Overview
What is Holland Home?
Holland Home is a Grand Rapids, Michigan-based nonprofit organization that offers nursing and residential care at two campuses, catering to an average of around 1,290 residents daily. Residents receive care in skilled nursing (approximately 120 per day), assisted living (approximately 220 per day), and independent living (approximately 950 per day). In assisted living, the organization offers financial assistance to approximately 25%, or 60, residents, totaling $1.8 million. In skilled nursing, 70 residents (60%) are on Medicaid, and 12 residents (10%) are on Medicare. Although Medicaid payments do not cover the full cost of care, the organization provides an additional approximately $2.5 million in uncompensated care. With a mission to serve aged persons with love, compassion, and a commitment to excellence, following Christ's teachings, Holland Home employs a workforce of 1,265 individuals.
Official website here: www.hollandhome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Holland Home has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. The rating is primarily based on its Accountability & Finance score, which emphasizes the organization’s commitment to transparency and responsible financial practices.
The charity has demonstrated strong governance with a majority of independent board members and a clear conflict of interest policy. It also scores highly in areas such as financial audits and maintaining detailed board meeting minutes, reflecting a comprehensive approach to oversight and compliance.
While the financial management appears sound with a program expense ratio of 90.91%, which suggests a high percentage of funds directed towards its mission, the overall rating indicates room for improvement in areas beyond financial metrics. This could provide opportunities for Holland Home to enhance its impact and outreach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Holland Home legitimate?
Holland Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holland Home submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $936,963
Professional Fundraising Fees: $15,665
Other Salaries and Wages: $35,256,567
For more financial information, click here
Official website here: www.hollandhome.org
What is the mission statement of Holland Home?
Holland Home is a non-profit organization dedicated to serving aged individuals with love, compassion, and a commitment to excellence. It strives to follow Christ's teachings in all aspects of its operations. The organization provides nursing and residential care, with approximately 1,290 residents benefiting from its services every day. These services include skilled nursing, assisted living, and independent living. In assisted living, Holland Home offers financial assistance to about 60 residents, amounting to $1.8 million in benevolence. In skilled nursing, around 70 residents rely on Medicaid, and the organization covers an additional $2.5 million in uncompensated care for them. In total, the organization provided approximately $4.3 million in benevolence in 2022.
Official website here: www.hollandhome.org
Who is the CEO of Holland Home?
Troy Vugteveen is the Chief Medical Consultant of Holland Home. The CEO's salary of Holland Home is $176,851 and their total compensation is $176,851.
Official website here: www.hollandhome.org
What is the revenue of Holland Home?
Holland Home's revenue in 2022 was $69,201,377.
Official website here: www.hollandhome.org
Who are the executives of Holland Home and what are their salaries?
The average compensation at Holland Home during 2022 was $28,611. There are 1265 employees and 467 volunteers at Holland Home.
Here are 21 key members and their salaries (Holland Home's CEO's salary is $176,851 and their total compensation is $176,851):
- Compensation: $358,937
- Related: $0
- Other: $0
- Compensation: $321,781
- Related: $0
- Other: $0
- Compensation: $281,883
- Related: $0
- Other: $0
- Compensation: $255,554
- Related: $0
- Other: $26,135
- Compensation: $228,431
- Related: $0
- Other: $0
- Compensation: $214,317
- Related: $0
- Other: $0
- Compensation: $187,507
- Related: $0
- Other: $0
- Compensation: $176,851
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hollandhome.org
Where can I find the form 990 for Holland Home?
Holland Home's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hollandhome.org
Learn more at the official website: www.hollandhome.org
Mission Statement of Holland Home
Holland Home, a nonprofit organization, is dedicated to serving aged persons with love, compassion, and a commitment to excellence. In accordance with their divine calling, they deliver top-notch nursing and residential care to approximately 1,290 residents daily. This care is provided in three levels: skilled nursing for around 120 individuals, assisted living for around 220, and independent living for about 950. Holland Home extends financial assistance to around 60 assisted living residents, amounting to $1.8 million in benevolence. In skilled nursing, they serve around 70 residents, 60% of whom are on Medicaid and 10% on Medicare. The organization goes above and beyond by providing an additional $2.5 million in uncompensated care to those on Medicaid. Thus, Holland Home's benevolence reaches a total of $4.3 million annually. With a dedication to following Christ's teachings and example, this organization offers more than just care – it offers compassion and a sense of community to its elderly residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Holland Home significantly enhances the quality of life for elderly residents in greater Grand Rapids, Michigan, by offering a comprehensive range of nursing, therapy, and residential services. Serving an average of 1,290 residents daily across its skilled nursing, memory care, assisted living, and independent living facilities, Holland Home is committed to delivering care that embodies love, compassion, and excellence.
Every day, approximately 120 residents receive skilled nursing care, while around 220 individuals benefit from assisted living services. Notably, Holland Home provides vital financial assistance, enabling approximately 25% of assisted living residents—around 60 individuals—to receive support totaling about $1.8 million. In skilled nursing, a significant portion of residents relies on Medicaid, with the organization serving an average of 70 such individuals, accounting for 60% of that population. However, the reimbursements from Medicaid fall short of covering the full cost of care, leading to approximately $2.5 million in uncompensated care provided by Holland Home.
In total, the organization contributed around $4.3 million in benevolence in 2022, ensuring that elderly individuals receive the necessary support to live with dignity and comfort, regardless of their financial circumstances. By upholding its mission to nurture aged persons with compassion and a commitment to excellence, Holland Home plays a crucial role in enriching the lives of vulnerable populations within the community.
This information is meant to be a general summary of Holland Home. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $635,438
- Program Service Revenue: $64,621,470
- Gross Receipts: $74,071,361
Assets and Liabilities:
- Total Assets: $253,276,947
- Total Liabilities: $237,996,565
- Net Assets: $15,280,382
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HFA, AFC and Independent Living
Revenue
$20,444,947
Medicare/Medicaid
Revenue
$6,674,055
Skilled Nursing
Revenue
$7,931,672
Amortization of Endowments
Revenue
$6,913,337
Ancillary Revenue
Revenue
$896,783
Organization Details
Founding Year
1892
Phone
(616) 235-5015Principal Officer
Troy Vugteveen
Main Address
2100 Raybrook St SE Ste 300, Grand Rapids, MI, 49546
Website
www.hollandhome.orgNTEE Category
Code: P70Z - Human services
If you are a representative of Holland Home and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.