Heritage Homes Inc
- Assets
- $3.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 157
- Location
- Holland, MI
- Founding
- 09/1978
- Data as of
- 09/2021
- EIN
- 38-2128564
Organization Overview
Heritage Homes Inc is located in Holland, MI. The organization was established in 1978. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2023, Heritage Homes Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Homes 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 09/2021, Heritage Homes Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
PROVIDE AFFORDABLE AND DECENT HOUSING AND SUPPORTS FOR PERSONS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADULT FOSTER CARE. THIS SPECIALIZED CARE WAS AVAILABLE IN 4 HOMES FOR UP TO 24 RESIDENTS, 24 HOURS PER DAY, 7 DAYS PER WEEK.
OTHER PROGRAM SERVICES INCLUDE DEVELOPING, MANAGING AND RENTING AFFORDABLE HOUSING FOR LOW INCOME PEOPLE WITH SPECIAL NEEDS, INCLUDING THOSE WHO ARE HOMELESS AND PEOPLE WITH DISABILITIES.
PROVIDE COMMUNITY LIVING SUPPORTS TO INDIVIDUALS IN THE COMMUNITY. THIS CARE VARIES BY THE NEEDS OF THE INDIVIDUALS. WE SERVED 18 INDIVIDUALS DURING THE FISCAL YEAR. WE PROVIDED 10,659 HOURS OF SUPPORT TO INDIVIDUALS IN THE COMMUNITY DURING THE YEAR. PROVIDE 24 HOUR COMMUNITY LIVING SUPPORTS FOR TWO INDIVIDUALS IN A RESIDENTIAL FACILITY, WE PROVIDED 16,724 HOURS OF SUPPORT TO THESE INDIVIDUALS DURING THE YEAR.
PROVIDE SOCIAL RECREATION SERVICES TO INDIVIDUALS BY COORDINATING OR PROVIDING ACTIVITIES IN THE COMMUNITY. WE ALSO PROVIDED VIRTUAL PROGRAMMING TO ACCOMMODATE CLIENTS IN THEIR OWN HOMES. ON AVERAGE 39 CLIENTS WERE SERVED MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Raak Trustee | Trustee | 0.1 | $0 |
Adam Zuwerink Trustee | Trustee | 0.35 | $0 |
Stacy Crowder Tustee Effective 9/2023 | Trustee | 0.15 | $0 |
Gregory Accardo President | OfficerTrustee | 0.35 | $0 |
Jesse Prins Treasurer | OfficerTrustee | 0.35 | $0 |
Dawn Noordijk Executive Director | Officer | 57 | $94,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,467,702 |
| Investment income | $25 |
| 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 | $3,761,739 |
| Statement of Expenses | |
|---|---|
| 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. | $193,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,928,085 |
| Pension plan accruals and contributions | $10,783 |
| Other employee benefits | $121,059 |
| Payroll taxes | $169,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,051 |
| Fees for services: Accounting | $46,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,544 |
| Advertising and promotion | $0 |
| Office expenses | $104,480 |
| Information technology | $8,978 |
| Royalties | $0 |
| Occupancy | $169,550 |
| Travel | $48,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,348 |
| Interest | $2,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,584 |
| Insurance | $47,967 |
| All other expenses | $0 |
| Total functional expenses | $3,155,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,943 |
| 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 | $17,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,410,131 |
| Intangible assets | $0 |
| Other assets | $156,185 |
| Total assets | $3,250,379 |
| Accounts payable and accrued expenses | $198,325 |
| Grants payable | $0 |
| Deferred revenue | $6,425 |
| 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 | $449,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,539 |
| Total liabilities | $655,989 |
| Net assets without donor restrictions | $2,442,127 |
| Net assets with donor restrictions | $152,263 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,594,390 |