2012-11-14T09:43:52-07:00 2012-03-31 990 2011-04-01 381586704 MICHIGAN CHRISTIAN HOME MICH 6162459179 1845 Boston SE Grand Rapids MI 49506 Rachel Olmsted 6166088240 2012-11-02 2011 2016-02-24 21:20:13Z Beacon Hill At Eastgate Jeffrey Huegli 1919 Boston SE Grand Rapids MI 49506 7200478 0 X www.beaconhillgr.org X 1958 MI To provide quality residential and health care services to seniors in a tradition of Christian Community. 8 7 174 100 0 0 182255 51182 3862479 5296901 -12509 13270 236509 1718975 4268734 7080328 0 0 0 0 2960899 3882392 0 0 0 5770915 7888100 8731814 11770492 -4463080 -4690164 66057990 47991864 66428209 53052247 -370219 -5060383 To provide quality residential and health care services in a tradition of Christian Community. 0 0 7457622 0 5296901 To provide quality residential and health care services in a tradition of Christian Community. 0 0 0 7457622 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 1 174 1 0 0 0 0 1 1 1 1 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MI X Rachel Olmsted 6162459179 1919 Boston SE Grand Rapids MI 49506 Carl Dufendach 0 X 0 0 0 Michael Cypher 0 X 0 0 0 Scott Kearney 0 X 0 0 0 Russell Watkins 0 X 0 0 0 Mark Pasma 0 X 0 0 0 Skip Knapp 0 X 0 0 0 Kim Allen 0 X 0 0 0 Jeffrey Huegli 50 X 179233 0 18690 Susan VanderWerf 50 X 94256 0 9138 Rachel Olmsted 50 X 84744 0 8830 358233 0 36658 1 0 1 0 Greenbrier Development 3232 McKinney Ave Suite 1160 Dallas TX 75204 Development Services 287529 1 0 0 0 0 0 51182 8961 51182 Housing & Healthcare Services 623311 5296901 5296901 0 0 0 0 0 0 5296901 27389 0 0 27389 0 0 0 0 0 0 0 0 0 0 74820 7800 75759 20980 -939 -13180 -14119 0 0 -14119 41880 0 23411 18469 0 18469 Entrance Fee Revenue 623311 777167 777167 0 0 Swap Valuation Adjustment 623311 921909 0 0 921909 1430 1430 0 0 1700506 7080328 6075498 0 953648 0 0 0 0 0 0 0 0 330634 46966 283668 0 0 0 0 0 2997986 2739894 258092 0 42518 31507 11011 0 268680 230674 38006 0 242574 205602 36972 0 240117 73987 166130 0 10001 0 10001 0 29925 0 29925 0 4500 0 4500 0 0 0 0 0 0 0 160516 143452 17064 0 784588 0 784588 0 24444 0 24444 0 57658 0 57658 0 0 0 0 0 608877 587338 21539 0 0 0 0 0 0 0 0 0 30666 0 30666 0 2152493 2626 2149867 0 0 0 0 0 2497017 2334824 162193 0 139663 139663 0 0 Supplies 317469 317469 0 0 Project Development 200819 0 200819 0 Building & Equipment Expense 155030 155030 0 0 Food 385198 385198 0 0 89119 63392 25727 0 11770492 7457622 4312870 0 645018 3434989 25797932 6263877 218309 152450 161186 224049 30008 35996 51321 67020 39979255 6566189 33859425 33413066 5294791 4400417 66057990 47991864 3580216 1642446 36220000 26142669 193250 345902 7298396 2652061 19136347 22269169 66428209 53052247 X -371269 -5061361 1050 978 0 0 -370219 -5060383 66057990 47991864 -4690164 0 X 0 1 1 X 0 X 595095 360002 323474 182255 51182 1512008 3523061 3579825 3687155 4091283 6074068 20955392 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4118156 3939827 4010629 4273538 6125250 22467400 15135 3800 4531 11665 10290 45421 0 0 0 0 0 0 15135 3800 4531 11665 10290 45421 22421979 114763 121884 27558 23043 27389 314637 0 0 0 0 0 0 114763 121884 27558 23043 27389 314637 0 0 0 0 0 0 14513 4001 29373 7705 19889 75481 4247432 4065712 4067560 4304286 6172528 22857518 0.98095 0.96377 0.01377 0.01948 X Net income from Fundraising Events. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 4500 4500 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Specialized attorney engaged to lobby against elimination of Renaissance Zone benefits for the residents at Beacon Hill. 0 1 2267098 38066 5935 0 163090 0 2148009 2328213 53748 9570 0 124433 0 2267098 1540577 1120646 21588 0 354598 0 2328213 1486794 75907 53783 0 75907 0 1540577 1 0 0 0 0 2031737 0 2031737 29077299 0 4249504 24827795 0 0 0 0 8225805 0 2028718 6197087 644414 0 287967 356447 33413066 Deferred Marketing Costs 3809595 Deferred Financing Costs 510178 Construction In Progress 80644 4400417 0 Refundable Entrance Deposits 15147500 Deferred Revenue from Entrance Deposits 6730543 Swap Market Value 391126 22269169 7080328 11770492 -4690164 0 0 0 0 0 0 -4690164 7106894 0 0 0 -10025 -10025 7116919 0 -36591 -36591 7080328 11797058 0 0 0 36591 36591 11760467 0 10025 10025 11770492 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Deposits held for reservation of an apartment home. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Mary and Martha Fund provides sustained benevolent care for residents of Beacon Hill At Eastgate. The subsidies are provided to qualified residents whose assets and income are insufficient to meet their ongoing cost of care. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Organization analyzed its filing positions in the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The Organization has also elected to retain its existing accounting policy with respect to the treatment of interest and penalties attributable to income taxes, and continues to reflect any charges for such, to the extent they arise, as a component of its administrative expenses. The continued application of ASC Topic 740 has had no significant impact on the Organization's financial statements. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other miscellaneous expenses $10,025 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Direct expenses from Fundraising Events $23,411; Loss on Disposal of Assets $13,180 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expenses from Fundraising Events $23,411; Loss on Disposal of Assets $13,180 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other miscellaneous expenses $10,025 Golf Outing 41880 0 41880 0 0 0 0 0 23411 0 0 41880 0 41880 0 0 0 0 0 23411 23411 18469 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Jeffrey Huegli 145319 0 33913 0 0 0 0 0 18690 0 197922 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Bonus payments are grossed up for payroll taxes as approved by the Board of Directors. Health club membership is provided to the President as approved by the Board of Directors. Economic Development Corp of the City of GR 521701965 000000000 2009-12-17 8650000 Construction of New Community 0 0 0 Economic Development Corp of the City of GR 521701965 000000000 2010-12-23 18035000 Construction of New Community 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 Kearney & Associates See Supplemental 74400 Marketing Consulting Services 0 F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b Minutes are taken at all Executive Committee meetings. All other committees report meeting activities at regularly scheduled meetings of the Board of Directors. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Finance Committee members of the Board of Directors receive an electronic copy of Form 990 for review and comment prior to filing the return. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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. 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available to the public upon request.