Riceville Community Rest Home
- Assets
- $1.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 76
- Location
- Riceville, IA
- Founding
- 12/1971
- Data as of
- 03/2024
- EIN
- 23-7147827
Organization Overview
Riceville Community Rest Home is located in Riceville, IA. The organization was established in 1971. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2024, Riceville Community Rest Home employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riceville Community Rest Home 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 03/2024, Riceville Community Rest Home generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.6m during the year ending 03/2024. While expenses have increased by 3.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RICEVILLE FAMILY CARE & THERAPY CENTER IS A RESOURCE FOR THE RICEVILLE COMMUNITY PROMOTING HEALTH, HEALING AND HARMONY, WHILE CELEBRATING OUR RICH FAMILY HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RICEVILLE COMMUNITY REST HOME OFFERS LICENSED RESIDENTIAL AND NURSING CARE TO THE ELDERLY AND THERAPY SERVICES FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Byrnes Chairman | Trustee | 3 | $0 |
Kerri Swancutt Secretary | Trustee | 2 | $0 |
Anna Mae Roethler Vice Chair | Trustee | 2 | $0 |
Susan Norman Member | Trustee | 2 | $0 |
Deb Mulder Member | Trustee | 2 | $0 |
Brian Brandau Treasurer | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Continuum Healthcare Services Lc Management, Billing, Nursing | 3/30/22 | $108,554 |
Northern Iowa Therapy Co Therapy Services | 3/30/22 | $104,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,726 |
| Total Program Service Revenue | $2,721,437 |
| Investment income | $9,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,418 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,790,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,608,798 |
| Pension plan accruals and contributions | $12,800 |
| Other employee benefits | $76,974 |
| Payroll taxes | $121,026 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $23,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,464 |
| Advertising and promotion | $2,198 |
| Office expenses | $11,524 |
| Information technology | $18,941 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,407 |
| Insurance | $89,310 |
| All other expenses | $90,276 |
| Total functional expenses | $2,601,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,096 |
| Savings and temporary cash investments | $329,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,755 |
| Inventories for sale or use | $14,751 |
| Prepaid expenses and deferred charges | $20,807 |
| Net Land, buildings, and equipment | $454,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,199,479 |
| Accounts payable and accrued expenses | $165,717 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $165,717 |
| Net assets without donor restrictions | $1,018,946 |
| Net assets with donor restrictions | $14,816 |
| 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 | $1,199,479 |