Sholom Home East Inc
- Assets
- $55.8m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 308
- Location
- St Paul, MN
- Founding
- 02/1951
- Data as of
- 09/2021
- EIN
- 41-0695462
Organization Overview
Sholom Home East Inc is located in St Paul, MN. The organization was established in 1951. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Sholom Home East Inc employed 308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sholom Home East 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 09/2021, Sholom Home East Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $20.0m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOLOM HOME EAST, INC. IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED UNDER LAWS OF THE STATE OF MINNESOTA AND IS COMPRISED OF TWO OPERATING DIVISIONS: CHAPMAN NURSING HOME AND BENTSON ASSISTED LIVING. CHAPMAN NURSING HOME AND BENTSON ASSISTED LIVING ARE COLLECTIVELY THE ROSSY AND RICHARD SHALLER FAMILY SHOLOM EAST CAMPUS (SHALLER CAMPUS). THE SHALLER CAMPUS IS LOCATED IN SAINT PAUL, MINNESOTA AND PROVIDES HOUSING AND RELATED SERVICES TO SENIORS. BENTSON ASSISTED LIVING IS A 66-UNIT ASSISTED LIVING/MEMORY SUPPORT FACILITY AND CHAPMAN NURSING HOME IS A 118-BED SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Seiler President | OfficerTrustee | 1 | $0 |
Neil Borenstein Immediate Past President | OfficerTrustee | 1 | $0 |
Bob Meiches Vice President | OfficerTrustee | 1 | $0 |
David Nirenstein Treasurer | OfficerTrustee | 1 | $0 |
Layne Rosen Secretary | OfficerTrustee | 1 | $0 |
Lisa Edstrom Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sholom Community Alliance Management Services | 9/29/20 | $2,168,623 |
Tc Services Laundry Services | 9/29/20 | $102,723 |
Impact Group It Services | 9/29/20 | $198,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,537,784 |
| Investment income | $101,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,748 |
| 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 | $1,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,264,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,039 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $7,815,899 |
| Pension plan accruals and contributions | $91,716 |
| Other employee benefits | $1,032,971 |
| Payroll taxes | $571,766 |
| Fees for services: Management | $2,307,319 |
| Fees for services: Legal | $53,832 |
| Fees for services: Accounting | $5,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,412 |
| Fees for services: Other | $956,897 |
| Advertising and promotion | $0 |
| Office expenses | $1,407,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,851,425 |
| Travel | $1,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,750,210 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,975,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,806,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $145,719 |
| Accounts receivable, net | $1,569,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,970 |
| Prepaid expenses and deferred charges | $23,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,020,828 |
| Intangible assets | $224,000 |
| Other assets | $2,741,702 |
| Total assets | $55,805,227 |
| Accounts payable and accrued expenses | $1,637,499 |
| Grants payable | $0 |
| Deferred revenue | $239,298 |
| Tax-exempt bond liabilities | $22,104,343 |
| Escrow or custodial account liability | $96,090 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | -$481,337 |
| Other liabilities | $312,275 |
| Total liabilities | $23,908,168 |
| Net assets without donor restrictions | $19,756,589 |
| Net assets with donor restrictions | $12,140,470 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $31,897,059 |