Elder's Home Inc
- Assets
- $1.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 153
- Location
- New York Mills, MN
- Founding
- Data as of
- 09/2016
- EIN
- 41-0837822
Organization Overview
Elder's Home Inc is located in New York Mills, MN. As of 09/2016, Elder's Home Inc employed 153 individuals. Elder's Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
OWNING AND OPERATING A SKILLED NURSING FACILITY TO CARE FOR THE ELDERLY OF NEW YORK MILLS, MINNESOTA AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDERS' HOME IS A 45 BED SKILLED NURSING FACILITY, LICENSED BY THE STATE OF MINNESOTA. THIRTY-THREE ROOMS ARE SINGLE OCCUPANCY, AND SIX ROOMS ARE SEMI-PRIVATE. THE ORGANIZATION PROVIDED 12,963 RESIDENT DAYS DURING THE FISCAL YEAR ENDED 9/30/16.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Anderson Administrator (thru July) | Officer | 32 | $77,849 |
Ann Roberts Secretary | OfficerTrustee | 0.5 | $0 |
Martin Mursu Chairman | OfficerTrustee | 0.5 | $0 |
Russell Jacobson Treasurer | OfficerTrustee | 0.5 | $0 |
Ron Ruther Vice-Chair | OfficerTrustee | 0.5 | $0 |
Lyn Sebenaler Administrator | Officer | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,541 |
| Investment income | $22 |
| 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 | $3,128,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $50 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,540,629 |
| Pension plan accruals and contributions | $5,022 |
| Other employee benefits | $163,425 |
| Payroll taxes | $235,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,098 |
| Fees for services: Accounting | $28,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,388 |
| Advertising and promotion | $3,320 |
| Office expenses | $127,326 |
| Information technology | $949 |
| Royalties | $0 |
| Occupancy | $93,767 |
| Travel | $7,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,917 |
| Interest | $31,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,444 |
| Insurance | $37,081 |
| All other expenses | $0 |
| Total functional expenses | $3,106,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,179 |
| Savings and temporary cash investments | $60,590 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270,427 |
| 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 | $16,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,376 |
| Total assets | $1,103,074 |
| Accounts payable and accrued expenses | $343,444 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $229,682 |
| Escrow or custodial account liability | $3,983 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $307,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $884,294 |
| Net assets without donor restrictions | $218,780 |
| Net assets with donor restrictions | $0 |
| 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 | $218,780 |
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