Fairhaven Christian Home is located in Rockford, IL. The organization was established in 1967. 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 12/2021, Fairhaven Christian Home employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhaven Christian Home 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, Fairhaven Christian Home generated $16.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 2.8% 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
PROVIDE A COMFORTABLE LIFESTYLE AND EXCEPTIONAL CARE WHICH ENHANCES QUALITY OF LIFE IN A MANNER THAT GLORIFIES GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING CARE:THE CENTER OPERATES A 96 BED NURSING CARE FACILITY.
INDEPENDENT LIVING AND RESIDENTIAL CARE:THE CENTER OPERATES 112 UNITS OF INDEPENDENT LIVING DUPLEXES AND A 92 UNIT INDEPENDENT LIVING RESIDENTIAL APARTMENT FACILITY.
SUPPORTIVE CARE:THE CENTER OPERATES A 50 BED SUPPORTIVE CARE FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Reierson Executive Director | Officer | 40 | $170,311 |
Keith Pennington Director Of Finance | Officer | 40 | $90,138 |
Chuck Schlueter Vice President | OfficerTrustee | 0.5 | $0 |
Dan Nyberg Secretary | OfficerTrustee | 0.25 | $0 |
Steve Sjogren Treasurer | OfficerTrustee | 0.5 | $0 |
David Wiles President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Gale Healthcare Nursing Agency Services | 12/30/21 | $383,173 |
Castor Home Nursing Nursing Agency Services | 12/30/21 | $215,931 |
John Evans Construction Construction Renovations | 12/30/21 | $201,085 |
Securitas Security Systems Security Services | 12/30/21 | $174,905 |
Entre Computer Solutions Computer Services | 12/30/21 | $156,251 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,071,231 |
All other contributions, gifts, grants, and similar amounts not included above | $1,201,721 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,272,952 |
Total Program Service Revenue | $13,287,378 |
Investment income | $181,820 |
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 | $15,992,551 |
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. | $274,222 |
Compensation of current officers, directors, key employees. | $274,222 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,680,223 |
Pension plan accruals and contributions | $78,697 |
Other employee benefits | $721,468 |
Payroll taxes | $552,225 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,639 |
Fees for services: Accounting | $56,827 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $32,820 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $637,658 |
Advertising and promotion | $17,875 |
Office expenses | $216,363 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,030,048 |
Travel | $2,273 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,079 |
Interest | $198,223 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,741,627 |
Insurance | $354,550 |
All other expenses | $137,223 |
Total functional expenses | $15,316,876 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,400 |
Savings and temporary cash investments | $2,017,774 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $245,772 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $240,498 |
Prepaid expenses and deferred charges | $153,367 |
Net Land, buildings, and equipment | $21,302,368 |
Investments—publicly traded securities | $4,151,557 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,956 |
Total assets | $28,131,692 |
Accounts payable and accrued expenses | $1,308,696 |
Grants payable | $0 |
Deferred revenue | $3,999,914 |
Tax-exempt bond liabilities | $4,832,801 |
Escrow or custodial account liability | $17,956 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $356,247 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,180,849 |
Total liabilities | $13,696,463 |
Net assets without donor restrictions | $14,406,010 |
Net assets with donor restrictions | $29,219 |
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 | $28,131,692 |
Over the last fiscal year, we have identified 1 grants that Fairhaven Christian Home has recieved totaling $7,200.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,200 |
Beg. Balance | $2,006,494 |
Earnings | $260,628 |
Other Expense | $16,720 |
Ending Balance | $2,250,402 |
Organization Name | Assets | Revenue |
---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
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 |