HOLLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RESTHAVEN, founded in 1945, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $27.2M left a modest 12% surplus.
RESTHAVEN'S MISSION IS TO GLORIFY GOD BY PROVIDING A CONTINUUM OF QUALITY CARE AND SERVICES THAT DEMONSTRATES THE LOVE AND COMPASSION OF JESUS CHRIST.
RESTHAVEN CARE CENTER - PROVIDES MEDICAL REHABILITATION, LONG-TERM CARE SERVICES, AND MEMORY SUPPORT FOR SENIORS IN HOLLAND, MI. SERVING AN AVERAGE OF 140 RESIDENTS PER DAY. THE CARE AND SERVICES ARE...
RESTHAVEN CARE CENTER - PROVIDES MEDICAL REHABILITATION, LONG-TERM CARE SERVICES, AND MEMORY SUPPORT FOR SENIORS IN HOLLAND, MI. SERVING AN AVERAGE OF 140 RESIDENTS PER DAY. THE CARE AND SERVICES ARE PROVIDED IN A COMFORTABLE, HOME-LIKE SURROUNDING, INCLUDING TWO SMALL HOUSE MODELS OF 10 RESIDENTS EACH. THE INDIVIDUAL'S PHYSICAL, SPIRITUAL, AND SOCIAL NEEDS ARE SUPPORTED. RESTHAVEN CARE CENTER PROVIDES SERVICES TO THOSE WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. MEDICAID ELIGIBLE RESIDENTS ACCOUNT FOR APPROXIMATELY 70% OF THE CENSUS. THE ORGANIZATION PROVIDES UNCOMPENSATED COST OF PRIVATE ROOMS TO MANY OF THOSE ON MEDICAID AND A HIGHER STAFFING RATIO OF CAREGIVERS THAN MANDATED BY MEDICAID TO PROMOTE PERSON-CENTERED CARE FOR RESIDENTS.
RESTHAVEN MAPLE WOODS - AN AFFORDABLE ASSISTED LIVING FACILITY THAT PROVIDES SENIORS WITH 3 MEALS PER DAY, SOCIAL OPPORTUNITIES AND A SUPERVISED ENVIRONMENT TO PROMOTE THEIR HIGHEST LEVEL OF...
RESTHAVEN MAPLE WOODS - AN AFFORDABLE ASSISTED LIVING FACILITY THAT PROVIDES SENIORS WITH 3 MEALS PER DAY, SOCIAL OPPORTUNITIES AND A SUPERVISED ENVIRONMENT TO PROMOTE THEIR HIGHEST LEVEL OF INDEPENDENCE, WHILE PROVIDING SUPPORTS NEEDED TO HELP THEM REMAIN IN THE COMMUNITY. MAPLE WOODS PROVIDES UNCOMPENSATED SERVICES TO THOSE ON MEDICAID AND THOSE RECEIVING SUPPLEMENTAL SOCIAL SECURITY INCOME, APPROXIMATELY 37% OF RESIDENTS AT THIS TIME. DUE TO ITS AFFORDABILITY, RESTHAVEN IS ABLE TO SERVE MANY RESIDENTS WITH INCOMES OF 50% AMI OR LESS AT MAPLE WOODS. THERE IS ALSO A SEPARATE 24-BED SMALL HOUSE MODEL ASSISTED LIVING ON THE MAPLE WOODS CAMPUS.
THE WARM FRIEND- AN INDEPENDENT LIVING FACILITY WITH 58 APARTMENTS FOR SENIORS, SERVING APPROXIMATELY 66 RESIDENTS. THE WARM FRIEND PROVIDES LIFE ENRICHMENT, DINING OPTIONS AND 24 HR ONSITE STAFF TO...
THE WARM FRIEND- AN INDEPENDENT LIVING FACILITY WITH 58 APARTMENTS FOR SENIORS, SERVING APPROXIMATELY 66 RESIDENTS. THE WARM FRIEND PROVIDES LIFE ENRICHMENT, DINING OPTIONS AND 24 HR ONSITE STAFF TO HELP SENIORS REMAIN INDEPENDENT IN THE COMMUNITY
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $30,920,912 | $26,895,670 | +0.1% |
| Expenses | $27,174,473 | $25,243,943 | +0.1% |
| Net Income | $3,746,439 | $1,651,727 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NATE BAUMANN | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG DELEEUW | BOARD VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB CARLSON | BOARD TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN VANDERKLOK | BOARD SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID LUTZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAITLIN DEMAAGD | TRUSTEE-PARTIAL YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| HAANS MULDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE STERKEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM VANPUTTEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARB KLEINHEKSEL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HANNAH CLARK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEEDRE SCHUCKERT | PRESIDENT/CEO | 50.00 |
Officer
|
$295,911 | $17,315 | $313,226 |
| SETH WEENER | CHIEF FINANCIAL OFFICER | 50.00 |
Officer
|
$185,836 | $34,058 | $219,894 |
| MIKE ADAMS | DIRECTOR OF HUMAN RESOURCES | 50.00 |
Highest
|
$109,927 | $16,872 | $126,799 |
| PATRICK CIOFFI | DIRECTOR OF FACILITY OPERATIONS | 50.00 |
Highest
|
$109,090 | $34,138 | $143,228 |
| MARY WIKSTROM | RN CHARGE NURSE | 51.00 |
Highest
|
$105,136 | $8,613 | $113,749 |
| ANGELINA JACOBS | DIRECTOR OF NURSING | 50.00 |
Highest
|
$113,643 | $4,082 | $117,725 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $30,920,912 | $27,174,473 | $94,901,498 | $3,746,439 |
| 2022 | $26,895,670 | $25,243,943 | $54,017,067 | $1,651,727 |
| 2021 | $29,087,420 | $24,361,042 | $35,879,779 | $4,726,378 |
| 2020 | $25,946,557 | $23,723,608 | $32,501,578 | $2,222,949 |
| 2019 | $22,948,145 | $21,465,755 | $27,521,606 | $1,482,390 |
| 2018 | $22,240,170 | $20,905,786 | $25,498,668 | $1,334,384 |
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