St Marks Lutheran Home
- Assets
- $10.8m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 171
- Location
- Austin, MN
- Founding
- 11/1961
- Data as of
- 09/2021
- EIN
- 41-0859697
Organization Overview
St Marks Lutheran Home is located in Austin, MN. The organization was established in 1961. 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, St Marks Lutheran Home employed 171 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marks Lutheran 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 09/2021, St Marks Lutheran Home generated $9.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $9.2m during the year ending 09/2021. While expenses have increased by 0.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. MARK'S IS DEDICATED TO PROVIDE A CONTINUUM OF SERVICES IN THE SPIRIT OF GOD'S LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOUSING AND NURSING CARE TO THE ELDERLY BY OPERATING A 57 BED LICENSED NURSING FACILITY ALONG WITH 48 BED INDEPENDENT HOUSING, 25 BED ASSISTED LIVING, AND 26 BED MEMORY CARE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Priebe Secretary | OfficerTrustee | 1 | $0 |
Harlan Nelson President | OfficerTrustee | 1 | $0 |
Patrick Ziems Vice President | OfficerTrustee | 1 | $0 |
James Braaten Treasurer | OfficerTrustee | 1 | $0 |
Brianna Sturm Administrator | Officer | 40 | $0 |
Connie Simonson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecumen Management Services | 9/29/19 | $417,038 |
One Staff Medical Staffing | 9/29/19 | $334,216 |
Ann Leo Staffing | 9/29/19 | $295,092 |
Reinharts Food Services | 9/29/19 | $135,813 |
Aegis Therapies Therapy Services | 9/29/19 | $373,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $793,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,584 |
| Total Program Service Revenue | $8,102,981 |
| Investment income | $3,802 |
| 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 | $9,006,197 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,405,179 |
| Pension plan accruals and contributions | $6,321 |
| Other employee benefits | $573,710 |
| Payroll taxes | $276,924 |
| Fees for services: Management | $343,133 |
| Fees for services: Legal | $12,914 |
| Fees for services: Accounting | $41,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,280,555 |
| Advertising and promotion | $18,117 |
| Office expenses | $13,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371,232 |
| Travel | $9,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $755 |
| Interest | $712,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,903 |
| Insurance | $123,606 |
| All other expenses | $531,164 |
| Total functional expenses | $9,198,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,872 |
| Savings and temporary cash investments | $158,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $648,888 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,768 |
| Prepaid expenses and deferred charges | $73,622 |
| Net Land, buildings, and equipment | $7,858,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,105,849 |
| Intangible assets | $0 |
| Other assets | $689,892 |
| Total assets | $10,818,407 |
| Accounts payable and accrued expenses | $460,758 |
| Grants payable | $0 |
| Deferred revenue | $30,570 |
| Tax-exempt bond liabilities | $14,128,537 |
| Escrow or custodial account liability | $60,874 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $651,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,653,676 |
| Total liabilities | $16,985,675 |
| Net assets without donor restrictions | -$6,167,268 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,818,407 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Marks Lutheran Home has recieved totaling $24,840.
| Awarding Organization | Amount |
|---|---|
Leadingage Minnesota Foundation St Paul, MN PURPOSE: WORKFORCE SOLUTIONS GRANT | $24,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |