Botsford Continuing Care Corporation
- Assets
- $28.9m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 173
- Location
- Southfield, MI
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 38-2549505
Organization Overview
Botsford Continuing Care Corporation, operating under the name Beaumont Commons Farmington Hills, is located in Southfield, MI. The organization was established in 1984. 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 12/2022, Beaumont Commons Farmington Hills employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaumont Commons Farmington Hills 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 12/2021, Beaumont Commons Farmington Hills generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $18.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKILLED NURSING UNIT (SNF) IS A 179-BED FACILITY. THE ASSISTED LIVING FACILITY IS A 63-BED FACILITY. IT IS A SAFE AND SUPPORTIVE ENVIRONMENT FOR OLDER ADULTS NEEDING SOME ASSISTANCE WITH THEIR DAILY ROUTINE. THE CENTER FEATURES RESIDENTIAL SUITES WITH PRIVATE BATHS AND GENEROUS LIVING SPACE FOR TREASURED PERSONAL FURNISHINGS. EACH IS EASILY ACCESSIBLE TO COMMUNITY LIVING, DINING, AND SOCIAL AREAS. THE INDEPENDENT LIVING APARTMENT IS A 51-APARTMENT FACILITY. EACH APARTMENT IS WHEELCHAIR ACCESSIBLE AND HAS ILLUMINATED THERMOSTATS. EACH APARTMENT INCLUDES COMPLETE KITCHEN AND LAUNDRY FACILITIES AND INCLUDES ACCESS TO ADJACENT TOWN COMMONS BUILDING. THE TOWN COMMONS BUILDING INCLUDES DINING SERVICES, A POOL, EXERCISE ROOM, AND LIBRARY WITH MEDIA SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Director/president/secretary | OfficerTrustee | 50 | $272,375 |
Name Not Listed Director/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed CEO | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ready Nursing Solutions Nursing Services | 12/30/22 | $2,702,934 |
Medical Solutions Llc Nurse Staffing Services | 12/30/22 | $1,456,840 |
Morrison Management Specialists Inc Food Service Staffing | 12/30/22 | $2,180,665 |
Fairview Construction Services Llc Construction Management Services | 12/30/22 | $579,529 |
Select Rehabilitation Inc Therapy Services | 12/30/22 | $497,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,830 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,761 |
| Net Gain/Loss on Asset Sales | -$662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,440,460 |
| 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. | $348,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,956,100 |
| Pension plan accruals and contributions | $306,900 |
| Other employee benefits | $1,294,101 |
| Payroll taxes | $484,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187,668 |
| Fees for services: Accounting | $89,530 |
| Fees for services: Lobbying | $1,395 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,730,421 |
| Advertising and promotion | $29,587 |
| Office expenses | $96,148 |
| Information technology | $24,421 |
| Royalties | $0 |
| Occupancy | $741,149 |
| Travel | $1,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,564 |
| Interest | $378,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,090,308 |
| Insurance | $178,765 |
| All other expenses | $0 |
| Total functional expenses | $18,116,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,087,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,058 |
| Prepaid expenses and deferred charges | $170,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,850,593 |
| Accounts payable and accrued expenses | $1,499,167 |
| Grants payable | $0 |
| Deferred revenue | $206,759 |
| 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 | $75,875,629 |
| Total liabilities | $77,581,555 |
| Net assets without donor restrictions | -$48,854,050 |
| Net assets with donor restrictions | $123,088 |
| 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 | -$48,730,962 |