Greencroft Retirement Communities Inc

Organization Overview

Greencroft Retirement Communities Inc is located in Goshen, IN. The organization was established in 2003. 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, Greencroft Retirement Communities Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greencroft Retirement Communities 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 06/2022, Greencroft Retirement Communities Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 4.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

GREENCROFT RETIREMENT COMMUNITIES' MISSION IS TO PROVIDE MANAGEMENT & SUPPORT SERVICES TO RELATED NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING, QUALITY CARE, AND CHARITY CARE FOR OLDER ADULTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREENCROFT RETIREMENT COMMUNITIES, INC (GRC) IS THE SPONSOR OF THIRTEEN NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) AND HUD FACILITIES. GRC PROVIDES THEM WITH SUPPORT AND SERVICES, AND GIVES 2,200 ELDERLY RESIDENTS OF ALL ECONOMIC LEVELS AN ENVIRONMENT THAT EMBRACES THEIR CREATIVITY AND CONTRIBUTIONS, AS WELL AS THE CHALLENGES OF AGING. AT LEAST 30 PERCENT OF RESIDENTS HAVE INCOME BELOW THE FEDERAL POVERTY LINE. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITIES FOUNDATION (ANOTHER RELATED ORGANIZATION) IF THEIR ASSETS RUN OUT. FOR THE ORGANIZATION, AS A WHOLE, 9% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES INDIGENT/CHARITY CARE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
R Yoder Construction Inc
Construction Services
$2,969,656
Rosewood Staffing Inc
Agency Staffing Services
$2,456,577
Networks Connect Healthcare Staffing
Agency Staffing Services
$1,658,465
Hts In Ii Inc
Therapy Services
$1,119,662
Square1 Excavating
Construction Services
$505,411
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $212,000
All other contributions, gifts, grants, and similar amounts not included above$3,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$215,100
Total Program Service Revenue$6,460,286
Investment income $108,102
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $31,981
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,819,841

Grants Awarded

Over the last fiscal year, Greencroft Retirement Communities Inc has awarded $37,000 in support to 2 organizations.

Grant RecipientAmount

GOSHEN GENERAL HOSPITAL WOMENS AUXILIARY INC

PURPOSE: HOSPITAL AUXILIARY

$7,000

EDGEWATER PLACE INC

PURPOSE: COMMUNITY SUPPORT

$30,000
View Grant Profile

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