Kalamazoo Area Christian Retirement Association, dba Park Village Pines

The information on this page was last updated 7/21/2023. If you see errors or omissions, please email: [email protected]


Summary

At our three communities of Park Village Pines, residents thrive through compassionate care, faith, and life-enriching relationships with staff, family, and friends.

Our faith-based heritage is at the core of our compassionate care. We have an outstanding reputation as a top provider of senior services in the Kalamazoo area with the state of Michigan's licensing authorities. Our residents are encouraged to be as independent as they want to be and offer a helping hand when certain parts of life become difficult. Park Village Pines has been providing for Kalamazoo's seniors for almost 40 years, making us the most experienced senior care community in the area.

Our modern, updated facilities are on a beautiful, secluded campus which has a country feel while conveniently located on the west side of Kalamazoo. A full range of social activities, events, group outings, and religious services are offered to give meaning and fulfillment to the life of our residents. Our Chaplain and Social Worker are also available for our residents any time for additional support.

Our non-profit status and Christian values allow us to be good stewards of our resources, only charge our residents for the care they need, and make it possible to not require large up-front payments or sign long-term leases. Park Village Pines is considered to be an excellent value in senior services and assisted care in the Kalamazoo area.


Contact information

Mailing address:
Kalamazoo Area Christian Retirement Association
2920 Crystal Lane
Kalamazoo, MI 49009

Website: parkvillagepines.org

Phone: 269-372-1928

Email: [email protected]


Organization details

EIN: 382437167

CEO/President: David Bos

Chairman: Marianne Voetberg

Board size: 11

Founder: Reformed churches in the area

Ruling year: 1983

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our goal as a faith-based nonprofit is to provide excellent and affordable housing options guided by Christian principles, to promote independence, and provide quality care.


Mission statement

To operate and manage according to law and applicable regulations, a certified home for the aged for qualified residents of Kalamazoo County and its surrounding counties.


Statement of faith

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating543 of 111061 of 121
Fund acquisition rating380 of 111132 of 121
Resource allocation rating365 of 111156 of 121
Asset utilization rating912 of 111096 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%3%28%43%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%19%26%7%3%2%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%81%74%93%97%98%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%83%82%82%80%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%91%99%97%98%
Program output ratio Program output ratio =
Program services /
Total revenue
77%83%74%81%77%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%9%1%3%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%13%1%5%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%17%18%18%19%19%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.730.730.730.820.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.763.884.134.346.595.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.792.823.013.185.374.62
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.924.234.205.561.744.01
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.240.240.180.570.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.043.243.043.090.951.95
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%39%41%52%51%51%
Debt ratio Debt ratio =
Debt /
Total assets
0%33%35%47%42%47%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%83%80%66%60%57%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$699,534$1,704,706$2,181,174$1,217,429$1,439,654
Receivables, inventories, prepaids$1,657,147$689,095$226,887$301,999$338,429
Short-term investments$110,541$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,467,222$2,393,801$2,408,061$1,519,428$1,778,083
Long-term investments$0$0$0$0$0
Fixed assets$7,106,482$7,500,903$8,036,817$8,489,396$7,799,468
Other long-term assets$0$0$0$0$0
Total long-term assets$7,106,482$7,500,903$8,036,817$8,489,396$7,799,468
Total assets$9,573,704$9,894,704$10,444,878$10,008,824$9,577,551
 
Liabilities20222021202020192018
Payables and accrued expenses$583,423$569,871$433,184$871,456$443,188
Other current liabilities$0$0$0$0$0
Total current liabilities$583,423$569,871$433,184$871,456$443,188
Debt$3,156,645$3,508,267$4,940,337$4,160,051$4,457,879
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$23,709$26,500$26,500$60,986$30,986
Total long-term liabilities$3,180,354$3,534,767$4,966,837$4,221,037$4,488,865
Total liabilities$3,763,777$4,104,638$5,400,021$5,092,493$4,932,053
 
Net assets20222021202020192018
Without donor restrictions$5,641,372$5,665,162$4,999,485$4,916,331$4,645,498
With donor restrictions$168,555$124,904$45,372$0$0
Net assets$5,809,927$5,790,066$5,044,857$4,916,331$4,645,498
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,306,862$2,055,664$528,966$283,159$192,020
Program service revenue$5,669,879$5,899,851$7,149,878$8,109,792$8,172,984
Membership dues$0$0$0$0$0
Investment income($354)$7,804$905$4,571$2,502
Other revenue$33,228($23,041)$43,329$0$0
Total other revenue$5,702,753$5,884,614$7,194,112$8,114,363$8,175,486
Total revenue$7,009,615$7,940,278$7,723,078$8,397,522$8,367,506
 
Expenses20222021202020192018
Program services$5,812,412$5,902,976$6,260,050$6,498,800$6,586,110
Management and general$1,156,255$1,291,165$1,385,372$1,584,611$1,548,886
Fundraising$989$928$17,903$80,509$83,203
Total expenses$6,969,656$7,195,069$7,663,325$8,163,920$8,218,199
 
Change in net assets20222021202020192018
Surplus (deficit)$39,959$745,209$59,753$233,602$149,307
Other changes in net assets$0$0$0$0$0
Total change in net assets$39,959$745,209$59,753$233,602$149,307

Compensation

NameTitleCompensation
Dave BosCEO$164,527
Michelle MoggFinance Dire$113,261

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/21/2023. To update the information below, please email: [email protected]


History

1979 - Representatives of a number of churches of the Reformed faith in the area initiate the effort to form an Association to seek members from area churches of the Reformed faith that will support the establishment of a Christian retirement home in Kalamazoo.

1983 - The Kalamazoo Area Christian Retirement Association (KACRA) purchases Park Village Pines, a retirement community built in 1979.

1994 - 25 acres bordering the west end of our campus was purchased.

1990s - Park Village Pines begins to broaden its scope of service from being a retirement home to an assisted living facility providing care for all seniors of the Kalamazoo area.

2000 - Crystal Woods, a 20-room memory care community was opened on the southeast edge of our campus property.

2005 - A 20-room addition on the west side of the original Park Village Pines was opened which featured larger rooms and two suites.

2011 - Oakview Terrace, a state-of-the-art residential community of 30 beds offering specialized care which connected Park Village Pines and Crystal Woods, was opened on the northeast edge of our property.

2018 - A nearly $2 million renovation was completed at Park Village Pines. Updates were made to the flooring, lighting, and electrical wiring. Renovations were made to our hallways, residential rooms, kitchen, and a new front lobby transforming many areas that needed refreshing.


Program accomplishments


Needs