Christian Rest Home Association
- Assets
- $22.1m
- Revenue
- $14.4m
- Investments
- $11.1m
- Employees
- 351
- Location
- Grand Rapids, MI
- Founding
- 11/1946
- Data as of
- 05/2023
- EIN
- 38-1237795
Organization Overview
Christian Rest Home Association, operating under the name Christian Rest Home, is located in Grand Rapids, MI. The organization was established in 1946. 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 05/2023, Christian Rest Home employed 351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Rest 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 05/2023, Christian Rest Home generated $14.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $15.8m during the year ending 05/2023. 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
PROVIDE SKILLED AND BASIC NURSING CARE, SUPPORTIVE CARE, AND RESIDENTIAL CARE TO ADULT PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SKILLED NURSING SERVICES TO APPROXIMATELY 210 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 80% OF THE INDIVIDUALS ARE MEDICAID RECIPIENTS, HAVING EXHAUSTED THEIR FINANCIAL RESOURCES. 5% OF THE INDIVIDUALS RECEIVED REHABILITATION SERVICES UNDER MEDICARE/MEDICARE ADVANTAGE AND 15% OF THE INDIVIDUALS WERE SELF OR PRIVATE PAY.
PROVIDED ASSISTED LIVING SERVICES TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. INDIVIDUALS MAY RECEIVE DISCOUNTED SERVICES IF THEY EXHAUST THEIR FINANCIAL RESOURCES. THE DISCOUNT GIVEN WOULD BE BASED ON THE INDIVIDUAL'S MONTHLY INCOME. THE REDUCTION IN MONTHLY FEES TYPICALLY RANGE FROM 30-70% FROM STATED RATES. THIS FISCAL YEAR ALL THE INDIVIDUALS WERE SELF OR PRIVATE PAY.
PROVIDED SENIOR HOUSING TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 5% OF THE INDIVIDUALS RECEIVED DISCOUNTED SERVICES BECAUSE THEY EXHAUSTED THEIR FINANCIAL RESOURCES. THE DISCOUNT GIVEN WAS BASED ON THE INDIVIDUAL'S MONTHLY INCOME. THE REDUCTION IN MONTHLY FEES RANGED FROM 10-30% FROM STATED RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Verhey President | OfficerTrustee | 0.4 | $0 |
Renz Verbeek Vice President | OfficerTrustee | 0.4 | $0 |
Julie Spaans Secretary | OfficerTrustee | 0.4 | $0 |
Tom Bont Treasurer - Part Year | OfficerTrustee | 0.1 | $0 |
Martin Faasse Treasurer | OfficerTrustee | 0.4 | $0 |
Michael Billingsley Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Food Service Management | 5/30/23 | $902,315 |
Select Rehabilitation Llc Therapy Services | 5/30/23 | $212,935 |
Qci Healthcare Staffing Agency | 5/30/23 | $408,697 |
Clm Interprises Inc Staffing Agency | 5/30/23 | $169,704 |
Maxim Healthcare Staffing Services Inc Staffing Agency | 5/30/23 | $164,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $807,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,476,887 |
| Total Program Service Revenue | $12,330,034 |
| Investment income | $371,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,884 |
| Net Gain/Loss on Asset Sales | -$90,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,351,297 |
| 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. | $401,858 |
| Compensation of current officers, directors, key employees. | $401,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,292,305 |
| Pension plan accruals and contributions | $200,873 |
| Other employee benefits | $880,977 |
| Payroll taxes | $669,155 |
| Fees for services: Management | $353,454 |
| Fees for services: Legal | $23,621 |
| Fees for services: Accounting | $127,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,023,799 |
| Advertising and promotion | $14,526 |
| Office expenses | $189,215 |
| Information technology | $40,392 |
| Royalties | $0 |
| Occupancy | $491,134 |
| Travel | $4,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,964 |
| Insurance | $110,903 |
| All other expenses | $20,000 |
| Total functional expenses | $15,763,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,242,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $896,950 |
| 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 | $444,022 |
| Net Land, buildings, and equipment | $3,495,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,119,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,949,626 |
| Total assets | $22,146,927 |
| Accounts payable and accrued expenses | $880,361 |
| Grants payable | $0 |
| Deferred revenue | $33,053 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $419,298 |
| Total liabilities | $1,332,712 |
| Net assets without donor restrictions | $20,814,215 |
| 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 | $22,146,927 |