Christian Homes Inc
- Assets
- $8.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 165
- Location
- Holdrege, NE
- Founding
- 12/1946
- Data as of
- 06/2022
- EIN
- 47-0378776
Organization Overview
Christian Homes Inc is located in Holdrege, NE. The organization was established in 1946. 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 06/2022, Christian Homes Inc employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Homes 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 06/2022, Christian Homes Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 1.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND SERVICES TO THE ELDERLY AND INFIRMED IN A MANNER THAT PROVIDES FOR THE PHYSICAL, MENTAL, SOCIAL, AND SPIRITUAL WELFARE OF THE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE AND ASSISTED LIVING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Tom Thompson Chairman | OfficerTrustee | 0 | $0 |
Troy Urbom Vice-Chairman | OfficerTrustee | 0 | $0 |
Marlys Anderson Secretary | OfficerTrustee | 0 | $0 |
Dr Colby Kinser Ex-Officio | Trustee | 0 | $0 |
Jeff Moon Board Member | Trustee | 0 | $0 |
Dr Mark Adam Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skyline Construction Construction | 6/29/22 | $574,650 |
Meritain Health Health Benefits | 6/29/22 | $377,931 |
Inspire Rehab Therapy Services | 6/29/22 | $177,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,171,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,259,756 |
| Total Program Service Revenue | $6,987,623 |
| Investment income | $63,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $132,690 |
| Net Gain/Loss on Asset Sales | -$21,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,435,147 |
| 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. | $117,666 |
| Compensation of current officers, directors, key employees. | $117,666 |
| Compensation to disqualified persons | $5,065,849 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,314,944 |
| Payroll taxes | $406,430 |
| 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 | $43,188 |
| Advertising and promotion | $13,554 |
| Office expenses | $51,560 |
| Information technology | $9,506 |
| Royalties | $0 |
| Occupancy | $97,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636,370 |
| Insurance | $100,487 |
| All other expenses | $204,114 |
| Total functional expenses | $9,644,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,293 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,558 |
| Net Land, buildings, and equipment | $6,549,779 |
| Investments—publicly traded securities | $373,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $692,010 |
| Total assets | $8,366,128 |
| Accounts payable and accrued expenses | $628,219 |
| 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 | $7,130,615 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,719 |
| Total liabilities | $7,814,553 |
| Net assets without donor restrictions | $551,575 |
| 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 | $8,366,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Homes Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |
Bethany Home Association Of Lindsborg Kansas Lindsborg, KS | $21,461,588 | $11,142,589 |
Lutheran Home For The Aged Association - West Perry, IA | $7,806,772 | $10,872,743 |
Calvin Community Des Moines, IA | $24,509,760 | $11,516,352 |
Friendship Village Charitable Tr Waterloo, IA | $19,713,724 | $8,311,790 |
St Luke Homes & Services Inc Spencer, IA | $9,786,466 | $9,281,620 |