Nonprofit · EIN 62-1827185
VILLAGE OF GERMATOWN INC
Tax-exempt · GERMANTOWN, TN 38138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,027,633 | $31,507,275 | -$3,479,642 | $93,073,522 | $158,486,648 | -$65,413,126 |
| December 31, 2023 | 990 | $25,827,625 | $30,197,441 | -$4,369,816 | $92,823,181 | $155,480,283 | -$62,657,102 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $151,269
- Program service revenue
- $26,207,525
- Investment income
- $1,221,253
- Net gain from sales of assets
- $608,878
- Tax-exempt bond proceeds
- $119,646
- Other revenue
- $447,586
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $745,442
- Other salaries and wages
- $11,798,467
- Salaries, compensation and benefits (total)
- $14,244,287
- Professional fundraising fees
- $0
- Accounting fees
- $152,648
- Occupancy
- $1,441,532
- Travel
- $34,672
- Depreciation
- $5,076,444
- Program services (functional)
- $28,342,028
- Management and general (functional)
- $3,165,247
Balance sheet and other
- Total assets, start of year
- $92,823,181
- Total assets, end of year
- $93,073,522
- Total liabilities, end of year
- $158,486,648
- Net assets, end of year
- -$65,413,126
- Land, buildings and equipment
- $63,407,761
- Publicly traded securities
- $21,149,310
- Net assets without donor restrictions
- -$65,413,126
- Gross receipts
- $30,227,739
- Employees
- 501
- Volunteers
- 7
- Year formed
- 2000
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL CRAFT | CEO Officer | 40 | $300,931 | $28,263 |
| CLAY COLLINS | CFO Officer | 40 | $211,643 | $28,436 |
| JESSE CRITTENDON | DIRECTOR OF DINING Highest-paid employee | 40 | $169,608 | $20,516 |
| MELISSA RUKSTAD | DIRECTOR OF WELLNESS Highest-paid employee | 40 | $174,580 | $14,328 |
| LISA GARNER | VP OF HEALTHCARE SERVICES Officer | 40 | $164,248 | $11,921 |
| MEGAN COLLINS | DIRECTOR OF SALES Highest-paid employee | 40 | $136,030 | $12,586 |
| VICKIE GRIMES | DIRECTOR OF HR Highest-paid employee | 40 | $133,659 | $14,052 |
| SCOTT MEDLEY | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $133,605 | $13,335 |
| REBECCA CULLISON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DR JOHN CROCKARELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MITCH GRAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR BILL GREENE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE LANDRUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN MORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEPHEN THRELKELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL CRAFT | CEO Officer | 40 | $286,889 | $19,221 |
| CLAY COLLINS | CFO Officer | 40 | $213,946 | $16,920 |
| MELISSA RUKSTAD | DIRECTOR OF WELLNESS Highest-paid employee | 40 | $168,252 | $13,274 |
| JESSE CRITTENDON | DIRECTOR OF DINING Highest-paid employee | 40 | $162,459 | $8,044 |
| LISA GARNER | VP OF HEALTHCARE SERVICES Officer | 40 | $159,513 | $7,527 |
| SCOTT MEDLEY | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $129,119 | $12,160 |
| VICKIE GRIMES | DIRECTOR OF HR Highest-paid employee | 40 | $128,582 | $12,226 |
| MARIA WYATT | ASST. LVG/MEM CARE MGR Highest-paid employee | 40 | $118,254 | $12,664 |
| REBECCA CULLISON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DR JOHN CROCKARELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR BILL GREENE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN MORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH GRAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM HOPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEVE THRELKELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHUCK LANE | DIRECTOR (TERM ENDED) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7820 WALKING HORSE CIRCLE, GERMANTOWN, TN 38138-2143
- In care of
- % JAMES B MCLAREN JR
- Principal officer (990 for 2024)
- MICHAEL CRAFT, 7820 WALKING HORSE CIRCLE, GERMANTOWN, TN 38138
- Signed the 990
- CLAY COLLINS, CFO
- Phone
- (901) 752-2500
- Website
- WWW.VILLAGE-GERMANTOWN.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE A QUALITY, STIMULATING, AND SAFE COMMUNITY THAT PROMOTES INDEPENDENCE AND WELLNESS THROUGH INNOVATIVE PROGRAMS, SUPPORTIVE SERVICES, AND AN EXCEPTIONAL STAFF. WE RESPECT AND VALUE THE DIGNITY OF EACH PERSON THROUGH OUR AFFILIATION WITH METHODIST LE BONHEUR HEALTHCARE. WE SERVE THE COMMUNITY AS A RESOURCE FOR SENIOR WELLNESS PROGRAMS AND INFORMATION.
Program accomplishments
- THE CCRC CONSISTS OF 230 INDEPENDENT LIVING UNITS (INCLUDING 202 APARTMENTS AND 28 PATIO HOMES), AND A HEALTHCARE CENTER CONSISTING OF 32 ASSISTED LIVING UNITS, 16 SPECIAL CARE DEMENTIA UNITS, AND 55 SKILLED NURSING BEDS. IN 2024, THE VILLAGE BILLED 32,485 HEALTHCARE DAYS - 2,955 FOR DEMENTIA, 11,925 FOR ASSISTED LIVING, AND 17,605 FOR SKILLED. OF THESE DAYS, 9,206 WERE MEDICARE DAYS AND 23,279 PRIVATE PAY DAYS/INSURANCE BILLABLE DAYS. OUR INDEPENDENT LIVING OCCUPANCY WAS 79%.Expenses $28,342,028 · revenue $26,207,525
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1827185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75)
- Assets (IRS master file)
- $93,073,522
- Income (IRS master file)
- $30,227,739
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,027,633 | $31,507,275 | $93,073,522 | IRS |
| 990 | December 2023 | $25,827,625 | $30,197,441 | $92,823,181 | XML |
| 990 | December 2022 | $23,573,228 | $30,391,804 | $97,266,349 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1827185).
Questions about VILLAGE OF GERMATOWN INC
- What is the EIN of VILLAGE OF GERMATOWN INC?
- The employer identification number (EIN) of VILLAGE OF GERMATOWN INC is 62-1827185.
- Is VILLAGE OF GERMATOWN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to VILLAGE OF GERMATOWN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE OF GERMATOWN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VILLAGE OF GERMATOWN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILLAGE OF GERMATOWN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VILLAGE OF GERMATOWN INC?
- The 990 for the year ended December 31, 2024 names MICHAEL CRAFT.
- Who are the officers and directors of VILLAGE OF GERMATOWN INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 8 received compensation from the organization, the highest $300,931 (MICHAEL CRAFT, CEO).
- How much revenue does VILLAGE OF GERMATOWN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,027,633, expenses of $31,507,275 and total assets of $93,073,522 at year end.
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