Civic Intelligence

Michigan Christian Home

990 • Fiscal year 2016 • EIN 38-1586704

Apr 01, 2015 to Mar 31, 2016 • Filed on Oct 25, 2016

1919 Boston St SEGrand Rapids, MI 49506-4499

(616) 245-9179

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

6.16x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

8th percentile

-34%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$310,774

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

72nd percentile

9.1%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

4.8%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$46,162,192

Up $3,849,103 (+9.1%) from 2015

Net Assets

Down

-$14,317,596

Down $5,162,735 (-56%) from 2015

Liabilities

Up

$60,479,788

Up $9,011,838 (+18%) from 2015

Revenue

Up

$9,825,536

Up $453,428 (+4.8%) from 2015

Expenses

Up

$13,172,758

Up $2,896,516 (+28%) from 2015

Net Income

Down

-$3,347,222

Down $2,443,088 (-270%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0-$50MAssets 2010: $33,736,649Liabilities 2010: $29,643,788Net Assets 2010: $4,092,8612010Assets 2011: $66,057,990Liabilities 2011: $66,428,209Net Assets 2011: -$370,2192011Assets 2012: $47,991,864Liabilities 2012: $53,052,247Net Assets 2012: -$5,060,3832012Assets 2013: $44,470,468Liabilities 2013: $52,064,713Net Assets 2013: -$7,594,2452013Assets 2014: $43,550,276Liabilities 2014: $51,571,562Net Assets 2014: -$8,021,2862014Assets 2015: $42,313,089Liabilities 2015: $51,467,950Net Assets 2015: -$9,154,8612015Assets 2016: $46,162,192Liabilities 2016: $60,479,788Net Assets 2016: -$14,317,5962016Assets 2017: $70,007,474Liabilities 2017: $83,523,709Net Assets 2017: -$13,516,2352017Assets 2018: $76,965,820Liabilities 2018: $91,239,810Net Assets 2018: -$14,273,9902018Assets 2019: $75,128,016Liabilities 2019: $91,444,664Net Assets 2019: -$16,316,6482019Assets 2020: $72,405,251Liabilities 2020: $91,273,603Net Assets 2020: -$18,868,3522020Assets 2021: $82,386,922Liabilities 2021: $100,276,569Net Assets 2021: -$17,889,6472021Assets 2022: $105,314,138Liabilities 2022: $124,382,455Net Assets 2022: -$19,068,3172022Assets 2023: $91,911,961Liabilities 2023: $111,568,877Net Assets 2023: -$19,656,9162023Assets 2025: $91,205,382Liabilities 2025: $116,137,860Net Assets 2025: -$24,932,4782025

Highlighted filing

2016

Assets$46,162,192
Liabilities$60,479,788
Net Assets-$14,317,596

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $5,046,0842010Expenses 2011: $8,731,8142011Expenses 2012: $11,770,4922012Revenue 2013: $8,091,939Expenses 2013: $10,620,923Net Income 2013: -$2,528,9842013Revenue 2014: $8,869,594Expenses 2014: $10,126,926Net Income 2014: -$1,257,3322014Revenue 2015: $9,372,108Expenses 2015: $10,276,242Net Income 2015: -$904,1342015Revenue 2016: $9,825,536Expenses 2016: $13,172,758Net Income 2016: -$3,347,2222016Revenue 2017: $10,991,324Expenses 2017: $11,159,811Net Income 2017: -$168,4872017Revenue 2018: $13,667,147Expenses 2018: $14,544,676Net Income 2018: -$877,5292018Revenue 2019: $15,023,998Expenses 2019: $16,740,495Net Income 2019: -$1,716,4972019Revenue 2020: $15,429,641Expenses 2020: $16,984,088Net Income 2020: -$1,554,4472020Revenue 2021: $17,927,684Expenses 2021: $18,094,452Net Income 2021: -$166,7682021Revenue 2022: $18,661,362Expenses 2022: $19,401,504Net Income 2022: -$740,1422022Revenue 2023: $20,956,012Expenses 2023: $21,589,208Net Income 2023: -$633,1962023Revenue 2025: $22,224,925Expenses 2025: $25,920,926Net Income 2025: -$3,696,0012025

Highlighted filing

2016

Revenue$9,825,536
Expenses$13,172,758
Net Income-$3,347,222
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Oct 25, 2016
Return Version
2015v2.1
Gross Receipts
$10,484,366
Mission and Program Overview

Mission

The michigan christian home dba beacon hill at eastgate, a not-for-profit corporation, provides housing and health services in a christian environment for older adults, thus enabling them to meet their ongoing physical, social and spiritual needs.

To provide quality residential and health care services to seniors in a tradition of christian community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,730,671$27,189,916▼ $1,540,755
Investments in Publicly Traded Securities$6,282,776$3,878,182▼ $2,404,594
Cash and Non-Interest-Bearing Accounts$2,572,224$3,656,991▲ $1,084,767
Accounts Receivable$200,103$194,480▼ $5,623
Pledges and Grants Receivable$152,450$152,450→ $0
Savings and Temporary Cash Investments$102,571--
Prepaid Expenses and Deferred Charges$69,190$60,688▼ $8,502
Inventories for Sale or Use$45,584$55,291▲ $9,707
Total Assets$42,313,089$46,162,192▲ $3,849,103
Other Assets Total$4,157,520$10,974,194▲ $6,816,674
Liabilities
Tax Exempt Bond Liabilities$21,566,146$29,008,532▲ $7,442,386
Other Liabilities$20,235,824$21,564,819▲ $1,328,995
Deferred Revenue$7,395,370$7,040,813▼ $354,557
Escrow Account Liability$1,380,231$1,966,002▲ $585,771
Accounts Payable and Accrued Expenses$890,379$890,799▲ $420
Mortgage Notes Payable Secured by Investment Property-$8,823-
Total Liabilities$51,467,950$60,479,788▲ $9,011,838
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,693$7,237▲ $544
Unrestricted Net Assets$-9,161,554$-14,324,833▼ $5,163,279
Total Net Assets Fund Balance$-9,154,861$-14,317,596▼ $5,162,735
Total Liabilities and Net Assets / Fund Balance$42,313,089$46,162,192▲ $3,849,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,271,082$8,065,721$29,336,803
Equipment$3,694,071$4,721,256$8,415,327
Land$2,031,737-$2,031,737
Other Land Buildings$193,026$465,667$658,693
Other Assets Org$33,777--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey HuegliPresidentFT$290,074$20,700$310,774
Rachel OlmstedFinance DirectorFT$141,886$8,272$150,158
Laura FreshourMarketing DirectorFT$109,675$9,139$118,814

Board Members and Trustees

NameTitle
Carl DufendachChair
Mark PasmaTrustee
Marla HuizingTrustee
Matt ZimmermanTrustee
Russell WatkinsTrustee
Shana ShrollTrustee
Skip KnappTrustee
Kim AllenSecretary
Michael CypherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
PrdgArchitectural Services3535 TRAVIS ST STE 265, Dallas, TX 75204$714,662
Greenbrier DevelopmentDevelopment Services3232 MCKINNEY AVE 1160, Dallas, TX 75204$177,016
ZillnerMarketing Services8725 ROSEHILL RD STE 200, Lenexa, KS 66215$154,659
Mary Free Bed Rehabilitation HospitalRehab Therapy235 WEALTHY STREET, Grand Rapids, MI 49503$151,264
Revenue and Support

Revenue Composition

Contributions and Grants
$39,843
Program Service Revenue
$9,664,626
Investment Income
$121,067
Other Revenue
$0
All Other Contributions
$39,843
Change in Net Assets
$-3,347,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,139,501
Salaries, Compensation, and Employee Benefits$4,804,838
Grants and Similar Amounts Paid$2,228,419
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,174,168$556,246-$3,730,414
Depreciation Depletion-$2,612,987-$2,612,987
Grants to Domestic Orgs$2,228,419--$2,228,419
Interest$819$822,307-$823,126
Occupancy$717,894$23,629-$741,523
Current Officers, Directors, Trustees, and Key Employees-$386,482-$386,482
Payroll Taxes$264,039$66,453-$330,492
Other Employee Benefits$244,882$52,640-$297,522
Fees for Services Other$255,385$36,595-$291,980
Insurance$132,505--$132,505
Information Technology-$98,577-$98,577
Advertising-$89,267-$89,267
Fees for Services Management$42,653$31,260-$73,913
Pension Plan Contributions$35,540$24,388-$59,928
Fees for Services Accounting-$38,659-$38,659
Fees for Service Investment Mgmnt Fees-$31,540-$31,540
Other Expenses$19,312$11,609-$30,921
Office Expenses-$27,019-$27,019
Fees for Services Legal-$4,778-$4,778
Total Functional Expenses$8,258,322$4,914,436$0$13,172,758
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beacon Hill FoundationGrand Rapids, MI501(c)(3)Provide Financial Resources to Support Organization$2,228,419
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Entrance Deposits$19,496,237
Swap Market Value$2,068,582

Bond Issues

BondIssuerIssuedIssue PricePurpose
DThe Economic Development Corporation of the City of Grand Rapids-2010a2010-12-23$18,035,000Construction of new community & payoff prior bonds
AThe Economic Development Corporation of the City of Grand Rapids - 2015a2015-07-01$13,060,000Construction of new community & payoff prior bonds
AThe Economic Development Corporation of the City of Grand Rapids-2015c2015-07-01$11,760,000Construction of new community & payoff prior bonds
BThe Economic Development Corporation of the City of Grand Rapids - 2015b2015-07-01$8,707,000Construction of new community & payoff prior bonds
CThe Economic Development Corporation of the City of Grand Rapids - 2009a2009-12-17$8,650,000Construction of new community & payoff prior bonds
BThe Economic Development Corporation of the City of Grand Rapids-2015d2015-07-01$7,844,000Construction of new community & payoff prior bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$13,060,000-$223,000$234,441
B$8,707,000-$145,000$156,627
C$2,797,275-$3,705,497$225,582
D$1,864,617-$17,860,649$154,048
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 B, Line 11

Finance committee members of the board of directors receive an electronic copy of form 990 for review and comment prior to filing the return.

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

Formal conflict of interest statements are completed and signed by each board member on an annual basis.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves compensation for the president on an annual basis. Recommended wage increases are based on market comparisons and performance reviews. Wage increases are documented in the minutes. President reviews and approves compensation for other key employees on an annual basis. Any wage increases are based on market comparisons and employee performance reviews.

Form 990, Part VI, Section C, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Mi Christian Home
EIN
38-1586704
Phone
6162459179
Address
1919 BOSTON ST SE, GRAND RAPIDS, MI 49506-4499
Doing Business As
Beacon Hill at Eastgate

Signing Officer

Name
Jeffrey Huegli
Title
President
Phone
6162459179
Signed
2016-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Huegli
Formed
1958
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
238
Volunteers
199

Preparer

Firm
Rehmann Robson LLC
Address
2330 EAST PARIS AVE SE PO BOX 6547, GRAND RAPIDS, MI 49516-6547
Preparer
Kerry J Nelson CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Interest rate swap -1,671,479.

FORM 990, PART XII, LINE 2C:

The process for selecting and overseeing the work of the independent auditors has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

Deposits held for the reservation of an apartment home.

