Meadowbrook Village Christian Retirement Community
- Assets
- $70.7m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 230
- Location
- Escondido, CA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-1573432
Organization Overview
Meadowbrook Village Christian Retirement Community is located in Escondido, CA. The organization was established in 2005. 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 12/2023, Meadowbrook Village Christian Retirement Community employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowbrook Village Christian 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 12/2022, Meadowbrook Village Christian Retirement Community generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $11.3m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 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
THE MISSION IS TO DEVELOP AND OPERATE HOUSING SPECIALLY DESIGNED FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEADOWBROOK VILLAGE BEGAN WITH A DESIRE TO CREATE A QUALITY RETIREMENT COMMUNITY WHERE CHRIST'S LOVE WOULD BE SHOWN IN THE WAY WE SERVE AND LIVE WITH ONE ANOTHER. MEADOWBROOK WAS FOUNDED BY A LOCAL NONPROFIT FOUNDATION AND IS SUPPORTED BY MEMBERS OF SEVERAL LOCAL CHURCHES. AFTER YEARS OF PLANNING, ANTICIPATION AND PRAYER, MEADOWBROOK VILLAGE CHRISTIAN RETIREMENT COMMUNITY IS NOW FULLY OPERATIONAL. THE INITIAL PHASES CONSIST OF 50 COTTAGES, 54 APARTMENT UNITS, A FULL-SERVICE DINING FACILITY AND MANY OTHER AMENITIES. A POOL AND RECREATION FACILITY WAS COMPLETED IN 2012. IN 2020 A NEW BUILDING WAS OPENED PROVIDING 66 ADDITIONAL APARTMENT UNITS. A WALKING TRAIL WHICH INCLUDES A 250-FOOT PEDESTRIAN BRIDGE BORDERS THE NATURAL WETLAND PRESERVE ON THE EASTERN PORTION OF THE 25-ACRE SITE. THE 75-FOOT-TALL WORKING DUTCH WINDMILL AND COFFEE HOUSE ARE UNMISTAKABLE LANDMARKS IN THE HEART OF THE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Brouwer President | OfficerTrustee | 2 | $0 |
Arnold Veldkamp Secretary | OfficerTrustee | 2 | $0 |
Ronald Prins Treasurer | OfficerTrustee | 2 | $0 |
Larry Hoeksema Board Member | Trustee | 2 | $0 |
Joanne Cooper Board Member | Trustee | 2 | $0 |
Debbie Den Boer Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R & R Construction Plumbing Labor & Mat | 12/30/16 | $563,255 |
Schmitt Construction & Air Hvac Labor And Mat's | 12/30/16 | $159,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,012 |
| Total Program Service Revenue | $10,442,684 |
| Investment income | $61,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,003 |
| 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 | $10,740,685 |
| 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. | $134,414 |
| Compensation of current officers, directors, key employees. | $53,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,508,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,439 |
| Payroll taxes | $252,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,643 |
| Advertising and promotion | $12,272 |
| Office expenses | $54,651 |
| Information technology | $7,377 |
| Royalties | $0 |
| Occupancy | $756,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,380,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,848,495 |
| Insurance | $356,566 |
| All other expenses | $142,330 |
| Total functional expenses | $11,308,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $952,366 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,124 |
| Net Land, buildings, and equipment | $67,067,424 |
| Investments—publicly traded securities | $2,038,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,664,658 |
| Accounts payable and accrued expenses | $507,915 |
| Grants payable | $0 |
| Deferred revenue | $2,309,062 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,246,412 |
| Total liabilities | $67,063,389 |
| Net assets without donor restrictions | $3,601,269 |
| 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 | $70,664,658 |