Civic Intelligence

Henry Ford Village Inc

990 • Fiscal year 2019 • EIN 38-3087328

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

15101 Ford RoadDearborn, MI 48126

(313) 584-1000

Siviq Scores

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

Liabilities / Assets

98th percentile

1.77x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

4.34x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

28th percentile

-1.3%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$331,660

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

16th percentile

-3.0%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$97,327,981

Down $3,058,536 (-3.0%) from 2018

Net Assets

Down

-$74,837,534

Down $156,039 (-0.2%) from 2018

Liabilities

Down

$172,165,515

Down $2,902,497 (-1.7%) from 2018

Revenue

Up

$39,703,930

Up $349,343 (+0.9%) from 2018

Expenses

Up

$40,238,689

Up $201,788 (+0.5%) from 2018

Net Income

Up

-$534,759

Up $147,555 (+22%) from 2018

Historical Trend

Balance Sheet Trend

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

$200M$100M$0-$100MAssets 2010: $129,572,588Liabilities 2010: $145,701,132Net Assets 2010: -$16,128,5442010Assets 2011: $115,565,326Liabilities 2011: $135,454,346Net Assets 2011: -$19,889,0202011Assets 2012: $111,684,345Liabilities 2012: $131,110,023Net Assets 2012: -$19,425,6782012Assets 2013: $104,594,476Liabilities 2013: $124,777,813Net Assets 2013: -$20,183,3372013Assets 2014: $99,766,551Liabilities 2014: $118,975,580Net Assets 2014: -$19,209,0292014Assets 2015: $96,672,006Liabilities 2015: $115,675,478Net Assets 2015: -$19,003,4722015Assets 2016: $91,491,214Liabilities 2016: $166,892,314Net Assets 2016: -$75,401,1002016Assets 2017: $103,075,042Liabilities 2017: $176,833,169Net Assets 2017: -$73,758,1272017Assets 2018: $100,386,517Liabilities 2018: $175,068,012Net Assets 2018: -$74,681,4952018Assets 2019: $97,327,981Liabilities 2019: $172,165,515Net Assets 2019: -$74,837,5342019Assets 2020: $91,957,416Liabilities 2020: $172,092,806Net Assets 2020: -$80,135,3902020Assets 2021: $17,115,339Liabilities 2021: $55,650,900Net Assets 2021: -$38,535,5612021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$97,327,981
Liabilities$172,165,515
Net Assets-$74,837,534

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $38,456,9132010Revenue 2011: $38,317,600Expenses 2011: $37,418,474Net Income 2011: $899,1262011Expenses 2012: $37,346,0732012Revenue 2013: $36,061,195Expenses 2013: $36,684,745Net Income 2013: -$623,5502013Revenue 2014: $36,429,564Expenses 2014: $35,301,736Net Income 2014: $1,127,8282014Revenue 2015: $36,981,182Expenses 2015: $36,733,989Net Income 2015: $247,1932015Revenue 2016: $35,272,250Expenses 2016: $37,899,539Net Income 2016: -$2,627,2892016Revenue 2017: $38,005,401Expenses 2017: $36,043,335Net Income 2017: $1,962,0662017Revenue 2018: $39,354,587Expenses 2018: $40,036,901Net Income 2018: -$682,3142018Revenue 2019: $39,703,930Expenses 2019: $40,238,689Net Income 2019: -$534,7592019Revenue 2020: $34,541,749Expenses 2020: $39,885,962Net Income 2020: -$5,344,2132020Revenue 2021: $84,991,852Expenses 2021: $43,392,023Net Income 2021: $41,599,8292021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2019

Revenue$39,703,930
Expenses$40,238,689
Net Income-$534,759
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$39,703,930
Mission and Program Overview

Mission

Promotion of health for the elderly by providing a continuing care residential community located in dearborn, michigan with recreational, social, and religious activities for residents.

