Thurston Woods Village Inc
- Assets
- $18.8m
- Revenue
- $10.7m
- Investments
- $290.0k
- Employees
- 225
- Location
- Sturgis, MI
- Founding
- 06/1985
- Data as of
- 03/2022
- EIN
- 38-2591250
Organization Overview
Thurston Woods Village Inc is located in Sturgis, MI. The organization was established in 1985. 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 03/2022, Thurston Woods Village Inc employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thurston Woods Village 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 03/2022, Thurston Woods Village Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $10.5m during the year ending 03/2022. 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
TEAMING TOGETHER - RESIDENTS, FAMILIES AND ASSOCIATES, AND OUR COMMUNITY, WORKING TO PROVIDE RESPONSIBLE HEALTHCARE AND SERVICES, VALUING EVERY INDIVIDUAL IN THE SPIRIT OF CHRISTIAN LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME & ASSISTED LIVING FOR THE AGED OF THE STURGIS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Stoll CEO | Officer | 40 | $154,486 |
Marcus Gauthier CFO | Officer | 40 | $97,690 |
Debora Capman Chairperson | OfficerTrustee | 1 | $0 |
Marlene Kroeker Vice Chair/secretary | OfficerTrustee | 1 | $0 |
John Dresser Director | Trustee | 1 | $0 |
Pam Keeslar Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shawnee Construction & Engineering Inc Construction | 3/30/16 | $1,223,045 |
James Ware Construction Inc Construction | 3/30/16 | $187,500 |
Schrock Commercial Construction | 3/30/16 | $495,522 |
Mkm Architecture & Design Inc Construction Admin | 3/30/16 | $155,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,357 |
| Total Program Service Revenue | $10,430,535 |
| Investment income | $75,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,721,839 |
| 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. | $269,040 |
| Compensation of current officers, directors, key employees. | $269,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,116,071 |
| Pension plan accruals and contributions | $148,984 |
| Other employee benefits | $722,273 |
| Payroll taxes | $352,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $868 |
| Fees for services: Accounting | $59,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,106 |
| Fees for services: Other | $39,315 |
| Advertising and promotion | $35,460 |
| Office expenses | $115,608 |
| Information technology | $96,514 |
| Royalties | $0 |
| Occupancy | $707,898 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $849,017 |
| Insurance | $203,097 |
| All other expenses | $145,761 |
| Total functional expenses | $10,513,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $1,405,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,449,996 |
| 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 | $130,605 |
| Net Land, buildings, and equipment | $12,822,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $290,033 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,693,248 |
| Total assets | $18,792,161 |
| Accounts payable and accrued expenses | $864,231 |
| Grants payable | $0 |
| Deferred revenue | $2,151,892 |
| Tax-exempt bond liabilities | $6,301,608 |
| 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 | $2,431,397 |
| Total liabilities | $11,749,128 |
| Net assets without donor restrictions | $6,974,944 |
| Net assets with donor restrictions | $68,089 |
| 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 | $18,792,161 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thurston Woods Village Inc has recieved totaling $48,084.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $38,055 |
Mohney Foundation Sturgis, MI PURPOSE: UNRESTRICTED | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Westminster Village North Inc Indianapolis, IN | $65,231,339 | $24,703,425 |
Uvmc Nursing Care Inc Dayton, OH | $28,595,230 | $22,808,264 |
Jewish Home And Care Center Inc Milwaukee, WI | $33,036,142 | $18,800,726 |
Marwood Manor Nursing Home Port Huron, MI | $35,416,366 | $24,316,598 |
Bethany-St Joseph Corp La Crosse, WI | $31,103,859 | $21,334,588 |
Indianapolis Jewish Home Inc Hooverwood Indianapolis, IN | $50,044,251 | $22,178,302 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |