Civic Intelligence

Golden Age Nonproft Housing Corporation

EIN 23-7320198 • 501(c)3 • Kalamazoo, MI

Profile

We will be the premier senior living provider that celebrates the whole person while embracing families and partnering with the community

2400 Portage StreetKalamazoo, MI 49001

www.heritagecommunity.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

100th percentile

309%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$239,884

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 3013.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

5th percentile

-96%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$0

Up $469,903 (+100%) from 2019

Liabilities

Down

$0

Down $14,509 (-100%) from 2019

Net Assets

Up

$0

Up $484,412 (+100%) from 2019

Revenue

Down

$7,961

Down $184,085 (-96%) from 2019

Expenses

Down

-$16,627

Down $935,238 (-102%) from 2019

Net Income

Up

$24,588

Up $751,153 (+103%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2010: $2,394,590Liabilities 2010: $2,904,873Net Assets 2010: -$510,2832010Assets 2011: $1,799,844Liabilities 2011: $2,395,284Net Assets 2011: -$595,4402011Assets 2014: $1,397,025Liabilities 2014: $2,319,248Net Assets 2014: -$922,2232014Assets 2015: $1,369,249Liabilities 2015: $2,535,472Net Assets 2015: -$1,166,2232015Assets 2016: $1,585,788Liabilities 2016: $2,702,780Net Assets 2016: -$1,116,9922016Assets 2017: $1,813,967Liabilities 2017: $2,905,028Net Assets 2017: -$1,091,0612017Assets 2018: $758,122Liabilities 2018: $2,027,484Net Assets 2018: -$1,269,3622018Assets 2019: -$469,903Liabilities 2019: $14,509Net Assets 2019: -$484,4122019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,781,3042010Expenses 2011: $2,713,0332011Revenue 2014: $517,838Expenses 2014: $591,691Net Income 2014: -$73,8532014Revenue 2015: $521,997Expenses 2015: $514,339Net Income 2015: $7,6582015Revenue 2016: $514,585Expenses 2016: $465,354Net Income 2016: $49,2312016Revenue 2017: $498,985Expenses 2017: $473,054Net Income 2017: $25,9312017Revenue 2018: $484,200Expenses 2018: $662,501Net Income 2018: -$178,3012018Revenue 2019: $192,046Expenses 2019: $918,611Net Income 2019: -$726,5652019Revenue 2020: $7,961Expenses 2020: -$16,627Net Income 2020: $24,5882020

Highlighted filing

2020

Revenue$7,961
Expenses-$16,627
Net Income$24,588

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$7,961
Mission and Program Overview

Mission

We will be the premier senior living provider that celebrates the whole person while embracing families and partnering with the community

Housing and personal care/assisted living for low and middle income elderly and/or physically handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,512--
Cash and Non-Interest-Bearing Accounts$25,165$0▼ $25,165
Prepaid Expenses and Deferred Charges$3,360$0▼ $3,360
Accounts Receivable$-146$0▲ $146
Total Assets$-469,903$0▲ $469,903
Other Assets Total$-532,794$0▲ $532,794
Liabilities
Other Liabilities$11,978--
Accounts Payable and Accrued Expenses$2,531$0▼ $2,531
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Total Liabilities$14,509$0▼ $14,509
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-484,412$0▲ $484,412
Total Net Assets Fund Balance$-484,412$0▲ $484,412
Total Liabilities and Net Assets / Fund Balance$-469,903$0▲ $469,903

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,663,252$73,060▲ $32,615$57,031$1,711,896
2018$1,518,118$109,310▲ $89,015$53,191$1,663,252
2017$1,142,364$271,375▲ $104,379$0$1,518,118
2016$1,295,409$0▼ $153,044$0$1,142,365
2015$1,091,607$0▲ $203,802$0$1,295,409
Compensation and Service Providers

Employees

NameTitleOtherTotal
Myra JohnsonVice President, Human Resources$130,215$130,215
Meredith HolyszAdministrator Upjohn Care & Rehabilitation Center$122,335$122,335
Roxanne FletcherDirector of It$121,361$121,361
Sneha BadinehalRehabilitation Manager$104,007$104,007

