Good Neighbor Society
- Assets
- $17.4m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 272
- Location
- Manchester, IA
- Founding
- 12/2016
- Data as of
- 12/2020
- EIN
- 42-0846668
Organization Overview
Good Neighbor Society is located in Manchester, IA. The organization was established in 2016. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Good Neighbor Society employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Neighbor Society 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 12/2020, Good Neighbor Society generated $14.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $13.2m during the year ending 12/2020. While expenses have increased by 4.5% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY WITH SERVICES IN LONGTERM CARE, HOSPICE CARE, MEMORYCARE, POST HOSPITAL REHABILITATION, ASSISTED LIVING, INDEPENDENT LIVING AND ADULT DAY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT COMMUNITY PROVIDING SERVICES OF LONG-TERM CARE, HOSPICE CARE, MEMORY CARE AND POST HOSPITAL REHABILITATION. IN ADDITION, 37 ASSISTED LIVING APARTMENTS AND 16 INDEPENDENT LIVING CONDOS WERE OWNED BY TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Carpenter Ceo/administ | Officer | 40 | $111,739 |
Denise Bishop Secretary | OfficerTrustee | 1 | $0 |
Terry Rauch President | OfficerTrustee | 1 | $0 |
Rachel York Treasurer | OfficerTrustee | 1 | $0 |
Charlie Button Director | Trustee | 1 | $0 |
Tammy Feldmann Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Therapy Service | 12/30/19 | $1,284,782 |
Grapetree Medical Staffing Inc Contracted Cnas | 12/30/19 | $242,115 |
Heims Construction Construction | 12/30/19 | $622,482 |
Opm Architects Architect | 12/30/19 | $193,373 |
Hammer-time Construction Construction | 12/30/19 | $162,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,933,493 |
| Investment income | $42,777 |
| 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 | $14,618,459 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,308,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,325,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,939 |
| Fees for services: Accounting | $53,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,338,787 |
| Advertising and promotion | $40,326 |
| Office expenses | $0 |
| Information technology | $95,371 |
| Royalties | $0 |
| Occupancy | $703,497 |
| Travel | $17,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,824 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,248,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,556,524 |
| Savings and temporary cash investments | $2,242,554 |
| Pledges and grants receivable | $241,774 |
| Accounts receivable, net | $709,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,326 |
| Prepaid expenses and deferred charges | $20,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,932,676 |
| Total assets | $17,383,047 |
| Accounts payable and accrued expenses | $1,680,805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,276,464 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,164,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,879,896 |
| Total liabilities | $8,001,680 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,381,367 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Good Neighbor Society has recieved totaling $563.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $114,310 |
| Earnings | $20,323 |
| Admin Expense | $1,775 |
| Net Contributions | $110 |
| Ending Balance | $132,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Benedictine Health Center Minneapolis, MN | $49,837,016 | $24,199,647 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |