Cerenity Senior Care
- Assets
- $46.0m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 583
- Location
- Minneapolis, MN
- Founding
- 10/1987
- Data as of
- 06/2022
- EIN
- 36-3517696
Organization Overview
Cerenity Senior Care is located in Minneapolis, MN. The organization was established in 1987. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 06/2022, Cerenity Senior Care employed 583 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cerenity Senior Care 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 06/2022, Cerenity Senior Care generated $31.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $31.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AND COORDINATE ACTIVITIES OF, AND FACILITIES FOR, HEALTH CARE AND RELATED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CERENITY CARE CENTER - HUMBOLDT, A 93-BED SKILLED NURSING FACILITY AND CERENITY RESIDENCE - HUMBOLDT, A 127-UNIT ASSISTED LIVING FACILITY IN THE ST. PAUL, MINNESOTA. THE SKILLED NURSING FACILITY HAD 87.7% OCCUPANCY AND SERVED 292 INDIVIDUALS AND THE ASSISTED LIVING FACILITY HAD 56.5% OCCUPANCY AND SERVED 99 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/2022.
OPERATIONS OF DISREGARDED ENTITY - CERENITY - MARIAN OF ST. PAUL, LLC (32-0542938) OPERATES CERENITY CARE CENTER - MARIAN OF ST. PAUL, A 90-BED SKILLED NURSING FACILITY AND A 30-UNIT MEMORY CARE FACILITY IN ST. PAUL, MINNESOTA. THE SKILLED NURSING FACILITY HAD 79.0% OCCUPANCY AND SERVED 421 INDIVIDUALS AND THE MEMORY CARE FACILITY HAD 56.3% OCCUPANCY AND SERVED 31 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/2022.
OPERATIONS OF DISREGARDED ENTITY - MARIAN CENTER - GEAC, LLC (41-1988959) OPERATES CERENITY RESIDENCE - MARIAN OF ST. PAUL, A 127-UNIT ASSISTED AND INDEPENDENT LIVING FACILITY IN ST. PAUL, MINNESOTA. THE FACILITY HAD 78.9% OCCUPANCY AND SERVED 144 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/22.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | OfficerTrustee | 1 | $0 |
Kevin Rymanowski CFO Of Bhs & Treasurer | OfficerTrustee | 1 | $0 |
William Foussard Director | Trustee | 1 | $0 |
Joan Grzywinski Director | Trustee | 1 | $0 |
Dawn Ksepka Director | Trustee | 1 | $0 |
Jonathan Lundberg Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metro Nursing Staffing Services Temporary Nursing Staffing | 6/29/22 | $1,959,420 |
Benedictine Health System Management Services | 6/29/22 | $1,734,504 |
Euvoia Llc Temporary Nursing Staffing | 6/29/22 | $229,003 |
Advanced Health Institute Llc Interim Staffing | 6/29/22 | $151,826 |
Worldwide Trael Staffing Ltd Temporary Nursing Staffing | 6/29/22 | $123,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $109,145 |
| Government grants | $319,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,004 |
| Total Program Service Revenue | $30,677,320 |
| Investment income | $26,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,788,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,944 |
| Grants and other assistance to domestic individuals. | $6,772 |
| 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 | $12,449,185 |
| Pension plan accruals and contributions | $218,571 |
| Other employee benefits | $1,738,633 |
| Payroll taxes | $926,567 |
| Fees for services: Management | $1,824,505 |
| Fees for services: Legal | $203 |
| Fees for services: Accounting | $36,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,761,212 |
| Advertising and promotion | $104,498 |
| Office expenses | $185,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,129,973 |
| Travel | $30,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,355,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,919,005 |
| Insurance | $365,260 |
| All other expenses | $160,920 |
| Total functional expenses | $31,826,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,011,796 |
| Savings and temporary cash investments | $1,755,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,018,213 |
| 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 | $469,464 |
| Net Land, buildings, and equipment | $31,021,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,772 |
| Other assets | $4,707,571 |
| Total assets | $46,017,453 |
| Accounts payable and accrued expenses | $3,208,590 |
| Grants payable | $0 |
| Deferred revenue | $252,942 |
| Tax-exempt bond liabilities | $28,457,040 |
| Escrow or custodial account liability | $189,353 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,032,375 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,382,140 |
| Total liabilities | $34,522,440 |
| Net assets without donor restrictions | $9,794,137 |
| Net assets with donor restrictions | $1,700,876 |
| 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 | $46,017,453 |