Iola Living Assistance Inc
- Assets
- $7.4m
- Revenue
- $2.3m
- Investments
- $9.3k
- Employees
- 97
- Location
- Iola, WI
- Founding
- 10/1946
- Data as of
- 12/2020
- EIN
- 39-0754474
Organization Overview
Iola Living Assistance Inc is located in Iola, WI. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2020, Iola Living Assistance Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iola Living Assistance 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 12/2020, Iola Living Assistance Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SKILLED NURSING CARE AND APARTMENTS WITH SERVICES FOR ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES EXPENSES FOR ELDERLY CARE AND APARTMENTS WITH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Edseth CEO | Officer | 40 | $59,513 |
Mike Koles Treasurer | OfficerTrustee | 2 | $0 |
Mark Doll Secretary | OfficerTrustee | 2 | $0 |
Mike Mazemke President | OfficerTrustee | 2 | $0 |
Patricia Klug Director | Trustee | 2 | $0 |
Stephanie Fuhs Director | Trustee | 2 | $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 | $49,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,422 |
| Total Program Service Revenue | $2,205,946 |
| Investment income | $162 |
| 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 | $2,255,530 |
| 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. | $97,899 |
| Compensation of current officers, directors, key employees. | $97,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,233,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,275 |
| Payroll taxes | $134,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,599 |
| Fees for services: Accounting | $28,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,207 |
| Office expenses | $2,726 |
| Information technology | $9,196 |
| Royalties | $0 |
| Occupancy | $176,321 |
| Travel | $1,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,984 |
| Insurance | $58,603 |
| All other expenses | $59,544 |
| Total functional expenses | $2,786,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,017 |
| Accounts receivable, net | $73,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,515 |
| Prepaid expenses and deferred charges | $26,371 |
| Net Land, buildings, and equipment | $7,069,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,446,520 |
| Accounts payable and accrued expenses | $363,484 |
| 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 | $5,847,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $768,769 |
| Total liabilities | $6,980,139 |
| Net assets without donor restrictions | $425,364 |
| Net assets with donor restrictions | $41,017 |
| 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 | $7,446,520 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iola Living Assistance Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
B & D Foundation Inc Madison, WI PURPOSE: PROGRAM SUPPORT | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
Michigan Christian Home Grand Rapids, MI | $105,314,138 | $18,661,362 |
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Presbyterian Village East Chesterfield Twp, MI | $23,144,610 | $18,364,022 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
St Patrick Residence Naperville, IL | $29,023,475 | $20,568,774 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |