Greencroft Retirement Communities Inc
- Assets
- $12.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Goshen, IN
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 30-0036587
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 06/2021, Greencroft Retirement Communities Inc employed 40 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 06/2021, Greencroft Retirement Communities Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 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.
Since 2016, Greencroft Retirement Communities Inc has awarded 11 individual grants totaling $222,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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, OVER 9% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES INDIGENT/CHARITY CARE.
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, OVER 9% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES INDIGENT/CHARITY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark King President/ceo | Officer | 50 | $701,116 |
Robert Gibson Vice President/cfo | Officer | 44 | $255,031 |
Lynda Olinski Treasurer | Officer | 30 | $200,257 |
Jinny Longbrake VP Of Hr | 40 | $156,592 | |
Brent Nafziger Administrator - Greencroft | 2 | $153,576 | |
Scott Martin Assistant Treasurer | Officer | 32 | $148,432 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Yoder Construction Inc Construction Services | 6/29/21 | $2,684,734 |
Rosewood Staffing Inc Agency Staffing Services | 6/29/21 | $1,511,563 |
Hamstra Builders Inc Construction Services | 6/29/21 | $1,484,638 |
Hts In Ii Inc Therapy Services | 6/29/21 | $1,076,464 |
Square1 Excavating Construction Services | 6/29/21 | $535,194 |
R Yoder Construction Inc Construction Services | 6/29/21 | $2,684,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
| Total Program Service Revenue | $6,428,995 |
| Investment income | $71,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,552,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,377 |
| 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. | $1,776,571 |
| Compensation of current officers, directors, key employees. | $858,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,661,550 |
| Pension plan accruals and contributions | $242,014 |
| Other employee benefits | $123,172 |
| Payroll taxes | $159,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,571 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,502 |
| Advertising and promotion | $146,140 |
| Office expenses | $115,849 |
| Information technology | $85,660 |
| Royalties | $0 |
| Occupancy | $99,880 |
| Travel | $26,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,741 |
| Interest | $53,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,825 |
| Insurance | $33,840 |
| All other expenses | $56,375 |
| Total functional expenses | $6,330,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $6,508,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $768,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $787 |
| Prepaid expenses and deferred charges | $592,491 |
| Net Land, buildings, and equipment | $735,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,119,511 |
| Total assets | $12,725,150 |
| Accounts payable and accrued expenses | $799,315 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $812,185 |
| Unsecured mortgages and notes payable | $212,000 |
| Other liabilities | $3,242,260 |
| Total liabilities | $5,065,760 |
| Net assets without donor restrictions | $7,659,390 |
| 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 | $12,725,150 |
Grants Awarded
Over the last fiscal year, Greencroft Retirement Communities Inc has awarded $74,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Plain City, OH PURPOSE: COMMUNITY SUPPORT | $30,000 |
Plain City, OH PURPOSE: COMMUNITY SUPPORT | $30,000 |
Goshen, IN PURPOSE: HOSPITAL AUXILIARY | $7,000 |
Goshen, IN PURPOSE: HOSPITAL AUXILIARY | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greencroft Retirement Communities Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elkhart County Inc Elkhart, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |
Franklin United Methodist Home Inc Franklin, IN | $75,232,007 | $21,825,584 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |