2011-08-23T08:20:13-07:00 2010-03-31 990 2009-04-01 381586704 MICHIGAN CHRISTIAN HOME MICH 6162459179 1845 Boston SE Grand Rapids MI 49506 Rachel Olmsted 6162459179 2010-10-20 2009 2016-02-24 21:20:13Z Beacon Hill At Eastgate Jeffrey T Huegli 1845 Boston SE Grand Rapids MI 49506 4217100 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 5 103 100 0 0 360002 323474 3579825 3687155 59867 28933 66018 27998 4065712 4067560 0 0 2301510 2416028 0 0 1320725 2630056 3622235 5046084 443477 -978524 15497248 33736649 9356436 29643788 6140812 4092861 To provide quality residential and health care services in a tradition of Christian Community. 0 0 2802205 3687155 Provide retirement housing in a Christian Community, with dining services, activities programming and healthcare services as needed. 0 0 0 2802205 1 1 0 0 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 1 18 0 1 103 1 0 0 0 0 1 1 1 1 0 0 0 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 1845 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 190382 0 16939 Susan VanderWerf 50 X 88177 0 8622 Rachel Olmsted 50 X 83112 0 7943 361671 0 33504 1 0 1 0 Ashley Design 676 Myrtle Ave Holland MI 49423 Marketing & Advertising 164988 Greenbrier Development 3232 McKinney Ave Suite 1160 Dallas TX 75204 Development Services 997125 2 0 0 0 0 0 323474 0 323474 Resident Home 623000 609949 609949 0 0 Assisted Living 623000 754248 754248 0 0 Health Care Center 623000 2099683 2099683 0 0 Processing Fees 623000 15700 15700 0 0 Apartments 623000 207575 207575 0 0 0 0 0 0 3687155 27558 0 0 27558 0 0 0 0 0 0 0 0 0 0 135000 0 133625 0 1375 0 1375 0 0 1375 43795 0 15915 27880 0 0 27880 118 0 0 118 118 4067560 3687155 0 56931 344966 45738 299228 1728884 1642126 86758 34986 24370 10616 155663 130922 24741 151529 127732 23797 2166 2166 25817 25817 115070 98164 16906 40909 40909 8042 8042 18676 18676 185072 185072 1593685 1593685 82500 82500 Food 187473 187473 0 0 Repairs and maintenance 65487 65239 248 0 Supplies 165696 165696 0 0 Quality Assurance Tax 20375 20375 0 0 Project Financing Costs 53598 0 53598 0 65490 26798 38692 0 5046084 2802205 2243879 0 2659944 3130695 2276033 6353610 281555 180702 192635 18636 27093 55246 23518 8002299 4493357 3693770 3508942 6612917 20218601 15497248 33736649 923125 2410149 12940000 2368510 2367449 6064801 10856767 1069423 9356436 29643788 X 5405357 4080532 735455 12329 0 0 6140812 4092861 15497248 33736649 X 0 1 1 X 0 X 143406 309018 595095 360002 323474 1730995 3101897 3408907 3523061 3579825 3687155 17300845 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3245303 3717925 4118156 3939827 4010629 19031840 0 13245 15135 3800 4531 36711 0 0 0 0 0 0 0 13245 15135 3800 4531 36711 18995129 31796 112638 114763 121884 27558 408639 0 0 0 0 0 0 31796 112638 114763 121884 27558 408639 0 0 0 0 0 0 11851 11178 14513 4001 29373 70916 3288950 3841741 4247432 4065712 4067560 19511395 0.97354 0.97 0.02094 0.02 X Gain on sale of investments, Net income from fundraising events, miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 2031737 2031737 0 4274062 3174282 1099780 0 0 0 0 0 1696500 1319075 377425 0 0 0 0 3508942 Construction In Progress 15251131 Deferred Marketing Costs 4119116 Deferred Financing Costs 848354 20218601 Interest Rate Swap Obligation 1069423 1069423 4067560 5046084 -978524 0 0 0 0 -1069423 -1069423 -2047947 4083114 0 0 0 0 0 4083114 0 -15554 -15554 4067560 6131061 0 0 0 1084977 1084977 5046084 0 0 0 5046084 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Escrow funds held for future residents of a new community under construction, resident trust funds held for residents of assisted living and skilled nursing. SchD_P10_S00_L00 Schedule D, Part X The Organization adopted the provisions of ASC Topic 740 effective April 2009 and accordingly 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 those 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 changes for such to the extent that they arise as a component of its operating expenses. The adoption of ASC Topic 740 had no significant impact on the Organization's financial statements. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Interest rate swap valuation adjustment. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Direct expense from fundraising events and miscellaneous revenue. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expense from fundraising events and interest rate swap valuation adjustment. Golf Outing 43795 0 43795 0 500 0 0 0 15415 0 0 43795 0 43795 0 500 0 0 0 15415 15915 27880 X 1 1 X 0 0 0 0 0 0 0 0 0 Jeffrey Huegli 142382 0 48000 0 0 0 0 0 16939 0 207321 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Monthly health club membership dues. Economic Development Corp of the City of GR 521701965 2009-12-17 8650000 Construction of New Community 0 0 Econimic Development Corp of the City of GR 521701965 2009-12-17 4290000 Construction of new community 0 0 8650000 0 0 0 0 0 8650000 2010 0 0 1 1 4290000 0 0 0 0 0 4290000 2010 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b Committees meet on an "as needed" basis. Minutes of the meetings are not taken. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Each board member is given a printed copy of the draft 990 for review prior to the filing of the form. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Conflict of interest disclosure statements are completed by all board members 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 annually. 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 annually. 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. Paper return has already been filed. Electronic filing is being submitted pursuant to Notice Number CP-254 sent on 7/19/11.