Thumb Area Enterprises
- Assets
- $0.0
- Revenue
- $464.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Cass City, MI
- Founding
- 12/1985
- Data as of
- 12/2022
- EIN
- 38-2628943
Organization Overview
Thumb Area Enterprises, operating under the name Northwood Meadows, is located in Cass City, MI. The organization was established in 1985. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Northwood Meadows employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwood Meadows 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 12/2022, Northwood Meadows generated $464.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $487.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIVING ACCOMMODATIONS FOR ASSISTED LIVING AND DEMENTIA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWOOD MEADOWS INDEPENDENT/ASSISTED LIVING APARTMENTS PROVIDE HOUSING FOR THOSE OVER 65 YEARS OLD WHO EITHER REQUIRE SOME ASSISTANCE OR DESIRE TO NO LONGER LIVE ALONE YET DO NOT REQUIRE NURSING HOME CARE. THE ONE BEDROOM AND STUDIO APARTMENTS HAVE A 24 HOUR EMERGENCY CALL SYSTEM. SERVICES INCLUDE MEAL PROGRAMS, LIGHT HOUSEKEEPING, SOCIAL ACTIVITIES AND SOME NURSING SERVICES. THE MISSION OF THE NORTHWOOD MEADOWS MEDICAL/DEMENTIA CARE CENTER IS TO PROVIDE A SECURE AND NURTURING RESIDENTIAL ENVIRONMENT IN WHICH TO CARE FOR ADULTS LIVING WITH A FORM OF DEMENTIA. THIS CENTER ALSO ASSISTS THOSE WHO JUST NEED PHYSICAL ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. NORTHWOODS MEADOWS IS LICENSED AS AN ADULT FOSTER CARE FACILITY AND THE FOCUS OF CARE IS ON RESIDENTS WHO ARE MEDICALLY STABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Curtis President Of The Board | OfficerTrustee | 4 | $0 |
Danny Haag Vice President | OfficerTrustee | 4 | $0 |
Judy Brown Secretary/treasurer | OfficerTrustee | 4 | $0 |
Carol Starling Od Trustee | Trustee | 2 | $0 |
Jim Luth Trustee | Trustee | 2 | $0 |
Rachel Estelle Trustee | Trustee | 2 | $0 |
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 | $1,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680 |
| Total Program Service Revenue | $462,995 |
| Investment income | $2 |
| 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 | $464,677 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,202 |
| Pension plan accruals and contributions | $8,540 |
| Other employee benefits | $26,946 |
| Payroll taxes | $21,017 |
| Fees for services: Management | $6,340 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76 |
| Advertising and promotion | $2,227 |
| Office expenses | $24,561 |
| Information technology | $1,457 |
| Royalties | $0 |
| Occupancy | $22,255 |
| Travel | $604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,506 |
| Insurance | $0 |
| All other expenses | $1,561 |
| Total functional expenses | $487,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |