Hubbard Hill Estates Inc
- Assets
- $48.9m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 363
- Location
- Elkhart, IN
- Founding
- 01/1977
- Data as of
- 06/2024
- EIN
- 35-1362157
Organization Overview
Hubbard Hill Estates Inc is located in Elkhart, IN. The organization was established in 1977. 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 06/2024, Hubbard Hill Estates Inc employed 363 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hubbard Hill Estates 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 06/2024, Hubbard Hill Estates Inc generated $19.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $21.5m during the year ending 06/2024. While expenses have increased by 7.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CONTINUUM OF LIVING OPPORTUNITIES AND SERVICES FOR OLDER ADULTS IN A CHRISTIAN HOLISTIC ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUBBARD HILL ESTATES, INC. (HUBBARD HILL LIVING WISDOM COMMUNITY) IS A FULL-SERVICE RETIREMENT COMMUNITY DESIGNED AS A CONTINUING CARE CAMPUS. HUBBARD HILL PROVIDES RESIDENTS WITH A VARIETY OF LIVING ARRANGEMENTS: PRIVATE INDEPENDENT LIVING HOUSES, SKILLED MEDICARE/MEDICAID CERTIFIED HEALTH CENTER, LICENSED ASSISTED LIVING APARTMENTS, AND DEDICATED MEMORY CARE ASSISTED LIVING APARTMENTS. A FULL-TIME WELLNESS/ACTIVITIES DIRECTOR AND STAFF PROVIDE A FULL RANGE OF RECREATIONAL AND WELLNESS PROGRAMS. SOCIAL WORKERS PROVIDE FOR SOCIAL SERVICE'S NEEDS. PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPIES ARE AVAILABLE IN THE HEALTHCARE CENTER'S FULLY EQUIPPED THERAPY CENTER FOR INPATIENT AND OUTPATIENT THERAPY SERVICES. RESIDENTS HAVE ON SITE ACCESS TO A BEAUTY SALON, MASSAGE THERAPY AND REFLEXOLOGY THERAPY. A FULL-TIME CHAPLAIN IS ALSO ON STAFF. HUBBARD HILL HAS A TOTAL OF 305 INDIVIDUAL LIVING UNITS WITHIN THE CONTINUUM OF CARE ACCOMMODATIONS. THERE ARE 87 INDIVIDUAL INDEPENDENT LIVING DWELLINGS THAT OFFER MAINTENANCE FREE LIVING AND PROVIDE OPTIONAL ACCESS TO ALL SERVICES PROVIDED BY HUBBARD HILL INCLUDING MEALS. THE ROUTINE MAINTENANCE FEE INCLUDES LAWN CARE, SNOW REMOVAL, TRASH COLLECTION, AND CITY WATER. THE LICENSED RESIDENTIAL LIVING HAS 116 APARTMENTS DESIGNED FOR RESIDENTS REQUIRING SOME ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. HUBBARD HILL PROVIDES ASSISTANCE SUCH AS DRESSING, BATHING, MEDICATION MANAGEMENT, AND OTHER LIMITED NURSING SERVICES TO RESIDENTS WHO NEED ASSISTANCE. MONTHLY SERVICES AVAILABLE INCLUDE THREE MEALS PER DAY FROM A SELECTIVE MENU, HOUSEKEEPING SERVICES, MAINTENANCE SERVICES, BED AND BATH LINEN SERVICES, AND PERSONAL LAUNDRY SERVICES. WASHERS AND DRYERS ARE AVAILABLE IN EACH HALL FOR RESIDENTS DESIRING TO DO THEIR OWN PERSONAL LAUNDRY. ADDITIONAL ASSISTED LIVING SERVICES ARE AVAILABLE FOR AN ADDITIONAL FEE. UTILITIES, INTERNET ACCESS, PHONES WITH LOCAL CALL ACCESS AND TRANSPORTATION TO LOCAL APPOINTMENTS ARE ALSO PROVIDED. A LICENSED NURSE IS ON DUTY 24 HOURS A DAY ASSESSMENT, EVALUATION, AND SUPERVISION OF RESIDENTS' NEEDS. AN RN SERVES AS DIRECTOR OF NURSING TO PROVIDE OVERSIGHT THROUGHOUT THE WEEK, ALONG WITH A LICENSED ADMINISTRATOR. HUBBARD HILL PROVIDED 34,675 RESIDENT DAYS OF SERVICE TOWARD ASSISTED LIVING CARE DURING THE FISCAL YEAR ENDED JUNE 30, 2024. HUBBARD HILL ALSO OPERATES A 66-BED SKILLED NURSING FACILITY THAT PROVIDES DEDICATED REHABILITATION AND LONG-TERM CARE. ALL HEALTHCARE ROOMS ARE CERTIFIED FOR MEDICARE SERVICES. NURSING CARE IS PROVIDED 24 HOURS PER DAY. THE ADMINISTRATOR AND DIRECTOR OF NURSING HEAD A STAFF THAT INCLUDES REGISTERED NURSES, LICENSED PRACTICAL NURSES & CERTIFIED NURSING ASSISTANTS. SEVERAL CONSULTANTS, INCLUDING A DIETITIAN, PHARMACISTS, PSYCHIATRIST, PHYSICIANS, AND