Promotion of health for the elderly by providing a continuing care residential community in dearborn, mi with recreation, social, and religious activities for residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$82,230,853$81,341,322▼ $889,531
Accounts Receivable$3,693,827$4,476,059▲ $782,232
Cash and Non-Interest-Bearing Accounts$1,376,375$1,553,429▲ $177,054
Savings and Temporary Cash Investments$863,361$897,499▲ $34,138
Prepaid Expenses and Deferred Charges$426,923$811,945▲ $385,022
Inventories for Sale or Use$167,976$176,896▲ $8,920
Total Assets$100,386,517$97,327,981▼ $3,058,536
Other Assets Total$11,627,202$8,070,831▼ $3,556,371
Liabilities
Other Liabilities$107,176,277$102,294,877▼ $4,881,400
Tax Exempt Bond Liabilities$51,223,211$50,585,746▼ $637,465
Deferred Revenue$9,628,891$11,735,322▲ $2,106,431
Accounts Payable and Accrued Expenses$6,252,607$6,666,789▲ $414,182
Escrow Account Liability$787,026$882,781▲ $95,755
Total Liabilities$175,068,012$172,165,515▼ $2,902,497
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,318,303$799,556▼ $518,747
Net Assets Without Donor Restrictions$-75,999,798$-75,637,090▲ $362,708
Total Net Assets Fund Balance$-74,681,495$-74,837,534▼ $156,039
Total Liabilities and Net Assets / Fund Balance$100,386,517$97,327,981▼ $3,058,536

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$71,250,143$85,412,926$156,663,069
Equipment$1,337,547$8,225,385$9,562,932
Land$4,992,523-$4,992,523
Leasehold Improvements$3,364,404$1,258,014$4,622,418
Other Land Buildings$396,705-$396,705
Other Assets Org$2,373,509--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,350$109,558-$113,803$1,105
2018$3,805$95,412-$93,867$5,350
2017$3,712$105,228-$105,135$3,805
2016$29,438$113,645-$139,371$3,712
2015$43,506$99,855-$113,923$29,438
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce BlalockExecutive DirectorFT$203,881$127,779$331,660
Wayne HindmarshDirector of SalesFT$137,733-$137,733
Charlique Nelson to 102919Former Director of NursingFT$118,992-$118,992
Robert O DisantoDirector of General ServicesFT$113,686-$113,686
Kamel ElkadriDirector of DiningFT$107,245-$107,245
Adam SterlingDirector of Resident LifeFT$101,172-$101,172
Kushant ShahDirector of FinanceFT$78,072-$78,072
Joe Lipiec to 32219CFO/VP of FinanceFT$49,132-$49,132

Board Members and Trustees

NameTitle
John ByrneBoard Chairman
Donald JesmoreBoard Vice Chairman
Lynn Ford AlandtHonorary Board Member
Dr Karen RossMember
Dr Walter TalamontiMember
Linda HiveleyMember
Mary Lou PosaMember
Peter FalzonMember
Curt YunSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rehabcare Group Therapy ServicesPhysical, Occupactional And Special Ther680 SOUTH FOURTH STREET, Louisville, KY 48202$1,821,231
Sysco Food ServicesFood And Kitchen SuppliesPO BOX 33580, Detroit, MI 48233$1,582,239
Alternative Contracting INCGeneral Contractor7703 DONNA, Westland, MI 48185$1,461,410
Driven Solutions INCSales And Advertising404 E 10 MILE RD STE 100, Pleasant Ridge, MI 48069$910,902
Sbm Management Services LPHousekeeping5241 ARNOLD AVE, Mcclellan, CA 95652$861,349
Revenue and Support

