Stewartville Nursing Home Inc
- Assets
- $3.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 140
- Location
- Stewartville, MN
- Founding
- 08/1979
- Data as of
- 09/2021
- EIN
- 41-0959382
Organization Overview
Stewartville Nursing Home Inc is located in Stewartville, MN. The organization was established in 1979. 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 09/2021, Stewartville Nursing Home Inc employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stewartville Nursing 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, Stewartville Nursing Home Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.2m during the year ending 09/2021. 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
PROVIDE NURSING HOME CARE & SENIOR HOUSING SERVICES TO THE ELDERLY OF STEWARTVILLE, MN
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARTVILLE NURSING HOME, INC. (ORGANIZATION) OPERATES STEWARTVILLE CARE CENTER (CARE CENTER), STEWARTVILLA SENIOR HOUSING (APARTMENTS), ROOT RIVER ESTATES (ESTATES), AND GARDEN COTTAGES (COTTAGES). THESE ENTITIES PROVIDE SERVICES TO THE ELDERLY THROUGH THE OPERATION OF AN 85-BED LICENSED NURSING HOME AND SENIOR HOUSING ALL LOCATED IN STEWARTVILLE, MINNESOTA. THE MARKET FOR THE ORGANIZATION'S SERVICES IS LIMITED TO SOUTHEASTERN MINNESOTA. BY ITS NATURE, THE ORGANIZATION OPERATIONS ARE LABOR INTENSIVE. THE ORGANIZATION'S SOURCE OF LABOR IS ALSO GENERALLY LIMITED TO THE SOUTHEASTERN MINNESOTA MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Gustason Administrator | Officer | 40 | $144,858 |
Jarett Jones President | OfficerTrustee | 0.5 | $0 |
Margaret Nelson Vice President | OfficerTrustee | 0.5 | $0 |
Connie Grisim Secretary | OfficerTrustee | 0.5 | $0 |
David Thompson Director | Trustee | 0.5 | $0 |
Laura Nordstrom Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Rehabilitation Therapy Services | 9/29/20 | $249,190 |
Ann Leo Staffing Agency Temporary Nursing Staff | 9/29/20 | $529,221 |
Ann Leo Staffing Agency Temporary Nursing Staff | 9/29/20 | $529,221 |
Aegis Therapies Rehabilitation Therapy Services | 9/29/20 | $249,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $997,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,189 |
| Total Program Service Revenue | $5,678,149 |
| Investment income | $3,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,857,668 |
| 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. | $156,858 |
| Compensation of current officers, directors, key employees. | $156,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,021,361 |
| Pension plan accruals and contributions | $16,731 |
| Other employee benefits | $421,596 |
| Payroll taxes | $239,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,619 |
| Fees for services: Accounting | $53,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $576,762 |
| Advertising and promotion | $7,087 |
| Office expenses | $8,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,954 |
| Travel | $3,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $416,843 |
| Insurance | $65,376 |
| All other expenses | $44,624 |
| Total functional expenses | $6,218,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,351 |
| Savings and temporary cash investments | $28,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,887 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,918 |
| Net Land, buildings, and equipment | $2,209,953 |
| Investments—publicly traded securities | $229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,770 |
| Total assets | $3,315,151 |
| Accounts payable and accrued expenses | $480,615 |
| Grants payable | $0 |
| Deferred revenue | $166,363 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,584,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,596 |
| Total liabilities | $2,275,403 |
| Net assets without donor restrictions | $1,039,748 |
| 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 | $3,315,151 |
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 |