THERAPISTS ARE ALSO ON STAFF. HUBBARD HILL PROVIDED 21,564 RESIDENT DAYS FOR HEALTHCARE INCLUDING 4,917 MEDICARE DAYS, 4,767 MEDICAID DAYS, AND 11,880 PRIVATE PAY DAYS DURING THE FISCAL YEAR ENDED JUNE 30, 2024. A 36-BED MEMORY CARE FACILITY PROVIDES FIRST IN CLASS CARE FOR INDIVIDUALS SUFFERING FROM DEMENTIA. RESIDENTS HAVE FREEDOM TO VISIT WITH NEIGHBORS, RELAX ON THEIR FRONT PATIOS, AND INTERACT WITH NATURE IN SAFELY DESIGNED BACKYARDS. RESIDENTS ARE ABLE TO PARTICIPATE IN NATURAL RHYTHMS OF DAILY LIFE IN A COMFORTABLE, NURTURING ENVIRONMENT. HUBBARD HILL PROVIDED 12,654 RESIDENT DAYS OF SERVICE TOWARD MEMORY CARE ASSISTED LIVING DURING THE FISCAL YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Conrad Chairperson | OfficerTrustee | 1 | $0 |
Dave Dekker Vice Chairperson | OfficerTrustee | 1 | $0 |
Bruce Korenstra Treasurer | OfficerTrustee | 1 | $0 |
Deb Gillum Secretary | OfficerTrustee | 1 | $0 |
Dan Bridges Volunteer Board Member | Trustee | 1 | $0 |
Ron Clark Volunteer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dj Construction Construction | 6/29/24 | $1,467,409 |
Millwood Roofing & Construction Construction | 6/29/24 | $924,657 |
Mapletronics Computers Inc Outsourced It Department | 6/29/24 | $337,193 |
Healthwin Specialized Care Rehab Therapy | 6/29/24 | $703,064 |
Integrity Nursing Agency Staffing | 6/29/24 | $293,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $599,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,933 |
| Total Program Service Revenue | $18,762,390 |
| Investment income | $272,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,790 |
| Net Gain/Loss on Asset Sales | -$10,343 |
| Net Income from Fundraising Events | $22,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,871,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $533,006 |
| Compensation of current officers, directors, key employees. | $110,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,201,934 |
| Pension plan accruals and contributions | $1,366 |
| Other employee benefits | $1,105,208 |
| Payroll taxes | $782,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,321 |
| Fees for services: Accounting | $83,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $96,000 |
| Fees for services: Investment Management | $30,851 |
| Fees for services: Other | $2,141,349 |
| Advertising and promotion | $81,835 |
| Office expenses | $2,024,787 |
| Information technology | $262,532 |
| Royalties | $0 |
| Occupancy | $877,896 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,074,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,776,514 |
| Insurance | $347,485 |
| All other expenses | $25,767 |
| Total functional expenses | $21,519,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,167,073 |
| Savings and temporary cash investments | $292 |
| Pledges and grants receivable | $1,425,745 |
| Accounts receivable, net | $4,399,308 |
| 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 | $178,937 |
| Net Land, buildings, and equipment | $31,705,183 |
| Investments—publicly traded securities | $9,120,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $140,000 |
| Other assets | $791,355 |
| Total assets | $48,928,607 |
| Accounts payable and accrued expenses | $1,828,700 |
| Grants payable | $0 |
| Deferred revenue | $11,884,638 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,186 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,835,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,973,023 |
| Total liabilities | $41,526,146 |
| Net assets without donor restrictions | $6,837,964 |
| Net assets with donor restrictions | $564,497 |
| 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 | $48,928,607 |