4000 Valley Square Inc Dba Woodside Vill Wheatland Terr
- Assets
- $36.7m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/1997
- Data as of
- 06/2024
- EIN
- 31-1558826
Organization Overview
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr, operating under the name Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates, is located in Grand Forks, ND. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates 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 06/2024, Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates generated $26.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $24.1m during the year ending 06/2024. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF WOODSIDE VILLAGE A 138 BED SKILLED NURSING FACILITY, OPERATION OF WHEATLAND TERRACE A 59 UNIT ASSISTED LIVING FACILITY AND OPERATION OF COUNTRY ESTATES A 60 UNIT INDEPENDENT LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODSIDE VILLAGE IS A 138 BED SKILLED NURSING FACILITY, INCLUDING 28 MEMORY CARE BEDS. FYE 6/30/2023 WOODSIDE VILLAGE SERVED ON THE AVERAGE 136 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 98.3%. WOODSIDE VILLAGE SERVES THE MEDICARE, MEDICAID AND PRIVATE PAY POPULATION
WHEATLAND TERRACE A 59 UNIT ASSISTED LIVING FACILITY. FYE 6/30/2023 WHEATLAND TERRACE SERVED ON THE AVERAGE 56 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 94%.
COUNTRY ESTATES A 60 UNIT INDEPENDENT LIVING FACILITY. FYE 6/30/2023 COUNTRY ESTATES SERVED ON THE AVERAGE 59 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 97%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Rydland President/ceo | OfficerTrustee | 0 | $0 |
Gina Roller Valley Senior Living On 42nd Administrator | Officer | 40 | $187,624 |
Lorilee A Bott CFO | Officer | 0 | $0 |
Adam Edwards Chief Human Resource Officer | Officer | 0 | $0 |
Jessica Baumgarten Director Of Nursing Valley Senior Living On Columbia | Officer | 0 | $0 |
Leeann Novak Lpn Float | 40 | $150,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $49,960 |
| Government grants | $460,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,450 |
| Total Program Service Revenue | $25,302,378 |
| Investment income | $445,819 |
| 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 | $26,407,271 |
| 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 | $12,623,538 |
| Pension plan accruals and contributions | $561,178 |
| Other employee benefits | $1,511,475 |
| Payroll taxes | $1,000,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,265 |
| Fees for services: Accounting | $172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102 |
| Advertising and promotion | $1,968 |
| Office expenses | $79,852 |
| Information technology | $235,282 |
| Royalties | $0 |
| Occupancy | $384,866 |
| Travel | $29,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,014 |
| Interest | $1,220,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,770,003 |
| Insurance | $229,884 |
| All other expenses | $403,353 |
| Total functional expenses | $24,078,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,548,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,265,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $119,438 |
| Prepaid expenses and deferred charges | $8,890 |
| Net Land, buildings, and equipment | $16,212,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,550,658 |
| Total assets | $36,706,114 |
| Accounts payable and accrued expenses | $1,133,583 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,610,000 |
| 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 | $141,165 |
| Other liabilities | $450,332 |
| Total liabilities | $25,335,080 |
| Net assets without donor restrictions | $11,154,289 |
| Net assets with donor restrictions | $216,745 |
| 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 | $36,706,114 |