Cherry Street Services Inc
- Assets
- $88.9m
- Revenue
- $84.8m
- Investments
- $336.5k
- Employees
- 1,065
- Location
- Grand Rapids, MI
- Founding
- 05/1989
- Data as of
- 03/2022
- EIN
- 38-2853534
Organization Overview
Cherry Street Services Inc, operating under the name Cherry Health, is located in Grand Rapids, MI. The organization was established in 1989. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 03/2022, Cherry Health employed 1,065 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry 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 03/2022, Cherry Health generated $84.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $81.0m during the year ending 03/2022. While expenses have increased by 2.6% 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
CHERRY STREET SERVICES, INC. IMPROVES THE HEALTH AND WELLNESS OF INDIVIDUALS BY PROVIDING COMPREHENSIVE PRIMARY AND BEHAVIORAL HEALTH CARE WHILE ENCOURAGING ACCESS BY THOSE WHO ARE UNDERSERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE PRIMARY HEALTH CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, HEALTH EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS AND INTEGRATED WITH OTHER COMPONENTS OF A PATIENT'S OVERALL HEALTH.
BEHAVIORAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE BEHAVIORAL HEALTH CARE SERVICES (INTEGRATED WITH PHYSICAL HEALTH CARE) TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO BEHAVIORAL HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS.
DENTAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE DENTAL CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO DENTAL CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, AND DENTAL HEALTH EDUCATION.
CORRECTIONS - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE RESIDENTIAL RE-ENTRY AND TRANSITIONAL SERVICES TO THOSE ADULTS RELEASED FROM THE FEDERAL CORRECTIONAL PROGRAMS. VISION - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE VISION CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULUTRAL BACKGROUNDS, REMOVING BARRIERS TO VISION CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY AND VISION HEALTH EDUCATION. PHARMACY - TO OPERATE A RETAIL PHARMACY FOR THE CONVENIENCE OF OUR PATIENTS AND THE GREATER COMMUNITY.
MEDICAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE PRIMARY HEALTH CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, HEALTH EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS AND INTEGRATED WITH OTHER COMPONENTS OF A PATIENT'S OVERALL HEALTH.
BEHAVIORAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE BEHAVIORAL HEALTH CARE SERVICES (INTEGRATED WITH PHYSICAL HEALTH CARE) TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO BEHAVIORAL HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS.
DENTAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE DENTAL CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO DENTAL CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, AND DENTAL HEALTH EDUCATION.
CORRECTIONS - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE RESIDENTIAL RE-ENTRY AND TRANSITIONAL SERVICES TO THOSE ADULTS RELEASED FROM THE FEDERAL CORRECTIONAL PROGRAMS. VISION - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE VISION CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULUTRAL BACKGROUNDS, REMOVING BARRIERS TO VISION CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY AND VISION HEALTH EDUCATION. PHARMACY - TO OPERATE A RETAIL PHARMACY FOR THE CONVENIENCE OF OUR PATIENTS AND THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tasha Blackmon CEO | Officer | 40 | $0 |
Nancy Pranger Physician Ob | 36 | $265,764 | |
Leslie Pelkey Cmo | Officer | 40 | $250,560 |
Joni Van Duinen Pediatrician | 40 | $249,187 | |
Jenny Bush Inter Cmo | Officer | 40 | $232,372 |
Timothy Hill Chief Dental | Officer | 40 | $206,495 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehmann Llc Financial Consu | 3/30/22 | $406,945 |
Redwood Toxicology Lab Testing | 3/30/22 | $558,852 |
Corrisoft Llc Software | 3/30/22 | $520,783 |
Associated Language Consultants Translation Ser | 3/30/22 | $294,259 |
Soleil Consulting Llc Financial Consu | 3/30/22 | $268,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,032 |
| Government grants | $20,253,157 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,185,837 |
| Noncash contributions included in lines 1a–1f | $57,023 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,639,026 |
| Total Program Service Revenue | $59,930,576 |
| Investment income | $215,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,813 |
| 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 | $84,792,038 |
| 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. | $1,409,484 |
| Compensation of current officers, directors, key employees. | $1,409,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,125,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,705,397 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,293,020 |
| Advertising and promotion | $0 |
| Office expenses | $1,002,492 |
| Information technology | $2,514,208 |
| Royalties | $0 |
| Occupancy | $464,564 |
| Travel | $159,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,703 |
| Interest | $130,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,704,502 |
| Insurance | $302,976 |
| All other expenses | $3,008,612 |
| Total functional expenses | $80,991,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,849,755 |
| Savings and temporary cash investments | $14,269,179 |
| Pledges and grants receivable | $3,197,111 |
| Accounts receivable, net | $10,712,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $389,638 |
| Prepaid expenses and deferred charges | $1,327,540 |
| Net Land, buildings, and equipment | $42,894,360 |
| Investments—publicly traded securities | $4,888,777 |
| Investments—other securities | $336,470 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,865,093 |
| Accounts payable and accrued expenses | $9,328,721 |
| Grants payable | $0 |
| Deferred revenue | $1,214,216 |
| 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 | $16,137,837 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,680,774 |
| Net assets without donor restrictions | $61,847,849 |
| Net assets with donor restrictions | $336,470 |
| 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 | $88,865,093 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Cherry Street Services Inc has recieved totaling $937,219.
| Awarding Organization | Amount |
|---|---|
Spectrum Health System Grand Rapids, MI PURPOSE: Increased Access Dental Services | $434,000 |
Michigan Health Endowment Fund Brighton, MI PURPOSE: INTEGRATING YSBIRT IN SCHOOL-BASED HEALTH CENTERS | $293,042 |
Heart Of West Michigan United Way Grand Rapids, MI PURPOSE: ALLOCATION / DONOR DESIGNATION | $106,282 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $37,660 |
Gladys M Friant Trust Uw 04641-007 Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $30,396 |
Service Year Exchange Inc Washington, DC PURPOSE: SUPPORT THE WORK OF THE HIGH SCHOOL TRANSITIONS LEARNING COHORT | $18,000 |
Endowment Analysis
| Beg. Balance | $390,332 |
| Earnings | -$1,029 |
| Ending Balance | $389,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deaconess Clinic Inc Evansville, IN | $96,808,507 | $130,480,235 |
Marietta Health Care Physicians Inc Marietta, OH | $16,262,800 | $105,607,609 |
Aspirus Medical Group Inc Wausau, WI | $76,960,726 | $101,291,684 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Mclaren Health Management Group Davison, MI | $97,591,258 | $95,427,508 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Cherry Street Services Inc Grand Rapids, MI | $88,865,093 | $84,792,038 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |
Hillsdale Community Health Center Hillsdale, MI | $70,560,868 | $75,764,555 |
Goshen Health System Inc Goshen, IN | $13,380,075 | $68,845,777 |
Great Lakes Bay Health Centers Saginaw, MI | $43,109,994 | $68,616,758 |
Hopewell Health Centers Inc Chillicothe, OH | $48,966,923 | $74,549,175 |