Hillcrest
Legal name: Brethren Hillcrest Homes
Nonprofit profile at a glance
- EIN
- 951809564
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- La Verne, CA, United States
- Phone
- (657) 279-4495
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $37,121,923
- Expenses
- $35,222,389
- Assets
- $129,504,495
- Liabilities
- $78,097,031
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- Matthew Neeley (President & CEO)
Highest reported compensation
- Matthew Neeley (President & CEO): $338,551 total reported compensation
- Joel Brouwer (CFO): $293,680 total reported compensation
- Keith Kasin (COO, VP of HS): $224,056 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve and enrich the lives of older persons through quality services and facilities. Our financial team ensures the resources behind that promise are managed responsibly and transparently. The team provides the oversight needed to fulfill our mission and vision for the community while upholding our high standards of care. We’re proud to share that our Chief Financial Officer, Joel Brouwer, CPA, CGMA, was named CFO of the Year in the Small to Midsize Company category at the 2025 LA Executive Leadership Awards, recognizing his excellence in financial leadership and dedication to the senior living sector. We also work closely with prospective residents to help them understand the true cost of living at Hillcrest compared to other options—whether that’s in a for-profit retiremen.
What it reported doing in 2024
Brethren hillcrest provides housing, health care, nutritional programs, activities, and related services to the aging. Hillcrest seeks to provide the highest level of residential and care services to its residents. Hillcrest has approximately 380 residents in their independent living, assisted living and skilled nursing accommodations.
Operating model
- Revenue model
- Other-operating. 90% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 82.8%; rating input score 83
- Fundraising efficiency: $5.14 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.1%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 3.68; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 21st percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 80.6% of revenue deployed · 82.8% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $29.2M in reported program spending
- Leadership: top reported pay $339K · 29 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 21/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.