Golden Years Homestead Inc

Organization Overview

Golden Years Homestead Inc is located in Fort Wayne, IN. The organization was established in 1970. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Golden Years Homestead Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Years Homestead 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, Golden Years Homestead Inc generated $15.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $13.9m during the year ending 06/2022. While expenses have increased by 8.5% 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

GOLDEN YEARS HOMESTEAD INC IS A RETIREMENT & HEALTH CARE CENTER. OUR NON-FOR-PROFIT, CHRISTIAN COMMITMENT HAS ALLOWED US TO HOLD OUR AGING IN REVERENCE BY PROVIDING MULTIPLE CARE OPTIONS FROM INDEPENDENT LIVING AND SHORT-TERM REHABILITATION STAYS TO LONG TERM CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES NURSING CARE IN A HOME AS WELL AS IN INDEPENDENT LIVING UNITS FOR THE ELDERLY. OUR NURSING FACILITY CONTAINS 111 COMPREHENSIVE CARE BEDS. RESIDENTS MAY CHOOSE BETWEEN PRIVATE AND SEMI-PRIVATE ROOMS. EIGHTY-FIVE OF THE 111 BEDS ARE MEDICAL, AND THE REMAINING 26 ARE SECURE CARE. SECURE CARE HAS BEEN DESIGNED WITH THE SPECIAL NEEDS OF ALZHEIMER'S RESIDENTS IN MIND. THIRTEEN BEDS ARE UTILIZED FOR SHORT-TERM PHYSICAL REHAB (LESS THAN 100 DAYS) WITHIN THE FACILITY. WE OFFER 44 ASSISTED LIVING ROOMS WITH 24-HOUR CARE. INDEPENDENT LIVING CONSISTS OF 72 VILLAS IN OUR FORT WAYNE, IN CAMPUS.5% OF TOTAL REVENUE WAS USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDE THE FOLLOWING AMOUNTS; INDIGENT CARE/CHARITY CARE $726,667 FOR FYE JUNE 30, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Cyndy Elick
Chair
$0
Dale D Dean
Vice Chair
$0
Denise Hentz
Board Member
$0
Ray Mcintosh
Board Member
$0
Donna Misner
Board Member
$0
Thomas Phillips
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Liberty Developing Inc
Construction Services
$1,455,351
Ev Construction
Construction Services
$1,127,854
Kevin Steury Management
Construction Services
$915,453
Rosewood Staffing Inc
Agency Staffing Services
$714,444
Hts In Iv Inc
Therapy Services
$372,278
View All Vendors

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$15,039
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,039
Total Program Service Revenue$14,307,842
Investment income $258,366
Tax Exempt Bond Proceeds $0
Royalties $180,000
Net Rental Income $1,610
Net Gain/Loss on Asset Sales $296,028
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,263,184

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