Holland Home
- Assets
- $253.3m
- Revenue
- $69.2m
- Investments
- $0.0
- Employees
- 1,265
- Location
- Grand Rapids, MI
- Founding
- 06/1958
- Data as of
- 12/2022
- EIN
- 38-1366927
Organization Overview
Holland Home is located in Grand Rapids, MI. The organization was established in 1958. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, Holland Home employed 1,265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holland 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 12/2022, Holland Home generated $69.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $74.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NURSING, THERAPY, AND BENEVOLENT SERVICES FOR AGED RESIDENTS IN SKILLED NURSING, MEMORY CARE, ASSISTED LIVING AND INDEPENDENT LIVING CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NURSING AND RESIDENTIAL CARE AT TWO CAMPUSES LOCATED IN GREATER GRAND RAPIDS, MICHIGAN TO AN AVERAGE OF APPROXIMATELY 1,290 RESIDENTS EACH DAY, WITH THE CARE BEING DELIVERED IN SKILLED NURSING (APPROXIMATELY 120 PER DAY), ASSISTED LIVING (APPROXIMATELY 220 PER DAY) AND INDEPENDENT LIVING (APPROXIMATELY 950 PER DAY). OF THE APPROXIMATELY 220 RESIDENTS IN ASSISTED LIVING, THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO APPROXIMATELY 25% OR 60 RESIDENTS ON AVERAGE WHICH AMOUNTS TO $1.8 MILLION IN BENEVOLENCE. IN SKILLED NURSING, THE ORGANIZATION SERVES AN AVERAGE OF 70 RESIDENTS (60%) ON MEDICAID AND 12 RESIDENTS (10%) ON MEDICARE. AMOUNTS RECEIVED FROM MEDICAID DO NOT COVER THE FULL COST OF CARE AND AS A RESULT, THE ORGANIZATION PROVIDES APPROXIMATELY $2.5 MILLION OF UNCOMPENSATED CARE. TOTAL BENEVOLENCE, EITHER THROUGH ASSISTANCE PROVIDED TO THOSE IN ASSISTED LIVING OR THOSE ON MEDICAID RECEIVING CARE IN SKILLED NURSING APPROXIMATED $4.3 MILLION IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Mulder Chief Medical Consultant | 50 | $358,937 | |
Troy Vugteveen CEO & President | OfficerTrustee | 50 | $321,781 |
James Chiavaras Physician, Care Resources | 50 | $281,883 | |
David Tiesenga Chief Strategy Officer | Officer | 50 | $255,554 |
Tracey Mcknight Ceo, Care Resources | 50 | $228,431 | |
Adam Kinder Chief Financial Officer | Officer | 50 | $214,317 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erhardt Construction Co Construction Services | 12/30/22 | $3,909,703 |
Gordon Food Service Food Services | 12/30/22 | $1,886,286 |
Andy J Egan Construction Services | 12/30/22 | $712,964 |
Standale Home Studio Construction Services | 12/30/22 | $667,800 |
Rieth-riley Construction Co Construction Services | 12/30/22 | $675,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $241,249 |
| Related organizations | $0 |
| Government grants | $1,290,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,536,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,068,375 |
| Total Program Service Revenue | $64,621,470 |
| Investment income | $675,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,178 |
| Net Income from Fundraising Events | -$123,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,201,377 |
| 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. | $936,963 |
| Compensation of current officers, directors, key employees. | $936,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,256,567 |
| Pension plan accruals and contributions | $542,388 |
| Other employee benefits | $3,310,913 |
| Payroll taxes | $2,812,023 |
| Fees for services: Management | $253,680 |
| Fees for services: Legal | $70,267 |
| Fees for services: Accounting | $135,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,665 |
| Fees for services: Investment Management | $52,407 |
| Fees for services: Other | $0 |
| Advertising and promotion | $916,223 |
| Office expenses | $3,107,482 |
| Information technology | $743,180 |
| Royalties | $0 |
| Occupancy | $4,473,835 |
| Travel | $325,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,002 |
| Interest | $5,398,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,838,178 |
| Insurance | $678,684 |
| All other expenses | $988,498 |
| Total functional expenses | $74,200,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,953,003 |
| Savings and temporary cash investments | $3,315,719 |
| Pledges and grants receivable | $30,100 |
| Accounts receivable, net | $1,804,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,909,028 |
| Inventories for sale or use | $331,346 |
| Prepaid expenses and deferred charges | $447,129 |
| Net Land, buildings, and equipment | $186,617,521 |
| Investments—publicly traded securities | $11,060,937 |
| Investments—other securities | $0 |
| Investments—program-related | $21,051,519 |
| Intangible assets | $0 |
| Other assets | $17,756,007 |
| Total assets | $253,276,947 |
| Accounts payable and accrued expenses | $9,049,261 |
| Grants payable | $0 |
| Deferred revenue | $48,961,485 |
| Tax-exempt bond liabilities | $117,909,785 |
| 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 | $546,797 |
| Other liabilities | $61,529,237 |
| Total liabilities | $237,996,565 |
| Net assets without donor restrictions | $14,099,737 |
| Net assets with donor restrictions | $1,180,645 |
| 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 | $253,276,947 |