Revenue Composition

Contributions and Grants
$1,661,520
Program Service Revenue
$37,626,751
Investment Income
$231,093
Other Revenue
$184,566
All Other Contributions
$1,661,520
Change in Net Assets
$-534,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,703,930
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$378,720
Total Revenue per Audited Statements
$40,082,650
Total Revenue per Form 990
$39,703,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,118,183
Salaries, Compensation, and Employee Benefits$16,120,506
Total Fundraising Expense$169,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,355,539$1,968,463$29,977$12,353,979
Depreciation Depletion$4,634,085$19,851$302$4,654,238
Interest-$3,895,070$59,316$3,954,386
Fees for Services Other$2,073,003$714,158$10,876$2,798,037
Occupancy$1,767,299$867,105$13,205$2,647,609
Other Employee Benefits$1,786,225$616,125$9,383$2,411,733
Advertising-$1,225,099$18,656$1,243,755
Payroll Taxes$832,228$156,586$2,385$991,199
Insurance-$488,951$7,446$496,397
Other Expenses$389,956$42,679$650$433,285
Fees for Services Management-$395,916$6,029$401,945
Current Officers, Directors, Trustees, and Key Employees$278,009$52,846$805$331,660
All Other Expenses$179,196$134,693$2,051$315,940
Fees for Services Legal-$304,158$4,632$308,790
Fees for Services Accounting-$58,854$896$59,750
Pension Plan Contributions$22,289$9,501$145$31,935
Total Functional Expenses$28,922,073$11,146,865$169,751$40,238,689

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,238,689
Total Expenses per Audited Statements$40,238,689
Total Expenses per Form 990$40,238,689
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Resident Deposits$93,626,090
Refunds Due to Residents$5,752,759
Accounts Payable - Related Party$2,765,136
Funds Held for Residents$116,897
Charitable Gift Annuity$33,995

Bond Issues

BondIssuerIssuedIssue PricePurpose
BEdc of City of Dearborn2008-10-01$42,535,000Capital investment and improvements
AEdc of City of Dearborn2017-09-28$14,185,000Capital investment and improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$42,535,000--$1,004,757
A$14,185,000-$3,520,000$837,000

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
Corrective action procedures
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Life care services, llc is a for-profit iowa limited liability company which operates and manages a variety of continuing care retirement communities nationwide, including henry ford village, inc. Henry ford village, inc. (the community) is governed by an independent board of directors and is advised by a residents counsil elected by the henry ford village community. On december 1, 2010, henry ford village contracted with life care services lcs) for management services. The lcs contract was extended until september 30, 2021. The executive director, asst. Executive director, and administrator are employees of lcs, but their salaries and related employee benefits are reimbursed by the community. Reimbursement paid to lcs for lcs employees in 2019 totaled $575,668 and is included in general and administrative expenses in the statement of operations. Other corporate services that the community may obtain are not required contractually and are on an as-needed basis.

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

Bruce blalock (executive director) and kushant shah (current director of finance) will review the 2019 form 990 prior to filing.

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

Compliance with the conflict of interest, whistleblower, and document retention and destruction policies was monitored by the managment company, life care services, llc. Board members sign a conflict of interest form on an annual basis.

Form 990, Part VI, Section B, Line 15

Management (henry ford village, inc. & life care services, llc) conducts market surveys on an annual basis to determine if a compensation adjustment is warranted. Based on this information mamanagment recommends annual salaries, typically a percentage increase from the prior year. The board approves the budget on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization's form 990 is available upon request. Kushant shah, henry ford village director of finance, has public inspection copies available at 15101 ford road, dearbor, mi 48126.

Filing and Contact Details

Filer

Filer Name
Henry Ford Village
EIN
38-3087328
Phone
3135841000
Address
15101 FORD ROAD, DEARBORN, MI 48126

Signing Officer

Name
Bruce Blalock
Title
Executive Director
Phone
3135841000
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Blalock
Formed
1992
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
680
Volunteers
336

Preparer

Firm
Baker Tilly US Llp
Address
777 E WISCONSIN AVENUE FLOOR 32, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has an audit committee that assumes responsibilities for oversight of the audit and selection of an independent accountant. This process has not changed from previous years.

Financial Statement Notes

PART IV, LINE 2B:

Residents are required to remit entrance deposits, which may vary in amount depending upon the unit to be occupied. Prospective residents are required to make certain installment payments prior to the final settlement of the given unit. These amounts are included in advance deposits in the accompany balance sheets. Deposit timing differences may cause escrow cash not to be equal to advance deposits. As of 12/31/2019 advance deposits were $531,282

PART V, LINE 4:

Henry ford village, inc. Administers an endowment fund with the purpose to fund the staff appreciation fund. The total asset as of 12/31/19 was $1,105

PART X, LINE 2:

The community is a nonprofit organizations as described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes on its exempt income under section 501(a) of the internal revenue code.

