Fox Run Village Inc
- Assets
- $417.2m
- Revenue
- $72.5m
- Investments
- $339.4k
- Employees
- 1,047
- Location
- Novi, MI
- Founding
- 11/2004
- Data as of
- 12/2019
- EIN
- 52-2291271
Organization Overview
Fox Run Village Inc is located in Novi, MI. The organization was established in 2004. 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. As of 12/2019, Fox Run Village Inc employed 1,047 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Fox Run Village Inc generated $72.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $79.7m during the year ending 12/2019. While expenses have increased by 5.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOX RUN VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,045 INDEPENDENT LIVING UNITS, 44 ASSISTED LIVING UNITS, 44 SKILLED NURSING BEDS AND 44 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccormick Executive Director | Officer | 40 | $265,413 |
Gregory Meehan Director Of Finance | Officer | 40 | $146,061 |
Erica Patterson Director Nursing | 40 | $127,940 | |
Sheri Lucius Clinical Health Care Counselor | 40 | $113,870 | |
Deanna Klein Rehabilitation Manager | 40 | $110,702 | |
Marina Brykalova Employee Health Nurse Practioner | 40 | $106,351 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erickson Living Management Management - See Sch. O | 12/30/19 | $7,696,231 |
Risco Inc Custom Repair | 12/30/19 | $1,290,904 |
Braun Construction Group Inc Construction | 12/30/19 | $950,378 |
Great Oaks Maintenance & Horticultural Landscaping | 12/30/19 | $479,054 |
Wilkins Floorcovering Flooring | 12/30/19 | $605,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,846,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,979,542 |
| Total Program Service Revenue | $57,481,941 |
| Investment income | $12,689,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $262,645 |
| Net Gain/Loss on Asset Sales | $12,876 |
| Net Income from Fundraising Events | $30,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,456,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $392,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $441,936 |
| Compensation of current officers, directors, key employees. | $441,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,994,792 |
| Pension plan accruals and contributions | $260,567 |
| Other employee benefits | $3,016,400 |
| Payroll taxes | $1,519,273 |
| Fees for services: Management | $2,430,772 |
| Fees for services: Legal | $17,698 |
| Fees for services: Accounting | $58,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,998 |
| Fees for services: Other | $5,217,710 |
| Advertising and promotion | $2,052,471 |
| Office expenses | $5,819,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,523,190 |
| Travel | $209,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,637,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,668,150 |
| Insurance | $483,656 |
| All other expenses | $0 |
| Total functional expenses | $79,734,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,900 |
| Savings and temporary cash investments | $11,270,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,210,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $257,708,030 |
| Inventories for sale or use | $127,984 |
| Prepaid expenses and deferred charges | $1,711,211 |
| Net Land, buildings, and equipment | $140,357,464 |
| Investments—publicly traded securities | $4,462,569 |
| Investments—other securities | $339,368 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,190,314 |
| Accounts payable and accrued expenses | $2,583,453 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,389,817 |
| 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 | $434,886,160 |
| Total liabilities | $439,859,430 |
| Net assets without donor restrictions | -$27,572,135 |
| Net assets with donor restrictions | $4,903,019 |
| 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 | $417,190,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fox Run Village Inc has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fox Run Village Inc Novi, MI | $417,190,314 | $72,456,798 |
Blanchard Valley Continuing Care Services Findlay, OH | $80,119,659 | $51,260,597 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,918,090 | $36,875,570 |
Colonial Senior Services Inc Hamilton, OH | $77,407,314 | $31,035,695 |
St Leonard Centerville, OH | $91,180,983 | $35,257,686 |
First Community Village Columbus, OH | $88,611,658 | $22,224,021 |
Willow Brook Christian Services Delaware, OH | $3,715,683 | $25,826,962 |
Clark Retirement Community Inc Grand Rapids, MI | $100,230,556 | $19,739,352 |
Resthaven Holland, MI | $27,521,606 | $22,948,145 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Covenant Retirement Communities Of The Great Lakes Conference Grand Rapids, MI | $46,933,585 | $15,255,201 |
Mercy Services For Aging Nonprofit Housing Corporation Farmington Hills, MI | $43,105,919 | $17,640,676 |