Hubbard Hill Estates Inc

EIN: 351362157 501(c)(3) Housing & Shelter

Elkhart, IN

Total Revenue
$22,130,639
Total Expenses
$23,013,693
Total Assets
$47,134,800
Net Assets
$7,200,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IN
Principal Officer
Patrick Pingel
Phone
5742956260
Tax Period
2024-07-01 to 2025-06-30

Hubbard Hill Estates Inc, founded in 1975, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To honor the unique life wisdom of each person we serve by providing person centered living options in a Christian holistic environment.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $733,445
Program Service Revenue $20,717,138
Investment Income $409,619
Other Revenue $270,437
TOTAL REVENUE $22,130,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,023,938
Fundraising Expenses $120,285
Program Expenses $19,082,339
Other Expenses $7,989,755
TOTAL EXPENSES $23,013,693

Year-over-Year Comparison

2024 2023 Change
Revenue $22,130,639 $19,871,241 +0.1%
Expenses $23,013,693 $21,519,830 +0.1%
Net Income $-883,054 $-1,648,589 -0.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
374
Volunteers
10

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
9
$571,480
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Conrad Chairperson 1.00
Officer Director
$0 $0 $0
Dave Dekker Vice Chairperson 1.00
Officer Director
$0 $0 $0
Bruce Korenstra Treasurer 1.00
Officer Director
$0 $0 $0
Deb Gillum Secretary 1.00
Officer Director
$0 $0 $0
Dan Bridges Volunteer Board Member 1.00
Director
$0 $0 $0
Ron Clark Volunteer Board Member 1.00
Director
$0 $0 $0
Jim Dubois Volunteer Board Member 1.00
Director
$0 $0 $0
Dr Steven Cramer Volunteer Board Member 1.00
Director
$0 $0 $0
Ken Fervida Volunteer Board Member 1.00
Director
$0 $0 $0
Ronda Powell Volunteer Board Member 1.00
Director
$0 $0 $0
Erica Prough Volunteer Board Member 1.00
Director
$0 $0 $0
Rev Jason Rohde Volunteer Board Member 1.00
Director
$0 $0 $0
Dr Doyle Yeager Volunteer Board Member 1.00
Director
$0 $0 $0
Patrick Pingel Chief Executive Officer 40.00
Officer
$201,816 $35,883 $237,699
Michael Cummins Chief Financial Officer as of 3/25 40.00
Officer
$0 $0 $0
Adam Allsop Chief Financial Officer until 3/25 40.00
Officer
$173,261 $8,624 $181,885
Anne Krouse Chief Operating Officer 40.00
Officer
$0 $0 $0
Terry Schollmeier Chief Operating Officer until 12/24 40.00
Officer
$145,255 $6,641 $151,896
Dena Benham Director of Resident Experience 40.00
Highest
$102,307 $4,639 $106,946
Jon Dezel Dwin Tan Nurse 40.00
Highest
$103,671 $10,684 $114,355
Michelle Craven Director HR & ELC 40.00
Highest
$105,716 $10,118 $115,834
Ruchit Patel Nurse 75.00
Highest
$109,567 $21,309 $130,876
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 $22,130,639 $23,013,693 $47,134,800 $-883,054
2025 $22,130,639 $23,013,693 $47,134,800 $-883,054
2024 $19,871,241 $21,519,830 $48,928,607 $-1,648,589
2023 $21,371,636 $19,927,489 $49,083,846 $1,444,147
2022 $19,234,457 $16,662,691 $41,041,811 $2,571,766
2021 $16,327,220 $15,636,535 $40,723,668 $690,685
2020 $17,675,316 $15,661,239 $38,748,141 $2,014,077
2019 $12,947,195 $12,257,846 $36,594,159 $689,349
2018 $12,676,842 $11,824,746 $25,167,500 $852,096
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