Glenwood Village Care Center Inc
- Assets
- $9.6m
- Revenue
- $10.8m
- Investments
- $102.7k
- Employees
- 206
- Location
- Glenwood, MN
- Founding
- 11/1961
- Data as of
- 09/2023
- EIN
- 41-0872240
Organization Overview
Glenwood Village Care Center Inc, operating under the name Glenwood Retirement Village, is located in Glenwood, 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 09/2023, Glenwood Retirement Village employed 206 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Glenwood Retirement Village 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 09/2023, Glenwood Retirement Village generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $9.2m during the year ending 09/2023. While expenses have increased by 4.2% per year over the past 8 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
NURSING HOME AND ASSISTED LIVING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOMEGLENWOOD VILLAGE CARE CENTER IS A 64-BED SKILLED NURSING FACILITY. TOTAL RESIDENT DAYS FOR THE FISCAL YEAR WERE 19,489. AN AVERAGE OF 53.39 RESIDENTS PER DAY WERE SERVED WITH A TOTAL OF 100 ADMISSIONS IN THE FISCAL YEAR. GLENWOOD VILLAGE CARE CENTER IS CERTIFIED FOR MEDICARE AND MEDICAL ASSISTANCE. SERVICES INCLUDE NURSING, DIETARY, ACTIVITIES, SOCIAL SERVICES, ON-SITE CHAPLAIN AND PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY. BOTH IN-PATIENT AND OUT-PATIENT THERAPY IS AVAILABLE.
PARKVIEW COURTPARKVIEW COURT IS A 32-UNIT APARTMENT BUILDING ATTACHED TO THE GLENWOOD VILLAGE CARE CENTER. IT IS LICENSED AS AN ASSISTED LIVING FACILITY. IT IS FULLY STAFFED 24 HOURS A DAY. PRIVATE PAY AND ELDERLY WAIVER FUNDS ARE ACCEPTED. OPTIONAL MEAL PLANS AND SERVICE PACKAGES ARE AVAILABLE AND CUSTOMIZED TO MEET THE NEEDS OF THE CLIENT. HOUSEKEEPING SERVICES AND ACTIVITIES ARE AVAILABLE DAILY. PARKVIEW COURT IS AN EQUAL HOUSING OPPORTUNITY PROVIDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Bogie Chair | OfficerTrustee | 0.3 | $0 |
Allen Dahlseng Vice Chair (as Of Mar 2023) | OfficerTrustee | 0.3 | $0 |
Beth Snider Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Mike Larson Vice Chair Thru Mar 2023)/dir. (as Of Mar 2023) | OfficerTrustee | 0.3 | $0 |
Jodi Mcginty Director | Trustee | 0.3 | $0 |
Laura Jergenson Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advantage Rehab Therapy | 9/29/23 | $407,010 |
Eide Bailly Llp Audit Services | 9/29/23 | $277,016 |
Us Foods Food | 9/29/23 | $246,978 |
Glacial Ridge Health System Ancilaries | 9/29/23 | $104,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,150,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,150,384 |
| Total Program Service Revenue | $8,670,906 |
| Investment income | $7,408 |
| 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 | $10,828,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $446 |
| Grants and other assistance to domestic individuals. | $84,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,772 |
| Compensation of current officers, directors, key employees. | $24,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,610,200 |
| Pension plan accruals and contributions | $52,408 |
| Other employee benefits | $563,616 |
| Payroll taxes | $311,297 |
| Fees for services: Management | $232,900 |
| Fees for services: Legal | $515 |
| Fees for services: Accounting | $55,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $734,479 |
| Advertising and promotion | $20,502 |
| Office expenses | $200,691 |
| Information technology | $79,925 |
| Royalties | $0 |
| Occupancy | $393,928 |
| Travel | $9,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,818 |
| Interest | $170,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,133 |
| Insurance | $97,570 |
| All other expenses | $39,528 |
| Total functional expenses | $9,189,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,901,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $782,312 |
| 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 | $93,517 |
| Net Land, buildings, and equipment | $4,885,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $102,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $881,969 |
| Total assets | $9,647,420 |
| Accounts payable and accrued expenses | $1,904,837 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,379,048 |
| Escrow or custodial account liability | $27,444 |
| 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 | $6,311,329 |
| Net assets without donor restrictions | $3,336,091 |
| 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 | $9,647,420 |