Brethren Hillcrest Homes
- Assets
- $120.3m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 311
- Location
- La Verne, CA
- Founding
- 03/1953
- Data as of
- 06/2022
- EIN
- 95-1809564
Organization Overview
Brethren Hillcrest Homes is located in La Verne, CA. The organization was established in 1953. 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 06/2022, Brethren Hillcrest Homes employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brethren Hillcrest Homes 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, Brethren Hillcrest Homes generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $26.6m during the year ending 06/2022. While expenses have increased by 3.1% 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
TO SERVE AND ENRICH THE LIVES OF OLDER PERSONS THROUGH QUALITY SERVICES AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRETHREN HILLCREST PROVIDES HOUSING, HEALTH CARE, NUTRITIONAL PROGRAMS, ACTIVITIES, AND RELATED SERVICES TO THE AGING. HILLCREST SEEKS TO PROVIDE THE HIGHEST LEVEL OF RESIDENTIAL AND CARE SERVICES TO ITS RESIDENTS. HILLCREST HAS APPROXIMATELY 372 RESIDENTS IN THEIR INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING ACCOMMODATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Neely President & CEO | OfficerTrustee | 40 | $267,327 |
Winnie Dang CFO | Officer | 40 | $202,679 |
Mike Townsend Dir. Clinical Serv | 40 | $145,596 | |
Julie Chai Controller | 40 | $140,232 | |
Omar Lopez Nursing Director | 40 | $138,489 | |
Josephine Gutierrez Registered Nurse | 40 | $118,736 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Dining Management | 6/29/22 | $1,577,833 |
Perera Construction & Design Inc Construction | 6/29/22 | $747,841 |
Rehab Alliance Rehab | 6/29/22 | $393,838 |
Sea West Enterprises Inc Construction | 6/29/22 | $479,386 |
Ljs Enterprises Construction | 6/29/22 | $363,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,717 |
| Total Program Service Revenue | $27,104,960 |
| Investment income | $1,159,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$243,757 |
| Net Income from Fundraising Events | $80,307 |
| Net Income from Gaming Activities | $5,726 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,634,807 |
| 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. | $518,056 |
| Compensation of current officers, directors, key employees. | $518,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,517,366 |
| Pension plan accruals and contributions | $260,890 |
| Other employee benefits | $1,309,260 |
| Payroll taxes | $1,236,444 |
| Fees for services: Management | $743,284 |
| Fees for services: Legal | $17,509 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,450,771 |
| Advertising and promotion | $87,486 |
| Office expenses | $80,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,427,176 |
| Travel | $14,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,034,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,009,644 |
| Insurance | $493,263 |
| All other expenses | $660,355 |
| Total functional expenses | $26,582,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,687,093 |
| Savings and temporary cash investments | $922,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $637,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,215,500 |
| Inventories for sale or use | $57,890 |
| Prepaid expenses and deferred charges | $275,420 |
| Net Land, buildings, and equipment | $71,853,651 |
| Investments—publicly traded securities | $28,610,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,021,360 |
| Total assets | $120,281,850 |
| Accounts payable and accrued expenses | $2,318,803 |
| Grants payable | $0 |
| Deferred revenue | $41,104,705 |
| Tax-exempt bond liabilities | $39,590,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $407,774 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $840,136 |
| Total liabilities | $84,261,418 |
| Net assets without donor restrictions | $24,006,063 |
| Net assets with donor restrictions | $12,014,369 |
| 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 | $120,281,850 |