Lake Region Half-Way Homes Inc
- Assets
- $221.4k
- Revenue
- $554.1k
- Investments
- $0.0
- Employees
- 19
- Location
- Fergus Falls, MN
- Founding
- 04/1979
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Lake Region Recovery Home generated $554.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $583.1k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 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
HALFWAY HOME FOR THE CHEMICALLY DEPENDENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALFWAY HOME FOR THE CHEMICALLY DEPENDENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Eidal Treasurer | Trustee | 0 | $0 |
Preston Berg Secretary | Trustee | 0 | $0 |
Mike Hartwell Vice President | Trustee | 0 | $0 |
Melissa Jensen President | Trustee | 0 | $0 |
Jenna Kavanagh Director | Trustee | 0 | $0 |
Mary Matteson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,198 |
| Total Program Service Revenue | $522,866 |
| Investment income | $6 |
| 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 | $554,117 |
| 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. | $371,369 |
| Compensation of current officers, directors, key employees. | $87,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,943 |
| Payroll taxes | $36,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,676 |
| Advertising and promotion | $0 |
| Office expenses | $4,634 |
| 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 | $9,533 |
| Insurance | $15,756 |
| All other expenses | $15,174 |
| Total functional expenses | $583,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,601 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,080 |
| 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 | $0 |
| Net Land, buildings, and equipment | $127,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $221,352 |
| Accounts payable and accrued expenses | $2,196 |
| Grants payable | $0 |
| Deferred revenue | $5,212 |
| 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 | $6,027 |
| Total liabilities | $13,435 |
| Net assets without donor restrictions | $207,917 |
| 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 | $221,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carroll Institute Sioux Falls, SD | $8,481,648 | $5,603,656 |
Jackie Nitschke Center Inc Green Bay, WI | $3,654,903 | $1,716,212 |
True Directions Inc Mora, MN | $374,400 | $990,920 |
Villa Phoenix Inc Appleton, WI | $709,087 | $787,861 |
Crossroads Aftercare Program Inc Edina, MN | $0 | $66,176 |
Lake Region Half-Way Homes Inc Fergus Falls, MN | $221,352 | $554,117 |