CLARK RETIREMENT COMMUNITY FOUNDATION

EIN: 383236052 501(c)(3) Health Care

GRAND RAPIDS, MI

Total Revenue
$924,012
Total Expenses
$864,123
Total Assets
$13,618,540
Net Assets
$13,351,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MI
Principal Officer
ROGER E WEIDEMAN II
Phone
6164521568
Tax Period
2023-01-01 to 2023-12-31

CLARK RETIREMENT COMMUNITY FOUNDATION, founded in 1995, is a small nonprofit in the Health Care sector that reported $924K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $864K left a modest 6% surplus.

Mission

FOR CLARK RETIREMENT COMMUNUITY, INC., BUILD ENDOWMENT FUNDS FOR BENEVOLENT CARE, CAPITAL NEEDS AND COMMUNITY NEEDS, SPONSOR SPECIAL ACTIVITIES AND PROGRAMS FOR THE COMMUNITY AT LARGE RELATING TO THE HEALTH CARE AND WELFARE OF SENIOR CITIZENS AND THE ELDERLY, RAISE FUNDS THROUGH ANNUAL DRIVES, PLANNED GIVING, AND SPECIAL EVENTS, COORDINATE ALL PUBLIC RELATIONS ACTIVITIES WITH THE LOCAL COMMUNITY AND PUBLICATIONS ON BEHALF OF CLARK RETIREMENT COMMUNITY, INC., AND IMPROVE THE RELATIONSHIP BETWEEN CLARK RETIREMENT COMMUNITY, INC., AND THE UNITED METHODIST CHURCH.

Program Service Accomplishments

Program 1
Expenses: $713,001 Revenue: $0

RECEIVED AND ADMINISTERED FUNDS FOR THE SUPPORT OF CLARK RETIREMENT COMMUNITY, INC. RESIDENTS REPRESENTING A TOTAL OF $568,000 IN BENEVOLENCE CARE BROKEN DOWN AS FOLLOWS: (1) MEDICAID $438,000 (2)...

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RECEIVED AND ADMINISTERED FUNDS FOR THE SUPPORT OF CLARK RETIREMENT COMMUNITY, INC. RESIDENTS REPRESENTING A TOTAL OF $568,000 IN BENEVOLENCE CARE BROKEN DOWN AS FOLLOWS: (1) MEDICAID $438,000 (2) ASSISTED AND INDEPENDENT LIVING $130,000.

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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 (2023)

Revenue Breakdown

Contributions & Grants $584,262
Program Service Revenue $0
Investment Income $273,054
Other Revenue $66,696
TOTAL REVENUE $924,012

Expense Breakdown

Grants Paid $136,946
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $713,001
Other Expenses $727,177
TOTAL EXPENSES $864,123

Year-over-Year Comparison

2023 2022 Change
Revenue $924,012 $4,502,868 -0.8%
Expenses $864,123 $816,154 +0.1%
Net Income $59,889 $3,686,714 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
20
Employees
N/A
Volunteers
25

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
7
$955,886
Total Directors
23
$955,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PERCELL SMITH BOARD TRUSTEE - VP OP - CLARK/BHI 1.00
Officer Director
$0 $9,087 $98,318
ROGER WEIDEMAN II BOARD TRUSTEE - CFO - BHI 2.00
Officer Director
$0 $46,241 $404,827
JOHN DATTILO BOARD TRUSTEE - CEO - BHI 2.00
Officer Director
$0 $47,927 $452,741
JUDY WELCH BOARD TRUSTEE 1.00
Director
$0 $0 $0
MIKE NOVAKOSKI BOARD TRUSTEE 1.00
Director
$0 $0 $0
MIKE RAYMOND BOARD TRUSTEE 1.00
Director
$0 $0 $0
JACK NICHOLS BOARD TRUSTEE 1.00
Director
$0 $0 $0
MICHELE MCISAAC BOARD TRUSTEE 1.00
Director
$0 $0 $0
MIKE LLOYD BOARD TRUSTEE 1.00
Director
$0 $0 $0
KATHY LAIDLAW BOARD TRUSTEE 1.00
Director
$0 $0 $0
GINNY POSTMA BOARD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT HUFF BOARD TRUSTEE - TREASURER 1.00
Officer Director
$0 $0 $0
JOHN FITZGERALD BOARD TRUSTEE 1.00
Director
$0 $0 $0
MARK CUSTER BOARD TRUSTEE - VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAT WARING BOARD TRUSTEE - CHAIR 1.00
Officer Director
$0 $0 $0
JILL VANWYK BOARD TRUSTEE 1.00
Director
$0 $0 $0
CHAD SUTLIFFE BOARD TRUSTEE 1.00
Director
$0 $0 $0
KATHY HOLT BOARD TRUSTEE 1.00
Director
$0 $0 $0
DR PRISCILLA KIMBOKO BOARD TRUSTEE - SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ABBOTT BOARD TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM MILLARD BOARD TRUSTEE 1.00
Director
$0 $0 $0
BONNIE MILLER BOARD TRUSTEE - EMERITUS 1.00
Director
$0 $0 $0
JOHN WERT BOARD TRUSTEE - EMERITUS 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $924,012 $864,123 $13,618,540 $59,889
2022 $1,876,952 $1,507,225 $12,810,786 $369,727
2022 $4,502,868 $816,154 $12,633,263 $3,686,714
2021 $2,040,013 $1,264,494 $12,387,128 $775,519
2020 $1,570,443 $4,139,576 $9,273,334 $-2,569,133
2019 $3,243,989 $1,974,160 $12,675,050 $1,269,829
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