Chosen Valley Care Center Inc
- Assets
- $21.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 194
- Location
- Chatfield, MN
- Founding
- 02/1978
- Data as of
- 09/2021
- EIN
- 41-1272572
Organization Overview
Chosen Valley Care Center Inc is located in Chatfield, MN. The organization was established in 1978. 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, Chosen Valley Care Center Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chosen Valley Care Center 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, Chosen Valley Care Center Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $8.4m during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 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
CHOSEN VALLEY CARE CENTER, INC. PROVIDES HOUSING AND NURSING CARE TO THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHOSEN VALLEY CARE CENTER, INC. (THE CARE CENTER) IS A NONPROFIT CORPORATION WHICH OWNS AND OPERATES A 78-BED LICENSED NURSING FACILITY, A 15-UNIT RETIREMENT APARTMENT RESIDENCE, AND A 20-UNIT ASSISTED LIVING FACILITY LOCATED IN CHATFIELD, MINNESOTA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Vickerman Director Of Resident And C | 51 | $101,113 | |
Craig Backen Administrator (part-Year) | OfficerTrustee | 40 | $71,096 |
Gary Bren President | OfficerTrustee | 0.5 | $0 |
Angie Bicknese Secretary | OfficerTrustee | 0.5 | $0 |
Dan Hollermann Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Thieke Vice President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wold Architects Incorporated Construction | 9/29/19 | $525,384 |
Therapy Network Inc Rehabilitation | 9/29/19 | $236,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,082,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,156,100 |
| Total Program Service Revenue | $8,141,939 |
| Investment income | $8,431 |
| 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 | $9,331,472 |
| 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. | $60,576 |
| Compensation of current officers, directors, key employees. | $60,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,087,902 |
| Pension plan accruals and contributions | $51,308 |
| Other employee benefits | $676,283 |
| Payroll taxes | $250,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,341 |
| 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 | $324,311 |
| Advertising and promotion | $4,013 |
| Office expenses | $758,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $217,627 |
| Travel | $7,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,500 |
| Interest | $321,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $473,870 |
| Insurance | $71,264 |
| All other expenses | $79,207 |
| Total functional expenses | $8,420,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,915,811 |
| Savings and temporary cash investments | $520,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,015,468 |
| 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 | $39,419 |
| Net Land, buildings, and equipment | $14,813,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,081,293 |
| Total assets | $21,385,464 |
| Accounts payable and accrued expenses | $1,407,185 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,169,959 |
| Escrow or custodial account liability | $59,916 |
| 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 | $14,637,060 |
| Net assets without donor restrictions | $6,748,404 |
| 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 | $21,385,464 |
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 |