Heritage Homes Inc
- Assets
- $3.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 135
- Location
- Holland, MI
- Founding
- 09/1978
- Data as of
- 09/2021
- EIN
- 38-2128564
Organization Overview
Heritage Homes Inc is located in Holland, MI. The organization was established in 1978. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2021, Heritage Homes Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Homes 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 09/2021, Heritage Homes Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE AND DECENT HOUSING AND SUPPORTS FOR PERSONS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
PROVIDE ADULT FOSTER CARE. THIS SPECIALIZED CARE WAS AVAILABLE IN 4 HOMES FOR UP TO 24 RESIDENTS, 24 HOURS PER DAY, 7 DAYS PER WEEK.
PROVIDE COMMUNITY LIVING SUPPORTS TO INDIVIDUALS IN THEIR HOMES AND THE COMMUNITY. THIS CARE VARIES BY THE NEEDS OF THE INDIVIDUALS. WE SERVED 29 INDIVIDUALS DURING THE FISCAL YEAR. WE PROVIDED 7,515 HOURS OF SUPPORT TO INDIVIDUALS IN THE COMMUNITY DURING THE YEAR.
PROVIDE SOCIAL RECREATION SERVICES TO INDIVIDUALS BY COORDINATING OR PROVIDING ACTIVITIES IN THE COMMUNITY. DUE TO THE PANDEMIC, WE ALSO PROVIDED VIRTUAL PROGRAMMING FOR MUCH OF THE YEAR TO ACCOMODATE CLIENTS IN THEIR OWN HOMES. ON AVERAGE 23 CLIENTS WERE SERVED MONTHLY.
OTHER PROGRAM SERVICES INCLUDE DEVELOPING, MANAGING AND RENTING AFFORDABLE HOUSING FOR LOW INCOME PEOPLE WITH SPECIAL NEEDS, INCLUDING THOSE WHO ARE HOMELESS AND PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Noordijk Executive Director | Officer | 53 | $81,202 |
Carrie Vanderveen Finance Director | Officer | 55 | $74,922 |
Gregory Accardo President | OfficerTrustee | 0.4 | $0 |
Samantha Montgomery Trustee/ Secretary Effect 11/1/20 | OfficerTrustee | 0.35 | $0 |
Jesse Prins Treasurer | OfficerTrustee | 0.35 | $0 |
Tom Atwood Secretary Through 11/1/20 | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,465,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,467,702 |
| Total Program Service Revenue | $294,012 |
| Investment income | $25 |
| 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 | $3,761,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $193,618 |
| Compensation of current officers, directors, key employees. | $156,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,928,085 |
| Pension plan accruals and contributions | $10,783 |
| Other employee benefits | $121,059 |
| Payroll taxes | $169,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,051 |
| Fees for services: Accounting | $46,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,544 |
| Advertising and promotion | $0 |
| Office expenses | $104,480 |
| Information technology | $8,978 |
| Royalties | $0 |
| Occupancy | $169,550 |
| Travel | $48,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,348 |
| Interest | $2,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,584 |
| Insurance | $47,967 |
| All other expenses | -$20,169 |
| Total functional expenses | $3,155,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,943 |
| 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 | $17,366 |
| Net Land, buildings, and equipment | $503,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,410,131 |
| Intangible assets | $0 |
| Other assets | $156,185 |
| Total assets | $3,250,379 |
| Accounts payable and accrued expenses | $198,325 |
| Grants payable | $0 |
| Deferred revenue | $6,425 |
| 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 | $449,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,539 |
| Total liabilities | $655,989 |
| Net assets without donor restrictions | $2,442,127 |
| Net assets with donor restrictions | $152,263 |
| 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 | $3,250,379 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Homes Inc has recieved totaling $24,590.
| Awarding Organization | Amount |
|---|---|
Greater Ottawa County United Way Inc Holland, MI PURPOSE: RESPITE CARE | $17,458 |
Feeding America West Michigan Comstock Park, MI PURPOSE: FIGHT HUNGER | $7,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anne Grady Corporation Holland, OH | $27,020,772 | $20,724,651 |
Toward Independence Inc Xenia, OH | $16,072,501 | $19,513,652 |
Gentlebrook Inc Hartville, OH | $17,167,433 | $16,925,773 |
St Joseph Infant & Maternity Home Cincinnati, OH | $52,343,435 | $15,266,640 |
Central State Community Services Inc Midland, MI | $6,723,885 | $16,311,204 |
Renaissance Community Homes Adrian, MI | $3,878,809 | $15,893,096 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |
Crisis Center Inc Mount Pleasant, MI | $11,943,564 | $13,438,813 |
Christian Childrens Home Of Ohio Wooster, OH | $9,192,429 | $14,011,752 |
Kenosha Human Development Services Inc Kenosha, WI | $14,186,753 | $13,956,960 |
Wood Lane Residential Services Bowling Green, OH | $5,610,920 | $12,204,254 |
Campagna Academy Inc Schererville, IN | $16,652,367 | $12,074,332 |