Heartwood Heights
- Assets
- $2.0m
- Revenue
- $558.1k
- Investments
- $256.9k
- Employees
- 0
- Location
- Sibley, IA
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 42-1495686
Organization Overview
Heartwood Heights is located in Sibley, IA. The organization was established in 2000. 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. Heartwood Heights 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, Heartwood Heights generated $558.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $603.3k during the year ending 06/2021. While expenses have increased by 8.0% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 22-UNIT SENIOR HOUSING PROJECT FOR THE ELDERLY OF SIBLEY, IOWA AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suellen Schutte Vice President | 1 | $0 | |
Bruce Osterman President | 1 | $0 | |
Rosalie Arends Recording Secretary | 1 | $0 | |
Mary Wagenaar Treasurer | 1 | $0 | |
Holly Wilson Board Member Beg. Nov. 2020 | 1 | $0 | |
Peggi Thies Board Member Until Dec. 2020 | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,729 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,021 |
| Capital Gain Net Income | $9,021 |
| Net ST Capital Gain | $9,021 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $546,320 |
| Total Revenue | $558,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $208,836 |
| Pension plans, employee benefits | $0 |
| Interest | $21,177 |
| Taxes | $46,334 |
| Depreciation | $97,153 |
| Occupancy | $36,676 |
| Travel, conferences, and meetings | $128 |
| Printing and publications | $0 |
| Other expenses | $192,551 |
| Total operating and administrative expenses | $603,255 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $603,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,748 |
| Savings and temporary cash investments | $31,252 |
| Net Accounts receivable | $7,346 |
| 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 | $3,458 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $256,896 |
| Net Land, buildings, and equipment | $1,402,422 |
| Other assets | $0 |
| Total assets | $1,983,122 |
| Accounts payable and accrued expenses | $81,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $444,095 |
| Other liabilities | $25,545 |
| Total liabilities | $551,189 |
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Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Sanford-Good Samaritan Community Health Services Llc Sioux Falls, SD | $42,246,559 | $49,986,329 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |