2011-10-06T08:24:29-07:00 2011-03-31 990 2010-04-01 381586704 MICHIGAN CHRISTIAN HOME MICH 6162459179 1845 Boston SE Grand Rapids MI 49506 Rachel Olmsted 6162459179 2011-09-06 2010 2016-03-07 17:11:31Z Beacon Hill At Eastgate Jeffrey T Huegli 1919 Boston SE Grand Rapids MI 49506 4540740 0 X www.beaconhillgr.org X 1958 MI To provide quality residential and health care services to seniors in a tradition of Christian Community. 6 5 142 100 0 0 323474 182255 3687155 3862479 28933 -12509 27998 236509 4067560 4268734 0 0 0 0 2416028 2960899 0 0 0 2630056 5770915 5046084 8731814 -978524 -4463080 33736649 66057990 29643788 66428209 4092861 -370219 X To provide quality residential and health care services in a tradition of Christian Community. 1 0 6044769 3862479 Provide retirement housing in a Christian Community, with dining services, activities programming and healthcare services as needed. 0 0 0 6044769 1 1 0 0 0 0 0 0 1 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 1 163 0 1 142 1 0 0 0 0 1 1 1 1 0 0 0 1 1 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MI X Rachel Olmsted 6162459179 1919 Boston SE Grand Rapids MI 49506 Russell Watkins 0 X 0 0 0 Mark Pasma 0 X 0 0 0 Skip Knapp 0 X 0 0 0 Carl Dufendach 0 X 0 0 0 Michael Cypher 0 X 0 0 0 Scott Kearney 0 X 0 0 0 Jeffrey Huegli 50 X 130992 0 21536 Susan VanderWerf 50 X 84309 0 14014 Rachel Olmsted 50 X 94789 0 12173 310090 0 47723 1 0 1 0 Ashley Design 676 Myrtle Ave Holland MI 49423 Marketing & Advertising 138044 Greenbrier Development 3232 McKinney Ave Suite 1160 Dallas TX 75204 Development Services 855093 Design Plus 230 Fulton Street Grand Rapids MI 49503 Architectural 108607 0 0 0 0 0 0 182255 0 182255 Housing and healthcare services 623000 3862479 3862479 0 0 0 0 0 0 3862479 23043 0 0 23043 0 0 0 0 0 0 0 0 0 0 216320 200 215697 36375 623 -36175 -35552 0 0 -35552 27639 0 19934 7705 0 7705 Entrance Fee Revenue 623990 228804 228804 0 0 0 0 0 0 228804 4268734 4091283 0 -4804 0 0 0 0 0 0 0 0 261736 47128 214608 0 0 0 0 0 2265895 2010067 255828 0 37348 27134 10214 0 219070 189358 29712 0 176850 149840 27010 0 113806 96946 16860 0 4723 0 4723 0 33821 0 33821 0 0 0 0 0 0 0 0 0 0 0 148348 120811 27537 0 785960 0 785960 0 22816 0 22816 0 42334 0 42334 0 0 0 0 0 405979 387791 18188 0 0 0 0 0 0 0 0 0 25422 0 25422 0 960575 960575 0 0 0 0 0 0 1367093 1296643 70450 0 110797 110797 0 0 Supplies 238942 238942 0 0 Food 250581 250581 0 0 Building and Equipment Expense 139260 138280 980 0 Project Development 840006 0 840006 0 Swap Valuation Adjustment 243610 0 243610 0 36842 19876 16966 0 8731814 6044769 2687045 0 3130695 645018 6353610 25797932 281555 218309 192635 161186 27093 30008 23518 51321 38760116 4900691 3508942 33859425 20218601 5294791 33736649 66057990 2410149 3580216 12940000 36220000 2367449 193250 10856767 7298396 1069423 19136347 29643788 66428209 X 4080532 -371269 12329 1050 0 0 4092861 -370219 33736649 66057990 -4463080 0 X 0 1 1 X 0 X 309018 595095 360002 323474 182255 1769844 3408907 3523061 3579825 3687155 3865657 18064605 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3717925 4118156 3939827 4010629 4047912 19834449 13245 15135 3800 4531 11665 48376 0 0 0 0 0 0 13245 15135 3800 4531 11665 48376 19786073 112638 114763 121884 27558 23043 399886 0 0 0 0 0 0 112638 114763 121884 27558 23043 399886 0 0 0 0 0 0 11178 14513 4001 29373 236509 295574 3841741 4247432 4065712 4067560 4307464 20529909 0.96377 0.97354 0.01948 0.02094 X Part III, line 12: Entrance Fee Revenue $228,804, Net Income From Fundraising Events $7,705 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2031737 0 2031737 28155885 0 3313134 24842751 0 0 0 0 7977366 0 1341591 6635775 595128 0 245966 349162 33859425 Deferred Marketing Costs 4338641 Deferred Financing Fees 786993 Construction In Progress 169157 5294791 0 Refundable Entrance Deposits 12531100 Deferred Revenue from Entrance Deposits 5292212 Swap Market Value 1313035 19136347 4268734 8731814 -4463080 0 0 0 0 0 0 -4463080 4322533 0 0 0 -2310 -2310 4324843 0 -56109 -56109 4268734 8785617 0 0 0 56109 56109 8729508 0 2306 2306 8731814 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Deposits held for reservation of an apartment home. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Organization has evaluated the provisions of ASC Topic 740, Accounting for Uncertainty in Income Taxes. The evaluation was performed for the years 2007 through 2010, the years which remain subject to examination by major tax jurisdiction as of March 31, 2011. The Organization concluded that there are no significant uncertain tax positions requiring recognition in the Organization's 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 increase in the next twelve months. The Organization does not have any amounts accrued for interest and penalties related to UTB's at March 31, 2011, and is is not aware of any claims for such amounts by federal or state income tax authorities. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other Miscellaneous Expenses SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Direct expenses from fundraising events: $19,934, Loss on disposal of assets: $36,175 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expenses from fundraising events: $19,934, Loss on disposal of assets: $36,175 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other Miscellaneous Expenses Golf Outing 27639 0 27639 0 0 0 0 0 19934 0 0 27639 0 27639 0 0 0 0 0 19934 19934 7705 X 1 1 X X 0 0 0 0 0 0 0 0 0 Jeffrey Huegli 130992 0 0 0 0 0 0 0 21536 0 152528 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Health club membership is provided for all management level employees. 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 2009-12-17 4290000 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 Economic Development Corp of the City of GR 521701965 000000000 2010-12-23 5245000 Construction of New Community 0 0 0 0 0 8650000 0 1614451 0 182326 0 428172 6425051 0 0 2010 0 0 1 1 0 0 4290000 0 0 0 0 0 0 4290000 0 0 2010 0 0 1 1 0 0 18035000 0 1591175 0 210344 0 448423 15785058 0 0 2010 0 0 1 1 0 0 5245000 0 0 0 0 0 0 5245000 0 0 2010 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X 1 0 N/A 0 0 0 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 A stock donation was received as partial payment on a Pledge Receivable. The revenue associated with this pledge was booked in a prior fiscal year. F990_P03_S00_L02 Form 990, Part III, Line 2 New Independent Living Community opened in November 2010. F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b Committees meet on an "as needed" basis. Minutes of committee meetings are not regularly taken. Committees report meeting activities at regularly scheduled board meetings. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Board members receive an electronic or paper 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 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.