Rosebush Interfaith Retirement Community is located in Rosebush, MI. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosebush Interfaith Retirement Community 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 12/2023, Rosebush Interfaith Retirement Community generated $859.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $895.8k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A SENIOR ADULT ASSISTED LIVING FACILITY IN A RURAL ENVIRONMENT SERVING 25 RESIDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dane Clark Director | 1 | $0 | |
Kathleen Mumford Director | 1 | $0 | |
Donna King Director | 1 | $0 | |
Jon Baker Director | 1 | $0 | |
Henry Block Director | 1 | $0 | |
Linda Fabian Vice Chair | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $10,153 |
Interest on Savings | $0 |
Dividends & Interest | $1,891 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$3,086 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $850,526 |
Total Revenue | $859,484 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $61,241 |
Other employee salaries and wages | $437,855 |
Pension plans, employee benefits | $82,373 |
Interest | $0 |
Taxes | $0 |
Depreciation | $83,769 |
Occupancy | $106,193 |
Travel, conferences, and meetings | $2,387 |
Printing and publications | $0 |
Other expenses | $66,294 |
Total operating and administrative expenses | $895,804 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $895,804 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $134,854 |
Savings and temporary cash investments | $363,707 |
Net Accounts receivable | $29,058 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $5,607 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $943,352 |
Other assets | $162,532 |
Total assets | $1,639,110 |
Accounts payable and accrued expenses | $25,327 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $90,323 |
Total liabilities | $115,650 |