PART X, LINE 2:

The organization has evaluated its income tax filing positions for fiscal years 2013 through 2016, the years which remain subject to examination as of march 31, 2016. The organization concluded that there are no significant uncertain tax positions requiring recognition in the organization's consolidated financial statements. The organization does not expect the total amount of unrecognized tax benefits ("utb") (e.g. Tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next twelve months. The organization does not have any amounts accrued for interest and penalties related to utbs at march 31, 2016 or 2015, and is not aware of any claims for such amounts by federal or state income tax authorities.

PART V:

In prior years the organization has reported an endowment fund. In 2015 a new related 501(c)3 organization was set up and the endowment was transferred to that organization.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3MARK PASMA
IRS990/Form990PartVIISectionAGrp/PersonNm4SKIP KNAPP
IRS990/Form990PartVIISectionAGrp/PersonNm5RUSSELL WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm6SHANA SHROLL
IRS990/Form990PartVIISectionAGrp/PersonNm7MATT ZIMMERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MARLA HUIZING
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY HUEGLI
IRS990/Form990PartVIISectionAGrp/PersonNm10RACHEL OLMSTED
IRS990/Form990PartVIISectionAGrp/PersonNm11LAURA FRESHOUR
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10FINANCE DIRECTOR
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MICHIGAN CHRISTIAN HOME DBA BEACON HILL AT EASTGATE, A NOT-FOR-PROFIT CORPORATION, PROVIDES HOUSING AND HEALTH SERVICES IN A CHRISTIAN ENVIRONMENT FOR OLDER ADULTS, THUS ENABLING THEM TO MEET THEIR ONGOING PHYSICAL, SOCIAL AND SPIRITUAL NEEDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt034191
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IRS990/OccupancyGrp/ProgramServicesAmt0717894
IRS990/OccupancyGrp/TotalAmt0741523
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027019
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IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2BUILDING EQUIPMENT
IRS990/OtherExpensesGrp/Desc3OTHER
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IRS990/OtherExpensesGrp/ProgramServicesAmt0469503
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IRS990/OtherExpensesGrp/ProgramServicesAmt319312
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IRS990/OtherExpensesGrp/TotalAmt1425972
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IRS990/PYOtherRevenueAmt01248354
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt05944
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt02000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt010290
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt075780
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt051182
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0321106
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt086876
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0125137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0102670
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt024003
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt027389
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09080631
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt08679386
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07984776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06074068
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt086876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0125137
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt024003
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt027389
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09556
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt019889
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Summary only. Only limited summary data is available for this year.$91.2$116$24.9$22.2$25.9$3.70
2023Summary only. Only limited summary data is available for this year.$91.9$112$19.7$21.0$21.6$0.63
2022Summary only. Only limited summary data is available for this year.$105$124$19.1$18.7$19.4$0.74
2021Summary only. Only limited summary data is available for this year.$82.4$100$17.9$17.9$18.1$0.17
2020Summary only. Only limited summary data is available for this year.$72.4$91.3$18.9$15.4$17.0$1.55
2019Summary only. Only limited summary data is available for this year.$75.1$91.4$16.3$15.0$16.7$1.72
2018Summary only. Only limited summary data is available for this year.$77.0$91.2$14.3$13.7$14.5$0.88
2017Summary only. Only limited summary data is available for this year.$70.0$83.5$13.5$11.0$11.2$0.17
2016Detailed filing. Detailed filing data is available for this year.$46.2$60.5$14.3$9.83$13.2$3.35
2015Summary only. Only limited summary data is available for this year.$42.3$51.5$9.15$9.37$10.3$0.90
2014Summary only. Only limited summary data is available for this year.$43.6$51.6$8.02$8.87$10.1$1.26
2013Summary only. Only limited summary data is available for this year.$44.5$52.1$7.59$8.09$10.6$2.53
2012Summary only. Only limited summary data is available for this year.$48.0$53.1$5.06$11.8
2011Summary only. Only limited summary data is available for this year.$66.1$66.4$0.37$8.73
2010Summary only. Only limited summary data is available for this year.$33.7$29.6$4.09$5.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits