Mount Olivet Careview Home
- Assets
- $45.3m
- Revenue
- $25.3m
- Investments
- $75.0k
- Employees
- 394
- Location
- Minneapolis, MN
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 41-0802697
Organization Overview
Mount Olivet Careview Home is located in Minneapolis, MN. The organization was established in 1974. 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 12/2021, Mount Olivet Careview Home employed 394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet Careview Home 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 12/2021, Mount Olivet Careview Home generated $25.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $22.7m during the year ending 12/2021. While expenses have increased by 8.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY LONG TERM CARE FOR RESIDENTS IN A LOVING AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT OLIVET CAREVIEW HOME (MOCH) IS A 155-BED SKILLED CARE FACILITY FEATURING MOSTLY DOUBLE ROOMS AND SOME SINGLE ROOMS. WE ALSO OFFER A 16-BED TRANSITIONAL CARE UNIT FOR PATIENTS WHO REQUIRE SHORT TERM SKILLED NURSING CARE OR DAILY REHABILITATION FOLLOWING A HOSPITALIZATION. IN ADDITION, WE PROVIDE A SECURED MEMORY UNIT FOR RESIDENTS COPING WITH LATE STAGES OF MEMORY LOSS, ALZHEIMER'S AND OTHER DEMENTIA-RELATED ILLNESSES. RESIDENTS ARE DEPENDENT ON THE NURSING STAFF TO ACCOMPLISH DAILY LIVING ACTIVITIES, INCLUDING DRESSING, GROOMING, BATHING, TOILETING, EATING, WALKING, AND TRANSFERRING. DAILY SERVICES ALSO INCLUDE OXYGEN AND IV THERAPY, AS NEEDED. ONSITE VISION, HEARING, DENTAL AND PODIATRY SERVICES ARE ALSO AVAILABLE. THREE NUTRITIOUS MEALS AND OTHER REFRESHMENTS ARE SERVED DAILY IN DINING ROOMS ON EACH FLOOR. FAMILY MEMBERS CAN ENJOY MEALS WITH THEIR LOVED ONE.SPACIOUS LOUNGES, OUTDOOR PATIOS, AND PRIVATE FAMILY AREAS MAKE THE FACILITY FEEL LIKE HOME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Hokanson Administrator | Officer | 38 | $200,140 |
Evans Ribo Registered Nurse | 40 | $175,350 | |
Sharon Flack Controller | Officer | 38 | $146,281 |
Britni Boldstad Director Of Nursing | 20 | $139,490 | |
Enock Kebati Registered Nurse | 40 | $134,186 | |
Roger White Director Of Human Resource | 40 | $130,485 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mount Olivet Home Dietary Services | 12/30/21 | $1,836,688 |
Basssford Remele Legal Services | 12/30/21 | $193,721 |
Centrex Rehab Rehabilitation Services | 12/30/21 | $1,195,339 |
Atomic Data It Services | 12/30/21 | $355,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,034,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,208,708 |
| Total Program Service Revenue | $21,283,059 |
| Investment income | $161,352 |
| 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 | $25,272,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,411 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,861 |
| Compensation of current officers, directors, key employees. | $406,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,200,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,204,659 |
| Payroll taxes | $869,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,594 |
| Fees for services: Accounting | $34,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,456,431 |
| Advertising and promotion | $40,328 |
| Office expenses | $202,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $405,768 |
| Travel | $17,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,997 |
| Interest | $1,144,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,672,123 |
| Insurance | $175,126 |
| All other expenses | $52,065 |
| Total functional expenses | $22,739,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,021,844 |
| 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 | $93,456 |
| Net Land, buildings, and equipment | $31,322,449 |
| Investments—publicly traded securities | $7,602,090 |
| Investments—other securities | $75,000 |
| Investments—program-related | $1,668,953 |
| Intangible assets | $0 |
| Other assets | $1,004,986 |
| Total assets | $45,263,214 |
| Accounts payable and accrued expenses | $926,354 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,862,756 |
| Escrow or custodial account liability | $30,557 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,856,449 |
| Total liabilities | $27,676,116 |
| Net assets without donor restrictions | $16,170,857 |
| Net assets with donor restrictions | $1,416,241 |
| 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 | $45,263,214 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mount Olivet Careview Home has recieved totaling $314,710.
| Awarding Organization | Amount |
|---|---|
Augustana Mount Olivet Hospice Care Llc Minneapolis, MN PURPOSE: GENERAL ASSISTANCE | $300,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $7,710 |
Charles & Kathryn Cunningham Family Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $6,000 |
Duggan Foundation Bloomington, MN PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $1,095,541 |
| Earnings | $20,409 |
| Other Expense | $20,409 |
| Ending Balance | $1,095,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |