Meadowlark Retirement Village
- Assets
- $6.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 72
- Location
- Grand Rapids, MI
- Founding
- 09/1998
- Data as of
- 06/2022
- 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 06/2022, Meadowlark Retirement Village employed 72 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 06/2022, Meadowlark Retirement Village generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 7.5% 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
WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Fetyko Umrc CEO | Officer | 2 | $0 |
Lori Poter Umrc COO | Officer | 2 | $0 |
Kim Hoppe Umrc CFO | Officer | 2 | $0 |
Nicole Maag Umrc Chief Of Residential Services | Officer | 2 | $0 |
Bruce Lyon Executive Director -Cook Valley & Meadowlark | Officer | 25 | $59,975 |
Michael Fritz Board Trustee/treasurer | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Food Supplier | 6/29/17 | $138,812 |
The Christman Contstruction Company Construction Company | 6/29/17 | $938,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $99,794 |
| Government grants | $57,702 |
| 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 | $157,496 |
| Total Program Service Revenue | $2,410,775 |
| Investment income | $698 |
| 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 | $2,568,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,160 |
| 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 | $1,326,096 |
| Pension plan accruals and contributions | $28,256 |
| Other employee benefits | $272,528 |
| Payroll taxes | $98,933 |
| Fees for services: Management | $379,380 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,430 |
| Travel | $3,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,191 |
| Interest | $108,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $567,036 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,239,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,822 |
| 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 | $6,272,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,672 |
| Total assets | $6,472,019 |
| Accounts payable and accrued expenses | $357,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,403,292 |
| 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 | $1,718,508 |
| Total liabilities | $4,479,315 |
| Net assets without donor restrictions | $1,992,704 |
| 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 | $6,472,019 |