Bell Tower Residence Inc
- Assets
- $3.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 179
- Location
- Merrill, WI
- Founding
- 03/1946
- Data as of
- 06/2018
- EIN
- 39-1672100
Organization Overview
Bell Tower Residence Inc is located in Merrill, WI. 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 06/2018, Bell Tower Residence Inc employed 179 individuals. Bell Tower Residence 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 06/2018, Bell Tower Residence Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $5.0m during the year ending 06/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE SISTERS OF MERCY OF THE HOLY CROSS OF MERRILL, WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELL TOWER RESIDENCE PROVIDES HOUSING AND SUPPORT FACILITIES AND SERVICES FOR THE ELDERLY OF THE MERRILL, WISCONSIN AREA. BELL TOWER RESIDENCE'S ASSISTED LIVING PROGRAMS PROVIDE RESIDENTS WITH A COMMUNITY LIVING EXPERIENCE WHICH OFFERS A COMFORTABLE AND SAFE HOME-LIKE ENVIRONMENT; ENCOURAGES THE HIGHEST LEVEL OF INDEPENDENT FUNCTIONING OF THE INDIVIDUAL; OFFERS MEANINGFUL OPPORTUNITIES FOR THE CONTINUATION OF COMMUNITY, CHURCH AND SOCIAL INVOLVEMENT; PROMOTES A VITAL SENSE OF COMMUNITY AND BELONGING THROUGH SHARED DAILY LIVING, RECREATIONAL AND SOCIAL EXPERIENCE; RECOGNIZES AND RESPONDS TO THE SPECIAL PHYSICAL, EMOTIONAL, INTELLECTUAL AND SPIRITUAL NEEDS OF THE ELDERLY; ENCOURAGES FAMILY-CENTERED EXPERIENCES WITHIN THE CONTEXT OF COMMUNITY LIVING. IN THE FISCAL YEAR 2018, BELL TOWER RESIDENCE SERVED 108 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Noel Bushor President | OfficerTrustee | 0.3 | $0 |
David Cooper Vice President | OfficerTrustee | 0.3 | $0 |
Pat Cormack Scsc Ex-Officio | OfficerTrustee | 0.3 | $0 |
Sr Peggy Jackelen Secretary | OfficerTrustee | 0.3 | $0 |
Mark Seaman Board Member | Trustee | 0.3 | $0 |
Mark Zulliger Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Care Staffing Solution Staffing Services | 6/29/17 | $272,090 |
Franciscan Advisory Services Management Advisory Services | 6/29/17 | $245,665 |
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 | $781,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,419 |
| Total Program Service Revenue | $4,463,580 |
| Investment income | $51,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $314,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,611,472 |
| 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. | $104,754 |
| Compensation of current officers, directors, key employees. | $104,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,511,849 |
| Pension plan accruals and contributions | $7,819 |
| Other employee benefits | $298,276 |
| Payroll taxes | $193,240 |
| Fees for services: Management | $239,899 |
| Fees for services: Legal | $3,241 |
| Fees for services: Accounting | $68,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,507 |
| Fees for services: Other | $23,005 |
| Advertising and promotion | $17,601 |
| Office expenses | $62,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $508,669 |
| Travel | $4,311 |
| 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 | $87,970 |
| Insurance | $156,739 |
| All other expenses | $108,111 |
| Total functional expenses | $4,967,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,515 |
| Savings and temporary cash investments | $59,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,278 |
| Prepaid expenses and deferred charges | $70,239 |
| Net Land, buildings, and equipment | $463,648 |
| Investments—publicly traded securities | $2,604,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,738 |
| Total assets | $3,604,714 |
| Accounts payable and accrued expenses | $376,700 |
| 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 | $376,700 |
| Unrestricted restricted net Assets | $1,519,459 |
| Temporarily restricted net Assets | $1,182,849 |
| Permanently restricted net Assets or current funds | $525,706 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,228,014 |