CHRISTIAN RETIREMENT HOMES

EIN: 476041813 501(c)(3)

LINCOLN, NE

Total Revenue
$15,096,060
Total Expenses
$21,799,313
Total Assets
$62,341,986
Net Assets
$-11,835,027
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NE
Principal Officer
TORSTEN HIRCHE
Phone
4024867515
Tax Period
2023-10-01 to 2024-09-30

CHRISTIAN RETIREMENT HOMES, founded in 1965, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $21.8M exceeded revenue, resulting in a 44% operating deficit.

Mission

EASTMONT TOWERS, A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, PROVIDES COMPREHENSIVE SENIOR LIVING SERVICES WITH THE SECURITY OF EXCEPTIONAL HEALTH CARE WHILE GIVING CHARITABLE SERVICE TO OTHERS.

Program Service Accomplishments

Program 1
Expenses: $11,840,903 Revenue: $9,551,164

EASTMONT IS A FULL CONTINUUM PROVIDER. RESIDENTS, WHO CHOOSE EASTMONT AS THEIR HOME, ENTER INTO A LIFE CARE AGREEMENT, WHICH PROVIDES ACCESS TO DIFFERENT LEVELS OF SERVICE ON ONE CAMPUS. THE JOURNEY...

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EASTMONT IS A FULL CONTINUUM PROVIDER. RESIDENTS, WHO CHOOSE EASTMONT AS THEIR HOME, ENTER INTO A LIFE CARE AGREEMENT, WHICH PROVIDES ACCESS TO DIFFERENT LEVELS OF SERVICE ON ONE CAMPUS. THE JOURNEY BEGINS IN INDEPENDENT LIVING. THERE ARE 175 APARTMENTS OF VARIOUS SIZES AND DESIGN, WHICH ARE LOCATED IN THREE DIFFERENT BUILDINGS ON THE PROPERTY. THE APARTMENTS ARE KEPT UP TO DATE AND RENOVATED WITH QUALITY CONSTRUCTION. LIVING INDEPENDENTLY AT EASTMONT INCLUDES SERVICES SUCH AS A MEAL PLAN, TRANSPORTATION TO SHOPPING AND MEDICAL APPOINTMENTS, BI-WEEKLY HOUSEKEEPING, MAINTENANCE, AND A RICH PROGRAM AND EVENTS SCHEDULE. EASTMONT PROVIDES 24-HOUR EMERGENCY RESPONSE TO APARTMENTS AND RESIDENTS HAVE ACCESS MONDAY - FRIDAY TO A NURSE IN ONE OF TWO CLINICS ON CAMPUS. EASTMONT ALSO PROVIDES MANY OPPORTUNITIES FOR SPIRITUAL FULFILLMENT INCLUDING A CHAPLAIN WHO CONDUCTS SERVICES ON CAMPUS AND WILL ASSIST WITH SPIRITUAL NEEDS WHEN REQUESTED. THE HEALTH CARE TEAM WILL HELP RESIDENTS NAVIGATE DIFFERENT LEVELS OF CARE IF THEIR HEALTH NEEDS CHANGE.

Program 2
Expenses: $2,722,274 Revenue: $2,195,853

THE NEXT LEVEL OF CARE AT EASTMONT IS ASSISTED LIVING FOR THOSE INDIVIDUALS WHO MAY NEED ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. THE SEASONS IS LICENSED AS ASSISTED LIVING AND IS LOCATED ON THE...

