Marlette Senior Living

Nonprofit profile at a glance

EIN
843210271
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Marlette, MI, USA
Phone
9892179500
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$1,121,267
Expenses
$2,881,596
Assets
$10,874,229
Liabilities
$205,963

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

Leadership & pay

14 people listed

Executive titles in this filing

  • ANDREW DANIELS (CO-CEO)
  • ANGELA MCCONNACHIE (CO-CEO)

Highest reported compensation

  • ANDREW DANIELS (CO-CEO): $432,377 total reported compensation
  • ANGELA MCCONNACHIE (CO-CEO): $375,367 total reported compensation
  • KIMBERLY GENTNER (CFO): $270,731 total reported compensation

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

Overview

Mission

Providing exceptional care close to home as the leading rural healthcare organization

What it reported doing in 2024

The heartlands started 2024 with 6 residents in assisted living, 0 residents in memory care and 14 residents in 10 independent living villas. By the end of 2024, the heartlands more than tripled occupancy in the main building, ending the year with 15 residents in assisted living and 9 residents in memory care. The independent living villas ended 2024 at a 75% occupancy rate with 21 residents living in 15 villas.the heartlands offered numerous free educational and fitness opportunities to not only our residents, but residents from neighboring counties. These events have positioned the heartlands as a well-known, positive common ground for senior citizens in the area to get active and learn more about the different stages and phases of life they may be experiencing. On top of the free educational programs, the heartlands community center space was used for multiple birthday parties, baby showers, bridal showers, family reunions and more. The total number of events held in the space for 2024 was 108, which is five times as many as the amount that was held in 2023.the team at the heartlands attended community events in huron, tuscola, and sanilac counties.

Operating model

Revenue model
Earned-program. 95% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -157%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.77; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 61.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 49.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.4M in reported program spending
  • Leadership: top reported pay $432K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 10 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Officer compensation ratio scored 58/100.