Christian Rest Home Foundation
- Assets
- $10.4m
- Revenue
- $904.1k
- Investments
- $63.6k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 11/1986
- Data as of
- 05/2022
- EIN
- 38-2689011
Organization Overview
Christian Rest Home Foundation, operating under the name Edison Christian Foundation, is located in Grand Rapids, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Christian Foundation 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 05/2022, Edison Christian Foundation generated $904.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $335.0k during the year ending 05/2022. While expenses have increased by 3.0% per year over the past 7 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
TO PROVIDE FUNDS TO SUPPORT THE ONGOING NEEDS OF CHRISTIAN REST HOME ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED CHRISTIAN REST HOME ASSOCIATION WITH A GRANT TO HELP WITH THE MEDICAID SHORTFALL THAT OCCURS EVERY YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Horjus Treasurer | OfficerTrustee | 0.02 | $0 |
Andrew Nyeholt Secretary | OfficerTrustee | 0.02 | $0 |
Mark Arnoudse Vice President | OfficerTrustee | 0.02 | $0 |
Robert Boerkoel Board Member/president | OfficerTrustee | 0.02 | $0 |
Darryl Mulder Board Member | Trustee | 0.02 | $0 |
Ronald Klaasen Board Member | Trustee | 0.02 | $0 |
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 | $504,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,930 |
| Total Program Service Revenue | $0 |
| Investment income | $187,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,914 |
| Fees for services: Investment Management | $71,495 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $335,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,058,851 |
| Investments—other securities | $63,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,354,561 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,143 |
| Total liabilities | $9,143 |
| Net assets without donor restrictions | $10,345,418 |
| 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 | $10,354,561 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Christian Rest Home Foundation has recieved totaling $13,066.
| Awarding Organization | Amount |
|---|---|
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $12,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Eagle Lifecare Corporation Ann Arbor, MI | $303,368,922 | $57,418,152 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Uvmc Nursing Care Inc Dayton, OH | $28,595,230 | $22,808,264 |
Jewish Home And Care Center Inc Milwaukee, WI | $33,036,142 | $18,800,726 |
Marwood Manor Nursing Home Port Huron, MI | $35,416,366 | $24,316,598 |
Bethany-St Joseph Corp La Crosse, WI | $31,103,859 | $21,334,588 |
Indianapolis Jewish Home Inc Hooverwood Indianapolis, IN | $50,044,251 | $22,178,302 |