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THE NEXT LEVEL OF CARE AT EASTMONT IS ASSISTED LIVING FOR THOSE INDIVIDUALS WHO MAY NEED ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. THE SEASONS IS LICENSED AS ASSISTED LIVING AND IS LOCATED ON THE EASTMONT CAMPUS. THE SEASONS PROVIDES 41 ONE-BEDROOM APARTMENTS AND USES AN ACTIVITY-DRIVEN SOCIAL MODEL WITH AN EMPHASIS ON FELLOWSHIP, ENRICHMENT, AND EDUCATIONAL OPPORTUNITIES. RESIDENTS HAVE ACCESS TO LICENSED PROFESSIONAL NURSING STAFF ON CAMPUS 24 HOURS PER DAY. INDIVIDUALS HAVE TAILORED PROGRAMS THAT CAN INCLUDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEDICATION MANAGEMENT, HEALTH MAINTENANCE ACTIVITIES, TRANSFERS OR AMBULATION, OXYGEN, AND ADDITIONAL COMPANION OR HOME HEALTH NEEDS.

Program 3
Expenses: $2,528,543 Revenue: $2,039,585

EASTMONT ALSO PROVIDES A HEALTH CENTER, WHICH IS LICENSED FOR MEDICARE AND PROVIDES BOTH SHORT-TERM REHABILITATION IN 10 ROOMS AND LONG-TERM CARE IN 11 ROOMS. THEY ARE DESIGNATED AS SEMI-PRIVATE (CAN...

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EASTMONT ALSO PROVIDES A HEALTH CENTER, WHICH IS LICENSED FOR MEDICARE AND PROVIDES BOTH SHORT-TERM REHABILITATION IN 10 ROOMS AND LONG-TERM CARE IN 11 ROOMS. THEY ARE DESIGNATED AS SEMI-PRIVATE (CAN ACCOMMODATE TWO OCCUPANTS), BUT IN RESPONSE TO THE MARKET, EASTMONT OPERATES THEM AS PRIVATE ROOMS. THE HEALTH CENTER PROVIDES SKILLED NURSING, AND PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY IN AN INTERDISCIPLINARY ENVIRONMENT. ADDITIONALLY, SPIRITUAL GUIDANCE, SOCIAL WORK, CASE MANAGEMENT, AND CARE SERVICES ARE PROVIDED FOR THE OVERALL PSYCHOSOCIAL WELL-BEING OF THE PATIENTS. THE CARE CENTER IS GUIDED BY A MEDICAL DIRECTOR, LICENSED NURSING HOME ADMINISTRATOR, AND DIRECTOR OF NURSING.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $237,708
Program Service Revenue $14,338,639
Investment Income $349,518
Other Revenue $170,195
TOTAL REVENUE $15,096,060

Expense Breakdown

Grants Paid $12,125
Salaries & Benefits $8,432,543
Fundraising Expenses $0
Program Expenses $17,776,098
Other Expenses $13,354,645
TOTAL EXPENSES $21,799,313

Year-over-Year Comparison

2023 2022 Change
Revenue $15,096,060 $13,221,279 +0.1%
Expenses $21,799,313 $17,519,633 +0.2%
Net Income $-6,703,253 $-4,298,354 +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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Governance

Voting Members
11
Independent Members
10
Employees
368
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
6
$1,976,827
Total Directors
11
$1,184,579
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $29,551 $1,184,579
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $37,634 $683,447
ANDREW FISHER MHA NHA EXECUTIVE DIRECTOR 30.00
Highest
$155,970 $30,473 $186,443
MICHELE LUKE SECRETARY 1.00
Officer
$0 $9,384 $108,801
MARY WAGNER CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
JESSE BOND VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
GREG RUSSELL DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
KATHI LENTZSCH DIRECTOR 0.10
Director
$0 $0 $0
SCOTT LUMSDEN DIRECTOR 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
JOY MOORE DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
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 $15,096,060 $21,799,313 $62,341,986 $-6,703,253
2023 $13,221,279 $17,519,633 $69,322,556 $-4,298,354
2022 $14,785,371 $13,586,688 $49,691,836 $1,198,683
2021 $12,805,842 $13,218,406 $30,882,827 $-412,564
2020 $11,469,279 $13,530,523 $25,960,328 $-2,061,244
2019 $11,064,025 $12,889,274 $19,651,503 $-1,825,249
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