Resthaven
- Assets
- $54.0m
- Revenue
- $26.9m
- Investments
- $522.5k
- Employees
- 661
- Location
- Holland, MI
- Founding
- 09/1948
- Data as of
- 12/2022
- EIN
- 38-1387113
Organization Overview
Resthaven, operating under the name Resthaven Care Community, is located in Holland, MI. The organization was established in 1948. 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 12/2023, Resthaven Care Community employed 661 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resthaven Care Community 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, Resthaven Care Community generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $25.2m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTHAVEN'S MISSION IS TO GLORIFY GOD BY PROVIDING A CONTINUUM OF QUALITY CARE AND SERVICES THAT DEMONSTRATES THE LOVE AND COMPASSION OF JESUS CHRIST.
Describe the Organization's Program Activity:
RESTHAVEN CARE CENTER - PROVIDES MEDICAL REHABILITATION, LONG-TERM CARE SERVICES, AND MEMORY SUPPORT FOR SENIORS IN HOLLAND, MI. SERVING AN AVERAGE OF 137 RESIDENTS PER DAY. THE CARE AND SERVICES ARE PROVIDED IN A COMFORTABLE, HOME-LIKE SURROUNDING, INCLUDING TWO SMALL HOUSE MODELS OF 10 RESIDENTS EACH. THE INDIVIDUAL'S PHYSICAL, SPIRITUAL, AND SOCIAL NEEDS ARE SUPPORTED. RESTHAVEN CARE CENTER PROVIDES SERVICES TO THOSE WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. MEDICAID ELIGIBLE RESIDENTS ACCOUNT FOR APPROXIMATELY 70.8% OF THE CENSUS. THE ORGANIZATION PROVIDES UNCOMPENSATED COST OF PRIVATE ROOMS TO MANY OF THOSE ON MEDICAID AND A HIGHER STAFFING RATIO OF CAREGIVERS THAN MANDATED BY MEDICAID TO PROMOTE PERSON-CENTERED CARE FOR RESIDENTS.
OTHER SERVICES
RESTHAVEN MAPLE WOODS - AN AFFORDABLE ASSISTED LIVING FACILITY THAT PROVIDES SENIORS WITH 3 MEALS PER DAY, SOCIAL OPPORTUNITIES AND A SUPERVISED ENVIRONMENT TO PROMOTE THEIR HIGHEST LEVEL OF INDEPENDENCE, WHILE PROVIDING SUPPORTS NEEDED TO HELP THEM REMAIN IN THE COMMUNITY. MAPLE WOODS PROVIDES UNCOMPENSATED SERVICES TO THOSE ON MEDICAID AND THOSE RECEIVING SUPPLEMENTAL SOCIAL SECURITY INCOME, APPROXIMATELY 21.4% OF RESIDENTS AT THIS TIME. DUE TO ITS AFFORDABILITY, RESTHAVEN IS ABLE TO SERVE MANY RESIDENTS WITH INCOMES OF 50% AMI OR LESS AT MAPLE WOODS. THERE IS ALSO A SEPARATE 24-BED SMALL HOUSE MODEL ASSISTED LIVING ON THE MAPLE WOODS CAMPUS.
THE WARM FRIEND- AN INDEPENDENT LIVING FACILITY WITH 59 APARTMENTS FOR SENIORS, SERVING APPROXIMATELY 66 RESIDENTS. THE WARM FRIEND PROVIDES LIFE ENRICHMENT, DINING OPTIONS AND 24 HR ONSITE STAFF TO HELP SENIORS REMAIN INDEPENDENT IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Baumann Board Chair | OfficerTrustee | 1 | $0 |
Bob Carlson Board Treasurer | OfficerTrustee | 1 | $0 |
Kevin Vanderklok Board Secretary | OfficerTrustee | 1 | $0 |
David Lutz Trustee | Trustee | 1 | $0 |
Kaitlin Demaagd Trustee | Trustee | 1 | $0 |
Haans Mulder Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elzinga & Volkers Inc Construction Company | 12/30/22 | $1,273,503 |
Thw Design Architect | 12/30/22 | $1,357,340 |
Dhe Plumbing And Mechanical Plumbing | 12/30/22 | $625,419 |
Functional Pathways Physical Therapy | 12/30/22 | $569,420 |
Wit & Craft Advertising | 12/30/22 | $294,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $838,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $735,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,804 |
| Total Program Service Revenue | $24,894,846 |
| Investment income | $260,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,224 |
| Net Gain/Loss on Asset Sales | $24,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,895,670 |
| 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. | $473,625 |
| Compensation of current officers, directors, key employees. | $473,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,771,179 |
| Pension plan accruals and contributions | $185,868 |
| Other employee benefits | $1,398,064 |
| Payroll taxes | $979,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,885 |
| Fees for services: Accounting | $69,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325,620 |
| Advertising and promotion | $346,708 |
| Office expenses | $238,153 |
| Information technology | $318,949 |
| Royalties | $0 |
| Occupancy | $1,622,561 |
| Travel | $22,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,681,134 |
| Insurance | $236,594 |
| All other expenses | $0 |
| Total functional expenses | $25,243,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $10,278,726 |
| Pledges and grants receivable | $235,547 |
| Accounts receivable, net | $2,346,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,306 |
| Prepaid expenses and deferred charges | $191,376 |
| Net Land, buildings, and equipment | $26,526,744 |
| Investments—publicly traded securities | $7,477,180 |
| Investments—other securities | $522,455 |
| Investments—program-related | $0 |
| Intangible assets | $160,000 |
| Other assets | $6,253,843 |
| Total assets | $54,017,067 |
| Accounts payable and accrued expenses | $8,943,493 |
| Grants payable | $0 |
| Deferred revenue | $3,298,672 |
| Tax-exempt bond liabilities | $9,819,129 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $359,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,724,950 |
| Total liabilities | $28,146,104 |
| Net assets without donor restrictions | $25,601,017 |
| Net assets with donor restrictions | $269,946 |
| 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 | $54,017,067 |