Sunset Home
- Assets
- $17.3m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 315
- Location
- Quincy, IL
- Founding
- 09/1937
- Data as of
- 09/2023
- EIN
- 37-0661224
Organization Overview
Sunset Home is located in Quincy, IL. The organization was established in 1937. 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 09/2023, Sunset Home employed 315 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset 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 09/2023, Sunset Home generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $14.4m during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHARING THE LOVE OF JESUS CHRIST THROUGH LIFE IN A CARING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME AND SENIOR LIVING SERVING APPROXIMATELY 150 RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Prost President | OfficerTrustee | $0 | |
Kurt Stuckman Vice Preside | OfficerTrustee | $0 | |
Ron Frericks Secretary | OfficerTrustee | $0 | |
Michael Purol Treasurer | OfficerTrustee | $0 | |
Clara Ehrhart Past Preside | Trustee | $0 | |
Eric Meyer Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $928,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,600,349 |
| Total Program Service Revenue | $12,036,636 |
| Investment income | $76,534 |
| 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 | $13,713,519 |
| 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 | $7,710,016 |
| Pension plan accruals and contributions | $131,737 |
| Other employee benefits | $853,961 |
| Payroll taxes | $538,901 |
| Fees for services: Management | $16,898 |
| Fees for services: Legal | $44,352 |
| Fees for services: Accounting | $34,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,734 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $267,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $652,636 |
| Insurance | $309,061 |
| All other expenses | $117,363 |
| Total functional expenses | $14,439,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070 |
| Savings and temporary cash investments | $693,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,739,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,422 |
| Prepaid expenses and deferred charges | $131,292 |
| Net Land, buildings, and equipment | $9,331,508 |
| Investments—publicly traded securities | $11,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,354,899 |
| Total assets | $17,301,962 |
| Accounts payable and accrued expenses | $1,487,461 |
| 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 | $4,312,483 |
| Unsecured mortgages and notes payable | $900,000 |
| Other liabilities | $2,179,500 |
| Total liabilities | $8,879,444 |
| Net assets without donor restrictions | $8,422,518 |
| 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 | $17,301,962 |