Holy Cross Village at Notre Dame Inc

Nonprofit profile at a glance

EIN
352084623
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Notre Dame, IN, USA
Phone
5742871838
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$20,346,370
Expenses
$20,395,222
Assets
$46,113,808
Liabilities
$69,554,888

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • JACK MUELLER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRANDON KASTNER (VP AND GENERAL MANAGER): $194,903 total reported compensation
  • ROBIN MURPHY (REGISTERED NURSE): $188,867 total reported compensation
  • ELIZABETH HUGE (CFO): $171,452 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Holy cross village at notre dame is an interdependent community energized by holy cross spirituality and hospitality, and dedicated to providing a nurturing environment focused on dignity and respect. Holy cross village at notre dame was established as a faith based, non-profit organization and has since dedicated itself to providing housing, healthcare, and support services exclusively to older adults in ways that promote independence and a healthy, active lifestyle through a continuing care retirement community.

What it reported doing in 2024

Skilled nursing and memory care: holy cross village is licensed by the state department of health as a continuing care retirement community (ccrc) and a skilled nursing facility. Services are resident-centered and are focused on long-term health care needs and/or directed to individuals that are recovering from a brief illness and need to rebuild strength. Rehabilitation services are delivered in a resident-centered program that is focused on achieving positive outcomes. Residents receive 24-hour nursing supervision and restorative therapies that are physician directed. The onsite rehabilitation center delivers physical, occupational, and speech therapies as well as other specialized services to meet rehabilitation needs. Memory care accommodations are offered in a secured environment designed to meet the needs of seniors with alzheimer's, dementia, and other memory loss. Individuals who need help with day-to-day living receive special encouragement to add meaning and fulfillment to their lives. Services are tailored specifically to each resident while supporting a healthy lifestyle in a secured area that has access to a courtyard and views of a wooded area. Certified nursing assistants provide standby and hands on assistance with bathing, grooming and escorts. Residents are encouraged to continue activities they love and enjoy. A wide range of life enriching activities are planned for residents each day that are targeted to raise spirits, stimulate minds and promote happiness. During the year ended june 30, 2025, the organization provided services to 179 residents in a nursing setting with 40 beds and a nursing dementia center with 12 rooms.

Operating model

Revenue model
Other-operating. 98% 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

SUPPORTED - 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: 76
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 85.2%; rating input score 85
  • Fundraising efficiency: $0.78 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 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: -0.2%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 2.26; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 1.51; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 85.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $17.4M in reported program spending
  • Leadership: top reported pay $195K · 16 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.9M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.