Vista Grande Villa
- Assets
- $24.2m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 273
- Location
- Jackson, MI
- Founding
- 09/1973
- Data as of
- 12/2022
- EIN
- 38-1941267
Organization Overview
Vista Grande Villa is located in Jackson, MI. The organization was established in 1973. 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, Vista Grande Villa employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vista Grande Villa 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, Vista Grande Villa generated $15.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $17.3m during the year ending 12/2022. While expenses have increased by 2.8% 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
RETIREMENT AND CONVALESCENT HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF RETIREMENT APARTMENT SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE TO RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Putra Director | Trustee | 1 | $0 |
Michael Burgess Director | Trustee | 1 | $0 |
Alex Dinkels Director | Trustee | 1 | $0 |
Wendy Kim Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Community Living Food Services | 12/30/22 | $1,261,055 |
Kauhale Health Llc Senior Svcs | 12/30/22 | $552,554 |
Healthcare Services Group Nutrition Svcs | 12/30/22 | $1,243,472 |
Lakewood Construction Company Construction | 12/30/22 | $521,478 |
Mtelehealth Llc Pt Monitoring | 12/30/22 | $339,912 |
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 | $360,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,481 |
| Total Program Service Revenue | $14,532,185 |
| Investment income | $88,127 |
| 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 | $15,520,815 |
| 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 | $5,807,539 |
| Pension plan accruals and contributions | $5,925 |
| Other employee benefits | $739,715 |
| Payroll taxes | $448,167 |
| Fees for services: Management | $590,802 |
| Fees for services: Legal | $2,785 |
| Fees for services: Accounting | $49,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107,494 |
| Office expenses | $249,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,109,225 |
| Travel | $4,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,675,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,439,726 |
| Insurance | $232,168 |
| All other expenses | $664,982 |
| Total functional expenses | $17,293,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,581,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,906,848 |
| 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 | $56,271 |
| Net Land, buildings, and equipment | $13,067,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,608,502 |
| Total assets | $24,220,880 |
| Accounts payable and accrued expenses | $2,091,809 |
| Grants payable | $0 |
| Deferred revenue | $65,000 |
| Tax-exempt bond liabilities | $31,087,293 |
| 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 | $5,677,086 |
| Total liabilities | $38,921,188 |
| Net assets without donor restrictions | -$15,007,457 |
| Net assets with donor restrictions | $307,149 |
| 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 | $24,220,880 |