Mount Olivet Rolling Acres Inc
- Assets
- $18.4m
- Revenue
- $39.2m
- Investments
- $9.9k
- Employees
- 573
- Location
- Victoria, MN
- Founding
- 04/1967
- Data as of
- 12/2022
- EIN
- 41-0907046
Organization Overview
Mount Olivet Rolling Acres Inc is located in Victoria, MN. The organization was established in 1967. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Mount Olivet Rolling Acres Inc employed 573 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet Rolling Acres 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 12/2022, Mount Olivet Rolling Acres Inc generated $39.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $40.6m during the year ending 12/2022. While expenses have increased by 8.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERSONS WITH DISABILITIES A QUALITY OF LIFE THAT IS VALUED BY SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARE AND LODGING FOR INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES IN PLEASANT, SAFE SUBURBAN NEIGHBORHOODS, INCLUDING THE INTERMEDIATE CARE FACILITY (ICF/MR) GROUP HOMES AT OUR VICTORIA CAMPUS AND SUPPORTED LIVING SERVICES (SLS) CARE IS PROVIDED IN FOUR-PERSON, SINGLE FAMILY COMMUNITY HOMES ALONG WITH MULTI-BED FACILITIES THROUGHOUT HENNEPIN, CARVER AND SCOTT COUNTIES. WE SERVE APPROXIMATELY 130 CLIENTS FOR WHICH WE PROVIDE 1) CARE AND SUPERVISION 24 HOURS PER DAY BY SKILLED AND CARING STAFF, 2) TRAINING IN ACTIVITIES OF DAILY LIVING, 3) THERAPEUTIC LEISURE AND RECREATION ACTIVITIES, 4) NURSING AND BEHAVIOR ANALYST SERVICES AS NEEDED AND 5) A PERSON CENTERED APPROACH IN ALL SERVICES PROVIDED.
PROVIDE TRANSITIONAL SUPPORT AND CRISIS SERVICES FOR CHILDREN, AND ADULTS, WITH DEVELOPMENTAL AND OTHER DISABILITIES, AS WELL AS OTHER COMMUNITY SUPPORT SERVICES FOR THESE INDIVIDUALS, INCLUDING PROVIDING A SAFETY NET OF PROGRAMS FOR CHILDREN AND ADULTS WHO HAVE A TEMPORARY NEED FOR SPECIALIZED HOUSING WITH INTENSIVE SERVICES. MOUNT OLIVET ROLLING ACRES SERVES A SIGNIFICANT NUMBER OF INDIVIDUALS IN THIS AREA ON A SHORTER DURATION.
PROVIDE CONTRACTED CASE MANAGEMENT SERVICES TO INDIVIDUALS AS DIRECTED BY HENNEPIN, DAKOTA, ANOKA, AND GOODHUE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Psihos Board Chair | OfficerTrustee | 1 | $0 |
Pastor David Lose Board Vice Chair | OfficerTrustee | 1 | $0 |
Kris Teigen Secretary | OfficerTrustee | 1 | $0 |
Bruce Ensrud Board Director | Trustee | 1 | $0 |
Sue Durkin Board Director | Trustee | 1 | $0 |
Pastor Monica Hammersten Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meridian Services Inc Crisis Bed Services | 12/30/22 | $3,843,372 |
Snyder Health Care Systems Inc Crisis Bed Services | 12/30/22 | $1,645,854 |
Beacon Specialized Living Crisis Bed Services | 12/30/22 | $1,969,426 |
Genesis Group Homes Inc Crisis Bed Services | 12/30/22 | $1,549,771 |
Rudolph Community And Care Crisis Bed Services | 12/30/22 | $1,539,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,062 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,502 |
| Noncash contributions included in lines 1a–1f | $12,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $548,564 |
| Total Program Service Revenue | $38,620,858 |
| Investment income | $47,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,640 |
| Net Gain/Loss on Asset Sales | $1,366 |
| Net Income from Fundraising Events | -$51,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,199,197 |
| 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. | $326,506 |
| Compensation of current officers, directors, key employees. | $261,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,215,242 |
| Pension plan accruals and contributions | $269,830 |
| Other employee benefits | $1,941,221 |
| Payroll taxes | $1,282,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280,830 |
| 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 | $14,931,626 |
| Advertising and promotion | $17,063 |
| Office expenses | $436,850 |
| Information technology | $385,120 |
| Royalties | $0 |
| Occupancy | $1,022,886 |
| Travel | $159,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,533 |
| Interest | $112,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834,355 |
| Insurance | $292,092 |
| All other expenses | $0 |
| Total functional expenses | $40,554,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,651,680 |
| Savings and temporary cash investments | $2,330,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,318,020 |
| 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 | $351,396 |
| Net Land, buildings, and equipment | $8,437,881 |
| Investments—publicly traded securities | $1,993,697 |
| Investments—other securities | $9,855 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $314,007 |
| Total assets | $18,407,306 |
| Accounts payable and accrued expenses | $2,994,557 |
| Grants payable | $0 |
| Deferred revenue | $2,133,771 |
| Tax-exempt bond liabilities | $237,737 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,842,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $728,801 |
| Total liabilities | $9,937,457 |
| Net assets without donor restrictions | $8,386,610 |
| Net assets with donor restrictions | $83,239 |
| 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 | $18,407,306 |