Raw XML AppendixShowing 400 of 769 raw XML fields

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/ActivityOrMissionDesc0PROMOTION OF HEALTH FOR THE ELDERLY BY PROVIDING A CONTINUING CARE RESIDENTIAL COMMUNITY IN DEARBORN, MI WITH RECREATION, SOCIAL, AND RELIGIOUS ACTIVITIES FOR RESIDENTS.
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IRS990/Desc0HENRY FORD VILLAGE, INC. IS A MICHIGAN NON-STOCK CORPORATION ESTABLISHED TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN DEARBORN, MICHIGAN. THE PROPERTY IS PRESENTLY ZONED FOR 853 INDEPENDENT LIVING UNITS, 96 ASSISTED LIVING UNITS, AND 89 SKILLED NURSING BEDS. AS OF DECEMBER 31, 2019 THERE WERE 789 OCCUPIED UNITS, WHICH CONSISTED OF 627 INDEPENDENT LIVING UNITS, 94 ASSISTED LIVIING UNITS AND 68 SKILLED NURSING BEDS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0BRUCE BLALOCK
IRS990/Form990PartVIISectionAGrp/PersonNm1WAYNE HINDMARSH
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IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT O DISANTO
IRS990/Form990PartVIISectionAGrp/PersonNm4KAMEL ELKADRI
IRS990/Form990PartVIISectionAGrp/PersonNm5ADAM STERLING
IRS990/Form990PartVIISectionAGrp/PersonNm6KUSHANT SHAH
IRS990/Form990PartVIISectionAGrp/PersonNm7JOE LIPIEC TO 32219
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN BYRNE
IRS990/Form990PartVIISectionAGrp/PersonNm9CURT YUN
IRS990/Form990PartVIISectionAGrp/PersonNm10DR KAREN ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm11DR WALTER TALAMONTI
IRS990/Form990PartVIISectionAGrp/PersonNm12DONALD JESMORE
IRS990/Form990PartVIISectionAGrp/PersonNm13LINDA HIVELEY
IRS990/Form990PartVIISectionAGrp/PersonNm14PETER FALZON
IRS990/Form990PartVIISectionAGrp/PersonNm15MARY LOU POSA
IRS990/Form990PartVIISectionAGrp/PersonNm16LYNN FORD ALANDT
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2118992
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt2FORMER DIRECTOR OF NURSING
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF GENERAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF DINING
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF RESIDENT LIFE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO/VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16HONORARY BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01992
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt049296
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt039703930
IRS990/GrossRentsGrp/RealAmt0117572
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/FundraisingAmt07446
IRS990/InsuranceGrp/ManagementAndGeneralAmt0488951
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0PROMOTION OF HEALTH FOR THE ELDERLY BY PROVIDING A CONTINUING CARE RESIDENTIAL COMMUNITY LOCATED IN DEARBORN, MICHIGAN WITH RECREATIONAL, SOCIAL, AND RELIGIOUS ACTIVITIES FOR RESIDENTS.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-75999798
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IRS990/OccupancyGrp/TotalAmt02647609
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt011627202
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09383
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IRS990/OtherExpensesGrp/Desc0DIETARY AND RELATED SUP
IRS990/OtherExpensesGrp/Desc1BUILDING, GROUNDS AND M
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IRS990/OtherExpensesGrp/FundraisingAmt1577
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0832228
IRS990/PayrollTaxesGrp/TotalAmt0991199
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IRS990/ProgramServiceRevenueGrp/Desc0OCCUPANCY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ANCILLARY FEES
IRS990/ProgramServiceRevenueGrp/Desc2RESIDENT FEE AMORTIZATION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11921055
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21120905
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11921055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21120905
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0330821
IRS990/PYOtherExpensesAmt025151736
IRS990/PYOtherRevenueAmt0191855

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