Village Of Germatown Inc
- Assets
- $97.3m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 490
- Location
- Germantown, TN
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 62-1827185
Organization Overview
Village Of Germatown Inc is located in Germantown, TN. The organization was established in 2003. 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. As of 12/2022, Village Of Germatown Inc employed 490 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of Germatown 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 12/2022, Village Of Germatown Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $30.4m during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CCRC CONSISTS OF 230 INDEPENDENT LIVING UNITS (INCLUDING 202 APARTMENTS AND 28 PATIO HOMES), AND A HEALTHCARE CENTER CONSISTING OF 32 ASSISTED LIVING UNITS, 16 SPECIAL CARE DEMENTIA UNITS, AND 55 SKILLED NURSING BEDS. IN 2022, THE VILLAGE BILLED 27,809 HEALTHCARE DAYS - 3,134 FOR DEMENTIA, 10,371 FOR ASSISTED LIVING, AND 14,304 FOR SKILLED. OF THESE DAYS, 6,498 WERE MEDICARE DAYS AND 21,311 PRIVATE PAY DAYS/INSURANCE BILLABLE DAYS. OUR INDEPENDENT LIVING OCCUPANCY WAS 82%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Harkess Secretary (term Ended) | OfficerTrustee | 1 | $0 |
Mark Halperin Director | Trustee | 1 | $0 |
Chris Mclean Chairman (term Ended) | OfficerTrustee | 1 | $0 |
Jean Morton Director | Trustee | 1 | $0 |
Rita Sparks Director | Trustee | 1 | $0 |
Rebecca Cullison Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Of Tn Llc Therapy | 12/30/22 | $854,788 |
Stephenson Home Solutions Llc Maintenance | 12/30/22 | $769,983 |
Unique Nursing Staffing Agency Medical Staffing | 12/30/22 | $542,538 |
Gale Healthcare Solutions Llc Medical Staffing | 12/30/22 | $990,868 |
Barnes & Brower Inc Maintenance | 12/30/22 | $331,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $561,461 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,118 |
| Noncash contributions included in lines 1a–1f | $214,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,579 |
| Total Program Service Revenue | $21,945,023 |
| Investment income | $388,138 |
| Tax Exempt Bond Proceeds | $58,058 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,573,228 |
| 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. | $735,144 |
| Compensation of current officers, directors, key employees. | $735,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,071,430 |
| Pension plan accruals and contributions | $142,528 |
| Other employee benefits | $1,174,995 |
| Payroll taxes | $790,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,244,883 |
| Advertising and promotion | $228,243 |
| Office expenses | $680,194 |
| Information technology | $300,634 |
| Royalties | $0 |
| Occupancy | $2,098,916 |
| Travel | $50,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,509 |
| Interest | $2,372,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,516,073 |
| Insurance | $398,549 |
| All other expenses | $509,946 |
| Total functional expenses | $30,391,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,007 |
| Savings and temporary cash investments | $247,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $714,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,767 |
| Prepaid expenses and deferred charges | $270,491 |
| Net Land, buildings, and equipment | $64,828,125 |
| Investments—publicly traded securities | $24,302,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,003,863 |
| Total assets | $97,266,349 |
| Accounts payable and accrued expenses | $9,388,000 |
| Grants payable | $0 |
| Deferred revenue | $4,308,886 |
| Tax-exempt bond liabilities | $61,606,587 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,774,748 |
| Total liabilities | $156,078,221 |
| Net assets without donor restrictions | -$58,811,872 |
| 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 | $97,266,349 |