Rosemary Home Inc
- Assets
- $459.6k
- Revenue
- $35.1k
- Investments
- $378.1k
- Employees
- 0
- Location
- Hutchinson, MN
- Founding
- 08/1971
- Data as of
- 12/2022
- EIN
- 23-7130093
Organization Overview
Rosemary Home Inc is located in Hutchinson, MN. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosemary Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rosemary Home Inc generated $35.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $36.3k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PUBLIC A PLACE OF LITERATURE INTERESTS, STUDY AND EDUCATION, AND HOUSING TO NURSES AND NURSING STUDENTS AT THE FOUNDATION'S PROPERTY LOCATED AT 724 S. SIBLEY AVE, LITCHFIELD, MN 55355.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Thomas President | 2 | $1,000 | |
Gary Havemeier Treasurer | 2 | $1,000 | |
August Anderson Director | 2 | $500 | |
Joyce Kindseth Director | 2 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $7,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,441 |
| Capital Gain Net Income | $27,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $9,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,497 |
| Depreciation | $5,064 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,148 |
| Total operating and administrative expenses | $36,339 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $36,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,811 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $378,119 |
| Net Land, buildings, and equipment | $71,669 |
| Other assets | $0 |
| Total assets | $459,599 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $344 |
| Total liabilities | $344 |