Community Memorial Home At Osakis Minn Incorporated
- Assets
- $7.5m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 151
- Location
- Osakis, MN
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 41-0870847
Organization Overview
Community Memorial Home At Osakis Minn Incorporated, operating under the name Galeon, is located in Osakis, MN. The organization was established in 1965. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Galeon employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galeon 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 06/2022, Galeon generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE ELDERLY, SICK AND INFIRMED WITH FACILITIES AND SERVICES TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY MEMORIAL HOME AT OSAKIS, MINNESOTA, INCORPORATED, D/B/A GALEON (GALEON) OWNS AND OPERATES A 40-BED LICENSED NURSING FACILITY AND A WELLNESS AND THERAPY CENTER, AS WELL AS A 19-UNIT INDEPENDENT LIVING FACILITY (TERRACE HEIGHTS), A 25-UNIT ASSISTED LIVING FACILITY (WEST VIEW) AND A 20-UNIT MEMORY CARE ASSISTED LIVING FACILITY (BRIDGEWELL). IN ADDITION, COMMUNITY MEMORIAL HOME MANAGES THE OPERATION OF OSAKIS COMMUNITY MANOR APARTMENTS THAT DEDICATES 24 UNITS OF HOUSING TO INDEPENDENT SENIORS, MOST OF WHOM QUALIFY FOR RENTAL ASSISTANCE. THROUGHOUT THESE VARIOUS LOCATIONS, WHICH ARE EITHER CONNECTED TO OR IN CLOSE PROXIMITY TO COMMUNITY MEMORIAL HOME, PROGRAMS HAVE BEEN DEVELOPED TO ASSIST OLDER ADULTS WITH PHYSICAL CARE, REHABILITATION, NUTRITION, STRENGTH RESTORATION, MOBILITY, AND MEDICATION MANAGEMENT. ADDITIONAL SERVICES SUPPORTING THESE CORE PROGRAMS ARE IN PLACE TO FOSTER EACH RESIDENT'S SOCIAL, EMOTIONAL, MENTAL, SPIRITUAL, AND VOCATIONAL GROWTH AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Reinke Administrator/ceo | Officer | 40 | $87,835 |
Neil Johnson President | OfficerTrustee | 1 | $0 |
Saundra Benson Treasurer | OfficerTrustee | 1 | $0 |
Georgia Thesing Vice President | OfficerTrustee | 1 | $0 |
Bernie Kostrzewski Secretary | OfficerTrustee | 1 | $0 |
Pat Ryan Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Services | 6/29/15 | $314,642 |
Rj Mechanical Contractor | 6/29/15 | $271,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,429 |
| Total Program Service Revenue | $6,077,664 |
| Investment income | $100,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,896,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,130 |
| Compensation of current officers, directors, key employees. | $98,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,483,943 |
| Pension plan accruals and contributions | $54,662 |
| Other employee benefits | $302,201 |
| Payroll taxes | $259,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,071 |
| Advertising and promotion | $43,577 |
| Office expenses | $372,684 |
| Information technology | $47,061 |
| Royalties | $0 |
| Occupancy | $302,321 |
| Travel | $8,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,951 |
| Interest | $77,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,690 |
| Insurance | $47,213 |
| All other expenses | $79,122 |
| Total functional expenses | $6,453,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $834,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $535,110 |
| 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 | $80,428 |
| Net Land, buildings, and equipment | $3,299,495 |
| Investments—publicly traded securities | $2,677,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,383 |
| Total assets | $7,476,835 |
| Accounts payable and accrued expenses | $528,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,292,126 |
| Escrow or custodial account liability | $46,130 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,866,647 |
| Net assets without donor restrictions | $4,610,188 |
| 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 | $7,476,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |