Glacier Hills Inc
- Assets
- $103.5m
- Revenue
- $29.7m
- Investments
- $4.2m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/1973
- Data as of
- 06/2021
- EIN
- 38-1891500
Organization Overview
Glacier Hills Inc is located in Ann Arbor, MI. The organization was established in 1973. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glacier Hills 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 06/2021, Glacier Hills Inc generated $29.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $27.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 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
TO PROVIDE A COMPLETE CONTINUUM OF LONG TERM CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLACIER HILLS IN ANN ARBOR IS A SENIOR LIVING COMMUNITY LOCATED IN ANN ARBOR. A CONTINUUM OF CARE OPTIONS ARE OFFERED. SINCE 1973 GLACIER HILLS HAS BOTH PIONEERED AND CONTINUALLY RENEWED ITS COMMITMENT TO OFFER A PREMIER SENIOR LIFESTYLE THROUGH TRANSFORMATIVE CHANGE. THE COMMUNITY CONSISTS OF INDEPENDENT LIVING APARTMENTS AND VILLAS, ASSISTED LIVING APARTMENTS AND SKILLED NURSING BEDS, OUTPATIENT REHABILITATION, AND A WELLNESS FITNESS CENTER. SPECIFICALLY GLACIER HILLS OFFERS THE FOLLOWING:- THE MEADOWS WHICH HAS 90 INDEPENDENT LIVING VILLA AND APARTMENT HOMES OFFER THE ULTIMATE IN WORRY-FREE, MAINTENANCE-FREE LIVING- THE MANOR WHICH HAS 129 INDEPENDENT LIVING/ASSISTED LIVING APARTMENTS - EVA'S HOUSE AND THE LIFE ENRICHMENT CENTER WHICH HAS 36 MEMORY CARE ASSISTED LIVING APARTMENTS - REHABILITATION CENTER, NORTH AND SOUTH PAVILIONS WHICH HAS 161 SKILLED NURSING BEDSPLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.GLACIERHILLS.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Stevens Regional Dir Quality & Risk Mang | 50 | $144,054 | |
Jamie Lalonde Administrator Of Resident Services | 50 | $103,748 | |
Dale Berry Director; Chair; Regional VP | OfficerTrustee | 1 | $58,287 |
Alonzo Lewis Director ; Secretary ; Sjmhs SVP Ops | OfficerTrustee | 1 | $0 |
Craig Courts Director; President Thru 06/21 | OfficerTrustee | 1 | $0 |
George Borel Director; Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omnicare Of Southern Michigan Pharmacy Services | 6/29/21 | $592,264 |
Unidine Corporation Dietary Services | 6/29/21 | $884,249 |
Cardinal Health Pharm & Dist Pharmaceuti Pharmacy Services | 6/29/21 | $527,826 |
Select Rehabilitation Llc Rehab Services | 6/29/21 | $1,570,815 |
Perkins Eastman Architects Dpc Construction | 6/29/21 | $515,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,348,819 |
| 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 | $1,348,819 |
| Total Program Service Revenue | $24,074,113 |
| Investment income | $853,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,764 |
| Net Gain/Loss on Asset Sales | $2,456,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,695,387 |
| 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. | $334,491 |
| Compensation of current officers, directors, key employees. | $334,491 |
| Compensation to disqualified persons | $273,393 |
| Other salaries and wages | $9,371,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,417,740 |
| Payroll taxes | $912,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,140 |
| Fees for services: Accounting | $73,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,114 |
| Fees for services: Other | $2,775,083 |
| Advertising and promotion | $62,824 |
| Office expenses | $289,157 |
| Information technology | $27,015 |
| Royalties | $0 |
| Occupancy | $2,363,724 |
| Travel | $8,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,875 |
| Interest | $516,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,159,409 |
| Insurance | $249,561 |
| All other expenses | $383,345 |
| Total functional expenses | $26,971,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,489,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,049,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,154 |
| Prepaid expenses and deferred charges | $233,639 |
| Net Land, buildings, and equipment | $50,102,419 |
| Investments—publicly traded securities | $8,765,873 |
| Investments—other securities | $4,199,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,556,036 |
| Total assets | $103,518,556 |
| Accounts payable and accrued expenses | $2,441,274 |
| Grants payable | $0 |
| Deferred revenue | $47,497,081 |
| Tax-exempt bond liabilities | $20,040,000 |
| 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 | $1,821,010 |
| Total liabilities | $71,799,365 |
| Net assets without donor restrictions | $31,719,191 |
| 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 | $103,518,556 |
Grants Awarded
Over the last fiscal year, Glacier Hills Inc has awarded $328,241 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: GENERAL SUPPORT | $318,241 |
ST JOSEPH MERCY ANN ARBOR PURPOSE: SJMH HOLIDAY BALL 2017 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Mcgregor Pace Cleveland, OH | $22,344,459 | $56,283,069 |
Maple Knoll Communities Inc Cincinnati, OH | $123,123,326 | $44,611,272 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |