Saint Therese Communities
- Assets
- $113.3m
- Revenue
- $50.9m
- Investments
- $102.2k
- Employees
- 796
- Location
- St Louis Park, MN
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-5835911
Organization Overview
Saint Therese Communities is located in St Louis Park, MN. The organization was established in 2007. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 06/2022, Saint Therese Communities employed 796 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Therese Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND NURSING CARE TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT THERESE OF WOODBURY IS A FULL CONTINUUM CARE COMMUNITY LOCATED IN WOODBURY, MINNESOTA, OPERATED WITH THE PURPOSE OF OFFERING A PURPOSE-FILLED LIFE FOR ITS RESIDENTS, WHICH IS ACHIEVED THROUGH THE OPERATION OF A SENIOR LIVING COMMUNITY CONSISTING OF 102 INDEPENDENT LIVING UNITS, 38 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND A 56-BED LICENSED NURSING FACILITY.
SAINT THERESE REDWOODS, LLC IS A 64-UNIT INDEPENDENT LIVING COMMUNITY LOCATED ADJACENT TO SAINT THERESE OF WOODBURY, WHOSE GOAL IS TO PROVIDE RESIDENTS WITH A COMMUNITY THAT BEST FITS EACH RESIDENT'S LIFESTYLE AND INDIVIDUALITY.
SAINT THERESE OF OXBOW LAKE IS A SENIOR LIVING COMMUNITY LOCATED IN BROOKLYN PARK OPERATED WITH THE PURPOSE TO OFFER A FULL CONTINUUM OF CARE COMMUNITY TO HELP ITS RESIDENTS ENJOY A PURPOSE-FILLED LIFE IN WAYS THAT BEST FIT THEIR LIFESTYLE AND INDIVIDUALITY. THIS IS DONE THROUGH THE OPERATION OF 82 INDEPENDENT LIVING UNITS, 41 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND A 64-BED LICENSED NURSING FACILITY.
ASCEND REHAB PROVIDES A COMPREHENSIVE APPROACH TO MAXIMIZE EACH CLIENT'S REHABILITATION AND WELLNESS GOALS. HIGHLY TRAINED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AS WELL AS FITNESS PROFESSIONALS, PROVIDE INDIVIDUALIZED PROGRAMS FOR OPTIMAL HEALTH OUTCOMES. ASCEND REHAB OFFERS A VARIETY OF SERVICES THROUGH INPATIENT, OUTPATIENT, AND WELLNESS PROGRAMS AT EACH SAINT THERESE COMMUNITY OR IN YOUR OWN HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Meads Chair | OfficerTrustee | 1 | $0 |
Kathryn Wornson Vice Chair | OfficerTrustee | 1 | $0 |
David Hoffmann Secretary | OfficerTrustee | 1 | $0 |
Peter Tanis Treasurer | OfficerTrustee | 1 | $0 |
Ann Tinucci Anderson Director | Trustee | 1 | $0 |
FR Joseph Gillespie Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Community Living Dining Services | 6/29/21 | $1,314,036 |
Tyther Contracting Construction Services | 6/29/21 | $223,704 |
Interim Healthcare Staffing Services | 6/29/21 | $213,344 |
Ameripride Services Laundry Services | 6/29/21 | $190,833 |
Prescription Landscape Inc Landscaping And Snow Removal Services | 6/29/21 | $148,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000,000 |
| Government grants | $5,186,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,245,590 |
| Total Program Service Revenue | $40,911,452 |
| Investment income | $566,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,943 |
| Net Gain/Loss on Asset Sales | $531,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,944,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,814,684 |
| Grants and other assistance to domestic individuals. | $11,569 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,897,379 |
| Pension plan accruals and contributions | $289,456 |
| Other employee benefits | $1,240,688 |
| Payroll taxes | $1,389,611 |
| Fees for services: Management | $2,754,891 |
| Fees for services: Legal | $13,223 |
| Fees for services: Accounting | $42,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,394 |
| Fees for services: Other | $6,737,658 |
| Advertising and promotion | $116,687 |
| Office expenses | $437,263 |
| Information technology | $5,906 |
| Royalties | $0 |
| Occupancy | $2,249,307 |
| Travel | $42,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,647 |
| Interest | $3,729,230 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,054,105 |
| Insurance | $0 |
| All other expenses | $410,301 |
| Total functional expenses | $49,070,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,229,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,517,804 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,058 |
| Prepaid expenses and deferred charges | $327,127 |
| Net Land, buildings, and equipment | $82,341,453 |
| Investments—publicly traded securities | $17,490,749 |
| Investments—other securities | $102,227 |
| Investments—program-related | $0 |
| Intangible assets | $1,888,000 |
| Other assets | $7,356,866 |
| Total assets | $113,254,773 |
| Accounts payable and accrued expenses | $4,060,065 |
| Grants payable | $0 |
| Deferred revenue | $9,377,733 |
| Tax-exempt bond liabilities | $83,488,950 |
| Escrow or custodial account liability | $3,487 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,345,312 |
| Total liabilities | $100,275,547 |
| Net assets without donor restrictions | $12,876,999 |
| Net assets with donor restrictions | $102,227 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,254,773 |