Board Members and Trustees

NameTitle
Rex L BellBoard Chair
JOSEPH A D'AMBROSIOBoard Vice Chair
M Patricia FuehrBoard Secretary
William MillardBoard Treasurer
Bob MillerDirector
Denise NeelyDirector
J Patrick DysonDirector
James EscamillaDirector
Laura EllerDirector
Marina HoughtonDirector
R Cory SpauldingDirector
Richard NagleDirector
Sidney EllisDirector
Jay PrinceCEO
Rachel OlmstedCFO
Paul BarberCOO
Donald KneepkensWyndham Resident Representative
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,491
Investment Income
$5,470
Other Revenue
$0
Change in Net Assets
$24,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,961
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$7,961
Total Revenue per Form 990
$7,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Other Expenses$-20,665

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,753$0$0$3,753
Fees for Services Legal$0$1,785$0$1,785
Other Expenses$1,024$0$0$1,024
Insurance$0$369$0$369
Payroll Taxes$204$0$0$204
Other Employee Benefits$81$0$0$81
Occupancy$-8,817$2,215$0$-6,602
Fees for Services Other$-17,379$0$0$-17,379
Total Functional Expenses$-20,996$4,369$0$-16,627

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$459,824
Other Expense Adjustments$459,824
Expenses Not Reported on Form 990$0
Total Expenses per Form 990$-16,627
Expenses per Audited Statements$-476,451
Total Expenses per Audited Statements$-476,451
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Their sole member is heritage community of kalamazoo

Form 990, Part VI, Section A, Line 7A

Members of the board of directors elect/appoint new members for a three year term at the annual meeting

Form 990, Part VI, Section B, Line 11B

A copy of the 990 was reviewed by the cfo prior to filing the return

Form 990, Part VI, Section B, Line 12C

The board members are required to sign a conflict of interest form each year acknowledging receipt of the conflict of interest policy and disclosure of any potential conflicts. Board members having a conflict of interest shall not participate in making a business decision to commit the organization's resources. Any board member having a conflict must also abstain from voting on relevant subjects which is reflected in the board minutes. The conflict of interest policy is reviewed by the board of directors annually.

Form 990, Part VI, Section B, Line 15

A formal review process and comparability data provided by human resources

Form 990, Part VI, Section C, Line 19

The information is provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Golden Age Nonprofit Housing Corporation
EIN
23-7320198
Phone
2693821255
Address
2400 PORTAGE STREET, KALAMAZOO, MI 49001
Doing Business As
Heritage Hills

Signing Officer

Name
Rachel Olmsted
Title
Chief Financial Officer
Phone
2693821255
Signed
2021-05-06

Organization Details

Principal Officer
Rachel Olmsted
Formed
1970
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

As of december 31, 2019 this organization was dissolved.

Form 990, Part XI, Line 9

TRANSFER FROM AFFILIATE

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment funds are to be used to support the foundation as indicated by the donor

Schedule D, Part XII, Line 4B

TRANSFER FROM AFFILIATE

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IRS990/Form990PartVIISectionAGrp/TitleTxt2COO
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT, HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt4ADMINISTRATOR UPJOHN CARE & REHABILITATION CENTER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt6REHABILITATION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17WYNDHAM RESIDENT REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt05470
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05470
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt07961
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0369
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0369
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt034512
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE WILL BE THE PREMIER SENIOR LIVING PROVIDER THAT CELEBRATES THE WHOLE PERSON WHILE EMBRACING FAMILIES AND PARTNERING WITH THE COMMUNITY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-484412
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05470
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05470
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-484412
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02215
IRS990/OccupancyGrp/ProgramServicesAmt0-8817
IRS990/OccupancyGrp/TotalAmt0-6602
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0-532794
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0459824
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0138
IRS990/OtherExpensesGrp/ProgramServicesAmt11024
IRS990/OtherExpensesGrp/TotalAmt0138
IRS990/OtherExpensesGrp/TotalAmt11024
IRS990/OtherLiabilitiesGrp/BOYAmt011978
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03753
IRS990/OtherSalariesAndWagesGrp/TotalAmt03753
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0204
IRS990/PayrollTaxesGrp/TotalAmt0204
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03360
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RACHEL OLMSTED
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623312
IRS990/ProgramServiceRevenueGrp/BusinessCd1812990
IRS990/ProgramServiceRevenueGrp/BusinessCd2812990
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1CABLE TV/TELEPHONE
IRS990/ProgramServiceRevenueGrp/Desc2INTERNET SERVICE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt166
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt094533
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0206
IRS990/PYOtherExpensesAmt0850991
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt097307
IRS990/PYRevenuesLessExpensesAmt0-726565
IRS990/PYSalariesCompEmpBnftPaidAmt067620
IRS990/PYTotalExpensesAmt0918611
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0192046
IRS990/ReconcilationRevenueExpnssAmt024588
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02491
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00

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