Mount Olivet Home

Organization Overview

Mount Olivet Home is located in Minneapolis, MN. The organization was established in 1974. 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 12/2021, Mount Olivet Home employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet 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 Home generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $9.8m during the year ending 12/2021. While expenses have increased by 7.3% 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.

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 HOME (MOH) IS A 92-BED SEMI-INDEPENDENT LIVING FACILITY FEATURING PRIVATE ROOMS WITH PRIVATE BATHROOMS. WE ALSO OFFER A SECURED MEMORY CARE UNIT FOR RESIDENTS COPING WITH THE EARLY STAGES OF MEMORY LOSS, ALZHEIMER'S AND OTHER DEMENTIA-RELATED ILLNESSES. RESIDENTS FURNISH THEIR ROOMS WITH FAVORITE POSSESSIONS. RESIDENTS ARE INDEPENDENT WITH ACTIVITIES OF DAILY LIFE, INCLUDING DRESSING, GROOMING, EATING, WALKING, TRANSFERRING AND TOILETING. ASSISTANCE WITH MEDICATION ADMINISTRATION AND BATHING IS AVAILABLE. ONSITE VISION, HEARING, DENTAL AND PODIATRY SERVICES ARE ALSO AVAILABLE. THREE NUTRITIOUS MEALS AND OTHER REFRESHMENTS ARE SERVED DAILY IN THE MAIN FLOOR DINING ROOM. RESIDENTS LIVING IN THE MEMORY CARE UNIT EAT IN A DINING ROOM LOCATED IN THE UNIT. FAMILY MEMBERS CAN ENJOY MEALS WITH THEIR LOVED ONE IN EITHER LOCATION. SPACIOUS LOUNGES, OUTDOOR PATIOS, AND PRIVATE FAMILY AREAS MAKE THE FACILITY FEEL LIKE HOME.


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Board, Officers & Key Employees

Name (title)Compensation
Samuel Tarr
Registered Nurse
$106,862
Kurt Halva
President
$0
Ruth Jarcho
Secretary
$0
Gordon Vetsch
Treasurer
$0
Christine Bent
Vice President
$0
Timothy Hokanson
Administrator
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $326,573
All other contributions, gifts, grants, and similar amounts not included above$141,255
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$467,828
Total Program Service Revenue$9,911,034
Investment income $44,415
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $33,756
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 $10,469,353

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mount Olivet Home has recieved totaling $34.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$34
View Grant Recipient Profile

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