Thurston Woods Village Inc
- Assets
- $19.1m
- Revenue
- $11.4m
- Investments
- $313.9k
- Employees
- 276
- Location
- Sturgis, MI
- Founding
- 06/1985
- Data as of
- 03/2023
- 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 03/2023, Thurston Woods Village Inc employed 276 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 03/2023, Thurston Woods Village Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.9m during the year ending 03/2023. 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debora Capman Chairperson | OfficerTrustee | 1 | $0 |
Marlene Kroeker Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Kimberlee Bontrager Director | Trustee | 1 | $0 |
Greg Blucker Director | Trustee | 1 | $0 |
Janet Byler Director | Trustee | 1 | $0 |
Ned Haylett 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 |
Mkm Architecture & Design Inc Construction Admin | 3/30/16 | $155,196 |
Schrock Commercial Construction | 3/30/16 | $495,522 |
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 | $251,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,058 |
| Total Program Service Revenue | $10,864,090 |
| Investment income | $88,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $236,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,440,366 |
| 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. | $278,576 |
| Compensation of current officers, directors, key employees. | $278,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,165,184 |
| Pension plan accruals and contributions | $160,882 |
| Other employee benefits | $619,050 |
| Payroll taxes | $370,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,955 |
| Fees for services: Accounting | $48,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,680 |
| Fees for services: Other | $154,468 |
| Advertising and promotion | $26,349 |
| Office expenses | $92,010 |
| Information technology | $31,728 |
| Royalties | $0 |
| Occupancy | $821,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $189,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $828,388 |
| Insurance | $221,930 |
| All other expenses | $179,652 |
| Total functional expenses | $10,944,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $2,533,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,034,265 |
| 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 | $77,927 |
| Net Land, buildings, and equipment | $12,344,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $313,872 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,785,537 |
| Total assets | $19,090,757 |
| Accounts payable and accrued expenses | $837,505 |
| Grants payable | $0 |
| Deferred revenue | $2,578,485 |
| Tax-exempt bond liabilities | $5,532,089 |
| 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 | $3,094,937 |
| Total liabilities | $12,043,016 |
| Net assets without donor restrictions | $6,937,606 |
| Net assets with donor restrictions | $110,135 |
| 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 | $19,090,757 |