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Lifecare Inc

Friendship Village

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 382067110 ✦ Kalamazoo, MI ✦ Designated as a 501(c)(3)

Overview

What is Lifecare Inc?

Lifecare Inc, also known as Friendship Village, is a Michigan-based nonprofit organization devoted to providing housing, food, and nursing care for the elderly. Established and operating retirement facilities, they aim to maintain a comfortable environment for senior citizens. Lifecare Inc extends a helping hand to those in need by offering charitable services to indigent residents, providing approximately $201,896 in assistance during 2022. Their mission is to create and manage retirement communities in Michigan, providing essential services under its hardship discount policy at reduced rates or even free of charge. The organization, with a workforce of 480 employees, ensures the well-being of its residents and offers them a sense of community and security.


Official website here: www.friendshipvillagemi.com

Is Lifecare Inc legitimate?

Lifecare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifecare Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $286,876
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,372,692

For more financial information, click here


Official website here: www.friendshipvillagemi.com

What is the mission statement of Lifecare Inc?

Lifecare Inc is dedicated to providing housing, food, nursing care, and related services to senior citizens. Their mission is to establish, operate, and maintain retirement facilities for the elderly, offering a place of care and support for those who meet certain criteria. The organization goes above and beyond by offering charitable services to indigent residents, providing an estimated $201,896 in charitability during 2022, without charging or at reduced rates. Lifecare Inc aims to enhance the quality of life for the elderly population by ensuring their essential needs are met.


Official website here: www.friendshipvillagemi.com

Who is the CEO of Lifecare Inc?

Tim Cain is the President of Lifecare Inc.


Official website here: www.friendshipvillagemi.com

What is the revenue of Lifecare Inc?

Lifecare Inc's revenue in 2022 was $27,431,329.


Official website here: www.friendshipvillagemi.com

Who are the executives of Lifecare Inc and what are their salaries?

The average compensation at Lifecare Inc during 2022 was $22,207. There are 480 employees and 30 volunteers at Lifecare Inc.

Here are 20 key members and their salaries:

    Betsy Bale (Executive Director)
  • Compensation: $170,481
  • Related: $0
  • Other: $11,156

    • Kenneth Greschak (Director Of Fund Development)
  • Compensation: $102,919
  • Related: $0
  • Other: $59,836

    • Diana Duncan (Marketing Director)
  • Compensation: $105,905
  • Related: $0
  • Other: $22,769

    • Kathryn Harmon (Administrator)
  • Compensation: $116,395
  • Related: $0
  • Other: $12,222

    • Thomas Eller (Marketing)
  • Compensation: $102,212
  • Related: $0
  • Other: $0

    • Tyler Gibb (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ean Hamilton (1St Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Simone Schicker (2Nd Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Breyfogle (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Wilson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamayi Bwititi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Hadden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Kurth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vicki Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Mcleod (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derl Oberlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bj Predum - Part Year (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Ullrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.friendshipvillagemi.com

    Where can I find the form 990 for Lifecare Inc?

    The Lifecare Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.friendshipvillagemi.com

    Learn more at the official website: www.friendshipvillagemi.com

    Mission Statement of Lifecare Inc

    Lifecare Inc, a Michigan-based organization, is dedicated to establishing, operating, and maintaining retirement facilities for the elderly. With a mission to provide housing, food, nursing care, and other related services to senior citizens, Lifecare goes above and beyond to ensure the well-being of its residents. The organization is deeply committed to its cause and extends support to those who meet certain criteria under its Hardship Discount Policy, offering indigent residents charitable care without charge or at reduced rates. In 2022, Lifecare provided approximately $201,896 in charitability to those in need. The organization's compassionate approach and unwavering dedication to the elderly have made it a valuable resource in the community.

    Impact

    This information is meant to be a general summary of Lifecare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lifecare Inc's impact is significant in providing essential services to senior citizens in Michigan. By offering housing, food, nursing care, and related services, Lifecare Inc plays a crucial role in ensuring the well-being and comfort of elderly residents. Additionally, the organization's commitment to providing care to residents who meet specific criteria under its hardship discount policy, either free of charge or at reduced rates, demonstrates a strong dedication to supporting those in need. In 2022 alone, Lifecare Inc estimated that it provided approximately $201,896 of charity to indigent residents, further exemplifying its commitment to serving the community. Through its mission to establish and maintain retirement facilities for the elderly, Lifecare Inc positively impacts the lives of senior citizens in Kalamazoo, MI, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $144,179
  • Program Service Revenue: $21,532,423
  • Gross Receipts: $30,341,731

    • Assets and Liabilities:
  • Total Assets: $60,766,644
  • Total Liabilities: $58,933,618
  • Net Assets: $1,833,026
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    APARTMENT & SVC FEES

    Revenue

    $9,491,741

    ASSISTED LIVING

    Revenue

    $5,465,136

    MEDICAL CENTER REV.

    Revenue

    $4,385,377

    DEF. REC-ADV/RF FEES

    Revenue

    $1,797,258

    RESIDENT MEALS

    Revenue

    $290,166

    Organization Details

    Founding Year

    1971

    Principal Officer

    Tim Cain

    Main Address

    1400 N DRAKE ROAD, KALAMAZOO, MI, 49006

    NTEE Category

    Code: P750 - Human services

    If you are a representative of Lifecare Inc 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.