Highview Retirement Home Association
- Assets
- $3.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 84
- Location
- Rockton, IL
- Founding
- 10/1944
- Data as of
- 06/2023
- EIN
- 36-2217982
Organization Overview
Highview Retirement Home Association is located in Rockton, IL. The organization was established in 1944. 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 06/2023, Highview Retirement Home Association employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highview Retirement Home Association 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 06/2023, Highview Retirement Home Association generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HOME FOR AGED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OFFERS ASSISTED LIVING AND ALZHEIMER'S/DEMENTIA-RELATED CARE TO ADULTS 55 AND OLDER IN A SAFE AND TRADITIONAL, HOME-LIKE SETTING. WITH A HISTORY SPANNING MORE THAN 100 YEARS, THE ASSOCIATION COMBINES A FULLY LICENSED FACILITY, STAFF EXPERTISE, AND EXPERIENCED LEADERSHIP TO PROVIDE STATE-OF-THE-ART CARE FOR YOU OR YOUR LOVED ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Robinson President | OfficerTrustee | 1 | $0 |
Raymond Arco Vice President | OfficerTrustee | 1 | $0 |
Wendy Boyer Secretary | OfficerTrustee | 1 | $0 |
Martha Nielsen Trustee | Trustee | 1 | $0 |
Bill Vedra Trustee | Trustee | 1 | $0 |
Anne O'keefe Trustee | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,107,060 |
| Investment income | $13,839 |
| 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 | $3,133,425 |
| 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. | $131,645 |
| Compensation of current officers, directors, key employees. | $131,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,002,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,583 |
| Payroll taxes | $154,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,076 |
| Fees for services: Accounting | $179,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,665 |
| Advertising and promotion | $40,135 |
| Office expenses | $140,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $304,755 |
| Travel | $508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,919 |
| Insurance | $62,315 |
| All other expenses | $12,827 |
| Total functional expenses | $3,542,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,093 |
| Savings and temporary cash investments | $40,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,153 |
| 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 | $3,068 |
| Net Land, buildings, and equipment | $2,426,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,136 |
| Total assets | $3,325,621 |
| Accounts payable and accrued expenses | $286,513 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,514,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,801,080 |
| Net assets without donor restrictions | $1,524,541 |
| Net assets with donor restrictions | $0 |
| 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 | $3,325,621 |