Kalamazoo Area Christian Retirement Association

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/10/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

At our three communities of Park Village Pines, residents thrive through compassionate care, faith, and life-enriching relationships with staff, family, and friends.

Our faith-based heritage is at the core of our compassionate care. We have an outstanding reputation as a top provider of senior services in the Kalamazoo area with the state of Michigan's licensing authorities. Our residents are encouraged to be as independent as they want to be and offer a helping hand when certain parts of life become difficult. Park Village Pines has been providing for Kalamazoo's seniors for almost 40 years, making us the most experienced senior care community in the area.

Our modern, updated facilities are on a beautiful, secluded campus which has a country feel while conveniently located on the west side of Kalamazoo. A full range of social activities, events, group outings, and religious services are offered to give meaning and fulfillment to the life of our residents. Our Chaplain and Social Worker are also available for our residents any time for additional support.

Our non-profit status and Christian values allow us to be good stewards of our resources, only charge our residents for the care they need, and make it possible to not require large up-front payments or sign long-term leases. Park Village Pines is considered to be an excellent value in senior services and assisted care in the Kalamazoo area.


Contact information

Mailing address:
Kalamazoo Area Christian Retirement Association
2920 Crystal Lane
Kalamazoo, MI 49009

Website: parkvillagepines.org

Phone: 269-544-2034

Email: lindsaysmith@parkvillagepines.org


Organization details

EIN: 382437167

CEO/President: David Bos

Chairman: Jerry Whitaker

Board size: 11

Founder:

Year founded: 1983

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2012


Purpose

Our goal as a faith-based nonprofit is to provide excellent and affordable housing options guided by Christian principles, to promote independence, and provide quality care.


Mission statement

Our mission is to be the most responsible, innovative, and caring staff in the area.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating566 of 93829 of 59
Fund acquisition rating391 of 94018 of 59
Resource allocation rating413 of 94027 of 59
Asset utilization rating758 of 93846 of 59

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%3%28%43%20%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%1%1%1%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
78%7%3%2%3%3%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%0%1%1%1%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
22%93%97%98%97%97%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%82%80%80%80%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%99%97%98%92%89%
Program output ratio Program output ratio =
Program services /
Total revenue
76%81%77%79%74%71%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%1%3%2%8%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%1%5%3%14%22%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%18%19%19%19%20%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.960.730.820.860.770.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.724.346.595.395.606.46
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.753.185.374.624.314.79
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.235.561.744.013.833.42
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.180.570.250.260.29
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.823.090.951.952.061.77
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%52%51%51%54%60%
Debt ratio Debt ratio =
Debt /
Total assets
3%47%42%47%49%55%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
81%66%60%57%60%54%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,181,174$1,217,429$1,439,654$1,572,365$1,298,583
Receivables, inventories, prepaids$226,887$301,999$338,429$196,170$200,729
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,408,061$1,519,428$1,778,083$1,768,535$1,499,312
Long-term investments$0$0$0$0$0
Fixed assets$8,036,817$8,489,396$7,799,468$8,127,695$8,186,713
Other long-term assets$0$0$0$0$0
Total long-term assets$8,036,817$8,489,396$7,799,468$8,127,695$8,186,713
Total assets$10,444,878$10,008,824$9,577,551$9,896,230$9,686,025
 
Liabilities20202019201820172016
Payables and accrued expenses$433,184$871,456$443,188$462,192$438,222
Other current liabilities$0$0$0$0$0
Total current liabilities$433,184$871,456$443,188$462,192$438,222
Debt$4,940,337$4,160,051$4,457,879$4,844,121$5,315,864
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$26,500$60,986$30,986$35,075$35,075
Total long-term liabilities$4,966,837$4,221,037$4,488,865$4,879,196$5,350,939
Total liabilities$5,400,021$5,092,493$4,932,053$5,341,388$5,789,161
 
Net assets20202019201820172016
Without donor restrictions$4,999,485$4,916,331$4,645,498$4,554,842$3,896,864
With donor restrictions$45,372$0$0$0$0
Net assets$5,044,857$4,916,331$4,645,498$4,554,842$3,896,864
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$528,966$283,159$192,020$265,694$223,330
Program service revenue$7,149,878$8,109,792$8,172,984$8,013,753$7,828,020
Membership dues$0$0$0$0$0
Investment income$905$4,571$2,502$360$632
Other revenue$43,329$0$0$0$0
Total other revenue$7,194,112$8,114,363$8,175,486$8,014,113$7,828,652
Total revenue$7,723,078$8,397,522$8,367,506$8,279,807$8,051,982
 
Expenses20202019201820172016
Program services$6,260,050$6,498,800$6,586,110$6,096,915$5,735,729
Management and general$1,385,372$1,584,611$1,548,886$1,470,064$1,415,905
Fundraising$17,903$80,509$83,203$53,227$24,585
Total expenses$7,663,325$8,163,920$8,218,199$7,620,206$7,176,219
 
Change in net assets20202019201820172016
Surplus (deficit)$59,753$233,602$149,307$659,601$875,763
Other changes in net assets$0$0$0$0$0
Total change in net assets$59,753$233,602$149,307$659,601$875,763

Compensation

NameTitleCompensation
Dave BosCEO$165,948
Michelle MoggFinance Dire$113,825

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/10/2021. To update the information below, please email: info@ministrywatch.com


History

1979 - Representatives of a number of churches of the Reformed faith in the area initiate the effort to form an Association to seek members from area churches of the Reformed faith that will support the establishment of a Christian retirement home in Kalamazoo.

1983 - The Kalamazoo Area Christian Retirement Association (KACRA) purchases Park Village Pines, a retirement community built in 1979.

1994 - 25 acres bordering the west end of our campus was purchased.

1990s - Park Village Pines begins to broaden its scope of service from being a retirement home to an assisted living facility providing care for all seniors of the Kalamazoo area.

2000 - Crystal Woods, a 20-room memory care community was opened on the southeast edge of our campus property.

2005 - A 20-room addition on the west side of the original Park Village Pines was opened which featured larger rooms and two suites.

2011 - Oakview Terrace, a state-of-the-art residential community of 30 beds offering specialized care which connected Park Village Pines and Crystal Woods, was opened on the northeast edge of our property.

2018 - A nearly $2 million renovation was completed at Park Village Pines. Updates were made to the flooring, lighting, and electrical wiring. Renovations were made to our hallways, residential rooms, kitchen, and a new front lobby transforming many areas that needed refreshing.


Program accomplishments


Needs