Indiana Senior Housing Health Care Properties Inc
- Assets
- $38.9m
- Revenue
- $24.3m
- Investments
- $0.0
- Employees
- 400
- Location
- Bloomington, IN
- Founding
- 10/2014
- Data as of
- 12/2020
- EIN
- 46-3385153
Organization Overview
Indiana Senior Housing Health Care Properties Inc, operating under the name Cedar Village Senior Living, is located in Bloomington, IN. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Cedar Village Senior Living employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Village Senior Living 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, Cedar Village Senior Living generated $24.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 66.0% each year . All expenses for the organization totaled $20.8m during the year ending 12/2020. While expenses have increased by 68.5% per year over the past 6 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
ISH STRIVES TO PROMOTE, PROVIDE, AND SUPPORT RESIDENTIAL, CUSTODIAL, NURSING, MEDICAL, AND HOSPITAL CARE FOR THE ELDERLY BY OPERATING AND MAINTAIN FACILITIES FOR THE CARE OF THE AGED AND ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISH STRIVES TO PROMOTE, PROVIDE, AND SUPPORT RESIDENTIAL, CUSTODIAL, NURSING, MEDICAL, AND HOSPITAL CARE FOR THE ELDERLY BY OPERATING AND MAINTAIN FACILITIES FOR THE CARE OF THE AGED AND ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mobley Administrator | 40 | $198,021 | |
Melissa Hines Director Of Nursing | 40 | $135,382 | |
Moses Anuo Lpn | 40 | $135,040 | |
Praxcedes Chiwashira Cna | 40 | $128,187 | |
Evelyn Dwomoh Registered Nurse | 40 | $119,172 | |
Kathy Ettensohn Treasurer | OfficerTrustee | 2 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skilled Care Pharm Of Ohio Pharmacy | 12/30/21 | $763,989 |
Lifespan Therapy Therapy | 12/30/21 | $622,275 |
Image Cleaning Contracted Services-housekeeping | 12/30/21 | $158,966 |
Enervise Llc Hvac Services | 12/30/21 | $215,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,062,507 |
| Investment income | $2,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,400 |
| 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 | $24,270,450 |
| 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. | $32,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,456,942 |
| Pension plan accruals and contributions | $20,577 |
| Other employee benefits | $580,155 |
| Payroll taxes | $830,297 |
| Fees for services: Management | $160,525 |
| Fees for services: Legal | $9,635 |
| Fees for services: Accounting | $33,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,455,345 |
| Advertising and promotion | $76,608 |
| Office expenses | $415,321 |
| Information technology | $221,734 |
| Royalties | $0 |
| Occupancy | $909,047 |
| Travel | $19,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,345,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994,228 |
| Insurance | $126,805 |
| All other expenses | $0 |
| Total functional expenses | $20,834,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $968,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,624,405 |
| 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 | $78,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $547,468 |
| Total assets | $38,938,663 |
| Accounts payable and accrued expenses | $675,184 |
| Grants payable | $0 |
| Deferred revenue | $105,094 |
| 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 | $26,723,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,126,565 |
| Total liabilities | $28,629,924 |
| 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 | $10,308,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Senior Housing Health Care Properties Inc Bloomington, IN | $38,938,663 | $24,270,450 |
The Uwm Real Estate Foundation Inc Milwaukee, WI | $83,241,635 | $5,703,376 |
Blugold Real Estate Foundation Inc Eau Claire, WI | $54,871,317 | $5,562,467 |
Restore Of Fox Valley Habitat For Humanity Aurora, IL | $2,503,760 | $2,508,230 |
James C King 41 02359 Po Box Chicago, IL | $29,702,446 | $4,555,934 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
One Parent Family Facility Corp Lexington, KY | $2,640,950 | $1,180,160 |
Holie Vii Inc Mequon, WI | $2,106,301 | $274,557 |
Helping Hand Foundation Real Estate Holding Company Inc Countryside, IL | $10,119,349 | $0 |
Evan F Bartlett Bonnet House Support Irrv Tr 12108920 Chicago, IL | $4,651,459 | $519,070 |
Friendship Senior Options Foundation Nfp Schaumburg, IL | $597,207 | $105,869 |
Community Development Alternatives Inc Prairie Du Chien, WI | $1,232,003 | $240,505 |