Evergreen Retirement Community Inc
- Assets
- $46.6m
- Revenue
- $19.4m
- Investments
- $275.0k
- Employees
- 474
- Location
- Oshkosh, WI
- Founding
- 02/1968
- Data as of
- 12/2021
- EIN
- 39-1081800
Organization Overview
Evergreen Retirement Community Inc is located in Oshkosh, WI. The organization was established in 1968. 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. As of 12/2021, Evergreen Retirement Community Inc employed 474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Retirement Community 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 12/2021, Evergreen Retirement Community Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GUIDED BY CHRISTIAN IDEALS, WE STRIVE TO PROVIDE EXCEPTIONAL LIVING ENVIRONMENTS, SERVICES AND EXPERIENCES FOR PEOPLE 55 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERGREEN IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVING OLDER ADULTS, AGES 55 AND OLDER. IDEAL FOR THOSE LOOKING FOR A LIFESTYLE OF CHOICE, FREEDOM, SAFETY, COMMUNITY AND VALUE, EVERGREEN IS MORE THAN JUST A SENIOR LIVING COMMUNITY.EVERGREEN'S 35-ACRE CAMPUS IS NOT ONLY HOME TO ALMOST 300 RESIDENTS, BUT IT IS ALSO A DESTINATION FOR FAMILIES, COMMUNITY MEMBERS, VOLUNTEERS, NONPROFIT GROUPS AND OTHER VISITORS.LOCATED IN A PLEASANT RESIDENTIAL NEIGHBORHOOD IN OSHKOSH, WISCONSIN AMONG BEAUTIFUL, NATURAL SURROUNDINGS AND BORDERED BY OUR OWN OAK SAVANNA WOODLANDS, EVERGREEN PROVIDES LIVELY OPPORTUNITIES FOR YOU AND YOUR FRIENDS TO LIVE AS YOU CHOOSE. CHOOSE FROM THREE STYLES OF INDEPENDENT LIVING ACCOMMODATIONS, FOUR LEVELS OF ASSISTED LIVING, SHORT-TERM REHAB AND POST SURGICAL CARE, LONG-TERM SKILLED NURSING, OR EVERGREEN AT HOME SERVICES TO MEET YOUR UNIQUE NEEDS.LIFE ENRICHMENT ABOUNDS AT EVERGREEN. THERAPEUTIC SWIMMING POOLS, AN AEROBIC STUDIO, LAPIDARY SHOP, AND SUPPERS WITH THE CHEF ARE JUST A FEW OF THE MANY OPPORTUNITIES THAT ENCOURAGE ACTIVE LIFESTYLES. PARTNERSHIPS WITH THE UNIVERSITY OF WISCONSIN OSHKOSH, LEARNING IN RETIREMENT AND THE OSHKOSH GALLERY WALK ALSO PROVIDE ENTERTAINING AND FULFILLING EXPERIENCES AND ENSURE THAT NO TWO DAYS ARE THE SAME. AT EVERGREEN, POSSIBILITIES AWAIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Arneson President/ceo | Officer | 40 | $248,472 |
Billie Jo Higgins Cfo/treasurer | Officer | 40 | $149,592 |
Erin Sanders VP Human Resources | 40 | $110,074 | |
Peggy Bellin VP Health & Support Servic | 40 | $106,350 | |
Lisa Ruiz Executive Assistant/secret | Officer | 40 | $45,411 |
Barbara Rau Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Horizon Foods Dining Services | 12/30/21 | $810,891 |
Northcentral Construction Corporation Construction | 12/30/21 | $1,386,166 |
Parasol Alliance It Services | 12/30/21 | $168,327 |
Healthcare Services Group Housekeeping Services | 12/30/21 | $596,290 |
Bay Towel Linen/laundry Services | 12/30/21 | $149,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $949,183 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,183 |
| Total Program Service Revenue | $17,806,436 |
| Investment income | $0 |
| 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 | $19,424,837 |
| 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. | $848,010 |
| Compensation of current officers, directors, key employees. | $140,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,070,150 |
| Pension plan accruals and contributions | $340,268 |
| Other employee benefits | $955,768 |
| Payroll taxes | $608,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,905 |
| Fees for services: Accounting | $35,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,301,630 |
| Advertising and promotion | $92,996 |
| Office expenses | $192,542 |
| Information technology | $23,388 |
| Royalties | $0 |
| Occupancy | $793,942 |
| Travel | $19,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,876 |
| Interest | $609,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,163,878 |
| Insurance | $176,062 |
| All other expenses | $348,107 |
| Total functional expenses | $19,735,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,685,852 |
| Savings and temporary cash investments | $5,229,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,754,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,113 |
| Inventories for sale or use | $277,629 |
| Prepaid expenses and deferred charges | $187,408 |
| Net Land, buildings, and equipment | $34,547,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $274,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $606,536 |
| Total assets | $46,606,171 |
| Accounts payable and accrued expenses | $3,256,824 |
| Grants payable | $0 |
| Deferred revenue | $5,534,652 |
| Tax-exempt bond liabilities | $20,524,635 |
| Escrow or custodial account liability | $7,023 |
| 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 | $29,323,134 |
| Net assets without donor restrictions | $17,283,037 |
| 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 | $46,606,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evergreen Retirement Community Inc has recieved totaling $24,905.
| Awarding Organization | Amount |
|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI PURPOSE: PROGRAM SUPPORT | $24,905 |
Endowment Analysis
| Beg. Balance | $9,606,849 |
| Earnings | $1,267,606 |
| Admin Expense | $47,343 |
| Net Contributions | $636,799 |
| Other Expense | $76,283 |
| Ending Balance | $11,387,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Porter Hills Presbyterian Village Inc Grand Rapids, MI | $106,049,937 | $39,306,850 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |