Christian Homes Inc
- Assets
- $89.0m
- Revenue
- $25.7m
- Investments
- $0.0
- Employees
- 564
- Location
- St Louis, MO
- Founding
- 07/1967
- Data as of
- 06/2021
- EIN
- 37-0841562
Organization Overview
Christian Homes Inc, operating under the name The Christian Village Wabash Christian Village And Washington Christian Village, is located in St Louis, MO. The organization was established in 1967. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Christian Village Wabash Christian Village And Washington Christian Village employed 564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Village Wabash Christian Village And Washington Christian Village 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 06/2021, Christian Village Wabash Christian Village And Washington Christian Village generated $25.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $26.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO HONOR GOD BY PROVIDING A CONTINUUM OF EXCELLENT CARE AND SUPPORT SERVICES, PRIMARILY FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN HOMES, INC. PROVIDES QUARLITY CARE TO SENIORS IN A CHRISTIAN ENVIRONMENT. THE OPERATIONS INCLUDE 280 LICENSED SKILLED NURSING BEDS, 12 ASSISTED LIVING UNITS, AND 76 INDEPENDENT LIVING APARTMENTS AND GARDEN HOMES ON 2 CAMPUS. ON SEPTEMBER 30, 2019 THE ORGANIZATION DIVESTED OF THREE CAMPUSES WHICH RESULTED IN A REDUCTION OF 352 SKILLED NURSING BEDS AND 17 INDEPENDENT LIVING GARDEN HOMES. THE OPERATIONS INCLUDE SKILLED NURSING CARE, ASSISTED LIVING, SENIOR APARTMENTS, AND INDEPENDENT LIVING APARTMENTS ON SIX CAMPUSES. 75,117 PATIENT DAYS OF SERVICES WERE PROVIDED IN FISCAL YEAR 2021 TO SKILLED NURSING AND ASSISTED LIVING RESIDENTS ON THE CAMPUSES. THE CHRISTIAN HOMES, INC. CAMPUSES ALSO SERVED 8 RESIDENTS IN ASSISTED LIVING UNITS AND 71 RESIDENTS IN INDEPENDENT LIVING UNITS DURING FISCAL YEAR 2021.THE ORGANIZATION PROVIDES CARE TO RESIDENTS WHO MEET THE CRITERIA TO BE COVERED UNDER THE MEDICAID PROGRAM IN THE VARIOUS STATES IN WHICH THEY OPERATE. TYPICALLY, THE REIMBURSEMENT RATES UNDER THIS PROGRAM ARE SIGNIFICANTLY LESS THAN THE COST OF PROVIDING THE CARE, RESULTING IN A SIGNIFICANT REDUCTION IN REVENUE. MANAGEMENT HAS ESTIMATED THE COST OF COMMUNITY BENEFITS PROVIDED UNDER THIS PROGRAM FOR FISCAL YEAR 2021 TO BE $4,283,435.DURING FISCAL YEAR 2020, THE ORGANIZATION DIVESTED WASHINGTON CHRISTIAN, HEARTLAND CHRISTIAN VILLAGE, AND SHAWNEE CHRISTIAN VILLAGE, EFFECTIVE 9/30/19.
CHRISTIAN HOMES, INC. PROVIDES QUARLITY CARE TO SENIORS IN A CHRISTIAN ENVIRONMENT. THE OPERATIONS INCLUDE 280 LICENSED SKILLED NURSING BEDS, 12 ASSISTED LIVING UNITS, AND 76 INDEPENDENT LIVING APARTMENTS AND GARDEN HOMES ON 2 CAMPUS. ON SEPTEMBER 30, 2019 THE ORGANIZATION DIVESTED OF THREE CAMPUSES WHICH RESULTED IN A REDUCTION OF 352 SKILLED NURSING BEDS AND 17 INDEPENDENT LIVING GARDEN HOMES. THE OPERATIONS INCLUDE SKILLED NURSING CARE, ASSISTED LIVING, SENIOR APARTMENTS, AND INDEPENDENT LIVING APARTMENTS ON SIX CAMPUSES. 75,117 PATIENT DAYS OF SERVICES WERE PROVIDED IN FISCAL YEAR 2021 TO SKILLED NURSING AND ASSISTED LIVING RESIDENTS ON THE CAMPUSES. THE CHRISTIAN HOMES, INC. CAMPUSES ALSO SERVED 8 RESIDENTS IN ASSISTED LIVING UNITS AND 71 RESIDENTS IN INDEPENDENT LIVING UNITS DURING FISCAL YEAR 2021.THE ORGANIZATION PROVIDES CARE TO RESIDENTS WHO MEET THE CRITERIA TO BE COVERED UNDER THE MEDICAID PROGRAM IN THE VARIOUS STATES IN WHICH THEY OPERATE. TYPICALLY, THE REIMBURSEMENT RATES UNDER THIS PROGRAM ARE SIGNIFICANTLY LESS THAN THE COST OF PROVIDING THE CARE, RESULTING IN A SIGNIFICANT REDUCTION IN REVENUE. MANAGEMENT HAS ESTIMATED THE COST OF COMMUNITY BENEFITS PROVIDED UNDER THIS PROGRAM FOR FISCAL YEAR 2021 TO BE $4,283,435.DURING FISCAL YEAR 2020, THE ORGANIZATION DIVESTED WASHINGTON CHRISTIAN, HEARTLAND CHRISTIAN VILLAGE, AND SHAWNEE CHRISTIAN VILLAGE, EFFECTIVE 9/30/19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Sewell Board Member - Chairman (part Year) | OfficerTrustee | 0.3 | $0 |
Nick Filing Board Member - Chairman | OfficerTrustee | 0.3 | $0 |
Billy Carter Board Member - Treasurer | OfficerTrustee | 0.3 | $0 |
Scott Williams Board Member - Secretary | OfficerTrustee | 0.3 | $0 |
Donald Bell CEO | Officer | 2 | $0 |
Raymond Dickison COO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehabcare Group East Inc Therapy | 6/29/21 | $7,907,654 |
Medline Industries Inc Medical Supplies | 6/29/21 | $1,548,287 |
Gordon Food Service Inc Food | 6/29/21 | $2,932,949 |
Smith Drug Company Pharmacy - Provide Drugs For Our Pharmac | 6/29/21 | $6,626,829 |
Paric Corporation Construction Contractor | 6/29/21 | $850,141 |
Smith Drug Company Pharmacy - Provide Drugs For Our Pharmac | 6/29/21 | $6,626,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,728,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,299 |
| Noncash contributions included in lines 1a–1f | $1,586 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,234,510 |
| Total Program Service Revenue | $19,534,783 |
| Investment income | $1,133,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,541,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,728,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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 | $11,314,570 |
| Pension plan accruals and contributions | $13,500 |
| Other employee benefits | $1,355,653 |
| Payroll taxes | $652,900 |
| Fees for services: Management | $1,318,185 |
| Fees for services: Legal | $140,502 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,014 |
| Fees for services: Other | $2,868,197 |
| Advertising and promotion | $51,874 |
| Office expenses | $602,944 |
| Information technology | $331,837 |
| Royalties | $0 |
| Occupancy | $843,328 |
| Travel | $36,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,177 |
| Interest | $970,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,966,666 |
| Insurance | $436,329 |
| All other expenses | $677,162 |
| Total functional expenses | $26,278,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,457 |
| Savings and temporary cash investments | $7,220,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,303,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,852,647 |
| Inventories for sale or use | $361,844 |
| Prepaid expenses and deferred charges | $343,439 |
| Net Land, buildings, and equipment | $13,136,118 |
| Investments—publicly traded securities | $43,608,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,630,507 |
| Total assets | $88,969,288 |
| Accounts payable and accrued expenses | $7,220,066 |
| Grants payable | $0 |
| Deferred revenue | $1,880,594 |
| Tax-exempt bond liabilities | $11,314,990 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,965,554 |
| Unsecured mortgages and notes payable | $2,232,185 |
| Other liabilities | $37,382,477 |
| Total liabilities | $62,995,866 |
| Net assets without donor restrictions | $25,820,499 |
| Net assets with donor restrictions | $152,923 |
| 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 | $88,969,288 |
Grants Awarded
Over the last fiscal year, Christian Homes Inc has awarded $26,416 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: TO SUPPORT RELATED ORGANIZATION | $14,416 |
Spanaway, WA PURPOSE: TO PROVIDE WELL BEING FOR OLDER ADULTS IN MYANMAR. THIS MISSION WILL HELP SUSTAIN QUALITY OF LIFE CARE OF RESIDENTS AT THE NEW PATHWAY HOME - A 7 BEDROOM HOME THAT HOUSES 12 WIDOWS RESCRUED FROM POVERTY. WE AIM TO PROVIDE A CONTINUUM OF DAILY LIVING ASSISTANCE, MEALS, LAUNDRY, MEDICAL CARE AND MORE FOR THESE TWELVE RESIDENTS. | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Homes Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,500 |
Endowment Analysis
| Beg. Balance | $10,253,734 |
| Earnings | $1,351,064 |
| Ending Balance | $11,604,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Manors Inc Wichita, KS | $184,544,453 | $111,573,289 |
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |