Rosebush Interfaith Retirement Community
- Assets
- $1.6m
- Revenue
- $859.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rosebush, MI
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 38-3544655
Organization Overview
Rosebush Interfaith Retirement Community is located in Rosebush, MI. The organization was established in 2001. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosebush Interfaith Retirement Community 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 12/2023, Rosebush Interfaith Retirement Community generated $859.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $895.8k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A SENIOR ADULT ASSISTED LIVING FACILITY IN A RURAL ENVIRONMENT SERVING 25 RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dane Clark Director | 1 | $0 | |
Kathleen Mumford Director | 1 | $0 | |
Donna King Director | 1 | $0 | |
Jon Baker Director | 1 | $0 | |
Henry Block Director | 1 | $0 | |
Linda Fabian Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,153 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,086 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $850,526 |
| Total Revenue | $859,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,241 |
| Other employee salaries and wages | $437,855 |
| Pension plans, employee benefits | $82,373 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $83,769 |
| Occupancy | $106,193 |
| Travel, conferences, and meetings | $2,387 |
| Printing and publications | $0 |
| Other expenses | $66,294 |
| Total operating and administrative expenses | $895,804 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $895,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,854 |
| Savings and temporary cash investments | $363,707 |
| Net Accounts receivable | $29,058 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,607 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $943,352 |
| Other assets | $162,532 |
| Total assets | $1,639,110 |
| Accounts payable and accrued expenses | $25,327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $90,323 |
| Total liabilities | $115,650 |