Meadowlark Retirement Village
- Assets
- $6.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 83
- Location
- Grand Rapids, MI
- Founding
- 09/1998
- Data as of
- 06/2021
- EIN
- 38-3373281
Organization Overview
Meadowlark Retirement Village is located in Grand Rapids, MI. The organization was established in 1998. 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 06/2021, Meadowlark Retirement Village employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowlark Retirement Village 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 06/2021, Meadowlark Retirement Village generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 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
PROVIDE HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SUPPORT PROGRAMS, GENERAL/OTHER: MEADOWLARK OPERATES ASSISTED LIVING, INDEPENDENT LIVING, AND MEMORY SUPPORT ROOMS
HOUSING SUPPORT PROGRAMS, GENERAL/OTHER: MEADOWLARK OPERATES ASSISTED LIVING, INDEPENDENT LIVING, AND MEMORY SUPPORT ROOMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Wagner Chair | OfficerTrustee | 1 | $0 |
Mike Shore Vice Chair | OfficerTrustee | 1 | $0 |
Jay Wisentaner Secretary | OfficerTrustee | 1 | $0 |
Michael Fritz Treasurer | OfficerTrustee | 1 | $0 |
Steve Fetyko Umrc CEO | Officer | 2 | $0 |
Lori Potter Umrc COO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Christman Contstruction Company Construction Company | 6/29/17 | $938,489 |
Gordon Food Service Food Supplier | 6/29/17 | $138,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $139,278 |
| Government grants | $330,326 |
| 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 | $469,604 |
| Total Program Service Revenue | $2,286,215 |
| Investment income | $0 |
| 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 | $2,755,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $121,244 |
| 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 | $1,195,355 |
| Pension plan accruals and contributions | $12,537 |
| Other employee benefits | $127,045 |
| Payroll taxes | $86,331 |
| Fees for services: Management | $312,298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,017 |
| Advertising and promotion | $7,915 |
| Office expenses | $3,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,441 |
| Travel | $2,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,939 |
| Interest | $88,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,968 |
| Insurance | $23,586 |
| All other expenses | $8,776 |
| Total functional expenses | $2,973,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,371 |
| 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 | $4,282 |
| Net Land, buildings, and equipment | $6,171,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $193,119 |
| Total assets | $6,389,387 |
| Accounts payable and accrued expenses | $219,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,562,440 |
| 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 | $943,492 |
| Total liabilities | $3,725,671 |
| Net assets without donor restrictions | $2,663,716 |
| 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 | $6,389,387 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Meadowlark Retirement Village has recieved totaling $278,556.
| Awarding Organization | Amount |
|---|---|
Porter Hills Foundation Grand Rapids, MI PURPOSE: FOR BENEVOLENT CARE OF RESIDENTS AND OTHER NEEDS FOR WELLNESS CENTERS AND PO | $139,278 |
Porter Hills Foundation Grand Rapids, MI PURPOSE: FOR BENEVOLENT CARE OF RESIDENTS AND OTHER NEEDS FOR WELLNESS CENTERS AND PO | $139,278 |
Endowment Analysis
| Beg. Balance | $8,381,669 |
| Earnings | $277,425 |
| Net Contributions | $2,357,979 |
| Other Expense | $564,697 |
| Ending Balance | $10,452,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunset Retirement Communities Inc Toledo, OH | $108,190,573 | $24,563,176 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Brethren Retirement Community Greenville, OH | $42,948,048 | $21,022,668 |
Friendship Village Of Columbus Ohio Inc Columbus, OH | $29,113,635 | $19,234,809 |
Trinity Continuing Care Services Indiana Inc Farmington Hills, MI | $52,731,208 | $17,209,435 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |
South Franklin Circle Chagrin Falls, OH | $119,628,647 | $17,611,481 |
Franklin United Methodist Home Inc Franklin, IN | $75,232,007 | $21,825,584 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
St Edward Home Fairlawn, OH | $30,387,344 | $18,520,836 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |