Christian Retirement Homes Inc
- Assets
- $21.6m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 351
- Location
- Davenport, IA
- Founding
- 07/1967
- Data as of
- 06/2022
- EIN
- 42-0897875
Organization Overview
Christian Retirement Homes Inc, operating under the name Ridgecrest Village, is located in Davenport, IA. The organization was established in 1967. 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 06/2022, Ridgecrest Village employed 351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgecrest Village 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, Ridgecrest Village generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $13.0m during the year ending 06/2022. 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
THE MISSION OF CHRISTIAN RETIREMENT HOMES, INC. IS TO PROVIDE HIGH QUALITY HOUSING AND HEALTHCARE SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT HOME WITH 142 APARTMENT & COTTAGES FOR INDEPENDENT LIVING PEOPLE PROVIDING MEAL, HOUSEKEEPING, TRANSPORTATION AND ACTIVITIES.
HEALTH CENTER WITH 137 LICENSED BEDS PROVIDING NURSING CARE, MEALS, HOUSEKEEPING, ACTIVITIES AND TRANSPORTATION FOR INTERMEDIATE CARE THROUGH SKILLED CARE.
ASSISTED LIVING WITH 60 ROOMS OF WHICH 15 ARE FOR ALZHEIMERS PATIENTS, PROVIDING MEALS, HOUSEKEEPING, ACTIVITIES, TRANSPORTATION AND HELP WITH DAILY LIVING ACTIVITIES.
PROVIDE ASSISTANCE WITH DAILY LIVING ESSENTIALS FOR OLDER INDIVIDUALS; PROVIDE FREE BLOOD PRESSURE CHECKS WEEKLY; ANSWER EMERGENCY CALLS FROM 118 INDEPENDENT RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Vetter Fmr Exec Dir | Officer | 40 | $158,351 |
Stephanie Arp Finance Dire | Officer | 40 | $113,427 |
Brent Filmore Health Svcs | Officer | 40 | $100,784 |
Chris Krieg Vice Chair | OfficerTrustee | 1 | $0 |
Elliott Mcdonald III Secretary | OfficerTrustee | 1 | $0 |
John Anderson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Culinary Mgmt | 6/29/22 | $278,000 |
Select Rehabilitation Llc Therapy | 6/29/22 | $309,000 |
Grapetree Medical Staffing Staffing | 6/29/22 | $125,000 |
Medical Staffing Network Inc Staffing | 6/29/22 | $163,000 |
Sodexo Inc & Affiliates Culinary Mgmt | 6/29/22 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $655,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,495 |
| Total Program Service Revenue | $11,610,418 |
| Investment income | $147,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,017,869 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,662,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,208 |
| 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. | $410,429 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,510,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,351,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,373 |
| Fees for services: Accounting | $41,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,147 |
| Advertising and promotion | $167,189 |
| Office expenses | $27,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,144,402 |
| Travel | $3,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $451,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207,626 |
| Insurance | $160,050 |
| All other expenses | $6,720 |
| Total functional expenses | $13,030,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $960,856 |
| Savings and temporary cash investments | $8,510,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $472,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,582 |
| Prepaid expenses and deferred charges | $28,516 |
| Net Land, buildings, and equipment | $11,575,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,607,581 |
| Accounts payable and accrued expenses | $983,927 |
| Grants payable | $0 |
| Deferred revenue | $6,908,436 |
| Tax-exempt bond liabilities | $9,713,144 |
| 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 | $984,351 |
| Total liabilities | $18,589,858 |
| Net assets without donor restrictions | $2,782,607 |
| Net assets with donor restrictions | $235,116 |
| 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 | $21,607,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Retirement Homes Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Davenport Lend A Hand Club Davenport, IA PURPOSE: FOR ENHANCEMENTS FOR RESIDENTS CONFINED BY COVID. | $7,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
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 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Windsor Park Manor Carol Stream, IL | $83,906,843 | $31,750,649 |