Ihm Senior Living Community Inc
- Assets
- $3.8m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 170
- Location
- Monroe, MI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 82-2900699
Organization Overview
Ihm Senior Living Community Inc is located in Monroe, MI. The organization was established in 1946. As of 06/2021, Ihm Senior Living Community Inc employed 170 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ihm Senior Living Community 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 06/2021, Ihm Senior Living Community Inc generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $16.5m during the year ending 06/2021. While expenses have increased by 21.6% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE COMMIT OURSELVES TO CREATING AN ATMOSPHERE OF LIFE WHERE EACH RESIDENT CAN ACHIEVE THE HIGHEST QUALITY OF LIFE AND ESTABLISH LOVING, CARING RELATIONSHIPS WITH EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IHM SLC OPERATES A 58 BED SKILLED NURSING FACILITY. IN ADDITION, THERE IS AN INDEPENDENT LIVING FACILITY AND AN ASSISTED LIVING FACILITY, INCLUDING MEMORY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Kennedy Director Of Health Care Center | OfficerTrustee | 40 | $94,442 |
Christine Horney Director Of Ihm Slc | OfficerTrustee | 40 | $79,121 |
John Zarb President | OfficerTrustee | 1 | $0 |
Mary Jane Herb Vice-President | OfficerTrustee | 6 | $0 |
Rosemary Abramovich Secretary | OfficerTrustee | 1 | $0 |
Donna Kopinski Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ihm Sisters Rent, Reimbursed Costs For Staffing, Uti | 6/29/21 | $2,209,630 |
Sodexo Inc & Affiliates Food Services | 6/29/21 | $1,105,149 |
Concept Rehab Inc Therapy Services | 6/29/21 | $252,779 |
Genemarkers Llc Covid Testing/ Supplies | 6/29/21 | $241,125 |
Michigan Catholic Conference Pension And Unemployment Insurance | 6/29/21 | $219,661 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,614,704 |
| Government grants | $1,909,826 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,524,530 |
| Total Program Service Revenue | $11,016,550 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $16,541,195 |
| 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. | $171,503 |
| Compensation of current officers, directors, key employees. | $171,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,299,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $891,941 |
| Payroll taxes | $375,897 |
| Fees for services: Management | $411,749 |
| Fees for services: Legal | $23,800 |
| Fees for services: Accounting | $25,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,075,569 |
| Advertising and promotion | $25,089 |
| Office expenses | $42,655 |
| Information technology | $57,561 |
| Royalties | $0 |
| Occupancy | $3,122,886 |
| Travel | $51 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,694 |
| Insurance | $60,082 |
| All other expenses | $29,312 |
| Total functional expenses | $16,525,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $970 |
| Savings and temporary cash investments | $1,789,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $594,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,511 |
| Prepaid expenses and deferred charges | $118,075 |
| Net Land, buildings, and equipment | $81,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,101,736 |
| Total assets | $3,778,118 |
| Accounts payable and accrued expenses | $3,465,797 |
| Grants payable | $0 |
| Deferred revenue | $28,847 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,494,644 |
| Net assets without donor restrictions | $283,474 |
| 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 | $3,778,118 |
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