Christian Homes Inc
- Assets
- $8.6m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 150
- Location
- Holdrege, NE
- Founding
- 12/1946
- Data as of
- 06/2023
- 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 06/2023, Christian Homes Inc employed 150 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 06/2023, Christian Homes Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
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 Mark Adam Board Member | Trustee | 0 | $0 |
Dr Colby Kinser Ex-Officio | Trustee | 0 | $0 |
Jeff Moon Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Horizon Foods Inc Food Services | 6/29/23 | $736,222 |
Lawrence Recruiting Specialists Staffing | 6/29/23 | $502,389 |
Meritain Health Health Benefits | 6/29/23 | $199,296 |
Inspire Rehab Therapy Services | 6/29/23 | $173,934 |
Nurses Incorporated Staffing | 6/29/23 | $148,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,197 |
| Total Program Service Revenue | $7,069,528 |
| Investment income | $53,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,068 |
| Net Gain/Loss on Asset Sales | $2,376,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,781,967 |
| 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. | $123,684 |
| Compensation of current officers, directors, key employees. | $123,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,952,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $872,861 |
| Payroll taxes | $311,518 |
| 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 | $41,515 |
| Advertising and promotion | $18,410 |
| Office expenses | $49,870 |
| Information technology | $9,657 |
| Royalties | $0 |
| Occupancy | $92,902 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,922 |
| Insurance | $100,509 |
| All other expenses | $270,669 |
| Total functional expenses | $9,538,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,351 |
| 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 | $16,018 |
| Net Land, buildings, and equipment | $5,905,728 |
| Investments—publicly traded securities | $821,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $704,278 |
| Total assets | $8,578,827 |
| Accounts payable and accrued expenses | $773,887 |
| 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 | $6,910,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,537 |
| Total liabilities | $7,734,137 |
| Net assets without donor restrictions | $844,690 |
| 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 | $8,578,827 |