Greencroft Goshen Inc
- Assets
- $106.1m
- Revenue
- $39.3m
- Investments
- $0.0
- Employees
- 519
- Location
- Goshen, IN
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 35-1270709
Organization Overview
Greencroft Goshen Inc is located in Goshen, IN. The organization was established in 1972. 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 Goshen Inc employed 519 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greencroft Goshen 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 Goshen Inc generated $39.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $37.8m during the year ending 06/2022. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREENCROFT GOSHEN PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2022 AMOUNTED TO $3,214,213.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT & NURSING SERVICES - GREENCROFT GOSHEN (GG) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO OVER 800 RESIDENTS ON A 170-ACRE CAMPUS. GG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING, ADULT DAY PROGRAMS, SENIOR CENTER PROGRAMS, AND HOME CARE SERVICES. EVERGREEN PLACE PROVIDES GG RESIDENTS WITH A VITAL OPTION IN THE CONTINUUM OF CARE IF AND WHEN THEY SHOULD NEED ASSISTANCE SERVICES. ASSISTED LIVING VACANCIES NOT FILLED BY GG ARE AVAILABLE TO OLDER ADULTS IN THE WIDER COMMUNITY. WE PARTNER WITH RESIDENTS, THEIR FAMILIES, AND OTHERS TO CREATE A COMMUNITY WHERE OLDER ADULTS ENJOY LIFE. SUCH PARTNERSHIP IS ESSENTIAL TO APPROPRIATELY MEET THE NEEDS OF A RAPIDLY GROWING OLDER ADULT POPULATION. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITY FOUNDATION IF THEIR ASSETS RUN OUT. GG IS IN AN ACTIVE PARTNERSHIP WITH GOSHEN COLLEGE TO PROVIDE LIFELONG LEARNING OPPORTUNITIES TO PEOPLE OVER THE AGE OF 55 IN ELKHART COUNTY. ADDITIONALLY, GG PROVIDES NUMEROUS PROGRAMS AND ACTIVITIES FOR SENIORS ON AND OFF OUR CAMPUS. GG IS AFFILIATED WITH THREE HUD HOUSING ORGANIZATIONS ON ITS CAMPUS THAT ARE INTEGRATED INTO GG'S SERVICES. THESE ORGANIZATIONS SERVE UP TO 330 RESIDENTS.GREENCROFT GOSHEN'S HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. WE PROVIDE OUTPATIENT PHYSICAL, OCCUPATIONAL, AND SPEECH/LANGUAGE THERAPIES FOR ALL AGES. WE EMPHASIZE EDUCATION AND COMMUNICATION WITH YOU, YOUR FAMILY, AND REFERRING PHYSICIANS. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM GREENCROFT COMMUNITIES FOUNDATION IF THEIR ASSETS RUN OUT. DURING THE YEAR ENDED JUNE 30, 2022, OVER 12% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNTS: INDIGENT CARE/CHARITY CARE - $3,214,213
DIETARY AND OTHER SERVICES - THE ORGANIZATION PROVIDES DIETARY AND OTHER MISCELLANEOUS PROGRAM SERVICES TO ITS RESIDENTS.
AFFILIATE SUPPORT - THE ORGANIZATION PROVIDES MAINTENANCE, TELEPHONE, HOUSEKEEPING, RENTAL, AND DIETARY SERVICES TO VARIOUS AFFILIATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Woodworth Chair (part Year) | OfficerTrustee | 1 | $0 |
Carol Ebersole Chair | OfficerTrustee | 1 | $0 |
Julie Hertzler Vice Chair | OfficerTrustee | 1 | $0 |
Ben Bontrager Board Member | Trustee | 1 | $0 |
Steve Garboden Board Member (part Year) | Trustee | 1 | $0 |
Launa Leftwich Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $433,284 |
| Government grants | $418,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,925 |
| Total Program Service Revenue | $34,779,703 |
| Investment income | $2,188,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,492 |
| Net Gain/Loss on Asset Sales | $585,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,265,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,211 |
| Grants and other assistance to domestic individuals. | $5,306 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,455,609 |
| Pension plan accruals and contributions | $380,269 |
| Other employee benefits | $1,587,704 |
| Payroll taxes | $753,322 |
| Fees for services: Management | $1,789,907 |
| Fees for services: Legal | $7,586 |
| Fees for services: Accounting | $46,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,326,121 |
| Advertising and promotion | $20,191 |
| Office expenses | $988,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,654,638 |
| Travel | $33,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,942,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,217,972 |
| Insurance | $207,398 |
| All other expenses | $471,249 |
| Total functional expenses | $37,828,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,035 |
| Savings and temporary cash investments | $9,620,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,238,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,859 |
| Prepaid expenses and deferred charges | $54,062 |
| Net Land, buildings, and equipment | $49,307,156 |
| Investments—publicly traded securities | $23,867,175 |
| Investments—other securities | $0 |
| Investments—program-related | $81,589 |
| Intangible assets | $0 |
| Other assets | $21,810,697 |
| Total assets | $106,090,905 |
| Accounts payable and accrued expenses | $1,445,341 |
| Grants payable | $0 |
| Deferred revenue | $9,948,030 |
| Tax-exempt bond liabilities | $49,145,967 |
| Escrow or custodial account liability | $582,729 |
| 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 | $19,976,736 |
| Total liabilities | $81,098,803 |
| Net assets without donor restrictions | $19,198,392 |
| Net assets with donor restrictions | $5,793,710 |
| 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 | $106,090,905 |
Grants Awarded
Over the last fiscal year, Greencroft Goshen Inc has awarded $335,678 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREENCROFT COMMUNITIES FOUNDATION INC PURPOSE: TO SUPPORT OPERATIONS | $324,928 |
GOSHEN COMMUNITY SCHOOLS PURPOSE: COMMUNITY POOL | $10,750 |