The Voyage Senior Living
- Assets
- $23.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 263
- Location
- Marion, IL
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 37-1358966
Organization Overview
The Voyage Senior Living is located in Marion, IL. The organization was established in 1996. 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 12/2021, Voyage Senior Living employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voyage Senior Living 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, Voyage Senior Living generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND DEVELOP ASSISTED HOUSING
Describe the Organization's Program Activity:
TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT, AND EXPANSION OF ASSISTED HOUSING FOR LOW-INCOME ELDERLY AND OTHER PERSONS. DURING 2021 THE CORPORATION'S OPERATIONS PROVIDED HOUSING, SUPPORT SERVICES AND MANAGEMENT TO THE ELDERLY TOTALING 3,269 DAYS OF RESIDINTIAL ASSISTED LIVING. THIS INCLUDES LOW INCOME HOUSING RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Hamlin Executive Director | Officer | 40 | $116,082 |
Patrice Deblois CFO | Officer | 40 | $92,960 |
Kim Barr Cpo | Officer | 40 | $77,654 |
Dr Raymond Lenzi Chairman | Trustee | 2 | $0 |
James Hunsaker Director | Trustee | 1 | $0 |
Cindy Gibbons Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,271 |
| Total Program Service Revenue | $9,113,607 |
| Investment income | $3,264 |
| 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 | $9,309,573 |
| 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. | $300,411 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,037,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $430,592 |
| Payroll taxes | $854,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,898 |
| Fees for services: Accounting | $37,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $959,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $442,283 |
| Travel | $1,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $954,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,394,180 |
| Insurance | $282,808 |
| All other expenses | $109,038 |
| Total functional expenses | $10,387,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,820,034 |
| Savings and temporary cash investments | $1,123,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $833,184 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,266 |
| Prepaid expenses and deferred charges | $152,266 |
| Net Land, buildings, and equipment | $19,475,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $205 |
| Intangible assets | $0 |
| Other assets | $78,595 |
| Total assets | $23,575,340 |
| Accounts payable and accrued expenses | $1,326,494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,201,895 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,784,226 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,312,615 |
| Net assets without donor restrictions | -$1,737,275 |
| 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 | $23,575,340 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Voyage Senior Living has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Willow Health Care Inc Willow Springs, MO | $35,651,940 | $30,612,109 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Lutheran Hillside Village Inc St Louis, MO | $68,145,212 | $21,651,382 |
Lutheran Home For The Aged Cape Girardeau, MO | $28,306,826 | $21,294,278 |
Jewish Home And Care Center Inc Milwaukee, WI | $33,036,142 | $18,800,726 |
Bethany-St Joseph Corp La Crosse, WI | $31,103,859 | $21,334,588 |
Ascension Living St Catherine Laboure Place St Louis, MO | $16,167,450 | $17,791,459 |