Henry Ford Village Inc
- Assets
- $17.1m
- Revenue
- $85.0m
- Investments
- $0.0
- Employees
- 502
- Location
- Dearborn, MI
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 38-3087328
Organization Overview
Henry Ford Village Inc is located in Dearborn, MI. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Henry Ford Village Inc employed 502 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry Ford 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 12/2021, Henry Ford Village Inc generated $85.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $43.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF HEALTH FOR THE ELDERLY BY PROVIDING A CONTINUING CARE RESIDENTIAL COMMUNITY IN DEARBORN, MI WITH RECREATION, SOCIAL, AND RELIGIOUS ACTIVITIES FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENRY FORD VILLAGE, INC. IS A MICHIGAN NON-STOCK CORPORATION ESTABLISHED TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN DEARBORN, MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kushant Shah Director Of Finance | Officer | 40 | $100,883 |
Bruce Blalock Executive Director | Officer | 40 | $0 |
John Byrne Board Chairman | Officer | 4 | $0 |
Donald Jesmore Board Vice Chairman | Officer | 4 | $0 |
Curt Yun Secretary/treasurer | Officer | 4 | $0 |
Dr Walter Talamonti Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Capital Markets Llc M&a Advisory Services | 12/30/21 | $1,915,485 |
Fti Consulting Inc Bankruptcy Advisory Services | 12/30/21 | $3,485,225 |
Gordon Food Service Inc Food And Kitchen Supplies | 12/30/21 | $1,488,176 |
Dykema Gossett Pllc Bankruptcy Advisory Services | 12/30/21 | $1,469,841 |
Abm Healthcare Support Services Inc Management Services | 12/30/21 | $918,796 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,180,838 |
| Investment income | $19,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,224,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,991,852 |
| 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. | $104,822 |
| Compensation of current officers, directors, key employees. | $19,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,827,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,022,615 |
| Payroll taxes | $657,084 |
| Fees for services: Management | $3,321,267 |
| Fees for services: Legal | $10,765 |
| 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 | $11,717,592 |
| Advertising and promotion | $894,807 |
| Office expenses | $0 |
| Information technology | $149,618 |
| Royalties | $0 |
| Occupancy | $3,228,358 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,170,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,658,485 |
| Insurance | $984,660 |
| All other expenses | $0 |
| Total functional expenses | $43,392,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,579,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,597 |
| 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 | $720,833 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,808,428 |
| Total assets | $17,115,339 |
| Accounts payable and accrued expenses | $8,316,680 |
| Grants payable | $0 |
| Deferred revenue | $214,119 |
| 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 | $47,120,101 |
| Total liabilities | $55,650,900 |
| Net assets without donor restrictions | -$80,139,560 |
| Net assets with donor restrictions | $41,603,999 |
| 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 | $17,115,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henry Ford Village Inc has recieved totaling $253.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $253 |
Endowment Analysis
| Beg. Balance | $4,169 |
| Other Expense | $4,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Mcgregor Pace Cleveland, OH | $22,344,459 | $56,283,069 |
Maple Knoll Communities Inc Cincinnati, OH | $123,123,326 | $44,611,272 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |