Eventide
- Assets
- $123.7m
- Revenue
- $65.8m
- Investments
- $0.0
- Employees
- 1,505
- Location
- Moorhead, MN
- Founding
- 03/1952
- Data as of
- 09/2022
- EIN
- 41-0721640
Organization Overview
Eventide is located in Moorhead, MN. The organization was established in 1952. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Eventide employed 1,505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eventide 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 09/2022, Eventide generated $65.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $63.8m during the year ending 09/2022. While expenses have increased by 4.5% per year over the past 7 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 SPONSOR, ENCOURAGE, PROMOTE, AND ADVANCE THE DELIVERY OF HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTIDE LUTHERAN HOME OF MOORHEAD OPERATED A 145-BED NURSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 86.45%.
EVENTIDE JAMESTOWN OPERATED A 81-BED NURSING HOME. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 96.47%
EVENTIDE SHEYENNE CROSSINGS CARE CENTER OPERATED A 64-BED NURSING HOME. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 97.42%
EVENTIDE LINDEN TREE CIRCLE OPERATED A 187-UNIT ELDERLY HOUSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 81.88%EVENTIDE, THE FAIRMONT, OPERATED AN 88-UNIT ELDERLY HOUSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 0%. FAIRMONT SOLD IN NOVEMBER 2021. ALL TENANTS WERE OUT OF THE FACILITY AS OF SEPTEMBER 7, 2021.EVENTIDE FARGO AL OPERATED A 76-UNIT ASSISTED LIVING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 86.16%.EVENTIDE JAMESTOWN AL, OPERATED AS A 43-UNIT ASSISTED LIVING FACILITY. THE OCCUPANCY PERCENTAGE FOR THIS YEAR WAS 91.38%EVENTIDE FARGO OPERATED A 98-BED NURSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THIS YEAR WAS 98.90%EVENTIDE FOUNDATION IS OPERATED TO FUNDRAISE AND THE INVESTMENT OF FUNDS TO SUPPORT THE OPERATIONS OF EVENTIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Riewer President/ceo | Officer | 10 | $483,910 |
Melissa Heesch VP Of Operation | 10 | $237,583 | |
Darin Ohe CFO | Officer | 10 | $227,503 |
Stacey Honeyman Controller | 40 | $170,515 | |
Douglas Panchot Adminstrator - Jamestown | 40 | $143,035 | |
Katja Olson President Of Clinical Serv | 40 | $130,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centrex Rehab Therapy Contracts | 9/29/21 | $1,509,026 |
Mckesson Medical-surgical Supplies | 9/29/21 | $1,256,348 |
Health Partners Benefits | 9/29/21 | $6,246,569 |
Sysco Nd Inc Food | 9/29/21 | $2,387,677 |
Health Partners Benefits | 9/29/21 | $6,246,569 |
Sysco Nd Inc Food | 9/29/21 | $2,387,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,990,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,073,989 |
| Total Program Service Revenue | $63,134,390 |
| Investment income | $507,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,268 |
| Net Income from Fundraising Events | $68,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,835,602 |
| 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. | $917,039 |
| Compensation of current officers, directors, key employees. | $917,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,793,546 |
| Pension plan accruals and contributions | $462,796 |
| Other employee benefits | $3,238,265 |
| Payroll taxes | $2,406,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,255 |
| Fees for services: Accounting | $111,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,069,613 |
| Advertising and promotion | $373,164 |
| Office expenses | $1,376,631 |
| Information technology | $1,030,790 |
| Royalties | $0 |
| Occupancy | $2,491,736 |
| Travel | $110,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,392 |
| Interest | $3,154,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,322,564 |
| Insurance | $538,702 |
| All other expenses | $703,195 |
| Total functional expenses | $63,814,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,531,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,641,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,883 |
| Prepaid expenses and deferred charges | $588,882 |
| Net Land, buildings, and equipment | $81,164,427 |
| Investments—publicly traded securities | $10,335,452 |
| Investments—other securities | $0 |
| Investments—program-related | $5,834,465 |
| Intangible assets | $2,344,777 |
| Other assets | $7,123,371 |
| Total assets | $123,722,101 |
| Accounts payable and accrued expenses | $5,187,477 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $45,732,148 |
| Escrow or custodial account liability | $372,930 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,658,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,588,639 |
| Total liabilities | $84,539,855 |
| Net assets without donor restrictions | $36,525,456 |
| Net assets with donor restrictions | $2,656,790 |
| 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 | $123,722,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eventide has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Endowment Analysis
| Beg. Balance | $1,755,663 |
| Earnings | -$133,602 |
| Net Contributions | $3,444 |
| Other Expense | $47,472 |
| Ending Balance | $1,578,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eventide Moorhead, MN | $123,722,101 | $65,835,602 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Presbyterian Homes And Services Roseville, MN | $66,716,638 | $30,662,544 |
Good Shepherd Lutheran Home Of Sauk Rapids Minnesota Sauk Rapids, MN | $33,093,333 | $25,176,810 |
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr Grand Forks, ND | $30,848,608 | $21,519,698 |
Augustana Health Care Center Of Apple Valley Edina, MN | $23,811,041 | $22,017,190 |
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |