Cherry Street Services Inc
- Assets
- $102.2m
- Revenue
- $91.9m
- Investments
- $613.1k
- Employees
- 1,029
- Location
- Grand Rapids, MI
- Founding
- 05/1989
- Data as of
- 03/2023
- EIN
- 38-2853534
Organization Overview
Cherry Street Services Inc, operating under the name Cherry Health, is located in Grand Rapids, MI. The organization was established in 1989. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 03/2023, Cherry Health employed 1,029 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Health 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, Cherry Health generated $91.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $83.9m during the year ending 03/2023. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
COMPREHENSIVE PRIMARY AND BEHAVIORAL HEALTH CARE WHILE ENCOURAGING ACCESS BY THOSE WHO ARE UNDERSERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE PRIMARY HEALTH CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, HEALTH EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS AND INTEGRATED WITH OTHER COMPONENTS OF A PATIENT'S OVERALL HEALTH.
CORRECTIONS TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE RESIDENTIAL REENTRY AND TRANSITIONAL SERVICES TO THOSE ADULTS RELEASED FROM THE FEDERAL CORRECTIONAL PROGRAMS. VISION TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE VISION CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO VISION CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY AND VISION HEALTH EDUCATION. PHARMACY TO OPERATE A RETAIL PHARMACY FOR THE CONVENIENCE OF OUR PATIENTS AND THE GREATER COMMUNITY
BEHAVIORAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE BEHAVIORAL HEALTH CARE SERVICES (INTEGRATED WITH PHYSICAL HEALTH CARE) TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO BEHAVIORAL HEALTHCARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, INTERDISCIPLINARY TREATMENT, HEALTH EDUCATION AND COLLABORATION WITH OTHER COMMUNITY PARTNERS AND INTEGRATED WITH OTHER COMPONENTS OF A PATIENT'S OVERALL HEALTH.
DENTAL SERVICES - TO PROVIDE THE HIGHEST QUALITY AND MOST EFFECTIVE BEHAVIORAL HEALTH CARE SERVICES TO PEOPLE OF ALL ECONOMIC LEVELS, WITH A SPECIAL SENSITIVITY TO THE NEEDS OF ECONOMICALLY DISADVANTAGED PEOPLE OF DIVERSE CULTURAL BACKGROUNDS, REMOVING BARRIERS TO DENTAL CARE AND PROMOTING PREVENTION, PERSONAL RESPONSIBILITY, AND DENTAL HEALTH EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tasha Blackmon CEO | Officer | 40 | $442,451 |
Jenny Bush Pediatrics D | 40 | $262,712 | |
Joni Van Duinen Pedicatricia | 40 | $255,454 | |
Rebecca Van Valkenburg Obgyn | 40 | $252,097 | |
Timothy Hill Chief Dental | 40 | $212,779 | |
Abha Varma Physician | 40 | $211,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Treatment Solutions Pc Staffing Servic | 3/30/23 | $915,893 |
Dk Security Security | 3/30/23 | $235,312 |
Procare Landscape Management Inc Landscaping | 3/30/23 | $137,662 |
Falcon West Custodial Llc Janitorial | 3/30/23 | $529,696 |
Authority Counseling | 3/30/23 | $137,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $481,684 |
| Government grants | $19,823,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,168,878 |
| Noncash contributions included in lines 1a–1f | $2,965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,473,588 |
| Total Program Service Revenue | $67,519,704 |
| Investment income | $748,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,332 |
| Net Gain/Loss on Asset Sales | $30,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,875,833 |
| 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. | $676,459 |
| Compensation of current officers, directors, key employees. | $676,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,599,072 |
| Pension plan accruals and contributions | $1,174,010 |
| Other employee benefits | $5,405,402 |
| Payroll taxes | $3,205,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,041 |
| Fees for services: Accounting | $209,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,385 |
| Fees for services: Other | $5,818,109 |
| Advertising and promotion | $0 |
| Office expenses | $8,291,446 |
| Information technology | $2,503,459 |
| Royalties | $0 |
| Occupancy | $1,876,415 |
| Travel | $176,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,667 |
| Interest | $661,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,167,969 |
| Insurance | $351,501 |
| All other expenses | $1,646,813 |
| Total functional expenses | $83,933,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,881 |
| Savings and temporary cash investments | $16,864,644 |
| Pledges and grants receivable | $6,666,246 |
| Accounts receivable, net | $21,627,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $383,316 |
| Prepaid expenses and deferred charges | $1,342,154 |
| Net Land, buildings, and equipment | $47,574,103 |
| Investments—publicly traded securities | $4,689,169 |
| Investments—other securities | $613,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,702,068 |
| Total assets | $102,173,616 |
| Accounts payable and accrued expenses | $8,615,053 |
| Grants payable | $0 |
| Deferred revenue | $420,707 |
| 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 | $15,811,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,690,157 |
| Total liabilities | $26,536,982 |
| Net assets without donor restrictions | $75,522,939 |
| Net assets with donor restrictions | $113,695 |
| 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 | $102,173,616 |