Heritage Community Of Kalamazoo Foundation Inc is located in Kalamazoo, MI. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Community Of Kalamazoo Foundation 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, Heritage Community Of Kalamazoo Foundation Inc generated $673.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $290.5k during the year ending 06/2022. While expenses have increased by 4.9% 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 FOSTER AN INTEREST IN ASSISTANCE FOR THE AGED AND TO SUPPORT A CONTINUUM OF CARE FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER AN INTEREST IN ASSISTANCE FOR THE AGED AND TO SUPPORT A CONTINUUM OF CARE FOR SENIORS. A TOTAL OF FIVE GRANTS ARE FOR A MEMORY CARE LEARNING CENTER, UPJOHN CAPITAL CAMPAIGN, AND ELSA KRUM DEVELOPMENT. $140,000 IN GRANTS WERE AWARDED AND $40,000 WAS SPENT IN FISCAL YEAR 06/30/2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rex Bell Board President | OfficerTrustee | 1 | $0 |
Bob Miller Vice Chair | OfficerTrustee | 1 | $0 |
William Millard Board Treasurer | OfficerTrustee | 1 | $0 |
James Escamilla Director | Trustee | 1 | $0 |
Lisa Moore Foundation Board Chair | OfficerTrustee | 1 | $0 |
Rachel Olmsted Chief Financial Officer | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $72,500 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $152,864 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $225,364 |
Total Program Service Revenue | $0 |
Investment income | $188,942 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $274,967 |
Net Income from Fundraising Events | -$16,310 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $672,965 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $187,797 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $1,260 |
Fees for services: Investment Management | $17,304 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $5,561 |
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 | $5,321 |
Insurance | $0 |
All other expenses | $59 |
Total functional expenses | $290,470 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $354,146 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $44,633 |
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 | $3,817,504 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,380,548 |
Total assets | $5,596,831 |
Accounts payable and accrued expenses | -$595 |
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 | $0 |
Total liabilities | -$595 |
Net assets without donor restrictions | $4,862,531 |
Net assets with donor restrictions | $734,895 |
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 | $5,596,831 |
Over the last fiscal year, we have identified 2 grants that Heritage Community Of Kalamazoo Foundation Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Burdick-Thorne Foundation Tt Kalamazoo, MI PURPOSE: MEMORY CARE LEARNING CENTER | $10,000 |
H P & Genevieve Connable Fund Kalamazoo, MI PURPOSE: MEMORY CARE LEARNING CENTER | $5,000 |
Beg. Balance | $2,168,925 |
Earnings | -$280,425 |
Net Contributions | $35,511 |
Other Expense | $47,782 |
Ending Balance | $1,876,229 |
Organization Name | Assets | Revenue |
---|---|---|
Fox Run Village Inc Novi, MI | $460,113,194 | $70,545,249 |
Csi-Derby Street Nonprofit Housing Corporation Warren, MI | $670,695 | $62,509,360 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Colonial Senior Services Inc Hamilton, OH | $79,845,037 | $27,642,805 |
Clark Retirement Community Inc Grand Rapids, MI | $96,381,064 | $20,508,927 |
First Community Village Columbus, OH | $122,549,081 | $19,045,598 |
Resthaven Holland, MI | $35,879,779 | $29,087,420 |
Willow Brook Christian Services Delaware, OH | $3,018,622 | $23,582,237 |
Covenant Retirement Communities Of The Great Lakes Conference Grand Rapids, MI | $46,465,743 | $18,284,551 |