Hospice Cottage Inc
- Assets
- $1.9m
- Revenue
- $180.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Worthington, MN
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 31-1806490
Organization Overview
Hospice Cottage Inc is located in Worthington, MN. The organization was established in 2002. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Cottage 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 12/2021, Hospice Cottage Inc generated $180.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $96.7k during the year ending 12/2021. While expenses have increased by 7.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING & MAINTAINING A HOSPICE COTTAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDING FOR THE OPERATION AND MAINTENANCE OF A HOSPICE COTTAGE FACILITY. THE FACILITY IS LEASED TO THE SANFORD HEALTH ORGANIZATION FOR OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hayenga Co-Treasurer | Officer | 1 | $0 |
Tom Johnson Vice Preside | Officer | 1 | $0 |
Dennis Weber Co-Treasurer | Officer | 1 | $0 |
Pat Grimmius Secretary | Officer | 1 | $0 |
Don Groninga Co-Treasurer | Officer | 1 | $0 |
Dave Serrano President | Officer | 1 | $0 |
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 | $52,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,465 |
| Total Program Service Revenue | $12,000 |
| Investment income | $49,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,469 |
| Net Income from Fundraising Events | -$1,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,642 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,029 |
| Office expenses | $655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,072 |
| Travel | $0 |
| 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 | $59,037 |
| Insurance | $1,434 |
| All other expenses | $61 |
| Total functional expenses | $96,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,976 |
| Savings and temporary cash investments | $163,595 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $810,370 |
| Investments—publicly traded securities | $807,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $958 |
| Total assets | $1,856,915 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,856,915 |
| 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 | $1,856,915 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hospice Cottage Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Southwest Initiative Foundation Hutchinson, MN PURPOSE: ORGANIZATION SUPPORT | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morris Health Services Morris, MN | $9,143,705 | $10,207,568 |
Beulah Community Nursing Home Beulah, ND | $9,353,635 | $10,834,879 |
Mother Of Mercy Albany, MN | $9,496,821 | $9,924,077 |
Lakeview Methodist Health Care Center Fairmont, MN | $33,007,495 | $10,103,045 |
Marquardt Memorial Manor Inc Watertown, WI | $22,487,955 | $14,763,955 |
Presbyterian Home Care Centers Inc Roseville, MN | $22,179,163 | $7,960,895 |
Pine Haven Inc Pine Island, MN | $7,119,498 | $9,079,459 |
Sheboygan Senior Community Inc Sheboygan, WI | $15,183,816 | $8,667,622 |
Simpson Memorial Home Inc West Liberty, IA | $15,879,383 | $9,351,091 |
Moravian Care Housing Corporation Waconia, MN | $17,297,181 | $8,552,508 |
Penn Center Inc Hiawatha, IA | $2,818,986 | $8,562,517 |
Chosen Valley Care Center Inc Chatfield, MN | $21,385,464 | $9,331,472 |