Indianapolis Jewish Home Inc Hooverwood, operating under the name Hooverwood, is located in Indianapolis, IN. The organization was established in 1957. 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 12/2023, Hooverwood employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hooverwood 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 12/2021, Hooverwood generated $22.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $21.5m during the year ending 12/2021. While expenses have increased by 11.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDIANAPOLIS JEWISH HOME, INC., HOOVERWOOD, IS A NON-PROFIT NURSING FACILITY SPECIALIZING IN REHAB, DEMENTIA CARE, ASSISTED LIVING, AND HOSPICE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORIGINALLY ESTABLISHED AS THE JEWISH SHELTER HOUSE IN 1902 AND LATER THE BORINSTEIN HOME IN 1929, HOOVERWOOD HAS BEEN OFFERING CARE AND SERVICES TO THE ELDERLY IN OUR COMMUNITY FOR MORE THAN A CENTURY. HOOVERWOOD'S TRADITION OF HEALTHCARE EXCELLENCE CONTINUES TODAY WITH AN ORGANIZATIONAL MISSION THAT EMPHASIZES: DIGNITY, SPIRITUALITY, COMMUNITY AND VISION. AS A NON-PROFIT ORGANIZATION CERTIFIED BY MEDICARE AND MEDICAID, HOOVERWOOD SPECIALIZES IN SHORT-TERM REHABILITATION FOLLOWING A HOSPITALIZATION, SKILLED NURSING CARE, LONG-TERM CARE, MEMORY AND DEMENTIA CARE, AND MEDICAL SPECIALTIES INCLUDING GERIATRICS, AND GERIATRIC PSYCHIATRY. HOOVERWOOD'S DEPARTMENT OF REHABILITATION SERVICES PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES ON AN INPATIENT AND OUTPATIENT BASIS. HOOVERWOOD'S INTERDISCIPLINARY TEAM OF NURSES, NURSING ASSISTANTS, SOCIAL WORKERS, DIETITIANS, ACTIVITY STAFF AND THERAPISTS WORK TOGETHER TO COORDINATE RESIDENTS' OVERALL CARE AND PROVIDE SKILLED CARE, ENCOURAGEMENT AND SUPPORT IN ORDER FOR OUR RESIDENTS TO REACH THEIR HIGHEST POTENTIAL. THE HOOVERWOOD TEAM TAKES GREAT PRIDE IN THE IMPRESSIVE NUMBER OF RESIDENTS WHO GRADUATE FROM THEIR REHABILITATION PROGRAM AND RETURN HOME TO THEIR PRIOR LEVEL OF FUNCTION AND INDEPENDENCE. HOOVERWOOD'S GERIATRIC PSYCHIATRIST PROVIDES EVALUATION AND TREATMENT OF A VARIETY OF MENTAL HEALTH ISSUES AND ASSISTS THE RESIDENTS AS THEY COPE WITH CHANGES AND CHALLENGES IN THEIR LIVES. HOOVERWOOD IS PROUD TO HAVE SERVED 400 RESIDENTS IN 2023, OF WHICH 172 SUCCESSFULLY COMPLETED THEIR REHAB AND WERE ABLE TO RETURN HOME. OUR SHALOM SANCTUARY CENTER FOR ELDER ABUSE WORKS WITH LOCAL ADULT PROTECTIVE SERVICES, POLICE, AND EMERGENCY ROOMS TO PROVIDE A SAFE ENVIRONMENT FOR THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY. THIS IS THE ONLY PROGRAM LIKE IT IN INDIANA AND IS FILLING A MUCH NEEDED SERVICE IN CARING FOR THE ELDERLY IN OUR COMMUNITY. ELEVEN INDIVIDUALS WERE SERVED THROUGH THIS PROGRAM IN 2023.
AARON-RUBEN-NELSON HOSPICE OPENED IN LATE 2021. THIS PROGRAM CURRENTLY SERVES HOOVERWOOD AND KRAFT COMMONS RESIDENTS IN THE LAST STAGES OF THEIR LIVES AND PROVIDES COMFORT AND SUPPORT TO THE PATIENTS AND THEIR FAMILIES AT ONE OF THEIR MOST DIFFICULT TIMES. AS THE ONLY JEWISH HOSPICE IN INDIANAPOLIS, OUR VALUES GUIDE US IN SERVING ALL FAITHS IN CENTRAL INDIANA. AARON-RUBEN-NELSON HOSPICE IS PROUD TO HAVE SERVED 64 RESIDENTS IN 2023.
KRAFT COMMONS IS HOOVERWOOD'S PREMIER ASSISTED LIVING FACILITY WHICH PROVIDES CARE TO THOSE INDIVIDUALS WHO NEED A LITTLE GUIDANCE IN THEIR DAILY ACTIVITIES. RESIDENTS PARTICIPATE IN WELLNESS AND FITNESS PROGRAMS, ON-SITE BEAUTY AND BARBER SHOP APPOINTMENTS, HAPPY HOUR, OUTINGS TO RESTAURANTS AND SPECIAL EVENTS AROUND TOWN, AND OTHER RECREATIONAL ACTIVITIES. OUR RESIDENTS ALSO HAVE ACCESS TO THE JCC FITNESS CENTER AND INDOOR AND OUTDOOR POOLS. KRAFT COMMONS IS PROUD TO HAVE SERVED 43 RESIDENTS IN ITS BOUTIQUE FACILITY IN 2023.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board President | OfficerTrustee | 2 | $0 |
Name Not Listed Board President | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,594,000 |
All other contributions, gifts, grants, and similar amounts not included above | $1,056,726 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,650,726 |
Total Program Service Revenue | $19,531,123 |
Investment income | -$3,547 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $22,178,302 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $430,625 |
Compensation of current officers, directors, key employees. | $430,625 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,829,752 |
Pension plan accruals and contributions | $197,867 |
Other employee benefits | $1,475,773 |
Payroll taxes | $594,199 |
Fees for services: Management | $0 |
Fees for services: Legal | $68,513 |
Fees for services: Accounting | $55,632 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $62,281 |
Fees for services: Other | $235,592 |
Advertising and promotion | $42,035 |
Office expenses | $1,639,065 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $351,263 |
Travel | $10,857 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $361,227 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,078,985 |
Insurance | $506,864 |
All other expenses | $40,666 |
Total functional expenses | $21,502,075 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $791,412 |
Savings and temporary cash investments | $3,907,504 |
Pledges and grants receivable | $3,960,877 |
Accounts receivable, net | $1,959,816 |
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 | $268,060 |
Net Land, buildings, and equipment | $31,060,055 |
Investments—publicly traded securities | $1,052,549 |
Investments—other securities | $7,043,978 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $50,044,251 |
Accounts payable and accrued expenses | $2,348,004 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $14,318,199 |
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 | $0 |
Total liabilities | $16,666,203 |
Net assets without donor restrictions | $29,046,862 |
Net assets with donor restrictions | $4,331,186 |
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 | $50,044,251 |