Buffalo Lake Healthcare Center Inc
- Assets
- $10.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 119
- Location
- Buffalo Lake, MN
- Founding
- 07/2010
- Data as of
- 09/2023
- EIN
- 26-3686845
Organization Overview
Buffalo Lake Healthcare Center Inc is located in Buffalo Lake, MN. The organization was established in 2010. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Buffalo Lake Healthcare Center Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Lake Healthcare Center 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 09/2023, Buffalo Lake Healthcare Center Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.5m during the year ending 09/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SENIOR HEALTH, HOUSING, AND REHABILITATIVE SERVICES IN THE BUFFALO LAKE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FACILITY SKILLED NURSING CARE AND REHABILITATION. LICENSED FOR 49 BEDS AND SERVICES IS PROVIDED 24 HOURS A DAY, 7 DAYS A WEEK AND 365 DAYS A YEAR. ON AVERAGE DURING THE YEAR, 41.7 BEDS WERE OCCUPIED.
IN FACILITY ASSISTED LIVING. LICENSED FOR 18 UNITS. SERVICES PROVIDED 24 HOURS A DAY 7 DAYS A WEEK AND 365 DAYS A YEAR. ON AVERAGE DURING THE YEAR, 15.9 UNITS WERE OCCUPIED.
OUT-PATIENT THERAPY SERVICES. ON AVERAGE 6 PATIENTS PER MONTH USE THESE SERVICES. SERVICE IS PROVIDED MONDAY THROUGH FRIDAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Baumgarten President | OfficerTrustee | 1 | $1,500 |
Mark Taylor Vice President | OfficerTrustee | 1 | $750 |
Deb Deal Treasurer | OfficerTrustee | 1 | $875 |
Angela Weispfenning Secretary | OfficerTrustee | 1 | $975 |
Roger Newman Director | Trustee | 1 | $750 |
Kathy Wehking Director | Trustee | 1 | $825 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ebert Construction General Contractor | 9/29/16 | $1,482,415 |
Aegis Therapies Therapy Services | 9/29/16 | $326,225 |
Robert J Rysavy Llc Architect | 9/29/16 | $164,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,412 |
| Total Program Service Revenue | $6,192,541 |
| Investment income | $61,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,428,035 |
| 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. | $142,240 |
| Compensation of current officers, directors, key employees. | $142,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,928,999 |
| Pension plan accruals and contributions | $25,071 |
| Other employee benefits | $543,202 |
| Payroll taxes | $264,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $735 |
| Fees for services: Accounting | $51,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,578 |
| Advertising and promotion | $29,561 |
| Office expenses | $17,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,946 |
| Travel | $11,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $544,883 |
| Insurance | $117,912 |
| All other expenses | $521,347 |
| Total functional expenses | $6,508,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,703 |
| Savings and temporary cash investments | $2,690,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $476,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,111 |
| Prepaid expenses and deferred charges | $31,379 |
| Net Land, buildings, and equipment | $6,720,884 |
| Investments—publicly traded securities | $189,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,865,505 |
| Accounts payable and accrued expenses | $406,607 |
| Grants payable | $0 |
| Deferred revenue | $175,754 |
| 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 | $6,882,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,611 |
| Total liabilities | $7,467,142 |
| Net assets without donor restrictions | $3,398,363 |
| Net assets with donor restrictions | $0 |
| 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 | $10,865,505 |