
Unidine Corporation Dietary Services | 6/29/22 | $790,254 |
Select Rehabilitation Llc Rehab Services | 6/29/22 | $268,923 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,016,945 |
| 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 | $1,016,945 |
| Total Program Service Revenue | $19,913,267 |
| Investment income | $87,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,887 |
| Net Gain/Loss on Asset Sales | $143,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,998,819 |
| 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. | $54,644 |
| Compensation of current officers, directors, key employees. | $54,644 |
| Compensation to disqualified persons | $324,525 |
| Other salaries and wages | $8,546,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,565,056 |
| Payroll taxes | $647,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,676 |
| Fees for services: Accounting | $81,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,725 |
| Fees for services: Other | $2,479,668 |
| Advertising and promotion | $90,881 |
| Office expenses | $376,498 |
| Information technology | $55,865 |
| Royalties | $0 |
| Occupancy | $2,134,136 |
| Travel | $8,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,522 |
| Interest | $480,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,168,679 |
| Insurance | $271,982 |
| All other expenses | $70,962 |
| Total functional expenses | $24,384,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,242,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,193 |
| Prepaid expenses and deferred charges | $298,424 |
| Net Land, buildings, and equipment | $51,031,729 |
| Investments—publicly traded securities | $3,120,709 |
| Investments—other securities | $1,074,531 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,323,039 |
| Total assets | $119,193,358 |
| Accounts payable and accrued expenses | $3,239,522 |
| Grants payable | $0 |
| Deferred revenue | $44,047,159 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,069,972 |
| Total liabilities | $91,356,653 |
| Net assets without donor restrictions | $27,836,705 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $119,193,358 |
Grants Awarded
Over the last fiscal year, Glacier Hills Inc has awarded $328,241 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH MERCY ANN ARBOR PURPOSE: SJMH HOLIDAY BALL 2017 | $10,000 |
GLACIER HILLS FOUNDATION PURPOSE: GENERAL SUPPORT | $318,241 |