Heartwood Lodge Trinity Health
- Assets
- $6.5m
- Revenue
- $7.1m
- Investments
- $776.6k
- Employees
- 167
- Location
- Spring Lake, MI
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 38-2602971
Organization Overview
Heartwood Lodge Trinity Health is located in Spring Lake, MI. The organization was established in 1986. 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 06/2022, Heartwood Lodge Trinity Health employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartwood Lodge Trinity Health 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, Heartwood Lodge Trinity Health generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 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
NORTH OTTAWA CARE CENTER IS A RESIDENT-CENTERED FACILITY THAT PROVIDES HIGH QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE CENTER STAFF IS TRAINED USING THE PERSON-CENTERED CARE PHILOSOPHY WHICH IS A METHOD OF CARE WHERE ACTIVITIES ARE DESIGNED TO ALIGN WITH THE RESIDENT'S WANTS AND NEEDS. THIS ENVIRONMENT HELPS ALLEVIATE FEELINGS OF LONELINESS AND HELPLESSNESS THAT CAN AFFECT LONG-TERM CARE RESIDENTS. NURSING SERVICES WERE PROVIDED FOR THE CARE OF 247 RESIDENTS, TOTALING 22,037 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Gaasch Chair | OfficerTrustee | 0.3 | $0 |
Tim Parker Vice Chair | OfficerTrustee | 0.3 | $0 |
Judith Hooyenga Secretary | OfficerTrustee | 0.3 | $0 |
Tom Godfrey Treasurer | OfficerTrustee | 0.3 | $0 |
Harry Dyck Jr Trustee | Trustee | 0.3 | $0 |
Jeff Beswick Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ivyrehab Therapy Services | 6/29/19 | $639,715 |
Generation Care Therapy Services | 6/29/19 | $131,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $745,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $74 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,902 |
| Total Program Service Revenue | $6,302,368 |
| Investment income | $535 |
| 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 | $7,055,498 |
| 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 | $4,255,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $538,400 |
| Payroll taxes | $242,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $777,219 |
| Advertising and promotion | $0 |
| Office expenses | $95,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,261 |
| Travel | $1,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $202,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,060 |
| Insurance | $106,524 |
| All other expenses | $155,554 |
| Total functional expenses | $8,193,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $687,787 |
| 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 | $54,492 |
| Net Land, buildings, and equipment | $4,418,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $776,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $547,356 |
| Total assets | $6,485,453 |
| Accounts payable and accrued expenses | $257,357 |
| Grants payable | $0 |
| Deferred revenue | $14,339 |
| 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 | $5,007,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,989,597 |
| Total liabilities | $7,268,564 |
| Net assets without donor restrictions | -$783,111 |
| 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 | $6,485,453 |