Colonial Acres Home Inc

Organization Overview

Colonial Acres Home Inc is located in Minneapolis, MN. The organization was established in 1975. 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 09/2021, Colonial Acres Home Inc employed 388 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Colonial Acres 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.

For the year ending 09/2021, Colonial Acres Home Inc generated $24.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $29.3m during the year ending 09/2021. While expenses have increased by 5.3% per year over the past 6 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

CARE FOR SENIOR ADULTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESIDENTIAL LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 218 RESIDENTS, OCCUPYING 170 APARTMENTS AT 09/30/2021. RESIDENCY FOR THE FISCAL YEAR TOTALED 79,034 RESIDENT DAYS.


ASSISTED LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 43 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 14,626 RESIDENT DAYS.


SKILLED NURSING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 61 SKILLED CARE RESIDENTS AT 09/30/2021. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 21,799 RESIDENT DAYS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Genesis Rehabilitation Service
Therapy
$643,469
Ajw Contracting Inc
Construction/renovation
$650,236
Sodexo Inc & Affiliates
Dining Services
$468,145
Nordic Services
Construction
$191,357
Hunerberg Construction Company
Construction/renovation
$204,027
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$77,017
Related organizations$0
Government grants $1,836,629
All other contributions, gifts, grants, and similar amounts not included above$661,653
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,575,299
Total Program Service Revenue$20,587,705
Investment income $281,527
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $20,599
Net Gain/Loss on Asset Sales $562,277
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,567,557

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Colonial Acres Home Inc has recieved totaling $148.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$148
View Grant Recipient Profile

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