Eden Retirement Center Inc
- Assets
- $19.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 216
- Location
- Glen Carbon, IL
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 37-1032262
Organization Overview
Eden Retirement Center Inc is located in Glen Carbon, IL. The organization was established in 1977. 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, Eden Retirement Center Inc employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden Retirement Center 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 12/2021, Eden Retirement Center Inc generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $10.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
OUR MISSION IS TO SUSTAIN A CULTURE THAT PROMOTES DIGNITY, INDIVIDUALITY, AND CARE FOR THOSE WHO LIVE AND WORK AT EDEN VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDEN RETIREMENT CENTER OPERATES A 128 BED SKILLED NURSING FACILITY (CARE CENTER) AS A NOT-FOR-PROFIT ENTITY FOR THE PRIMARY BENEFIT OF THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS. ALL BEDS ARE LICENSED AND CERTIFIED FOR MEDICARE WITH 105 OF THESE BEDS ALSO CERTIFIED FOR MEDICAID ELIGIBLE RESIDENTS. THIS COMPREHENSIVE, QUALITY SKIILED CARE THEY NEED INCLUDES ATTRACTIVE ACCOMODATIONS, EXTENSIVE REHABILITATIVE PROGRAMS PROVIDED BY COMPASSIONATE STAFF, AND INTERACTIVE ACTIVITIES WITH RESIDENTS OF SIMILAR AGE AND ABILITIES. APPROXIMATELY 29% OF OUR SERVICES WERE PROVIDED TO INDIGENT MEDICAID BENIFICIARIES, 10% TO MEDICARE RECIPIENTS AND THE REMAINING 61% TO VARIOUS OTHER SENIORS WITHOUT REGARD TO THEIR ABILITY TO PAY.
EDEN RETIREMENT CENTER OPERATES A 104 UNIT ASSISTED LIVING APARTMENT COMPLEX AS PART OF ITS CONTINUING CARE RETIREMENT COMMUNITY. THESE ACCOMODATIONS AND SERVICES ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF SENIORS IN THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS.
EDEN RETIREMENT CENTER OPERATES A 52 UNIT SENIOR LIVING APARTMENT COMPLEX AND 20 SENIOR LIVING DUPLEXES AS A PART OF ITS CONTINUING CARE RETIREMENT COMMUNITY. THESE ACCOMODATIONS ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF SENIORS IN THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS. OVER HALF OF OUR RESIDENTS PAY SUBSTANTIALLY LESS THAN THE CURRENT MARKET RATE FOR SIMILIAR ACCOMODATIONS AS A RESULT OF EDEN'S MISSION AND COMMITMENT TO QUALITY SENIOR LIVING IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Mcmahan Executive Di | Officer | 40 | $149,130 |
Dean Schueler Member/medic | Trustee | 2 | $23,400 |
Jamie Henderson Vice Preside | OfficerTrustee | 1 | $0 |
Don Sullivan President | OfficerTrustee | 1 | $0 |
Eric Alvarez Member | Trustee | 1 | $0 |
Pam Heepke Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Services Group Inc Dietary Service | 12/30/19 | $699,681 |
Symbria Rehab Therapy Service | 12/30/19 | $356,350 |
Favorite Healthcare Staffing Inc Staffing Agency | 12/30/19 | $105,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,919 |
| Total Program Service Revenue | $8,772,136 |
| Investment income | $10,260 |
| 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 | $9,963,700 |
| 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. | $153,340 |
| Compensation of current officers, directors, key employees. | $153,340 |
| Compensation to disqualified persons | $3,769,167 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $17,821 |
| Other employee benefits | $527,959 |
| Payroll taxes | $287,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,667 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,760,971 |
| Advertising and promotion | $12,685 |
| Office expenses | $473,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $992,023 |
| Travel | $6,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $646,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $835,598 |
| Insurance | $423,161 |
| All other expenses | $0 |
| Total functional expenses | $10,292,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,769 |
| Savings and temporary cash investments | $3,015,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $130,704 |
| Net Land, buildings, and equipment | $15,639,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,004,954 |
| Accounts payable and accrued expenses | $1,341,495 |
| Grants payable | $0 |
| Deferred revenue | $209,468 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,555 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,552,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $866,219 |
| Total liabilities | $17,998,586 |
| Net assets without donor restrictions | $1,006,368 |
| 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 | $19,004,954 |
Peer Organizations
| 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 |