Harbor Crest Home Inc
- Assets
- $463.9k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 86
- Location
- Fulton, IL
- Founding
- 08/1968
- Data as of
- 12/2019
- EIN
- 36-2521635
Organization Overview
Harbor Crest Home Inc is located in Fulton, IL. The organization was established in 1968. 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 12/2019, Harbor Crest Home Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Crest Home 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 12/2019, Harbor Crest Home Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LONG-TERM NURSING AND HEALTH CARE FOR ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED LONG-TERM NURSING AND HEALTH CARE FOR APPROXIMATLEY 60 RESIDENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Beider Vice Preside | OfficerTrustee | $0 | |
Larry Russell Treasurer | OfficerTrustee | $0 | |
Richard Houzenga President | OfficerTrustee | $0 | |
Barb Fulfs Secretary | Trustee | $0 | |
Maxine Vanzuiden Director | Trustee | $0 | |
Marsha Norman Director | Trustee | $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 | $1,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,861 |
| Total Program Service Revenue | $2,133,636 |
| Investment income | $19,265 |
| 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 | $2,155,288 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,366,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,797 |
| Payroll taxes | $103,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,632 |
| Advertising and promotion | $14,255 |
| Office expenses | $30,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,429 |
| Travel | $1,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,491 |
| Insurance | $43,271 |
| All other expenses | $98,489 |
| Total functional expenses | $2,375,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,767 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $135,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,586 |
| Total assets | $463,931 |
| Accounts payable and accrued expenses | $281,073 |
| 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 | $625,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,909 |
| Total liabilities | $909,671 |
| Net assets without donor restrictions | -$445,740 |
| 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 | $463,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harbor Crest Home Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT, PPE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |
Retirement Research Foundation Chicago, IL | $0 | $4,600,406 |