Mahnomen Area Assisted Living Center Inc
- Assets
- $1.5m
- Revenue
- $407.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mahnomen, MN
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 35-2327351
Organization Overview
Mahnomen Area Assisted Living Center Inc is located in Mahnomen, MN. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mahnomen Area Assisted Living 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 12/2022, Mahnomen Area Assisted Living Center Inc generated $407.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $680.1k during the year ending 12/2022. While expenses have increased by 3.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAHNOMEN AREA ASSISTED LIVING CENTER, INC. IS A NON-PROFIT ASSISTED LIVING FACILITY. THE FACILITY FEATURES 14 APARTMENT UNITS AND IS LOCATED IN MAHNOMEN, MN. WE OFFER RESIDENTS ASSISTANCE WITH THEIR ACTIVITIES OF DAILY LIVING THROUGH PERSONALIZED SUPPORTIVE SERVICES IN HEALTHCARE, 24 HOURS A DAY. WE OFFER HELP WITH PERSONAL HYGIENE, HOUSEKEEPING, LAUNDRY, AND MEDICATION MANAGEMENT. WE ALSO OFFER MEALS AND DAILY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Zima Director Of Senior Service | 2 | $2,875 | |
Dale Kruger CEO | 1 | $1,438 | |
Lori Guenther Director Of Finance | 1 | $719 | |
Karen Ahmann Chair | 1 | $0 | |
Mary Nell Preisler Vice Chair | 1 | $0 | |
Dave Super Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93 |
| Interest on Savings | $28 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $406,945 |
| Total Revenue | $407,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,032 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $70,821 |
| Taxes | $9,292 |
| Depreciation | $178,239 |
| Occupancy | $27,480 |
| Travel, conferences, and meetings | $67,170 |
| Printing and publications | $0 |
| Other expenses | $38,192 |
| Total operating and administrative expenses | $680,089 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $680,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,849 |
| Savings and temporary cash investments | $475 |
| Net Accounts receivable | $114,257 |
| 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 | $1,256,819 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,529,400 |
| Accounts payable and accrued expenses | $891,172 |
| Grants payable | $0 |
| Deferred revenue | $19,200 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,000,859 |
| Other liabilities | $0 |
| Total liabilities | $2,911,231 |