Catholic Residential Services Inc
- Assets
- $8.0m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 439
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 39-0982340
Organization Overview
Catholic Residential Services Inc, operating under the name Benedictine Living Communities Of Wisconsin, is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Benedictine Living Communities Of Wisconsin employed 439 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine Living Communities Of Wisconsin 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, Benedictine Living Communities Of Wisconsin generated $15.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN RESEDENTIAL PROGRAMS THAT MAKE REAL AND EFFECTICE THE PRESENCE OF CHRIST AND HIS CHURCH TO THOSE SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-LACROSSE, A 66-BED NURSING FACILITY WHICH HAD AN OCCUPANCY OF 84.1% AND SERVED 224 INDIVIDUALS; AND A 43-UNIT ASSISTED LIVING COMMUNITY (BENEDICTINE VILLA) WHICH HAD AN OCCUPANCY 76.5% AND SERVED 52 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/22. THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-WAUSAU, A 82-BED NURSING FACILITY IN WAUSAU, WISCONSIN THAT HAD AN AVERAGE OCCUPANCY OF 72.9% AND SERVED 285 INDIVIDUALS DURING THE YEAR ENDED 6/30/22. THE ORGANIZATION OPERATES NORTHLAND HOUSE GROUP HOME, A GROUP FOSTER HOME IN WAUSAU, WISCONSIN THAT SERVED 4 INDIVIDUALS DURING THE YEAR ENDED 6/30/22. THE FACILITY WAS CLOSED IN FEBRUARY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | OfficerTrustee | 1 | $0 |
Kevin Rymanowski CFO Of Bhs | OfficerTrustee | 1 | $0 |
Tia Bowe Vp Of Bhs & President (through March 2022) | OfficerTrustee | 1 | $0 |
Christine Nykiel Secretary | OfficerTrustee | 1 | $0 |
Gary Hixon Executive Director - Wausau | Officer | 40 | $0 |
Leslie Ellefsen Executive Director - Lacrosse | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benedictine Health System Management Services | 6/29/22 | $877,418 |
Greenfield Rehabilitation Agency Inc Therapy Services | 6/29/22 | $508,259 |
Nurses Prn Temporary Nursing Staffing | 6/29/22 | $385,026 |
Wi Department Of Health Services Temporary Nursing Staffing | 6/29/22 | $161,442 |
Senior Care Solutions Temporary Nursing Staffing | 6/29/22 | $123,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,169 |
| 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 | $320,169 |
| Total Program Service Revenue | $14,330,487 |
| Investment income | $10,390 |
| 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 | $15,237,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,654 |
| Grants and other assistance to domestic individuals. | $613 |
| 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 | $7,041,977 |
| Pension plan accruals and contributions | $79,398 |
| Other employee benefits | $992,983 |
| Payroll taxes | $532,491 |
| Fees for services: Management | $877,418 |
| Fees for services: Legal | $178 |
| Fees for services: Accounting | $26,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,086,980 |
| Advertising and promotion | $138,588 |
| Office expenses | $54,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $628,784 |
| Travel | $43,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,101 |
| Insurance | $189,724 |
| All other expenses | $50,190 |
| Total functional expenses | $15,328,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,431,708 |
| 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 | $15,265 |
| Net Land, buildings, and equipment | $4,387,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,657 |
| Other assets | $992,759 |
| Total assets | $7,962,702 |
| Accounts payable and accrued expenses | $856,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,508 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,191,140 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,066,022 |
| Net assets without donor restrictions | $833,359 |
| Net assets with donor restrictions | $63,321 |
| 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 | $7,962,702 |