Lake Region Half-Way Homes Inc
- Assets
- $253.0k
- Revenue
- $581.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Fergus Falls, MN
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 41-1236274
Organization Overview
Lake Region Half-Way Homes Inc, operating under the name Lake Region Recovery Home, is located in Fergus Falls, MN. The organization was established in 1979. As of 12/2021, Lake Region Recovery Home employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region Recovery 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 12/2021, Lake Region Recovery Home generated $581.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $535.2k during the year ending 12/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HALFWAY HOME FOR THE CHEMICALLY DEPENDENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALFWAY HOME FOR THE CHEMICALLY DEPENDENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston Berg Director | Trustee | 0 | $0 |
Beth Eidal Treasurer | Trustee | 0 | $0 |
Jim Fish President | Trustee | 0 | $0 |
Wade Erickson Director | Trustee | 0 | $0 |
Michelle Eldien Director | Trustee | 0 | $0 |
Mike Hartwell Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,049 |
| Total Program Service Revenue | $546,407 |
| Investment income | $7 |
| 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 | $581,647 |
| 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 | $330,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,898 |
| Payroll taxes | $32,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,844 |
| Advertising and promotion | $0 |
| Office expenses | $731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,115 |
| Insurance | $14,412 |
| All other expenses | $12,753 |
| Total functional expenses | $535,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,693 |
| 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 | $6,275 |
| Net Land, buildings, and equipment | $119,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,991 |
| Accounts payable and accrued expenses | $15,542 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515 |
| Total liabilities | $16,057 |
| Net assets without donor restrictions | $236,934 |
| 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 | $252,991 |
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|---|---|---|
Carroll Institute Sioux Falls, SD | $8,292,611 | $4,802,732 |
Jackie Nitschke Center Inc Green Bay, WI | $3,653,509 | $2,027,132 |
True Directions Inc Mora, MN | $459,768 | $675,368 |
Crossroads Aftercare Program Inc Edina, MN | $0 | $66,176 |
Villa Phoenix Inc Appleton, WI | $868,604 | $641,712 |
Lake Region Half-Way Homes Inc Fergus Falls, MN | $252,991 | $581,647 |