NonprofitsVillage East Inc

Religion-Related

Village East Inc

LOUISVILLE, KY

Total revenue

$1.8M

Total expenses

$1.8M

Net assets

Grants received

$34K

1 grants

EIN

611314723

Tax year

2018

Mission

The mission of village east, inc. Is to provide affordable quality retirement care including independent living with supportive services and assisted living services for senior citizens in a nurturing and christian environment regardless of a person's religion, race, color, creed, or need for financial assistance.

Programs

2 programs

Apartments - one or two bedroom apartment homes are available, for a monthly rent based on the residents monthly income to people age 55 or older. Optional services similar to patio home residents are available to apartment home residents. 29 apartments are available for rental.

Expenses: $303K

Patio homes (vam) - the organization gives residents the opportunity to purchase, through an entry fee contract, their own patio home. Revenues are derived from monthly maintenance fees for home maintenance, insurance, transportation, and activities. Optional services include home delivered meals, laundry service, housekeeping, and home health care. There are 24 apartment homes, which are purchased from the entity, with an agreement for re-purchase at a minimum price point, to ease concerns about liquidation should financial need arise.

Expenses: $285K

Financials

FY 2018

Revenue

Contributions & grants$253K
Program service revenue$1.3M
Investment income
Other revenue$196K
Total revenue$1.8M

Expenses

Grants paid
Salaries & benefits$478K
Fundraising$34K
Other expenses$1.3M
Total expenses$1.8M
Total assets$5.9M
Net assets

People

8 listed

NameRoleCompensation

CHRISTINA NEWMAN

Executive Dir.

Board

$90K

40 hrs/wk

RALPH WILSON

Director

Board

0

HENRIETTA BARKER

Secretary

Board

2 hrs/wk

KEN LIST

Treasurer

Board

1 hrs/wk

JIM BROWN

Vice President

Board

1 hrs/wk

SUSAN EICHER

President

Board

1 hrs/wk

JANICE STEPHENS

Director

Board

1 hrs/wk

LESLIE HALFACRE

Director

Board

0

Grants received

Showing 1 of 1

FromAmountPurposeYear
$34K
HEALTH CARE OPERATING EXPENSES
2021

Funded by

$34K from 1 funder · 1 grant · 2021

Village East Foundation Inc

$34K · 1 grant · 2021

Details

EIN611314723
NTEE codeX99
Subsection03
Ruling date2015-10
Formed1994
Employees25
Volunteers68
VILLAGE EAST INC — Mission, Financials & Grants Received | Grantivo