Hammer Residences Inc
- Assets
- $35.6m
- Revenue
- $42.2m
- Investments
- $0.0
- Employees
- 712
- Location
- Wayzata, MN
- Founding
- 02/1962
- Data as of
- 12/2023
- EIN
- 41-0841103
Organization Overview
Hammer Residences Inc is located in Wayzata, MN. The organization was established in 1962. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Hammer Residences Inc employed 712 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammer Residences 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 12/2023, Hammer Residences Inc generated $42.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $43.1m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GIVE PEOPLE WITH DEVELOPMENTAL DISABILITIES OPPORTUNITIES TO EXPERIENCE LIFE TO ITS FULLEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES: HAMMER PROVIDES A HOLISTIC AND PERSON-CENTERED APPROACH TO RESIDENTIAL AND SUPPORT SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. EACH INDIVIDUAL LIVING AT HAMMER IS ENCOURAGED TO UNCOVER WHAT LIVING LIFE TO ITS FULLEST MEANS TO THEM. HAMMER PROGRAMS ARE DESIGNED TO MEET THE PHYSICAL WELL-BEING, PSYCHOLOGICAL, SOCIAL, SPIRITUAL, EDUCATIONAL, AND RECREATIONAL NEEDS OF EACH PERSON WE SUPPORT. OUR FULL-TIME NURSES PROVIDE OVERSIGHT TO EACH PERSON'S HEALTH CARE NEEDS. HAMMER PARTNERS WITH EACH INDIVIDUAL AND HIS/HER FAMILY TO CREATE A LIFE EXPERIENCE THAT IS FULFILLING AND MEANINGFUL. IN 2023 HAMMER EXPANDED THIS PROGRAM BY MERGING WITH NORTHEAST RESIDENCE, INC. THIS MERGER ADDED 24 HOMES IN THE NORTHEASTERN METRO AREA TO ALLOW HAMMER TO CARE FOR MORE PEOPLE IN A LARGER GEOGRAPHICAL AREA.
CASE MANAGEMENT/CARE COORDINATION:HAMMER PROVIDES CASE MANAGEMENT SERVICES THROUGH A CONTRACT WITH HENNEPIN COUNTY, HAMMER PROVIDES CASE MANAGEMENT SERVICES TO PEOPLE THROUGHOUT THE STATE. HAMMER CASE MANAGERS PROVIDE SUPPORT IN ACCESSING AND COORDINATING SERVICES FOR INDIVIDUALS. HAMMER ALSO HAS MANAGED CARE CONTRACTS UNDER WHICH WE PROVIDE CARE COORDINATION OF THE INDIVIDUAL'S HEALTH SERVICES.
TRAVEL PROGRAM:HAMMER HAS DEVELOPED AN EXPANSION IN ITS MISSION WHICH PROVIDES TRAVEL EXPERIENCES FOR PEOPLE WITH DISABILITIES. THIS SERVICE HELPS WITH THE PLANNING AND COORDINATION OF TRAVEL ARRANGEMENTS FOR THE DISABLED INDIVIDUAL. THESE EXPERIENCES HELP DEVELOP THE INDIVIDUAL'S LIVING SKILLS. THE OFFERINGS TEACH INDEPENDENCE, TRAVEL ABILITIES, MANAGEMENT OF CIRCUMSTANCES AND LIFE EXPERIENCES FOR BOTH THE DISABLED INDIVIDUAL AS WELL AS THE CARE GIVER. THIS HELPS DEVELOP LIFE SKILLS. THE SERVICE IS PROVIDED BY HAMMER TRAVEL, LLC WHICH IS A SINGLE MEMBER LLC IN WHICHHAMMER RESIDENCES IS THE SOLE MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Stephens President | OfficerTrustee | 1 | $0 |
Bhuvana Nandskumar Vice President | OfficerTrustee | 1 | $0 |
Julie Wesley-Wong Secretary | OfficerTrustee | 1 | $0 |
Victor Sugumar Treasurer | OfficerTrustee | 1 | $0 |
Don Haberman Member | OfficerTrustee | 0.1 | $0 |
Greg Hanson Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $263,060 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,702,172 |
| Noncash contributions included in lines 1a–1f | $123,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,965,232 |
| Total Program Service Revenue | $39,821,020 |
| Investment income | $336,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,650 |
| Net Income from Fundraising Events | $93,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,228,145 |
| 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. | $463,493 |
| Compensation of current officers, directors, key employees. | $324,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,923,216 |
| Pension plan accruals and contributions | $623,752 |
| Other employee benefits | $1,468,668 |
| Payroll taxes | $2,190,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $970,593 |
| Advertising and promotion | $28,110 |
| Office expenses | $778,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,644,344 |
| Travel | $373,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,484 |
| Interest | $149,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,311,586 |
| Insurance | $244,045 |
| All other expenses | $3,045,354 |
| Total functional expenses | $43,102,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,694,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,183,164 |
| 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 | $145,488 |
| Net Land, buildings, and equipment | $16,459,623 |
| Investments—publicly traded securities | $10,041,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,213 |
| Total assets | $35,597,157 |
| Accounts payable and accrued expenses | $3,096,653 |
| Grants payable | $0 |
| Deferred revenue | $727,570 |
| Tax-exempt bond liabilities | $304,739 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,310,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,439,500 |
| Net assets without donor restrictions | $24,304,387 |
| Net assets with donor restrictions | $2,853,270 |
| 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 | $35,597,157 |