Southfiled Village Inc
- Assets
- $15.1m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 180
- Location
- South Bend, IN
- Founding
- 02/1993
- Data as of
- 06/2021
- EIN
- 35-1866553
Organization Overview
Southfiled Village Inc is located in South Bend, IN. The organization was established in 1993. 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, Southfiled Village Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southfiled Village 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, Southfiled Village Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. While expenses have increased by 6.1% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHFIELD VILLAGE PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2021 AMOUNTED TO $1,587,924.
Describe the Organization's Program Activity:
SOUTHFIELD VILLAGE (SV) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 110 RESIDENTS ON A 19-ACRE CAMPUS. SV PROVIDES CCRC SERVICES INCLUDING ASSISTED LIVING AND SKILLED NURSING CARE. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ASSISTED LIVING AND SKILLED NURSING RESIDENTS PAY A MONTHLY OR DAILY FEE FOR SERVICES RENDERED. THEY ALSO HAVE SOME A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM SOUTHFIELD VILLAGE IF THEIR ASSETS RUN OUT. OVER 26% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE - $1,587,924.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Welling Chair | OfficerTrustee | 1 | $0 |
Suzanne Morgan Vice Chair | OfficerTrustee | 1 | $0 |
Jim Kapsa Chair (part Year) | OfficerTrustee | 1 | $0 |
Rydell Bontrager Secretary | Officer | 1 | $0 |
Scott Martin Treasurer | Officer | 1 | $0 |
Aimee Riemke Assistant Secretary | Officer | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atc Healthcare Services Inc Nurse Staffing Agency | 6/29/21 | $275,368 |
Rosewood Staffing Inc Nurse Staffing Agency | 6/29/21 | $265,241 |
Hts In Ii Inc Therapy Services | 6/29/21 | $424,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $925,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,204 |
| Total Program Service Revenue | $8,999,362 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,031,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,600 |
| Grants and other assistance to domestic individuals. | $675 |
| 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 | $2,883,721 |
| Pension plan accruals and contributions | $114,208 |
| Other employee benefits | $391,070 |
| Payroll taxes | $217,125 |
| Fees for services: Management | $693,893 |
| Fees for services: Legal | $1,674 |
| Fees for services: Accounting | $32,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,219,012 |
| Advertising and promotion | $9,529 |
| Office expenses | $704,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $309,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $692,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $597,024 |
| Insurance | $5,985 |
| All other expenses | $10,999 |
| Total functional expenses | $9,669,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045 |
| Savings and temporary cash investments | $2,014,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $592,823 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,251,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,789 |
| Total assets | $15,089,034 |
| Accounts payable and accrued expenses | $273,172 |
| Grants payable | $0 |
| Deferred revenue | $721,239 |
| Tax-exempt bond liabilities | $11,538,316 |
| Escrow or custodial account liability | $0 |
| 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 | $2,318,016 |
| Total liabilities | $14,850,743 |
| Net assets without donor restrictions | $208,502 |
| Net assets with donor restrictions | $29,789 |
| 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 | $15,089,034 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southfiled Village Inc has recieved totaling $9,806.
| Awarding Organization | Amount |
|---|---|
Greencroft Communities Foundation Inc Goshen, IN PURPOSE: TO SUPPORT OPERATION | $9,806 |
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 |