GREENCROFT RETIREMENT COMMUNITIES … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

5745374000

Tax Period

2024-07-01 to 2025-06-30

GREENCROFT RETIREMENT COMMUNITIES INC, founded in 2002, is a mid-sized nonprofit in the Human Services sector that reported $13.3M in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum.

Mission

GREENCROFT COMMUNITIES CREATES DYNAMIC LIVING COMMUNITIES THAT EMBRACE THE CREATIVITY, CONTRIBUTIONS AND CHALLENGES OF AGING FOR ALL, GROUNDED IN SERVICE EXCELLENCE, COMPASSIONATE CARE AND MENNONITE VALUES.

Program Service Accomplishments

Program 1

Expenses: $11,647,117 Revenue: $13,284,434

GREENCROFT RETIREMENT COMMUNITIES, INC (GRC) IS THE SPONSOR OF THIRTEEN NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) AND HUD FACILITIES. GRC PROVIDES THEM WITH SUPPORT AND SERVICES...

GREENCROFT RETIREMENT COMMUNITIES, INC (GRC) IS THE SPONSOR OF THIRTEEN NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) AND HUD FACILITIES. GRC PROVIDES THEM WITH SUPPORT AND SERVICES, AND GIVES 2,200 ELDERLY RESIDENTS OF ALL ECONOMIC LEVELS AN ENVIRONMENT THAT EMBRACES THEIR CREATIVITY AND CONTRIBUTIONS, AS WELL AS THE CHALLENGES OF AGING. AT LEAST 30 PERCENT OF RESIDENTS HAVE INCOME BELOW THE FEDERAL POVERTY LINE. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITIES FOUNDATION (ANOTHER RELATED ORGANIZATION) IF THEIR ASSETS RUN OUT. FOR THE ORGANIZATION, AS A WHOLE, OVER 9% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES INDIGENT/CHARITY CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,260,950

Investment Income $23,976

Other Revenue $23,484

TOTAL REVENUE $13,308,410

Expense Breakdown

Grants Paid $12,830

Salaries & Benefits $9,556,031

Fundraising Expenses $0

Program Expenses $11,647,117

Other Expenses $4,869,630

TOTAL EXPENSES $14,438,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,308,410	$7,448,238	+0.8%
Expenses	$14,438,491	$8,155,333	+0.8%
Net Income	$-1,130,081	$-707,095	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,399,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE WOODWORTH	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JULIE CROSSLEY	CHAIR	1.0	Officer Director	$0	$0	$0
JIM EVANS	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM RIDENOUR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOE CAFFEE	BOARD MEMBER	1.0	Director	$0	$0	$0
JONATHAN GEISER	BOARD MEMBER	1.0	Director	$0	$0	$0
STEVE GARBODEN	BOARD MEMBER	1.0	Director	$0	$0	$0
WES HERSCHBERGER	BOARD MEMBER	1.0	Director	$0	$0	$0
AIMEE RIEMKE	ASSISTANT SECRETARY	31.0	Officer	$162,518	$31,415	$193,933
CALLIE SELNER HARTUNG	ASSISTANT TREASURER (LEFT 08/24)	33.0	Officer	$60,386	$7,612	$67,998
ERIC HERSHBERGER	ASSISTANT TREASURER (LEFT 04/25)	31.0	Officer	$89,803	$5,564	$95,367
HUGH DAVIS	PRESIDENT	45.0	Officer	$523,005	$12,855	$535,860
LYNDA OLINSKI	TREASURER	41.0	Officer	$286,917	$14,689	$301,606
RYDELL BONTRAGER	SECRETARY	31.0	Officer	$160,883	$43,366	$204,249
CHANDRA STRADLING	VICE PRESIDENT (LEFT 11/24)	40.0	Highest	$312,862	$10,128	$322,990
JINNY LONGBRAKE	VP HUMAN RESOURCES	40.0	Highest	$241,350	$36,156	$277,506
JOSEPH DORAN	ADMIN SOUTHFILED VILLAGE	40.0	Highest	$164,766	$30,525	$195,291
LINDA O'NEILL	ADMIN - GREENCROFT GOSHEN (LEFT 05/25)	40.0	Highest	$225,825	$14,630	$240,455
STEVEN SCHAAF	ADMIN - GOLDEN YEARS HOMESTEAD	40.0	Highest	$201,576	$26,812	$228,388
MARK KING	FORMER PRESIDENT (LEFT 2/24)	45.0		$857,321	$2,319	$859,640

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$13,308,410	$14,438,491	$27,731,443	$-1,130,081
2024	$7,448,238	$8,155,333	$14,688,229	$-707,095
2023	$7,127,630	$7,480,528	$14,149,896	$-352,898
2022	$6,819,841	$6,747,881	$13,639,127	$71,960
2021	$6,552,815	$6,330,078	$12,725,150	$222,737
2020	$5,946,338	$6,264,518	$13,036,016	$-318,180
2019	$5,127,135	$5,417,312	$11,226,375	$-290,177
2018	$4,935,580	$5,492,967	$9,683,597	$-557,387

GREENCROFT RETIREMENT COMMUNITIES INC