Northpointe Woods
- Assets
- $8.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 94
- Location
- Battle Creek, MI
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 38-3370058
Organization Overview
Northpointe Woods is located in Battle Creek, MI. The organization was established in 1998. 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 12/2022, Northpointe Woods employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northpointe Woods 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, Northpointe Woods generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SENIOR LIVING COMMUNITY FOR INDEPENDENT INDIVIDUALS AND THOSE REQUIRING ASSISTED LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SENIOR RESIDENCE CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherii Sherban Chair | OfficerTrustee | 4 | $0 |
Jim Baldwin Vice Chair | OfficerTrustee | 4 | $0 |
Annette Chapman Secretary | OfficerTrustee | 4 | $0 |
Glin Winsor Treasurer | OfficerTrustee | 4 | $0 |
Jim Reed Director | Trustee | 4 | $0 |
Jamie Schook Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Services Llc Facility Management | 12/30/22 | $487,641 |
Sysco Grand Rapids Food Supplies | 12/30/22 | $238,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,348 |
| Total Program Service Revenue | $4,377,126 |
| Investment income | $275 |
| 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 | $4,627,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,185 |
| Compensation of current officers, directors, key employees. | $109,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,699,471 |
| Pension plan accruals and contributions | $7,013 |
| Other employee benefits | $116,606 |
| Payroll taxes | $150,104 |
| Fees for services: Management | $230,986 |
| Fees for services: Legal | $1,455 |
| Fees for services: Accounting | $54,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,569 |
| Advertising and promotion | $121,570 |
| Office expenses | $32,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $846,195 |
| Travel | $16,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,855 |
| Interest | $96,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $443,098 |
| Insurance | $104,368 |
| All other expenses | $121,680 |
| Total functional expenses | $4,855,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $748,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,248 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,425 |
| Prepaid expenses and deferred charges | $69,968 |
| Net Land, buildings, and equipment | $6,584,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $806,462 |
| Total assets | $8,239,321 |
| Accounts payable and accrued expenses | $556,919 |
| Grants payable | $0 |
| Deferred revenue | $145,909 |
| Tax-exempt bond liabilities | -$16,316 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,978,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,664,883 |
| Net assets without donor restrictions | $5,367,798 |
| Net assets with donor restrictions | $206,640 |
| 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 | $8,239,321 |