RIDGE CREEK AT HERITAGE

EIN: 843276264 501(c)(3) Human Services

KALAMAZOO, MI

Total Revenue
$4,864,762
Total Expenses
$6,391,282
Total Assets
$44,626,700
Net Assets
$-7,169,503
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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
2019
Legal Domicile
MI
Principal Officer
AMY BARNES
Phone
2693821255
Tax Period
2024-07-01 to 2025-06-30

RIDGE CREEK AT HERITAGE, founded in 2019, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $6.4M exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE HOUSING AND HEALTHCARE TO RESIDENTS IN AN INDEPENDENT LIVING APARTMENT FACILITY.

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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 $0
Program Service Revenue $4,569,062
Investment Income $267,769
Other Revenue $27,931
TOTAL REVENUE $4,864,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $807,323
Fundraising Expenses $0
Program Expenses $5,436,371
Other Expenses $5,583,959
TOTAL EXPENSES $6,391,282

Year-over-Year Comparison

2024 2023 Change
Revenue $4,864,762 $4,636,470 +0.0%
Expenses $6,391,282 $6,178,166 +0.0%
Net Income $-1,526,520 $-1,541,696 0.0%
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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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
29

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
10
$963,640
Total Directors
11
$0
Key Employees
1
$166,974
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL OLMSTED CFO 1
Officer
$0 $5,007 $230,509
PAUL BARBER COO 1
Officer
$0 $14,604 $219,900
LINDSAY MORSE DIRECTOR OF HEALTH SERVICES 0
Key Emp
$0 $11,273 $166,974
MATTHEW SHANKLE VICE PRESIDENT OF MARKETING & SALES 1
Officer
$0 $14,604 $163,634
KATHRYL BOWEN RN, UPJOHN 0
Highest
$0 $0 $140,746
AMY BARNES CFO 1
Officer
$0 $14,604 $135,679
JENNIFER PIOTROWICZ VICE PRESIDENT HUMAN RESOURCES 1.00
Officer
$0 $0 $132,882
BELINDA JANSON CNA UPJOHN 0
Highest
$0 $5,725 $132,339
HEATHER RENTER SR DIRECTOR OF RESIDENT LIFE AND THE MCLC 0
Highest
$0 $8,009 $127,340
JOAN CHUMBA RN, UPJOHN 0
Highest
$0 $0 $115,292
TRACI PATNOUDE DIRECTOR INDEPENDENT LIVING 20
Highest
$0 $0 $108,381
JULIE DEPPNER CEO 1
Officer
$0 $0 $81,036
REX BELL BOARD CHAIR 1
Officer Director
$0 $0 $0
BOB MILLER BOARD VICE CHAIR 1
Officer Director
$0 $0 $0
WILLIAM MILLARD BOARD TREASURER 1.00
Officer Director
$0 $0 $0
DAN RINZEMA SECRETARY 1
Officer Director
$0 $0 $0
J JOSEPH BROGGER II DIRECTOR 1
Director
$0 $0 $0
SYDNEY ELLIS DIRECTOR 1
Director
$0 $0 $0
KIM HATCHEL DIRECTOR 1
Director
$0 $0 $0
LAURA ELLER DIRECTOR 1
Director
$0 $0 $0
JACK KEISER DIRECTOR 1
Director
$0 $0 $0
JAMIE MELVIN DIRECTOR 1
Director
$0 $0 $0
JACK SIZER DIRECTOR 1
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
2025 $4,864,762 $6,391,282 $44,626,700 $-1,526,520
2024 $4,636,470 $6,178,166 $45,934,638 $-1,541,696
2023 $2,832,650 $5,238,494 $47,277,144 $-2,405,844
2022 $19,698 $1,494,077 $51,907,924 $-1,474,379
2021 $298 $542,784 $51,185,104 $-542,486
2020 No data No data No data No data
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