Fairhaven Christian Retirement Center
Nonprofit profile at a glance
- EIN
- 362606227
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Rockford, IL, United States
- Phone
- (815) 877-1441
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
- Affiliation
- Christianity
Reported finances
- Revenue
- $18,123,176
- Expenses
- $18,558,739
- Assets
- $27,228,325
- Liabilities
- $13,872,900
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JEFF REIERSON (EXECUTIVE DIRECTOR (THRU FEBRUARY))
- JOSEPH MCMANUS (EXECUTIVE DIRECTOR)
- CHUCK SCHLUETER (PRESIDENT)
- GREG JOHNSON (VICE PRESIDENT)
Highest reported compensation
- CORAZON OLAYBAL LOLENG (REGISTERED NURSE): $197,106 total reported compensation
- CHRISTINE HINTZSCHE (INTERIM EXEC DIR/DIR OF MARKETING): $154,364 total reported compensation
- JEFF REIERSON (EXECUTIVE DIRECTOR (THRU FEBRUARY)): $138,357 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide a comfortable lifestyle and exceptional care which enhances quality of life in a manner that glorifies God, while sharing Christ’s love as they serve the physical, intellectual, social, spiritual, and emotional needs of people in their care. Our **Mission To provide a comfortable lifestyle and exceptional care which enhances quality of life in a manner that glorifies God. Our focus is to share Christ’s love as we serve the physical, intellectual, social, spiritual, and emotional needs of all the people entrusted in our care and the lives that we continue to touch. Schedule A Call. Our staff consistently provides activities and assistance designed to accommodate individual levels of independence. We are ready to offer whatever level of assistance you require now and we are prepared to continue caring for you in the years ahead. Couple laughing together near the Supportive Care...
What it reported doing in 2025
Independent living and residential care: the center operates 112 units of independent living duplexes and a 92 unit independent living residential apartment facility.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program 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: 82
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.4%; rating input score 91
- Program expense ratio: 90.4%; rating input score 90
- Fundraising efficiency: $5.41 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- 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; 64th 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: -2.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 8th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 91.4% of revenue deployed · 90.4% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $16.8M in reported program spending
- Leadership: top reported pay $197K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2025
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.