Hillcrest Home Inc
- Assets
- $4.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 109
- Location
- Sumner, IA
- Founding
- 02/1966
- Data as of
- 12/2021
- EIN
- 42-0892136
Organization Overview
Hillcrest Home Inc is located in Sumner, IA. The organization was established in 1966. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hillcrest Home Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillcrest Home Inc 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 12/2021, Hillcrest Home Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF HILLCREST HOME, INC. TO HELP OLDER PEOPLE LIVE TO THEIR HIGHEST POTENTIAL WHEN THEY CAN NO LONGER ACHIEVE THAT POTENTIAL BY THEMSELVES. WE CARE FOR THOSE YOU LOVE AS WE STRIVE TO SERVE INDIVIDUALS WITHOUT DISCRIMINATION BUT WITH KEEN RECOGNITION OF EACH'S INDIVIDUAL'S PRIVACY, DIGNITY, WORTH, AND WHOLENESS. HILLCREST HOME IS DEDICATED TO HELP THESE PEOPLE MAINTAIN AND ACHIEVE THE HIGHEST LEVEL OF PHYSICAL, SOCIAL AND EMOTIONAL HEALTH BY PROVIDING NURSING CARE AND INDEPENDENT LIVING WITHIN OUR FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HILLCREST HOMES, INC. OPERATES A SENIOR LIVING CAMPUS WITH 61-BED NURSING FACILITY BEDS, 16 ASSISTED LIVING APARTMENTS AND 7 INDEPENDENT LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bock President | OfficerTrustee | 2 | $0 |
Kendra Rochford Treasurer | OfficerTrustee | 2 | $0 |
Bill Schwake Director | Trustee | 2 | $0 |
Nancy Meyer Director | Trustee | 2 | $0 |
Margaret Teeling Director | Trustee | 2 | $0 |
Jane Tucker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,500 |
| Government grants | $621,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,450 |
| Total Program Service Revenue | $4,132,387 |
| Investment income | $411 |
| 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 | $4,788,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,337,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $262,001 |
| Payroll taxes | $165,380 |
| Fees for services: Management | $0 |
| 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 | $1,001,877 |
| Advertising and promotion | $13,623 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,475 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,782 |
| Insurance | $90,940 |
| All other expenses | $0 |
| Total functional expenses | $5,151,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,329 |
| 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 | $13,349 |
| Net Land, buildings, and equipment | $3,677,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,097,126 |
| Accounts payable and accrued expenses | $590,828 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,427,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,018,307 |
| Net assets without donor restrictions | $78,819 |
| 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 | $4,097,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hillcrest Home Inc has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |