Hickory Point Christian Village
- Assets
- $24.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 255
- Location
- Forsyth, IL
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 37-0987659
Organization Overview
Hickory Point Christian Village, operating under the name Fair Havens Christian Village, is located in Forsyth, IL. The organization was established in 1974. 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 06/2021, Fair Havens Christian Village employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Havens 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, Fair Havens Christian Village generated $12.2m 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 (8.1%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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
HICKORY POINT CHRISTIAN VILLAGE, INC. PROVIDES QUALITY CARE TO SENIORS IN A CHRISTIAN ENVIRONMENT. THE OPERATIONS INCLUDE 64 LICENSED SKILLED NURSING BEDS, 37 ASSISTED LIVING UNITS, AND 44 INDEPENDENT LIVING GARDEN HOMES. ON SEPTEMBER 30, 2019 THE ORGANIZATION DIVESTED OF ONE CAMPUSES WHICH RESULTED IN A REDUCTION OF 154 SKILLED NURSING BEDS AND 10 INDEPENDENT LIVING GARDEN HOMES. 19,104 PATIENT DAYS OF SERVICES WERE PROVIDED IN FISCAL YEAR 2021 TO SKILLED NURSING RESIDENTS. THE ORGANIZATION ALSO SERVED 37 RESIDENTS IN ASSISTED LIVING AND 44 RESIDENTS IN INDEPENDENT LIVING GARDEN HOMES 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 $80,937.DURING FISCAL YEAR 2020 HICKORY POINT CHRISTIAN VILLAGE, INC. DIVESTED ITS INTEREST IN ITS FAIR HAVENS CHRISTIAN HOME FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Sewell Board Member - 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 |
Terry Goodner Board Member | OfficerTrustee | 0.3 | $0 |
Donald Bell CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $666,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,160 |
| Total Program Service Revenue | $11,463,404 |
| Investment income | $1,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,226,215 |
| 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 | $4,681,588 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $506,776 |
| Payroll taxes | $282,715 |
| Fees for services: Management | $762,060 |
| Fees for services: Legal | $10,188 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,657 |
| Fees for services: Other | $1,629,852 |
| Advertising and promotion | $2,648 |
| Office expenses | $266,882 |
| Information technology | $167,334 |
| Royalties | $0 |
| Occupancy | $623,145 |
| Travel | $2,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,504 |
| Interest | $847,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,011,034 |
| Insurance | $223,926 |
| All other expenses | $87,260 |
| Total functional expenses | $12,090,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $896,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,085 |
| Prepaid expenses and deferred charges | $45,968 |
| Net Land, buildings, and equipment | $15,441,705 |
| Investments—publicly traded securities | $65,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,861,654 |
| Total assets | $24,415,792 |
| Accounts payable and accrued expenses | $635,509 |
| Grants payable | $0 |
| Deferred revenue | $2,134,741 |
| Tax-exempt bond liabilities | $16,460,530 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $914,300 |
| Other liabilities | $1,457,888 |
| Total liabilities | $21,602,968 |
| Net assets without donor restrictions | $2,755,760 |
| Net assets with donor restrictions | $57,064 |
| 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 | $24,415,792 |
Endowment Analysis
| Beg. Balance | $1,262 |
| Earnings | $151 |
| Ending Balance | $1,413 |
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